Strange as it may seem, there's a fair amount of folks out there who are planning to not retire. Yes, unfortunately for many this is a non-decision caused by the affordability issue. For others the decision to keep on working is driven by a variety of factors. But planning to not retire doesn't give one a pass on retirement planning. It's still just as important, even though the timeline might be different.
When I work with retirement-aged folks who don't plan on retiring (even when they can afford to), their reasoning is often that they are healthy, enjoy their work, and simply feel no reason to stop. Bucket list trips and personal to-do's? That's what vacations and weekends are for, right? When would they consider retiring? When they can no longer work, stop when they drop, pedal to the metal, etc, etc. Sometimes, it's enough for them to know that they can retire, which maybe makes it easier to get ready for work in the morning. If the boss gets on their nerves one too many times, they can Johnny Paycheck their way out of there and know they'll be fine financially.
If this sounds like you, here are some points to consider:
401(k) and Other Workplace Plans
You can keep contributing to your workplace retirement plan past "retirement age", as plans often allow employees to do this. This means continued tax-deferred saving and, assuming your employer offers it, matching dollars.
Additionally, should you continue working past age 70.5, you should be able to avoid taking Required Minimum Distributions (RMD) each year from your plan and having to pay tax on them. This is typically about 3.6% of your balance the year you're 70.5 and goes up each year after that, so keeping those dollars in your plan can save you money.
This would only be for regular employees, however, not those who own a chunk, or all, of the business. Also, putting RMDs on hold is only allowed for the workplace plan and not other old plan accounts (from former jobs, for example) or IRAs. One idea would be to roll eligible accounts into your current plan to delay RMDs entirely. But first ensure your current employer plan has good quality investment options and is reasonably priced. Workplace plans are notorious for being expensive and, depending on the dollars involved, extra costs could outweigh potential tax savings.