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

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:

• The 5 Most Important Questions to Ask a Financial Advisor Before Hiring Them
• 7 Common Retirement Planning Mistakes (And How To Avoid Them)
• Start Designing Your Bigger Bolder Retirement
• Top 5 Social Security Filing Mistakes to Avoid (Ep. 14)
• Medicare 101: The Ultimate Guide (Ep. 16)
• 401(k) and IRA Contributions Limits
• Exceptions to Tax on Early Distributions
• Catch-Up Contributions
• 72(t) Substantially Equal Periodic Payments
• The Rule of 55
• IRA FAQ’s – Distributions
• Medicare.gov
• Social Security Benefits
• Required Minimum Distributions
• Secure Act 2.0

Connect with Jim Kruzan: 

• (800) 638-6900
• Kaydan Wealth Management
• LinkedIn: Jim Kruzan
• LinkedIn: Kaydan Wealth Management
• Facebook: Kaydan Wealth Management
• Instagram: Kaydan Wealth Management
• YouTube: Kaydan Wealth Management
• Twitter: Kaydan Wealth Management

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