As you plan for #retirement, consider taking these steps which could help you maximize your #retirement earnings. Make note of these 7 key deadlines. bit.ly/37muO89 1/8
Age 50. At this age, you can make “catch-up” contributions to your 401(k), IRA and a few other types of plans. (Click for the 2020- 2021 contribution limits.) bit.ly/3gPDIhv 2/8
Age 59.5. At this point, you’re freed from the early withdrawal additional 10% federal tax—although, early withdrawals could still sacrifice potential growth, so use caution. Merrill does not provide tax advice. 3/8
Age 62. At last, you’ve reached the minimum age to begin receiving Social Security benefits. Learn about delaying your benefits: bit.ly/3r370xG 4/8
Age 65. Now, you can apply for Medicare. Sign up during one of the designated annual enrollment periods to avoid getting hit with premiums. bit.ly/3r334wS 5/8
Age 66. This is full retirement age (if you were born between 1943 and 1954). Now you’re entitled to receive full or unreduced benefits—but waiting a bit longer has its benefits. 6/8
Age 70. If you delay Social Security until your 70th birthday, you can get a larger monthly benefit. 7/8
Age 72. The last key deadline: you have full access to what you’ve saved, and you’re required to start drawing down. Talk to your advisor and review the #CARESAct for the latest guidance. bit.ly/2LGJsyD 8/8
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