Your Retirement Decisions Have Consequences
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- Опубликовано: 27 июл 2024
- Your ability to make decisions ages just like your physical body becomes weaker as we get older. Making decisions at whatever stage of life can have unexpected consequences but more so in retirement. "The Tarts And Vicars Diner Book" available to buy from the publisher vicars@telus.net
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The competition to win the book "The Tarts And Vicars Diner" is over we have a winner, congratulations SANDI HUNTER please see our community post for instructions on how to send us your address.
You two seem like such happy and reasonable people. No bluster, just real.
Thank you so much we do appreciate your support in watching and enjoying our videos hav3 a wonderful weekend Cheers 🍷🙂🌺
We've experienced the pitfalls of helping our adult children financially. As parents, we always want to take away their pain and eliminate their problems by throwing cash at them. It's really hard to convince ourselves that it's actually harming them by not allowing them to figure out solutions to the problems they create.
It can be a hard lesson to teach your kids have a wonderful weekend Cheers 🌺🍷🙂
The problem with that is that my parents didn't help me when I REALLY needed it. I think parents with money (my parents would travel once a month) should ensure that their children have health insurance, at the minimum. There was a lot of resentment between us and now they are old and wonder why their children and other family members have abandoned them. That is the worst thing for elderly people. I don't think of them as family anymore and as far as I'm concerned, they're already dead.
It sounds like there is way more to your story than the money. I hope you all can repair your relatioñship before it is too late.
@@jeffw1267whoa. There should be other solutions than a parent ATM. You should question your decisions of where that got you to where you needed that much help.
@@jeffw1267What a SHOCKING thing to read!
Yr post is absolutely shocking!!
It'll be too late and all you'll be left with, is regret.!
The best thing about retirement is every morning feels like a Saturday morning 😁
So true! it’s wonderful isn’t it Susan Cheers 🍷🌺🙂
I worked in the office of a care home for many years and came to the conclusion that if you make decisions ahead, you have choices. If you wait until a crisis, you don't have choices. We are 60 & 65 and are looking very seriously at downsizing (no date decided yet) because of your videos. We had our children at a young age but they are waiting longer to have theirs. We had hoped to enjoy grandchildren in our current property that has a pool and lovely yard but you have really given us a whole new perspective that we have taken to heart.
We definitely would like to own that book!👍
Thank you for all the work you do putting together thought provoking and fun videos.
Great advice, and kids are having their children later
My in-laws refuse to sell their house. They are so frail that they can't climb the stairs and have fallen several times trying to get into the house. Like you mentioned with your parents, now my in-laws are past the age of selling the house. It's a terrible thing to witness.
That is so sad but reality hope you are having a wonderful weekend Cheers 🇺🇸🍷🇨🇦🌺🍺
My husband and I sold our home here in the US and are downsizing from 4200 sq ft to a 1400 sq ft apartment. Whew! What a process it has been and I had tremendous difficulty with anxiety after we made the decision and it became real. We were both surprised at how emotionally fragile I became and I sought a therapist (at my daughter’s suggestion) and started taking an anti-anxiety medication. Now, I a, feeling better and the more we sell and give away, the freer we feel.
Your comment about waiting too late to make such a move is so true. I am 70. If we had waited a few more years, my husband would not have been able to blast me out of this place and it would take our children months to clear out this home.
Thank you for your channel. You are truly an inspiration and source of solid advice.
We wish you all the best with your decision Patsy sounds wonderful we love our apartment , but yes the older you get the harder both emotionally and physically it is to do it Cheers 👍🌺🙂
The money we got from selling our house, conservatively invested, more than pays the rent. Using round figures if you sell your house for 500,000 and get 4% return on the money that gives you 20,000 a year towards the rent. Plus you don't have property taxes, repairs and all the other costs associated with owning a house.
On the other hand house prices have increased by a lot more so we couldn't get back into the housing market and a house gives more security against inflationary rent increases and market downturns. You have to be prepared to move from a rental if the landlord so wishes and that could be difficult and traumatic if you are frail.
We rent from a large corporation they have over 80 buildings in all different locations, it’s there business to rent we would never rent an individual Landlord Cheers 🍷🙂🌺🍺
❤❤❤ I love apartment living. By having someone else worry and take care of maintenance etc I feel like I literally get more life. The older I get the more I don’t want to be bothered by anything. Love your channel. Thx for sharing.
We agree Nikki, you have summed up our experience too, thanks so much for watching. 💕❤️💕
Great points Tina and Norm. My mom moved to a 55+ campus seven years ago after my dad passed. They definitely stayed in their large home too long, into their early eighties. She was in an independent living unit for a few years then assisted living for a year and a half. She thought she wouldn’t like downsizing but ended up loving her life there even after moving into a small assisted living apartment. The campus was beautiful, people and staff were friendly and there were many activities to chose from as well as shopping and restaurants. She passed away recently and I have learned the wisdom of downsizing as one ages.
