I am 64, do not love my job enough to want to keep going with it, wish I would have saved more for early retirement. My advice is, if you can afford it, retire early while your health is still good.
Thank you for sharing your experience! It's important to prioritize your well-being and happiness. Your advice is valuable for those who are still planning their financial future.
Work is not a hobby to be used to fill time, it provides financial stability. Retirement opens your entire calendar to enjoy doing what you want to do. I'm like many boomers who mistakenly wore the yoke for 40 years to support a family and lied to myself that it was a defacto hobby. I'm retiring next year, and I don't have hobbies to fill the day. However, my priority is to sit on the back porch with a coffee to watch the sun come up, and on the front porch with a beer to watch the sun go down, in the company of my little dog.
It sounds like you have a beautiful plan for your retirement! Enjoying those quiet moments with your dog and the changing skies will be a wonderful way to embrace this new chapter in your life.
I’m 60, and have worked from home since 2018 as an RN. I’m never bored, even though I have more down time than actual work time. I plan to retire at 62 or in about 700 days. Not one minute longer.
Thank you for sharing your journey! It’s inspiring to see how you’ve adapted to working from home and are making the most of your time. Wishing you the best as you approach retirement!
I retired at 60 (I’m now 65) and I have just enough money to get by on which is plenty for me. I get bored from time to time but never bored enough to get back into the grind. There’s nothing I miss from my 42 years working, honestly nothing. I’m not bitter it was just to many years of stress. All in all: I feel like I’m as free as a teenager again but with a few added responsibilities.
I retired at 59 three years ago, and I love every minute of it. There's always something to do to keep you busy, we travel on vacation at least 3 times per year. I never get bored, and I am still young enough to get out there and really enjoy it. If you wait too long, you may regret it.
Thanks for the video Rich & Robi, I have spent the past year on the financial planning journey so I want to voice some suggestions. At the beginning I was convinced I need some help, but I quickly discovered I was not even prepared to meet with a financial advisor. I need to sit down and list/find what I have and what I needed. Several Financial Advisor websites provided check-lists and I also discovered RUclipsrs, like yourselves, giving back. I changed my approach and this is what I suggest others might benefit from. I decided to learn and make a first draft of my plan myself. I started with a spreadsheet of all my assets (bank accounts, 401ks, IRAs, etc) and retirement income sources (Social Security, Pensions, etc) and liabilities (mortgages, car loans, etc) and then moved to a detailed monthly spending budget (essentials & discretionary). Then I moved to an annual financial plan deciding how to pay for all my expenses. This started to raise questions, like what Medicare plan to be on, when should I begin taking Social Security benefits, what do my taxes looks like, how will inflation increase those expenses, how to get the most from my nest egg (i.e. tax deferred vs taxable). How should I invest my nest egg for the 25-30 years while I’m in retirement (asset allocations and return rates). Wow, this sounds complicated but to be honest it’s really not. That is why someone in their 20s can be a financial advisor. There are a ton of resources available for the average person. The most challenging things I found where things like what inflation rate should I plan for. Guess what, there is not magic number and financial advisors will give you the same number you can discover yourself. What rate of return should I expect for my 401k or IRA or brokerage accounts? Again, no magic number, but there are plenty of resources to help you estimate. Example, for inflation you can google the yearly inflation rate for the pat +70 yrs and get the average which is around 3%. For investment returns, you can look at Fidelity and Vanguard who have published return rates based on asset mixtures. From these you can make your own decision. I personally am more financial conservative so I lower the investment rate by a % and increase my inflation by 1/2%. In the end it all just a guess and you will want to monitor you plan and make adjustments through out your retirement. I’ve refined my plan for the past 6 months all in my own spreadsheets and plan to move to a more sophisticated tool early next year (Boldin, formerly New Retirement). The tool will give me the ability to run various scenarios to test to find strengths and weaknesses. I plan after I’ve had some time in the tools to further refine my plan I will then seek out a financial advisor as a second opinion. This will be a flat fee/hourly service and not Asset Under Management. I would avoid AUMs as you will be paying them $10k to $100k during your retirement which is money you can use. For those who find this overwhelming, just give it a try. Take is slow and list all the things you do not know or do not feel comfortable with. I struggles to understand my Medicate plan until I really looked into it and found some very help people to assist. Check out Rob Berger, Joe Kuhn, Retire with Julia, The Money Guy Show, and Otter's Retirement Corner. For understanding investing I suggest Paul Merriman and $Million Made Easy, For Social Security and Medicare I suggest The Medicare School and Dr. Ed Weir. If you are looking for a planning tool take a look at Boldin (formerly New Retirement) Ok, that was a lot, but I hope it helps someone.
Thank you for sharing your financial planning journey! It’s inspiring to see how you took the initiative to create your own plan. Your detailed approach will definitely help others who are starting out on their financial paths.
I just found you guys recently. I am enjoying your channel. Like Robbie I am a registered nurse and I am 54 and have been doing nursing for almost 30 years. I am so ready to retire. I get a pension where I work and I can take it at 62 and I am also going to take my social security early at 62. I am with Rich I will not be bored. Just want to have more time and enjoy my life. Both my parents died in their early seventies. You just never know as you get older how your health is going to be in the future. If you can afford it I say go for it!
I so feel you on this! I am 55 and a Nurse Practitioner and have always enjoyed working but lately feeling like all I do is work! Kids now out of the house and my husband is retired. I worry about retiring early and no insurance until 65 when you can draw Medicare. So I would have to work to just pay for insurance😔. I’m with you and ready to enjoy life more😊
It's great to hear you're enjoying the channel! Your dedication to nursing is admirable, and planning for retirement sounds like a smart move. Here's to enjoying life to the fullest!
Find a craft to do while you are retired and make extra money while you are retired. My parents are in their 70s and resale antiques and homemade crafts every weekend at the Farmer's Market and make a good income (in cash) every week. Not too shabby. They get out and socialize there too.
My wife and I purchased a home on a lake in Georgia and are waiting for our house to sell in Montana. Once the house sells we are going to both retire with a pension. Kind of scary since I have been working since age 11. What is also scary is paying $2400/mo in healthcare premium until we can jump on the federal program. Both 57 so it will be awhile. Love your channel. God is good!
Healthcare is definitely the biggest unknown expense. That is the single reason we have not retired yet, as even though my wife has worked 37 years for the military, she is still 10 months shy of her MRA to get the healthcare.
I so want to retire! I've loved being a nurse, but caregiving burnout is taking its toll. I have hobbies and interests I want to have more time for. Volunteering is a great way to give back to the community ❤
It’s completely understandable to feel that way after such a demanding career. Taking time for yourself and exploring your interests is so important. Volunteering is a wonderful way to give back while also finding fulfillment!
As a nurse, I’m the exact opposite…I burned out in nursing because it didn’t suit my personality. For me, I would rather be busy doing things I enjoy. I definitely don’t have a fear of being bored!!
I retired 4 yrs ago at 55 after 36 yrs working for Australian govt. I had a lot of anxiety about quitting a few yrs out for all the usual reasons eg loss of identity/purpose etc. Thankfully they all proved to be unfounded and it’s been the most freeing and best time of my life. I’m fortunate I have cpi indexed defined benefit pension that’s a lot more than my salary ever was and finances/budgeting are not an issue. I just do what I want every day, buy what I want, front row seats at concerts/events, 5 star hotels and restaurants. I play tennis a few times a week, gym, swim etc, go,off peak when there is no traffic - it’s just nirvana for me and my wife.
It's wonderful to hear how retirement has brought you so much joy and freedom! Finding the right balance and enjoying life to the fullest is what it's all about. Cheers to many more happy years ahead!
I am one of those people….. at 63 I woke up on vacation sick and within a few days was diagnosed with ocular Myasthenia Gravis…… and now medical disabled and our go to years are now going to doctors! Go now! Dennis
Thank you for sharing your story, Dennis. It’s a reminder for all of us to take our health seriously and not take a single day for granted. Wishing you strength on your journey!
You absolutely right on with your perspective regarding Healthcare. I couldn't agreed more. Its give me peace of mind to retire earlier than expected. I really enjoy your video.
I'm glad to hear you found value in the video! Healthcare can be a tricky topic, but it's great that it has brought you peace of mind in your retirement plans.
I work remote and often travel to different locations to help out family, and work from their homes. I had the realization recently that when I do this, I am never actually with the people I’m staying with. My mind is in a completely different place. I have come to see this as a real problem. I think being fully present, with whatever we are doing is so important. Be it helping others or just enjoying travel or some other activity, if we have part of our mind on work, we aren’t really there. This one realization brought me to the conclusion that I am done.
It sounds like you’ve had a profound realization! Being fully present is essential for meaningful connections and experiences. It’s great that you’re prioritizing that moving forward!
Having recently retired early, I can tell you that the answer to "What will I do?" is whatever I feel like. Volunteer, play, take up new hobbies, coffee with friends ....etc
I'm so glad to find your utube episodes. I'm 68 next month. All of your insite is great. I like being on a schedule, love ❤️ my job, enjoy the sniffs, meeting people, etc. I know it will be a drastic change. it's both scary 😨 to think about but exciting. Knowing when to start social security, how much to start pulling out of retirement funds and such can get overwhelming.
Thank you for your kind words! It’s great to hear that you’re finding value in the episodes. Transitioning can be challenging but also rewarding-you're not alone in feeling both excitement and apprehension!
