The ONE Shocking Retirement Truth Nobody Talks About

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  • Опубликовано: 6 янв 2025

Комментарии • 116

  • @barrymorton4268
    @barrymorton4268 День назад +8

    This is so true - we focus on running out of money when we need to think about running out of life.

  • @StanleyCullerEsq.
    @StanleyCullerEsq. День назад +8

    Sir! Man, that's just an impossibly beautiful setting. I found your channel in the last few months of 2024 and, sincerely, they have been such a source of wisdom and comfort for my 58 year-old worries. Hope you know how much you are appreciated.

  • @bonefishboards
    @bonefishboards День назад +23

    Well, we're at 96% confidence that our retirement earnings will last from now (age 61) to age 96. Well, one thing that isn't discussed too much is how paranoid a significant other is about money; I'm ready to step away this minute. However, my wife, not so much. She wants me to keep working. Both my wife and I were hand-to-mouth kids. Both grew up with little extra. The psychology of fear of retirement is a real thing.

    • @joyner4797
      @joyner4797 День назад +1

      arbeitet deine frau auch?

    • @tim71pos
      @tim71pos День назад +1

      Sometimes paranoia is 100% perfect awareness

    • @edhcb9359
      @edhcb9359 День назад +1

      If you are at 96% confidence for through age 96 then you are being woefully conservative.

    • @user-od9iz9cv1w
      @user-od9iz9cv1w 23 часа назад

      I can relate. We went to a planner like Azul when I was 62. It was a great meeting to get a sense for how prepared we were. The planner put together a plan and showed we were ready to retire. We both became comfortable with it.

    • @chrisforker7487
      @chrisforker7487 5 часов назад

      I’m in the same boat! It’s so frustrating and my wife wants to pinch every penny to death! Definitely not the way to spend retirement!

  • @Letitflow1-1-1-1
    @Letitflow1-1-1-1 День назад +8

    Thanks for keeping things real

  • @user-bg9em7ch6k
    @user-bg9em7ch6k День назад +7

    I’m living in Mexico so my mom can afford high quality personalized care, but it’s also been a huge blessing for me- my Spanish is improving every day (thanks Duolingo!) and I’m learning about how easy it is to live on a lower monthly allowance (one that includes lots of good food, yoga, massages, etc). Sooo much less stress!!!

    • @Gigi30107
      @Gigi30107 День назад

      I'm looking. What area? Thanks😊

  • @jaynelson8304
    @jaynelson8304 День назад +13

    Some negative comments about content but this video is spot on. I'm 70, retired at 66, and can tell you I'm not the man I was four short years ago. Still healthy an traveling extensively but can see my traveling days are numbered. This video should be fair warning about the real effects of age.

  • @anthonyperona
    @anthonyperona День назад +6

    Thank you, Azul. It’s always good to hear your perspective on retirement. You’ve brought a lot of good points up in your videos.
    One I haven’t seen is on the five-year rules for IRAs, even if you’re retired. This might be a good topic to consider for this channel.

  • @AgingOnYourTerms
    @AgingOnYourTerms День назад +6

    Exactly! My father-in-law was forced into retirement at 58, and they spent the following 15 years traveling the world. So when I was laid off at 55, I retired. My my husband will join me soon. And we are going to follow their lead and go live our lives.

  • @oziewilson3326
    @oziewilson3326 День назад +5

    I hope your vacation was exceptional. You made some good points in this one. Thanks for sharing your perspectives. Happy 2025!!!

  • @JVTechMusic
    @JVTechMusic 23 часа назад +1

    You've got the point: limited time vs money! I have seen many cases of people preparing for retirement and dying shortly after retirement

  • @HeatherHillier
    @HeatherHillier 5 часов назад +5

    Hit 220k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 34k in November 2024..

    • @AmirRezaie-d2h
      @AmirRezaie-d2h 3 часа назад

      I would really love to know how much work you did put in to get to this stage

    • @HeatherHillier
      @HeatherHillier 3 часа назад

      I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver

    • @GregFunnell-q9f
      @GregFunnell-q9f 2 часа назад

      As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
      Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @HollyGarwell
      @HollyGarwell 2 часа назад

      Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's

    • @AnicaEmbregts-j3e
      @AnicaEmbregts-j3e Час назад

      His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.

