Retirement plans are good but retirement strategiies are better.This article, 12 Important Retirement Planning Deadlines, by Emily Brandon was published on the US News & World Report website on May 6. It serves as a good reminder of key ages and how they impact your retirement planning:  50, 55, 59 ½, 62, 65, 66, 67, 70 and 70 ½. In addition to those ages, key dates to remember include:

December 31:  Make 401(k) contributions for the current plan year by December 31. Most required minimum distributions must also be taken by December 31 each year to avoid the 50% tax penalty.

April 1:  This is the deadline for your first required minimum distribution from a 401(k) or IRA.

April 15:  Tax filing day is also the last day you can make an IRA contribution to apply to the previous tax year.

Want to know how these ages and deadlines affect you? Contact us at 206-386-5455 or send us an email. Whether you are 35 or 85, the retirement planning experts at SFM Advisors can help.

To your wealth,

Joe Maas, CFA, AVA, CFP®, ChFC, CLU®, MSFS, CCIM
President of Synergetic Finance

Joe Maas