11 Harsh Realities of Life for a 60 year old retired man.
HTML-код
- Опубликовано: 30 сен 2024
- 11 hard lessons I learned and now believe about life as a 60 year old retired man. This is my list and yours will be different. Perhaps one may inspire you. Can I retire now? Retirement planning.
Everybody talks to God Video: • Aaron Lewis - Everybod...
------------------------------------------------------------------
PLEASE STOP USING EXCEL!!!!!! It falls way short optimizing every retirement factor
Retirement Tool Link I reference and highly recommend -- New Retirement. Free 2 week trial. $120/yr after. You will buy this after trying (I have purchased for 3 years).
www.newretirem...
--------------------------------------------------------------------
Money Pickle - FREE! use link to set up a FREE 45 minute dialog with a Financial Advisor
No obligation. Get answers to your questions. Get an expert to look at your plan.
moneypickle.com...
---------------------------------------------------------------------
Plant Manager, Maintenance Manager and Career Consulting -- 1 hour virtual via Teams/Cell Phone
sowl.co/s/bQifp
-------------------------------------------------------------------------
Most Popular VIDEOS
Health Insurance before Medicare • Health insurance on FI...
You Cannot retire with these 4 • Can I retire? What ar...
*2 shocking surprises in retirement * • 2 Shocking Truths disc...
*15 things you must let go to retire * • You must "let go" of t...
My retirement budget • Can I retire? Expenses...
* 5 early retirement regrets* • My 5 Regrets Retiring ...
this convinced me to retire • This was the push I ne...
Timing of Social Security • I made a MISTAKE takin...
How I fill my buckets • How I fill my 3 Bucket...
How I document my retirement plan • How to document your R...
*What I have learned from 300 retirement coaching clients: * • You have errors in you...
---------------------------------------------------------------------------
RECOMMENDED FINANCIAL ADVISOR
Neil Fortwendel with Northwestern Mutual ph: 812 549 5213
Video by Lean Driven Reliability LLC
This is not investment advice. For entertainment ONLY. Seek professional help to understand your unique situation.
#retirement #retirementplanning #retireearly #retireearlyandtravel #financialfreedom #financialindependence #retirementincome #retirementstrategy #findingpurpose #keto #ketodiet #ketovore #hiit #hiitworkout #healthylifestyle
Being present. I found that life is much better when I stopped trying to maintain one-sided relationships. If they don’t want to spend time with me, I will go find those who appreciate me for who I am and not what I can do for them.
👏🏾👏🏾
Amen to that
I think many find work to be that same type of relationship. They take and take from you until you have nothing left to give, then toss you out when you're most vulnerable. You're only as valuable as what you can do for them right here and now.
I can't find anyone who just wants to be a close acquaintances. Friends are impossible to find.
@@gybx4094agree!
Lesson - You think you have 15 years left of good health but you absolutely do not know and it is not guaranteed. The years between 60 and 65 have drastically affected both my husband and I in ways we never saw coming. Do what you want now and live your life in the present.
Yeap, that's the change. We retired early and about three years ago I had health issues that change me and slow me down considerably. 15 years if you are lucky and optimistic. We had 7 excellent go-go years.
so true.....many times life takes you places you never planned on going, health is huge, don't take it for granted
Yes. i have had the healthiest eating diet this year than i have in my life. My wife still eats as she wants, her health is not good( stroke years ago and partially disabled) i realize i could eventually live alone.( i hope not, helping my wife and trying to keep her happy)..Our Go Go years are already gone i am convinced.
"The whole future lies in uncertainty: live immediately.” -- Seneca
Oops...I'm in BIG trouble: I'm 75 and figuring I have at least 10 more "good years!" :-(
Enjoy your spouse while they are still with you! Life will be quite different without them!
So true!
My wife (age 60 at the time)had a stroke and she seems different now: short tempered, impatient, quick to cry or accuse with little provocation. ...And this stroke was labeled as "mild." The alternative ...life without her...is far worse. I spend the day making peace, smoothing things over...she claims she is unchanged. I can't turn back the clock, but I'm happy it's still ticking.
