Is Sarasota Tim's advice really dangerous?
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- Опубликовано: 14 ноя 2024
- Today, I discuss the risks involved in taking advice from Sarasota Tim and the RUclips community's responses to his videos.
My name is Howard and my goal is to bring RUclips viewers interesting and factual information about the process of getting to retirement and living a successful retirement, through my channel, Otter's Retirement Corner. I have a degree in Finance, with an MBA from the University of Chicago's Booth School of Business, along with an extensive career in financial services, credit and risk management, within the Banking industry. I have extensively studied retirement topics such as: Social Security, Medicare, investing, economics and portfolio withdrawal strategies, to name a few. My own journey getting to retirement and now living within retirement has allowed me to gain an important perspective on those topics. Note: I am not a financial planner, a tax accountant or an investment advisor and none of the material covered in my videos is intended as personal advice. My videos are for entertainment purposes.
You can email me at: retirementtalk43@gmail.com
Please subscribe to my channel, "like" my videos, share my content and comment.
Tim’s life shows that everything he suggests DONT DO and you are fine!
Exactly.
Engaging with Tim would be pointless because I’m pretty certain he has multiple mental conditions that prevent logical coherent thought.
Only by engaging with him, will we know for sure.
He cracks me up when he gets upset about mortgage rates and rental prices yet he's 65 years old, and when he was talking about a collaboration with T-Bucket he was looking to get a first time buyer loan!! tell me a 65-year-old man that you know, that has never owned a home. so he never built equity and now he is bitter... really?
Larry: As noted often by many people, Tim is not a financial wizard.
His problem is his constant spending and not saving. If he had opened up a house account and put money in there for a large down payment he would have a home. Zero self control.
@@dnse1943 Zero discipline.
Tim thinks his RUclips money, buy me a coffee money, aka. as a slush fund, will never stop.
@@kokolovitch56 you're right! Love your profile name, had a neighbor years ago, Nikola Kokolivitch
You were one of the first RUclipsrs to point out how poor advice and you have my respect for it
Thanks, Legit.
Edward phd
@@lisaoscar1625 Do you mean Dr. Ed Weir? Edward PHD runs doom and gloom videos.
He makes all these false claims, to make a case for his retirement advice. Bottom line, he needs cash to live. Now YT is his prison job. No one should take advice from a man who never saved, planned for retirement or is addictive if IPhone.
Tar: Yep, you are right.
Taking Tim's advice is like pooping your pants and changing your shirt
Hmmmmm!
I'm confused
@@RetirementTalk43my translation GROSS!
Howard - I think people like us, have had good careers, good education, a skill set, we would say much harder work ethic / head on our shoulders mixed with maybe a dash of luck. I personally feel I worked hard and had no luck, but whatever. We saw the system work for us. Tim and his supporters - well for various reasons we can't connect with them, no matter how polite we try to be, no matter how much logic or reason we try to give them. I saw someone the other day carefully point out they hey - Tim lives for free on Teddys land, your 1700 a month is gonna get eaten up by lot rent that he doesn't pay. Tim can't help himself at this point, he wont back down that his advice is bad for most people, and those who are intrigued by it feel they have nothing to lose. Chances are they are not in a great paying job at the end of their working career, have little to show for it, little to risk, little to lose type deal. We can't seem to connect to them. I can't tell you how many times or ways I'd try to describe to tim. Right now if he got a full time job at target he would be making more per hour than he does with RUclips, and it would allow him to set some money aside. The guy avoided working his whole life, he wont start now.
Taco: As long as he makes money from YT, he won't stop.
@@RetirementTalk43 YES, he can''t figure out that 8-10 videos a day, hes working harder than ever. But - if every video brings him a few bucks, at the end of the month he has a little something and he needs it. Although your career and training recognize logic, math, and understand financial concepts much more than tim. His math is always wrong, and he can't understand nearly anything. Most of Tim's problems in his life, and repeating this bad math to the world come from Tim''s low IQ, and personality disorders. RUclips is the first time at 65 hes ever been heard. You or I have been heard by our friends, family, co workers, we may have given speeches or reached dozens or hundreds in our workplace or professional organizations. This guy was ignored and laughed at every step of the way. Can you imagine us telling our peers that the 3rd leading cause of death in united states is going to the doctor?
