Это видео недоступно.
Сожалеем об этом.
17 Retirement Mistakes That Will RUIN You {Biggest Regret}
HTML-код
- Опубликовано: 3 авг 2024
- Today, we're discussing some of the common mistakes to avoid in retirement. Whether you're already living a frugal life or just starting to think about retirement planning, this video is for you. Retirement should be a time to enjoy the fruits of your labor, but it's crucial to avoid pitfalls that could derail your plans.
Living below your means is a cornerstone of frugal living, especially regarding retirement. We'll discuss why this is so important and how it can make your retirement lifestyle more enjoyable and stress-free. From managing your expenses to planning for unexpected costs, we'll cover the essentials of frugal living in retirement.
Understanding what to expect in retirement can help you prepare better and avoid common mistakes. We'll explore how to set realistic expectations for your retirement years and ensure you're ready for this new chapter of life. It's all about maximizing your resources and enjoying a fulfilling, worry-free retirement.
By the end of this video, you'll better grasp the key areas to focus on to avoid those costly retirement mistakes. We'll share practical tips and insights to help you confidently navigate retirement planning.
________________________________________________________________________
💰 Budget Planner (FREE): frozenpennies.lpages.co/budge...
________________________________________________________________________
Looking for an online app to help you with your money? Check out Simplifi from Quicken: quicken.sjv.io/frozenpennies
Check out the cheapest cell phone plan and save some money with Mint Mobile: trymintmobile.com/frozenpennies
Links included in this description might be affiliate links. I may receive a small commission if you purchase a product or service with the links I provide at no additional charge to you.
As an Amazon Associate, I earn from qualifying purchases.
Check out the frugal home goods and books to save you money!
Frozen Pennies Amazon Store: www.amazon.com/shop/frozenpen...
________________________________________________________________________
I’m so very happy to have you here. We are all about saving money at Frozen Pennies. Whether you have a goal like debt freedom, purchasing a home, retiring, or just making ends meet, we are all about making that happen. Here you’ll find tips on saving money on groceries, ways to tweak your budget, and living an overall frugal life (all while having more fun)! Thank you for supporting my channel.
About Sara:
Sara is a wife, mother, and creator of Frozen Pennies. With an English degree, a former teacher, and a Certification as a Financial Coach, there is no better place to learn about debt freedom, budgeting, and frugal living.
________________________________________________________________________
DISCLAIMERS:
- Links included in this description might be affiliate links. I may receive a small commission if you purchase a product or service with the links I provide at no additional charge to you.
- Information on this channel (Sara Conklin, Frozen Pennies) only represents my thoughts and opinions. I am not a medical doctor, medical professional, or financial advisor. However, I am a certified financial coach. All content on this channel is intended for entertainment, informational & inspirational purposes only. Don't hesitate to contact a professional with any questions. This video and all videos on this channel are a means of social support.
I agree with being socially and physically active. My sister is only one year older than me, yet she walks and looks like she’s 10 years older. I’m 73 and was forced to retire in my early 60s when my company moved out of town. From the first day of retirement I began going to the county run community center where they have all kinds of activities and classes. I met new people and there is always something to do.
I’m now a widow and in a few years I’ll be moving out of state with my only child and the first thing I’ll do in my new home is find a community center ‼️ If there isn’t one near me I’ll find a church and volunteer. Anything to meet people and stay active and alert
Along with downsizing is: move to an environment with a lower cost of living. Because you are no longer working you don’t have to be concerned about the ‘jobs availability’ in the area you move to. This opens up smaller towns and small cities as great places to retire.
Totally Agree! I live in Northeastern Brazil in my Brazilian wife's three-house Assisted Living Compound, debt-free, in a small town with a very positive $1USD = $4 of the local currency. The glass-enclosed State of the Art You Tube Studio I created also helps. 😎
Here's the rule about earning income while on social security: if you retire before your full retirement age (FRA), social security will take back part of your monthly check if you earn more than 22,320 annually (2024). Once you reach the year of your full retirement age, there is no longer any limit on earnings. I know this because I just retired and I'm still working part time.
