Getting an education, starting a family, advancing in your career… There are plenty of significant moments along the way as you lead your life. And as retirement approaches—or if you’re already enjoying it—there are more important ages and milestones that can affect your financial plans.

50: Catch-Up Contributions

• Once you reach the age of 50, you can contribute an additional $8,000 per year to many retirement accounts. A “Super Catch-Up” of $11,250 per year is available to those aged 60-63².

59 ½: Penalty-Free Withdrawals

• Reaching this age allows you to begin withdrawing from IRAs, 401(k)s, and other tax-deferred accounts without incurring the 10 percent penalty assessed on early withdrawals.

62: Early Social Security

• You can begin claiming Social Security benefits as early as 62. However, any benefits claimed prior to reaching your Full Retirement Age will result in a decrease in full benefits.

65: Medicare Enrollment

• Your initial enrollment period for Medicare begins three months before your 65^th birthday and ends three months after. Missing this window can lead to higher premiums later.

66 or 67: Full Retirement Age

• Depending on your birth year³ you will reach Full Retirement Age for Social Security benefits at either 66 or 67. You are permitted to withhold receiving benefits—and will receive a higher monthly benefit once you do begin—until reaching 70.

73: Required Minimum Distributions

• Once you turn 73, you must begin taking RMDs from most retirement accounts, like traditional IRAs and 401(k)s. Significant penalties can be assessed for failure to make distributions.

Give our experienced team a call at 678-539-9518 and learn more about your upcoming financial milestones.

1. https://www.forbes.com/sites/andrewrosen/2025/03/06/key-milestone-ages-in-retirement-what-to-do-at-each-step/
2. https://www.morningstar.com/retirement/3-big-changes-retirement-planning-2026
3. https://retirementize.com/blogs/social-security-retirement-age-2026.php

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This blog is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.