Financial Planning Timeline

The financial planning timeline helps to identify potential strategies to prepare an effective and efficient plan. While individuals and families have unique financial goals and circumstances, these key dates provide a framework to help make better informed financial planning decisions.

Age 50

Annual catch-up contributions

Age 59 1/2

Gain Tax Control
No 10% Penalty
Possible In-Service Rollover
Ordinary Income Tax

Age 62

Early Social Security Eligibility
Reduced Benefit

Age 65

Medicare Eligible

Age 66-67

Full Retirement Age

- Social Security Strategies

Spousal Benefits
Restricted Application
File and Suspend

Age 70

Delayed Social Security
Benefit Credits

Age 70 1/2

Lose Tax Control
Required Minimum Distibutions (RMD)
Ordinary Income Tax

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