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Money Management at Certain Ages of your Life

post #1 of 4
3/27/12 at 7:58am
Thread Starter 

There is some good information in this article, especially if you are young and just starting to invest.

 

10 Important Ages for Retirement Planning

 

I was not aware of the rule for retirees aged 55 or older that they can withdraw from 401K’s.  This is a nice safety net for Dh and I if he should lose his job again.

 

Are you taking advantage of these age related money management tips?

 

 

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post #2 of 4
3/27/12 at 1:10pm

Well the only one that I am old enough for is the first one at 21 and that has come and gone and I didn't do a good job starting to invest at that age and money I did invest I have since taken penalties and all because I needed the money at the time.  frown.gif  Good info though.  My parents are going to start taking their SS benefits at 62 even with the 25% reduction, they said that the money may not even be there if they wait until they are 66, plus my dad said he didn't want to wait that long to retire, LOL.

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post #3 of 4
3/27/12 at 3:57pm
Thread Starter 

We didn't invest at 21 either.  I don't think we started to invest until we were in our 30's (or at least Dh was in his 30's).

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post #4 of 4
3/27/12 at 4:15pm

I was 28 when I got married and working as a professional in a large corporation so I'm pretty certain I was already investing in a 401k. As a matter of fact, I was a working professional in my 20's when 401k's became law and went into wide use.

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