As we age friendships and socializing are so important beyond home ownership. We were happy for your Mum that she had a great experience.
We were experimenting filming this episode on an iPhone, unfortunately the camera app has some short comings and missed focus and oversaturated the image....back to our usual camera next time until Apple sorts out the iPhone 14 camera software! Thanks for watching we do appreciate it. 😀😀
Ah, the filming was fabulous! 😊👍
Thanks Rusty 🙂
@@ThisIsOurRetirement Welcome!
I never understood grown able bodied adults who have kids relying on their parents for money, that’s an extreme privilege. I’ve always had to work hard and take care of myself and my kid 100% on my own
Sounds like you have done a great job , we never asked ours for money either Cheers 🍷🙂🌺
I really enjoy this couple and their content. Everyone’s situation is different but their conversations explore their decisions and their impact.
We love listening to you both. We have 1 1/2 year until retirement. You have helped us to prepare. Our health is also what we are working on.
Thanks so much Jennifer glad you are finding our videos helpful Cheers 🍷🙂🙂
We could use more people like you in this world.
Thank you so much we appreciate your support Cheers 🍷🙂🌺
Very well said😊. I learned a lot from you too. As we age, we're not able to bounce back easily from consequences of poor decisions.
Well said! totally agree have a wonderful weekend Cheers 🍷🌺🙂
Very good video. My father-in-law made a good decision when he retired. He bought a condo in a good neighbourhood, on a bus line, near a shopping centre. When he died, his widow was in a comfortable situation that she could manage. In terms of decision making, I agree that as we age we can lose some insight. I think it is a good idea to have someone younger listen to our thoughts and see what they think about it.
Sounds like a very considerate person and had a great plan in place for her to be able to cope after the emotional loss Cheers 🍷🙂🌺
Our kids are 49, 46, and 42. The 46 year old daughter moved back with us after 20 plus years away due to health problems. She pays a little rent. We know
people our age (we're in our 70's) who are still working because they can't stop shopping. We're in a 2BR condo near O'Hare airport. Tina, Al's wife
It’s ok to help out when needed we are sure your daughter appreciates your help Tina , thanks for watching have a wonderful week Cheers 🇺🇸🍷🌺🇨🇦
Hi Tina & Norm. I've been away from RUclips for 3 wks because my mother passed away suddenly 💔 on May 25. Trying to catch up on my favorite channels. Oh my the mess we have inherited. Mom lived in same house for 50 years. She has things stuffed everywhere dating back to the 50s. Silly junky things. Even though I had been helping her clean out & organize over past 7-8 years, there was/is still a ton of junk. Please encourage people to give treasured items away before they die, keep clutter to a minimum, and don't keep stuff you no longer need or use.
We are sorry to hear about your Mom Candy 🌺clearing a house like that is a huge job which Norm did also when his Dad past away nice to have you back Take Care 🌺🙂
It is so true as you age you need your money. With high inflation here in Ireland we have noticed our pensions not stretching as far. So you have to be careful with your savings. We already lost a lot on Bank shares before we retired so it has made us cautious. We have no children but were always decent to nieces and nephews now adults. But we only give Christmas gifts now and there are two great nephews which we love buying items for. A car seat is now around 300 euro. But cheques for 1,000 euro, those days are well and truly gone. In fact, one nephew is extremely decent to us which we greatly appreciate.
Have a lovely weekend.
Sorry to hear of your bank loses Mary rose , have a wonderful weekend Cheers 🍷 🇮🇪 🌺🇨🇦🙂
I retired 6 months ago and regretting it, finished all my home projects(not her’s) and looking for a new job!…..nobody want’s me because of my age, I’m going nuts all day alone with her!!!......thinking about starting a channel “Don’t Retire!..Here’s Why” LOL....glad you guys are happy…..keep up your good work!……
Thanks for sharing Mark Oh dear you need to find a new project LOL 😂😂 a You Tube channel is a great idea we are loving doing it Cheers 🍷🙂🌺🍺
I have an elderly neighbor who owns a seasonal second home next door to my second home. It's difficult in that town to find anyone in any contractor or service based line of work that is reliable or isn't part of the "underground economy". It's all "cash".. So when I cut my grass, I cut her grass, when I snowblow my sidewalk and driveway I do hers etc. While I'm a tad bit younger than both of you, I'm kinda sorta thinking about future moves myself and looking at senior type apartment towers.(there's a long waiting list).Since home ownership especially when the home next door or across the street sells , possibly goes rental instead of owner occupied and the new neighbors turn out to be nightmarish , with barking dogs all day, loud music and possibly dealing drugs you look at different living options very quickly.
