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Retirement news you can use
Age 50
We want to make sure we do all we can today to add more to your retirement
plans. If you are age 50 or above take advantage of the Catch-up Limit (Age 50
and older). Traditional limit $6,000 or the Roth $6,000. You can take
advantage of some of our secure retirement accounts that will accumulate from 7
to 8% for retirement income.
Age 59 1/2
You're approaching a key milestone in terms of retirement planning, and there
are interesting options allowed by the IRS. You can now withdraw assets from
retirement plans and IRA's without a 10% penalty. You have five years to accumulate
as much as you can, and secure the assets from risk. Check with your employer
about in-service rollover opportunities.
Age 62
This is the earliest date most individuals start taking Social Security
benefits. However if you take advantage of this option you will receive a 25%
permanent benefit reduction. Your approaching a important age to start income
planning.
Age 65
Make sure you sign up for Medicare on or about 3 months before your birthday.
This is a big birthday in terms of retirement planning. You need to talk to us
about distribution income strategies and beneficiary planning. You should secure
all the money you have saved in 401(k), retirement plans and IRA's from adverse risk.
Securities offered through Centaurus Financial,
Inc., Member FINRA
& SIPC, Supervisory
Branch: 801 Sycolin Road, Suite 302, Leesburg, VA. 20175
(800) 699-0299.
This is not an offer to sell securities, which may be done after proper
delivery of a prospectus and client suitability has been reviewed and
determined.
Insurance solicitations are
intended for residents of the states of California, Wisconsin and Illinois ONLY. This
website is not intended solicitation in any other state.
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