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As a financial professional, you know that age is more than just a number. It’s a pivotal factor in shaping effective tax and retirement plans for your clients. Join Larry Pon, CPA for an enlightening webinar that unlocks the strategic importance of significant birthdays in the financial planning landscape.

In this session, we delve into the crucial ages that mark significant turning points in your clients’ financial journeys. From Age 59 1/2, a vital threshold for retirement account withdrawals, to Age 55, where specific conditions allow penalty-free access to certain retirement funds, each milestone carries weighty implications. We also explore Age 73, the new age for Required Minimum Distributions (RMDs), a shift that can redefine retirement income strategies.

Key Learning Outcomes:

Age 18: Legal Responsibility for Taxes: Individuals become legally responsible for filing their own taxes. This affects filing status and potential tax liabilities.

Age 19 (or 24 for Full-Time Students): End of Child Tax Status: Parents generally can't claim a child as a dependent beyond this age (unless they are a full-time student until age 24), impacting eligibility for certain tax benefits like the Child Tax Credit.

The Surprising Role of Age 21: Uncover the tax planning and financial decision-making opportunities associated with this age, often overshadowed by its social connotation

Age 50: Catch-Up Contributions: Eligibility to make additional catch-up contributions to retirement accounts (like 401(k)s and IRAs) begins, allowing for larger tax-deferred savings.

Age 55: Learn how to leverage the lesser-known provisions available at this age for retirement planning, including penalty-free access under specific circumstances.

Age 59½: Penalty-Free Withdrawals: You can start taking withdrawals from retirement accounts such as 401(k)s and IRAs without incurring the 10% early withdrawal penalty.

Age 62: Eligibility for Social Security retirement benefits begins, but taking benefits early may affect the taxation of these benefits.


*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credit.

Field of Study: Specialized Knowledge

Prerequisites: There are no prerequisites for this session.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

NASBA Approved

Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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