Biggest Dangers In Retirement - The Forgotten Details

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  • Опубликовано: 28 окт 2024

Комментарии • 386

  • @Aaroncarter55726
    @Aaroncarter55726 3 года назад +24

    I’m 70 and have been in retirement since 2007 after being a surgeon for 29 years, and over those past 14 years, I have taken up hiking, swimming, traveling, and just completing my bucket list. Life’s good in retirement

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +3

      That is awesome 👏 why did it take us all so long to know that life in retirement is fantastic have a great weekend Cheers 🍺🌺🍷

    • @msbarb1
      @msbarb1 3 года назад

      On my way to doing this, sounds awesome to me

    • @845722144
      @845722144 3 года назад

      Keep it up, we are getting younger , med-beds are coming, we are first generation that can live for ever, think what you really want to do in the next 200 years...

  • @sudburydrone466
    @sudburydrone466 Год назад +2

    👍👍✌️ Glad to say we have a will. Was a while back should go in and take another look at it. Just copied all my passwords and sent to my daughter to add to her copy of the will.

  • @Freedomthirtyfiveblog
    @Freedomthirtyfiveblog 3 года назад +43

    The 2 biggest dangers in retirement according to Tina and Norm.
    1. Dying without a will.
    2. People you leave behind not having access to your passwords.
    Both excellent points.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +5

      Thanks for watching it’s strange but when you have a personal tragedy, makes you think 🤔 how important passwords are especially when you don’t tell anyone, have a great weekend Cheers 🍺🌺🍷

    • @marg6196
      @marg6196 3 года назад +1

      Wont this summary encourage viewers to click out? Doesn't this hurt the creators?

    • @Freedomthirtyfiveblog
      @Freedomthirtyfiveblog 3 года назад +5

      ​@@marg6196 It's actually been shown that viewers like to come back to channels that outline the summary either in the video description or comments section. Ideally viewers want to watch every video by the creator, but sometimes they simply don't have the time so it's nice to see a summary first, and decide later on whether or not to watch the full video. 🙂

    • @Binatasj
      @Binatasj 2 года назад +2

      @@marg6196 Not necessarily. I still watch Tina and Norm's vlog even though somebody already summarized their points in the comment section.

  • @Susancshell
    @Susancshell 3 года назад +6

    My husband and I just updated our 25 year old wills. I also have a notebook with all the details and info of all insurance policies, life insurance, retirement, bank accounts, everything I could think of that my spouse or children will need, and yes online passwords. You two are such a cute couple. Love your videos!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thanks so much for watching you sound very organized which is great have a great weekend 🌺🍷🙂

  • @connieseward8773
    @connieseward8773 2 года назад +2

    Ahhhhh... the good old days. I was telling my daughter only yesterday about the wonderful times when there were no cell phones. no FB, no Instagram, etc. and no password onslaught. I have a love-hate relationship with our current technological times. Such wonderful advancements but I dislike immensely the amount of time in my life I have spent entering passwords, remembering passwords, recovering passwords..... you get the picture! lol! Thanks for your great videos!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      So true! we are all quick to forget Connie that there was life before cell phones and FB , and everyone talked around the dinner table 🤔 thanks for your comment Cheers 🍷🌺🍺

  • @eg7647
    @eg7647 3 года назад +7

    Great advice. My beloved dad had only 9 days between his cancer diagnosis and his death. It would have really helped those of us left behind to have the passwords and account information handy. Thanks for tackling this sad but necessary topic.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      We are so sorry for your loss, partly that’s why we did this topic.

    • @MagentaOtterTravels
      @MagentaOtterTravels 3 года назад

      So sorry that you had such little time! Thanks for sharing your story. Take care, and all the best to you!❤️

  • @maryalex092761
    @maryalex092761 3 года назад +3

    Luv the dynamic between these two, such synergy. Takes a bit of time to make the point but they get there & with real charm.

  • @MagentaOtterTravels
    @MagentaOtterTravels 3 года назад +4

    Great advice!!! Sorry that Tina’s personal tragedy was a reason to share this sensible counsel 😢

  • @janefromthecountry1820
    @janefromthecountry1820 3 года назад +3

    I found this video helpful. 1. Have a will. 2. Make sure your partner knows where your passwords are.I like how you always keep a sense of humor in your videos. 😊 Much appreciation, Tina and Norm.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +2

      Thanks for watching glad you found it helpful, lots of people don’t like to talk about wills etc 🧐have a great weekend Cheers 🍷🇨🇦🍺

  • @kendama99
    @kendama99 3 года назад +9

    A friend of mine died many years ago suddenly at the age of 40. He had some investments, but left no information about them and his partner couldn’t find them. She even asked me if I knew anything about them. I didn’t sadly.
    I hadn’t thought about passing on the passwords to my social media accounts. That’s a very good point.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Wow thanks for sharing a very sad 😢 story , we are sure this happens more times than we can imagine hope you are well have a great weekend Cheers 🍺🌺🍷

  • @RetiredLovingIt
    @RetiredLovingIt 3 года назад +22

    We had our will redone a couple years ago. We have a special needs son and have to be sure his needs are met after we are gone. It’s always best to be prepared because we never know how much time we have on earth.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +3

      That is very true so yes a lot better if you have plans in place , hope you are having a great weekend Cheers 🍺🇺🇸🍷🇨🇦

    • @andyhughes5885
      @andyhughes5885 3 года назад +1

      Make sure you get a Power of Attorney as well as a will and state specifically what your wishes are for your son, by law they HAVE to follow your wishes. I paid £450 inc VAT and made my pal executor. Try to cut out the services of a Lawyer as they will take a huge whack out of money that would be best used on your Son, instead appoint a friend or a trusted family member.

