09/19/2026
US Money Moves That Matter After 60
Turning 60 marks a new chapter in financial decision-making, where every choice can significantly shape the next few decades. I often remind families that while the core money principles remain the same, the margin for error narrows as we approach retirement. Scam protection rises to the top of the list—older Americans are facing higher risks and losses, so it’s wise to pause, double-check unexpected requests, block unwanted callers, and hang up on anything that feels off. Health care planning also deserves a fresh look each year; with retirement medical expenses for a 65-year-old estimated at $172,500, selecting the right plan and supplemental coverage takes on new urgency. For those on a fixed income, I’ve found that regular budget check-ins and a thoughtful drawdown strategy can help manage withdrawals, taxes, and longevity concerns, while keeping debt to a minimum preserves flexibility and peace of mind. Layering in diversification, a healthy emergency fund, careful expense tracking, strong credit, and up-to-date documents creates a foundation for long-term stability. And don’t overlook the value of open family conversations—including naming a financial power of attorney—to ensure your wishes are clear. As someone who guides families through both college and retirement planning, I see how proactive steps now can safeguard your financial future on all fronts.