I retired at 62, husband was 68 and was long retired. I expected lots of hiking in Europe, am in good health and have lots of energy but my dearest love (former fitness instructor) does not. His health is fragile and he is mostly homebound. I have made a few hiking trips with friends and he and I enjoy train travel across the US and Canada but our travel is not what I’d hoped. I was the primary wage earner and couldn’t afford earlier retirement. Couples with big age difference need to consider the health of the older person carefully. You don’t get healthy bonus years added on if you work more and good health is not guaranteed even if you exercise and eat right. Still though retired life is wonderful. Since retiring I haven’t been bored for a second and have made lots of new friends. I never had time for a social life before. It’s a dream come true. Retired now 3 years and my husband asks me when the giddiness will wear off.
I truly appreciate your insight on the realities of retirement and the importance of considering health in relationships. Your positive outlook is a reminder that even when things don’t go as expected, there’s still so much to be grateful for.
Many retirees have shared their experiences with me over the years. Although they enjoy retirement, most had to set boundaries so they don't let other people fill their schedules for them. They tend to say they are busier in retirement. Whether it's people needing help or volunteers or baby sitters, they retirees as having plenty of time. Just something to factor into the equation.
We were 51 and 50 when we retired on the same day back in 2017. No regrets and not bored at all. We travel a lot and we have a car hobby, so that keeps us busy. I am a retired USAF pilot so health care is not an issue. I am also a retired airline pilot so travel is no issue. She owned a company with ~ 500 employees so we have all of our concerns covered. It is just a situational thing. Our budget is ~ $32K per month after tax and we never come close to it. My suggestion is to live within your means and retire as soon as possible. You will not be bored, but will ask yourselves why you didn’t do it sooner. You guys look like you could have lots of fun together. Do it!
Thank you for sharing your incredible story! Your experience and advice on living within means and retiring early is truly motivating. Wishing you continued adventures!
As a teacher I identify with Robi regarding #1. Not necessarily being bored but losing that identity as a music educator, a contributor, and a job I very much enjoyed. I retired in June so just learning how to navigate the extra time. Finance is a concern retiring at 58 but my pension provides a foundation that lessens the worry. Health care, yikes.
Rich and Robi - Holy Cow!! My husband and I had an almost identical conversation a few weeks ago. We’re both 55. He’s in IT and I’m a nurse. We spoke to our financial advisor and he said we’re all good to retire at 60. My biggest fear is boredom and not “contributing “ while my husband has no worries about that. He’d like to volunteer more at church and get more involved. I think it’s just how people are wired differently. I think I will plan to work contingent, maybe 2-3 days per week at the hospital. Being contingent I’d be able to take off for vacations and travel, but could still work when we are home. I absolutely love being a nurse and would really miss it.
It sounds like you and your husband have a great plan in place! Balancing work and retirement can be tricky, but it’s awesome that you’re thinking about how to stay engaged while still enjoying your hobbies!
I just stumbled onto your channel and you guys are the first I’ve seen talk about insurance. That’s my big concern. My husband is 65 and I’ll be 60 in December. We are both still working and I have always had the insurance with my job. If my husband and I retire, he can get Medicare, but I would have to get insurance on my own. $1000 a month for 5 years is a lot of money and something to think about. It’s funny, sometimes I still feel young, and other times I think about retirement. Thanks for all your videos, I appreciate all the information
Thank you so much for your kind words! We’re glad you found our channel and that our videos are providing you with valuable information. Your support means a lot to us!
First of all, thank you for helping others. Wonderful advice! Having retired in very recent years myself, I often wonder how I ever found time to work! A person can always go back to work. With my husband and I owning and residing on a farm, there is always something that needs to be done. I never foreseen myself taking up quilting, but here I am, loving it! I find it very relaxing, one thing I've always struggled with doing. God bless you, Rich & Robi!
Thank you so much for your kind words! It's amazing how retirement opens up new opportunities and hobbies. Quilting sounds like a wonderful way to relax and enjoy your time on the farm! Great to hear from you!!
I can't wait to retire..both my wife and I are mid 50s now and we are going out when I'm 60. I'll have 30 something years Civil Service and we're working on being 90% debt free by the time we retire. Our plan is to travel and see this great nation with our camper. We just entered Empty Nest stage and we are loving it, and can't wait for full time freedom of not being chained to a work schedule. I'm really loving your channel because you talk about the same things we are thinking. Thanks for sharing
It sounds like you have an amazing plan in place for retirement! Traveling in a camper and exploring the country is such a fantastic way to enjoy your newfound freedom. Wishing you both all the best on your journey!
Planning for the future class should be a requirement in elementary school😢 Retiring is not for everybody. Divorced mom of three here: I lived my life trying to maintain food on our table and roof over our heads but never made a big effort to save a little for my retirement You cannt retire even if your house is paid off bc property, and school taxes are way too high. And if you make payments you end up paying huge interest😢 You have to pay expensive homeowners insurance, replace AC that cost near $10k! Make home repairs etc etc😢 Basicly, I feel trapped but admire people who were smart enough to save money or have ideas to create other ways to obtain income. My mind is blank!! 🙃
I completely understand where you're coming from. Financial planning is so important, and it's never too late to start thinking about future options. You're not alone in feeling this way, and there are resources out there that can help guide you through the process.
Another big piece of advice I would give on the step down approach would be to definitely try before you buy. Buying our retirement house 10 years ago has not only allowed us to vacation there every year for multiple months, but we now have a massive amount of friends down there and that world is literally pulling us toward it. We are not pushing into the unknown in a new area. We are literally missing more things than we make and know exactly what we would be doing if we were retired instead of working. I personally would never guess at what I would be doing. If you are guessing, then you should be testing those things out while someone is paying you a paycheck IMHO. Much cheaper and avoids very costly mistakes.
Thanks for sharing your insights! Your experience really highlights the importance of testing out a retirement location before making a big commitment. It's great to hear that you’ve built such a wonderful community there!
I would love to retire at age 60 and I’m a nurse. Life is too precious and short. There is always volunteering hobbies and travelling. The reality it’s a tough decision to go to the next stage of life it’s definitely a huge transition but long life is not guaranteed.
It's wonderful to hear your thoughts on retirement! You're absolutely right, life is precious, and finding the right balance between work and personal fulfillment is so important.
Just came across your channel, for most part pretty good content. I don’t usually comment in any forum, but I see potential value in what you’re talking about for those in this phase of life. Recommend internally create an outline of structure on what you’re presenting. It seems a bit here and there. Regarding content, a concept I follow is 5 to 10 year plan, just like when driving somewhere you need to know where your going and how your getting there.
I’m happy I found you on RUclips and currently following you. Your views on retirement and thoughts are aligned with mine. I just turned 60 in August and the goal is to retire December of 2026.
I'm glad to hear that our views resonate with you! Congratulations on turning 60, and best of luck with your retirement goal in 2026. It sounds like an exciting journey ahead!
I’m 63, healthy (gym @ 5:30AM!) and happily married. I love structure and highly engaged with my FT career and my PT job as an adjunct (business school) where I teach 7 courses thru out the yr. Avg 60 hrs/wk and love all of it. BTW - My wife retired 8 yrs ago and she’s happy and busy doing her thing. All the best and God bless - Steve
Hey guys good conversation. I retired back in February at my full retirement age. The last 2 years were stressful with all type of questions. However with good financial advice and solid planning we made it work. The hardest part was working up,to my full retirement age. The past 6 months have been all that i expected. One of my hobbies is photo taking. Not photography. I think there is a big difference but learning how to make post on RUclips is fun. Keep up the good work and keep us posted on your journey. God Bless you both. Curtis
Thanks for sharing your journey, Curtis! It’s inspiring to hear how planning and good advice can make such a difference. Enjoy your retirement and those photo-taking adventures!
I'll be 70 in a few months, currently working part-time in meaningful work. I retired from f-time when I was 57. I will say that my 60s FLEW by. I have been lucky to be quite healthy, although I know that can change quickly. I've been a volunteer in various ways all my life and that increased after I retired from f-time. I've also been lucky to travel A LOT. My biggest challenge now is how to balance how I help friends and family who are needing emotional and physical support (for medical reasons) with my own need for rest and self-care. Boredom has never been an issue 😉
It's inspiring to hear about your journey and the meaningful work you've done! Striking that balance between helping others and taking care of yourself can be tricky, but it sounds like you're doing an amazing job. I have been told to make sure to stay in control of your own schedule and NOT to let others fill it for you.
All things we have been thinking of for years. We are 4 years away from full retirement per our plan. Working hard to stay to plan and keeping discipline about securing that financial component you discussed.
It's great to hear that you're sticking to your plan! Staying disciplined is key, and it sounds like you’re on the right track to a well-deserved retirement.
Thanks for the video. it resonates with me and my wife. i've been in IT for over 30 years... i'm still at the top of my game at 52 but i'm getting exhausted of working for someone else. so i started to learn how to invest/trade/options over 5 years ago. learned and lost a bunch but i kept at it and its going to be my second career here soon. my goal now is to get to 100k in my brokerage account (which we're close to) which is completely separate from our retirement 401's and IRA's and i'm done working for someone else. my advice, is to get a plan and execute on it while you still can. health can go fast.
It's inspiring to hear about your journey! Transitioning to a new career can be challenging, but your determination and experience in IT will surely serve you well in investing. Keep pushing towards that $100k goal!
I recently retired- May 2024- at 66. My wife is still working, so I’m retired alone. I’ve found many things to keep me busy and fulfilled. I volunteer at church- (hi Robi!!), and I serve grieving families with the Patriot Guard. I enjoyed working, had a fulfilling career, but I have to say I don’t miss work- people, yes, but work, not so much. Thank you both for your videos! I’m glad I found your channel!!
Thank you for sharing your story! It’s inspiring to see how you’re making the most of your retirement. We’re so glad you found our channel and we hope our videos continue to bring you joy! See you tomorrow!
