So many people don't know how to approach retirement. The thing is, if you have some plans, you can step right into it with some gusto. I never would have dreamed when I was 75 what I would have accomplished when I was 80.

Sometimes we talk about old times or about the difference between today and yesterday. We talk about everything but politics; I banned that.

Older adults receive a considerable number of perks that enhance their lives, but that shouldn't be just a free ride at retirement. Forget the old idea that you are entitled to simply rest and enjoy yourself. At that age, you potentially have another productive 10 years. There should be some feeling of obligation attached.

Retirement funds are the security that you're building up over the course of your working years and you don't want to put them in jeopardy. So if a person is going to do that, they should really make sure that the payback is there, that the means of paying back the loan is there.

It's critical that people begin to think about and plan for retirement.

Turning 60 is generally a big mental milestone for many people. Even if their retirement isn't imminent, it's a lot closer. They start to think about it.