    • @RetiredLovingIt
      @RetiredLovingIt 3 года назад

      @@andyhughes5885 we have done that 👍 our other son will be power of attorney & my niece will be conservator over his trust. It’s crazy how nothing is simple anymore.

  • @betsygorn2495
    @betsygorn2495 3 года назад +4

    Just found your channel! Your an enjoyable couple and also have lots of good info. for retired people. I put off getting a will....something about the finality of it. A few weeks ago I did complete it and feel relieved everything is now in place so my daughter doesn't have to deal with chaos after I'm gone. Keep up the good work.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      That is awesome! Congratulations on making a will. Thanks for watching.

  • @gardenlevel7385
    @gardenlevel7385 2 года назад +2

    Thank you thank you thank you for this great advice! My dad died suddenly this past November and may God Love HIM! He was so well prepared with all provisions laid out in a will and trust, and his office so completely beautifully organized and up-to-date with binders for each account and files for everything else that we are able simply to miss him. What a great example of how to do things. I am not prepared at all, my kids would be in trouble, but I won't leave it for long seeing how complex things can be and what a difference thorough end-of-life planning can make. Very good reminder Tina and Norm! Ok - yes, one thing: the passwords are a bear.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      Thanks for sharing your story and to highlight how important it is to have a will have a great day Cheers 🍷🌺🙂

  • @paulabeattie8565
    @paulabeattie8565 3 года назад +6

    Wills are so important! Especially for twice married couples with children from previous relationships. Personal experience here, too. My father died intestate at 46 and my mother at 62 both were on their second marriages and their partners weren't the beneficiaries according to the law, my sister and I were. Personal information but we signed the money back to their spouses because we thought it was the right thing to do.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +2

      That’s very interesting but a nice for you and your sister to do, the shame about intestate is so much money 💰 goes to the government in taxes . Have a wonderful day Cheers 🍷🍁🍺

  • @allsorts4041
    @allsorts4041 3 года назад +19

    Working on my will with my lawyer currently. Once again sage advice Tina and Norm. ☺️

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Perfect! thanks for watching have a wonderful weekend 🍷🙂

  • @tjlarson6519
    @tjlarson6519 3 года назад +8

    Great discussion. I have 4 older siblings and none of them have wills, yet they have children and spouses. I've had my will since I bought my first property at 31. The other thing to remember is that in the US at least, your named account beneficiaries supersede what you have in your will; so if your 401k beneficiary is your spouse, but your will leaves your 401k to children, your children get squat.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Wow very interesting thanks for sharing hope you have a wonderful weekend Cheers 🍺🇺🇸🍷🇨🇦🌺

    • @marg6196
      @marg6196 3 года назад +2

      Yes! The biggest problem there is forgetting to update beneficiaries and deceased or ex spouses ending up with money you intended for others!

  • @RetiredLovingIt
    @RetiredLovingIt 3 года назад +9

    This is a subject that people don’t like to talk about but it’s necessary.

  • @stubloggs6358
    @stubloggs6358 3 года назад +4

    Very interesting and relevant subject...........I had several issues when my mother died in 2018, unfortunately she had not made a will (she had been suffering with vascular dementia, (often over-shadowed by Alzeimers) which is very agressive and happens very quickly).....so she was classed as incapable of making a will and it looked like we were going to have to go to court to apply for ''power of attorney'' but did not want to put my mother through any more than necessary, after a lot of discussions with a solicitor we finally got it sorted.....................there was no way I was going to let the government get their hands on a penny of her hard earned money...........great to see you guys giving this topic 'air' time on your channel it will bring it to the attention of a lot of people...............ATB........Stu......👍🍷🍺😊

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Hi Stu, It is an area that gets put off so we felt it would be a good topic just to bring this up. We are sorry to hear about your Mum and thank goodness you were able to get the legalities worked out. Thanks for watching and have a good week. 🇬🇧🇨🇦🙏🍺

  • @brassj67
    @brassj67 3 года назад +12

    I just made a will for the first time a few months ago and it cost me only $25. I have all my passwords on a USB flash drive encrypted and in a safe. Only myself executor has the combination and encryption key. Sorry to hear about your brother Tina. I am 54 and I know I left it too long but now I feel a lot happier.
    Also name your beneficiaries for life insurance, RRSPs and TFSAs so they bypass probate.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Glad to hear that John congratulations on getting your will done. Thanks for mentioning about naming beneficiaries for other accounts, very practical advice.

