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5 retirement milestones you should know about

Deciding when to retire is a major decision for most working Americans. Retire too early, and you risk outliving your savings. Retire too late, and you risk limiting the extent to which you can enjoy your leisure time in fairly good health. Here are five retirement milestones to consider as you contemplate the ideal age to make your exit from the workforce. 1. Age 59 1/2 If you have a retirement savings account like a 401(k) or IRA, 59 1/2 is the earliest age at which you can begin withdrawing money without penalty.
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