Turning 60 can make retirement feel less like a distant financial goal and more like a deadline that’s approaching quickly. But workers in their early 60s may actually have one of the most valuable retirement savings windows available under current tax rules. Changes created by SECURE 2.0 allow many workers ages 60 through 63 to put substantially more into workplace retirement accounts than they could just a few years ago. Combine that opportunity with IRA contributions, several more potential earning years and important Social Security decisions, and age 62 doesn’t necessarily have to mark the beginning of financial wind-down mode. For someone worried that they haven’t saved enough, the years immediately before retirement can still move the numbers more than they might expect.
