Retirement Planning: Know These Important Ages

Retirement Planning: Know These Important Ages

If you're eligible to participate in a health savings account, or HSA, age 55 is when catch-up contributions start. Because you get a tax break for funding a traditional 401(k) or IRA, you're required to leave that money in your retirement plan for a certain period of time. This is the earliest age you can sign up for Social Security -- though it's not necessarily the best age.