Download Fiduciary Trust's Planning Sixties Article

This paper and accompanying video provide guidance on key financial decisions individuals should consider in their sixties, ranging from determining the best sources of retirement income, registering for Social Security, and revisiting estate plans.

Who Should Read This Piece:

  • Those who are currently in their sixties
  • Family members of those who are sixty-something
  • Advisors of clients in their sixties

Download Our Article and Receive:

  • Key questions to address when planning to enter retirement
  • Considerations about which funding sources to use first in retirement
  • Guidelines on when to begin drawing Social Security
  • Key estate planning decisions to review
  • Tips to protect your identity

Excerpt from the paper:

Your 60s are a good time to revisit your estate plan and make sure your core plan meets your wealth transfer goals and names appropriate parties in key roles. By this time you may be aware of your children and grandchildren's strengths and weaknesses, and are able to make sure your plan appropriately provides for and protects them. Key roles to revisit include who is named as healthcare agent, attorney-in-fact under your durable power of attorney, trustee, and personal representative. You should also review your beneficiary designations to make sure they are still appropriate…

Mentally it can be challenging to switch from an asset accumulation mode during your working years to utilizing your saved resources to support your lifestyle…. Similar to a paycheck during working years, most find it easier to make monthly transfers from investment accounts to a checking account to supplement other income sources…

When to claim Social Security is often debated, with the right answer varying by person. Important factors in the claiming decision include age, marital status, financial need, anticipated longevity, and employment earnings. Most individuals can begin benefits as early as age 62, or can increase the amount of their monthly benefit if they delay taking benefits for any period up to age 70 if claiming on their own benefit…

The four-page paper, written by Fiduciary Trust planning expert Jody King, JD, CPA, and accompanying video go into detail on these and other key decisions to be made in your sixties. Please complete the form on this page to access the article and video.

About Fiduciary Trust and the Author:

Fiduciary Trust Company is a privately-owned wealth management firm focused on families, individuals and nonprofits seeking objective advice to help grow and protect their investments. The firm also provides a range of services to professional financial advisors and single-family offices. Fiduciary’s capabilities include customized wealth planning, investment management, trustee and estate services, and family office, tax and custody services.

Fiduciary Trust has been named “Best Wealth Manager” by Massachusetts Lawyers Weekly readers and “Best Independent Trust Company” by Family Wealth Report.

Founded in 1885 as a family office, Fiduciary takes a personal approach based on expertise, strong performance and a genuine commitment to act in its clients’ best interests. The firm’s client focus has enabled it to achieve a 98% annual client retention rate.

Jody R. King, JD, CPA, is Vice President and Director of Financial Planning at Fiduciary Trust. In this role, she focuses on the integration of estate and financial planning with wealth management for high net worth clients. Jody is a Certified Public Accountant, an Accredited Estate Planner, a Registered Life Planner, and a Certified Divorce Financial Analyst. She has been recognized as a Five Star Professional in Boston Magazine and is frequently quoted as a thought leader in the financial media. She earned her JD magna cum laude at New England Law | Boston and her BA summa cum laude from Doane College.