Skip to content
Archived education Original educational reference · read-only · dates and third-party information may be historical
PGWFinancial
Menu
Preservation library guide/resource
About this archived educational page
All Guides
Retirement Income Cornerstone Guide

Retirement Planning at Age 60

At 60, the decisions get concrete. Here's how to turn your savings into a real income plan in the final stretch.

Updated June 8, 2026 9 min readRetirement Income
Original infographic in development: Retirement Planning at Age 60

At 60, retirement moves from a someday goal to a near-term reality. This is when a vague plan needs to become a specific one.

This guide covers the key decisions in your early sixties — income, Social Security timing, and bridging to Medicare.

Turning savings into an income plan

Mapping your expected expenses against your income sources.

Social Security timing decisions

Weighing claiming early, at full retirement age, or delaying.

Bridging the gap to Medicare

Planning healthcare coverage if you retire before 65.

Stress-testing your plan

Checking whether your plan survives market downturns and a long life.

This guide is for general educational purposes only and is not financial, tax, or legal advice. Tim Hartle is an independent insurance professional. Annuity guarantees are subject to the claims-paying ability of the issuing insurance company and are not FDIC insured. Rules and product features vary by situation and by state. Please consult a qualified advisor about your own circumstances.

Frequently Asked

Can I retire at 60?

Many people can, but it requires planning for healthcare before Medicare at 65 and making your savings last potentially 30+ years.

Should I claim Social Security at 62?

Claiming early permanently reduces your monthly benefit. Whether it's right depends on your health, other income, and overall plan.

How do I cover healthcare before 65?

Options include marketplace coverage, COBRA, or a spouse's plan. This is a key gap to plan for if retiring before Medicare eligibility.

Apply This to Your Own Plan

Schedule your complimentary, no-pressure Retirement Income Review with Tim. Call (727) 692-5866 or book below.

Annuities are insurance contracts. Guarantees, including guaranteed lifetime income benefits where available, are subject to the claims-paying ability of the issuing insurance company. Product features, fees, withdrawal restrictions, and surrender charges vary by contract.