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

Q4 2019 Investment Commentary Webinar

Q4 2019 Investment Commentary Webinar

1/11/2020 12:00:00 AM EST
6 days ago

January 30, 2020 | 11am

Presidential Elections – Fear Is Significantly More Than Market Impact 

Curt Gross, Chief Investment Officer, will be hosting a webinar at the ...

Moving to a Retirement Community? Do Your Homework First

Moving to a Retirement Community? Do Your Homework First

12/27/2019 12:00:00 AM EST
3 weeks ago

If you’re considering making the move to a senior living community, it’s not something to be taken lightly. Like any other major life ...

Upcoming Events

Upcoming Events

Q4 2019 - Quarterly Commentary & Webinar

Q4 2019 - Quarterly Commentary & Webinar

1/30/2020 11:00:00 AM EST

Memorial Day: Office Closed

Memorial Day: Office Closed

5/25/2020 12:00:00 AM EDT
The FAI Office will be closed on Memorial Day.