Im 62 1/2. Was planning to work a job I love till at least age 67. But the management in the past year has changed and become VERY toxic. I hired a CFP 6 months ago due to the toxic culture at work to see if retirement was an option and at my second meeting with him, he told me I could have retired two years ago. So I kept that card in my back pocket hoping against hope that things would turn around at work. Well it didnt and I just gave a 4 week notice to resign yesterday. Talk about a ton of stress that evaporated instantaneously. Whew! August 2nd cant come soon enough!
@@shanasvensson7384 I am retired but a common problem is some people can do many tasks well. They leave and they have to hire many to replace that person. I have seen the way they combat being the person of many hats. They do the standard job well and they do the other extra jobs poorly. They are forced to have someone else do the work or they have to hire people to do the work.
Similar to my experience. I started late with retirement savings and experienced several layoffs post-50 years of age, so planned to work until 70. Change in management made my workplace unbearable. Left at 68 and doing fine.
A lot of people may be living longer, but a lot of people are not living better. Just look around and you see that workers are fatigued, mental fog, limping, wearing wrist splints, etc. People are not healthy and are not happy.
Indeed,Thats why wealthtrack youtube content i get informed by veteran investors in the stock market etc These two guys are unclear on the subjects they chose.lol And are not logical on many things like this for example.
Retired at 62 and I see no reason to work. I enjoy not working. I also found that when I saved enough that it was the same amount of money as working, why not retire. My main focus is on my kingdom not the employer's kingdom. The thing I discovered is I am living on social security. The people in skilled trades I know 40-45 years old that save and invest money are looking at retiring at 55 years old. They are not looking at 62 years old. If you have to do some work in retirement you have so many options. People are constantly asking me to do this or that job. They can't find people to do the work. I can't stress enough to save money to retire early and retire even if you need to work part time!
You are correct fellowman.I am approaching 42 and i will be retiring in 6 to 7 years to thailand.At 62 my nest egg would grow into around 700k solely from compound interest.And i know exactly what self fullfillment is personally for me.Damn working like a slave in my golden years.
I'm a little bit past 62 and am planning on greatly minimizing my hours...I'm tired of working with the younger generation...most have no work ethic and they shift as much work to me as possible, so I end up working way too hard, because I have standards. Their society is going to fall apart once we all retire for good...C'est la vie!!
Getting out before that. Going in my late 50s. Coming up quick. Months left. WHohooo ! A lifetime of not playing the consumerist gameshow has afforded us many trips around the world, time with family and friends and doing the things we like and want to do. So no need to work for a paycheck anymore, my money works for me, not the other way around.
I’m 60 and definitely plan on throwing in the towel at 62. No part time work either. I have a pension and well above average savings ( 401k, IRA, HSA, and cash). No debt or no mortgage.
I am a nurse and have already semi retired at 62. Considering giving my notice to quit all together tomorrow. Nursing is very stressful, mentally and physically. I currently work 3rd shift and that will kill me early. Every time I help lift a 200+ patient, I pray I don't permanently injure my back. I have been looking for a little part time job not related to health care. The health care system is broken in so many ways. I am having doubts about it. We don't have that million dollars saved. My husband is still working and is four years younger than I am. He doesn't want to retire until 70.
I'm also registered nurse and unfortunately I had to go on disability when I was 50 years old. I agree it's a horribly stressful job physically and mentally especially if you're working in a hospital. People have no idea of the difficulty and I always told myself I wanted to have enough money to have a private nurse. LOL but that didn't happen. I hope you find a more suitable part-time job because there are many things out there that are enjoyable besides taking care of people. And don't get me wrong I never could think of another thing I'd rather do than take care of people that were sick but it's a shame of how the system works, and that there aren't more people to share the load.
I’m a nurse also. I retired at 68, my FRA. The last few years of work, during Covid, were brutal. I wish I would have been financially able to retire at 62. The stress of the last few years of work has left me with my own health issues that I have to deal with and negatively impact my energy level and activity tolerance during retirement.
@@sallyprzybil2404 I was a nurse for 30 years and retired at age 62 and let my license to expire. I had to make some sacrifices, but it has been worth it. I work part time in a non medical field, but am now mortgage and debt free. Life is good.
You guys are gems. Thanks so much. I was all set to retire at 67. Then at 62, I got a dog and have a sick cat and took up horseback riding. My daughter is independant and doing great. But animals can really derail frugal living. I love them so much though! A show on reconciling retirement and expensive hobbies would be amazing.