Ohhhh excellent point!! I’m working until at least 67 as long as my health and energy holds
Partially true, it's
~ $55K the year you reach FRA. BUT the months AFTER your FRA you could make a zillion. But, then there's the IRMAA huge extra you pay on Medicare IF you are a high earner while on Medicare. * definitely sign up for Medicare 3 months b4, or at 65 and get/ buy a plan N supplement medigap plan.
Thank you this is very helpful.
The hairdresser charged you so little for the haircut, I'd give her 20% for sure. It's a wonderful cut and she is just getting started, so I'd choose to be generous. (I'm retired too, so on a more modest income, but still prefer to tip well. I just choose to eat out or get haircuts less often instead.) P. S. I'd also spread the word about her. That would help her greatly.
Forget side hustles. Go bowling, play pickleball, get into archery, read more, exercise, volunteer if you really want to do some work; you lose nothing if you quit volunteering. Be free, don't chain yourself to another job.
Some folks find more gratification in producing. Each to their own.
@@CruisingwithLocstarYou're spot on. I am one of those people.
Yeah but sometimes ppl have to because of fiancal reasons.
I'm a worker bee. I love what I do and I'm almost mortgage free. I plan to work past 67 but cut back when I feel like it.
just paid off my mortgage ( in 9 years) feels AMAZING to be completely debt free.
Congratulations!!! It is the best feeling to be completely debt free. We’ve been free since March 2020 then the pandemic happened the very next week.
Congrats!🎉
Congratulations! God willing, I will be paying off mine in 2026.
Congratulations! What freedom!
Congratulations, well done!! My 63 year old husband and downsized 7 years ago then paid off the mortgage 2 years ago-we are happy and relieved to have no debt!
I retired with full Soc Sec (waited until 67) and my full retirement from my job. And after some years, went back to work full time in a different field. I enjoy it. Truly! So I have 3 streams of income. I travel when I want, live and enjoy 😊.
Good you deserve that.
I hope SS is around when I am old enough. The government has used that fund as a piggy bank.
I wish I had retired
I wish I had retired in good health. I would have gone for another job😂😂
3 streams of income? The SS income limit is around 21K in 2024.
I just Retired in may I sold my house and bought a motor home . Going to travel around Australia, just wanted to get the hang around and see how the motor home works, getting new dentures and other medical issues sorted before I head off
My husband was forced to retire because of health problems so was on disability for a short time and now Medicare. We recently learned About healthcare as the broker explained it all to us. I am only working a small part time job. His health continues to deteriorate so circumstances keep changing. All the plans we had years ago went out the window. Priorities change and you realize that you need to be thankful more than ever for what you have and be grateful for God, each other and family. We did not plan this. You never know how life can change. Focus on the things that really count.
Prayers and blessings to you and your husband! Life definitely can bring unexpected surprises. Hope you are getting the support from your family and community.
I LOVE your haircut! That style is adorable on you!
I also really love your shorthair ..it looks super cute on you .
She's adorable anyway
I was one of the people who fell under the law of getting to collect Social Security after my Ex husband passed away and I could still work my job. I got very sick and had to retire before I planned at 68 , but I didn’t have to collect my own until I was 70 and then the amount had increased a lot. So I feel blessed that I have everything paid off and now can live comfortably, although not lavishly.
I understand the need for DoorDash during the pandemic but now it’s just a waste of money….so expensive
You did an excellent job informing about retirement. Well said. Everything you said is so true. The most challenging part to add is if you are taking care of an elderly. It consumes your time and you are not able to leave them and travel far away. Also your responsibility is focused on them.
As a mama of a severely special needs adult child, I understand the challenge of caring for family. Your words are a legitimate concern.
I love your channel. You are a blessing. I am a high school principal and I have a pension. My husband has always been self-employed and a cancer survivor. He just started drawing his social security this month at 62. I am still working until 65. The only debt we will have is a house payment but it will be very manageable. I am obsessed with retirement planning.
