FAI-Age Milestones

Every age is a gift.

Milestone birthdays offer a reminder that time passes quickly and the future is at our doorstep. They may cause you to think more about your health or to take a renewed interest in your bucket list. If you’re approaching an age-related milestone, there are also some important financial considerations to take into account, such as:

  • Age 50: Make catch-up contributions to IRAs or other qualified retirement plans
  • Age 55: In some cases, take distributions from your 401(k) plan without penalty if you’ve retired
  • Age 59.5: Take distributions from your IRAs without penalty
  • Age 62 – 70: Apply for your Social Security benefits
  • Age 65: Apply for Medicare
  • Age 70.5: Begin taking Required Minimum Distributions (RMDs) from your IRAs or your employer retirement plan

FAI Wealth Management can develop a plan for your wealth that addresses your age and your goals, so you can be right where you want to be at every milestone and every year in between.

Recent News

Recent News

Important Considerations When Downsizing for Retirement

Important Considerations When Downsizing for Retirement

7/9/2019 12:00:00 AM EDT
a week ago

When you think of your preparations for retirement, do they involve downsizing your life in some way? 

For most Americans, we envision our golden years ...

Is Your Retirement Plan ‘Able’ to Meet Your Needs?

Is Your Retirement Plan ‘Able’ to Meet Your Needs?

7/9/2019 12:00:00 AM EDT
a week ago

It takes more than planning to bring a goal to life.

We’ve all been there—setting a goal we really want to accomplish, but ...

Upcoming Events

Upcoming Events

FAI's Quarterly Investment Review Webinar

FAI's Quarterly Investment Review Webinar

8/1/2019 11:00:00 AM EDT
Curt Gross, FAI's Chief Investment Officer, will be going ...

Labor Day: Office Closed

Labor Day: Office Closed

9/2/2019 12:00:00 AM EDT