9 Things to STOP DOING After 55 To Enjoy Life More
HTML-код
- Опубликовано: 22 июн 2024
- We've helped hundreds of people in their fifties and sixties retire over the past 15 years and one of the surprising things about the most successful and the happiest retirees we know is that they're not the most happy because of the things that they've added to their lives… it's actually because of the things that they stopped doing. So I want to go over the nine things that they stopped doing that actually increased their retirement success and it's increased their overall life satisfaction.
Dave Zoller, CFP®
🍀Get The 5-Minute Retirement For Free🍀
streamlineplanning.com/retire...
✅ REACH OUT FOR A FREE RETIREMENT PLANNING SESSION ✅ streamlineplanning.com/start-...
❤️[MY FAVORITE RETIREMENT PLANNING SOFTWARE + VIDEO WALKTHROUGH]❤️
Achieve Your Successful & Secure Retirement WITHOUT A Financial Advisor
streamlineplanning.com/diy-re...
-----------------------
⭐️ POPULAR RETIREMENT VIDEOS ⭐️
1️⃣ How To Organize Your Retirement with 7 MUST-HAVE ACCOUNTS
• CFP® Explains: How to ...
2️⃣ 5 BIG Retirement REGRETS
• 5 BIG Retirement Regrets
3️⃣ Dave Ramsey Reaction: 8% Withdrawal Rates?
• Dave Ramsey Reaction t...
4️⃣ How the RICH Invest Their Money
• How Do The Rich Invest...
5️⃣ 7 Things Happy Retirees Do Well. Retirement Planning Tips From Recent Retirees
• 7 Things Happy Retiree...
-----------------------
#retirement #howmuchtoretire #retirementplanning
MUSIC:
Stary Sky- Simon Grob
Disclaimer: Since we don’t know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Streamline Financial Services, LLC or its members cannot be held liable for any use or misuse of this content.
Affiliate Disclaimer: This post may include affiliate links where we may earn a payment when you click on the links at no additional cost to you.
Disclosures: Securities offered through LaSalle St. Securities LLC (LSS), member FINRA/SIPC. Advisory services offered through LaSalle St. Investment Advisors LLC (LSIA), a Registered Investment Advisor. Streamline Financial Services is not affiliated with LSS or LSIA. LSS is affiliated with LSIA.
I'm 61 and retired about 3 years ago. I have lost 45 pounds, and my blood pressure has dropped into normal range. A take a walk or bike ride almost every day. I make music and art, garden, cook, read, write, travel, and get to follow my muse wherever it may lead me. I haven't been this happy and healthy since childhood. Retirement is paradise to me. Thank you for your videos.
I just turned 60. And you're 100% right: I have come to realize that NOBODY is really ever thinking about me; most people are completely preoccupied with their own narrative. It is indeed liberating to accept this fact.
I retired at 57, 7 years ago. My wife and I saved and invested early allowing me to exit the workforce when I did. We are not special and believe most people can do this with the appropriate level of planning and discipline.
The key message I would communicate to others is don't delay retirement if you have the financial wherewithal to do so. Too often I have seen many people delay retirement and then experience health issues which constrain the very things they wanted to do post-retirement.
Moreover, the most significant benefit of retirement for me is that I no longer have to deal with people I do not want to. That has proved to be the ultimate blessing.
I retired about 8 months ago. I had pretty confident thoughts about the financial aspects. Once I retired, finances became a non-issue. I probably worked too long. I’m playing catch up with having fun travelling and especially health maintenance: eating well, exercise, and sleep. Retiring was among my the best decisions I ever made. It’s like going back to being in college and not taking life too seriously. Work has a way of focusing your attention in a very skewed way. Other parts of life are truly more important.
Than you for sharing this!
The health is absolutely true. I retired at 61 because I had enough. Earlier is better for sure. Don’t let yourself work just to have a bigger pile once you pass for your family to fight over.
I am 72 and love my work and value I can add to those around me. I still feel like I have a lot to give.
I retired in January, then my wife passed away 1 week later. She was the financial person so I’m trying to figure things out now.
The video is very helpful. All correct. I was super happy when I retired at 59. Did my doctorate for four years and now I am free, did my bit, check check check. Got rid of negative people, including lifelong friends. Got my OK money pot. All good. Very happy.
My dad retired at 65. He worked hard and provided an amazing life for his family and wife. It was a very well deserved retirement. Sadly he only had 10 more reasonable years and then his health declined. He passed away 80.5yo. He deserved a much longer and fulfilling third age of life.
