Retired 7 years ago at age 62. Not one day of that 7 years have I missed working. Not one day of the 7 years have I thought that I made a mistake. If you work and you enjoy your weekends, holidays and vacation time, then know this, being retired is endless weekends, endless holidays and endless vacation time. If you get bored in retirement, you are doing it wrong. The idea that you must find something to do to be happy is BS.. I get to spend everyday with the love of my life. We will be together 50 years this fall. We love each others company. Look, we both worked, but never lost sight of the reason we worked and it's wasn't for anything silly like a sense of purpose. We were there for the money because as an adult you need money to live. Once we no longer we needed an income from work it was time to retire and reap the benefits of our life long labor. When I retired I retired. Remember you can't be retired and still be working. The definition of retired is literally "no longer working".
I retired a year ago at age 60. There is so much to do that I enjoy-Gardening, travel, volunteering, sometimes I work just as hard as when I worked for money, but it’s on my own terms, not for any entity.
Retired 4 years. Never disenchanted. Agee 59 now. Honeymoon ends and freedom emerges. Bored less than 1 in 100 days. Key is interests, hobbies and relationships
Good to see you follow Streamline also. The thing I like most, mixing financial and non-financial information together, to allow you to live and plan for the best possible life.
I had to leave my FT job as a Nurse to help my 93yr old Mom who is now 95..I do work provisional 2 days a month to keep my current job. I'm widowed taking my SS widow benefit. Taking care of your elderly parent is challenging. Out of pocket elderly care is Very Expensive. The elderly if they didn't work outside their home doesn't give them extra $$. I've enjoyed all your information. I have always lived on a budget. But there is always room to improve. Thank you
The proclamation of The Gospel of Jesus Christ is the focus of my retirement. After all, since by Grace, those who have been given the gift of Saving Faith in Him are going to be spending all of Eternity with Him, best to let as many people know about The Lord's Love while we're here!! 😊
I was off work for 8 months and loved it ,No disenchantment here,actually l've never been happier, Between going on long walks everyday,then working out on weights,my side hustle on ebay ,planning my meals out,my coin collecting,my gardening, ect,ect all on a daily basis actually not enough hours in the day.Also no stress having to go to a job that kinda sucked.l felt free lm not working a day past 62 tomorrow is not guaranteed go at 62 ppl.
As a longtime retiree I can tell you that retirement can be terrific. But not necessarily easy. It is another stage of life, and to be fulfilled and satisfied, you have to work at it. And it does not happen overnight. For a young guy, you really have a lot of insight about this subject. Keep it up.
Retired for 1 month now at 58 years old. I enjoy working with my hands have many projects to do that I did not have time for when I worked. However, I place maintaining my fitness first and excercise at least an hour everyday. I will continue to participate in several olympic length triathlons a year. Run, road and mtn bike, swim, cardio kick boxing and yoga take precedent over my projects. I stay as busy as when I worked selling medical implants. Excercise is the fountain of youth. Enjoy
Today is my Last Day! I retire in 4 Hours! 🎉 I am not totally ready to Retire for good? I will Begin my Pension Aug 1 2023 and then return to work Part-time in the Fall and work atleast 6 more months? I am Single, 61. So I may begin Soc Sec when I retire Again next summer? Or may delay to let it grow? I hope working Part-time will be easier on me? I. Work Full time and am tired all the time? Part-time may allow me to get more rest and do more while I continue to work?
Dave, there are exceptions. I'm that. I have no debt. I own multiple properties. What I need is the business of interaction with my multiple colleagues in my engineering industries. That energy drives me. Money is not the issue. Work, contribution is the issue. I'm am 70 and I'm not done yet
Phasing into retirement would be what your describing , staying at work with less stress, less money, more relaxed! We would love a templet to work from to approach our employer with in our phasing from work….
I retired 18 months ago and am loving it. Since I enjoyed being with the people I worked with, I am now the birthday lunch planner getting people together for fun pretty much every other month. My retirement gives me more time to spend with my 2 y/o granddaughter and 91 y/o mother as well as church ministries and the food bank and some travel. I very much appreciate the holistic approach to retirement that you provide encouraging us to take care of all our needs and to look further.
