Investor Education | Birthday Benefits
Comedienne Lucille Ball once said:
“The secret of staying young is to live honestly, eat slowly, and lie about your age.”
The first two points may be good advice, but when it comes to eligibility and potential financial benefits, it’s important to know the rules and opportunities for your real age.
Can you match these ages to their related milestones? (One age has to be used twice.)
_______ 1. Eligible for full Social Security benefits for those born between 1943 and 1954
_______ 2. Earliest age to make catch-up contributions to a traditional IRA or an employersponsored retirement plan
_______ 3. Eligible for maximum Social Security benefit
_______ 4. Must begin taking required minimum distributions from most tax-deferred retirement plans
_______ 5. Eligible to enroll in Medicare
_______ 6. Earliest age to make catch-up contributions to a health savings account
_______ 7. Eligible for full Social Security benefits for those born in 1960 or later
_______ 8. Eligible to withdraw money from a tax-deferred retirement plan without incurring a 10% federal income tax penalty
_______ 9. Earliest eligibility age to begin collecting reduced Social Security worker benefits
_______ 10. Can no longer contribute to a traditional IRA
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Learn More | Contact Our Investment Specialists
Investment Consultant
Tam Hubert, CFP®, CFA
Investment Assistant
Kristi Remus
