Dear Nadontheway,
Thanks for your post!
As to your questions:
1) My advice is that you apply in R2 with your present GMAT score of 610, including a note to your target schools (likely via the optional essay) that explains your plans to retake the test (ideally in early/mid January). Indicate that you will furnish them with the score as soon as you have it, etc. Since most schools will happily add a
new score to your file post-application, this strategy would enable you to avoid R3 (incredibly low odds for acceptance) and retake the test too. Of course, some of the nuance here in terms of your strategy would be better teased out if I knew more about your background (grades, ugrad attended, work exp, XCs), but that's my basic take given the information you have provided.
2) At age 32, with a 610 on the GMAT your odds at any top 10 school are presently rather slim. Assuming you bump the GMAT up by about 100 points or so, it is possible that some top programs will come into range (Tuck and Kellogg are on record as liking more experienced candidates, HBS and Stanford are on record as preferring younger applicants). Of course, without any knowledge of your work exp., XCs or academics it is really hard for me to offer you advice or pinpoint your odds of admission, etc. The truth is that at age 32, in this year's admissions cycle, applying in R2, you will need an absolutely stellar application to crack the top 10.
Feel free to send along more details (e.g. your resume) to
[email protected] if you'd like to set up a free chat with one of our counselors.
Best of luck,
Graham