I am looking forward to saying goodbye to people that I know will not be part of my life after I retire. Over the years there has been a lot of people that needed something from me. I am glad I could help them, but now I need to move past them and do what I want to do. Nice video. Gives me hope I am on the right track.💗🇵🇷🙏🏽
Dictatorial bosses, who even years later removed from them, leave you reluctant to get involved with groups where's there's head-strong individuals. I have many groups of mild-mannered friends. I was with a retired golfing group but they are too competitive & berate you if you just want to hit another ball. I more enjoy golfing on my own, surrounded by deer. I think more important than just getting with new groups is that, like trying on new clothing, is that it fits you socially and emotionally
My life has never revolved around work. It was always just a job to pay the bills. I never got my "sense of purpose" or identity from my job. I think retirement will be an easy transition for me. What I'm looking forward to the most: Getting enough sleep; eating healthier meals (without the temptation of donuts & candies that always are around in the office); and joining a gym with mid-morning fitness classes/swimming. And not ever having to answer to a boss again!
Right there with you, StevenBarnes, 35 year machinist, 12 of those managing a shop. 3 years, 9 months, 2 days to go. Or less. Not going to miss it a bit.
Thank you for the topic! As a widow and being about 5-6 years out from retirement I would suggest both women and men realize a couple of things: about 48% of adults are single, with women being at a 52% level. So we all have basically a 50% odds of having no partner to share time with or expenses with. Also, prices are not ever coming down to where they were. Once you retire away from your job and coworkers the social aspect of that is likely gone. To the point made make sure to nurture and create friends and hobbies now. Pay off your debt and try to earn and save as much possible leading into retirement. Sell off the crap you have accumulated over the years and are just storing, you will feel lighter. Work on being a pleasant and interesting person. Happy retirement!
Very well stated! Working on being "a pleasant and interesting person" is a fantastic goal for any stage in life, not just retirement. More minimalism and less materialism is great too!
The statistic you stated of 48% of adults end up retiring single is hard to comprehend. I would have argued this point until I ended up one of those data points. After suffering 5 lay offs in a six year period I had had enough and at 57 y.o. launched my own business and that turned out to be one of my greatest blessing. I reduced my hours worked to 2 or 3 each day and now ten years later I have ended up quintupling my earnings. I can travel the world extensively and thoroughly enjoy my work - life balance. I only wish my wife had been able to enjoy it with me - she had more than earned it. Remember to count your blessings and thank God for them each day.
I eased into retirement gradually and didn’t feel the shock that others do. After getting laid off at 51, I sold everything and paid off all my debt, traveled for a few years, returned to college at 55 to retrain in a new field, launched my own business at 60 and now 4 years later, finally consider myself retired at 64. But I have a list of projects that keep me engaged, lead a comfortable yet frugal debt-free life and am happier than I’ve ever been. I didn't plan any of it but I did embrace every challenge along the way as an opportunity.
Agree: without a meaningful amount of funds for your retirement, that season of your life will become sheer misery. Having worked for a financial adviser for some years, I got to see that misery as well as how retirement looks when funding it isn't a worry. The funds won't deal with the other losses that come with retirement, though: sense of purpose, routine, daily social interactions with people you may have come to appreciate etc.
I used to be off every other Friday. I practiced what I would do if I were retired the last 5 years before I did. Best thing I ever did. Love retirement now 17 years.
You know, retirement is something I always thought would be a smooth transition. You work for years, save up, and then one day you’re just… done. But now that I’m close to it, I’m realizing there’s so much I didn’t expect. There are definitely things I wish I’d known beforehand
I’ve been retired for about a year now, and let me tell you, it’s not all sunshine and relaxation like people imagine. There are parts of retirement that no one warns you about, and I think it’s so important to be prepared, both mentally and financially
Yeah, I’ve heard a lot of people say that the transition to retirement is tougher than they anticipated. It’s not just about money; there’s this whole psychological aspect to it
That daily routine you had for decades, where you woke up, went to work, and had a sense of purpose? Gone. No one really talks about how jarring that can be. When I retired, I suddenly had all this free time, but I didn’t know what to do with myself. It’s easy to feel lost.
Exactly! I think most of us don’t realize how much of our identity is tied to our work. When you retire, it’s like, “Who am I now?” And if you don’t plan for how to fill that time, it can really throw you off balance. I’ve been talking to my advisor about this, and he’s helped me see that retirement isn’t just about financial planning, but lifestyle planning too.
One of the biggest challenges I faced was the social aspect. When you’re working, you’re surrounded by people every day, you have colleagues to talk to. But in retirement, a lot of that social interaction disappears, and it can get lonely. I wasn’t expecting that.
Wow I am retired 8 years and I’m still loving it! Every night when I set up my coffee maker for the morning I smile and say I don’t have to go to work!
Retired at 60 after losing my husband of 36 years at age 56. After retiring Covid destroyed my business of twenty years. Then I had two car accidents both no fault of mine. Now I’m 62 receiving SS a small pension and working 20 hours a week to keep busy. I do have a small mortgage of $500 per month. Not too bad. ❤
This stage of retirement is exciting, but a bit nerve-racking. However, I won't miss dealing with a high stress engineering and FAA regulatory job, longggggg commutes, and an accomplishment lacking job. I just want to be outdoors, cooking, furniture building and alone with my dogs during my retirement working hours :).
Important topics! I was an expert at getting finances etc. in place to retire early. But in the hard push at the end I neglected some of these other things. My acreage in the middle of nowhere changed from that refuge from the stress at work to a very quiet place in retirement, borderline a lonely place. My identity was in my job and in my military career. I retired from both and am a bit lost. Much of our social network is at work, especially with a long term job. I knew changes were coming but wasn't sure what could be done. Try to be resilient and adapt. Everyone goes thru an adjustment phase.
I'm dealing with sense of purpose now - it's real. My wife and I retired 10 months ago. Neither of us miss work commitments, but setting deadlines for our personal goals is starting to make a lot of sense. I don't regret retiring at all. My health has improved, and we've done things that we couldn't while working. I consider this search for purpose a part of my retirement journey. I like your suggestions for establishing new routines that support social and healthful activities.
Wow, that’s awesome! Sounds like you guys are living your best life in retirement! Keep setting those goals and enjoying every moment-cheers to new adventures!