I can’t find the words to describe how much happier my life is without my former spouse.
@@coppingtonfarnham7731 so sorry, discuss with her doctor, perhaps there are meds or therapies that can help
@coppingtonfarnham7731 I'm sorry to hear that. She sounds like my wife but to my knowledge, my wife has not had a stroke.
Nice song Joe. I feel your pain on helping your parents through the long term care maze. I agree will all your points. My addition would be to go easy on yourself when you realize how many of these priorities have been neglected as you were working away at your career. Just start again - lean into building back your faith, relationships and hobbies.
I love it. Thanks
Tomorrow isn’t promised so enjoy today.
Thanks for sharing awesome tips! I'm 41 financially free and currently growing a solid retirement plan. It takes a positive attitude and consistency to learn new things and unlearn the old habits. It is important to get a mentor or coach to lead you all the way. It's great to start young too!
Hi, I'm 35 working on my retirement fund too. What do you think is the best target for retirement?
@@AngelaPhillips-v9xInvesting without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
I'm trying to read books about finance, budgeting, and saving. Looking at having a good financial advisor. Can you recommend
@@AngelaPhillips-v9xI work with Caroline Suzan Olson, her services are cost effective and very efficient. I recommend her to anyone, anytime any day. she's really great You can do your own due diligence.
@@RozaliaWelczakHow do I reach Caroline Suzan Olson?
Some people listen at 1.5x?
Amateurs! 😅
Yup, even 2 x is too slow if the person speaks well.
Among your best posts, this one. Really good stuff.
great list, Joe. I would add being okay with knowing your limits and safely pushing yourself physically.
Say less, ask questions, listen more, and be present.
Don’t even ask questions
@@Jane5720 Socrates asked questions. That's all he did. There's a lesson there.
@@GeorgesDupont-do8pe i’m not actually interested in any of the answers
@@Jane5720 Sorry to hear that, hope life gets better for you and reignites some interest. Does anhedonia mean anything to you? Or have I completely missed the point?
Good advice!
YES, you helped convince me to make the plunge last summer - still wary. I had multiple excellent reasons to continue teaching - already went 3 years longer than needed to get pension. Decided I must make it real, or I'd die at my work desk! I wish at 30 I switched careers to make more money ( high school teacher)
Hey Laura, I'm a high school teacher as well (58) and am debating doing 3 or 4 or 5 more. I could leave now, but feel like I will be leaving too soon at 58 financially. Curious as to when you stepped away. Maybe you will give me the push I need to leave earlier, because I think I'm ready right NOW.
I love hearing about your faith in God. This was important that you added that point :). Thank you !
It’s hard to leave out and be honest
My wife and I retired when I was 60 and she was 56. Everyone thinks we sit around and watch TV.😅I don't know how I had time to work after three years of retirement. We are having the time of our life and I'm grateful for every day we have together and have vowed to never take it for granted.
Your most insightful video to date. Thank you for sharing.
Joe, thank you for choosing to dedicate your valuable time to make these incredible videos. You inspired me and I am retiring next May at age 59. My colleagues keep asking if I know what I am doing! Ha-ha. Your videos are being used as one of my advisory counsels and thank you for allowing us viewers to live vicariously through you.
Fantastic!
Great perspective. At 60, you really do only have about 15 years of healthy time left, and maybe not that much. The time flies by too. I was 62 in 2020, a memorable year. The last four years went by like nothing. I was in my most prime peak of life 12 years ago. Not really much off of it now, but I will be in 12 more years. Also be careful about starting a business when you retire. Great if it's a part time hobby you can monetize, but the last thing you need is a storefront business where you have to be there all the time, worry about hiring and firing, potential legal controversies with customers and vendors, and dealing with the public. You won't stand that stress in your 60s if all you've ever done before is worked as an employee at a corporation. The good news is that retirement is probably going to be easier than you think. Once you're no longer tied to your employee job and all the commuting and after-hours work that goes with it, you tend to find a lot of worthwhile things to do that you never had time to think of before. Your mind is relieved of unconscious stresses you didn't even know was there. Plus, you see your kids all grown up and realize they don't need you any more, which means you did your job of raising them well. Lots of good things happen 60+.