At 55 retirement has become an obsession! Fear of not having enough money is the main concern as someone who lost half their net worth in 2008 GFC. We are poised for another crash, but who knows...
In my opinion your comments illustrate the significant value of a defined benefit plan with COLA (Pension and/or Social Security) vs a defined contribution plan with no COLA (401k with match while working). You are secure no matter what happens on Wall Street.
I love your channel! Robbie, I'm so sorry you lost your job....it just means the Lord has something else for you. I know some nurses in my area have retired but are now in the school system as a school nurse. Keep in mind health insurance. Extremely high...can be over $2000/mo. On individual plan...til you get to age 65. My husband and I will continue to work...I dont see retirement in my future....unless I just work less hours. Thank you for your channel!!
Totally get where you’re coming from! It’s wild how money stuff can mess with your head, right? Just keep your eyes on the prize and don’t stress too much about what’s out of your control!
Some people continue work because they choose to. I work with a few widows who are in the 70’s and one in their 80’s. They work to keep mentally sharp and have extra money to give to their kids and grandchildren. I have 2 friends (2 sets of couples) that both retired early in their 50’s and moved to Florida. Their number one goal was to make sure they always have warm skin year-round. I don’t think they do much of anything most of the time. And both couples moved away from their kids and family which baffles me. All four were professional people and very sharp. I do see their skills weakening. I watched my father’s skills deteriorate after he retired at 69. He made it to 80 years old when he suddenly passed. Everything is a choice.
I really appreciate you sharing your thoughts and experiences. It's a reminder that everyone's journey is unique, and the choices we make can have lasting impacts.
@@pittss2c601 There are plenty of people who go exactly the other way. Exercise, social activities, and health improves after unshackling them from the desk they were chained to for 10 hours / day. I know because I already see it at our community we will retire to, and I am currently the one whose health is suffering from being sedentary for 10 hours a day of work in front of the computer. My priorities have totally changed now and exercising mid day is almost non negotiable anymore. I would say on a percentage basis, work is not better for most people, but surely sitting as a couch potato after retiring is just as bad. Again, IMHO don’t retire until an active retirement life is pulling you that direction.
A friend in her mid sixties shared that at their age... Whatever they haven't done will be left undone because they are changing physically and emotionally.
Well,my husband and I are trying something new!! We moved to Belize one yr ago and we are mid fifties . Building a house, applied for residency and are praying for a sustainable income. Two teen sons came along three single children stayed in states. We read a book " the end of America" yrs ago. My husband felt it prudent to move out of the states
Thank you for sharing your thoughts and insights. One thing I wonder for you guys is if Robbie could continue part time and retain access to some health benefits since she doesn’t seem to be completely sold on retiring quite yet? I know some employers don’t offer benefits to part time employees, but may be something to look into. Or perhaps that her part time income could be focused on just paying those premiums? I feel so blessed because in California we teachers are encouraged to retire early so that our districts can save money on salaries… we can Willy Brown and work part time for full time credit toward our retirement and my school district will pay full health, dental, and eye care benefits for me (only) until I can start Medicare at 65. Right now, they pay $0, so it’s almost worth it to retire early. We can then sub to supplement our retirement income and choose which days we’d like to work. So looking forward to that, as well.
That is/was or plan but with her recent change in employment status we are wondering if that still makes sense. The system you are part of in Cali sounds like it works for those that want to get out younger. Enjoy!!
Agreed - get a financial advisor that you trust - we are using someone my Dad uses and trusts. Also get an insurance broker and a good accountant- it takes a team! We retire in a year and a half - can’t wait! We are waiting for my husband to receive full SS and until I am 65 so we can both have Medicare and not have to do cobra (expensive) or Market place.
Thank you for sharing your plan! It’s great to hear that you’re being proactive about your retirement. Wishing you both all the best as you approach this exciting new chapter!
Retirement decision: you know when you know… it’s time to go. Retired 4/2023 at 62. I was concerned with everything you mention. I thought about going into real estate or something to help with financials. But it all worked out for for me and my hubby. Now, I have no time to work, very busy with things I choose to do. Yes, in my go-go years, trying to do as much before my slow go years. Keeping a planner helps with keeping busy and accomplishing goals. If you can, move to an ACTIVE retirement community. That’s what we did. So many things to do. Socializing is key. But agree it’s hard to make decisions about this. Did a lot of researching. Good luck. Blessings 2 U. 🙏😎🐊
Thank you for sharing your journey! It's inspiring to see how you've embraced retirement and filled your life with activities that bring you joy. Planning and researching really do make a difference!
I would like to work on occasional projects if possible, like a full time gig but only for 3-4 months and then take a few months off. It may not work but that is what I am going to try once I hit my 60s.
That sounds like a great plan! Finding a balance between work and rest is important, and experimenting with occasional projects could lead to some exciting opportunities.
It's definitely a valid concern! Healthcare can be a big factor when making such a big decision. Have you looked into alternative options or plans that might suit your needs?
God has given you so much. It’s time to learn more about Him and once you know more you will take the focus off of you and your retirement. Your wife can learn first then open a Women’s Ministry teach Children or be a vital prayer warrior. 66 Books, get to it.
Lost most of our family 50’s-70’s…we shopped at yard sales, couponed, tithed, saved ,budgeted and set goals with spouse…found free things to do…then moved to TV and life is full. Once retired other ppl found things for us to do…we can volunteer our talents at retirement. So much to do. Enjoy this time
It sounds like you’ve built a wonderful life through hard work and resourcefulness! It’s inspiring to hear how you’ve adapted and found joy in your retirement. Keep enjoying all those activities!
Really enjoy your channel! Retired myself earlier this year at 62...should have done it sooner! One question though....Didn't you recently do a video about Robi losing her job? Did she already find a new one? My wife got laid off during covid pandemic and decided not to return to the workforce so she in effect retired at 56...also couldn't be happier!
Yes, Robi is currently unemployed and trying to wrap her mind around possibly staying that way. I don't think she wants to go out like that though, we'll see. She is looking but will be super picky.
It takes a bit of time to get over the intial firing to realize this is the plan to get you ready and know you are going to be just fine. Love your GOD and yourself. Life is worth living. Your husband has some really good advice for calming your worries, you are a very blessed women as he is to have you.❤
I am 55 with a 46-year-old wife and young kids. I plan to work at least into my early 60s, and delay Social Security until 70 for the survivor benefit. Bridging the gap between early 60s and 70 will be the tricky part. Fortunately my wife has a government job and will qualify for a nice pension when she turns 50.
Thank you for sharing your journey! It’s inspiring to see how you’re planning ahead for your family’s future. Wishing you all the best as you navigate this path!
I retired in 2013 at 58 and since then I have started my own energy company, took an unpaid position for 3 years at a local charity as President, I started a free Trades School in Loveland, Colorado and helped many people get started in the Trades. I have a young man that I mentor and have started my E-bay store. I am as busy as I have ever been. Love it. I am finally me.
It's inspiring to hear how you've transformed your retirement into a journey of passion and purpose! You're making such a positive impact in your community.
In today’s world, retirement no longer needs to be a digital all or nothing solution. I am 59 and about to retire in the next 2 years as my wife and I have been blessed to work and save our butts off. Me for 32 years with a single company and my wife 37 years for the military. We are still looking to do a step down approach where we move to the place we want to retire in (already purchased our retirement home 10 years ago after the financial collapse and it is almost paid off). Still my company will hire me in a reduced hour capacity, or I may just continue full time remote (which I already am), and the Military will hire my wife back as a contractor due to her unique skills and training. Anyway, the post Covid world is no longer all or nothing. If your company doesn’t adopt these more flexible work arrangements, there are a thousand other companies who already embrace.
It sounds like you and your wife have a solid plan in place for retirement! Embracing flexibility in your work arrangements is definitely the way to go these days.
Retired a year ago at 60 with a modest government pension. Was suicidal after a few months with regret, remorse, anxiety,, loss of purpose, status and income, etc. Call it crash and burn to the nth degree. I had been obsessed for years with the idea of retiring and foolishly allowed myself to be influenced by “retire now” videos. My advice, if your job is not killing you and you do not have a solid plan as to what’s next, hang in there a few more years. Peace and best wishes to all of you.
Thank you for sharing your story. It's important to hear experiences like yours, as they can really help others navigate their own retirement journey. Finding purpose after work can be challenging, but it’s never too late to discover new passions.
I’m facing this decision. I also have a government pension. I really appreciate your advice. Thanks for taking the time to share 🩷- it’s very helpful and I will make sure I think about all angles of retirement and how it will impact me. I hope things have stabilized for you. 🤗 Sending blessings.
I think you make a good point. I’m definitely phasing my retirement, by reducing my hours, and am lucky to be able to work from abroad, but your point about simply stopping work is important. I’ve done volunteering in the past and that will figure for sure. Also making sure I have activities to do. I too am u sure who I will be without work so will see you how it goes. Hopefully you have found work now and are feeling better. Good luck to you.
I’ve been thinking about retirement now for over a year I’m 61 just had my 61st birthday. My husband 68 he collects his retirement income and he still has a side job. It is web design work and he makes good money from it financially I could quit.
Nice video. I am in the UK Healthcare in the UK is free (to the user) which is a massive difference. And in my opinion the standard is very good. So healthcare costs are not a factor at all. I am 62 and really like my job. I would carry on working even if I won the lottery. That said, I probably will retire at 65.
Im only 55 im different than most me and most my friends worked at a good company for 30 . Im at 1.4 and we are the same age . Healthcare scares the heck out of us. Me the most.my to best friends one is retirement in 6 one in 15 months. God bless.
It's definitely a unique situation you have, and it's completely normal to feel anxious about healthcare and retirement. Wishing you and your friends all the best as you navigate this next chapter!
