Birthdays start to lose a lot of the excitement they had when we were younger, but that doesn’t mean certain ages aren’t worth celebrating a little more than others as we get older. That’s especially true as it relates to retirement planning because there are a handful of birthdays that will present you with new opportunities.
As we take you through the most important birthdays in retirement planning, you might be aware of some of them, but we find that most people don’t know about everything we’ll discuss. But you want to be prepared for each of these ages because there are planning decisions that need to be evaluated with your advisor, and that’s what we’ll do on this episode.
What We Discuss Today:
1:17 – 50
4:09 – 55
5:23 – 59.5
7:40 – 62
10:20 – 65
12:32 – 66 or 67
13:45 – 72
15:32 – What you can do right now?
“Compounded interest, which is tax-deferred interest, actually grows a lot faster than taxable income.” – Spiros Vassilakos