Reported 1 day ago
At age 59½, Americans can take advantage of new financial options that can help prepare them for retirement. Withdrawals from retirement accounts like 401(k)s and Roth IRAs are no longer subject to a 10% penalty, allowing for greater flexibility and strategic financial planning. This is also an ideal time to consider Roth IRA conversions, pay down debt, and increase retirement savings, ensuring a comfortable lifestyle moving into retirement.
Source: YAHOO