What do the numbers tell you?
What do the numbers tell you?
What do the numbers tell you?
Stay informed with these resources
Stay informed with these resources
Important Birthdays
Important Birthdays
Age 591/2
Age 591/2 is the age at which you can take distributions from your retirement plans without incurring the premature withdrawal penalty.1
Age 62
Age 62 is generally the earliest you can collect Social Security. However, if you continue to work, those benefits will be reduced if you take them before your Social Security full retirement age.1
Age 65
Age 65 is when Medicare begins. You should enroll in Medicare a few months prior to your 65th birthday. You will now need to make a couple of decisions regarding your healthcare options.2
Age 72
At age 72, your IRA dollars will be subject to a Required Minimum Distribution (RMD). This can be delayed until April 1st of the following year and each future distribution must happen by December 31st. Failure to take the RMD results in a tax penalty equal to 50% on the amount that should have been distributed.3
Age 591/2
Age 591/2 is the age at which you can take distributions from your retirement plans without incurring the premature withdrawal penalty.1
Age 62
Age 62 is generally the earliest you can collect Social Security. However, if you continue to work, those benefits will be reduced if you take them before your Social Security full retirement age.1
Age 65
Age 65 is when Medicare begins. You should enroll in Medicare a few months prior to your 65th birthday. You will now need to make a couple of decisions regarding your healthcare options.2
Age 72
At age 72, your IRA dollars will be subject to a Required Minimum Distribution (RMD). This can be delayed until April 1st of the following year and each future distribution must happen by December 31st. Failure to take the RMD results in a tax penalty equal to 50% on the amount that should have been distributed.3
Age 591/2
Age 591/2 is the age at which you can take distributions from your retirement plans without incurring the premature withdrawal penalty.1
Age 62
Age 62 is generally the earliest you can collect Social Security. However, if you continue to work, those benefits will be reduced if you take them before your Social Security full retirement age.1
Age 65
Age 65 is when Medicare begins. You should enroll in Medicare a few months prior to your 65th birthday. You will now need to make a couple of decisions regarding your healthcare options.2
Age 72
At age 72, your IRA dollars will be subject to a Required Minimum Distribution (RMD). This can be delayed until April 1st of the following year and each future distribution must happen by December 31st. Failure to take the RMD results in a tax penalty equal to 50% on the amount that should have been distributed.3
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Download a copy of our "10 Steps to a Successful Retirement" Guide!
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We will get back to you as soon as possible
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Download a copy of our "10 Steps to a Successful Retirement" Guide!
Download your complimentary guide!
We will get back to you as soon as possible
Please try again later
P. 281.325.0294
F. 512.330.9462
kstover@stoverfinancialservices.com
4101 parkstone heigths drive, Suite 210 Austin, Texas 77840
P. 281.325.0294
F. 512.330.9462
kstover@stoverfinancialservices.com
4101 parkstone heigths drive, Suite 210 Austin, Texas 77840
P. 512.627.1795
F. 512.330.9462
kstover@stoverfinancialservices.com
4101 parkstone heigths drive, Suite 210 Austin, Texas 77840
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. 20643 - 2020/12/28
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. 20643 - 2020/12/28