Pre-retirement

Information to help you prepare for retirement.

Retirement Questions

There are many other topics you will need to address, such as those related to family and elder care, the tax implications of Individual Retirement Arrangements (IRAs) and retirement plan withdrawals, and whether you will work at least part-time. Where will I live? Do I want to move? Should I downsize? Can I keep up … Continue reading Retirement Questions

Timeline

At age 50 – Begin making catch-up contributions, an extra amount that those over 50 can add, to 401(k) and other retirement accounts. At 59½ – No more tax penalties on withdrawals from retirement accounts, but leaving money in means more time for it to grow. At 62 – The minimum age to receive Social Security … Continue reading Timeline