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Begin making catch-up contributions, an extra amount that those over 50 can add, to 401(k) and other retirement accounts.
No more tax penalties on withdrawals from retirement accounts, but leaving money in means more time for it to grow.
The minimum age to receive Social Security benefits, but delaying means a bigger monthly benefit.
Eligible for Medicare.
Eligible for Social Security benefits if born between 1943 and 1954.
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
For more information about our insurance services, you can call our office at 1 (800) 533-4370 or 1 (574) 722-4222. You can also email us at workmanandassociates@lpl.com
1529 E Market Street, Logansport, IN 46947