When you are younger, you rejoice every stage together the journey to independence: understanding to drive at age 16, registering to vote at age eighteen, and boosting a glass to toast your 21st birthday. But there are milestones to rejoice as you technique retirement also.
Our guidebook can help you understand essential ages and how to greatest prepare for them so you can get pleasure from what you labored tricky to reach.
So kick back again, put your toes up, and rejoice these seven ages—cake optional.
Rejoice: You can withdraw from your IRA and 401(k) with no penalty
Age 59½ might be truly worth a tiny party. Just after you achieve this milestone, you can withdraw from your regular retirement accounts with no staying issue to a 10% early withdrawal penalty.* Keep in head you’ll nevertheless owe federal money tax on your withdrawals.