Nick Hopwood is a Certified Financial Planner, Founder, and President Peak Wealth. PeakWM.com.

1.) The 8 most important ages for retirement planning: 50- eligible for catch up contributions for retirement plans 55 – withdrawals allowed from former employer 401 w/o the 10% early withdrawal penalty 59.5- can withdraw Ira Money without the 10% penalty 62- partial social security may begin 65- Medicare 67- full SS benefits

70 – Max SS benefits 73- required minimum distributions must start

2.) Simple visual showing the gap in income between salary and social security/ required min distributions. See image 

The solution to a successful retirement is to have money besides Ira money to live on during this period. Either a joint brokerage account or a Roth but I prefer joint brokerage account