    • @kevinwelsh7490
      @kevinwelsh7490 3 года назад

      I worry about recording passwords. Can flash drive deteriorate? Is your safe intended for fire-proofing? Is it possible the safe will go missing? Would a safety deposit box be better, or just inconvenient?

  • @mcarmella7842
    @mcarmella7842 2 года назад +1

    You two are so great... I love your interaction and your low tech video style. Great work.

  • @bRIZZAd
    @bRIZZAd 2 года назад +3

    Having access to paswords is an important one - very good point. Having access to the phone is even more important, as most online services are requiring "Multi-factor" authentication. So you might have a password for an online service (banking, for instance), but then you won't be able to easily access that service also without open access to the departed's cell phone - so that you can receive the multi-factor authentication code sent to the phone.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      All great points Brad thanks for sharing have a great week Cheers 🍺🙂

  • @lesliestallard5187
    @lesliestallard5187 3 года назад +4

    I'm sorry to hear about your brother, Teena. This is a subject I'm all too familiar with not only as POA for a family member but professionally working for a financial firm. A Will gives a person the authority to act when you are gone. With planning, taxes owed can be reduced, assets transferred more smoothly, and there's also options like a living trust to protect yourself, your estate and even the heirs (eg spouse, kids, other dependents). It's worse if you don't die and instead lose capacity with no one trusted to look after you. Do it. Do it now. Thanks Teena & Norm for talking about this.

  • @sjchan3199
    @sjchan3199 3 года назад +1

    We have done our wills and lpa's. So glad we did it its such a relief and doesnt take long to set up.

  • @kristinolan7240
    @kristinolan7240 2 года назад +1

    I am so happy that you and Norm made this you tube channel ! ❤

  • @kimberlylalley7255
    @kimberlylalley7255 2 года назад +1

    Excellent points. I made my first will when I retired early before my 53rd birthday. I need to revise it as I sold my townhome. My mother does not have a will and wants me to be her executor. I think it's time for updates. Thanks for the reminder.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      Well said! it will be a lot easier Kimberly if you get your mother to do a will naming you as executor have a great weekend Cheers 🍷🌺🍺

  • @philannmocan6339
    @philannmocan6339 3 года назад +4

    Always fun to see you two and hear your comments. As we age , I think another VERY important thing to put in place is a Power of attorney...especially for making health decisions for a spouse if needed....and make sure your family is aware . A legal will takes care of the $$ aspects but that Power of Attorney for Health related -possibly used before a will.And on that cheerful note.....have a great weekend.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Great point thanks for sharing and yes POA for Health would kick in before a will needed so makes a lot of sense have a great weekend 🍺🌺🍷

    • @rogergregory7190
      @rogergregory7190 3 года назад +1

      Yes - and think about adding a DNR (Do Not Resuscitate) paragrapoh.

  • @CP59FIT
    @CP59FIT 3 года назад +5

    I'm in that high percent in the USA. Thanks for the push. I've talked to attorney's several times just never got them the details. Never even thought of the password conundrum. Thanks Tina for putting this out and Norm for going along. I'm glad it was Tina's fault. I even know which attorney I'm going to call. Thanks!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      You are very welcome I (Tina ) am glad it was my fault LOL 😂😂hope your attorney gets that’s call have a great weekend Cheers 🍷🇺🇸🍺🇨🇦

  • @janefromthecountry1820
    @janefromthecountry1820 2 года назад +3

    I love the content on your channel, Tina and Norm ! You always make me laugh with the humor you share. You definitely are RUclips Stars! Make it a great week. Looking forward to your next video. ❤️🤗

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      Thanks so much we appreciate your support have a great weekend Cheers 🍷🙂🌺

  • @EatTravelHappy
    @EatTravelHappy 3 года назад +2

    Very important topic. A subject people don't want to talk about, so they put it off. You two did a great job. Take care!🍷🍷

  • @imtazally4783
    @imtazally4783 2 года назад +2

    Loving all the information being shared. Totally love your videos.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      Thanks so much! glad you enjoy them have a wonderful weekend Cheers 🍷🌸🍺

  • @user-ch2lp9er6p
    @user-ch2lp9er6p 3 года назад +4

    Great advice! Required conversation and action. Thanks for sharing!

  • @isaiahescarilla6789
    @isaiahescarilla6789 3 года назад +66

    I love watching retirement videos...I'm 21 years old 🤣

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +4

      You have lots of time to plan LOL 😂😂enjoy your weekend 🙂

    • @Dutchy-1168
      @Dutchy-1168 3 года назад +3

      You lucky young fellow !

    • @david-lt9wj
      @david-lt9wj 3 года назад +1

      @@Dutchy-1168 oh yes a lifetime of struggles to look forward to...

    • @garykembel8144
      @garykembel8144 3 года назад +5

      Good to plan ahead! I wish I had more of this good information when I was in my 20s

    • @Susancshell
      @Susancshell 3 года назад +4

      You are smart! Plan now for a better life later... time flies quickly!