Interesting video. So glad I live an introverted lifestyle. During work, I always worked alone with the once in while request for help, if needed. Now that I'm retired, I still don't feel the need to be around people, but once I'm asked to associate with friends and family, I'm there. I'm pursuing my hobbies, one being the ability to work on my cars whether to do repairs or to modify them. Financially speaking, I earn a monthly pension, one that fills my needs and still have margin to either play with or invest it. What I don't have is paid for home. Yet. I'm working on that to pay with cash. No mortgage.
I'm retiring soon for health reasons, and I'm really worried I will get depressed and feel lost. It doesn't really feel like a choice in my case, I'm struggling. My work is challenging but very rewarding (I with homeless families) so I know I'm going to miss being part of the mission. I've realized I've got to quickly find ways to engage in volunteer activities, sign up for exercise classes, and focus on taking care of myself.
You are on the right path! Exercise is so important to our mental and physical health. And there are often many volunteer opportunities. And with your experience, they’d be lucky to have you on board!
Prior to retiring 2 years ago, I was a successful small business owner for 30 years. There was lots of stress dealing with staff and high-profile customers. I don't miss any of it. I currently have 3 wonderful hobbies that keep me socially connected and mentally engaged. None of them being golf. Thankfully, I don't have any financial stress, which might've changed everything.
Agree on the purpose. I've been stock options trading and I am embarrassed to discuss it. Not only because so many people have strong opinions on day trading, but I do not feel like I am creating value. It's just for survival/bills. I'm sort of jealous of blue collar guys now and debating if there is enough time to go back to school for something technical
Thank you! I am a carer, single, have two dependents at home and just been made redundant at 59. I am happy to retire and so much of what you said rang true.
Allison, I am not sure why you are getting a negative vibe from this video. It’s about preparing one’s mindset so they can transition successfully into retirement.
These are all great points and important to discuss and educate people on. All the people I know who have retired never talked about money (of course, that's personal) but did talk to me about "loss of purpose", "now what", etc. My Dad talked about retiring for years, but when he finally did retire, it almost killed him. Luckily he eventually figured it out and is still going strong at 89.
As a teacher, the bad disappear was being with the students. The good disappears: grading labs and tests, getting up at 5:30 AM, no time for myself(most years I taught required 50-60 hours per week), shooter drills, professional development meetings that were a total waste of time.
Thank you for sharing your perspective! Your dedication to your students is inspiring, and it's important to acknowledge both the challenges and rewards of teaching.
I'm also a teacher, but living in Denmark, I only work 32 hours a week, thank God. I don't think I'll miss any of it. Teaching Gen. Alpha is something I won't miss in the slightest. That, and getting up at 05:45 to travel 32 km. I hate it.
@@HALWG51 If you think it’s so easy, you should try it yourself! I almost guarantee that your local district is hiring. They all are…you know…because it’s such an easy job.
It's great when retirement works out for people, but I found that I didn't like it very much after about 3 months! So I went back to work and am glad that I did. And I'm actually better at my job now that I have a fresh perspective. Whatever floats your boat, I guess!
This is slightly off topic, but…. You always look great in these videos. I always notice how great your hair looks. Presenting yourself so well makes a difference.
Lovely video and lovely presentation. Beautiful voice. My 5 cents on what vanished after retirement. 1. Health. I don't mean big issues. They don't have to be big to affect you. 2. Good sleep. Sleep disorder is a common problem when you get older. 3. Efficiency. There are no reasons to be quick and efficient, so whatever I do, it takes longer than it used to. 4. Relevance. It's a fact that retired people are less relevant. I can feel that.
Funny thing, my sister retired 3 years ago and she has problems sleeping and since there's no hurry, motivation is an issue for her. I'm just the opposite...my sleep is BETTER now since I retired in may. I think its because I lost all the stress of work and it doesn't keep me up. I get more done now because I have the time....even though it can still feel like the day flies by. My issue is getting myself out and about. I moved to a new town and need to make new friends. I also need to meet women after being single for 5 years. That is very difficult because I do not look my age so my dating pool skews 10 years younger, they can keep up with me.
@larrydrozd2740 Good for you. All sounds wonderful. It reminds me of my doctor, who used to say ( when analyzing my blood test results) :' Everything is perfect, but it may change in the future'. So, it did. Enjoy when you can. Nothing lasts forever.
I appreciate your desire to help "even if its one person" . I had back surgery cpl years ago and am presently still "retired" at 59 and havent shut the door on possible return to "work" whatever that may be but not in the construction field for sure...dont want any further surgeries lol. . Love the freedom. I am also sober for many years and participate in AA and understand that desire to help people. You posess a gift. And also a gifted smile. Its important to belong somewhere and be part of things and there are many possibilities. Just a few can make a world of difference. You are helping many by opening your life on a public forum which does take courage. Hopefully you have inspired me to look at my retirement a bit closer financially and spiritually. Best wishes and thank you
This is one of the nicest responses I have received. Thank you! It sounds like you have been through a lot and have come out with a great mindset! I wish you all the best!
I used to have a career. I did not leave my career. My career has morphed into something unrecognizable in the last couple of years. Now they want all of us to say the exact same things and give negative value to my 20 years of experience. I retire in 126 days. I just struggle to keep the changes from impacting my health in a negative manner. I’m sad that my career is gone. But I didn’t leave it. I will not look back.
With 3 months off between jobs ( redundancy) although I was job seeking it was a good trial run for retirement. I started each day with a walk then a swim, relax, read, have lunch and then I always went for a short drive or to the shops, bus to the museum etc. I did have a routine and those afternoon naps were heaven. I also saved a lot by not going out to dinner and drinks as often plus I didn’t need expensive convenience foods, I actually had time to cook every day. Bring on retirement!! 😊
Pre-Retirement: We are a couple ages 55 & 59. We recently joined a local Health Club & Spa with a family membership. Here is what we now are enjoying: 2 Pools, 1 outdoor and 1 indoor Heated pool. Outdoor Large Hot Tub that can seat 12 people. Indoor weight machine room. Sauna and Steam room. Rain showers body wash.shampoo and conditioner provided. Robes, Towels, Facecloths provided. Fruit and Teas provided. Not retired yet but did we just score for a little over $3200./yr Also, many people in our age group are members and we are making new friends! $3200 invested in your health for a year with exercise & relaxation without all the expenses for a pool, hot tub, hot water, water, fruit, shampo and conditioner and body wash.... It all adds up to make a great deal!
