Your 60s are the 'sweet spot' for retirement plans. Here's why.

Ed Slott & Company Director of Retirement Education Sarah Brenner joins Wealth to share the top considerations for those preparing to retire.

Brenner emphasizes the importance of thorough planning: “Consider all of their options before doing anything” and “Think about all of the possibilities.” While many retirees automatically roll funds into an IRA, she cautions this approach is “not for everyone.”

Brenner outlines alternatives, including maintaining funds in an employer plan or opting for a lump sum distribution.

For individuals in their 60s, Brenner describes this period as the retirement “sweet spot,” noting a key advantage: “You no longer need to be worried about early distribution penalties.” This freedom means “you can take money out of your retirement account on your schedule and not the government’s,” providing greater financial flexibility.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Angel Smith