Love your wisdom
@@joekuhnlovesretirement I like your perspective and subscribed to your channel. Thanks for taking time to present your experience of being retired. It will encourage and comfort those who are not there yet. btw. The "little bits of information" is a most profound insight. I have seen time and again in my life how one additional piece of information turns seeming defeat into victory. As we age to 60 and beyond, we have more information and insight to pass along to others that may help them at critical points of their lives.
Azul always says that at 60 you most likely have less then 1000 healthy active weeks ~20 years
I have a friend who’s 85 and we play golf 3 times a week. We walk the golf course. I’m 59. Gotta keep moving
@@tomf9292- I’m trying to resurrect my golf game for retirement. I’m walking the course to help get in better shape. Still a year away from retirement. In my youth, we used to play 72 holes in a day during the summer, now, I’m “beat” after 12 holes! Got a ways to go in get into “golf shape”.
You can achieve a lot in twenty years.
@@tomf9292 good advice
"The youth of your senior years" - not as long as most people think it is.
60 too. Could have made same vid had I been as articulate as you. Anything extra to add?? Hmm. Women and men have more similarities than differences. Value each other. Choose your own time to depart with dignity, but try not to leave too much mess.
My husband and I are 10 years apart, I am 60 and he is 50. I will share this video with him as it isn't getting through to him that if he works until he is 65 I may only have a very few years left (if that) to be active together and do things! We are blessed to be financially stable and could retire today after scrimping around for years (we have 30 year old cars that we just keep repairing for example) but he is struggling seeing the value in having time together vs more money. Thank you Joe. You going out on a limb to share these things means more than you know.
😜
My wife is 11 years older at 70, and I retired this year at 59. We don’t have more time for me to work.
There are 5 years between me and my wife. When I was 55 and she was 60, she started asking when I would retire. I said another 5 years. Well now that is already 6 and I am finally realizing that time is of the essence. I hope I don't regret waiting that extra year or two.
Time flies, years slip by so quickly and you cannot get it back. Don’t have “ I wish I’d done …” as your epitaph
Good video. I am trying to avoid the subjects of politics and religion with my sister who is my only family and who lives across the country from me. It is hard for us to have a conversation without one of those topics cropping up. Sometimes we agree but I have found it really best to just go along with her anyway. Conflict is stressful and accomplishs nothing so just keep it positive. 😊
a 60 year old can expect to "hit the wall" at 63. Science recently announced three "walls" of physical and mental decline we humans hit as we age. The first around 46, the next around 63, and the final wall around 78. They didn't study aging beyond that point. I definitely hit the first two walls right on schedule. Will be 67 next year. I'm definitely not the man I was at 62.
I'm about to turn 63 and I'm still working, and I'm feeling the wall big time. I used to feel like Superwoman. Not anymore. I want to semi-retire but am afraid financially to take the leap. I need a nudge!
great...so I got that to look forward to.
At 63 I can say suddenly I feel distinctly older.
@@lordhogarth great....looking forward to it, hitting 60 rocked me. Sounds strange saying it to people.....
@@kathyslage7059i am 61 and can say that the wall is here; for the past year or so (6 months?) i feel my energy waning my desire to do what i did 2, 3, 5 years ago is not the same. I’m starting to make life changes, talking with the husband about changing up a few things. Still working, still saving (not enough).
You're clearly an energetic young looking dude and it's quite surreal to hear you saying you'll be lucky if you have 15 years left! Yes, that one really is a harsh possible reality, but I'd bet the farm you'll go longer than that. Just my observation here. ;-) So many excellent points you are making in this video.
"Getting the wife" euphoria has never faded. :-)
But your point about the short-liived euphoria of reaching a goal is well-taken. Nevertheless, I still haven't stopped celebrating every day since retirement. One of the biggest life goals achieved.
Well done but expect it to fade away
1.25x for me, lol. But that's the speed I use for most content.