Buy pet insurance to cover unexpected costs. A person near me walks dogs for a living. I would expect that part time dog walking would make good money and do what you love. To retire at 62 can be done even with smaller savings.
I'm getting out when I'm 62. When you're laid off at 60, it's difficult to find people who will hire you anywhere near the level that you were working previously--even if you're experienced in senior management and technology. Making meh at a meh job: I did that 40 years ago. With less time remaining, you're now just trading off 'quality of life' for a little extra money. Plus, you see people around you, just a few years younger, who are already starting to have serious health issues.
I retired at 60 no money to speak of but the stress has gone and I'm as happy as hell, will claim at 62 and a small pention and it will be just over what i would have gotten had i waited til 67 so I'm calling that good. No regrets lifes short and the freedom to go and do as i like makes it way better than any money would have been
Retiring doesn't always mean you're no longer working or earning an income. I started my own small business in 2020 at age 60 and decided to take Social Security and pension benefits early at age 62 because my revenue fluctuates from month to month while my benefits are consistent. My business profit supplements my benefits and expenses are tax-deductible. My living expenses are low so I can invest much of my benefits to offset the reduction while I have financial security, no commute, less stress...best decision ever!
People realize their good years are coming to an end so just live on less and enjoy your time rather than slaving away for a corporation that doesn't give a crap about you and will likely force you out anyway
I’m 45 and hope to retire by 60. I have 600k in my 401k and invest about 13k a year. I can always work part time or per diem as a nurse, but I look forward to choosing my own schedule.
I panicked when I turned 60 and realized I had ZERO saved for retirement and $40K in debt. I lived paycheck to paycheck, had no assets, never learned to invest or live on a budget. So I got busy fixing the problem. I made a budget, cut expenses to the bone, paid off all my debt and started my own home-based business. Fast forward 4 years, my business is generating more than I made at my job, my SS/pension benefits earn 5.25% in a HYSA and I'm living a comfortable, debt-free life. It's never too late to turn things around.
Don't over complicate retirement. Give yourself an honest answer (guess) of when you'll die. Divide that by what you have in savings and that's what you can spend annually. I'm not factoring in Social Security. The complicated part is, are you ready to start that next chapter in life?
Question 62 in five months all most 900k not a big spender still have a mortgage wife is 62 she has no plans on retiring soon what is your opinion on this?
Many couples have one retire before the other...usually the one still working feels more pressure to retire to join the spouse. You might be able to maximize Social Security in this situation as well.
I am 44 and I am hoping to retire or at least semi-retire before 50. The whole “lying flat” movement in China and FI-RE movement in the USA is more visible to the younger generations. The ambitious ones are accumulating early and the less ambitious are comfortably living on less. And of course many maybe struggling and trying to figure it all out.
Painting with a broad brush here. Sure maybe somebody who's a you tuber may decide to work longer, bit there are people who work in factories, or work in trades doing physically demanding jobs I guarantee aren't planning on working any longer than necessary 😊
People are sick of paying into a system that just gives the money away to other countries, lazy moochers and they realize you really only get about 10 years of somewhat healthy years if they’re lucky.
Why was this video posted? I'd help those looking to retire early AND those planning on dying at their desk. I'm running a business, and the money is green either way. But since you guys are so happy at your jobs and can't understand early retirees, I suppose they should work with a different firm. Otherwise, you could have given a few tips on retiring by 62 or even a few tips on why that might be a bad idea. Not just a video showing how you don't understand anyone who doesn't have a Puritan work ethic.
Im 62 1/2. Was planning to work a job I love till at least age 67. But the management in the past year has changed and become VERY toxic. I hired a CFP 6 months ago due to the toxic culture at work to see if retirement was an option and at my second meeting with him, he told me I could have retired two years ago. So I kept that card in my back pocket hoping against hope that things would turn around at work. Well it didnt and I just gave a 4 week notice to resign yesterday. Talk about a ton of stress that evaporated instantaneously. Whew! August 2nd cant come soon enough!
More common than you think!
Same here barely hsnging on with staff redux and inceeasing workload.
@@shanasvensson7384 I am retired but a common problem is some people can do many tasks well. They leave and they have to hire many to replace that person. I have seen the way they combat being the person of many hats. They do the standard job well and they do the other extra jobs poorly. They are forced to have someone else do the work or they have to hire people to do the work.
