60’s Checklist

60’s Financial Checklist

Have you completed the items from the 50’s checklist that pertain to you?

Ensure your investments are appropriate for this stage of life. Look at consolidating accounts if applicable.

There are many social security options available. Contact a Senior Wealth Advisor at Albion Financial Group to ensure you are choosing the best option for your personal situation.

Will you need medical insurance before you are eligible for Medicare? Contact Medicare at least 3 months prior to turning age 65. You can sign up for Medicare during the 7 month period that begins 3 months before the month of your 65th birthday, includes the month you turn 65, and ends 3 months after the month of your 65th birthday.
Do you have a plan in place for your care as you age?

Set a date and review your credit report each year on that date. Federal law allows you to get a free copy of your credit report every 12 months from each credit reporting agency. Be aware of identity theft and fraud!

Be prepared to begin taking required minimum distributions (RMD) annually from retirement accounts/IRA’s beginning at age 70½.

Pay close attention to your cash flows in retirement. Budget carefully, monitor income and expenses frequently, and take action whenever you see significant changes in your income and expenses.

Understand what assets are owned separately versus jointly. Do you share the same vision for retirement?

Planning in Your 60’s+


As you approach, or begin, retirement ensure your financial investments appropriately match your goals at this stage of life. While in retirement it is especially important to monitor your budget and pay close attention to your cash flows. Explore your available Social Security benefits and options. Choose the best Social Security option for your personal situation with the assistance of a Senior Wealth Advisor at Albion Financial Group. Beginning at age 70½, our advisors can also help you take your annual required minimum distributions from your retirement accounts and IRA’s.

Download Albion’s financial checklist for your 60’s+

Financial Checklists

20’s Checklist

In your twenties, saving for retirement may seem like putting money away for a far-away event, but you will see the powerful effects of compounding as your savings grows over time.

30’s & 40’s Checklist

As life increases in complexity during your thirties and forties, you may be more interested in wisely investing your funds and finding an investment allocation that fits you.

50’s Checklist

Keep yourself organized by gathering a list of your assets and liabilities, reviewing your insurance policies, monitoring your credit report, and making home repairs while you are still working.

60’s Checklist

As you approach or begin retirement, ensure your financial investments match your goals at this stage of life. It is especially important to monitor your budget and pay close attention to your cash flows.