@@tacobender100 Where are the fact checkers????
@@RetirementTalk43 Howard, your an amazing person with a great heart and commitment to fighting the good fight , Tim isn't interested in facts. Your using too much logic and common sense when trying to see his point of view. He might as well be from Mars at this point or you are speaking Chinese to him. Anything you say no matter or correct it is , he won't understand. The other day he mentioned several celebrities dying. All way over the age of 73. None of which worked part time jobs. His lack of maturity in brain power as well as emotions can't be penetrated.
@@tacobender100 I have to keep trying.
In answer to the title: Yes, it is. What I've really noticed is how shockingly incurious he is about the world around him. In most of his driving videos he has no idea where he's at - he just punches the destination into his phone and that's that. Just recently, returning to Sarasota after the hurricane, he mentioned Marco Island. He wondered aloud "Is that south of Ft Myers? Maybe it's north. I dunno."........ C'mon, man! I wouldn't expect outsiders to know, but you've lived in Florida how many years?
Yea, he actually did better out west with a smaller city like kingman and laughlin, he was able to familiarize himself faster. He learned where the McDonalds was, and it helped out there was only one . not 5 in 5 mile radius. Some have seen him struggle with words and assume its alcohol or dementia, i really think he was on the lower end of the spectrum as far as IQ goes, he can't process emotions at all and you see it in his videos when he goes thru cycles of highs and lows, and needs help sorting them out. Dropping at 16 because he found love with the neighbor and her two kids - well there was more to it, he was groomed, the parents didn't step in, and academically how good could he have been doing? - no guidance counselor or principal stepped in. He could have gone further in today's public schools, but back then special needs or targeted education was piss poor.
jimmy: My focus is on his disinformation around SS and Medicare.
@@tacobender100 todays schools have lower standards so that may have helped him in todays schools.. but I think the comment that he suffers from ADD may be spot on..
@@michael-dx3lc He got the short end of the stick as far as upbringing, he talked about some beatings from a step dad and a phone booth hooker of a mom, his half sister came to the dads defense and didn't recall things the way he did. His upbringing for sure did contribute to what we see from him today. We can't excuse what happened because of say the times. This was the 1970s, not the 1930s during the depression or during WW2 where someone could easily have dropped out at 8th grade to work to support the family. Heck, abuse still happens today and people still fall thru the cracks. But his brain not fully developing, his personality disorders, and limited understanding of finance amongst many things make him so beyond unqualified to offer this very complex advice. He once said in a video, people make fun of me for living in a trailer or having never owned a home like that matters, whats that got to do with anything? Well, All of us would want to take retirement advice from someone not functionally homeless. Same way I take medical advice from a trained and licensed Dr.
@@RetirementTalk43 I get that. Which is why my initial reply was so short. Nothing to add on that front. The math is the math. The rest was just observation of this odd fella.
Tim is also in a lifetime confinement with Advantage Plans because he is now past the 6 month window to get into a Supplemental Plan without an underwriting!
Not good with preexisting conditions! 😢😮
Excellent points!
kilroy: I went through underwriting last year when I switched Medigap plans. It was two questions over the phone. It was a joke.
@@RetirementTalk43medigap might be different, but if you switch from Advantage plan to regular Medicare, you will be asked a lot of questions and probably won’t be accepted.
Another ridiculous decision by Tim.
@@RetirementTalk43 May I ask, do you have pre-existing conditions? I have an N plan and another company was almost $30 per mo. less. I have hypertension and diabetes although I'm not overweight but get routinely rejectedfor insurances. Just wondering if it's worth attempting.
Unfortunately some people who take Tim's simplistic advice are unprepared for retirement. A side gig at 62 is far different than a side gig at 75. Many people , due to health, can't work at 75 and without a large amount of retirement savings, that monthly SS check will be all you have to live on.
david: It is called life planning. something that escaped Tim.
