Waiting until your Social Security full retirement age (FRA) to start taking benefits ... penalties from your tax-deferred IRA. Retirement Calculator: How Much Do I Need to Retire?

Plus, Medicare kicks in at age 65, which eliminates the need to work for health insurance, and full Social Security retirement benefits are available at age 66 or 67, depending on your birth year.

Age 65 can be a significant one in the context of retirement. You can sign up for Medicare at 65 ... it means you're reaching your full retirement age this year. That's important, because full ...