Ages 55, 59 1/2, 62, and 65 have implications for retirement.

Age 55–the first age one could retire with 30 years employment.

Age 59–individuals are allowed to take money from their qualified plans without penalty.

Age 62–earliest Social Security retirement age.

Age 65–normal retirement age.


Reproduced from National Underwriter Life & Health/Financial Services Edition, August 4, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.