  • @user-od9iz9cv1w
    @user-od9iz9cv1w День назад +7

    Great topic.
    Another thing to prepare for is the impact of your spouse or partner having issues. I am healthy, fit and have longevity in my gene pool. My wife OTOH is a stroke survivor that avoids activity. She is my one friend in life and I am happy to keep her company and tend to her. Between COVID shut down and some unexpected home repair our go go years have been no go years. I doubt I am alone in this. Many people will look forward to retirement as the period to be free and discover they are now in the business of being the care giver for someone. It can be a full time job. So my advice is to enjoy every year like it is your last before retirement, and to find ways to enjoy yourself in retirement even with restrictions and take comfort in the activity of bringing comfort and joy to a loved one.
    Even in this situation, it is great to be financially secure as it is one less thing to worry about.

  • @eliinthewolverinestate6729
    @eliinthewolverinestate6729 День назад +7

    Bills go up and currencies loose value. Making it hard to tell what you need to retire. I see too many old people living on tight incomes. Not because they didn't prepare. But because inflation and falling currency values. We bought motorcycles last year. Glad we did before too old to enjoy them. Almost bought ocean front property on a Lagoon in Belize. Decided I would go for the best apple at the top of the tree. And bought property in central U.P. So I can hunt, fish, garden, and build stuff. Like a Scottish Broch for my Richardsonian Romanesque cottage, or a spring house like found in Valley Forge. To show off some of my classically trained masonry skills. Still in good enough shape to lay block and do timber framing for work. Hoping to be 67 and still dragging deer by myself. I want too be a grumpy old man. I like ice fishing.

  • @LanceyKersti
    @LanceyKersti 17 часов назад +1

    Azul you look so good in Guatemala!!!!!

  • @miken7629
    @miken7629 День назад +2

    I am 70 and go backpacking on Appalachian Trail every spring. Those mountains are a roller coaster with 3000-4000 feet of elevation rise/fall daily. There is one exercise that will keep a person able to do this, "Double Stair Steps". I use the bottom two steps, step up to second step then step back, do left leg 100 times.then right leg 100 times, then left 100, then right 100. I do 1000 double steps everyday, with each step I am lifting my body weight (175 pounds), my thighs are muscle. Do double stair step exercises to avoid walking like Biden

    • @tim71pos
      @tim71pos День назад

      Biden has Parkinson's. The funny steps are a symptom of Parkinson's. Exercise such as your stepping can help delay the onset of Parkinson's, But so can biden's bike riding and running. But let's not kid ourselves that the guy in RUclips chat has found the cure for Parkinson's.

  • @GavinBerrington-z9k
    @GavinBerrington-z9k 21 час назад

    I always enjoy watching and listening to you

  • @glennet9613
    @glennet9613 День назад

    When we retired, I was 60, we took our bikes to Europe every year and toured a different country each time, ended up living in Switzerland where, twenty years later, we still have adventures cycling, hiking and skiing. It has been an incredible retirement, we have done things I would never have imagined. Active travel is great, interacting with the locals, sorting out problems, learning from mistakes.

  • @SkepticalMechanic-l9x
    @SkepticalMechanic-l9x 11 часов назад

    More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

  • @treepop1550
    @treepop1550 День назад +1

    Great information !!thanks!

  • @dianediliberto1876
    @dianediliberto1876 7 часов назад

    Thank you.

  • @josecavazos1194
    @josecavazos1194 День назад

    I was there a few years ago. It is an amazing location with great food and a lot of art in the streets. Each of those villages has their own character. Enjoy...