Well done Mark, helping out a neighbour is awesome. Being able to imagine your future is anticipating and heading off problems.
Love you two; you are so funny. I remember my dad, quite a car guy, fixed up and gave one of my uncles and one of my cousins each a nice looking car. The guys kept the cars for a short time and traded them in on big, fast clunkers. Dad was so angry. I didn't get a car, because parents divorced ... I think of your friend in this light and wonder if he might want to talk to his granddaughter about his pride and joy. She might not view the car as such and might be happier with something else that he could buy for her, allowing him to keep the car he loves. Husband and I are older than you and we have chosen to continue living in a house. We purchased a much newer and more accessible house than the one we raised the kids in. Our thinking is that we own it, it is paid for, and no one can be the pain in the neck neighbor sharing a wall and no one can raise our rent (although taxes do go up) and no one can evict us. Two schools of thought, neither wrong. Thanks for a great video.
Giving cars can so be emotional
Been considering a move to a condo for a while. My paid for house is small but old and falling apart. But even all the repairs don’t cost as much as what they want for rent these days and real estate is astronomical as well. Lot of homeless seniors because of increased rental prices. Seems my only choices are a rock and a hard place.
We are fortunate having rent control ours only goes up about $25 a month on the yearly increase . When looking at Condos just watch the HOA fees we have a video on that coming out soon , good luck with your plans Cheers 🍷🙂🌺
“Throwing away money on rent”😂😂😂 love you two fellow retirees.❤
Thanks Nancy
Story #3 is most important. Always look after ourselves first and foremost. Can't rely on family to look after you and reciprocate the good deed you did for helping them out financially. I know someone, a single mom who contributed her entire life savings to help her only child to buy his first condo. That son did not hesitate to kick her out to the street after she encountered conflicts with his lazy, stay-at-home girl friend who sleeps and smokes all day long.
Wow that’s awful thanks for adding your story a real eye opener have a wonderful day Cheers ☕️🌺🙂
Very sound advice. Also be careful of taking on too much child care for your kids, you can feel pressured into helping them but they can end up expecting you to be a full time carer of your grandchildren that will use up all the time you thought you'd have to enjoy in retirement.
We agree Frank
You guys are a "hoot" !!!! You always make me laugh and smile. Thank you so much ! Stay healthy and safe. And keep the stories coming ! 🤠🍷🍷🍺🍻☕☕🍓🍓
Glad you enjoy them have a wonderful week Cheers 🇺🇸🍷🌺🇨🇦🍺
Dead right Norm&Tina....Interesting remarks. .Agree with you about choices..but a major consideration for me has been finance. In the end seeing the 7 wonders may be just a youtube exercise but we have found great satisfaction in learning history of UK - there are some fabulous places to visit, countryside, seaside, castles, medieval manor houses, industrial beginnings (mills, steam, bridges etc.) etc. I really think the secret to happiness is to see what is around us and appreciate what a world of wonders we truly live in!
Great comment, we need to be reminded of this instead of jetting off too far away lands. Being satisfied, content and happy are valuable traits to have at any age.
10:05 love this. Who ever is reading this, don’t give up. Retirement is when the fun starts!
Totally agree. I retired in April 2023 from 35 years with RCMP. We just returned from 3 months in Asia and now are booked for 6 months in Oceania starting in October. I do have a quick question for the seasoned slow travellers. What options do we have for long term health and travel insurance?
We agree being retired is the best ever and we are loving it , if others can retire early just do it Cheers 🍷🌺🙂
We have a full travel and medical insurance that we pay $329 a year for both of us (covers trips up to 31days ) up to 74 years old .In Canada 🇨🇦 we don’t need health insurance have a great weekend Cheers 🍷🌺🙂
@@ThisIsOurRetirement thank you. We are from Vancouver, so Canadian coverage is no issue. It was the long slow travel overseas that I was looking for. I'll do some research on which company offers such. Thanks again.
Really good life lessons.
I know the feeling. I ordered my Subaru last November and it looks like I won’t get it until July now. I promised my old car to my daughter. Fortunately my car is still going well. Yes, decisions we make have consequences and it gets complicated with family. It’s often difficult to see all the ramifications, but life goes on and we try our best.
Thanks for sharing David, let's hope the car supply works itself out this year.
I’m so grateful we downsized from an acreage property in Sydney to an apartment in Melbourne by the sea, in our early 60’s. If either one passes the other one can easily adjust to the apartment that is already ‘home’. We can walk to every thing we need, it’s wonderful.
I agree totally Re not continuing helping adult kids. I get tempted at times but realise our $$ won’t replenish and they need to make adjustments to their ‘lifestyle’ to cope better financially. It is good for them to learn that they don’t ‘need it all’ now!!
