License To Spend

Retirement Milestones: Key Birthdays That Shape Your Financial Future (Ep. 13)

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We all age, but some birthdays mean more than just another candle on the cake—they’re critical for retirement planning.

This week, Tim Whisler dives into the crucial ages that play a pivotal role in retirement planning, from critical decisions starting at age 50 to the implications of reaching 70 ½ and beyond. 

You’ll learn how these age milestones can influence your financial strategies, including the importance of catch-up contributions, understanding Social Security benefits, and managing required minimum distributions (RMDs). 

Tim discusses:

  • The significance of turning 50 and utilizing catch-up contributions
  • Accessing retirement funds penalty-free at age 59 ½ through in-service distributions
  • Social Security strategies starting at age 62 and the impact of earnings on benefits
  • The importance of 65 for Medicare and guidelines for required minimum distributions starting at age 73
  • And more!

    • Connect with Tim: 

    • ​​(309) 291-0491
    • Email: Tim Whisler 
    • LinkedIn: Tim Whisler, CRPC®, CLTC®
    • The Whisler Agency
    • LinkedIn: The Whisler Agency

      • Book a Call with Tim:

      • Schedule a call

        • Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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        License To SpendBy Tim Whisler
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