Take a look at you, at different life stages.
Current
This is you, today.
Age 50
Catch up on contributions.
Age 55
Taxes consideratrions in retirement. Most Americans experience critical illnesses.
Age 59 1/2
Penalty freee access to qualified retirement.
Age 62
Early Social Security benefits (up to -30%). Taxable. Lifetime choices.
Age 65
Apply to Medicare to avoid lifetime penalty.
Age 65-67
Full Retirement Age (SS taxes, 50%, 85%, delayed +8%/yr)
Age 73*
Required Minimum Distribution (50% penalty)
U.S. Life Expectancy
Females: 81.7 years
Males: 76.6 years
Ref: worldometer
*Keeps on changing.