My wife tells me all the time that nobody is guaranteed tomorrow. If you can retire, do it because people who are waiting to stop working are not delaying retirement, they are shortening retirement.
@@beforeitstoolate2023 Give her some time she is still processing what happened. Than the light bulb will come on and she will just be filled with the excitment of all the ways she can have joy and bring it to others. Im right there with her N❤rse forever.
11:45 am I retired at 62. At age 61 I decreased the number of days I worked, then eventually I worked on a as needed basis. I was concerned that I would be bored also! Honestly I am so busy now, I don't know how I got anything done when I was working.
Agree in so many ways. Retire asap… only a foolish person feels that they are indispensable. Life is so short. Assist your family as I do. That by far is the most important thing to do. Most people hate their jobs as I did. Move on…. As long as you can financially… retire. There is no life like it. I am fully covered by medical, financially stable, great condition,etc. Debt free I retired at 55 in Canada
Well I love this topic because has a bill agent at a call center the calls that moves me is the retire customer that depends only with social security donating plasma or there side hustle . Majority struggling with a basic payment and the comments everything is so expensive. So if you can do it retire, also the job market for older American is stuff I see it all time a older person comes in for a interview with much talent and the rather hire some younger less experience.. so good luck to us all and prepare.
Thank you for sharing your thoughts! It's definitely a tough situation for many retirees, and it's important to highlight these challenges and support one another.
I’m turning 62 in october… planning to retire then.. have a pension and social security that equals my monthly expenses… have a pretty big portfolio and will not have to withdraw much from it…. financially me and my wife are fine.. but I do wonder what I’ll do every day.. all my fiends r work friends and they will disappear for sure.. work is 8hrs a day and they will still be busy and I will not… ????
It's great to hear that you're financially secure for retirement! It can be a big adjustment, but it's also an exciting opportunity to explore new hobbies and interests. Consider joining clubs or groups in your community to meet new friends and stay active!
I am 57 plan on retiring at 60....fortunately my wife is 13 years younger and doesnt plan on retiring for at least another 10 years. Its good and bad. Good that she will add me to her insurance but bad because I will be alone in most of my day outings, not to mention drive her crazy.
Just think of it this way: you'll have plenty of time to perfect your solo activities, like champion-level napping and binge-watching shows without sharing the remote!
I love the heading, "should we retire". This couple is already retired from the workforce. Nobody wants a 56 year old nurse. You profession has age discrimination. They can hire a nurse half your age for half as much as you earned on the paycheck. I'm over 50 years old and my job can't seem to replace me. I quit my job last summer to get a truck driving license. But my former employer called me back with a pay raise in hand. They don't know how to run these CNC machines. And they can't find my replacement. Physical labor Jobs have built in security
It's great to hear your thoughts on age discrimination in the workforce. Your experience highlights the importance of skills and knowledge over age. It's a reminder that every profession has its unique challenges and opportunities!
Im 62. But I see many people at 74 still working. Other not working. The ones still working have money. The other go camping with little money. 62 im very young still
Could Rich go ahead and retire at 60 (or whenever he wants), but Robbi continue working a couple years longer...evn part time since she enjoys her job and fears boredom? That is if you don't plan on traveling together immediately?
That is actually our plan at this point. Kind of had a wrench thrown in a few weeks ago when Robi was suddenly terminated. We did a video on that as well. Might very well turn out to be a blessing if we can make it work for both of us to retire when I (Rich) do. Thanks.
I believe my company wanted me to be able to do everything possible on the whole property like housekeeping and the laundry and covering the hotel front desk and there is a company that uses the hotel and diner so you have to go pick them up and bring them back to the hotel in a van to the hotel and there was a small diner that went with the hotel so whatever was going on in there like covering for cooking or server and all the other jobs there is to run a diner and it is open 24/7. So I don’t believe they wanted to pay me what they were paying me unless i was able to do all of that which was way to much for what they were paying me. They want a young person that they think they can pay less and make do more. But what they wanted to pay for a server or housekeeper or cook was so low no one would even try to work there. Thats why they wanted me and my assistant to do it all. Corporations are bad. America is a mess. They want us all to be in such a bad place in life that we will take everything the gov gives out so they will own us more.
It sounds like you're dealing with a lot of pressure at work. It's frustrating when companies expect so much from their employees while not offering fair compensation. Your hard work deserves to be recognized!
People that love their career rarely want to retire My father was forced to retire at 75 for health reasons I was forced to retire at 63, also health reasons Neither of us was ready
It's truly unfortunate when health forces a change we’re not ready for. It's a testament to how passionate you both were about your careers. I love my job but I am ready to do some other stuff on my own schedule.
Hi, I am also considering an early retirement, but healthcare is my fear. Is the $25,000 expected expense for healthcare before medicare for one person? Or for a couple? Maybe I can handle $25K a year before Medicare, but $50K is just too much for me and my wife to comfortably retire 😢
We are told roughly $1000 per person/per month is a "safe" number to plan for. Again, I am not giving advice but that is the number are looking at until Medicare. Good luck to you.
The first thing a couple should decide before considering retirement is should you even stay together. Grey divorce is increasing quickly. Divorce is the biggest threat to a successful retirement. IMO, if we had any brains at all, we would always divorce before retirement. You can then stay together in retirement, but at least each would know where they stand financially. Marriage can be a financial delusion. When each person is managing their finances they can make better choices. The "you never take me anywhere" dynamic should go away.
Thank you for sharing your perspective! It's an important conversation to have, and I appreciate your insights on how finances affect relationships in retirement.
have you guys thinking about retiring overseas? i heard healthcare are cheaper in SE asia countries and are just as good as america. Instead of putting $1000/month toward healthcare in america, maybe use that money to live oversea with the cheap healthcare over there?
I can tell you from experience, whatever you think it's going to cost you, double it. Inflation will eat your savings in no time, no matter who's in washington.
Your concerns are legit but Kamala promises to implement her “economy of opportunity “ on day one of her upcoming presidency. Her experience of working her way through college at McDonalds helped prepare her to take the helm of our sinking ship. Best wishes to you and yours.
If you get a financial advisor, do yourself a huge favor and get one who is fee- only! Otherwise...that 1% will compound into tens and hundreds of thousands.
I am 64, do not love my job enough to want to keep going with it, wish I would have saved more for early retirement. My advice is, if you can afford it, retire early while your health is still good.
Thank you for sharing your experience! It's important to prioritize your well-being and happiness. Your advice is valuable for those who are still planning their financial future.
thanks. 57, husband 61. I didn't even think we could ever retire. Good conversation.
I am 57 and retiring December 31 2024!! Just do it! Started Saving at 23.
That's an incredible milestone! It’s great to see you reaching your retirement goals. Congratulations on your journey!
Work is not a hobby to be used to fill time, it provides financial stability. Retirement opens your entire calendar to enjoy doing what you want to do. I'm like many boomers who mistakenly wore the yoke for 40 years to support a family and lied to myself that it was a defacto hobby. I'm retiring next year, and I don't have hobbies to fill the day. However, my priority is to sit on the back porch with a coffee to watch the sun come up, and on the front porch with a beer to watch the sun go down, in the company of my little dog.
It sounds like you have a beautiful plan for your retirement! Enjoying those quiet moments with your dog and the changing skies will be a wonderful way to embrace this new chapter in your life.
I’m 60, and have worked from home since 2018 as an RN. I’m never bored, even though I have more down time than actual work time. I plan to retire at 62 or in about 700 days. Not one minute longer.
Thank you for sharing your journey! It’s inspiring to see how you’ve adapted to working from home and are making the most of your time. Wishing you the best as you approach retirement!
I retired at 60 (I’m now 65) and I have just enough money to get by on which is plenty for me. I get bored from time to time but never bored enough to get back into the grind. There’s nothing I miss from my 42 years working, honestly nothing. I’m not bitter it was just to many years of stress.
All in all:
I feel like I’m as free as a teenager again but with a few added responsibilities.
Thank you for sharing your experience! It's inspiring to see someone embrace retirement and find joy in the freedom it brings.
Life is short. I retired 4 years ago at 48 and it’s been amazing. If you’re a type A you won’t be bored at all. Enjoy
It's inspiring to hear how fulfilling retirement can be, especially at a young age! Here's to living life to the fullest!
I retired at 59 three years ago, and I love every minute of it. There's always something to do to keep you busy, we travel on vacation at least 3 times per year. I never get bored, and I am still young enough to get out there and really enjoy it. If you wait too long, you may regret it.
It's wonderful to hear that you're enjoying your retirement! Staying active and exploring new places is such a fulfilling way to spend your time.