Applaud i am 57 jogged 14 miles Saturday 10 miles Sunday blood pressure 119 over 72. 5' 7" at 160 lbs. At 1,650 miles for 2024 see TheRicioShow
Dad lived to 89, mom 88 they crushed life 7 kids 16 grandchildren 20 great grandchildren great health quality traveled until last year of their lives both born 1932 and 1936!!
Thank you, Joe. This does call to attention all the areas we think are so important and how that list inverts as we get closer to the "end". The end can be the beginning of something else and as we approach retirement in a few months I must admit that the money side of the problem has been solved and I now need to shift my focus to life at 55 and beyond. Health and fitness are definitely where I need to focus my own attention and as I correct that it will give me the incentive and energy to further strengthen the other areas of life that I allowed to fall by the wayside while pursuing money. I thought I was doing what I had to do by working a lot over the years, but time waits for no one. Thanks again.
Wise
12. Don’t be part of an HOA
This is a great one😂
lol, yeah, if you are an average person who can’t be bothered to read and can’t understand what the rules are, absolutely do not buy a property in an HOA. OTOH, if you have lived a life and can see the obvious a good HOA is often a good way to avoid lots of bad outcomes.
@@nunyabidness3075 🙄
@@nunyabidness3075 what is an ‘average person’?
@@mytimebox1 In this case I was referring to the majority who cannot be bothered to read and understand an HOA contract.
I wouldn't say these are "harsh" realities in the video, but they are wisdoms that can bring peace and fulfillment. My mantra as I age is, "Less is more." Like so many other people over sixty, I agree that what others think of me now matters very little, except for people in my family or close friends.
Warren Buffett says the number one starting point for success is marrying the right person. When I was 30, I may have down played that. Now that I'm over 60, I couldn't agree more. I don't know if others would call me successful, I just know that my life has been so much better and easier.
Love my wife and she's been the best partner I could ask for. The problem is my 2 sons can't find decent relationships. Can hardly get anyone to go out with them (and they are picky I'm sure). Moderate in religion and politics (may make it difficult in this area). Educated and decent earnings. Stay fit as they can, etc. Not players or partiers. Can't find anyone. I feel for them. It's as if life has past them by. They don't want to risk a bad marriage now that's for sure.
Never discount the impact of your advice. I recently had a former coworker tell me about following my advice from 20 years ago, and the impact it has had in his life. Hell, I don’t even remember the conversation. He then went on to list several other things he has done based on my advice.
Part of my point here is what may seem trivial or inconsequential to you can be huge to the other person.
Great video Joe. As usual.
Well done
Perhaps not "harsh" but physical things or perhaps possessions have become less important. In other words - my needs or what I think is important has changed noticeably.
True, a few weeks after you retire, your coworkers will basically forget you ever worked there.
Sometimes they forget you work there while you're still there. 😢
Super great video, thanks ❤.
When it comes to deeply held beliefs about your worldview, what do you value more? Truth or Comfort?
“Journey is the joy”
I’m only 38 but have watched a couple of your videos and enjoying them
Jaden, Joe has great advice. Based on your age you should listen to Dave Ramsey. He will line you up for retirement. My son, a 20 year old at the time. Selected a career in finance based on Daves advice. Now, as a 30 year old he looks set. Good luck
You downplayed “stuff” and I generally agree, however stuff sometimes really enhances life and can be used to bless others. Might be a good video subject if you agree. Especially true for overfunded retirees. For me, I’m having a blast with a recent kayak purchase. Really enjoying a new vehicle purchase (my last new vehicle was 36 years ago and not a smart move at the time, goes into the lessons learned category). I’m trying a variety of new hobbies, the associated purchases while not large, have been good investments for the entertainment and socializing these hobbies have provided. If stuff does not provide enjoyment, you’re spending it wrong😊
You have 15 years of good health left? That’s an average you are referring to. The range is 1 day to about 30+ years. You need to plan for both eventualities.
Plan yes. Act as if you only have tomorrow
You can't cover both of those scenarios this late in life. Plan for splitting the difference and adjust that plan every 2 years or so. But KNOW that if you are TRULY lucky, you will get to have 10 physically active years on the front end of that. Enjoy those 10 with a specific list of ehat you want to do and when. Spread it out a little.
