The Retirement Engineer with Jim Kruzan - Your Path to a Bigger, Bolder Retirement

The Retirement Engineer with Jim Kruzan - Your Path to a Bigger, Bolder Retirement


Milestone Moments: Navigating 7 Key Ages in Retirement Planning (Ep. 17)

November 07, 2023

Between 50 and 72, there are significant birthdays that can impact your retirement finances.


These age-based milestones can help you grow your retirement nest egg, avoid financial penalties, withdraw your retirement funds early, and more!


In this episode, Jim Kruzan, CFP®, CRPC®, highlights seven legislative birthdays that every retiree or soon-to-be retiree should circle on their calendars. By the episode’s end, you’ll realize why planning your retirement cash flows is crucial before these milestones creep up on you!


Jim discusses:


  • Benefits of turning 50, including catch-up contributions and early retirement for qualified public safety workers.
  • How to make penalty-free withdrawals at 55 and 59.5 (from eligible plans)
  • The difference between taking Social Security at 62, 70, and anywhere in between 
  • Medicare’s 7-month enrollment window to avoid penalties
  • The impact of Secure Act 2.0 on the required minimum distribution age
  • And more

Resources:


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