We often show people that they can retire sooner than they planned. It's quite liberating.
Similar to my experience. I started late with retirement savings and experienced several layoffs post-50 years of age, so planned to work until 70. Change in management made my workplace unbearable. Left at 68 and doing fine.
A lot of people may be living longer, but a lot of people are not living better. Just look around and you see that workers are fatigued, mental fog, limping, wearing wrist splints, etc. People are not healthy and are not happy.
Indeed,Thats why wealthtrack youtube content i get informed by veteran investors in the stock market etc These two guys are unclear on the subjects they chose.lol And are not logical on many things like this for example.
Retired at 62 and I see no reason to work. I enjoy not working. I also found that when I saved enough that it was the same amount of money as working, why not retire. My main focus is on my kingdom not the employer's kingdom. The thing I discovered is I am living on social security.
The people in skilled trades I know 40-45 years old that save and invest money are looking at retiring at 55 years old. They are not looking at 62 years old.
If you have to do some work in retirement you have so many options. People are constantly asking me to do this or that job. They can't find people to do the work.
I can't stress enough to save money to retire early and retire even if you need to work part time!
You are correct fellowman.I am approaching 42 and i will be retiring in 6 to 7 years to thailand.At 62 my nest egg would grow into around 700k solely from compound interest.And i know exactly what self fullfillment is personally for me.Damn working like a slave in my golden years.
I'm a little bit past 62 and am planning on greatly minimizing my hours...I'm tired of working with the younger generation...most have no work ethic and they shift as much work to me as possible, so I end up working way too hard, because I have standards. Their society is going to fall apart once we all retire for good...C'est la vie!!
Getting out before that. Going in my late 50s. Coming up quick. Months left. WHohooo ! A lifetime of not playing the consumerist gameshow has afforded us many trips around the world, time with family and friends and doing the things we like and want to do. So no need to work for a paycheck anymore, my money works for me, not the other way around.
Living within your means is perhaps the biggest success factor. Great job! ruclips.net/video/SGCxZiq2Yu0/видео.html
I will be 62 this year and I am saying good bye amigos! Done
SS@62 and work PT…no regrets🎉. Get it while you can people!
I’m 60 and definitely plan on throwing in the towel at 62. No part time work either. I have a pension and well above average savings ( 401k, IRA, HSA, and cash). No debt or no mortgage.
That pension is more valuable than many realize. Great job. ruclips.net/video/SAWqVu6Qfsc/видео.html
I am a nurse and have already semi retired at 62. Considering giving my notice to quit all together tomorrow. Nursing is very stressful, mentally and physically. I currently work 3rd shift and that will kill me early. Every time I help lift a 200+ patient, I pray I don't permanently injure my back. I have been looking for a little part time job not related to health care. The health care system is broken in so many ways. I am having doubts about it. We don't have that million dollars saved. My husband is still working and is four years younger than I am. He doesn't want to retire until 70.
Inform your husband of all the under 70 years old that die in the hospital everyday, maybe that’ll change his mind.
I'm also registered nurse and unfortunately I had to go on disability when I was 50 years old. I agree it's a horribly stressful job physically and mentally especially if you're working in a hospital. People have no idea of the difficulty and I always told myself I wanted to have enough money to have a private nurse. LOL but that didn't happen. I hope you find a more suitable part-time job because there are many things out there that are enjoyable besides taking care of people. And don't get me wrong I never could think of another thing I'd rather do than take care of people that were sick but it's a shame of how the system works, and that there aren't more people to share the load.
We often help nurses and usually plan for early retirement, mostly due to burn-out. The problem is there is such a need for nurses in our country.
I’m a nurse also. I retired at 68, my FRA. The last few years of work, during Covid, were brutal. I wish I would have been financially able to retire at 62. The stress of the last few years of work has left me with my own health issues that I have to deal with and negatively impact my energy level and activity tolerance during retirement.
@@sallyprzybil2404 I was a nurse for 30 years and retired at age 62 and let my license to expire. I had to make some sacrifices, but it has been worth it. I work part time in a non medical field, but am now mortgage and debt free. Life is good.
You guys are gems. Thanks so much. I was all set to retire at 67. Then at 62, I got a dog and have a sick cat and took up horseback riding. My daughter is independant and doing great. But animals can really derail frugal living. I love them so much though! A show on reconciling retirement and expensive hobbies would be amazing.
