26 Adult children may lose parents’ health insurance coverage under the Affordable Care Act
50 Eligibility for Catch Up Contributions begins
55 Eligibility for Distribution of 457 plans and SEPP begins
59.5 Eligibility for Distribution of Qualified Plans (IRAs, 401Ks and 403b plans) begins on your 59.5th birthday
60 Surviving Spouse eligibility begins for reduced Social Security benefit
62 Eligibility for reduced Social Security benefit begins
64 and 9 months Eligibility for coverage under Medicare. Medicare Enrollment begins 3 months before your 65th birthday and ends 3 months after your 65th birthday.
65 Eligibility for non-medical withdrawals from HSA without penalty begins on your 65th birthday
67 Eligibility for Full Social Security benefit
70 Eligibility for Maximum Social Security benefit. Eligibility begins your birth month, your benefit starts the next month, and benefits are paid the month after they are due.
70.5 QCDs may be taken after your 70.5th birthday
RMD age
You are required to take RMDs from pre taxIRAs and employer-sponsored retirement plans from your Required Beginning Date (RBD) until your longevity age. Depending on your birth date, the Required Beginning Date (RBD) for pre-tax IRAs and employer-sponsored retirement plans is as follows:
If you are born:
Before 1/1/1951, your RMDs have already begun
Between 1/1/1951 and 12/31/1959 your RMDs must start at age 73
After 1/1/1960 your RMDs will begin at age 75
You can view your personal milestones in the Lifetime Income Projection chart.