Thanks for the video Rich & Robi,
I have spent the past year on the financial planning journey so I want to voice some suggestions. At the beginning I was convinced I need some help, but I quickly discovered I was not even prepared to meet with a financial advisor. I need to sit down and list/find what I have and what I needed. Several Financial Advisor websites provided check-lists and I also discovered RUclipsrs, like yourselves, giving back. I changed my approach and this is what I suggest others might benefit from. I decided to learn and make a first draft of my plan myself. I started with a spreadsheet of all my assets (bank accounts, 401ks, IRAs, etc) and retirement income sources (Social Security, Pensions, etc) and liabilities (mortgages, car loans, etc) and then moved to a detailed monthly spending budget (essentials & discretionary). Then I moved to an annual financial plan deciding how to pay for all my expenses. This started to raise questions, like what Medicare plan to be on, when should I begin taking Social Security benefits, what do my taxes looks like, how will inflation increase those expenses, how to get the most from my nest egg (i.e. tax deferred vs taxable). How should I invest my nest egg for the 25-30 years while I’m in retirement (asset allocations and return rates). Wow, this sounds complicated but to be honest it’s really not. That is why someone in their 20s can be a financial advisor. There are a ton of resources available for the average person. The most challenging things I found where things like what inflation rate should I plan for. Guess what, there is not magic number and financial advisors will give you the same number you can discover yourself. What rate of return should I expect for my 401k or IRA or brokerage accounts? Again, no magic number, but there are plenty of resources to help you estimate. Example, for inflation you can google the yearly inflation rate for the pat +70 yrs and get the average which is around 3%. For investment returns, you can look at Fidelity and Vanguard who have published return rates based on asset mixtures. From these you can make your own decision. I personally am more financial conservative so I lower the investment rate by a % and increase my inflation by 1/2%. In the end it all just a guess and you will want to monitor you plan and make adjustments through out your retirement. I’ve refined my plan for the past 6 months all in my own spreadsheets and plan to move to a more sophisticated tool early next year (Boldin, formerly New Retirement). The tool will give me the ability to run various scenarios to test to find strengths and weaknesses. I plan after I’ve had some time in the tools to further refine my plan I will then seek out a financial advisor as a second opinion. This will be a flat fee/hourly service and not Asset Under Management. I would avoid AUMs as you will be paying them $10k to $100k during your retirement which is money you can use. For those who find this overwhelming, just give it a try. Take is slow and list all the things you do not know or do not feel comfortable with. I struggles to understand my Medicate plan until I really looked into it and found some very help people to assist. Check out Rob Berger, Joe Kuhn, Retire with Julia, The Money Guy Show, and Otter's Retirement Corner. For understanding investing I suggest Paul Merriman and $Million Made Easy, For Social Security and Medicare I suggest The Medicare School and Dr. Ed Weir. If you are looking for a planning tool take a look at Boldin (formerly New Retirement)
Ok, that was a lot, but I hope it helps someone.
Thank you for sharing your financial planning journey! It’s inspiring to see how you took the initiative to create your own plan. Your detailed approach will definitely help others who are starting out on their financial paths.
I just found you guys recently. I am enjoying your channel. Like Robbie I am a registered nurse and I am 54 and have been doing nursing for almost 30 years. I am so ready to retire. I get a pension where I work and I can take it at 62 and I am also going to take my social security early at 62. I am with Rich I will not be bored. Just want to have more time and enjoy my life. Both my parents died in their early seventies. You just never know as you get older how your health is going to be in the future. If you can afford it I say go for it!
I so feel you on this! I am 55 and a Nurse Practitioner and have always enjoyed working but lately feeling like all I do is work! Kids now out of the house and my husband is retired. I worry about retiring early and no insurance until 65 when you can draw Medicare. So I would have to work to just pay for insurance😔. I’m with you and ready to enjoy life more😊
It's great to hear you're enjoying the channel! Your dedication to nursing is admirable, and planning for retirement sounds like a smart move. Here's to enjoying life to the fullest!
Find a craft to do while you are retired and make extra money while you are retired. My parents are in their 70s and resale antiques and homemade crafts every weekend at the Farmer's Market and make a good income (in cash) every week. Not too shabby. They get out and socialize there too.
Great job exploring some of the questions I think we all have about going into retirement!
This is the constant debate my husband and I have. Loved hearing your perspectives!
Haha, those debates are the best! Glad you liked the video-keep those discussions going!
My wife and I purchased a home on a lake in Georgia and are waiting for our house to sell in Montana. Once the house sells we are going to both retire with a pension. Kind of scary since I have been working since age 11. What is also scary is paying $2400/mo in healthcare premium until we can jump on the federal program. Both 57 so it will be awhile. Love your channel. God is good!
Healthcare is definitely the biggest unknown expense. That is the single reason we have not retired yet, as even though my wife has worked 37 years for the military, she is still 10 months shy of her MRA to get the healthcare.
God IS Good, all the time! Keep us informed on the move and how retirement treats you!
I so want to retire! I've loved being a nurse, but caregiving burnout is taking its toll. I have hobbies and interests I want to have more time for. Volunteering is a great way to give back to the community ❤
It’s completely understandable to feel that way after such a demanding career. Taking time for yourself and exploring your interests is so important. Volunteering is a wonderful way to give back while also finding fulfillment!
As a nurse, I’m the exact opposite…I burned out in nursing because it didn’t suit my personality. For me, I would rather be busy doing things I enjoy. I definitely don’t have a fear of being bored!!
Thank you for sharing your experience! It’s important to recognize when something isn’t the right fit and to pursue what truly makes us happy.
I retired 4 yrs ago at 55 after 36 yrs working for Australian govt. I had a lot of anxiety about quitting a few yrs out for all the usual reasons eg loss of identity/purpose etc. Thankfully they all proved to be unfounded and it’s been the most freeing and best time of my life. I’m fortunate I have cpi indexed defined benefit pension that’s a lot more than my salary ever was and finances/budgeting are not an issue. I just do what I want every day, buy what I want, front row seats at concerts/events, 5 star hotels and restaurants. I play tennis a few times a week, gym, swim etc, go,off peak when there is no traffic - it’s just nirvana for me and my wife.
It's wonderful to hear how retirement has brought you so much joy and freedom! Finding the right balance and enjoying life to the fullest is what it's all about. Cheers to many more happy years ahead!
At 59 I have to make sure health insurance is covered first. Might have to wait until 62-65. Have a high school senior to get going into the world.
I am one of those people….. at 63 I woke up on vacation sick and within a few days was diagnosed with ocular Myasthenia Gravis…… and now medical disabled and our go to years are now going to doctors! Go now!
Dennis
Thank you for sharing your story, Dennis. It’s a reminder for all of us to take our health seriously and not take a single day for granted. Wishing you strength on your journey!
Many retired folks after about a year are saying “ I don’t know how I ever found the time to work!
Thank you for sharing that perspective! It's a reminder that life's next chapter can be just as fulfilling as the last.
You absolutely right on with your perspective regarding Healthcare.
I couldn't agreed more. Its give me peace of mind to retire earlier than expected. I really enjoy your video.
I'm glad to hear you found value in the video! Healthcare can be a tricky topic, but it's great that it has brought you peace of mind in your retirement plans.
I work remote and often travel to different locations to help out family, and work from their homes. I had the realization recently that when I do this, I am never actually with the people I’m staying with. My mind is in a completely different place. I have come to see this as a real problem. I think being fully present, with whatever we are doing is so important. Be it helping others or just enjoying travel or some other activity, if we have part of our mind on work, we aren’t really there. This one realization brought me to the conclusion that I am done.
It sounds like you’ve had a profound realization! Being fully present is essential for meaningful connections and experiences. It’s great that you’re prioritizing that moving forward!
Having recently retired early, I can tell you that the answer to "What will I do?" is whatever I feel like. Volunteer, play, take up new hobbies, coffee with friends ....etc
Sounds like you've got the retirement life down to an art! Who knew "doing whatever you want" could be a full-time job?
I'm so glad to find your utube episodes. I'm 68 next month. All of your insite is great. I like being on a schedule, love ❤️ my job, enjoy the sniffs, meeting people, etc. I know it will be a drastic change. it's both scary 😨 to think about but exciting. Knowing when to start social security, how much to start pulling out of retirement funds and such can get overwhelming.
Thank you for your kind words! It’s great to hear that you’re finding value in the episodes. Transitioning can be challenging but also rewarding-you're not alone in feeling both excitement and apprehension!
I retired at 62, husband was 68 and was long retired. I expected lots of hiking in Europe, am in good health and have lots of energy but my dearest love (former fitness instructor) does not. His health is fragile and he is mostly homebound. I have made a few hiking trips with friends and he and I enjoy train travel across the US and Canada but our travel is not what I’d hoped. I was the primary wage earner and couldn’t afford earlier retirement. Couples with big age difference need to consider the health of the older person carefully. You don’t get healthy bonus years added on if you work more and good health is not guaranteed even if you exercise and eat right. Still though retired life is wonderful. Since retiring I haven’t been bored for a second and have made lots of new friends. I never had time for a social life before. It’s a dream come true. Retired now 3 years and my husband asks me when the giddiness will wear off.
I truly appreciate your insight on the realities of retirement and the importance of considering health in relationships. Your positive outlook is a reminder that even when things don’t go as expected, there’s still so much to be grateful for.
Many retirees have shared their experiences with me over the years. Although they enjoy retirement, most had to set boundaries so they don't let other people fill their schedules for them. They tend to say they are busier in retirement. Whether it's people needing help or volunteers or baby sitters, they retirees as having plenty of time. Just something to factor into the equation.
That is a great tip! Thanks!
This was a very informational video. Thank you
We were 51 and 50 when we retired on the same day back in 2017. No regrets and not bored at all. We travel a lot and we have a car hobby, so that keeps us busy. I am a retired USAF pilot so health care is not an issue. I am also a retired airline pilot so travel is no issue. She owned a company with ~ 500 employees so we have all of our concerns covered. It is just a situational thing. Our budget is ~ $32K per month after tax and we never come close to it. My suggestion is to live within your means and retire as soon as possible. You will not be bored, but will ask yourselves why you didn’t do it sooner. You guys look like you could have lots of fun together. Do it!
Thank you for sharing your incredible story! Your experience and advice on living within means and retiring early is truly motivating. Wishing you continued adventures!
Retired at 58/59 1.5yrs ago and both hubby and I are traveling enjoying life….why wait???
As a teacher I identify with Robi regarding #1. Not necessarily being bored but losing that identity as a music educator, a contributor, and a job I very much enjoyed. I retired in June so just learning how to navigate the extra time. Finance is a concern retiring at 58 but my pension provides a foundation that lessens the worry. Health care, yikes.