  • @tomdrummy4984
    @tomdrummy4984 День назад +8

    Try positivity…….too much negative doom and gloom

    • @happilyretiredfrommerrill9357
      @happilyretiredfrommerrill9357 День назад +1

      how about it bro??? unreal all the negative BS

    • @rrf6747
      @rrf6747 День назад +2

      That's all he ever talks about I came to this channel hoping for retirement advice

    • @happilyretiredfrommerrill9357
      @happilyretiredfrommerrill9357 День назад

      @@rrf6747 i am a PERMA-BULL who likes to watch how the other 'side' thinks---AZUL is using the old wall street trick of keeping things negative for clicks (yet, i like him)--wall street does the same thing to keep investors coming back for more (advice)...it's a TIRED narrative but it's the world we live it....

    • @chrisforker7487
      @chrisforker7487 5 часов назад +1

      Definitely a doom and gloom theme for the last couple months. I’m trying to find someone else to watch going forward.

  • @jayhpaq
    @jayhpaq День назад +2

    I have my health, but sadly I don’t have the money to do trips like this.

  • @nirui467
    @nirui467 День назад

    Great perspective, and something to work into the “plan” .
    I feel like neither of my parents got the retirement they wanted due to health reasons. I have the work hard now, enjoy later ethic beat into me but am trying hard to unwire this programming!

  • @CLMcCoy
    @CLMcCoy День назад

    Enjoying your posts. We are the same age and I also happily retired two years ago. A video on planning with costs and how to find travel deals (flights & housing) would be an interesting change from your routine messages. I’ve made several long trips since retiring and would appreciate your thoughts on more travel.

  • @thecookiechannel7083
    @thecookiechannel7083 День назад +2

    Good things to consider. Don’t put off living life.

  • @123moof
    @123moof День назад

    Healthspan vs Lifespan. If you take this view, one-more-year mindset is one less healthy year to enjoy. Arguably rotting in a cubicle versus being low stress and active may cost you more than a year of healthspan for each one-more-year delay you make. Once your life is taken over by your doctor's appointment schedule it is that much harder to schedule in big trips.

  • @texasboy5117
    @texasboy5117 День назад

    I'm 75 and have done extensive travel having visited 60 countries. We will start to reduce our travel at the end of this year, visiting only our favorite places.

    • @lkvz-5259
      @lkvz-5259 День назад

      What are your favorite places?

  • @WealthyChronicle
    @WealthyChronicle 23 часа назад

    Would you really choose 80% financial security with a strong purpose over 95% security without one?

  • @rrf6747
    @rrf6747 День назад +2

    I think that if you been sitting on your butt behind a desk for 30 years yeah you proubly do need to worry about your health and how much time you got left.

  • @jimbrass8439
    @jimbrass8439 День назад

    I love this advice! Thanks Azul. I’m 72 and got cancer at 65 and my hip replaced last year. I highly recommended this video on my channel $MillionMadeEasy in a video I called
    The One Retirement Truth Few People Consider
    Thanks again Azul

  • @davidsiemer7578
    @davidsiemer7578 День назад

    While I agree that it isn’t a huge gain working past 67 due to the tax rules, I still think the sweet spot is 65 because of the Medicare benefit

  • @happilyretiredfrommerrill9357
    @happilyretiredfrommerrill9357 День назад +1

    wings behind AZUL look like those from CAST AWAY on tom hanks' raft.

  • @clarkpalace
    @clarkpalace День назад

    There are alot of people , maybe a majority , that never took a backpacker type trip in their life. They arent going to start at 60

  • @ParisianThinker
    @ParisianThinker День назад

    At age 78, I am still healthy and strong. Most likely because I have lived in France for 20 years.

  • @nicholascollins4807
    @nicholascollins4807 23 часа назад

    Or maybe they get sick because they retire and stop being active. Stay working and not worry about health care or running out of money

  • @Columbus1152
    @Columbus1152 День назад +6

    Mortality is a bitch.

  • @RyanBerich-u1w
    @RyanBerich-u1w День назад +1

    The other fact to consider is that even the things you can do after a health issue, you may not have an interest in doing.
    I tried to encourage my mother to work on the crafts she enjoyed by sitting with her and bringing her what she needed. She had no interest. I suspect she was depressed and was focusing on breathing.

