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Reaching your 60s marks an important time to focus on retirement planning. Since it’s often considered the final stretch before leaving the full-time workforce, we’ve outlined five ways you can help facilitate a smooth transition and pursue a strong financial future.
Your 60s are a wonderful season of life, one where you’ve built up a wealth of wisdom and you’re looking forward to the sunset years around the corner. It can also be an ideal time to have clear and thoughtful guidance when planning for your long-awaited and well-earned retirement ahead. Let’s get you started!
Key Steps for Retirement Planning in Your 60s:
Now is the time to assess when you’d like to retire and what steps are needed to reach that goal. Thoughtful planning can help foster a comfortable and fulfilling retirement in the years to come, and give you confidence today.
Action steps:
Once you’ve taken stock of your financial situation, think about whether it’s sustainable and aligns with your retirement goals. The last thing you want is to suddenly find yourself having to be uncomfortably frugal in some of your finest years.
Action steps:
Retirement calculators are a quick and easy way to capture a realistic view of your savings versus future needs, especially when it comes to planning for long-term care.
As you approach retirement, consider making the most of any savings opportunities. Contributing more now, while you're still able, can help you build a stronger financial future.
Action steps:
It’s worth reiterating: retirement is best enjoyed with minimal financial stress. Therefore, prioritize paying down debt to reduce your monthly obligations and improve your financial freedom.
Action steps:
After retirement, many people choose to continue working or delay Social Security payments to increase their monthly benefits. These decisions may provide extra financial cushion.
Action steps:
Your 60s are a critical time for retirement planning, which is why it’s important to work with an experienced financial advisor who can connect with you regularly to help navigate the process and make informed decisions. Schedule a free one-on-one consultation today, and start planning confidently for the years ahead.
From starting early to consulting an advisor, see five helpful tips for strengthening your savings and your future.
Streamline your retirement planning and pursue a strong financial future by exploring the ins and outs of Roth and traditional IRAs.
Experience firsthand how our estate planning checklist can help you preserve your legacy and provide for loved ones in the event of your passing or incapacitation.
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