A 64-year-old individual is considering retirement next year with $140,000 in savings, $260,000 in a retirement fund, $2,200 monthly rental income, and $700 in Social Security. By working an extra year, retirement income could increase from $3,600 to $4,600 monthly. Advice suggests selling rental properties for a better return. If annual expenses exceed $4,345, working longer is recommended. Factors to consider include Social Security benefits, longevity, and expenses. Full retirement age for those born in 1960 or later is 67. Consider retirement activities as a transition and carefully weigh the decision.

Read more at Yahoo Finance: I’m 64 with $400K in savings and $700 in Social Security. Can I retire next year?