  • @joycepenalosa3356
    @joycepenalosa3356 3 года назад +2

    My husband and I are so inspired by the topics you cover in your channel. This topic is one of my favorites! Very sensible and takes very little effort to do, and yet taken for granted or simply not thought of by many. Thank you for another insightful video!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Wow, thank you! glad you enjoyed it have a wonderful weekend Cheers 🍺🌺🍷

  • @shanedecoste6395
    @shanedecoste6395 3 года назад +2

    Excellent advice as usual. You guys are doing a great job. My big take away was passwords. I have over 30,000 family pictures and memories that would be completely inaccessible unless I get a plan in place. We’re in the middle of doing a new will. We have done most of the heavy lifting already - all the inputs. You reminded me it’s time to give him a nudge to review his progress on a draft. Thank you!!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      That is awesome! great suggestion about the photos have a wonderful weekend Cheers 🍺🍷🌺

  • @ahalse1
    @ahalse1 3 года назад +4

    Hi there, thanks for the reminder. In some US states you don’t even need a witness to your will just handwrite and sign and date. If bank will notarize for free even better. Idea for next topic is travel health insurance pros and cons especially now with Covid.

  • @RC-fh2lk
    @RC-fh2lk 3 года назад +3

    We have account numbers for our bank and investment accounts on a piece of paper stuck inside our will for our grown sons in the event of a tragedy. I told them this multiple times…hope they were listening lol. In the next few years we will be selling our home and renting adopting a similar lifestyle to both of you. My wife and I just watched your video,as we do every Saturday, and just discussed maybe we need a better plan after selling. Thanks for the videos…we enjoy them immensely!! 😁

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thanks for watching we are glad you enjoy them we appreciate your support have a great weekend Cheers 🍺🍷🌺

  • @margal3120
    @margal3120 2 года назад +5

    You two just crack me up with your humour & obvious love, care & respect for each other! Your video is so timely - will prep is on my to-do list for the month. Some employer sponsored 401(k)s have tools to create a will or employee programs to access affordable attorney services for wills & estate planning. I have my passwords, usernames, account numbers, running balances listed in a small book “The RIP Book” so my family knows how to access any accounts I have in my name. I’m also going to make an extra house key for a trusted neighbor & cherished friend as my Mum does not drive any longer so it doesn’t make practical sense for her to have a key if she can’t get to my house quickly - before the tax man 😂😎🤑👍🏻

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад +1

      That’s awesome Mar sounds like you are very well organized which is wonderful have a wonderful day Cheers 🍷🌺🍺

  • @anniekahl7980
    @anniekahl7980 2 года назад +1

    Love you guys! I always learn something from your shows that makes our lives better!!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      Thanks so much Annie have a wonderful week Cheers 🍷🌺🙂

  • @MagentaOtterTravels
    @MagentaOtterTravels 3 года назад +2

    One more REALLY IMPORTANT point that is in this same vein. Have conversations with your spouse about your financial situation and where assets are. So often a spouse dies and the surviving spouse is clueless (happened to my mum). If you are single, then your executor, as you mentioned,

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Very true it is sad when one person knows nothing about the financial side in a joint relationship Cheers 🍷🇺🇸🍺🇨🇦

  • @ATJHTRAVELS
    @ATJHTRAVELS 3 года назад +2

    Another wonderful video really enjoyed it sledgehammered that like button stay safe awesome and blessed shared

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thanks for watching hope the family is well have a wonderful weekend Cheers 🍺🇺🇸🍷🇨🇦

  • @hogtownbiker3560
    @hogtownbiker3560 3 года назад +5

    Having a will is mandatory. I don't have kids but my will has money going to family. Passwords is a good idea as well. The other thing is to have a detailed list of bank accounts and financial instruments. Generally one of the two spouses may be the primary financial person and the other may not be aware. So rather than them try to find assets it is all listed out. Good for executors as well.

  • @gailvink4811
    @gailvink4811 3 года назад +2

    I enjoy watching all your videos😉You don’t hear from me often,and that is because I usually watch you on my tv RUclips.I haven’t found a spot there to thank you for each and every video I watch . So here you go for now. Thank you thank You dozens of times. Love your information so lightheartedly given when possible. Sending this video to my son who has not made a will as of yet. Your the best.😉😉

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thanks so much we are glad you enjoy our videos and we appreciate your support hope your son takes your advice have a wonderful weekend 🍷🌺🇨🇦🤗

  • @Edmant
    @Edmant 3 года назад +2

    Great video. Love your dry sense of humour (both of you), I guess I'm at a similar age (64). I'm a brit living in Latvia and I made my will a few years ago. It was one piece of paper and it cost me about €25. I filed it away safely, remembering to tell my partner where it is. I'm now thinking about going a stage further and making a video and some text for my partner to watch after I die. This will give her some ideas about how to tidy up the loose ends of my complicated technological life, as well as sorting out my finances. If I were her I wouldn't know where to start come the day.