ADJUSTING is the key to any successful plan.
Stay away from 55+ communities. They are like the USS Indianapolis - people may interact with you, but true friendships are not happening. There is so much death, that no one wants to get too close to anyone else. It is horrible. My "neighbors" wouldn't piss on me if I was on fire. Stay connected to the real world. Avoid hospices with golf courses.
Interesting insight
"Hospices with Golf Courses"...that's a quotable quote! 🙂 Thanks for the laugh.
I've heard many people say living in a 55 plus is the best time they've ever had.
I'd say that much depends on the 55+ community that you are looking at. Some of them are fantastic with lots of amenities for active retirees.
Really enjoyed this, thanks for the insight. When I first heard the bit about HOA, and grass too long I was prepared to be insulted about some HOA hitting people up with violations, but you really surprised me with your way of dealing with things and helping out, assuming that someone probably is in need of something, not assuming the worst. We really need more of that in right now. Thank you for the uplifting message.
Praying for your mom.
You can be too present. I have an old friend that attended his college freshman son's intramural soccer game recently. That is odd IMO. Again, thos is intramural, something typically no one attends. He claimed he wanted to be their for his son. My counterpoint was, sure, but when do you let him live his life a little and do some of the things you want to???
Thank you for sharing Joe. Harshest reality for me: I was under the impression that wisdom comes with age. Despite all my reading, studying, researching over the years and continuing on into today, the older I get, the more I realize how little I know. The second harshest is that my mind hasn't stopped wanting to do all the crazy things (physically) that I did when I was younger, despite my body no longer being able to do them... at least not at the same level.
Both these are great. My mind thinks I’m 40
So, so happy that your video popped up in my feed a couple of years ago. You’re like a wise older brother who only wants the best for me and everyone else listening. Thanks for making the time. ☮️
Too kind
Great list.
Here is one of the ways you helped me retire.
It’s clear how much you loved your work. Your channel started out about you sharing how you did your job. How to help others do similar jobs.
And you still knew time was more important.
Thanks Dion.
Thank you Joe. I needed the list and the song. I appreciate you brother.
Don't let the old man in.
Thanks Larry
Great reflections Joe.
Love your channel, Joe! "Time on the back porch in the summer"... Ha ha, doesn't happen in NC!
I miss Mayberry.
Great advice Joe. Even counting the ones you know, a mission of giving results in at least an order of magnitude return…
At 55 I prioritize alignment in personal relationships and in business relationships rather than just achievements.
Keep up the good work, Joe! So glad you’re willing to share your faith, in small doses. I’m a man of faith and appreciate the subtle reminders and encouragement.
I do hesitate. I get a few unsubscribers as a result but far more positive comments
My 89 ye old aunt who cares for her 92 year old sick husband at home got hit by her retirement park’s HOA a $3000 lien from a water leak and damage 2 years ago. At the time the park’s contractor said it was the park’s responsibility (leak point is outside of the unit). The office won’t return calls and threatened her to evict her (lien on unit and auction it off to pay the $3k). She is livid. Apparently the management has been doing the same to many residents because they are old, slow, sick, and often powerless and have no help (kids far away or can’t help). My aunt is still clear minded and said she won’t swallow this threat. She lives in Laguna Woods, a big and peaceful looking retirement community in SoCal. I know this comment is not directly related to realization at 60. I just want to share a major challenge for old people. They get taken advantage of by family, acquaintances, strangers, and authorities. It’s inevitable. Mind and body get slow. Vultures are circling.
Don’t spend time with negative or toxic people who drain your energy
I’m not long retired ( November 23) and time flies as it’s nearly a year. I live by simple rules
1) respect others and your surroundings.
2) be there for your family, that includes extended family I’m in a second marriage I have adult children and one grandchild, my wife has 3 grandkids (aged 19-26) and one great grandkid (3) I’m there for them as much as for mine.
3) avoid debt where possible, it can bring massive stress.
4) work, what was that, once you leave you are no longer part of their plans or concerns, and they yours.