Very good topic today.. Thankyou!
Sounds great and great planning
What a precious and personal gift that granddaughter will receive from her grandfather. So much more personal than 'a new car' which has no history with him. Lucky girl and super cool granddad. Parcels do seem to get lost more often these days I fear. Glad yours surfaced. The book would be awesome- lost 3 kg during our UK holiday and hoping to keep the momentum going. Any encouragement would be most helpful. My bonis mother in law lived till her 92nd in her home (69 years all up) and now lives in a unit with care as she is now wheelchair bound. A sudden change in her circumstance. The house will need to be sold. We sold our house of 4 levels and now live in an apartment- best move ever! After 4 weeks UK we came home, unpacked and enjoyed our balcony. No section maintenance to catch up on. It's called freedom! Thanks for the great chat and wishing you a warm and enjoyable part 2 to this weekend. 😎🥳🇳🇱🙋♀🇳🇿
We know how you feel Anita no worries when you leave to go away and so simple to relax when you get home (except the laundry 🧺 HaHa 😂😂) We also love apartment living allows so much freedom to just enjoy living . Hope you are having a wonderful weekend Cheers 🇳🇱🍷🇨🇦🌺🙂
My husband and I adore your channel! So calming and informative.
Thank you so much! have a great weekend Cheers 🍷🙂🌺
The property prices in the UK have made downsizing a challenge, if we sell our 4 bed house we won’t have enough capital to downsize to a decent small apartment, renting really isn’t an option as rents are high and rising. I suggested that my kids built a granny annexe for us, they were horrified, I was joking😂
Property prices are crazy here in Canada 🇨🇦 too , we are fortunate having rent control definitely helps hope you find a solution Arnold Cheers 🇬🇧🍷🇨🇦🙂🌺
A granny annexe may be an idea Arnold. 😀
We would consider downsizing in the future.. we now understand the old saying of old peoples bungalows... no stairs to climb. Great channel Tina and Norm and greetings from the UK.
Thanks so much for watching!
We were really first-attracted to following your channel when you so effectively validated our own long-range plan of moving from the house into high-quality rental accommodations at some point in our retirement. However now the missus is making noises about the garden work being onerous in the spring time and the house being hard to clean. I told her I already do all the vacuuming, I can do all the garden work, and I still like to shovel a little snow. This week’s “don’t leave it too late” advice was just a wound in my side ! Sorry, but I think I’m going to have to distract madam on Saturday mornings and watch your episodes alone !
Or Steve you could just give in put a plan in place sell the house and find a great rental ( problem solved LOL 😂😂) Cheers 🍷🌺🙂
Woohoo! Thanks for the give away. I need to get off the yo-yo too. My family suffers with obesity and diabetes and though I’ve been thin all my life, aging has made this a whole need game!! Love your channel.
Think the putting on weight seems to be normal as we age , we are fighting that too Christine Cheers 🍷🙂🌺
I would love to receive the book. Thank you for the opportunity. Now that I have been retired for almost six months it’s time to work on my health.
Congratulations 🥳 on being newly retired, yes we all need to work on the health but Cheers 🙂🍷🌺
My husband and I agree (sort of) that we will need to move from our rural property to the nearby small city in the next 5 years or so. Having moved numerous elderly relatives who were in denial about their abilities left it too late, this is top of mind. But lately we are having second thoughts due to the astronomical rent increases in our area, and equally astronomical price increases for condos. It's a tough call.
it is a difficult time to move home
Great video! Oh I bet if your friend had a heart to heart with granddaughter she would understand completely! He could keep his pride and joy and those 2 pick out something together for her. He could simply put it in his Trust to her.
Thanks as always for good retirement advice!
The book sounds very interesting and I would enjoy reading it to improve diet and hopefully live longer in retirement because of it:)
It is an interesting story and dilemma
Side note: Tires need to be replaced every 6 years. The rubber begins to break down ("dry rot") and cracking starts in the sidewalls. All tires have a date of manufacturing date code - more info by googling.
Thanks for sharing Marley Cheers 🍷🙂🚗🍺
Glad you mentioned that. I was going to say the same thing. Old tires can be very dangerous.
I've enjoyed your you tube channel and the positive attitude regarding retirement.
You both are the cutest couple ever.
Thanks for the positive retirement info.
My husband and I live in Winnipeg and recently retired.
Our pleasure! Congratulations 🥳 on your retirement Cheers 🍷🌺🙂
I recently just found your channel. Lots of great information. I just turned 70 and hubby is 73. We are in the downsizing process and considering moving into a senior apartment community. It is so hard to give up your house that you worked all of your life for but I can see hubby struggles doing things that he used to do without thinking about it.