If you need to work to supplement your SS then work a real job, not PT and certainly not a YT channel. And put together a nest egg, even if it is humble, it is still better than nothing. The thing is someone like Timmy who thinks he is crushing it but is far from crushing it because there is very little chance that he will ever be in a position to really retire. If circumstances force it, he will be destitute without the extra income. But there it will be, archived on the internet, the daily arrogant comings and goings of someone who put themself into a really bad situation and for no good reason. Crush it---really?
According to Tim everyone will be dead by 75. Why plan.
Out of one side of his mouth, is his bragging, boasting…One thing I got is plenty of money, constant shopping out of boredom. Then begging out of the other side of his mouth. He is the ONLY RUclipsr I see do this.
Yea he was out buying himself a shirt when people were literally loosing their lives that day!! He is UNBELIEVABLE and has NO EMPATHY for anyone!
He is selfish and does anything to get subscribers!
I honestly don’t know why anyone takes financial, medical or nutrition advice from Tim or him to take it from random people on the internet instead of professionals in that area. I still watch him at times and I think he means well but he’s not well enough educated to be talking about a these issues. I got on him today about his dr telling him he needs eye drops and surgery, but he’s and some of his followers don’t believe he does. I asked him if it made more sense to quit taking the eye drops and surgery or to go blind. He’s worried about the drops making his eyes red in his videos. But he will go blind if he quits taking the drops. You’d think it would be an easy decision on which to do. SMH
Now we know why he thinks he won't live past 73.
@@RetirementTalk43good point. lol😂
Howard, I do think you should make a video calmly explaining just one of his points as how its wrong. A quick 5 minute video disecting something as simple as the you only live to 73, and if you see someone older than 73 they must be a ghost. One video a week that isnt too taxing on your life - but something that show cases your ability to speak in a factual way while adding your own spin on it. You have a lot to contribute and people would want to hear from you. I like your videos and delivery style beyond my "hatred" of sarasota tim.
I'm just not sure I want to devote that many videos to Tim.
@@RetirementTalk43 think of maybe 3 points , easy talking subjects , you could talk about , fast not 20 minutes , but 5 to 10 minutes that people would be easy to find , and easy to listen to , and maybe not even mention him either at all or beyond say a 30 second intro. You have a talent and credibility, you could likely steer people in the right direction.
Timmy's advice is dangerous to those who heed it because it is simply wrong.
Those desperate to retire ASAP want to believe 62 is right for them and are easily swayed.
Not just the advice is wrong, but the comments are biased to those that only agree with and praise him.
Unfortunately, what we want and what we need are rarely the same.
If people had any idea of how evil that man is they would run from his content.
Evil? Maybe not. Misguided and ignorant? Maybe.
Not dangerous if you don't watch the channel
Right but, there are vulnerable people who do watch.
@@RetirementTalk43 Absolutely, those that watch his SS videos are coming to his page because they are planning on retirement. I came over to watch and immediately knew his advice wasn’t right. SS is not a one fits all, when I commented he might want to put in a disclaimer I am not a financial advisor, these are my opinions …. he deleted and blocked me. This can be detrimental to seniors who take his advice.
Howard I enjoyed listening to your thoughts, Just looking at Tims living situation is enough for me not to take any advice from him whether financial, lifestyle or health plans.
pegs: I'm glad you recognize that.
BTW...excellent video laying out the facts. Everyone that watches ST needs to watch this video. ST will never discuss these retirement issues with you...he's not mentally equipped.
Moe: I have formally challenged Tim.
Tim NEVER says go to a financial adviser
nope
Because he doesn’t have anything to invest or grow.
He actually says to avoid financial advisers...because they just want to make a commission. He specifically says to avoid a professional.
@@heymoe1179 That shows his ignorance because the commissions charged by my advisor are very small and reasonable compared to the growth of my account.
My advisor is providing a service and I hired him for his expert advice. I pay him just like any other professional I hire.
Tim is giving advice based off of no actual experience.
