Congress and the IRS decided that you cannot leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin mandatory withdrawals.
Current thinking has 65 as the normal retirement age and that’s because at one time a worker could collect full Social Security benefits at age 65.
Almost 60 is technically 59½, the age you finally can get at those dollars you have been stashing away for years.
Age 55 seems to be a magical number. It’s the elusive goal for retiring early!
Many birthdays are key to successful retirement planning, but I thought I’d outline the ones that are key to retirement success.
Saving for college should start when your little one is still in diapers! However, it is never too late to begin at any age.
Colleges post the cost of tuition, room and board and the miscellaneous fees but these are not the only expenses you will need to plan for.
Who should pay for college? I don’t have a definitive answer!
Financial Aid money comes from the Federal government, the states, colleges and private organizations and comes in different forms.
Sunday the 31st is the Massachusetts College Goal Sunday. This is a program that provides free information and assistance to Massachusetts families applying for financial aid.