Sorry, but I am retired and still paying a mortgage BUT if I sold my home now, even with a great profit, any RENT I would have to pay in todays market would far outweigh my current mortgage payment. I’m staying put.
I went into retirement with a mortgage. Its case dependent. I have a pension as well. Yes it be great without it. But im ok.
Also, when your mortgage interest rate is 2.6% (as mine is) it doesn't make sense to pull $$ out to pay it off when that $$ is making way more than that in investments!!
@@cheryllilley5115and not mention that my house has increased in value since I built it 6 years ago. So my money is growing faster and my investment too. WIN-WIN!
PS I am also retired. I am living alone & I worked until I was 70 for the highest monthly amount. I pd off all my bills, replaced any household items in the home during the 2 yrs before I stopped working. Frig. Washer, etc that were getting too old & I was able to buy them on sales during the 2 yrs and get very good deals because I had the time to shop around during seasonal sales because I was in no hurry.
Hi Sarah, I had a 401K from an old job. I changed it over to an IRA. I am not considering that as part of my monthly retirement income when the time comes. I am leaving that as my 10,000.00 emergency fund. It is also my hedge against inflation.
I was living paycheck to paycheck, but inherited some money. I sold my home, paid off all my debts, and moved to another state. Paid my new house off and am living debt free. Have a lower SS check since I stopped working early and invested my savings into a interest bearing cd. I am very fortunate, but also frugal. I have always stretched a nickel to make a dime. Not much has changed that way, except I won’t go down in flames if a reasonable emergency comes up. My sister is the total opposite. I think she will be ok since she lives at her boyfriend’s house. 🤞
Love the your haircut! You look great! Your advice is always great! Thank you for all your hard work.
Your new hair style llooks really good on you! ! Great information. Need to hear it.
Love the hair! I'm always amazed at the number of people who take on large amounts of debt when they are approaching retirement age when they don't have to.
Your hairstyle is amazing. I would not change a thing. You have a great hairdresser; do not hesitate to overtip.
Great tips! I love your hair style, it is so flattering and beautiful on you. ❤
Thank you so much! Thoroughly enjoyed the video!
Love your new haircut! I think the length is perfect🙂 And I tip based on service, not on ownership… If I had received that awesome cut and great service, I would have tipped 20% regardless of the fact that she owned the business.
I have a home in Mérida Mexico that is mortgage free. That is where I will retire. Love your content! Wise and intentional!!! No sport shopping. I call it fritter spending and I ask myself when I am faced with a "thing" I want to buy and ask myself if it is a fritter purchase.
Can I own a place in Mexico or do I have to rent?
I recently started my RUclips channel and I suck, but I will keep posting until I get as good as you. I am financially free and retired so I have time to improve as I do not need RUclips income.
Oh, we ALL suck when we first start! Don't give up. You got this!
I'm retired as well. I started my channel on May 15th! Best of luck to us🎉
@@paisleyhunter I have to check out your channel. I am sure that yours is better than mine. I am not looking for job in retirement, so mine will stay low budget 🙂🙂🙂 Best of luck.
@@paisleyhunter I have emailed you
Actually, I’ve watched a couple of your videos and you definitely don’t suck😁
This was all amazing advice. Thank you 🙏🏽🥰
Love your new hair cut! And yes, I had a friend that had worked several jobs in addition on her full-time job to make ends meet and ended up having to pay in $3K for her insurance at the end of the year.
I think it's better to have an enjoyable life your entire life! Not just your retirement. We should be doing things that are fulfilling God's purpose for us. That being said we do need to plan ahead and be prudent with our savings. 😊
Smell the roses along the way, but prepare for tomorrow if you’re lucky enough to get there.
as a stylist of 46 yrs w/a hair studio here at my house for last 22 yrs ( we converted 1/2 the garage ) i keep my prices low…mainly because i don’t pay chair rent at a large salon💕 ( 22 yrs ago it was $170 a week booth rent ) about 1/2 of my clients tip….it’s all very appreciated 🎉😇
Love your new Hair Cut!!❤
Love your haircut! I do have the same blouse as you . I am near my retire age and I do need to hear these tips.
