73
Participants must begin taking required minimum distributions (RMDs) from traditional IRAs and qualified retirement plans, such as 401(k), 403(b), and 457 plans. RMDs are based on your account balance and life expectancy. Get Our Guide on RMDs.
70
When you turn 70, you become eligible to receive your maximum Social Security benefit. Your benefits won't increase for any years after age 70, so make sure to claim by this age! Get Our Guide on RMDs.
65 to 67
Individuals become eligible to receive 100% of their Social Security benefit. The age varies, depending on birth year. Get Our Guide on Social Security.
65
Individuals can qualify for Medicare. The Social Security Administration recommends applying three months before reaching age 65. Get Our Guide on Social Security.
62
Workers are first able to draw Social Security retirement benefits. However, if a person continues to work, those benefits will be reduced. The Social Security Administration will deduct $1 in benefits for each $2 an individual earns above an annual limit. Get Our Guide on Social Security.
59½
Workers are able to start making withdrawals from qualified retirement plans without incurring a 10% federal income-tax penalty. Get Our Guide - Why 59.5 Is An Important Age.
55
If you separate from service in or after the year you turn age 55 and have a qualified plan at the job you left you may be able to take distributions from the Retirement Plan penalty free. Be warned the strategy does not work if you move money to an IRA.
50
Workers in certain qualified retirement plans are able to begin making annual catch-up contributions in addition to their normal contributions.
18
Individuals have the right to actively participate in the political decision-making process by choosing between competing people or ideas without fear or reprisal.
16
License holders who are 16 years old may not drive with more than one non-family passenger unless accompanied by a parent, guardian or legal custodian.