  • @bobriemersma
    @bobriemersma 3 года назад +4

    Just buy one of those small "field book" thin notebooks. Use a page for each account with the particulars, then a list of passwords so you can cross out the old and write in the new as you change them. Or have two and update both and keep one stored as a backup. This is a great thing for your "bug-out bag" in case you must flee a disaster (fire, tornado, flood). Keep your backup copy in there.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Great idea thanks for sharing have a great weekend Cheers 🍷🌺🍺

  • @micheller5516
    @micheller5516 3 года назад +2

    Very important reminders for people of all ages. The password list is on my to-do list.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thanks for watching that little password thing is huge ! have a great weekend Cheers 🍺🍷🌺

  • @slaveiabiltzing9275
    @slaveiabiltzing9275 2 года назад +1

    Welldone and thanks. What is the best point for me, you are not selling insurances or whatever throughout your wise experiences. Which makes it so great!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      Thanks for watching and your nice comment, we are just sharing our stories so it might help others think of ideas that will help them have a great retirement . Have a wonderful week Cheers 🍷🇨🇦🍺

  • @drewconway7135
    @drewconway7135 3 года назад +15

    Important stuff, though not at all the video I was expecting. When you said “dangers of retirement” I thought you meant things like accidentally falling overboard on a cruise ship, or maybe shuffleboard-related injuries. 😁

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +4

      Oh we have been caught out playing the RUclips hook 😂😂

  • @WarmHearts
    @WarmHearts 3 года назад +3

    You always provide such value and raise good thought provoking questions and thoughts, I’ve been watching a long time fan, and it’s so nice your grandchildren and kids must be so proud!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thank you we really appreciate your support our granddaughter is very clever and gave us great advice for us on RUclips. Have a lovely weekend.

  • @TR4zest
    @TR4zest 3 года назад +1

    This is perhaps your most important episode.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thank you we are glad you found it interesting Cheers 🇬🇧🍷🍺🇨🇦

  • @rickybreaux2607
    @rickybreaux2607 3 года назад +2

    Great video! I just updated my will last month and made a power of att. I really need a hard copy of my passwords ! Thanks!

  • @MrSteveblue824
    @MrSteveblue824 3 года назад +2

    Wow! 😮 Your good advice here is simply to die for!
    Seriously though, a very important topic with some sobering insights! Thx amigo’s! 👍

  • @larrytucker222
    @larrytucker222 3 года назад +3

    My son died at age 33 in Feb, 2012. He had married the prior Oct. His mother/my ex was named to get his assets in his will. He did not get it changed after his marriage and mother got over 400k and his wife got nothing.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      We are sorry for your loss. This stuff is so important especially when starting out with a family. Thanks for sharing, hopefully someone will learn from your experience.

  • @henrijakubowicz1421
    @henrijakubowicz1421 3 года назад +1

    Your so right I have to make a list of my passwords so my wife or executor will be able to access all my important websites and banking information.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Sounds like a great plan thanks for watching enjoy your weekend 🍷🌺🍺

  • @b.h.7423
    @b.h.7423 3 года назад +1

    Thanks to you guys, bought investment account today at local Wells Fargo bank! Thanks

  • @AhJodie
    @AhJodie 3 года назад +2

    I love the way you both talk to each other and have been a good team. This is so true. Banks in USA well witness and notarize for free. Also writing out what you want done if you get dementia like feeding tubes. Power of attorney. Very interesting everything you say.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thanks for sharing that information have a wonderful weekend Cheers 🍷🌺🍺

  • @liedyMc
    @liedyMc 3 года назад +1

    Great conversation Tina and Norm , as an ex Insurance Broker life/disability and funding buy sell agreements .
    I have seen disaster to families left homeless due to not . All my children 40/42/46 all have wills .
    Yes something write something down, Staples $29 .
    Yup in the safe all passwords and copies of passports so on .
    To funny they have to inform you .
    Great topic close to my heart :) cheers 🥂 🍹🍾

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Great job on your children all having wills, such a smart move. Hope you are having a nice weekend 💕🍷💐

  • @chasharper
    @chasharper 3 года назад +1

    Norm and Tina , So great to hear more of retirement dangers hope you both are doing great and having a wonderful weekend. 👍487 👋😎

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thank you! You too! hope you are keeping well have a wonderful weekend Cheers 🍷🇺🇸🍺🇨🇦

  • @bearsandbutters
    @bearsandbutters 3 года назад +3

    Hey Tina and Norm! Great to see this video on the biggest dangers of retirement. Crazy to hear how many people have not set up a will or trust. What if you don't have a will but have beneficiaries for our investments and checking and savings accounts. You still need a will with that on your account? Too funny you guys with Tina trying to bump you off Norm LOL.. Nothing like couples humor and banter LOL.. Tina would miss you too much Norm. Funny what the bank lady was saying to you guys. Yes records of your passwords are very important to keep safe. Great video and love you guys to the moon and have a great weekend! 💖🌛

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +2

      Having beneficiaries on accounts is a good first step but having a will guarantees that your wishes are carried out.Guess like my brother people think it won’t happen to them, Norm and I have a lot of fun 🤩 banter and humour with each other . Lovely to see you both have a great weekend Cheers 🍷🇺🇸🍺🇨🇦🤗

  • @Zues64
    @Zues64 3 года назад

    lol… watch that Tina, Norm. “trying to bump you off”… you crack me up.
    thx for tips indeed!