Rich and Robi - Holy Cow!! My husband and I had an almost identical conversation a few weeks ago. We’re both 55. He’s in IT and I’m a nurse. We spoke to our financial advisor and he said we’re all good to retire at 60. My biggest fear is boredom and not “contributing “ while my husband has no worries about that. He’d like to volunteer more at church and get more involved. I think it’s just how people are wired differently. I think I will plan to work contingent, maybe 2-3 days per week at the hospital. Being contingent I’d be able to take off for vacations and travel, but could still work when we are home. I absolutely love being a nurse and would really miss it.
It sounds like you and your husband have a great plan in place! Balancing work and retirement can be tricky, but it’s awesome that you’re thinking about how to stay engaged while still enjoying your hobbies!
I just stumbled onto your channel and you guys are the first I’ve seen talk about insurance. That’s my big concern. My husband is 65 and I’ll be 60 in December. We are both still working and I have always had the insurance with my job. If my husband and I retire, he can get Medicare, but I would have to get insurance on my own. $1000 a month for 5 years is a lot of money and something to think about. It’s funny, sometimes I still feel young, and other times I think about retirement. Thanks for all your videos, I appreciate all the information
Thank you so much for your kind words! We’re glad you found our channel and that our videos are providing you with valuable information. Your support means a lot to us!
First of all, thank you for helping others. Wonderful advice! Having retired in very recent years myself, I often wonder how I ever found time to work! A person can always go back to work. With my husband and I owning and residing on a farm, there is always something that needs to be done. I never foreseen myself taking up quilting, but here I am, loving it! I find it very relaxing, one thing I've always struggled with doing.
God bless you, Rich & Robi!
Thank you so much for your kind words! It's amazing how retirement opens up new opportunities and hobbies. Quilting sounds like a wonderful way to relax and enjoy your time on the farm! Great to hear from you!!
I can't wait to retire..both my wife and I are mid 50s now and we are going out when I'm 60. I'll have 30 something years Civil Service and we're working on being 90% debt free by the time we retire. Our plan is to travel and see this great nation with our camper. We just entered Empty Nest stage and we are loving it, and can't wait for full time freedom of not being chained to a work schedule. I'm really loving your channel because you talk about the same things we are thinking. Thanks for sharing
It sounds like you have an amazing plan in place for retirement! Traveling in a camper and exploring the country is such a fantastic way to enjoy your newfound freedom. Wishing you both all the best on your journey!
Planning for the future class should be a requirement in elementary school😢
Retiring is not for everybody.
Divorced mom of three here:
I lived my life trying to maintain food on our table and roof over our heads but never made a big effort to save a little for my retirement
You cannt retire even if your house is paid off bc property, and school taxes are way too high.
And if you make payments you end up paying huge interest😢
You have to pay expensive homeowners insurance, replace AC that cost near $10k!
Make home repairs etc etc😢
Basicly, I feel trapped but admire people who were smart enough to save money or have ideas to create other ways to obtain income.
My mind is blank!!
🙃
I completely understand where you're coming from. Financial planning is so important, and it's never too late to start thinking about future options. You're not alone in feeling this way, and there are resources out there that can help guide you through the process.
Another big piece of advice I would give on the step down approach would be to definitely try before you buy. Buying our retirement house 10 years ago has not only allowed us to vacation there every year for multiple months, but we now have a massive amount of friends down there and that world is literally pulling us toward it. We are not pushing into the unknown in a new area. We are literally missing more things than we make and know exactly what we would be doing if we were retired instead of working. I personally would never guess at what I would be doing. If you are guessing, then you should be testing those things out while someone is paying you a paycheck IMHO. Much cheaper and avoids very costly mistakes.
Thanks for sharing your insights! Your experience really highlights the importance of testing out a retirement location before making a big commitment. It's great to hear that you’ve built such a wonderful community there!
I would love to retire at age 60 and I’m a nurse. Life is too precious and short. There is always volunteering hobbies and travelling. The reality it’s a tough decision to go to the next stage of life it’s definitely a huge transition but long life is not guaranteed.
It's wonderful to hear your thoughts on retirement! You're absolutely right, life is precious, and finding the right balance between work and personal fulfillment is so important.
It is mindset for sure. Going from earner / saver to spender can be a challenge...
Absolutely! Shifting your mindset can take time, but it's a crucial step towards finding that balance between saving and enjoying what you've earned.
Just came across your channel, for most part pretty good content. I don’t usually comment in any forum, but I see potential value in what you’re talking about for those in this phase of life. Recommend internally create an outline of structure on what you’re presenting. It seems a bit here and there.
Regarding content, a concept I follow is 5 to 10 year plan, just like when driving somewhere you need to know where your going and how your getting there.
Thanks for your feedback!
I’m happy I found you on RUclips and currently following you. Your views on retirement and thoughts are aligned with mine. I just turned 60 in August and the goal is to retire December of 2026.
I'm glad to hear that our views resonate with you! Congratulations on turning 60, and best of luck with your retirement goal in 2026. It sounds like an exciting journey ahead!
I’m 63, healthy (gym @ 5:30AM!) and happily married. I love structure and highly engaged with my FT career and my PT job as an adjunct (business school) where I teach 7 courses thru out the yr. Avg 60 hrs/wk and love all of it.
BTW - My wife retired 8 yrs ago and she’s happy and busy doing her thing.
All the best and God bless - Steve
It's inspiring to see such enthusiasm and dedication at 63! Your commitment to health, work, and family is truly admirable. Keep shining!
Hey guys good conversation. I retired back in February at my full retirement age. The last 2 years were stressful with all type of questions. However with good financial advice and solid planning we made it work. The hardest part was working up,to my full retirement age. The past 6 months have been all that i expected. One of my hobbies is photo taking. Not photography. I think there is a big difference but learning how to make post on RUclips is fun. Keep up the good work and keep us posted on your journey. God Bless you both. Curtis
Thanks for sharing your journey, Curtis! It’s inspiring to hear how planning and good advice can make such a difference. Enjoy your retirement and those photo-taking adventures!
I'll be 70 in a few months, currently working part-time in meaningful work. I retired from f-time when I was 57. I will say that my 60s FLEW by. I have been lucky to be quite healthy, although I know that can change quickly. I've been a volunteer in various ways all my life and that increased after I retired from f-time. I've also been lucky to travel A LOT. My biggest challenge now is how to balance how I help friends and family who are needing emotional and physical support (for medical reasons) with my own need for rest and self-care. Boredom has never been an issue 😉
It's inspiring to hear about your journey and the meaningful work you've done! Striking that balance between helping others and taking care of yourself can be tricky, but it sounds like you're doing an amazing job. I have been told to make sure to stay in control of your own schedule and NOT to let others fill it for you.
All things we have been thinking of for years. We are 4 years away from full retirement per our plan. Working hard to stay to plan and keeping discipline about securing that financial component you discussed.
It's great to hear that you're sticking to your plan! Staying disciplined is key, and it sounds like you’re on the right track to a well-deserved retirement.
Thanks for the video. it resonates with me and my wife. i've been in IT for over 30 years... i'm still at the top of my game at 52 but i'm getting exhausted of working for someone else. so i started to learn how to invest/trade/options over 5 years ago. learned and lost a bunch but i kept at it and its going to be my second career here soon. my goal now is to get to 100k in my brokerage account (which we're close to) which is completely separate from our retirement 401's and IRA's and i'm done working for someone else. my advice, is to get a plan and execute on it while you still can. health can go fast.
It's inspiring to hear about your journey! Transitioning to a new career can be challenging, but your determination and experience in IT will surely serve you well in investing. Keep pushing towards that $100k goal!
Could you share a bit on learning resources you used to invest and trade options. Really apreciate
I recently retired- May 2024- at 66. My wife is still working, so I’m retired alone.
I’ve found many things to keep me busy and fulfilled. I volunteer at church- (hi Robi!!), and I serve grieving families with the Patriot Guard.
I enjoyed working, had a fulfilling career, but I have to say I don’t miss work- people, yes, but work, not so much.
Thank you both for your videos! I’m glad I found your channel!!
Thank you for sharing your story! It’s inspiring to see how you’re making the most of your retirement. We’re so glad you found our channel and we hope our videos continue to bring you joy! See you tomorrow!
At 55 retirement has become an obsession! Fear of not having enough money is the main concern as someone who lost half their net worth in 2008 GFC. We are poised for another crash, but who knows...
In my opinion your comments illustrate the significant value of a defined benefit plan with COLA (Pension and/or Social Security) vs a defined contribution plan with no COLA (401k with match while working). You are secure no matter what happens on Wall Street.
I love your channel! Robbie, I'm so sorry you lost your job....it just means the Lord has something else for you.
I know some nurses in my area have retired but are now in the school system as a school nurse. Keep in mind health insurance. Extremely high...can be over $2000/mo. On individual plan...til you get to age 65.
My husband and I will continue to work...I dont see retirement in my future....unless I just work less hours.
Thank you for your channel!!
Totally get where you’re coming from! It’s wild how money stuff can mess with your head, right? Just keep your eyes on the prize and don’t stress too much about what’s out of your control!
I'm looking forward to early retirement at 50 😊 I will find something to do ❤ Thanks for sharing.
That's an inspiring goal! Early retirement at 50 sounds amazing. Wishing you all the best in achieving it!
Some people continue work because they choose to. I work with a few widows who are in the 70’s and one in their 80’s. They work to keep mentally sharp and have extra money to give to their kids and grandchildren. I have 2 friends (2 sets of couples) that both retired early in their 50’s and moved to Florida. Their number one goal was to make sure they always have warm skin year-round. I don’t think they do much of anything most of the time. And both couples moved away from their kids and family which baffles me. All four were professional people and very sharp. I do see their skills weakening. I watched my father’s skills deteriorate after he retired at 69. He made it to 80 years old when he suddenly passed. Everything is a choice.