I spent 20+ years as a Navy officer in cryptology. Then I had 2 more careers I retired from. Now I spend time at the gym, helping at a local school and doing photography.
I have kind of experienced a lot of what you are talking about. I retired about a month past my 60th birthday but that retirement came with an asterix in that I later took a part time job with a consultant. My commitment is about 1400 yours a year plus mostly I work mostly as a senior professional with very little project management which was the source of a lot of my stress before. Basically I get to do the fun part of my work without the stressful parts. That said, I am thinking seriously of a several month work break next summer. We'll see how I feel after that. The free time has allowed me to do episodes of bing travel but also I have been heavy into elderly parent care as well. So it hasn't been all fun and games. It allows me to really prioritize fitness. It almost never happens that I cancel a workout session for something work related. It also allows me to prioritize connection opportunities as well, be it with friends, family or develop new connections or re-acquaint with old ones. One decision I made I am not sure I made the right one. I had a dear old German Shepherd dog who passed away 3 years ago and that created a big void. Last year, I learned that a breeder in the Palmer area had a litter of puppies coming so I put myself down for a puppy. She is great to have around. German Shepherds need a lot of work but I have the time and it forces me to get out when I otherwise might not. But it also adds a pretty significant expense to travel. I not only have to think about the kenneling costs but also not keeping her in a kennel too long at any one time. So binge travel is somewhat restricted unless I can find a house sitting arrangement that I can feel comfortable about. Part of me thinks getting her was a mistake. But I am committed now. You definitely look at your finances a little differently. What are the things that aren't bringing me value? Cutting an unnecessary cost is like a raise.
I can relate to your struggle with pets. I have 2 dogs (one large) I’m about to retire and would love to travel and visit my kids out of state. Like you I have to find someone I trust to stay with them or kennel them which can cause anxiety. Nonetheless what they do for my daily well being is worth the effort to figure it out. Good luck!
I can relate! Traveling when you have pets adds costs, and extra planning. But i think they are so worth it! I am glad you are doing well, and I hope happy!
thank you for this discussion of this topic... your insight and honesty is very positive and encouraging... hope that many many people view and listen to this important message...
Getting ready myself to retire at 62 after 35 Years. My career has been rewarding and I love the people I work with but my wife and I are already travelling more and I can finally start saying yes to my buddies who call me every week to go Dirt Biking etc. can’t wait. I am also a member of the Cdn Ski Patrol and will Pro Patrol all winter. All this to say that you need to have a life to retire to. Also considering another pursuit but on my schedule, it five days per week, and only after I settle in to my Retirement.
It sounds like you have a fantastic retirement plan in place! Enjoy all the adventures and time with friends-you’ve earned it after 35 years of hard work!
@ it’s coming but wow the paperwork and connecting with our benefits group…yeesh! We are working through our expenses to absolutely understand them, and how best to access our income sources for best effect. It’s interesting to work through it. Thank you for following up. Have a nice morning.
Hello! Just found your channel recently. Great info. I'm also in VA but must not be in the same area. We are in Central VA and it's hard to find book clubs, women's groups, etc that aren't centered around religion in my neck of the woods. All good for those that enjoy that but I'm struggling to find a good gym with classes, a Meet Up that is local for hiking. It's frustrating. Are you in NOVA? I imagine there is more to offer but I'm getting ready to retire at 64 in the next few weeks after a serious ankle and foot surgery but once I can get on my feet, I hope to get out to do some hiking. I know it's going to be a huge adjustment because work has been everything for me for years. I'm lucky to have my husband with me on this journey!
I’m not quite 50 yet. After several years in the military, marrying another military officer, and having kids, I became a stay at home parent. Besides some part time gigs, I stayed at home for years due to our military lifestyle. I’ve always stayed busy. I went back to school twice, work out regularly, constantly learn new things and meet new people. My husband retired from the military but works as a civilian now. We still have a 12 year old at home and two kids in college. I worry more about how my husband will feel once he fully retires.
Thanks for yet another thought provoking video! A couple of random thoughts: a) Voluntary retirement should never be a cause for depression. If it is and if one is second guessing one's decision, perhaps more planning and preparation should have been done prior to exiting the workforce. b) Retirement is not set in stone. It would be interesting to find out what percentage of retirees choose to go back to work- either full or part time, and how long after quitting their pre-retirement job. c) Psychologically, retiring 'cold turkey' seems harder than transitioning from a full-time to a part-rime job. Some people manage to make this transition with their last full-time employer/occupation, others find a new, more enjoyable calling (lucky them!). d) This video underscores the need to practice retirement before pulling the plug, especially if the intent is to retire 'cold turkey'.
Not a financial impact, but if you decide to move to another state when you retire, may be difficult to make new friends in the new state. I know my mom has struggled with this. She has also been a hard worker her entire life and got a lot of satisfaction from her career (education), so did/doing some work on the side in retirement to keep herself involved and sharp.
It definitely requires a concerted effort to rebuild your social circle when you move! I have done it several times. Each place is different and sometimes it’s easy, and sometimes not so much!
My spouse and I have a small consulting business and after Covid we had forced partial retirement due to projects disappearing. Not having a career anymore is easy as we still participate and publish in professional organizations. It’s mainly the financial insecurity that all the CFPs seem to to tout that affect the decision. 62 and realistically I think we are 3 years from true retirement. We both have several hobbies and interests.
Retiring soon. Looking forward to having time for my hobbies and daily outdoor exercise and time to get a decent night’s sleep. I’m also a little concerned about adjusting to less structure without getting lazy.
I’m sure that some people may miss their careers, but I can guarantee you that if you had a corporate employer, they couldn’t care in the least that you’re gone. In fact , they may be rejoicing for many reasons. This is a fact that very few people realize. I say run a side gig in retirement to stay active, make a little cash, and do your own thing!
Haha, I love your perspective! It’s like breaking up with a corporate job-while they might miss your coffee-making skills, they’ll probably just hire someone new to take over your desk!