Don’t wait too long.
The stress of my teaching job impacted me so badly that I had a health crisis. Not worth it so I got out at 55. It was killing me.
I knew there was stress in my job, but not until I retired did I realize how much stress and how much it affected my health. Happy to be retired and working on healthier habits and enjoying the simple things in life.
That’s great to hear!
This validates my thought process in retiring at 55.
I’m 53 and was ready to retire at 55 with $2.5 million. My nursing job asked me to stay on but only work 2 x 12hr shifts. It has changed my life!! I can see myself doing this for another 5 years but definitely stopping after that!!
I retired at 67 and love it. A number of my friends have not retired because they struggle to find meaning in their lives outside of work. I cycle, travel, cook for homeless folk, enjoy music concerts and manage my investments. I have no regrets and at 72 enjoy the freedom.
The trick is to make sure you have meaning and purpose.
This is a great video. I am 65 and still working. I transitioned to a new job 6 weeks ago after almost 20 years at my previous position. The first month at my new job was difficult, but I haven't had so much fun at work in a long time! I'm grateful for the opportunity. I was late saving for retirement and am enjoying my new job, so I'll continue working for now.
My brother is 64 and retired at 60 for health reasons. He flourished in retirement. He had heart surgery last week; it made the point about time stand out.
I had planned to retire at 65, assuming my savings would be adequate at that point. However, my company moved to another state and I was offered a considerable severance package which allowed me to retire last year. I definitely didn’t work too long. I liked my job but the relocation and new management make my decision easy.
Just passed 80 . Years ago I decided to pick an age and a $ amount and which ever came first would be the trigger . The $ amount came first so I quit which I guess should have been the end of that part of my life BUT right out of the blue I was offered an opportunity that was going to take 40% of my time in a totally unrelated industry. So I thought about it said yes and 20 years later I am still in this part time gig which to be honest makes me laugh .
Perfect timing for me to view this video! Today I am retiring after 23 years in accounting. I am 61 and so happy to walk away from the deadlines and daily stress. I love my job but the stress is too much. We have been savers all our lives and it is time to walk away and into a new chapter! ❤🎉
Was planning to retire at 62, but when I discovered I could pull from my retirement at 59-1/2 I did some rethinking. Was working on my feet 8 hours a day with a bad back, arthritis in hands and neck, and really so exhausted at end of day i didn't do anything. Plus, worked for a company that wanted you to do the work of 2-3 people and really had no loyalty to longtime, hardworking employees. I retired April 1 and don't regret it. Have always been frugal so the financial aspect hasn't changed. Been able to take care of self and exercise. It isn't perfect, but life is less stressful.
I Left my job after 17 years when my wife said this job is killing you. It took 2 years to get healthy. Lost 25 pounds and became a Nutrition Coach. I make less money, but don't need the money and am more relaxed and happy.
I retired from my job at 56 and I'm now 60. I still have a young daughter to look after and I am thankful for having the time to spend with her.
I really struggled adjusting to retirement. So much so that I actually went back to work part time for a year. Now I am officially retired and have found that joining a gym has really helped me. I have never had a gym membership in my life but my Medicare advantage plan pays for it so I thought WTH. I get up every morning get dressed in my work out clothes and head to the gym. It gets me up and out of the house and then while I am out and about I run my errands. Besides feeling healthier with my work out I have a routine and by the time I get home I already feel like I have accomplished so much. Also we had our first grandchild arrive end of last year so that keeps me busy too. Retirement life is so much better! But it is a huge adjustment. Be kind to yourself if you are struggling like I did. It really takes time to settle into your new life.
Time is the greatest commodity out there. You can always go back into the workforce and make more money if you have to but you can never make back time.
The only person who could help me get out of a stressful 20 year career was me. It’s amazing what you’ll put up with at work when you’re a single person with a mortgage and a degree to pay for. One day I burst into tears in my office and HAD to make a change. I refinanced my mortgage so the repayments were less than half and got a job with practically no responsibility that paid much less but it saved my life. I no longer care about keeping up appearances with an impressive job title. And can I tell you, no one wants to hire a senior manager into a junior job, it was much tougher than finding a more senior role so I asked my manager for a different role and replaced myself with a new manager who I then reported into and worked from home, they thought I was crazy but did it. Anyway I now have no stress and my health is returning, a big leap of faith. Take care
The “life in weeks” image got to me!
