You can make IRA withdrawals penalty-free
Once you reach 59.5, you can withdraw funds from your individual retirement account without restrictions or a 10 percent withdrawal penalty from the federal government. Even if you’re older than 59.5, it’s still refreshing to know you can still contribute to your IRA and not have to suffer from actually using the money.
I’d say this is a strong enough reason to enjoy retirement!
You can travel on the cheap
Now that your children are all grown up and left the nest and you‘ve recently joined the retirement community, you can go on holidays whenever you want instead of waiting for the most expensive times of the year, like summer or official holidays. You’ll find way cheaper travel packages to destinations that are less crowded and expensive.
“Vacations are cheaper at other times of the year,” said Sara Zeff Geber, a Santa Rosa, Calif., retirement coach. You can enjoy a city-break in a famous European city or go on a cruise to an exotic destination without having to worry about prices!