5) make sure you replace work with something, it took up 50% of your day before. Having something that keeps the brain working is important, as is exercise. Even if you only go for a walk every other day keep moving as it stops things shutting down.
6) learn to spend, you have spent years building up the retirement pot, the plan is not to keep the pile as big as you can it’s to be used to live and enjoy life.
I wished i had listened to my younger self and saved way when i should have. I was the one who was the..."Why should I save all this money, and i dont even knownif imma live that long. Only for someone else to enjoy my fruits of labor?" That was my thought process then besides family expenses and child rearing. I had a LOT of money come thru my hands i could have invested and saved. I started at 45 with the coaxing of my best manager ever in my working career to get started. I will be nowhere near the 500k club, but i will be "comfortable" and do a few things as to trips i want to do. But I could have had so much more! I work in the healthcare field( not a dr or nurse) and am retiring at the end of 2025. I try and relay this message to my young nieces and nephews and my son. And i use my example to bring it on home.
May I ask your age? Wanting to retire here at 55
@mikemiller3428 who me ? 64. The younger me was referring to when I was in my mid twenties and thirties. If you are set financially you're good to go I suppose.
Wish I had known these earlier-
(1) Saying No for right reasons was as good a deed as saying Yes for a good reason. No has a negative connotation to it especially when it is to be said to a person senior in age, relationship.
(2) Permaculture was the biggest blessing I would say. It encapsulates (1) above in best interest and truthfulness. And it’s not just limited to permanent agriculture but has 💯 percent association to social, cultural, economic and political conducts that it helps you see why ecosystem in any sector failed. Permaculture is permanent culture- it’s about earth care, people care and fair share.
(3) I am a happy atheist. Born in an Indian Hindu family that thankfully was very logical and liberal even when they were not atheist and they believed in “live and let live” the transition was simple for me. I am thankful for that daily esp when I read in news how much the world is divided and how our practices are in contrast to the teachings of any religion - teachings that are no different from principles of humanity.
(4) I would like to believe I am a good listener and have learnt to pick up tough conversations and learning to fight off hesitation.
Yep, there are two sides to every story: My side, and the wrong side.
Agreed, says most of the Internet.
Amateur , there's only my side. Lol 😂
Exercise and diet are absolutely important for health and are somewhat controllable by the individual. However, if you have genetic conditions like elevated Lp(a) cholesterol, your coronaries arteries are likely to clog in your 60s or before, no matter what you eat or how much you exercise. In the US, you are really just waiting for one of the clinical trials to finish in order to get medication.
I look forward to your video on long term care. I've been in that line of work for nearly 30 years as a nurse consultant and starting a RUclips channel on guidance. Wish you well in all your decisions with your mother.
All 10 are good Joe, but number 5 is way underrated and practiced. Presence is truly experiencing the moment, indeed. BEST...
Life Lesson - Learned the hard way: Listen to your body! Just pushing through and ignoring those aches and pains isn't the best approach at 40+. Ease up, try to figure out what is wrong...and if that does not work go to the doctor.
your master is where you spend your time. so true, Jesus said in Matthew 6:21 "For where your treasure is, there your heart will be also"
You always think you have more time, but you never know; so cherish every day and make the most of it. I lost my wife at 49 years old after 10 years of leukemia. It gives you a different perspective on life as to what’s really important. I made every year count, and so should you. Take those vacations with your loved ones, eat dinner with friends. Live life also. Like Joe said, it’s all about the journey. enjoy every day.
For more insight into the journey, “Ithaca” by the Greek poet C.P. Cavafy is worth a read.
Love this video, constantly finding, learning about myself and changing. Nice that you provided road signals.
You nudged me when you illustrated the bucket to do list as a function of time. It was the first time I realized that I was putting off doing things to a time when I was unlikely to be able to do them. Thank you.
I listen on 2x speed!
Me too.
Thanks Joe. I appreciate your authenticity . Good to hear how important faith is to you to help you on your journey
Very welcome
Its true, never would i have thought when my wife left the workplace to watch the babies that she would refuse to ever go back to work. Crippling financial impact too late at 60 to change now.
