How To Plan For Retirement In Your 60s?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   If by planning in your sixties you mean start planning, then you're working until age 70, not taking Social Security until age 70 and and required minimum distributions at age 70 1/2. If you mean you're ready to retire, do the same for maximum income with Social Security and more money to set aside for retirement by working longer. The #1 risk to retirement is human longevity. You'll need the extra money.

   Answered on August 14, 2013

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