Whether or not you’ve stopped counting birthdays, some milestone ages are critical when preparing for retirement.
Here some are questions to consider –by age– so you can make the best decisions for your retirement goals!
You can count on us to be with you for each milestone. Feel free to talk to your advisor at any step of the journey.

AGE 50

Contribution Limits for Retirement Accounts Increase

  • How much am I contributing to my retirement account(s)?
  • Should I be contributing more?
  • How much will I need to save for retirement?

AGE 55

Contributions to Health Savings Accounts (HSAs) Increase

  • Am I eligible for an HSA
  • What is the maximum amount I can contribute?
  • Should I increase my contributions?

AGE 59 ½

Penalty-Free Withdrawals from Retirement Accounts Begin

  • Do I need to start taking distributions or should I continue to let the account grow?
  • If I take a distribution, what are the tax implications?

AGE 60

Surviving Spouse Eligible for Social Security Survivor Benefits

  • When should I start collecting Survivor Benefits?
  • Should I update my Social Security strategy?

AGE 62

Eligible for Social Security Benefits

  • Should I start taking a reduced benefit off my work record?
  • What is my Social Security strategy to get the maximum benefits over my expected lifetime?

AGE 65

Eligible for Medicare

  • Am I still covered under a group health insurance plan, either from my or my spouse’s employer
  • Do I know when I need to sign up?
  • Can I still make HSA contributions?
  • Will my income require me to pay higher Part B premiums?

AGE 66-67

Social Security Full Retirement Age (FRA)

  • Should I start taking benefits off my work record?
  • What is my Social Security strategy to get the maximum benefits over my expected lifetime?

AGE 70

Delayed Retirement Credits for Social Security Benefits Stop

  • If I haven’t already, how do I sign up to begin benefits off my own work record?

AGE 73*

Required Minimum Distributions (RMDs) Begin for Most Retirement Accounts

  • What retirement accounts qualify for RMDs?
  • What are the penalties for not taking RMDs?
  • Have I considered doing Qualified Charitable Contributions (QCDs)?

* RMDs will begin at age 75 starting in 2033


  • Are my estate plan and POA documents up-to-date?
  • Do my current goals and actions align with my Retirement Plan?
  • Have I outlined a Social Security strategy to maximize my benefits
  • Do I have a tax-efficient drawdown strategy for retirement income?
  • Should I consolidate my retirement accounts?

Download Your Copy of Our Milestones to Retirement Checklist