"Your nudging is a gift to give" I'm going to try & remember that.
To my younger self: Faith evolves and that's OK. Your beliefs can change and that doesn't mean your were ignorant and wrong before, but your thinking has changed through experience. Not everything old has to be rejected in order to see something new. Coexistence is OK. It is OK for understanding of the world and universe to be contradictory at times. It doesn't have to all make sense this very moment, and the head vs heart debate is OK. It's a great puzzle and journey.
Faith - finally, make up your own mind. No need to conform.
Great list! Love your channel. Two comments came to mind while listening:
Scripture says to speak the truth in love. Emphasis on 'love' (Ephesians 4:15). Also, the great theologian, Charles Spurgeon, says, "If you are drawn into controversy, use very hard arguments and very soft words."
Life is miserable when your sixty and poor
Your healthy life expectancy is something that you have a great deal of control over, probably more than you have over your finances.
I'm 79 years old and my wife and I have enjoyed twenty wonderful years of retirement so far and the reason is diet and exercise - neither of us is at all athletic or come from long living families - my ancestors dropped dead long before they reached my age. We walk, hike or ski every day and life is good.
I'm glad it has worked out for you and your wife. However, I politely disagree with your point. Yes, you can do lots with diet and exercise but illness and accidents can (and does hit) out of no where. You have NO control,over this. Financial control is mostly totally controllable, each individual decides on the risks they are willing to take, including no risk. You don't get this with your health.
I retired 18 months ago was doing ok physically and now I have back, hip, knees foot and ankle issues. All were from military service in my 20s. They are coming back with a vengeance! Still active but have had to slow down some. Can’t do the household projects without being out of action for a few days after. Retire when you can and enjoy your life now, not later. Oh and by the way i turn 60 in October.
This has to be one of the best videos we have seen in YT. Your last three videos about stocks, risk, and now realizations are absolutely gang busters. Forward the video to friends who are about to retire and sat with my wife of 40 years to have a conversation about it. A lot of the 11 realizations coincide with our experiences. Specially number 1, health. Our three main factors for retirement planning are health, expenses, and longevity. Everything is derive by them.
We would add to the list that the purpose of life is to be happy and, in retirement, emphasis on happiness through experiences and service to others for us is of utmost importance. We love number 1, being present, and faith. They are so true. Thank you for this video. Going to use them in my book with attribution.
I love it
Do you really see how many people watch accelerated speeds? Your cadence does give my mind often the pregnant pauses it needs to wander and i've realized I've missed half the video. Your diction and cadence make 1.5 perfect to understand and hold my attention. Hopefully that doesn't screw your results.
I can’t see speeds but I get comments
Question,i read somewhere on one of these posts that someone mentioned have 3 years of cash squirreled away - in their estimation $300k. Is that really liquid cash in a money market, another bank account, the safe, iBONDS, something like that? What about what’s in the 401K, the IRA, the Roth, how does that come into play?
Spot on. I officially retire this week at 57.5. Your channel / shared experiences have helped me prepare, gain confidence. Thank you.
Congratulations
Buy the best Long Term Care insurance as soon as you can , while you are healthy... Don't wait until 50s. I'm a disabled 53 yr old former insurance agent. Life changes in a moment.
11 will change when you turn 70 however you have to get there.
I hope not
My biggest realization happened 4 days into my retirement, 18 months ago. I unexpectedly lost my wife of 42 years. Worst thing that someone goes through, yet almost half will experience it. The realization was that your retirement plans may never happen how you thought. Also, there are a lot of widows & widowers out there that are pretty much forgotten…
It took me 60 years to fully appreciate the power of building good habits. They are essential to reaching goals and just living a better life. As F.M Alexander said, "People do not decide their future; they decide their habits. And their habits decide their future."
I am 64 and have retired twice. The first time I returned back to work was because I was offered a cash grab job for eight months. Then my husband got laid off and couldn't find a job. I had to go back to work to provide health insurance for us. I am still working and hoping to fully retire some day but it is hard to live on social security.