It can be an eye opener!
I decided when I was 55/6 that I wanted to retire at 60 and looked at what the financial, etc situations would likely be and what I’d need to give up to retire at 60 and if it was worth it to me. I decided it was and did it, very happy with my choice.
Right on. When you’ve saved all of your life, it can be very hard to stop saving, it’s a habit. I think I am saving more in my first year of retirement than I ever have while I was working and it needs to stop. I have lived this first year of retirement as a miser, skimping and saving at every turn, and for what? For no reason at all. 😮. I retired at 55 and I honestly couldn’t have worked a year longer. Covid was devastating for my health even though I never had a bad case of Covid. What I have had has affected me in so many ways and I am not the same as I used to be. I don’t know whether it will ever get any better. So it’s time to spend the hell out of the money, in the right way of course. These are all great points. Great job.
Thank you!
I'm so ready, today was my last day! It's a little scary but I think less stress will improve my health. I agree completely with avoiding negative people!
I've thought about a lot of things you've mentioned here, however you've articulated them brilliantly, a recommended watch for anyone over 55 or close to retirement. Thank you.
I’ve been retired for six years now. I retired early and moved to Mexico into a retirement community. This is the most important video on RUclips today. Everything you said is spot on. I have never seen a placed in such a concise manner.
If this information could be spread, retirees problems would be solved.
Thank you.
Thank you.
My wife died on active duty Navy in 2014 and is buried in Arlington National Cemetery.
I retired a few years later.
I am retired from nearly 30 years on active duty in the US Navy.
I worked for a few month after, but decided at the age of 61 that there was more to life.
Now. I am doing things that I want which started in the Navy…visiting nearly 100 countries.
I have a couple of things on my bucket list which I am sure that I can complete in the next few years.
God bless all of you.
Just retired at 70. Adjusting to not having to do my own car and house is hard. We have the cash but still have the cash struggle mindset. Thanks for this video.
Each one of these resonated with me! Especially the value of work vs what I am getting out of work, it’s has now gone into the negative. It’s time to live life on my terms, not my employers terms.
I gave notice of retirement last week and my last day will be Sept 6th.
Ive run the number of working one or two more years and it does increase my overalll success. BUT.... it’s time to focus on me and live a more simple life.
My Monte Carlo is just above 80 and I’m surprisingly comfortable with it. I’ll flex, readjust, pick up PT work if/when needed.
I now realize there is no guarantee of tomorrow and I need to live the last 1/3 of my life now!
Sept 6 is a good day 🙂
Good video. Americans from the baby boom gen were sometimes taught to fear retirement (alzheimer's, nursing homes, running out of money) and to save relentlessly for the future. Respecting my future self made sense to me but now that I am my future self I have to recognize that and start living. Time for me to retire before I hit 67 in October. Thanks.
I like how you’re thinking about your future self !
Dave, I am a teacher who will retire in about 5 years. Yet I learn so much from your videos, and I´m not talking money here, even though your philosophy and mine there pretty well mesh. I´m talking about your wisdom in getting people to plan what they want to do and who they wish to be, to be happy retirees. I think I will be ready, but I also think I´ll keep watching some of your videos. There still might be more for me to learn and consider. All I can say is....Thank you!
Your life in weeks definitely resonated.
Same here!
I just turned 59. I’m a self-employed musician with no plans to ever fully retire. find it very liberating that I have the financial and emotional flexibility to tell people who steal my joy to go pound sand. 😂
Great points. Thank you
Wonderful clarity of speech. It's always a pleasure to watch. Thank you.
Just stumbled onto your channel. All sound advice and I'll be watching your other videos.
As usual, Dave…great, useful vid.
Great perspective. So true!
Brilliant Vlog as ever 👌🏻
Thank you for the thought-provoking insights. It is always informative to get your perspective from other people's experiences.
Glad it was helpful!
Solid video!
Love this!
I just found your station and this presentation is excellent.
Thank you for your uplifting and generous advice!
You are so welcome!
Excellent content. I am facing all of what you talked about.
*Love this.* I have similar conversations with clients about the amount of news they are consuming... at some point, it's just not healthy!
I am 59 and 6 mos away from retiring. I have not made it through the entire video yet but #3 IS THE MOST important IMO. I see so many people my age who are in terrible shape, at least 30lbs overweight or more and stressed out, usually drinking everyday and they eat terribly. I see others that are just starting their 70s and they can hardly do anything any longer and have already had numerous surgeries or medical related issues. Many of these things could have been solved long ago by simply walking at least an hour a day and eating better. The focus on money is just way overblown and more people should cut their expenses, retire NOW and focus on living a healthy life!