Thanks for all information. ..learned me a lot.
thanks for another great video, ps your new hairstyle looks great 🙂
This is my first
Time here. I like the name of your channel. I’m 5+ years away from retirement but this channel will surely help me to prepare.
Thank you very much for a very informative video You covered a lot of aspects of retirement
We are not retired yet but health care is a big question since we will both. Retire before we are eligible for Medicare ( you may want to change your wording in the video since Medicaid is different from Medicare.) We are planning on having enough cash saved for several years to live on prior to retirement and then sell one of our houses so that our “income” is not too high to effect the cost of healthcare. my husband also has a lot of sick leave built up with his employer, we hope we can purchase insurance from his employer with that for a couple years. But that really only helps us a couple years and who knows what will happen. Your hair is very cute, tip her the 20%! I usually tip20% but only get my hair done a couple times a year.
Consider getting ACA insurance, it's so worth it. Medicare will cost more than I currently pay for my ACA monthly premium. At least consider a catastrophic plan for emergencies and surgeries. If you are eligible for Medicaid, that is also a very good medical system.
@@sandiellett1786so ACA is different than getting Medicaid? Is it one of those Medicare Advantage plans? I’ve heard the Advantage plans don’t always pay and for some much needed health procedures, your health care providers have a hard time or even get turned down on getting those things paid for. Does anyone have any suggestions on how to find an affordable supplement that don’t break the bank? My husband is going to sign up in November for Medicare.
Awesome video and so informative! Love your new haircut! My hairstylist works out of her home, too. She charges $42 for a wash & cut (no styling). I give her an $8.00 tip so I know it’s always an even $50.00.
My hair dresser works out if her home ...she literally charges $10 for a haircut and styling...I give her a $10 tip to make it an even $20...and yes she dies an excellent job..
She is a hidden gem
LOVE your new hair style! And yes... 20%!!
Wow ... Thank you for the amazing information
Great Content. Thank you!
Very informative! These are things some people don’t think about when planning retirement.
The first thing I noticed was the hairstyle 🙂🙂❤❤❤
LOL! Kind of hard to miss that one, huh? 🙂
Thank you for this video🙏
OMG how beautiful the haircut is! you look excellent! so fresh and light! thank you for this video, it is really useful 🧡
Thank you for sharing your thoughts
After you reach full retirement age (FRA), you can work as much as you want without penalty. For anyone born after 1960, that's age 67.
Each person needs to check their full retirement age. I was born before 1960 and my age was 66 1/2
Not in Australia unfortunately. You can only earn $150 a fortnight without penalty
@@jettyd69 Sorry about that.
Yes but I was told I would have to pay taxes on 85% of my SS income if I continued to work FT.
@@Greatgranny5 Taxes are inevitable. I also think you'd have to pay FICA still, too.
I love your haircut. I think it looks great for summer. It looks lighter by weight, not color. You may miss your longer hair. It will grow back quickly! You really liked the woman and are very happy with her work. I would tip her. I googled this. It is now standard to tip the hairstylist even if she is the owner. I always waited quite a few weeks before getting my next haircut.
Hi there, very informative thanks for sharing
This was good info! Food fir thought.
Well done, just retired last week and your tips are super helpful and appreciated.
Oh my! Your hair looks AWESOME!!!
Thanks for this information.
Great advice 💯
I normally tip 15%, more to show my appreciation. I find it appropriate to support our local business owners, especially small ones since they really don't have all the tax credits afforded to really big companies/ 1% group in USA.
Thank you for the great tips. Still have another 13-15 more years before retirement, never hurts to be proactive though & have a road map for retirement phase.