I have been working since 1977 .In last 46 years about 30 years equivalent days i have put in more than 12 hours work per day.Since my work involves lot of creativity i enjoy working but off course i can no longer work for long hours without feeling the stress.I have complete financial freedom but now work is not my priority but more of a passion and pass time.I am enjoying this period.I am 68 years old.Keep smiling and keep working to keep Alzheimer's away.
Good points in this video. Any good decision must move one towards something rather than reacting. Retired 5 years ago to portugal. Blessed with a curious spirit throughout my life. Loving retirement
I like to play video games, hit the gym and hang out with kids and family, walk the dog, do gardening, but... I tend to forgo things so i can decompress from work... Like reading, visiting family at cottage weekends, visiting brother at his Florida house, visiting infirmed mother, napping mid day when feeling tired and burnt out , etc. At 55, I'm already noticing what I'm giving up my continuing to grind. Maybe 2-3 more years but I'm looking forward to it
Four days before I graduated from High School. I line up my ducks in a row and follow it to the T. I'll be 60 this year and I can say my planned has worked flawlessly to this point. And I don't see nothing standing in my way to finish my life to the end of fullness of nothing but happiness. I'll never do a complete retirement plan. I set up my plan to semi-retirement plan. I already finish my bucket list and taking all the vacations that I would like to take. Short trips and long trips. My last trip which was only 4 hours away. Was a three day trip to Put-In-Bay island and had a complete blast like all my trips. I don't work hard, I have money, but not in the richest status. Just comfortable out of debt since 36 and even own my own home with no mortgage to owe. Life is to have fun. You plan it for today, not when you're old. I turn the tables to my advantage. Not the old fashion way, that's the wrong way of doing it.
Dave, you are right on the money that some should consider “retiring” to a reduced workload that lessens stress and rids them of some of the less enjoyable parts of their work. As a “retired” CPA, I now do only consulting and business succession planning work a couple of days each week. Besides the benefits that you outlined, I find that it also has helped a number of clients, as well as myself, by creating a middle stage between full time career and full retirement. Many have a very difficult time with the thought that the nest egg that they have created over many years may now start to shrink instead of grow. In this middle stage, they likely make enough to fund their lifestyle and defer dipping in to the nest egg for another few years. Thanks doing these videos. I have referred many clients to them.
I’m retiring in 2 weeks. Really looking forward to it, but honestly my life isn’t going to change much. I’ve worked from home for the past 15 years and for the past couple years my job has been damn easy. So just not having to login every morning is about the only difference. That’s temporary though as we’re moving to Europe in October so I guess in that way we’re retiring TO something.
I left a 3C job I loved! I didn't take the gradual move to retirement, BUT I could go back to consulting easily if it makes sense in the future. Leaving has allowing me to have at least a year vacation (time til I'm allowed to consult directly, although could immediately consult for another company). I definitely didn't run from my job but I do worry, and I knew this going in, that retirement might not solve all the problems I was facing. Good video and makes me re-evaluate, which is what we should all do before and after retirement. My planning horizon has changed from what I thought was 5 years when younger (really never was looking back) and is now under 6 months for many things, mostly wife's health. Being retired allows me to react more easily so far. Everyone's path will be different but I'm down to a 3 month plan (or less sometimes).
I retired at 55 (3 years ago) I had a successful career but stressful both my wife and myself have enough pensions money to be comfortable I have a house cars and a nice boat all paid for The children have had a good education and are both in decent careers If I’d won the lottery at 35 I wouldn’t have struck another bat !
Health care payments are my concern as it is expensive and the waiting list where I am from is up to 7 years to have some operations done , If I can get a resolve for that I would be good to go - working on it.
We are looking at retiring in 3 months or so and the biggest concern we have is health care till we are both able to be covered by Medicare. The plans I have seen out there are expensive and really don't provide the coverage we are used to. We are both in good health but there is always that what if factor as we are not as young as we once were. The house is paid off along with a new car we bought 3 years ago kind of a treat for us both for retirement. The first thing I really want to do is remodel the house as we have lived here forever but really just maintained it for the most part. That is something I do enjoy doing We did take on a couple of projects the last couple of years replacing the cabinets and redoing the whole kitchen. Before that was a Bathroom. I have the rest of the house to go so I think we will bey busy for a couple of years, LOL..