"A lot of guys leave the job ... cemetery within ten. No family. Idle hands. Some advice? You make it out? You stay busy." Det. Marty Hart - True Detective
I get $784 in SS Medicare and the two extra insurances I have to buy are $156, $164, and $68. I “retired” at 62 during 2020 to survive. I’ve had a cleaning business for 25 years and I hurt everywhere. I’ve always been an “essential worker” never earning enough to save but had to live paycheck to paycheck. My 26 year old son’s life is now supporting a great deal of my life. How do I set him free? How do I make life work?
Lisa, that's a tough spot to be in! Cleaning is such physical work, no wonder you are tired. Have you looked into a part time job that isn't so physically demanding? Or, dare I say, start a RUclips channel?
In Australia, retirement age is 67. I'm 54. So another 12.5 years left of 'working life'. I think l'll be happy to not being a productive member of the workforce by 67 and just have ordinary time for myself.
I'm glad to hear you love your job! Start building up your free time with activities you love. That way when you retire, you will still have plenty to keep you going!
I always find it sad when people who are retired still describe themselves by their old job. Yes you worked hard to create a career but now you get to create a new life. Ten years retired and loving it. Whenever someone asked me what I did for a living, I always say “nothing interesting”.
I stopped using work as a purpose at 45. I finally realized that nobody cared about you at work (large corporation). They only thought of you as a tool to be used. I regret this the most but its in the past. I have not let work affect my life since then.
Scientists found we AGE markedly at 44…and 60! I’m now 60 and will work one more year. 4 days a week. I feel different at work and my relevance has taken a step back. I find 5 days too much now. I’m hoping the financial markets don’t take a big hit causing my retirement savings to go down! It does feel in some way IVE CROSSED A FINISH LINE….
I was all set to retire in 2025 at 61 years old. Now like a flash of lighting I find myself being asked to not come back home (I am currently delivering a load of belongings to our retirement home in home in FL) and in the middle of a divorce. I feel like I just purchased a home kit from IKEA and wondering how the hell do I ever figure out how to build all of these pieces into a life again. Talk about What Vanishes In Retirement.....geesh.
I’m so very sorry to hear that. It’s a tough spot to find yourself in. I hope you have close family or friends you can lean on right now. Getting support to help you work through this will make a world of difference!
My pursuit of wanting more in the corporate word has been gone for some time. At the age of 60, my mind and goals has changed years ago. I’m looking to do what I want to do when i want to do it. Using $$ vas a tool to get there is of paramount concern. Getting there.
To say that I regret retiring at 60 with a modest government pension would be a huge understatement. It’s been a difficult transition to say the least. Good luck and may you all find inner peace.
True! For me, these topics aren’t openly discussed in our conversations with friends and family. I am trying to bring up these things so we DO talk about them!
@@retirethisway When considered that way, it makes sense, but it still feels like click bait when the context isn't mentioned. But I'm turning into a grumpy old man, so I shouldn't have said anything.
What are you looking forward to having vanish in your retirement?
The stress of workload and bad co-workers.
I am looking forward to saying goodbye to people that I know will not be part of my life after I retire. Over the years there has been a lot of people that needed something from me. I am glad I could help them, but now I need to move past them and do what I want to do. Nice video. Gives me hope I am on the right track.💗🇵🇷🙏🏽
Dictatorial bosses, who even years later removed from them, leave you reluctant to get involved with groups where's there's head-strong individuals. I have many groups of mild-mannered friends. I was with a retired golfing group but they are too competitive & berate you if you just want to hit another ball. I more enjoy golfing on my own, surrounded by deer. I think more important than just getting with new groups is that, like trying on new clothing, is that it fits you socially and emotionally
@@Goldies24, I'll second getting away from toxic people. I think that's what I'm most looking forward to getting away from by retiring.
Late dinners with customers....
Five things that vanish after retiring:
1. commute to work
2. commute from work
3. bosses who are jerks
4. deadlines
5. stress
Yes to all of these!
Amen! Don’t miss any of these! Well, at the end, my commute had switched to the DART train, which I do miss. Definitely don’t miss a car commute.
And meetings!
Crappie coworkers
There are still deadlines and stress. But at least your in more control and/or you choose more.
You may miss your beloved career, but I will never miss my crappy job. There is a big difference.
haha! That's a good point!
100% same here! I’m working a very crappy job where it’s all metrics and micromanaged like I’ve never seen, ready to leave in two months!
I retired a year ago. I’m 55. I LOVE every minute of retirement. I’m healthier and happier. I literally can’t wait to do it again tomorrow.
That is awesome!
My life has never revolved around work. It was always just a job to pay the bills. I never got my "sense of purpose" or identity from my job. I think retirement will be an easy transition for me. What I'm looking forward to the most: Getting enough sleep; eating healthier meals (without the temptation of donuts & candies that always are around in the office); and joining a gym with mid-morning fitness classes/swimming. And not ever having to answer to a boss again!
That all sounds wonderful! How far off is retirement for you?
Exactly, Rosemary
I retired 2 years ago at 61 as a machinist for 43 years and i absolutely do not miss it and dont look back.
Congratulations!
Right there with you, StevenBarnes, 35 year machinist, 12 of those managing a shop. 3 years, 9 months, 2 days to go. Or less. Not going to miss it a bit.
I was a tradesman for 34 years. I had 18 people working for me. I don’t miss the work or the people. Retirement is so peaceful.
Same here❤
Thank you for the topic! As a widow and being about 5-6 years out from retirement I would suggest both women and men realize a couple of things: about 48% of adults are single, with women being at a 52% level. So we all have basically a 50% odds of having no partner to share time with or expenses with. Also, prices are not ever coming down to where they were. Once you retire away from your job and coworkers the social aspect of that is likely gone. To the point made make sure to nurture and create friends and hobbies now. Pay off your debt and try to earn and save as much possible leading into retirement. Sell off the crap you have accumulated over the years and are just storing, you will feel lighter. Work on being a pleasant and interesting person. Happy retirement!
Excellant message...thanks
Great points! Thanks so much!
Wow, I was not aware of that.
Very well stated! Working on being "a pleasant and interesting person" is a fantastic goal for any stage in life, not just retirement. More minimalism and less materialism is great too!