We agree it’s difficult we went through the same thought process
My advice is when you give something treasured as a gift, don’t expect the receiver to have the same attachment. My 80+ dad gave a truck to my son who liked the gift but hated driving a big truck, paying a lot in gas and it did not fit into his building parking. Most of all, my son was busy with school and work and although he maintained the truck well it was not washed and waxed weekly like grandpa had. Most of all, my son wanted “his own” car, not driving grandpas pride and joy. Plus, to some people (my son as an example) a car or a house is NOT an extension of your identity, to others it is a tool, and you swap out tools as you need them to suit needs- especially when you are building your life and still forming that identity versus having a strong identity.
Thanks for sharing your story have a great weekend Cheers 🍷🙂🌺
I have been yo yo dieting for years. I am not heavier than ever. Love your Johnny Cash, Norm.
Glad you liked Norms shirt have a wonderful weekend Cheers 🍷🙂🌺
I have commented before and would love to comment again to perhaps when this. At retirement, if we want to enjoy a long healthy time we need to focus on our diet and exercise and health.
We agree Patty have a wonderful weekend Cheers 🍷🌺🙂
Always good food for thought. Great discussions. Keep up the good work guys. Xx
Thanks so much!
Great advice I will listen to regarding “helping” with money.
Glad it was helpful! have a great weekend Cheers 🍷🙂🌺
Thanks for sharing the stories. Keep up the good work supplying us with free educational retirement tips and entertainment.
Our pleasure! have a great weekend Cheers 🍷🙂🌺🍺
Lovely information as always. Thanks Norm & Tina....!!!
Our pleasure! enjoy your weekend Terry Cheers 🍷🌺🍺🙂
Love your candid stories and the help you offer to others. Thank you,Tina/Norm for sharing your time with us.
Thanks for watching we do appreciate it
You two deserve gifts 🎉
Thanks for your contribution to the retirement conversation!
Thank you s much!
I really enjoyed the topics today. Thanks.
Glad you like them!
Hey Tina and Norm, always love watching your videos and for this one today, I would love the tarts and vicars book because since I've semi-retired, my diet and exercise routine has been in an upheaval to say the least. My life has gotten extremely active and I tend to eat on the run and don't slow down to enjoy my food choices more often and take time for important foods like veggies and less sugar. Anyways, keep up the great Saturday videos, and looking forward to your next one..Bye for now..
Thanks for watching have a wonderful weekend Cheers 🍷🌺🙂
So happy your packages arrived. Happy ending! Good story about thinking more about our decisions. Thanks for all the great videos.
You are so welcome! have a great weekend Cheers 🍷🌺🙂
We are in a one floor house ! We made fun about scooting through this house in a wheelchair one day and thirty years later the time is almost here as the legs problem keeps getting worse ! I think I mite switch with my kids two bedroom two bathroom apartment and they take the house as my daughter loves the house so much ! She is our only child and In a short time I feel , we will have to make that decision for her , husband and two kids and our selves ! It will be a huge adjustment but at least we have that to consider ! They would just have to pay their mortgage to their bank until the apartment is payed for ! I will not contribute to that ! We helped them set it up with down payments on both side of their family! It is so hard to own a piece of real estate in Vancouver that if you like you child to be around in your life , you must try to help them and luckily we could do that ! The older you get the less money we spend ! We did only do one contribution when they bought their place and now it’s up to them . But the grand kids , they gets less too with spending money on them ! No more shopping with grandma as I can’t stand up for long ! Well for everyone it’s a different situation of course and we hope we get to stay a little longer in the house as husband loves to garden . But on the long whole , it looks that that plan mite have to become a reality one day if life permits us and as we get older ! How kind of the lady to send you the book ! And too bad it got to sit at your post box 8 months ! Let’s be unnest , you could of been on perfect weight for the sumner Norm and Tina ha ha just kidding ! Well I think that both of you are perfect already and at a older age don’t do any drastic dieting as things mite trigger ! Thank you for being here for us to compare and exchange stories! It is nice to read what other people our age are doing with their life’s ! Thank you so much again ! ❤👍
That actually sounds like a great plan doing a swop house for apartment with your daughter if the money side works out ! hope you have a great weekend Cheers 🍷🙂🌺☕️
@@ThisIsOurRetirement it will , we have pensions and some real estate in Vancouver! So we will be just fine ! Yes enjoy your weekend too Norm and Tina ! And we look forward to see you again when ever you can in a vlog ! You are doing a great thing for us retirees !
Hi Ellen. Please make sure you and your husband get legal/estate advice. I am no expert, but if there are advantages and disadvantages to handling this situation, you need to be aware of them. Please check into things legally.