Have you looked at your jobs COBRA for health care? I am retiring at the end of the year, and the 18 months of COBRA until I’m 65 is a much better plan then what I can get on the exchange at my income level. I will be paying for coverage I know will meet all my needs, including dental and drugs and access to a free clinic. The ACA at the same cost is really only covering catastrophic care, with a $10k deductible.
I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering. Any recommendations?
Own my own business. Great idea about just stop doing the things you don’t like to do. It didn’t cost any more, just put the load on my current employees. At first they said they didn’t have no time for the extra work so I eliminated their afternoon breaks. Now all is well. I said if there’s any other problems let me know. So far they seem to be good they are doing the work I didn’t like and they haven’t mentioned again about not enough time . Now I get an extra 2 hours a day to go to the gym and still make happy hour at the bar.
Why did the retired couple start a coin-collecting hobby? Because they realized it's a great way to turn their loose change into a retirement treasure!
Was all set to retire with my 401 K then the keystone pipeline was cancelled, crashing economy so I am still working and losing $$$ faster than ever by investing
Retired 7 years ago at age 62. Not one day of that 7 years have I missed working. Not one day of the 7 years have I thought that I made a mistake. If you work and you enjoy your weekends, holidays and vacation time, then know this, being retired is endless weekends, endless holidays and endless vacation time. If you get bored in retirement, you are doing it wrong. The idea that you must find something to do to be happy is BS.. I get to spend everyday with the love of my life. We will be together 50 years this fall. We love each others company. Look, we both worked, but never lost sight of the reason we worked and it's wasn't for anything silly like a sense of purpose. We were there for the money because as an adult you need money to live. Once we no longer we needed an income from work it was time to retire and reap the benefits of our life long labor. When I retired I retired. Remember you can't be retired and still be working. The definition of retired is literally "no longer working".
I retired a year ago at age 60. There is so much to do that I enjoy-Gardening, travel, volunteering, sometimes I work just as hard as when I worked for money, but it’s on my own terms, not for any entity.
Thank you for sharing!
aren't you an entity
I cannot wait for boredom and purpose to be my biggest problems
Retired 4 years. Never disenchanted. Agee 59 now. Honeymoon ends and freedom emerges. Bored less than 1 in 100 days. Key is interests, hobbies and relationships
Thanks, Joe. I like the "interests, hobbies, and relationships".
Good to see you follow Streamline also. The thing I like most, mixing financial and non-financial information together, to allow you to live and plan for the best possible life.
I had to leave my FT job as a Nurse to help my 93yr old Mom who is now 95..I do work provisional 2 days a month to keep my current job. I'm widowed taking my SS widow benefit. Taking care of your elderly parent is challenging. Out of pocket elderly care is Very Expensive. The elderly if they didn't work outside their home doesn't give them extra $$. I've enjoyed all your information. I have always lived on a budget. But there is always room to improve. Thank you
The proclamation of The Gospel of Jesus Christ is the focus of my retirement.
After all, since by Grace, those who have been given the gift of Saving Faith in Him are going to be spending all of Eternity with Him, best to let as many people know about The Lord's Love while we're here!! 😊
I was off work for 8 months and loved it ,No disenchantment here,actually l've never been happier, Between going on long walks everyday,then working out on weights,my side hustle on ebay ,planning my meals out,my coin collecting,my gardening, ect,ect all on a daily basis actually not enough hours in the day.Also no stress having to go to a job that kinda sucked.l felt free lm not working a day past 62 tomorrow is not guaranteed go at 62 ppl.
As a longtime retiree I can tell you that retirement can be terrific. But not necessarily easy. It is another stage of life, and to be fulfilled and satisfied, you have to work at it. And it does not happen overnight.
For a young guy, you really have a lot of insight about this subject. Keep it up.
Thank you for this. Much appreciated.
I retired at 46 and haven't regretted it for one second..
I met 3 out of 5 reasons...so currently i am not ready to retire yet but will work towards it! Very geniune & sincere advice! Thank you!
Thanks, Fayth. Don't let this video stop you.🙂 These are some considerations think about as you're planning.