The statistic you stated of 48% of adults end up retiring single is hard to comprehend. I would have argued this point until I ended up one of those data points. After suffering 5 lay offs in a six year period I had had enough and at 57 y.o. launched my own business and that turned out to be one of my greatest blessing. I reduced my hours worked to 2 or 3 each day and now ten years later I have ended up quintupling my earnings. I can travel the world extensively and thoroughly enjoy my work - life balance. I only wish my wife had been able to enjoy it with me - she had more than earned it. Remember to count your blessings and thank God for them each day.
I eased into retirement gradually and didn’t feel the shock that others do. After getting laid off at 51, I sold everything and paid off all my debt, traveled for a few years, returned to college at 55 to retrain in a new field, launched my own business at 60 and now 4 years later, finally consider myself retired at 64. But I have a list of projects that keep me engaged, lead a comfortable yet frugal debt-free life and am happier than I’ve ever been. I didn't plan any of it but I did embrace every challenge along the way as an opportunity.
Wow, you are busy! I'm glad you have finally retired and doing so well!
What did you study? Loved your story would love to hear more detail. 😊
Wow! That sounds great - good for you.✨🌻✨
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments
I agree completely!
Agree: without a meaningful amount of funds for your retirement, that season of your life will become sheer misery. Having worked for a financial adviser for some years, I got to see that misery as well as how retirement looks when funding it isn't a worry. The funds won't deal with the other losses that come with retirement, though: sense of purpose, routine, daily social interactions with people you may have come to appreciate etc.
I used to be off every other Friday. I practiced what I would do if I were retired the last 5 years before I did. Best thing I ever did. Love retirement now 17 years.
That is genius! Thanks for sharing!
You know, retirement is something I always thought would be a smooth transition. You work for years, save up, and then one day you’re just… done. But now that I’m close to it, I’m realizing there’s so much I didn’t expect. There are definitely things I wish I’d known beforehand
I’ve been retired for about a year now, and let me tell you, it’s not all sunshine and relaxation like people imagine. There are parts of retirement that no one warns you about, and I think it’s so important to be prepared, both mentally and financially
Yeah, I’ve heard a lot of people say that the transition to retirement is tougher than they anticipated. It’s not just about money; there’s this whole psychological aspect to it
That daily routine you had for decades, where you woke up, went to work, and had a sense of purpose? Gone. No one really talks about how jarring that can be. When I retired, I suddenly had all this free time, but I didn’t know what to do with myself. It’s easy to feel lost.
Exactly! I think most of us don’t realize how much of our identity is tied to our work. When you retire, it’s like, “Who am I now?” And if you don’t plan for how to fill that time, it can really throw you off balance. I’ve been talking to my advisor about this, and he’s helped me see that retirement isn’t just about financial planning, but lifestyle planning too.
One of the biggest challenges I faced was the social aspect. When you’re working, you’re surrounded by people every day, you have colleagues to talk to. But in retirement, a lot of that social interaction disappears, and it can get lonely. I wasn’t expecting that.
Wow I am retired 8 years and I’m still loving it! Every night when I set up my coffee maker for the morning I smile and say I don’t have to go to work!
That is awesome!
I AGREE!
Retired at 60 after losing my husband of 36 years at age 56. After retiring Covid destroyed my business of twenty years. Then I had two car accidents both no fault of mine. Now I’m 62 receiving SS a small pension and working 20 hours a week to keep busy. I do have a small mortgage of $500 per month. Not too bad. ❤
My heart goes out to you for overcoming so much! I am glad you are doing well now!
@@retirethisway thank you ❤️
Sorry but why not volunteer your time to keep busy.
This stage of retirement is exciting, but a bit nerve-racking. However, I won't miss dealing with a high stress engineering and FAA regulatory job, longggggg commutes, and an accomplishment lacking job. I just want to be outdoors, cooking, furniture building and alone with my dogs during my retirement working hours :).
I can relate for sure!!
Important topics! I was an expert at getting finances etc. in place to retire early. But in the hard push at the end I neglected some of these other things. My acreage in the middle of nowhere changed from that refuge from the stress at work to a very quiet place in retirement, borderline a lonely place. My identity was in my job and in my military career. I retired from both and am a bit lost. Much of our social network is at work, especially with a long term job. I knew changes were coming but wasn't sure what could be done. Try to be resilient and adapt. Everyone goes thru an adjustment phase.
Hang in there! It is important to rebuild your routine to one that makes you happy and feels fulfilled. Keep at it!
Retire=Re Tire for new journey
Best wishes for all retirees!
You deserve it!
Thanks so much!
I'm dealing with sense of purpose now - it's real. My wife and I retired 10 months ago. Neither of us miss work commitments, but setting deadlines for our personal goals is starting to make a lot of sense. I don't regret retiring at all. My health has improved, and we've done things that we couldn't while working. I consider this search for purpose a part of my retirement journey. I like your suggestions for establishing new routines that support social and healthful activities.
Wow, that’s awesome! Sounds like you guys are living your best life in retirement! Keep setting those goals and enjoying every moment-cheers to new adventures!
Interesting video. So glad I live an introverted lifestyle. During work, I always worked alone with the once in while request for help, if needed. Now that I'm retired, I still don't feel the need to be around people, but once I'm asked to associate with friends and family, I'm there. I'm pursuing my hobbies, one being the ability to work on my cars whether to do repairs or to modify them. Financially speaking, I earn a monthly pension, one that fills my needs and still have margin to either play with or invest it. What I don't have is paid for home. Yet. I'm working on that to pay with cash. No mortgage.
Sounds like a nice set up! I am glad you are doing so well!
I'm retiring soon for health reasons, and I'm really worried I will get depressed and feel lost. It doesn't really feel like a choice in my case, I'm struggling. My work is challenging but very rewarding (I with homeless families) so I know I'm going to miss being part of the mission. I've realized I've got to quickly find ways to engage in volunteer activities, sign up for exercise classes, and focus on taking care of myself.
You are on the right path! Exercise is so important to our mental and physical health. And there are often many volunteer opportunities. And with your experience, they’d be lucky to have you on board!
Prior to retiring 2 years ago, I was a successful small business owner for 30 years. There was lots of stress dealing with staff and high-profile customers. I don't miss any of it. I currently have 3 wonderful hobbies that keep me socially connected and mentally engaged. None of them being golf. Thankfully, I don't have any financial stress, which might've changed everything.