  • @DerraKormino
    @DerraKormino День назад +5

    So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

    • @JacobsErick-u8r
      @JacobsErick-u8r День назад +2

      in my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor

    • @richardhudson1243
      @richardhudson1243 День назад +1

      Agreed, the role of advisors can only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)

    • @LUCIASMITH-d1z
      @LUCIASMITH-d1z День назад +3

      sounds great! i've never utilized a financial advisor but enthused about making money from the stock market, could you be kind enough with info of the advisor guiding you please? I could really use some guidance

    • @richardhudson1243
      @richardhudson1243 День назад +1

      Personally, I've stuck with Melissa Terri Swayne and her performance has been consistently impressive. You can confirm her basic info on the internet, she's quite known in her field with over 15yrs of experience.

    • @HoskinsShanellNicole
      @HoskinsShanellNicole День назад +1

      I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

  • @jab868
    @jab868 День назад

    Very cool! You should checkout Coatepeque Lake in Santa Ana, El Salvador.

  • @IntrinsicMetals
    @IntrinsicMetals 2 часа назад

    Question when you talk about net worth is that per person or a household… when i watch retirement vidoes they talk big numbers on report from the fed… is that and individual person or for 2 people im always confuse on that it seem such a big number and its weird how they calculate net worth when half can be your spouse

  • @patg4246
    @patg4246 День назад

    I want to see the volcano with that awesome camera you have!

  • @Econman
    @Econman День назад

    I am curious, what do you use for health insurance outside the U.S.? I crossed into Canada on the way to Alaska, and was quite aware my health insurance stopped at the border. You travel a lot, so I thought it might be a good subject to speak too.
    Last, I sure want to travel with you. Thanks for sharing you location.

  • @pnwforesthermit4506
    @pnwforesthermit4506 День назад +2

    I think it’s important to talk about travel on an environment impact when considering retirement travel. How are we leaving this world for generations to come. Travel has a cost!

  • @lkmb1717
    @lkmb1717 День назад

    Background is blurred Sir...... 😵‍💫

  • @mfranquemont1884
    @mfranquemont1884 День назад

    Azul, are you able to write-off all your trips as a ‘business expense’ on your taxes? If so, it May be a retirement strategy I adopt.

    • @vincentnnyc
      @vincentnnyc День назад +1

      Of course…he is doing youtube and he would be a fool not to write it off as tax deduction

    • @davegenet
      @davegenet День назад +1

      @@vincentnnyc which would imply that he's not actually retired. Still working and bringing in money.

    • @vincentnnyc
      @vincentnnyc День назад +1

      @@davegenet well according to him…he is retired. So you can argue with him

    • @jimmyro74
      @jimmyro74 День назад

      Azul is still working, not retired!!

  • @TonyCuratolo
    @TonyCuratolo День назад

    Jim Collins talks about this in Die With Zero, bucketing activities across various health conditions during the remainder of one’s life. 🏋🏽‍♀️🏝️📚

    • @nirui467
      @nirui467 День назад

      Great book ! I’m working my through it

  • @renemontenegro6143
    @renemontenegro6143 День назад +5

    POST SOME UP BEAT VIDEOS! ITS ALL GLOOM AND DOOM VIDEOS AZUL

    • @rrf6747
      @rrf6747 День назад

      Soon the grim keeper will take you and your money too lol😂

    • @renemontenegro6143
      @renemontenegro6143 День назад

      @rrf6747 LOL

    • @clarkpalace
      @clarkpalace День назад +1

      Gimme a break. This lake is pretty upbeat. His atitude is pretty upbeat. His hike is pretty upbeat. His wallet is even pretty upbeat. Its your criticism that is NOT upbeat

    • @renemontenegro6143
      @renemontenegro6143 День назад

      @clarkpalace LOL

  • @dzguy99
    @dzguy99 День назад

    Why require a 95-97% probability of success? You will die without enjoying all your money. IMO using guardrails works much better in maximizing our hard earned nest egg.

