NEXT QUARTER CENTURY

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Retirement Inflection Points

RETIREMENT AGES ROADMAP

Age

WHAT

Reason

55

LTC PLANNING

Kids "independent"

59.5

IRA LIQUID

No 10% penalty

62

SS AVAILABLE   

75% of FRA

64.75

FILE MEDICARE A/B/D/ MEDIGAP

3 months before 65

66-67

SS FULL RETIREMENT AGE (FRA)

Spousal max/ no earnings test

70

SS MAX

Schedule Item Body

70.5

REQUIRED MINIMUM DISTRIBUTIONS BEGIN

IRA wd OR 50% tax

80

LONGEVITY ANNUITY STARTS

Defer RMDs/ boost LTC $

Sequence of returns-risk

Wade Pfau's chart shows the SOR at the start of retirement-year 30. If the first 5 years are negative market returns your retirement might be ruined. Therefore have a cashlike buffer to protect against this risk so you don't need to sell in a downturn.