That sounds wonderful!
Agree on the purpose. I've been stock options trading and I am embarrassed to discuss it. Not only because so many people have strong opinions on day trading, but I do not feel like I am creating value. It's just for survival/bills. I'm sort of jealous of blue collar guys now and debating if there is enough time to go back to school for something technical
Thank you! I am a carer, single, have two dependents at home and just been made redundant at 59. I am happy to retire and so much of what you said rang true.
Katherine I am so glad I could be helpful!
Let’s all just enjoy the freedom and be grateful for what we have. So many older adults are working at Walmart delivering pizza in their late 70s.
Allison, I am not sure why you are getting a negative vibe from this video. It’s about preparing one’s mindset so they can transition successfully into retirement.
Some people want to. My friend loves her part time Walmart job in the pharmacy.
These are all great points and important to discuss and educate people on. All the people I know who have retired never talked about money (of course, that's personal) but did talk to me about "loss of purpose", "now what", etc. My Dad talked about retiring for years, but when he finally did retire, it almost killed him. Luckily he eventually figured it out and is still going strong at 89.
I'm glad he figured it out!
As a teacher, the bad disappear was being with the students. The good disappears: grading labs and tests, getting up at 5:30 AM, no time for myself(most years I taught required 50-60 hours per week), shooter drills, professional development meetings that were a total waste of time.
Thank you for sharing your perspective! Your dedication to your students is inspiring, and it's important to acknowledge both the challenges and rewards of teaching.
I'm also a teacher, but living in Denmark, I only work 32 hours a week, thank God. I don't think I'll miss any of it. Teaching Gen. Alpha is something I won't miss in the slightest. That, and getting up at 05:45 to travel 32 km. I hate it.
Teachers only work part time anyway. 9 months work getting paid for 12. Oh, I feel so sorry for you! 😢😢
@@HALWG51 If you think it’s so easy, you should try it yourself! I almost guarantee that your local district is hiring. They all are…you know…because it’s such an easy job.
@@HALWG51 😭
*Question:* Why am I crying?
*Answer:* I weep for your blatant ignorance.
It's great when retirement works out for people, but I found that I didn't like it very much after about 3 months! So I went back to work and am glad that I did. And I'm actually better at my job now that I have a fresh perspective. Whatever floats your boat, I guess!
As long as you are happy, that’s what matters!
Thats right. Retirment isn't for everyone.
This is slightly off topic, but…. You always look great in these videos. I always notice how great your hair looks. Presenting yourself so well makes a difference.
Ah, thank you!
She is very beautiful
Lovely video and lovely presentation. Beautiful voice. My 5 cents on what vanished after retirement. 1. Health. I don't mean big issues. They don't have to be big to affect you. 2. Good sleep. Sleep disorder is a common problem when you get older. 3. Efficiency. There are no reasons to be quick and efficient, so whatever I do, it takes longer than it used to. 4. Relevance. It's a fact that retired people are less relevant. I can feel that.
Funny thing, my sister retired 3 years ago and she has problems sleeping and since there's no hurry, motivation is an issue for her. I'm just the opposite...my sleep is BETTER now since I retired in may. I think its because I lost all the stress of work and it doesn't keep me up. I get more done now because I have the time....even though it can still feel like the day flies by. My issue is getting myself out and about. I moved to a new town and need to make new friends. I also need to meet women after being single for 5 years. That is very difficult because I do not look my age so my dating pool skews 10 years younger, they can keep up with me.
@larrydrozd2740 Good for you. All sounds wonderful. It reminds me of my doctor, who used to say ( when analyzing my blood test results) :' Everything is perfect, but it may change in the future'. So, it did. Enjoy when you can. Nothing lasts forever.
@@robertk5441 EXACTLY!! It can change over night too!
Those are interesting points I hadn’t thought of. Thanks for sharing!
I found myself in a similar situation! All my sleep issues faded away. 😀
I am in my 30s. But I am curious about the life as a senior. Thx for sharing.
You are welcome! Thanks for watching. (BTW, so strange to think of myself as a senior!)
Retirement isn’t an end goal, but a journey best secured by careful and consistent investments
Retirement is the reward of disciplined investing over the long term, not just a destination.
So true!
I appreciate your desire to help "even if its one person" . I had back surgery cpl years ago and am presently still "retired" at 59 and havent shut the door on possible return to "work" whatever that may be but not in the construction field for sure...dont want any further surgeries lol. . Love the freedom. I am also sober for many years and participate in AA and understand that desire to help people. You posess a gift. And also a gifted smile. Its important to belong somewhere and be part of things and there are many possibilities. Just a few can make a world of difference. You are helping many by opening your life on a public forum which does take courage. Hopefully you have inspired me to look at my retirement a bit closer financially and spiritually. Best wishes and thank you
This is one of the nicest responses I have received. Thank you! It sounds like you have been through a lot and have come out with a great mindset! I wish you all the best!
I used to have a career. I did not leave my career. My career has morphed into something unrecognizable in the last couple of years. Now they want all of us to say the exact same things and give negative value to my 20 years of experience. I retire in 126 days. I just struggle to keep the changes from impacting my health in a negative manner. I’m sad that my career is gone. But I didn’t leave it. I will not look back.
Man, that really sucks! It’s wild how things change so fast. Just hang in there for those last 126 days-then it’s all about YOU time!
With 3 months off between jobs ( redundancy) although I was job seeking it was a good trial run for retirement. I started each day with a walk then a swim, relax, read, have lunch and then I always went for a short drive or to the shops, bus to the museum etc. I did have a routine and those afternoon naps were heaven. I also saved a lot by not going out to dinner and drinks as often plus I didn’t need expensive convenience foods, I actually had time to cook every day. Bring on retirement!! 😊
Well that sounds amazing!
Pre-Retirement: We are a couple ages 55 & 59.
We recently joined a local Health Club & Spa with a family membership. Here is what we now are enjoying:
2 Pools, 1 outdoor and 1 indoor Heated pool. Outdoor Large Hot Tub that can seat 12 people. Indoor weight machine room. Sauna and Steam room. Rain showers body wash.shampoo and conditioner provided. Robes, Towels, Facecloths provided. Fruit and Teas provided.
