CLEVELAND - The Average age of retirement in the U.S. is 61-year-old according to Gallup's economy and personal finance survey.

That means it's as important as ever to be making decisions about your financial future in your sixties.

Financial Planner Kevin Myeroff offers the following tips on how to best manage your money in your sixties.

Create a spending plan – Since you will likely be living on a fixed income, it's important to know how much money you have and how much you have to spend.

Review estate plan – Figure out who gets what and how they get it.

Stay out of debt – The only debt you should have is mortgage debt.

Social Security – Know when and how you should apply for social security

Where are you going to live – Think about if you want to stay in your home, get an apartment or move to another town

Healthcare options – Review your options when it comes to insurance and health care options

Practice retirement – Practice spending your finances like you are retired…But still show up for work!