I really appreciate you sharing your thoughts and experiences. It's a reminder that everyone's journey is unique, and the choices we make can have lasting impacts.
@@pittss2c601 There are plenty of people who go exactly the other way. Exercise, social activities, and health improves after unshackling them from the desk they were chained to for 10 hours / day. I know because I already see it at our community we will retire to, and I am currently the one whose health is suffering from being sedentary for 10 hours a day of work in front of the computer. My priorities have totally changed now and exercising mid day is almost non negotiable anymore. I would say on a percentage basis, work is not better for most people, but surely sitting as a couch potato after retiring is just as bad. Again, IMHO don’t retire until an active retirement life is pulling you that direction.
A friend in her mid sixties shared that at their age... Whatever they haven't done will be left undone because they are changing physically and emotionally.
It's true that as we age, we often reflect on our experiences and what we still want to achieve. It's never too late to start something new, though!
Well,my husband and I are trying something new!! We moved to Belize one yr ago and we are mid fifties . Building a house, applied for residency and are praying for a sustainable income. Two teen sons came along three single children stayed in states. We read a book " the end of America" yrs ago. My husband felt it prudent to move out of the states
Thank you for sharing your thoughts and insights. One thing I wonder for you guys is if Robbie could continue part time and retain access to some health benefits since she doesn’t seem to be completely sold on retiring quite yet? I know some employers don’t offer benefits to part time employees, but may be something to look into. Or perhaps that her part time income could be focused on just paying those premiums?
I feel so blessed because in California we teachers are encouraged to retire early so that our districts can save money on salaries… we can Willy Brown and work part time for full time credit toward our retirement and my school district will pay full health, dental, and eye care benefits for me (only) until I can start Medicare at 65. Right now, they pay $0, so it’s almost worth it to retire early. We can then sub to supplement our retirement income and choose which days we’d like to work. So looking forward to that, as well.
That is/was or plan but with her recent change in employment status we are wondering if that still makes sense. The system you are part of in Cali sounds like it works for those that want to get out younger. Enjoy!!
Agreed - get a financial advisor that you trust - we are using someone my Dad uses and trusts. Also get an insurance broker and a good accountant- it takes a team! We retire in a year and a half - can’t wait! We are waiting for my husband to receive full SS and until I am 65 so we can both have Medicare and not have to do cobra (expensive) or Market place.
Thank you for sharing your plan! It’s great to hear that you’re being proactive about your retirement. Wishing you both all the best as you approach this exciting new chapter!
Retirement decision: you know when you know… it’s time to go. Retired 4/2023 at 62. I was concerned with everything you mention. I thought about going into real estate or something to help with financials. But it all worked out for for me and my hubby. Now, I have no time to work, very busy with things I choose to do. Yes, in my go-go years, trying to do as much before my slow go years. Keeping a planner helps with keeping busy and accomplishing goals. If you can, move to an ACTIVE retirement community. That’s what we did. So many things to do. Socializing is key. But agree it’s hard to make decisions about this. Did a lot of researching. Good luck. Blessings 2 U. 🙏😎🐊
Thank you for sharing your journey! It's inspiring to see how you've embraced retirement and filled your life with activities that bring you joy. Planning and researching really do make a difference!
I would like to work on occasional projects if possible, like a full time gig but only for 3-4 months and then take a few months off. It may not work but that is what I am going to try once I hit my 60s.
That sounds like a great plan! Finding a balance between work and rest is important, and experimenting with occasional projects could lead to some exciting opportunities.
All good ideas. My main concern with actually quitting my job and doing what I love, is healthcare costs. Eeeek!
It's definitely a valid concern! Healthcare can be a big factor when making such a big decision. Have you looked into alternative options or plans that might suit your needs?
@@beforeitstoolate2023I've looked but haven't found anything yet. Do you have any alternative ideas?
God has given you so much. It’s time to learn more about Him and once you know more you will take the focus off of you and your retirement. Your wife can learn first then open a Women’s Ministry teach Children or be a vital prayer warrior. 66 Books, get to it.
Thank you for sharing your thoughts! It's so true that diving deeper into our faith can shift our focus and enrich our lives.
Love it
Lost most of our family 50’s-70’s…we shopped at yard sales, couponed, tithed, saved ,budgeted and set goals with spouse…found free things to do…then moved to TV and life is full. Once retired other ppl found things for us to do…we can volunteer our talents at retirement. So much to do. Enjoy this time
It sounds like you’ve built a wonderful life through hard work and resourcefulness! It’s inspiring to hear how you’ve adapted and found joy in your retirement. Keep enjoying all those activities!
Retired at 57 few weeks back. Worked in financial services for 35 years. Not missing it and would never go back.
I will be interested to see if your thoughts change after more time. I hope not but I hear that it happens to some.
Really enjoy your channel! Retired myself earlier this year at 62...should have done it sooner! One question though....Didn't you recently do a video about Robi losing her job? Did she already find a new one? My wife got laid off during covid pandemic and decided not to return to the workforce so she in effect retired at 56...also couldn't be happier!
Yes, Robi is currently unemployed and trying to wrap her mind around possibly staying that way. I don't think she wants to go out like that though, we'll see. She is looking but will be super picky.
It takes a bit of time to get over the intial firing to realize this is the plan to get you ready and know you are going to be just fine. Love your GOD and yourself. Life is worth living. Your husband has some really good advice for calming your worries, you are a very blessed women as he is to have you.❤
I am 55 with a 46-year-old wife and young kids. I plan to work at least into my early 60s, and delay Social Security until 70 for the survivor benefit. Bridging the gap between early 60s and 70 will be the tricky part. Fortunately my wife has a government job and will qualify for a nice pension when she turns 50.
Thank you for sharing your journey! It’s inspiring to see how you’re planning ahead for your family’s future. Wishing you all the best as you navigate this path!
I retired in 2013 at 58 and since then I have started my own energy company, took an unpaid position for 3 years at a local charity as President, I started a free Trades School in Loveland, Colorado and helped many people get started in the Trades. I have a young man that I mentor and have started my E-bay store. I am as busy as I have ever been. Love it. I am finally me.
It's inspiring to hear how you've transformed your retirement into a journey of passion and purpose! You're making such a positive impact in your community.
In today’s world, retirement no longer needs to be a digital all or nothing solution. I am 59 and about to retire in the next 2 years as my wife and I have been blessed to work and save our butts off. Me for 32 years with a single company and my wife 37 years for the military. We are still looking to do a step down approach where we move to the place we want to retire in (already purchased our retirement home 10 years ago after the financial collapse and it is almost paid off). Still my company will hire me in a reduced hour capacity, or I may just continue full time remote (which I already am), and the Military will hire my wife back as a contractor due to her unique skills and training. Anyway, the post Covid world is no longer all or nothing. If your company doesn’t adopt these more flexible work arrangements, there are a thousand other companies who already embrace.
It sounds like you and your wife have a solid plan in place for retirement! Embracing flexibility in your work arrangements is definitely the way to go these days.
Retired a year ago at 60 with a modest government pension. Was suicidal after a few months with regret, remorse, anxiety,, loss of purpose, status and income, etc. Call it crash and burn to the nth degree. I had been obsessed for years with the idea of retiring and foolishly allowed myself to be influenced by “retire now” videos. My advice, if your job is not killing you and you do not have a solid plan as to what’s next, hang in there a few more years.
Peace and best wishes to all of you.
Thank you for sharing your story. It's important to hear experiences like yours, as they can really help others navigate their own retirement journey. Finding purpose after work can be challenging, but it’s never too late to discover new passions.
I’m facing this decision. I also have a government pension. I really appreciate your advice. Thanks for taking the time to share 🩷- it’s very helpful and I will make sure I think about all angles of retirement and how it will impact me. I hope things have stabilized for you. 🤗 Sending blessings.
I think you make a good point. I’m definitely phasing my retirement, by reducing my hours, and am lucky to be able to work from abroad, but your point about simply stopping work is important. I’ve done volunteering in the past and that will figure for sure. Also making sure I have activities to do. I too am u sure who I will be without work so will see you how it goes. Hopefully you have found work now and are feeling better. Good luck to you.
Just remember. Most working people were never offered a lifetime free ride pension
I’ve been thinking about retirement now for over a year I’m 61 just had my 61st birthday. My husband 68 he collects his retirement income and he still has a side job. It is web design work and he makes good money from it financially I could quit.
Re health insurance pre-65. It's not just the premiums. Be able to weather the out of pocket worst case scenario.
Nice video.
I am in the UK Healthcare in the UK is free (to the user) which is a massive difference. And in my opinion the standard is very good. So healthcare costs are not a factor at all.
I am 62 and really like my job. I would carry on working even if I won the lottery. That said, I probably will retire at 65.
Thanks for sharing your thoughts! It's interesting to hear how the UK healthcare system works for you, and it's great that you enjoy your job so much!
Im only 55 im different than most me and most my friends worked at a good company for 30 . Im at 1.4 and we are the same age . Healthcare scares the heck out of us. Me the most.my to best friends one is retirement in 6 one in 15 months. God bless.
It's definitely a unique situation you have, and it's completely normal to feel anxious about healthcare and retirement. Wishing you and your friends all the best as you navigate this next chapter!
Love your channel.
Thank you!
My wife tells me all the time that nobody is guaranteed tomorrow. If you can retire, do it because people who are waiting to stop working are not delaying retirement, they are shortening retirement.
Exactly my thoughts! Now to just get Robi onboard!