Not retired yet but did we just score for a little over $3200./yr
Also, many people in our age group are members and we are making new friends!
$3200 invested in your health for a year with exercise & relaxation without all the expenses for a pool, hot tub, hot water, water, fruit, shampo and conditioner and body wash.... It all adds up to make a great deal!
I can't agree more! I love my gym for many of the reasons you listed. Plus, staying healthy drastically reduces your medical costs!
So true!!!! No one addresses these things when you retire, and they are very real.
Thanks Diane!
Simply Brilliant! and Radiant!!! All the best!
I spent 20+ years as a Navy officer in cryptology. Then I had 2 more careers I retired from. Now I spend time at the gym, helping at a local school and doing photography.
Nice! Thanks so much!
Great video!!! Loving your hair style. You look amazing!
Thank you so much!!
Some people are not ready for retirement, but I the fukc am. I have a daily routine in mind already. I had experience with it when I was unemployed.
Glad you have a plan!
I have kind of experienced a lot of what you are talking about. I retired about a month past my 60th birthday but that retirement came with an asterix in that I later took a part time job with a consultant. My commitment is about 1400 yours a year plus mostly I work mostly as a senior professional with very little project management which was the source of a lot of my stress before. Basically I get to do the fun part of my work without the stressful parts. That said, I am thinking seriously of a several month work break next summer. We'll see how I feel after that.
The free time has allowed me to do episodes of bing travel but also I have been heavy into elderly parent care as well. So it hasn't been all fun and games. It allows me to really prioritize fitness. It almost never happens that I cancel a workout session for something work related. It also allows me to prioritize connection opportunities as well, be it with friends, family or develop new connections or re-acquaint with old ones.
One decision I made I am not sure I made the right one. I had a dear old German Shepherd dog who passed away 3 years ago and that created a big void. Last year, I learned that a breeder in the Palmer area had a litter of puppies coming so I put myself down for a puppy. She is great to have around. German Shepherds need a lot of work but I have the time and it forces me to get out when I otherwise might not. But it also adds a pretty significant expense to travel. I not only have to think about the kenneling costs but also not keeping her in a kennel too long at any one time. So binge travel is somewhat restricted unless I can find a house sitting arrangement that I can feel comfortable about. Part of me thinks getting her was a mistake. But I am committed now.
You definitely look at your finances a little differently. What are the things that aren't bringing me value? Cutting an unnecessary cost is like a raise.
I can relate to your struggle with pets. I have 2 dogs (one large) I’m about to retire and would love to travel and visit my kids out of state. Like you I have to find someone I trust to stay with them or kennel them which can cause anxiety. Nonetheless what they do for my daily well being is worth the effort to figure it out. Good luck!
I can relate! Traveling when you have pets adds costs, and extra planning. But i think they are so worth it! I am glad you are doing well, and I hope happy!
Such a clear and concise presentation on this very important aspect of retirement!
Glad you think so!
thank you for this discussion of this topic... your insight and honesty is very positive and encouraging... hope that many many people view and listen to this important message...
I hope so too!
Great points, thanks for sharing.
Getting ready myself to retire at 62 after 35 Years. My career has been rewarding and I love the people I work with but my wife and I are already travelling more and I can finally start saying yes to my buddies who call me every week to go Dirt Biking etc. can’t wait. I am also a member of the Cdn Ski Patrol and will Pro Patrol all winter. All this to say that you need to have a life to retire to. Also considering another pursuit but on my schedule, it five days per week, and only after I settle in to my Retirement.
It sounds like you have a fantastic retirement plan in place! Enjoy all the adventures and time with friends-you’ve earned it after 35 years of hard work!
@ it’s coming but wow the paperwork and connecting with our benefits group…yeesh! We are working through our expenses to absolutely understand them, and how best to access our income sources for best effect. It’s interesting to work through it. Thank you for following up. Have a nice morning.
Great video. BTW, what is that beautiful painting behind you?
Thanks so much! I found that painting at a thrift shop and fell in love with it!
Hello! Just found your channel recently. Great info. I'm also in VA but must not be in the same area. We are in Central VA and it's hard to find book clubs, women's groups, etc that aren't centered around religion in my neck of the woods. All good for those that enjoy that but I'm struggling to find a good gym with classes, a Meet Up that is local for hiking. It's frustrating. Are you in NOVA? I imagine there is more to offer but I'm getting ready to retire at 64 in the next few weeks after a serious ankle and foot surgery but once I can get on my feet, I hope to get out to do some hiking. I know it's going to be a huge adjustment because work has been everything for me for years. I'm lucky to have my husband with me on this journey!
Hi! I am in the southern part of the state. Have you checked out MeetUp.Org? That's where I have been able to find many great groups to join.
I’m not quite 50 yet. After several years in the military, marrying another military officer, and having kids, I became a stay at home parent. Besides some part time gigs, I stayed at home for years due to our military lifestyle. I’ve always stayed busy. I went back to school twice, work out regularly, constantly learn new things and meet new people. My husband retired from the military but works as a civilian now. We still have a 12 year old at home and two kids in college. I worry more about how my husband will feel once he fully retires.
Creating a plan to add structure and purpose to his retired life will be key!
Thanks for yet another thought provoking video! A couple of random thoughts: a) Voluntary retirement should never be a cause for depression. If it is and if one is second guessing one's decision, perhaps more planning and preparation should have been done prior to exiting the workforce. b) Retirement is not set in stone. It would be interesting to find out what percentage of retirees choose to go back to work- either full or part time, and how long after quitting their pre-retirement job. c) Psychologically, retiring 'cold turkey' seems harder than transitioning from a full-time to a part-rime job. Some people manage to make this transition with their last full-time employer/occupation, others find a new, more enjoyable calling (lucky them!). d) This video underscores the need to practice retirement before pulling the plug, especially if the intent is to retire 'cold turkey'.
All very good points! Thanks so much for sharing.
Not a financial impact, but if you decide to move to another state when you retire, may be difficult to make new friends in the new state. I know my mom has struggled with this. She has also been a hard worker her entire life and got a lot of satisfaction from her career (education), so did/doing some work on the side in retirement to keep herself involved and sharp.
It definitely requires a concerted effort to rebuild your social circle when you move! I have done it several times. Each place is different and sometimes it’s easy, and sometimes not so much!