You look great! Love the style on you!🎉
Very good advice! I have been widowed for 10 years. We lived in a 5000sq ft home. I began immediately looking for a smaller house. It took me a year to find it. I was also a Realtor at the time. Priced the house right and sold it to another agent in my office without having to put it on the market. Here in Southern Illinois the property taxes were $15,000. Now I have a home that suits me perfectly. Has wheelchair access doors etc. plenty of room to have to kids and their families come for holidays and birthdays. Also have room for gardening as well.
Great discussion. Absolutely love the haircut as it is!! I tip 20% for a haircut but wow going rate is $75++ here so honestly I haven't been in over 2 years.
I used to play pokies on a regular basis I went cold turkey it's been over two years plus yes I got tempted as stress relief time paper then now I practice frugual life style and saved $$
And it really does take practice!!!
Thank you so much for this video
Medicare is what you get at 65, not medicaid. Medicaid is for low income. You can qualify for both if you are very low income.
No.....its different in some cases. I got MEDICARE at 39. Due in part to receiving my ssdi cuz of serious med conditions. Im 55 currently...
The judge also had awarded me Medicaid for one year. She also DIDNT rule on Social Security's medical report findings....she went by my medical records at the Veteran's hospital, cuz thats where my docs are.
SSI folks receive MEDICAID. Im on SSDI....which is based on the years of work u put into the system. Just thought some ppl should know that. Every case can be different...😌
Such a good video and so well done with lots of wise advice. Here are a few additional thoughts. It's good to have at least a bit of an emergency fund and it can be beneficial if your employer will allow you to transition into retirement, for example, going from 5 days a week to 3 days a week before becoming fully retired. And finally, very nice hair!
I’m doing that now.im now working four days a week.
Really great video 🎉
Your hair cut is so cute. You look especially lovely. I really enjoy working.
10:28 I was shopping when you said this….shopping for sport😏
Love your haircut! 🔥❤️
At 62 and completely debt free, I work part time and will continue to as long as I can…it is a physically demanding job so we’ll see…. I’m planning to sell my place next Spring and purchase a home where I used to live (and loved!) because it is less expensive than New England. I have no intention of taking a mortgage and will continue living responsibly . I also plan to volunteer as well as continuing to work in some capacity.
I am so thankful that I have good insurance, especially since I had heart surgery in February!
I enjoyed your information. A year before I retired I lived off my proposed retirement budget while I was still working. I wanted to see if I felt comfortable doing it. I did have to pay health care for 5 years before I was eligible for Medicare. I stashed more money into my HSA account those last two working years. That money lasted me till I got on Medicare.
Great advice. Very cute hair cut.. ⚘️
Your hair is adorable! My hair stylist owns the salon and I tip 20%. This may differ depending on the area; I live in Northern VA and it is customary to tip 20% regardless.
Just found you this morning so I don't know what your hair style was previously but....I like this cut on you and hope it's easy to "blow & go" in the morning! 😊💐
P.S. lots of great tips - thank you!
Haircut is perfect. Tip for service 😊Great video
You can make up to $22,320 till your full retirement age of 67 for me in July, 2024. After your full retirement age, you can make as much as you like while on social security.
I appreciate the information you presented in this video. I forwarded it to my family members of 20s and above.
I'm retiring in a couple months and I currently have my hair professionally colored. $$ It looks glorious, but I'm seriously considering going gray to eliminate that expense. And my haircuts are NOT $30, that's an amazing find! Looks great!
Best thing I did was to let my hair go natural. Various ways to go about it, I looked at You Tube. So nice to not have that hassle anymore (I dyed it myself). Now I have shoulder length gorgeous gray hair.
I love my gray hair! You might want to consider having it toned, which is essentially the same stuff men use to "even out" the color. My stylist uses T9 from Redkin. Takes 15 minutes total, much cheaper than color and foil.
I color my own hair, but would love it if it was all gray! Guess it will take some more time. My stylist cost about $55. I only go a few times per year.