  • @fractalelf7760
    @fractalelf7760 День назад +2

    Try to have SOME positive videos man…

    • @webcompanion
      @webcompanion День назад +5

      It's a positive that Azul is out walking the walk he talks about. Retired early and living life while he still has his health. All depends on how you look at things.

    • @clarkpalace
      @clarkpalace День назад +1

      He is in a very pleasant setting , not spending a fortune , and going on a hike. What more do you want?

  • @CharlieHernandez-z1w
    @CharlieHernandez-z1w День назад +1

    Thanks for this Azul I really appreciate this important information, meanwhile 2024 was one of my best years, last year brought my household a miracle of $33,000 every month, God has been more faithful to us Now I can afford anything and also support my businesses and not worry much about the future even after retiring

    • @MichealDiaz-q5g
      @MichealDiaz-q5g День назад

      Really ? Please tell me more about this and how possible it is

    • @CharlieHernandez-z1w
      @CharlieHernandez-z1w День назад

      This is what Melissa Jonas Richard does, she has changed my life.

    • @CharlieHernandez-z1w
      @CharlieHernandez-z1w День назад

      After raising up to 33k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.

  • @IbrahimKone-ix4qi
    @IbrahimKone-ix4qi День назад +3

    I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated!!!

    • @FederickLeo
      @FederickLeo День назад

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
      Ruth Ann Tsaoknas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @jopolo-x4f
      @jopolo-x4f День назад

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..

    • @jopolo-x4f
      @jopolo-x4f День назад

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

    • @IbrahimKone-ix4qi
      @IbrahimKone-ix4qi День назад

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?

    • @jopolo-x4f
      @jopolo-x4f День назад

      look up her name on the web for her website.

  • @oscarwindham6016
    @oscarwindham6016 День назад

    Azul is another one of those "expert" financial advisors that doesn't understand our new/old federal financial paradigm best known as quantitative easing (QE) and/or deficit spending or what I call the reality of the Equity Spending (ES) process well enough to understand that we do not have a national debt, just an irrelevant federal deficit, as far as the amount whereas exactly what we the peoples' electronically generated $s are being spent on is the real issue.

    • @RyanBerich-u1w
      @RyanBerich-u1w День назад +1

      Where in this video did he express the lack of knowledge you are referring to?

    • @oscarwindham6016
      @oscarwindham6016 День назад

      @@RyanBerich-u1w Two points to made, with the first being that he has made the "pseudo" national debt statement in past podcasts without ever correcting himself, and point two, he never makes a point of making it clear as to how and why it is that we do not have a national debt when giving his "expert" financial advice which is essential in explaining how the electronic generation of we the peoples' $s in order to meet federal expenditures effects the private sector financial system.

    • @RyanBerich-u1w
      @RyanBerich-u1w День назад

      @ I encourage you to start your own channel where you can explain your unique beliefs and stop trolling those that followed a traditional path of financial planning and analysis.

    • @oscarwindham6016
      @oscarwindham6016 День назад

      @@RyanBerich-u1w I encourage you to mind your own business. I also respectfully ask that you recognize the whole point of RUclips having these comment sections which is to be able to correct the misinformation being disseminated to viewers. Then too, there is the fact that this "traditional path of financial planning" is one of the problems that I'm trying to correct with one example being that when I am finally successful in having the majority of Americans understand how and why it is that we do not have a national debt it will then be just a question of time before all federal taxation is eliminated, just for starters, and I might start my own channel as well.

    • @tubes9181
      @tubes9181 День назад +1

      Worst RUclips comment take I’ve ever seen

  • @JacobAdams-r8f
    @JacobAdams-r8f День назад

    From $10,000 to $76,000 that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

    • @JacobAdams-r8f
      @JacobAdams-r8f День назад

      Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds......... But Virond Thomas, restored hope shes a good woman

    • @JacobAdams-r8f
      @JacobAdams-r8f День назад

      Charlotte bate has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

    • @JacobAdams-r8f
      @JacobAdams-r8f День назад

      She is active on the
      TE LE GRAM

    • @JacobAdams-r8f
      @JacobAdams-r8f День назад

      @Charlottebate3