Sarasota Tim is clueless about finance. A lifetime of bad choices and now he is coaching people to take SS early. I wish people taking his advice would research SS on their own and run the numbers. That guaranteed income is golden and the amount you get by waiting is worth it for anyone who has a reasonable chance of living into their 80's. People who start putting even a few hundred bucks into an IRA or 401K starting when they are young are going yo have a lot of money 35 to 40 years later. Tim says he took quite a few cruises when he was young. Imagine if he had invested that money in index funds or even a target date fund? I think people should have fun but cruises are expensive. I'll bet you anything he charged the bulk of the cruise costs instead of paying cash.
Jinks: It is all about living below your means and investing the difference. It takes discipline.
The bottom line is Tim is not retired and will have to work till the day he dies or live off of $1700.00 a month, that's not a good thought !
Yep.
This has been my stance since the beginning. When you get caught up in the “it’s their own fault” narrative, you’re blaming the victim. As you said, there are people who are naive about money. They don’t have a spouse, child, friend who they can turn to for advice. So they come across someone on RUclips who is a smooth talker and that’s who they listen to. We should have some empathy for those people and not say “it’s your own damn fault.”
grandma: That is why there are laws against financial elder abuse.
As an individual who budgets and really watches expenses and has a workable plan to finance our retirement with ample funds, I cannot in any way imagine the pain that awaits someone like Tim who has literally nothing saved, probably has significant debt, no permanent home and really is not the kind of guy that anyone would want to share and apartment with to save expenses. His future looks so dark, so sad. How Tim and those who think the same cannot see it is difficult to comprehend. I guess Tim is hopeful that his channel will last and maybe something else will come along but long term this is not a viable income source, that is plain as day.
thomas: Tim's plan is to die young.
@@RetirementTalk43 You might have a point.
Hey Howard S T is a total PT Barum in the 21 century… ironically, I used to view his videos as entertainment. Only it’s like a used car salesman that you have no intentions of buying a car from but he is entertaining. That’s how I got onto your website anyway keep up the fight Howard.😊
ST is like a bad reality show, car wreck. Hard to look away looking for the next bit of drama.
Thanks, KRB.
Well…..it is dangerous …because he seems sincere…and honest and there’s vulnerable people out there , especially his demographic is seniors, you always tell us Howard , your not our financial advisor, please do your research. That’s why I watch you your channel…..you’re just giving us your opinion and we make our own decisions. As it should be. But when Tim is actually preaching you should do this. That is dangerous to the vulnerable. You can say buyer beware, but that to me is an excuse for bad behavior. ❤️🌵
james: Spot on. thanks.
Yes the advice givers say their life is great and do what i did.
ken: Who would want that life though?
He put up another SS at 62 8 minutes ago, I haven't watched it
He's using the "big" microphone. Such an ass. He probably saw this video & had to put one up.
@@stacyr6573 I'll check it out at some point.
Don't. It's usless.
Thank you for emphasizing the fact(s) that taking retirement/social security and Medicare advice (from an individual like ST) is dangerous because there are people out there who absolutely don't know better and are clueless on the subject. I can tell you from experiences in oncology healthcare that many of the patients who came to our facility with blood cancers such as Lymphomas, Myeloma, and Leukemia were in their late 50's to mid 60's. Assess to quality cutting edge life saving treatments are costly and you need a very good health plan to get them in a timely manner. Rolling the dice and choosing not to have health insurance or even under insuring yourself can significantly slow down and limit one's access to quality treatment. I listened to many a patient tell me about their personal stories on this subject. Hearing him yammer without any caveats is what offends me the most about that guy.
Cocktail: Tim doesn't understand the difference between anecdotal evidence and real statistics, especially behind diseases like cancer.
When you are speaking to US the dog is really listening 😊. He moves around and looks around and thinking
Kenneth: "She." Juno.
Only a fool, argues with a fool.
ann: I'm confused. Which one am I?
We know that with retirement, one size does not fit all. My hope is to work until I am unable or find that my contributions are no longer needed or valued. If I was experiencing profound unhappiness, had health challenges or emergent caregiving issues, plans would have to change. Social security no longer appears to be regarded as a financial supplement or resemble its intended purpose. From what I recall of Tim's "retirement," it seems rather depressing (to me). Good of you to share your knowledge and call out these concerns. Great idea to propose a friendly debate with Tim, as it could prove beneficial for your channel, his channel and all viewers. But I doubt he possesses the emotional maturity necessary for a healthy discussion. Good points in this video as usual, Howard. There will surely be a viewer or more who will consider the facts you present and they could be spared some financial misery. And happy to see Juno -- even if only for a brief a cameo appearance!