Love your new ‘do Tina! And thanks, as always, for your informative videos. 😊
Thanks so much! 😊 your very welcome Cheers 🍷🌺🙂
Thanks for the insightful stories. We bought a vehicle that was the pride and joy of a grandfather but the grandson had not taken care of it so the father was selling it so that his father would not see the state of the vehicle. Somber story. Thanks again for the the experiences.
Our pleasure! have a wonderful weekend Cheers 🍷🌺🙂
Always watch your videos guys, keep making them they keep us all entertained.
Thanks David
Very insightful podcast , you guys rock ! 🇨🇦
Thanks Elizabeth!
Look forward to your videos. As a recent retiree they are entertaining and more importantly educational. Thank you for sharing.
Our pleasure! have a great weekend Karen Cheers 🍷🌺🙂
Always sound and helpful advice. Thank you.
Glad it was helpful! have a great weekend Dave Cheers 🍷🙂🍺
The knowing when to move is a tough one. We have been in our house 36 years, we moved here when our oldest daughter was 4 and our youngest had just turned 2 the month before. At 1,200 sq ft (111 sq metres) it's not a large house but has suited us for all these years though we did big reno 15 years ago so it was in tip top shape for our retirement. Now our grandchildren, 8, 6 and 1, come regularly to visit us at the same house their mothers grew up in. We both turn 70 this year and logically, in our minds, we know a move is coming in the next few years (to a condo maybe?) but it is daunting to think about actually moving. Honestly, I don't know how we'll finally decide it's time to move. Perhaps it's like knowing when to retire, one day you just know.
It is a big move to downsize from the family home but we looked at it as a whole new chapter we were 60 and 58 it was time for new owners for our home . We have never looked back life is so different we can go travel whenever we want no stress or worries of home ownership it works for us . Yes you get the feeling you know it’s time to do it ( don’t leave it too long ) Cheers 🍷🌺🙂
When we turned 70 we sold our house and moved to a beautiful adult community..still bought a new house, but facilities for grass cutting and snow clearing are readily available. About two years before we moved, we started getting rid of 'stuff' that we didn't need anymore, and really started emptying and decluttering our house, but we did it gradually and by the time we made our decision to move, it was so much easier...it is never too early to start the process...
@@annekennedy8127after seeing this video, among others and just general thoughts, my wife and I had a good discussion about when to move. Current thinking is to move within the next 5 years, it will still be hard to leave the home we will have owned and loved for 40 years by then. We are only the 3rd owners of this 1958 house, it's a very stable neighbourhood we live in. When we moved in all those years ago almost all our neighbours on the street were still original owners, the woman next door, in her 90s now, is in fact an original owner. You don't see that much anymore.
@@annekennedy8127 An update... We've been kicking around what to do knowing it was getting nearer to the time we should move but I have to say we were really unsure after going on 40 years in our current home. After this discussion, and on some other blogs I follow and participate on, we understood that for sure staying in your house too long can be a problem and we were getting to that point. We started looking at condos shortly after this video was posted and we quickly narrowed down what sort of condo we wanted and where. I am happy to say we have an accepted offer on an adult condo building about 2km from where we live now and our house goes up for sale next week. The cost of buying the condo is about 30% lower than what the real estate people valued our house at so even after expenses there should be cash in the bank at the end of the move. It's not even really a downsize as the condo square footage is about the same as our house. It's the right thing to do.
I am pondering topic number 2. Sell the house and downsize. I'm 67. Not quite there but maybe before 75?
Something to think about, have a nice weekend
My husband and I really enjoy your videos. Your outlook on life and retirement mirrors ours!
Glad you like them! have a great weekend Darlene Cheers 🍷🌺🙂
Good stuff! Hope the fires are under control and air quality improves.CHEERS from HERE!!!
It’s slightly better today still hot and muggy Darryl , the air advisory not there today which was good as we got to see our Granddaughter play Soccer ⚽️ Cheers 🍷🌺🍺
Definitely one of your best videos. These are conversations that need to be had for us in retirement…or close to retirement. Thanks for sharing!!
Thank you your very welcome have a wonderful weekend Cheers 🍷🌺🙂
Yeah i agree. Don't be blinded by love to get yourself in hot water over. Im so glad i found this channel because Tina and Norm have made retiring and those type of decisions manageable.
Glad you enjoy our channel Cheers 🍷🙂🌺
Always the most insightful topics well presented. Can't wait to see you hit 100K subscribers :)
Thanks Paul we would love it ❤️and be very excited to get 100K subs have an awesome weekend Cheers 🍷🌺🍺
Wonderful stories, your videos are always relaxing and interesting!
Thanks so much Carol have a great weekend Cheers 🍷🙂🌺
Such sound advice. I couldn’t agree with you more.
