Your 60s
Financial planning in your 60s: execute and enjoy
What women in their 60s ask me
- Do I have enough to retire?
- Will I run out of money?
- When should I stop working, or cut back?
- Should I spend more now, while I can still do the things I've put off?
- When should I claim Social Security?
- What do I do about health insurance before Medicare?
How planning helps in your 60s
- Building an income stream from your savings and investments.
- Planning the order you draw from accounts so you keep more after taxes.
- Deciding when to claim Social Security.
- Understanding health insurance options, including Medicare.
- Planning for relocation, long-term care, charitable giving, and legacy.
Your retirement income should make sense to you
I completed my RICP® (Retirement Income Certified Professional) designation in 2024. I want you to see how your spending holds up if markets have a bad year, and what we'd adjust if they do. A single "probability of success" number doesn't tell you that.
It's planning for the years when your savings, Social Security, and any pension replace your paycheck. We decide how much you can spend, which accounts to draw from and when, how to handle taxes and required minimum distributions, and how to cover health care and long-term care.
It starts at $6,000 a year, paid monthly, and it's an ongoing service that updates as your retirement changes.
A few years ahead is ideal. That leaves time for decisions about saving, Social Security, health insurance, and taxes that are hard to undo once you've stopped working.