• 1-800-533-4370
  • 1-574-722-4222
  • Mon - Fri: 8:00 - 5:00

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 AGE 59 1/2

No more tax penalties on withdrawals from retirement accounts, but leaving money in means more time for it to grow.

AT AGE 62

The minimum age to receive Social Security benefits, but delaying means a bigger monthly benefit.

AT AGE 65

Eligible for Medicare.

AT AGE 65

Eligible for Social Security benefits if born between 1943 and 1954.

AT AGE 70 1/2

Start taking minimum withdrawals from most retirement accounts by this age; otherwise, you may be charged heavy tax penalties in the future.

Source: http://www.dol.gov/ebsa/publications/nearretirement.html

Additional Retirement Resource:

Contact Us

For more information about retirement, you can call our office at 1 (800) 533-4370 or 1 (574) 722-4222 You can also email us at sharon.musselman@lpl.com.

how to connect

Phone: 574-722-4222

Phone: 1-800-533-4370

sharon.musselman @lpl.com

Our office

1529 E Market Street, Logansport, IN 46947