Retired for 1 month now at 58 years old. I enjoy working with my hands have many projects to do that I did not have time for when I worked. However, I place maintaining my fitness first and excercise at least an hour everyday. I will continue to participate in several olympic length triathlons a year. Run, road and mtn bike, swim, cardio kick boxing and yoga take precedent over my projects. I stay as busy as when I worked selling medical implants. Excercise is the fountain of youth. Enjoy
That’s incredible! Great advice!
Today is my Last Day! I retire in 4 Hours! 🎉 I am not totally ready to Retire for good? I will Begin my Pension Aug 1 2023 and then return to work Part-time in the Fall and work atleast 6 more months? I am Single, 61. So I may begin Soc Sec when I retire Again next summer? Or may delay to let it grow? I hope working Part-time will be easier on me? I. Work Full time and am tired all the time? Part-time may allow me to get more rest and do more while I continue to work?
Dave, there are exceptions. I'm that. I have no debt. I own multiple properties. What I need is the business of interaction with my multiple colleagues in my engineering industries. That energy drives me. Money is not the issue. Work, contribution is the issue. I'm am 70 and I'm not done yet
Phasing into retirement would be what your describing , staying at work with less stress, less money, more relaxed! We would love a templet to work from to approach our employer with in our phasing from work….
Thank you, David. Very helpful. I am 63 right now and still happily working.
I retired 18 months ago and am loving it. Since I enjoyed being with the people I worked with, I am now the birthday lunch planner getting people together for fun pretty much every other month.
My retirement gives me more time to spend with my 2 y/o granddaughter and 91 y/o mother as well as church ministries and the food bank and some travel.
I very much appreciate the holistic approach to retirement that you provide encouraging us to take care of all our needs and to look further.
I have been working since 1977 .In last 46 years about 30 years equivalent days i have put in more than 12 hours work per day.Since my work involves lot of creativity i enjoy working but off course i can no longer work for long hours without feeling the stress.I have complete financial freedom but now work is not my priority but more of a passion and pass time.I am enjoying this period.I am 68 years old.Keep smiling and keep working to keep Alzheimer's away.
Amazing ! Thank you for sharing.
Good points in this video. Any good decision must move one towards something rather than reacting. Retired 5 years ago to portugal. Blessed with a curious spirit throughout my life. Loving retirement
Dave, thank you so much for your road maps. I'm 54 and I am going to follow your advice step by step! Bless you!
What a fantastic video! I am based in Europe and it's helpful nonetheless. Thank you!
Great vlog with some brilliant points raised Dave. So accurate in my experience 👌🏻
I like to play video games, hit the gym and hang out with kids and family, walk the dog, do gardening, but... I tend to forgo things so i can decompress from work... Like reading, visiting family at cottage weekends, visiting brother at his Florida house, visiting infirmed mother, napping mid day when feeling tired and burnt out , etc. At 55, I'm already noticing what I'm giving up my continuing to grind. Maybe 2-3 more years but I'm looking forward to it
Four days before I graduated from High School. I line up my ducks in a row and follow it to the T. I'll be 60 this year and I can say my planned has worked flawlessly to this point. And I don't see nothing standing in my way to finish my life to the end of fullness of nothing but happiness. I'll never do a complete retirement plan. I set up my plan to semi-retirement plan. I already finish my bucket list and taking all the vacations that I would like to take. Short trips and long trips. My last trip which was only 4 hours away. Was a three day trip to Put-In-Bay island and had a complete blast like all my trips. I don't work hard, I have money, but not in the richest status. Just comfortable out of debt since 36 and even own my own home with no mortgage to owe. Life is to have fun. You plan it for today, not when you're old. I turn the tables to my advantage. Not the old fashion way, that's the wrong way of doing it.
Thanks Dave ! And nice to see Joe watching this.
Cheers
You're welcome. Agreed! He's great!
Excellent .. still love my job so no plans to retire anytime yet , but very good advice for the future .. thanks
Thank you for this video. Appreciate it as we review to retire or not. Helpful
This video was so helpful for me as I contemplate retirement!
Thank you!! 🥰
Dave, you are right on the money that some should consider “retiring” to a reduced workload that lessens stress and rids them of some of the less enjoyable parts of their work. As a “retired” CPA, I now do only consulting and business succession planning work a couple of days each week. Besides the benefits that you outlined, I find that it also has helped a number of clients, as well as myself, by creating a middle stage between full time career and full retirement. Many have a very difficult time with the thought that the nest egg that they have created over many years may now start to shrink instead of grow. In this middle stage, they likely make enough to fund their lifestyle and defer dipping in to the nest egg for another few years. Thanks doing these videos. I have referred many clients to them.
