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

Webinar: Thinking of Moving in Retirement?

Webinar: Thinking of Moving in Retirement?

10/28/2019 12:00:00 AM EDT
2 weeks ago

November 13, 2019 | 11am

Thinking of Moving in Retirement? 

Many of our clients contemplate moving as they near retirement. Join us for our November 13 ...

529 Plans: Here’s What You Need to Know About Saving for College

529 Plans: Here’s What You Need to Know About Saving for College

10/27/2019 12:00:00 AM EDT
3 weeks ago

Sending your children to college can be a stressful time.

For some, this may be your child’s first time away from home. This period ...

Upcoming Events

Upcoming Events

Thanksgiving: Office Closed

Thanksgiving: Office Closed

11/28/2019 12:00:00 AM EST
FAI's Office is closed due to the Thanksgiving holiday.

Christmas Eve: Office is Closed

Christmas Eve: Office is Closed

12/24/2019 12:00:00 AM EST
FAI's office will be closed on Monday, December 24th ...