Current thinking has 65 as the normal retirement age because at one time a worker could collect full Social Security benefits at age 65. No more.
At 59½ you can finally get at those dollars you have been stashing away for years in your retirement plans without paying a 10% penalty.
Age 55 seems to be a magical number. It’s the elusive goal for retiring early!
Many birthdays are key to successful retirement planning. We’ll spend the week looking at the ones I think are key to your success.
Yesterday was all about getting healthy, today let’s talk about the wealthy part.
I don’t know what Congress is planning to do regarding tax changes, but every year around the third week of December Congress decides to tweak the tax code.
If you have not done any retirement planning, tomorrow, as everyone is seated around the table, decide which kid you want to live with in your old age.
“Let’s go someplace warm this winter” is heard in many conversations. You want some place warm to avoid the winter cold and snow.
This rarely happens, but retirement planning should start with your first job.
If you are in the retirement planning stage now, the amount of money you’ve saved will dictate where you can live.