Instead of “letting my gray grow out” I had highlights and lowlights every few months and slowly transitioned the lowlights out and then the highlights also. It was so natural and I got so many compliments on my hair. People still ask me who colors my hair and I tell them it’s heavenly highlights.
I always leave a generous tip. It costs me very little, but can make a big difference in someone else’s life.
@@kathysnell6469 Heavenly highlights! Brilliant!
YT Channel Retirement Nerds have a lot of great information comparing different ins. coverages in retirement, along with a lot more. Good place to start to understand this complicated issue.
Thanks for the info!
Your haircut is amazing, on the thumb nail. Good for you.
Before you retire, when you’re preparing to retire, come up with a Hobbies Plan. Write down all your hobbies, interests and write down low cost ways that you can enjoy them. Writing, drawing are inexpensive hobbies. Write down family stories. That is a nice legacy to leave your kids. It can go along with genealogy. Some stories, descriptions of the people, families in your genealogy gives life to them. Also, before you retire come up with a ‘Stay Healthy’ or ‘Become more Healthy’ plan. And implement it. Staying healthy in retirement is as important, maybe more so, than having lots of money.
Wonderful advice, thanks!
Would love to be healthy, but some things can’t be changed. Autoimmune and back issues make for less than a strong body! So I’m much less active.
@@Nwladylaura369 Taking care of those things should be in your health plan. I have cardiac and kidney issues and measures to cope with those are in my Health Plan. Some of my measures for those are: low salt diet. Take my meds. Don’t miss Doctor visits. Keep copies of my labs and understand what they mean. Increase vegetables and fruit in my diet and lower meat consumption. If I do eat a meat always eat vegetables with it to neautrilize the bad effect on my kidneys. Having a Health Plan does not mean you’re in tip top shape. It just means you’re consciously taking care of issues you have and trying to prevent further issues/damage.
Retired at 68 but did not draw social security until I was 70. Between 66 and 70 my social security payment increased 8 percent a year. Not to be too political but read project 2525. Social Security will be changed. You can never predict how things will change.
Screw Project 2025. Vote Blue!
@@Nwladylaura369I didn't watch 2025 yet, but Blue has opened the border to a tune of 7 million undocumented immigrants who we the tax payer are paying for in schools (property tax and school tax) medical costing us more, a draw on our resources. Never forget the tyranny of Covid and the control and death camp nursing homes. On and on. Before there was no record on the speaches. Now there is a record and I am not going to buy it due to the record. The goal is Universal Healthcare, higher taxes on top of inflation it will go bankrupt sooner than later. Check the facts, not the fabricated lies on either side and individual politicians. Vote smart.
@@Nwladylaura369It's because of blue we are in this mess.
2025 is truly scary. A "Christian" organization that is eliminating Head Start, school lunches for poor kids, straight medicare to the Advantage Plan that is oftentimes DIS Advantage, de-funding public schools in favor of private schools (consisting mostly of white rich kids) etc
@@johnkelly9451 Nope. Please do your research. One of Project 25's mandates is: "Push more of the 33 million people enrolled in Medicare towards Medicare Advantage and other worse, private options," which would create a financial nightmare for people in retirement. #voteblue
Your haircut looks great on you! My hair is long and I get highlights and color still. I want to do something different but I’m not sure yet? I’ve gotten hairstyles that I wasn’t happy with before and I’m a hairdresser! Lol Where I used to work, even the salon owner got tips like the rest of us did. I recommend to tip in cash, so the hairdresser doesn’t have to pay taxes on those tips. 😊
Awesome points about retirement! Please share if you think of anymore?
I have been with my stylist since she came out of school and have followed her to many salons. I also kept her employed during Covid by having her come to my home when her salon was shut down. . She now owns her own 2 chair salon. She just raised her services by 30% which I don’t begrudge her but our fixed income has not gone up by 30%. I also have referred many people to her. I no longer tip her when she raised her services this past year. She was totally ok with it and understood . She’s not struggling , she just bought a home and works 4 days a week in an expensive state. I think it all depends on the situation in regard to tipping, it should not be automatic.
