59 1/2 Why Is This Age So Important?

Some research suggests you should have at least $1 million in retirement savings to get you  comfortably through a 30-year retirement.

Some retirement savers say there’s a 45% chance  they expect to run out of money sometime during  their retirement. In fact, 22% of baby boomers (those  born between 1946 and 1964) report having less than $25,000 in retirement savings.

If your retirement savings are not quite up to par, the  IRS provides a catch-up clause that applies to people  over the age of 50.

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59 1/2 Why is This Age So Important?

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