  • @TheMegahusky
    @TheMegahusky 3 года назад +2

    I think the reason people don't make a will is they think it's a morbid thing and they think they will live for ever! Oh by the way you guys don't look old enough to be retired! You both look so fresh!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      You are right, some people think it’s unlucky. Thank you for your kind comment we appreciate it.

  • @kevinwelsh7490
    @kevinwelsh7490 3 года назад +2

    it's comforting to me to see that you are managing a good quality of life in retirement and the details about sources of income and your expenditures (necessities and luxuries) provide a basis for me to gauge my planning. many thanks! I still haven't figured out how to keep my passwords - in a combination-locked safe maybe? or some manually encrypted scramble? I don't trust thumb drives. 🐘

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Wow, thank you glad it’s helping with your planning another idea put passwords on a sheet of paper and put in a bank safety deposit box Cheers 🍺🌺

  • @carolyncline2088
    @carolyncline2088 3 года назад +5

    We paid 500.00 for a will and healthcare/ financial power of attorney. Don’t forget funeral arrangements.

  • @GYX2021
    @GYX2021 3 года назад +1

    Now it has become my habit to look for your video every Saturday! Thank you so much for sharing with us your thoughts and wisdom ❤️

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      You are so welcome! we are glad you enjoy watching 🌺

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      That is great, thank you so much, it's comments like yours that keep us doing these video. Thank you!

  • @JenShea
    @JenShea 3 года назад +2

    Hello Friends, hard to believe we are now half-way through summer 2021... isn't it. Such good advise. Tina, you are so right, a written will is a small cost compared to even the smallest, most minute estate.
    So so important. I've been that person who had to deal with a will-less estate.
    Please, I implore you... make a will!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Hi Jen yes the summer is flying by it is so important to make a will so like yourself you aren’t left with a nightmare estate to tidy up .Hope you are well we are enjoying our time at the trailer although the weather doesn’t feel like middle of summer LOL 😂☕️🌺🇨🇦cool nights ! 🤗

  • @Cardifftoyboy1
    @Cardifftoyboy1 3 года назад

    Where there's a will there's a relative. Great advice amazes me that friends with huge estates use a cheap post office will and leave huge legal problems behind them.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      So true! thanks for your comment enjoy your weekend 🍷🌺🍺

  • @guachatierna
    @guachatierna 2 года назад +1

    Very happy and healthy New Year to you and yours!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      Thank you and we wish you a very Happy New Year Cheers 🥳🥂

  • @skyluke4972
    @skyluke4972 3 года назад

    Great topic also a POA for finance is critical a person can use that at a bank to gain access to accounts but they have 100% access/control... Choose wisely

  • @Dutchy-1168
    @Dutchy-1168 3 года назад +4

    Easy said about passwords ‼️‼️‼️…but for me, they are a nightmare

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Yes you are right and we hate it when websites get you to change them needlessly 😱more nightmares LOL 😂

  • @MagentaOtterTravels
    @MagentaOtterTravels 3 года назад +1

    Joint accounts are so helpful! I was on my mother’s account near the end of her life.

  • @deezahm9143
    @deezahm9143 3 года назад +2

    🌼Thank you for this very safe advice. In 2009 my mom died with no Will and it was a mess; then my husband said the marriage was over. It too almost 3 years to resolve my mom’s estate, and in order to protect my inheritance from my now-ex (finally divorced in 2018), I had my Will made out. It cost me $1,100 for a lawyer, but it was worth it. I mostly wanted my future medical needs cared for, which my ex wouldn’t do. Please remember to note your medical and funeral issues, i.e. I didn’t want my only son to decide to ‘pull the plug’ so I put my sister in charge of that! The State my mom was in took 1/3 of the money, the bank who was in charge, took 1/3, so me and my three siblings lost a lot because Mom did not have a Will. I am in the USA - encourage your loved ones to protect themselves and you! Thank you Tina and Norm. I so enjoy your videos and all info you pass along. God bless-your friend Dee from Michigan 🥰🌹

    • @deezahm9143
      @deezahm9143 3 года назад

      Whoops, I meant “sage” advice!! 😀

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +2

      Wow that’s quite the story 🌺thanks for sharing , we do appreciate your support have a lovely weekend 🍷🇺🇸🌺

  • @wm9762
    @wm9762 3 года назад +1

    Thanks for the helpful reminders!