❤❤❤ I just happened upon this video! I had to subscribe!! THANKS!
You are not “just living on social security” if you are getting assistance from the state or other government programs.
Would be better to say "social security is the only income source."
Hi Sara : ) Your hair is so darn cute, and that beautiful pink is so lovely on you! I must say when I used to get my hair done (I cut it myself and am letting is go natural grey now) the gal I went to owned her business but I did still give her a little extra than she charged because she did a really nice job and never raised her prices much. The rule used to be you didn't tip the owner of the salon but sometimes rules are meant to be broken, I think in this case if the price is low, and you like what you got maybe a little extra is a good thing. Tipping these days is ridiculous for sure.... entitlement attitude is the norm now unfortunately
Sara, your haircut looks so cute !
Excellent tips
Making a plan is not easy, been planning for few years now, still working. .. at 66 , ive got 6 mor months til retirement... debt free but for mortgage. Planning to sell home a some point and rent.. got my finances together, keeping my fingers crossed i budgeted correctly. Thanks!
Great video
Yes, tip her well! Owning a salon has a lot of overhead and is hard work! I tip for good service no matter who I tip. She did a great job!
Nice channel!
Thanks for the visit
Ok, first, I really like your new style! Second, I have been a stylist for 40 years. I have worked in different salons and have never owned one. My understanding is you don’t tip the owner. I have heard many reasons over the years. The one that makes the most sense to me is because as the owner you collect commissions or rent from the other stylists in the shop. Therefore usually the shop owner doesn’t pay rent or commissions to anyone. The down side is if the employees (not rent payers) are working for you then you have to pay the extra FICA. But if they are renting then they pay their own self employment tax. So, it really depends on the situation.
If your stylists rents, definitely pay a tip. If your stylist is a one shop owner operator, pay a tip.
If they are an owner with renters or commissioned stylists in the shop then it is up to you.
As far as the amount to tip! Well , that’s and even bigger issue. Most of my customers just rounded up from the price to make it even. That being said the average tip was around 10-15%. Good luck. Take care!
Thanks for all the tips!!! Your hair looks great!!!
I downsized from a 2,000 sf house to a 550sf house, in the US, so I could buy my house in Mexico! Retirement here I come!
Before moving to a foreign country after retiring please take into consideration the quality of medical care in the country you’re moving to. The older we get the chances of an emergency situation rises. There are countries I wouldn’t want to be caught in an emergency medical situation. Will you come to the USA for preventive medical services? Factor in travel expenses. To me, there are other factors to consider in addition to living expenses when contemplating retiring to a foreign country. Do your homework. You can’t put a price tag on your health.
The best!
As a hairstylist and tipping I would always tip no matter if they are an owner or an employee especially if they are doing out of their home or don’t have employees. She was giving you a much better price and she is paying her own overhead and supplies so she isn’t making more then if she was in a salon in fact she may be taking a pay cut. Remember you are getting a discount but at what cost to her. I hope this helps. Thank you for asking 😊
Something I learned about withdrawing a large amount from my ira to make a good downpaymentonacar... that money is taxable, checking out the tax tables for IRS is important. You may push into a higher bracket. I started collecting social security while still working full time... paid down a bunch of debt. But went from 12% tax bracket to 22% last year... ouch!
Keep in mind how tax brackets work. Even if you "reached the 22% bracket", you still have some taxed at 10%, some at 12%, and some at 22%.
I love all your information. My husband is planning to retire soon. This is great info. Thanks.
I tip my hairdresser. She owns her own business but a cut and style only costs $25. I tip $10 cause it is still cheaper than anyone else around here.
I went 10 months without getting my hair cut and colored because the person who only charged me 100$ retired. I couldn’t believe it was 225$ at a local salon so I waited just as long(I don’t have grey hair yet at 60.). It was 325 so I need a new stylist!