It's hard to have a good relationship in this heated political environment with siblings when my wife and I are the moderates. I remember 15 years ago arguing with my sister over the ACA when we were in the room waiting for my dad to die. My family didn't like the ACA at all and it's what I needed for work (I worked at small independent shop without benefits). Felt a personal hit. Fast forward 15 years and 2 of my sisters are using the ACA (and I am too) to be able to retire early. Yes, we can be serious about our religion but please don't use it to hit other people over the head. That's what I have against it. Love my current church and we don't do that.
Um, baby Yoda is experimenting with gravity?
He has moved
LOL very observant Anthony!
I was going to comment and say something about baby Yoda being upside down on the upper shelf!
Heres something i learned that i wish i could tell my 30!year old self: blood cancers are a roll of rhe dice and it doesnt matter how much you run and work out and eat right...youre still going to get it and you'd better prepare.
Very insightful Joe, so true on the nudging part. Your channel has definitely helped me in my journey to and in retirement. God bless!
Glad to help
Great to see your message about your faith as part of this. Nothing better than knowing, accepting and believing that Jesus Christ, the Son of God, is your Lord and Savior.
I am getting ready to go on 2 short term mission trips to western North Carolina to help with relief efforts with NC Baptist on Mission and with Samaritan's Purse. All the areas affected by Helene need volunteers and donations. I hope many of your listeners will help too!
Health span…good way to differentiate between how long you live vs. how long you can do things for yourself.
Exactly
“You prove every day what’s important to you by where you spend your time”. Good one Joe! I’ve been watching you for quite a while now, and this video ranks towards the top.
So many of the Over 60 channels paint picture of doom and gloom, a matter of fact many of the 20, 30 and 40 yr olds surviving on gig work offer the same message. Live in the moment, enjoy the chaos.
Love what you say about faith. Also a Catholic here with a scientific mind which has gotten in the way at times. I appreciate your perspective and working on retiring early. Still in my 40s.
This is been perhaps one of the most practical and insightful sites that I have come across as I have contemplated my post- executive journey. kudos to Joe and thank you so much for your contribution to knowledge sharing!
Save 10% of every dollar you make for the rest of your life and when you become an old retired man, you have money to do what you want. I wish I would’ve started 10 years earlier.
You need to have something to do and people to do that with. When you retire, all of your social connections from work go away pretty quickly. This is an even bigger issue if you're younger than the typical retiree and everyone your age is still in the grind. You have to put yourself out there to form new friendships. Probably the best way to do this is pursue activities that you genuinely enjoy and like minded people will gravitate to that. Set aside some money for hobbies. Nothing is free except going to the public library.
I agree that giving help and time to others is very rewarding. But, many times the old saying "no good deed goes unpunished" has been very relevant in my life as well. So, be careful with your help and time as well.
Why would i reach out to a friend who is so fragile they would talk to me for not going to thier kids wedding? I don’t drink alcohol and don’t eat out so what is in a wedding for me? Better to cut the fragile narcissists out. Its ok to be confident enough to live with out them and you will probably be better off.
Thank you Jesus for another dày
❤
I wonder how many people that loved there jobs finally retire and realize a few years later in the end it was just a way to get to financial independence. I came to that conclusion a few years ago and will retire at 60 instead of 62. You and a few others helped me realize that.
Thanks. That is my message
Congratulations retiring earlier than you planned!
@@yorkpa3767 Thank you. I really thought I needed $2M to retire lol. I fell for the 4% rule and the retirement propaganda lol. It turns out I have enough now but I need to do a couple big home purchases before I go and I want to do that while still working in case there is a big surprise
@@deanrotering879understand the big ticket item on housing completely. I worked an extra 4 months to pay off in cash a new roof for the house it was the last big ticket item I had. Just don't keep adding to the list haha. New Retirement software helped with the planning and such. Best of futures to you!!!
After working for the same company for 18 years and taking severance rather than the relocation package, and taking some time off, I realized it was really all about a pay check and paying the bills ultimately, because when it was over it was over, and it was just quiet literally and figuratively. I got a little too wrapped up in the company defining who I was...it's difficult to explain. All I can say is I realize I'm no different than a squirrel gathering nuts now..