  • @deborahnicholson6206
    @deborahnicholson6206 3 года назад +1

    In Scotland every September, solicitors waive their fees for writing wills. People that use this service give to charity instead. It's not an easy thing to do but once it's done you can push it to the back of your mind and carry on living!! How r u enjoying Summer in your bolthole? Would love an update on your covid situation there in Canada too. We had 2 long weekend breaks and it was lovely to get away from our area for a while. But.....it wasnt Algarve! A lot of friends and family are now starting to get tested and then fly. Then tested again to return. My inlaws are going to Lanzarote for 3 weeks in September. Slowly, slowly the world is reopening....would love to hear your thoughts? X

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Hi Deborah interesting about the solicitors waving their fee , we are here today in our bolthole and it’s wonderful, it’s a long weekend so our son and family are here in their place too.We are like you not ready for reopening at all , this testing ,flying, testing again wearing 😷 masks isn’t our idea of travel so we will stay home till things improve hugely probably not till late 2022 or 2023 . Here in Canada lots of people have their second shot and things are slowly opening but we have a long way to go 😱 hope you are keeping well and having a nice weekend hugs 🤗🏴󠁧󠁢󠁳󠁣󠁴󠁿🍷🇨🇦🍺

  • @hmpates
    @hmpates 2 года назад +1

    Very good point! Thanks for the reminder. I've added them to my todo list now. Glad to have found your channel, I've learned a lot of new things. Been binge watching/listening while working 😛 I think you're a cute couple by the way! 😊

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      Awesome! Thank you! glad you found it helpful Halley we are glad you are enjoying our videos have a great week Cheers 🍷🌺🙂

  • @carolmichael1813
    @carolmichael1813 3 года назад

    Good to see you both. Sorry to hear about your brother Tina. Wishing you both a lovely weekend. Take good care. Thanks a lot for the advice. 💖🏴󠁧󠁢󠁳󠁣󠁴󠁿🍺🍷

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Hi Carol, thanks for your message, it wouldn’t be Saturday without hearing from you 🏴󠁧󠁢󠁳󠁣󠁴󠁿🇨🇦🥂🍺🍷

  • @livingworkingoutsidebox
    @livingworkingoutsidebox 2 года назад +2

    Great topic a will should be the bare minimum. We are creating a trust fund for our daughter and her children. A generational trust. All our life insurance, property, investments go into the trust. Then there is a constitution that states all family descendents have equal opportunities, not equal shares, to access the funds as long as they show they have set up the same type of indexed universal life insurance policies and have taken charge of their education and personal finances. Great point about passwords.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад +1

      Sounds like you are really prepared, yes don’t forget the passwords Cheers 🍺🌺🍷

    • @livingworkingoutsidebox
      @livingworkingoutsidebox 2 года назад +1

      @@ThisIsOurRetirement wouldn't have known a fraction of this if we weren't picked up for our documentary. Doing a ton of research on this and about 75% finished

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад +1

      Great to have you on our channel

    • @livingworkingoutsidebox
      @livingworkingoutsidebox 2 года назад

      @@ThisIsOurRetirement No, thank you.

  • @TR4zest
    @TR4zest 3 года назад +1

    If your assets are not complicated, it is even cheaper to DIY. In the UK, a will kit from WH Smiths is about £20. The kit guides you through step by step.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Great information thanks for sharing have a great weekend Cheers 🍷🇬🇧🍺🙂

  • @AKim-uu4hg
    @AKim-uu4hg 3 года назад +1

    Really good video & topic - thank you! I enjoy watching the both of you!

  • @BoldandGraceful
    @BoldandGraceful 3 года назад +2

    Absolutely fantastic video!!
    Great tips and recommendations!!

  • @wendyelainedonald
    @wendyelainedonald 3 года назад +1

    Mind readers! This weekend I am walking around my living area sorting through box files of paperwork from a Superannuation (retirement) scheme, my records from a shop I owned for years, all paperwork from a challenging time with Australian pension people , plus recordsfrom my UK tax returns, property business in UK I ....it goes on and on. My record keeping was only so so half on paper half in files on my computer. Of course I have to deal with Will (recently updated but now needs changing), and all those log ins and passwords etc needing to be properly organised.........Thanks for the kick up the backside. I hope to get this done during the rest of this week. I am retired so do have time..

  • @jimbertrand2499
    @jimbertrand2499 3 года назад +1

    Great topic Tina! Thanks for sharing...

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      You are so welcome! glad you enjoyed it have a great weekend 🍺🌺🍷

  • @doodleacademy
    @doodleacademy 3 года назад +1

    Solid advice...thank you for sharing.

  • @mabelh7305
    @mabelh7305 Год назад

    So important!!! Thank you!

  • @ItsAboutTimeNow
    @ItsAboutTimeNow 3 года назад +1

    We have our will! Good topic.... its okay. ~ Brad and Diana

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Thanks for dropping by great that you have your will, hope you are well have a great week 🍷🇺🇸🍺🇨🇦

  • @LesiavanderWoman
    @LesiavanderWoman 3 года назад +1

    I didnt think about passwords before. thanks for idea.