My spouse and I have a small consulting business and after Covid we had forced partial retirement due to projects disappearing. Not having a career anymore is easy as we still participate and publish in professional organizations. It’s mainly the financial insecurity that all the CFPs seem to to tout that affect the decision. 62 and realistically I think we are 3 years from true retirement. We both have several hobbies and interests.
That is great!
Great Video!! Thansk!
You are very welcome!
You have to retire to something, not from something. There’s nothing like owning your own time.
Well said!
Retiring soon. Looking forward to having time for my hobbies and daily outdoor exercise and time to get a decent night’s sleep. I’m also a little concerned about adjusting to less structure without getting lazy.
It’s important to establish a new daily routine in retirement. You can work on penciling that out pre retirement.
Great Video 👏👏
thanks!
I’m sure that some people may miss their careers, but I can guarantee you that if you had a corporate employer, they couldn’t care in the least that you’re gone. In fact , they may be rejoicing for many reasons. This is a fact that very few people realize. I say run a side gig in retirement to stay active, make a little cash, and do your own thing!
Haha, I love your perspective! It’s like breaking up with a corporate job-while they might miss your coffee-making skills, they’ll probably just hire someone new to take over your desk!
Wah thanks it’s really good ❤
I'm glad you like it
"A lot of guys leave the job ... cemetery within ten. No family. Idle hands. Some advice? You make it out? You stay busy."
Det. Marty Hart - True Detective
We hate work then we hate being at home with freedom to live our lives out. Can we just be content and grateful.
I’m very grateful! And I love being retired too!
I get $784 in SS Medicare and the two extra insurances I have to buy are $156, $164, and $68. I “retired” at 62 during 2020 to survive. I’ve had a cleaning business for 25 years and I hurt everywhere. I’ve always been an “essential worker” never earning enough to save but had to live paycheck to paycheck. My 26 year old son’s life is now supporting a great deal of my life. How do I set him free? How do I make life work?
Lisa, that's a tough spot to be in! Cleaning is such physical work, no wonder you are tired. Have you looked into a part time job that isn't so physically demanding? Or, dare I say, start a RUclips channel?
You were warned. That's all. Why? What did you think would happen?
Great information! I like what you said and how you said it.
Thank you!
In Australia, retirement age is 67. I'm 54. So another 12.5 years left of 'working life'. I think l'll be happy to not being a productive member of the workforce by 67 and just have ordinary time for myself.
Thank you for sharing your thoughts! It's inspiring to see others looking forward to enjoying their time after work.
Is m 63 have a great job, and nest egg, but i am hyper dont know what to do with myself.
I'm glad to hear you love your job! Start building up your free time with activities you love. That way when you retire, you will still have plenty to keep you going!
Hi. Thanks for this video
You are welcome!
Very pleasant channel to watch. Positive, simple, beautiful and brilliant…
Thanks Derek!
I always find it sad when people who are retired still describe themselves by their old job. Yes you worked hard to create a career but now you get to create a new life. Ten years retired and loving it. Whenever someone asked me what I did for a living, I always say “nothing interesting”.
That’s a great response! I find when I tell people I am retired, they often ask me what I did previously. 😕
The pandemic lockdown of 2020-2021 was a practice run for me. And I did just fine!!! 👍
That's great!
Good points
I stopped using work as a purpose at 45. I finally realized that nobody cared about you at work (large corporation). They only thought of you as a tool to be used. I regret this the most but its in the past. I have not let work affect my life since then.
Totally get what you mean! Work can definitely feel like a never-ending grind sometimes. Glad you’ve found your groove outside of it!
Scientists found we AGE markedly at 44…and 60! I’m now 60 and will work one more year. 4 days a week. I feel different at work and my relevance has taken a step back. I find 5 days too much now. I’m hoping the financial markets don’t take a big hit causing my retirement savings to go down! It does feel in some way IVE CROSSED A FINISH LINE….
Thanks for sharing!! Just beware of the 'One More Year Trap'. It could keep you working for much longer!
Thank you! I am planning now! Thought I was doing great at age 45! But god has other plan!
A good plan is key!
Work part time. Work is social as wellas financial!
Hi! I have lots of social activities going on, so no need for a job.
My "career" was garbage. Nothing about my work was good .
But, I made money. Stopped working saved me.
I’m glad you are in a happier place now!
I was all set to retire in 2025 at 61 years old. Now like a flash of lighting I find myself being asked to not come back home (I am currently delivering a load of belongings to our retirement home in home in FL) and in the middle of a divorce. I feel like I just purchased a home kit from IKEA and wondering how the hell do I ever figure out how to build all of these pieces into a life again. Talk about What Vanishes In Retirement.....geesh.
I’m so very sorry to hear that. It’s a tough spot to find yourself in. I hope you have close family or friends you can lean on right now. Getting support to help you work through this will make a world of difference!
@@retirethisway Thank You
My pursuit of wanting more in the corporate word has been gone for some time. At the age of 60, my mind and goals has changed years ago. I’m looking to do what I want to do when i want to do it. Using $$ vas a tool to get there is of paramount concern. Getting there.
I’m glad you have a plan! Keep on working it and you’ll get there!
Good morning!
Holidays are a sixth thing that vanish. You no longer get holidays. In fact, often you don't even know they're around.
🤣 That’s a great one too!
To say that I regret retiring at 60 with a modest government pension would be a huge understatement. It’s been a difficult transition to say the least. Good luck and may you all find inner peace.
I’m so sorry to hear that! If I may ask, are you struggling with finances or the emotional changes that come with retirement?
I think you identified the problem yourself: you lived to work. Work defined you, your purpose, your meaning.
Not quite! But thanks for sharing your perspective.
I'm 54 year old man.. I don't know how old is woman is but she is beautiful and pretty😊
You sound WAY too busy in retirement! My plan is to spend many happy hours out in my garage tinkering on old cars……👍
Haha! I like to be busy, yes!
It's funny how all the RUclipsrs talk about the things "no one talks about".
True! For me, these topics aren’t openly discussed in our conversations with friends and family. I am trying to bring up these things so we DO talk about them!
@@retirethisway When considered that way, it makes sense, but it still feels like click bait when the context isn't mentioned. But I'm turning into a grumpy old man, so I shouldn't have said anything.
Great Video, thank you!