Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last.
When you are older, “and-a-half” birthdays start making a comeback. 事实上, 从50岁开始, several birthdays and “half-birthdays” are critical to understand because they have implications regarding your retirement income.
50岁, workers in certain qualified retirement plans are able to begin making annual catch-up contributions in addition to their normal contributions. 参加401(k)计划的人, 403(b), and 457 plans can contribute an additional $6,2021年，每年500美元.1 Those who participate in Simple IRA or Simple 401 (k)计划 can make a catch-up contribution of up to $3,000 in 2021. And those who participate in traditional IRAs can set aside an additional $1,000 a year..2,3
59岁½, workers are able to start making withdrawals from qualified retirement plans without incurring a 10% federal income-tax penalty. This applies to workers who have contributed to IRAs and employer-sponsored plans, such as 401(k) and 403(b) plans (457 plans are never subject to the 10% penalty). Keep in mind that distributions from traditional IRAs, 401 (k)计划, and other employer-sponsored retirement plans are taxed as ordinary income.
At age 62 workers are first able to draw Social Security retirement benefits. However, if a person continues to work, those benefits will be reduced. The Social Security Administration will deduct $1 in benefits for each $2 an individual earns above an annual limit. 2021年，收入上限为18960美元.4
At age 65, individuals can qualify for Medicare. The Social Security Administration recommends applying three months before reaching age 65. It’s important to note that if you are already receiving Social Security benefits, you will automatically be enrolled in Medicare Part A (hospitalization) and Part B (medical insurance) without an additional application.5
65 - 67岁
Between ages 65 and 67, individuals become eligible to receive 100% of their Social Security benefit. 年龄因出生年份而异. 1955年出生的人, 例如, become eligible to receive 100% of their benefits when they reach age 66 years and 2 months. Those born in 1960 or later need to reach age 67 before they’ll become eligible to receive full benefits.6
根据安全法案, 在大多数情况下, 当你72岁时, you must begin taking required minimum distributions from a Traditional Individual 退休 Account (IRA) and other defined contribution plans. You may continue to contribute to a Traditional IRA past age 70½ under the SECURE Act as long as you meet the earned-income requirement.
Understanding key birthdays may help you better prepare for certain retirement income and benefits. 但也许更重要的是, knowing key birthdays can help you avoid penalties that may be imposed if you miss the date.
1.The catch-up limit is adjusted in $500 increments.
2. If you reach the age of 50 before the end of the calendar year.
5. SSA.政府,2021. Individuals can decline Part B coverage because it requires an additional premium payment.
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