@@beforeitstoolate2023 Give her some time she is still processing what happened. Than the light bulb will come on and she will just be filled with the excitment of all the ways she can have joy and bring it to others. Im right there with her N❤rse forever.
be happy with alone time; not being a needy kind of person cause people suck.
Thank you for sharing this perspective! It's so true that finding happiness within ourselves is essential for a balanced life.
Long term care insurance, have you heard that you have to qualify for that, healthwise?
11:45 am I retired at 62. At age 61 I
decreased the number of days I worked, then eventually I
worked on a as needed basis. I was concerned that I would be bored also! Honestly I am so busy now, I don't know how I got anything done when I was working.
It's amazing how retirement can fill up your schedule! It's all about finding new passions and staying active. Keep enjoying your busy days!
Agree in so many ways. Retire asap… only a foolish person feels that they are indispensable. Life is so short. Assist your family as I do. That by far is the most important thing to do. Most people hate their jobs as I did. Move on…. As long as you can financially… retire. There is no life like it.
I am fully covered by medical, financially stable, great condition,etc. Debt free
I retired at 55 in Canada
If you have the retirements funds, go for it. I retired at 62 and it was the best thing I have ever done. Keep busy with your retirement.
Well I love this topic because has a bill agent at a call center the calls that moves me is the retire customer that depends only with social security donating plasma or there side hustle . Majority struggling with a basic payment and the comments everything is so expensive. So if you can do it retire, also the job market for older American is stuff I see it all time a older person comes in for a interview with much talent and the rather hire some younger less experience.. so good luck to us all and prepare.
Thank you for sharing your thoughts! It's definitely a tough situation for many retirees, and it's important to highlight these challenges and support one another.
I’m turning 62 in october… planning to retire then.. have a pension and social security that equals my monthly expenses… have a pretty big portfolio and will not have to withdraw much from it…. financially me and my wife are fine.. but I do wonder what I’ll do every day.. all my fiends r work friends and they will disappear for sure.. work is 8hrs a day and they will still be busy and I will not… ????
It's great to hear that you're financially secure for retirement! It can be a big adjustment, but it's also an exciting opportunity to explore new hobbies and interests. Consider joining clubs or groups in your community to meet new friends and stay active!
Great video.
Thanks!
I am 57 plan on retiring at 60....fortunately my wife is 13 years younger and doesnt plan on retiring for at least another 10 years. Its good and bad. Good that she will add me to her insurance but bad because I will be alone in most of my day outings, not to mention drive her crazy.
Just think of it this way: you'll have plenty of time to perfect your solo activities, like champion-level napping and binge-watching shows without sharing the remote!
I love the heading, "should we retire". This couple is already retired from the workforce. Nobody wants a 56 year old nurse. You profession has age discrimination. They can hire a nurse half your age for half as much as you earned on the paycheck. I'm over 50 years old and my job can't seem to replace me. I quit my job last summer to get a truck driving license. But my former employer called me back with a pay raise in hand. They don't know how to run these CNC machines. And they can't find my replacement. Physical labor Jobs have built in security
It's great to hear your thoughts on age discrimination in the workforce. Your experience highlights the importance of skills and knowledge over age. It's a reminder that every profession has its unique challenges and opportunities!
You will not have a problem getting a job Robi, but take some time and think of your next chapter and enjoy your short break.😊
Robi, you can fulfill your need to do for others by volunteering. Retire while your are still young enough to enjoy life.
I really appreciate your thoughtful suggestion! Volunteering can truly make a difference, and I definitely want to enjoy life to the fullest.
Im 62. But I see many people at 74 still working. Other not working. The ones still working have money. The other go camping with little money. 62 im very young still
Thank you for sharing your thoughts! It's always refreshing to hear from someone who embraces life at every age.
I hope you consider becoming a traveling nurse. You can enjoy different areas of this country and get paid simultaneously. Good luck.
I really appreciate your support! The idea of being a traveling nurse is definitely enticing, and it's great to know I have people cheering me on.
Could Rich go ahead and retire at 60 (or whenever he wants), but Robbi continue working a couple years longer...evn part time since she enjoys her job and fears boredom? That is if you don't plan on traveling together immediately?
That is actually our plan at this point. Kind of had a wrench thrown in a few weeks ago when Robi was suddenly terminated. We did a video on that as well. Might very well turn out to be a blessing if we can make it work for both of us to retire when I (Rich) do. Thanks.
I believe my company wanted me to be able to do everything possible on the whole property like housekeeping and the laundry and covering the hotel front desk and there is a company that uses the hotel and diner so you have to go pick them up and bring them back to the hotel in a van to the hotel and there was a small diner that went with the hotel so whatever was going on in there like covering for cooking or server and all the other jobs there is to run a diner and it is open 24/7. So I don’t believe they wanted to pay me what they were paying me unless i was able to do all of that which was way to much for what they were paying me. They want a young person that they think they can pay less and make do more. But what they wanted to pay for a server or housekeeper or cook was so low no one would even try to work there. Thats why they wanted me and my assistant to do it all. Corporations are bad. America is a mess. They want us all to be in such a bad place in life that we will take everything the gov gives out so they will own us more.
It sounds like you're dealing with a lot of pressure at work. It's frustrating when companies expect so much from their employees while not offering fair compensation. Your hard work deserves to be recognized!
People that love their career rarely want to retire
My father was forced to retire at 75 for health reasons
I was forced to retire at 63, also health reasons
Neither of us was ready
It's truly unfortunate when health forces a change we’re not ready for. It's a testament to how passionate you both were about your careers. I love my job but I am ready to do some other stuff on my own schedule.
Keeping up with a gym membership thru retirement, keeps you fitter in your retirement. The TV is the opposite.
Absolutely! Staying active is crucial for a healthy retirement. A gym membership can really make a difference in maintaining fitness as we age.
Interesting content
Thank you so much for your feedback! We really appreciate your support!
Hopefully your advisor did a Monte Carlo simulation n the finances.. tells you Allot if done properly
Thanks for your comment! Monte Carlo simulations can really help in assessing financial risks and opportunities. We have done ours for sure.
I am with her. Why retire if you love what you do and are providing a great and valuable service to Humanity?
Totally get what you’re saying! If you love it, why stop? But that is not for everyone. Let’s keep the good vibes rolling!
Hi, I am also considering an early retirement, but healthcare is my fear. Is the $25,000 expected expense for healthcare before medicare for one person? Or for a couple?
Maybe I can handle $25K a year before Medicare, but $50K is just too much for me and my wife to comfortably retire 😢
We are told roughly $1000 per person/per month is a "safe" number to plan for. Again, I am not giving advice but that is the number are looking at until Medicare. Good luck to you.
@@beforeitstoolate2023thanks. $1000 per person will be more manageable
Those healthcare costs seem very high. I am looking at getting Obamacare with subsidy and it’s extremely cheap.
It's great to hear you're exploring your options! Affordable healthcare is so important, and subsidies can make a big difference.
I would still retire if I wanted to even if my partner didn’t want to. Pack her a lunch and send her off to work each day.😊
I can't afford to retire it's scary
The first thing a couple should decide before considering retirement is should you even stay together. Grey divorce is increasing quickly. Divorce is the biggest threat to a successful retirement. IMO, if we had any brains at all, we would always divorce before retirement. You can then stay together in retirement, but at least each would know where they stand financially. Marriage can be a financial delusion. When each person is managing their finances they can make better choices. The "you never take me anywhere" dynamic should go away.
Thank you for sharing your perspective! It's an important conversation to have, and I appreciate your insights on how finances affect relationships in retirement.
have you guys thinking about retiring overseas? i heard healthcare are cheaper in SE asia countries and are just as good as america. Instead of putting $1000/month toward healthcare in america, maybe use that money to live oversea with the cheap healthcare over there?
Grandbabies will keep us stateside but I have heard there are opportunities overseas for many retirees.
I think I've found Robi's next gig ⬆⬆⬆⬆
You won’t be bored. You won’t believe how busy you will be.
We hear that ALOT, thanks!
Sorry Robi, I'm with Rich. You need to Chillax. 😎
She will get there, I am confident.
I can tell you from experience, whatever you think it's going to cost you, double it. Inflation will eat your savings in no time, no matter who's in washington.
Absolutely, inflation can really take a toll on our finances. It's always wise to prepare for unexpected costs!
Hey, guys? How is the housing market up your way? We are thinking of moving back to Missouri (our home state)for retirement 🙂
KC is pretty reasonable compared to other major cities but land out in the country is a bit pricey. Definitely like the Midwest vibes though.
Its great to see a couple retire but the way this economy is going with the Democrats & inflation if the banking system goes digital i worry
It's definitely a challenging time, and many share your concerns about the economy and digital banking. Let's hope for a stable future!
@@beforeitstoolate2023 Yeah let's hope but right now these Politicians & BlackRock, Lobbyists & Corruption are winning
Your concerns are legit but Kamala promises to implement her “economy of opportunity “ on day one of her upcoming presidency. Her experience of working her way through college at McDonalds helped prepare her to take the helm of our sinking ship. Best wishes to you and yours.
If you get a financial advisor, do yourself a huge favor and get one who is fee- only!
Otherwise...that 1% will compound into tens and hundreds of thousands.
Thank you for sharing your insight! It’s always great to have more voices advocating for smart financial decisions.
@@beforeitstoolate2023 thank you for your content. I am enjoying it and the two of you nice people. 😊
Part time work is another strategy.
Absolutely! Part-time work can be a great way to balance your time, stay engaged and make a bit extra at the same time.
Prime retirement years are 60-70. Retire early if you can.
Absolutely! The earlier you can retire, the more time you have to enjoy your passions and hobbies. It's all about finding that perfect balance!