Really excellent video. Very thought provoking content.
Thank you!
Great video!
That was an excellent vlog. Very good concepts to share even for those of us outside of the USA, thanks
Glad you enjoyed it!
Excellent video I can identify with everything you mention. Greetings from the UK
Truly enjoy ur videos.
Thanks so much !
Excellent video, your story telling about retirement and finances are so informative. As soon as you have any openings for new clients I am ready.
Thank you!
Excellent content, thank you.
As for your question about the relationship between work and health- I now work part-time on purpose for fun and health. My side gigs are public facing jobs that help me to stay engaged with the world, keeping up my physical appearance and most of all, offering me opportunities for continued learning. Because I am not there for security, money or promotion, I often can just stand back to observe and self-reflect - an important thing if one wants to gain wisdom while one ages!
Again, thank you for a very constructive list. Life is all about attitude!
That was an impressive list. Those last three in particular hit the nail on the head. And you made some great points I've never heard made by a wealth manager before. Well done.
If I had one _slightly_ critical note, it would be that--as is almost always the case with these retirement advice videos--it's aimed mainly at people for whom the amount of money they've saved is not a problem. Which I can understand. I mean, if you're a financial manager, who do you want as a client? That guy with the big pile of money, or that guy with the small pile of money?
That said. . . great video. Great advice.
I can empathize with a lot of these. Approaching my late 50's and have been thinking of retiring, but always seem to come up with a reason to put it off another 6 months. I have an uncle who's been retired for awhile and every time I see him he asks, what's the retirement date now. Like the video says, I worry about how much I have saved, the economy, inflation, our mind boggling national debt. I'm worried about the dollar collapsing and everything I've saved not being worth anything over night. I know he says watch less news but how can you ignore it, like Saudi Arabia announcing they'll no longer trade exclusively in dollars after 50 years, I mean that's scary! The dollar has always been king around the world and when you hear news like that it makes you think, well maybe right now is not a good time to leave a steady good paying job!
Great information, might reach out for advice.
Great video! Thank u.
You’re very welcome
Everyone needs to question why they are working and what they are trying to achieve whilst living on this planet. We are all on the same train ,just getting off at different times . We need to really find out what makes us happy and fulfilled whist riding that train.I have had my time on the hamster wheel and now enjoying the simple life ,lots of beach walks which we both love,playing guitar ,reading, life in the slow lane is great.
Hey Dave, i'd be curious of your opinions on something i don't see often in these retirement videos; military people. I'm turning 39 and will have a pension for life. I cant seem to decide how much more i should work for a more lavish retirement , or how monthly pension that are affected like things such as COLA should be calculated. If I'm comfortable with what my income will be now should i just assume i'll be ok forever if i maintain a similar lifestyle?
I do all these things. My only problem is I have investment properties that take too much time to manage. So retired? Not really. More dealing with shit...
I slowed down my work schedule at the age of 52, slowly reducing my work schedule to 15 to 20 hours per week. I fully retired 2 years ago at 59. It was a very good decision. The best is to wake up early especially during the summer, have my coffee outside, read the paper and then have breakfast with my wife. Then I ride my ebike for 30 miles on beautiful bike trails, come back home for lunch. Afternoon at the pool with friends at the condo. I liked the life satisfaction chart that you showed, my life satisfaction followed exactly the same path as the chart. I will also remember what you said about having regrets. I need to forget about past mistakes, we’ve all made mistakes and we need to forgive ourselves and look forward to many beautiful years to come.
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible. I honestly don't understand why people don't move to another country when they get older in retirement. It seems everybody has excuses for almost anything to not take action to better their situation.
thanks
Some stress at work is to be expected. But if its affecting your health, its time to get a new job or move to another company, whether you retire or not.
I agree.
Why don't any of these retirement channels mention part-time work? Lawyers, doctors and other professionals have this option. I do. I LOVE IT!!!
The best thing my husband did was retire at 62. I was a little nervous about the money, but I told him if he could show me that we'd have enough to live on, I'd be in too. He found out what we'd get from his pension and our social security and it was totally doable even though we had to pay for medical insurance until our Medicare kicked in.
Every single day I am trading off health for work at this point.
