EP 50: Retirement Milestone Ages You Need To Know

Liz Whitteberry |
 

Age is just a number- except for when it comes to retirement planning. In fact, the financial planning process is filled with key milestones that you need to be aware of as you plan for a secure future. In today’s episode, we’ll talk about the birthdays you need to pay close attention to. From catch-up contributions at 50 to Medicare at 65, tune in as Liz shares some helpful insights and tips to help you make the most of each milestone. 

We thought this would be the perfect conversation to have as we celebrate 50 episodes of the podcast! By staying informed and planning ahead, you can navigate the path to a secure and fulfilling retirement.

 

Here are a few milestones we discuss in today’s show:

 

  • Getting serious about retirement planning at age 50 + catch-up contributions and Roth IRAs

 

  • Penalty-free distributions from retirement plans at 59.5 + in-service rollovers and bucket plan roadmap

 

  • Starting Medicare at age 65 + SSA-44 and credible coverage 

 

  • Reaching your full retirement age at 66 or 67 + getting your full Social Security benefit

 

  • Filing for Social Security at age 70 + the "start-stop-restart" strategy and the benefits of QCDs at age 70.5