Thanks for watching Cheers 🙂🌺🍷
Hi Norm and Tina, we have been enjoying your videos since 2021 from SouthernCalifornia. Thank you for sharing your insight as you go before us in your retirement living. Always a little nugget to take away. I agree with be careful what you promise, so true! And Tina you look great in Fushia! Love the Rocker Graphic Tees Norm, very hip and todays style!
Thank you Melissa we appreciate your support in watching our channel have a great day Cheers 🍷🙂🌺🇺🇸🇨🇦
Remember you are the voice of people who live in a country that has ‘rent control’. Your experience of not owning your own home is very different in Canada to most other countries. In N Z the IRD definition of poverty is paying rent in old age. So long as I am sound in mind and body I will be living in my own home, the tax free capital gain on increased value is essential to a comfortable retirement.
If rent was so awful where do people live on low incomes.The idea that rents rise so hugely every year is just false. Property owners would not find tenants..
Poor people are rent subsidised by the tax payer, making rentals unaffordable for ordinary working people.
I love watching you two. I'm retiring at the end of this year and have gotten many good tips by listening to you. Thanks and keep advising us! ❤
So glad you enjoy our videos Merenie have a wonderful weekend Cheers 🍷🌺🙂
I’m retiring too Merenie at the end of the year , yeahhh .
im learning a lot on stories and advises you shared. Helping me to feel not guilty in selling my house, leaving all the memories. Now im getting more confident to downsize. Thank you very much, all love from Germany.
We are glad you find our videos helpful, we are so glad we sold our house and really enjoy renting our apartment building new memories have a nice weekend 🍷 🇩🇪 🙂🇨🇦
I guess that finding an apartment that is in a larger more stable building is important. When I think of renting, my first thought is that of the dumpy low cost apartment that we stayed at trying to save up a down payment for a house back in the 80's. It was a 5 family house with the landlord living on the first floor and their adult daughter with her family on the 3rd. We and another couple had apartments on the 2nd floor. There was also a small studio apartment on the 1st floor. These landlords were like slum lords! Half the time I'd come home filthy from work to find that the water or hot water wasn't working. Being a tradesman myself I would offer to repair what it needed if they just paid for or obtained the parts. They always refused and the old guy who owned it would tinker around for days before it was patched. Luckily I had family in the next town where I could go to shower! It was a nightmare living as a tenant this way and the 80's were a housing bubble in the US. I finally found a place that needed a bit of work but gave me the chance to start. I put a lot of work into the place but it's my own. After renting under those conditions, I dread the thought of being a tenant again! It sounds like you have found a place that wouldn't present the problems that I did. After 36 years I'm starting to lose the enthusiasm of being a homeowner though I do prefer not to nave neighbors too close! 😊
Times have changed, do you think Manhattan apartments are dumpy?
@@ThisIsOurRetirement I guess that it would depend upon where in Manhattan that you're talking about. I wouldn't want to live there, but would expect that most apartments would be smaller than in the suburbs.
As a recently retired person in Montréal, your channel resonates with me. The book sounds like something I would enjoy, yo-yo is my middle name!
Congratulations 🥳 on your retirement Julie have a wonderful weekend Cheers 🍷🙂🌺
Thank you for these we all know it takes lot's of work to do this. Have an awesome day.
Thank you! You too! Cheers Alan 🍷🙂🍺
I am hooked on your videos - you give great advice. I have now taken the plunge and retired at 59. I’m financially independent and it makes sense to spend valuable time travelling and spending time with family and friends. Book looks an interesting read.
Congratulations Jay!
We just love ❤️ your videos. Thanks for sharing so much. Love to have a copy of Shannon's book because it's time to get more healthy. 🎉
Thanks for watching Cheers 🌺🙂🍷
I started watching you both back in March when you took your train trip across Canada. I love how you talk about everything and keep it real. I would be interested in the draw for the book please. I completely agree about selling the house and renting. I still have my parents and inlaws and fortunately they rent. Take care!
Awesome! Thank you! you are in the draw Leslie Cheers 🍷🙂🌺
I absolutely love listening to your chats. You are so thoughtful and so wonderful. You give me such great advice as a 53 yr old widow. My husband's near last words were "I hope you can pass the house on to the kids". UGH! Me too! But there is a lot of equity in the house and I must finish raising them. I also need to survive another 40-60 ;) years. I appreciate the steps you've taken and how thoughtful you are. May I ask? Did you have a huge tax bill when you sold your place? Not sure how it compares to us Americans... That is something I must consider.
Sorry to hear about your husband Sandie , no we didn’t in Canada 🇨🇦 when you sell your house there is no tax on your primary residence. Have a great weekend and Take Care 🍷🙂🌺
@@ThisIsOurRetirement Wow! How nice that there are no capitol gains taxes. It is about 37% here (I think?) and with homes appreciating it's quite a chunk to give to the government :(
It’s always a pleasure to watch your videos. I really enjoy you both. I sure could use a book like that,, if I won I would pass it on to someone else who would like to read it.