I'm 53. I have recently reduced my hours. I would rather be time rich rather than constantly chasing greater wealth.
At the end of the carrer, the work/health limit is all the question.
Bravo to all...especially 8! I retired as airline pilot 7 years ago and now have regular bowels and sleep better.
I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
I’m now 68, and one thing I’ve realised is that it’s OK to cash in my investments. I don’t necessarily mean spending them, just that they can a source of too much anxiety. Let’s face it, investing should be a long-term strategy and it’s very tempting to think “just one more year”. But at some point you have to face reality, you’ve invested all those years, now is the time to go for cash in the bank and stop thinking about what the markets may do.
Just turned 63, no kids, no spouse. Retirement will happen when I find it, or it finds me.
I wonder how the greatest generational wealth transfer is playing into when people might retire.
Understood
I should work for about 16 more years before reaching traditional retirement age. However, I've increasingly been thinking that career advancement is simply not worth the added stress. The house is almost paid off and we have enough for both kids to graduate from college debt-free. Retirement savings is fine.
I have no desire to acquire adult toys like boats, motorcycles and second homes.
Clarity, my circle of families and friends got smaller and of a higher positive quality
The sad part is that the modern job has become so damaging to health, and this is almost a universal experience. The expectation of killing stress has become so normalized that people see retirement as their only option for improving their health.
68 and still working full time operating NASA spacecraft; a job which I generally enjoy and which Im held in high esteem by peers and superiors (all of whom have made it clear to me that they want me to continue). SInce covid I have lived at the beach (a 2.5 hour drive from control center) and worked full time remote 4 weeks out of every 5... Decent retirement savings, receiving a good pension from previous employment, making great salary, generally low stress working during the 4 weeks remote, a bit more during that 1 week in office but not killing me by any means. I Get 7 weeks off per year so I can still do adequate vacation travel. I DO have several triggers that will automatically cause retirement decision (full time back to office is one). The crazy thing is I walk around my beach town and think of what little minimum wage type part time low stress "jobs" I might find OK in retirement as a way to stay busy (i.e. running the beach umbrella rental concession) and THAT is why I'm still working because as soon as I compare those potential jobs vs what I have now I realize how stupid such a trade would be. Ultimately I can't really find a good reason to retire at the moment (but of course that could change in an instant). When I was younger I worked to live, now it is becoming apparent to me that I live to work. Oh the humanity
My life in weeks needs a defrag
Nice to hear from someone who is reasonable. You’re not gonna live to 100. Don’t be the richest one in the cemetery. Retire as soon as you can.
I have never once in my life heard a woman say that she would work so that her husband could retire in his fifties, so he could have more time to enjoy his quality of life in retirement. Women will sit back I want to do nothing and watch their husbands work their fingers to the Bone and break their backs until they are 65 and have no gas left in the tank to retire. To all you younger guys out there, don't let your wives and girlfriends sit on their asses getting fat doing nothing. You need to protect your finances and keep them working so that you can retire at a decent age and have a chance to enjoy your life for all the hard work that you put in.
54 and think more about health and time than money.
I dont disagree with limiting news consumption, especially these days however it may leave you blind sided when their ignorance starts hitting close to home.
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
Glaringly absent from this video is any mention of health insurance. As Americans, this is extremely important. Sure, I could afford to retire at 60, but what would I do for health insurance? I could never afford thousands of dollars a month for health insurance premiums, deductibles and medication costs. Focus on my health by retiring? Yeah, right.
I do kinda in a way wish I would have worked a year or two more, retiring in to the C19 downturn wasn't fun, but if I was still working and contributing to my retirement accounts as I was, I would have been investing into a "on sale" type market.
Spelling mistake on your caption - it says “…people who don’t UPFLIFT themselves”
Men:
1) Stop being a person women want. Dressing that way, driving nice car, nice house. All a waste of money. Act poor.
2) Cut your hair at home.
3) Cheap thrift store clothes
4) No expensive vacations to impress others.
5) Stop caring what others think
I wonder why people focus on heath after retirement.
"Upflift"??
I am 32 and I am retiring with 2 million. Can someone help me create a plan? I have too much anxiety
I Want to work till I'm 70yrs old.
I think you are absolutely Correct !!!! You Can't renew Your Time Or Health !!!!!
It's scary retirement you save all your life then you think will I have enough plus you now take money out and your stash is moving the opposite way than it did for forty years but iv been out now for four years nine months and it's great 54 was a good time to go 😁