Thank you, Gary. This is great insight.
Yes, we are doing this as well.
Retired six years ago, enjoying it
Fantastic !
I’m retiring in 2 weeks. Really looking forward to it, but honestly my life isn’t going to change much. I’ve worked from home for the past 15 years and for the past couple years my job has been damn easy. So just not having to login every morning is about the only difference. That’s temporary though as we’re moving to Europe in October so I guess in that way we’re retiring TO something.
Congratulations. Hope you have what sounds like a well earned exciting next chapter.
Congratulations, Rick! Very exciting!
Congratulations 👍🏻
I left a 3C job I loved! I didn't take the gradual move to retirement, BUT I could go back to consulting easily if it makes sense in the future. Leaving has allowing me to have at least a year vacation (time til I'm allowed to consult directly, although could immediately consult for another company). I definitely didn't run from my job but I do worry, and I knew this going in, that retirement might not solve all the problems I was facing. Good video and makes me re-evaluate, which is what we should all do before and after retirement. My planning horizon has changed from what I thought was 5 years when younger (really never was looking back) and is now under 6 months for many things, mostly wife's health. Being retired allows me to react more easily so far. Everyone's path will be different but I'm down to a 3 month plan (or less sometimes).
I retired at 55 (3 years ago) I had a successful career but stressful both my wife and myself have enough pensions money to be comfortable I have a house cars and a nice boat all paid for The children have had a good education and are both in decent careers If I’d won the lottery at 35 I wouldn’t have struck another bat !
Thank you for sharing! It sounds like a great position to be in.
Health care payments are my concern as it is expensive and the waiting list where I am from is up to 7 years to have some operations done , If I can get a resolve for that I would be good to go - working on it.
We are looking at retiring in 3 months or so and the biggest concern we have is health care till we are both able to be covered by Medicare. The plans I have seen out there are expensive and really don't provide the coverage we are used to. We are both in good health but there is always that what if factor as we are not as young as we once were. The house is paid off along with a new car we bought 3 years ago kind of a treat for us both for retirement. The first thing I really want to do is remodel the house as we have lived here forever but really just maintained it for the most part. That is something I do enjoy doing We did take on a couple of projects the last couple of years replacing the cabinets and redoing the whole kitchen. Before that was a Bathroom. I have the rest of the house to go so I think we will bey busy for a couple of years, LOL..
Have you looked at your jobs COBRA for health care? I am retiring at the end of the year, and the 18 months of COBRA until I’m 65 is a much better plan then what I can get on the exchange at my income level. I will be paying for coverage I know will meet all my needs, including dental and drugs and access to a free clinic. The ACA at the same cost is really only covering catastrophic care, with a $10k deductible.
Working at a hospital 32 hours a week will cover 3/4 of your health insurance and half of your spouse.
Travel, ride a bike, plant a garden etc....
I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering. Any recommendations?
I ma freelancer in 50s. Make a video about that topic
Good idea! Thank you!
Don’t retire if you have no money!
Own my own business. Great idea about just stop doing the things you don’t like to do. It didn’t cost any more, just put the load on my current employees. At first they said they didn’t have no time for the extra work so I eliminated their afternoon breaks. Now all is well. I said if there’s any other problems let me know. So far they seem to be good they are doing the work I didn’t like and they haven’t mentioned again about not enough time . Now I get an extra 2 hours a day to go to the gym and still make happy hour at the bar.
Why did the retired couple start a coin-collecting hobby?
Because they realized it's a great way to turn their loose change into a retirement treasure!
in some videos you say you work with retirees for 14 years un other videos you say 25 years. which is it?
Good Question. Streamline Financial has been around 25 years. I've been an advisor for 14.
Case in point: By selling my gas guzzler truck and borrowing to purchase a Tesla, I actually lowered my monthly expenses.
123123, I’m out 😏 59
Was all set to retire with my 401 K then the keystone pipeline was cancelled, crashing economy so I am still working and losing $$$ faster than ever by investing
What goes down goes up