  • @karenneumiiller7197
    @karenneumiiller7197 3 года назад +1

    Excellent idea Tina!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Thank you! 😊 hope it helps others realize some things you should really do have a wonderful weekend Cheers 🍷🌺🙂

  • @MamaEve
    @MamaEve 3 года назад +2

    Thank you for sharing your video .very interesting topic

  • @MONICAANICA
    @MONICAANICA 3 года назад +1

    Thank you for sharing so important info
    I did not know that the witness to the Will should not be family or beneficiary😍
    We might need even to let in the Will the wish to close to Facebook accounts

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Thanks for watching great idea to put in the will to close all your social media accounts have a great week 🍷🌺

  • @maryjoan4128
    @maryjoan4128 3 года назад +2

    Good advice 👍 one note that beneficiaries on insurance s and RRSP etc trump a will..it's critical to check all your documents

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Great point thanks for sharing enjoy your weekend 🍷🌺🙂

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Yes and it happens with all institutions that allow you specify a beneficiary, it’s a great point you made thanks. 👍👍

  • @Mrpegs1
    @Mrpegs1 3 года назад +6

    I would say consider a, lasting power of attorney. LPA for financial decisions and a LPA for health and care decisions. Of course to complement the will..

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      Good suggestions thanks for sharing 🍺🌺🍷

    • @rogergregory7190
      @rogergregory7190 3 года назад +1

      Remember the law is different in the U.S., Canada & the U.K. Best to get local legal advice. A good lawyer may not charge a senior person. @@ThisIsOurRetirement R

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      @@rogergregory7190 Great points thanks 🌺

  • @grant7345
    @grant7345 2 года назад +1

    great advise, but I have heard of many cases of people contesting a will and winning

  • @LuBiBochum
    @LuBiBochum 2 года назад +1

    Very nice, my friend. Big like ⚘👍

  • @cyclingonplants7444
    @cyclingonplants7444 3 года назад +2

    Great topic and so on point! Thanks for bringing up this difficult topic and making us have a good think and hopefully it will spur all of us "lollygaggers" into action!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Absolutely!! it’s an area lots of people don’t like talking about but it’s so important so we hope you do it Cheers 🍺🇨🇦🍷

  • @IamaDutch-Kiwi
    @IamaDutch-Kiwi 3 года назад +1

    Quite right to touch on the subject- I am one of those who 'must get around to that' sort of person! OK you've got me now! I'll get onto it 😂! My computer person, family friend, has the access to the codes- heaps younger ( even though that isn't a guarantee he'll survive me though). You've pricked my conscience. Well done! 🙏 🇳🇿 🙋‍♀️ 🇳🇱 happy weekend.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      It is so easy to overlook these subjects, that’s why we thought we would shine a light on it lol Another one of those jobs to do in retirement. Smart move on having your passwords with someone else too. Hope you are having a very nice Sunday, it’s always good to hear from you. 😀😀🇨🇦

  • @ellymunslow436
    @ellymunslow436 3 года назад +1

    Another excellent video 👏👏👏
    Thank you so much ❤️

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад +1

      You are so welcome! glad you liked it have a great day 🍷🌺🙂

  • @rogergregory7190
    @rogergregory7190 3 года назад +2

    One big concern and worry is the appointment of an Executor or Joint Executors for your Will.
    Of course you must ask their consent to act as Executor(s), but, even then, when they are named in the Will, they may be SCARED at the amount of work involved and wish to be "removed". [True in my case!]
    Even if you, in addition to making the Will, provide a comprehensive list of passwords, accounts to be closed, websites to be advised, and so forth, it is still a huge and stressful task. Can an Executor give up part way through performing their duties?
    As for the job of disposing of furniture, vehicle(s), computers & other devices, family heirlooms, etc.
    With two or more beneficiaries, there is always the possibility of conflict. Do you just appoint all of them as Executors?
    What do you advise? Does appointment of a Bank or Lawyer/Solicitor to act as Executor eat into the capital more than a beneficiary would claim for the task? How much should an Executor be paid - and how long does the job typically take? When can you avoid Probate? Please, Norm and Tina, consider making a whole video on this subject!!!

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Thanks for the suggestion it’s a very difficult subject 🧐have a great weekend Cheers 🍷🌺🍺

    • @rogergregory7190
      @rogergregory7190 3 года назад

      I know! LoL ... Start it off simply and let the Comments speak with authority, eh?@@ThisIsOurRetirement

  • @joannaszmaj2556
    @joannaszmaj2556 3 года назад +1

    Thank you, very good point 👍

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  3 года назад

      Glad it was helpful! hope you have a great weekend Cheers 🍷🌺🍺

  • @charlesburkhart800
    @charlesburkhart800 3 года назад +2

    Norm, we all need you! Just a topic needing discussion. Funny joke about the FB followers< NOT< at the funeral. Haha

  • @richardcope8102
    @richardcope8102 3 года назад +1

    Thanks for a very helpful video. One other topic for possible consideration / inclusion is that of Powers of Attorney.

  • @carolyncline2088
    @carolyncline2088 3 года назад +8

    We just got ours done to protect our boys from the hell of probate.

  • @thriftytowers7160
    @thriftytowers7160 2 года назад +1

    Really useful thanks. I had never thought about the passwords'; i just assumed that lawyers would be able to get hold of them through the police or something.

    • @ThisIsOurRetirement
      @ThisIsOurRetirement  2 года назад

      We have had personal experience of this and it’s a lot worse than you think 🤔 trying to get someone’s passwords it’s virtually impossible thanks for watching have a great weekend Cheers 🍷🌺🍺