Some retirement decisions have windows. Once they close, they're closed.
A hypothetical I use often: a couple, 61 and 60, planning to retire at 63.
They've thought hard about their savings and almost not at all about the calendar. Between 59½ and the year required distributions begin, there's a stretch where several timed decisions overlap: when to claim Social Security, whether any pretax
money should become Roth money, and what income shows up in the year Medicare looks back on.
The trade-off with timing is honest: choosing early can mean smaller checks for life; choosing late can mean drawing more from savings in the meantime. Neither is wrong. What matters is seeing which windows are still open before deciding.
Which of these ages is closest for you?
My website: www.dwfinancialgroup.com