@@katherinesmith235 sounds like a great topic. Thanks for the idea!
Buy pet insurance to cover unexpected costs. A person near me walks dogs for a living. I would expect that part time dog walking would make good money and do what you love. To retire at 62 can be done even with smaller savings.
I'm getting out when I'm 62. When you're laid off at 60, it's difficult to find people who will hire you anywhere near the level that you were working previously--even if you're experienced in senior management and technology. Making meh at a meh job: I did that 40 years ago. With less time remaining, you're now just trading off 'quality of life' for a little extra money. Plus, you see people around you, just a few years younger, who are already starting to have serious health issues.
I retired at 60 no money to speak of but the stress has gone and I'm as happy as hell, will claim at 62 and a small pention and it will be just over what i would have gotten had i waited til 67 so I'm calling that good. No regrets lifes short and the freedom to go and do as i like makes it way better than any money would have been
Retiring doesn't always mean you're no longer working or earning an income. I started my own small business in 2020 at age 60 and decided to take Social Security and pension benefits early at age 62 because my revenue fluctuates from month to month while my benefits are consistent. My business profit supplements my benefits and expenses are tax-deductible. My living expenses are low so I can invest much of my benefits to offset the reduction while I have financial security, no commute, less stress...best decision ever!
People realize their good years are coming to an end so just live on less and enjoy your time rather than slaving away for a corporation that doesn't give a crap about you and will likely force you out anyway
We are planning on getting out of the work game in our early 50s. Have to continue to save aggressively and invest in the market!
I’m 45 and hope to retire by 60. I have 600k in my 401k and invest about 13k a year. I can always work part time or per diem as a nurse, but I look forward to choosing my own schedule.
I panicked when I turned 60 and realized I had ZERO saved for retirement and $40K in debt. I lived paycheck to paycheck, had no assets, never learned to invest or live on a budget. So I got busy fixing the problem. I made a budget, cut expenses to the bone, paid off all my debt and started my own home-based business. Fast forward 4 years, my business is generating more than I made at my job, my SS/pension benefits earn 5.25% in a HYSA and I'm living a comfortable, debt-free life. It's never too late to turn things around.
Which bank are you using for the high yield?
Don't over complicate retirement. Give yourself an honest answer (guess) of when you'll die. Divide that by what you have in savings and that's what you can spend annually. I'm not factoring in Social Security.
The complicated part is, are you ready to start that next chapter in life?
Simple retirement plans of the past are appealing. ruclips.net/video/SAWqVu6Qfsc/видео.html
I retired at 54. Taking SS this year at 62. Just fine.
Question 62 in five months all most 900k not a big spender still have a mortgage wife is 62 she has no plans on retiring soon what is your opinion on this?
Many couples have one retire before the other...usually the one still working feels more pressure to retire to join the spouse. You might be able to maximize Social Security in this situation as well.
I’m in my 50s and plan on retiring by 60
I am 62 and went to part time and plan to Retire at end of the year?
62 for my husband and 55 for me. We have 4 more years.
I am 44 and I am hoping to retire or at least semi-retire before 50.
The whole “lying flat” movement in China and FI-RE movement in the USA is more visible to the younger generations. The ambitious ones are accumulating early and the less ambitious are comfortably living on less.
And of course many maybe struggling and trying to figure it all out.
Painting with a broad brush here. Sure maybe somebody who's a you tuber may decide to work longer, bit there are people who work in factories, or work in trades doing physically demanding jobs I guarantee aren't planning on working any longer than necessary 😊
Retired 14 years ago at 44 and no regrets
Wow!! How are you doing it. Pension, 401,.
@@violabrown1459 wife and I have military pensions and no debt. Haven’t touched investments yet.
"Simple" retirements often include pensions. ruclips.net/video/SAWqVu6Qfsc/видео.html
My son who is 28 is on track to retire at 50. Worst case 55.
People are sick of paying into a system that just gives the money away to other countries, lazy moochers and they realize you really only get about 10 years of somewhat healthy years if they’re lucky.
profit over safety.
Why was this video posted? I'd help those looking to retire early AND those planning on dying at their desk. I'm running a business, and the money is green either way. But since you guys are so happy at your jobs and can't understand early retirees, I suppose they should work with a different firm. Otherwise, you could have given a few tips on retiring by 62 or even a few tips on why that might be a bad idea. Not just a video showing how you don't understand anyone who doesn't have a Puritan work ethic.