Entered! thanks for watching Debbie have a great weekend Cheers 🍷🌺🙂
Great points. I especially consider the downsizing important - as I don’t have kids. I am trying to plan ahead as much as possible so that I can both enjoy my senior years, but also protect myself as best as possible. You were very smart to push back on your kids too - as you say, many people just become the parent bank and then don’t have anything to fall back on themselves.
Hi Fiona, Just trying to share ideas so everyone has the chance to think things through. You are obviously on top of things
Love your channel Tina and Norm.
Thanks so much have a wonderful weekend Cheers 🌺🍷🙂
I’m retiring on Friday after 20 years of working at a very stressful job. I would love to start off with my retirement by focusing on my health and well being. Reading the book would be a great start to my healthy retirement journey. Thanks to you both for your informative videos. By the way Norm, I would love to see your camera collection. I collect cameras too and hope to continue during my retirement.
Congratulations 🥳 on your retirement we wish you a happy new chapter in your life Cheers 🍷🌺🙂
Great shirt, Norm! I have always admired Johnny Cash and his music. I met his daughter several times at parties in Nashville -- really nice person.
We love Johnny Cash too 🎸have a wonderful weekend Cheers 🍷🎸🙂🌺
Keep up the good advice!
Thanks, will do! have a wonderful weekend Cheers 🍷🙂🌺
My wife and I love your videos. We are new to retirement so appreciate your information.
Thanks so much Sean
I just recently retired at 60 and I have been watching you for the past few years. I really need to start changing the way I diet and therefore of course this book would be helpful. Have a great week!
Congratulations 🥳 Sandra on your retirement have a wonderful week Cheers 🍷🙂🌺
Hello Tina & Norm! I would love the book as I have been struggling with my weight due to thyroid disease. I just love listening to you two 🥰
Thanks Brenda have a wonderful weekend Cheers 🍷🌺🙂
Totally agree with you Tina and Norm, great video content, there is many ways to live life and we all have choices and decisions to make and directions to take and each of those choice and decision have consequences on our life’s in the future.
So true Daniella glad you enjoyed it have a wonderful weekend Cheers 🍷🙂🌺
Great video today! Loads of good information and wise advice. I've got the countdown app on my phone and we're just under a year away from my retirement!
Countdown app to retirement sounds great Mary , we are sure it will go fast thanks for watching Cheers 🍷🌺🙂
We have a 2008 Honda CRV with 168,000 miles that looks brand new and we love the car, Our grown up daughter has an old Subaru with about 200,000 miles but is very rusty and nearly passes inspection. She works in the school cafeteria, so she can't afford any kind of car. As a single mom with a preteen we told her we would give her our car. But, like your friend, we can't find a car we can afford. So, for the time meaning her car still runs (thanks to some duct tape and coat hanger wire). But we know there will come a time when we will have to give her the car.
Any gift has to give to both parties we wish you well have a wonderful Cheers 🍷🌺🙂
Always happy to see you guys. 🤩🤩 I have made many retirement mistakes. Esp my home. I’m single and overwhelmed by home repairs 😢 . I want to move but fear and trepidation dogs me. Thanks for the advice .💕
Sometimes the fear is worse than actually doing it Mari , sit down jot down what you would like to do and see if you can put a plan together Cheers 🍷🙂🌺
I like this style of video and they are all good points you brought up. Not only are you doing your children a favour by not giving them money because they learn to be financially responsible earlier but you’re left with less yourselves and they may need to turn around and provide for you financially down the track. In our case it is also our Dads that are against the idea of downsizing for various reasons even though our Mums are happy with the idea. I would say enjoy the rest of your weekend but when you’re retired every day is a weekend 😊
Thanks Danielle
As relatively new retirees we love enjoying our first coffee of the day in bed and listening to your channel. As always you have sage advice which often follows our own line of thinking.👍
Wonderful congratulations 🥳 on enjoying your retirement ☕️have a great weekend Cheers 🍷🙂🌺☕️
Great talk today guys!
So glad you enjoyed it , hope you are both having an awesome weekend Cheers 🇺🇸🍷🙂🇨🇦🌺
Such relevant and appropriate points. Strategic planning and thinking will diminish with age, which is to be expected. Also losing the impetus to move home when you really should. Recognising this earlier in retirement should help you plan for that future. Thanks for raising such great points.
Thanks for watching and commenting Dean have a wonderful weekend Cheers 🍷🌺🙂
👋 Good morning, Tina & Norm! I have recently retired and could sure use Shannon's book!! ❤
Good morning Denise