4 Retirement Milestones

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When approaching your retirement, remember these four key dates to maximum your retirement savings!

Age 59½ for Penalty Free Withdrawals. You can starting taking distributions you’re your IRA without the 10 percent early-distribution penalty.

Age 62 for Early Social Security. Starting benefits at this age is allowable, but you’ll reduce your benefit amount by about 25 percent. If you can keep working for a few more years, you’ll still be contributing to your account and enjoy higher benefits later.


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Published In: Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darol Tuttle, Darol Tuttle | Attorney Advertising

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