Thanks for your comments, Jean.
Tim has shown his taking Social Security at 62 is a failure. $1700 or what that translates into today, wasn't enough. He's turned into a pan-handler aka beggar. He needs a permanent location for the camper. Ride E-Bikes for transportation. Use public transportation. Grow your own food. Start saving ALL of your RUclips $ for your elderly yrs. No Cruises, fancy restaurants, etc.. No Wallmart, stop the shopping addiction.. Stand on your own two feet
Frugal: Tim will never get serious.
@@RetirementTalk43 Yes he never seems to change does he
Good evening Mr Howard... hey Juno! From my POV, some folks have a fixed mindset and others have a growth mindset. The so called haters simply advertise for ST. Nevertheless today we have so many folks out there there that simply flow along, do nothing, out for the quick cash and believe in a life with no goals. It takes hard work to carve out your niche in society and some folks are adversed to hard work. Take care Mr Howard and Otter where every are... Juno likes the camera.
Thanks MtoF. I think I'll do an Otter video soon so he can get some exposure.
TIMAAAAAAAA is the goat. we get all our financial and spiritual advice from him.
Thank you for your sharing your thoughts on this.
Thank you, Minnesota.
All spot on observations. I wouldn't disagree with any of it. Interestingly (and a bit off subject so forgive me) I don't think Tim has a clue his Collect at 62 videos are remixed and are VERY popular on Tik Tok...someone is making good $$ off of him with a much wider audience; with no attribution to him or even mentioning his name. Social Media is still the wild west in many ways and his bad advice crosses platforms.
Thanks, UTR. I have never been on Tik Tok or X so, it is hard to follow what's going on there.
Your video is right on point.
thank you.
I think Tim is a putz but I myself took SS just this past March at age 62. Difference between Tim and I is 1. I have a pension (not huge but decent). 2. I work as a realtor so my income can be managed, no claw back from SS unless I hit several homeruns which at that time who cares about claw back? 3. I'm taking most of my SS and investing it. 4. I live in a house in a nice rural area, not a travel trailer. 5. I have medical insurance provided by my former employer which will be become a Medicare supplement at 65. I mainly took the SS early because no one has a crystal ball, thus we don't know our end date. My mom passed at 53, my dad at 69 without collecting a dime of SS... so, thus far I'm good with my choices - to each their own! Your situation should be based on your experiences and the choices you've made earlier in your life to set yourself up for the future. I bet there are times that Tim regrets some of his earlier life choices but he's made them and no going back now.
PoPo: Sounds like you have a plan with which you are comfortable, which is the goal for us all.
We've missed you in Tim world
Angel: I feel dirty after doing Tim videos.
I think at the end of the day with RUclips money he has figure out a way to make retirement work. You may not like his methods, but he does have a solution for himself.
Uncle: First, he stumbled into that "solution." He retired before he had YT income. Second, that won't last into his 70s and beyond and he'll have to find a new PT job eventually. Third, it is not about what works or doesn't work for Tim, it is about giving very bad SS or Medicare advice to those who don't know any better.
Thank you for posting this common sense intelligent statement. ST and the "haters" couldn't exist each without the other. I think the situation is hilarious. Tim is a train wreck and folks are happy to watch. The comments on the hater channels are side splitting. I stopped interacting with his channel at all.
norton: It is entertaining, isn't it?
The average male at age 65 is expected to live another 17 years to age 82, this is how to figure retirement needs after 65
Sounds so simple, doesn't it?
Good video…I agree with everything you say…but sadly there are people that don’t have the wherewithal to make the right financial decisions…sadly he’s a danger to these types of people.
Thanks, Shaver.
Hi Howard, enjoy your channel. True or false question. I always heard there’s a break even part about taking Social Security early at 62. If you live to be 76 does the dollar amount start to equal out? Thanks
kklampton: The b/e point between age 62 and 67 (FRA) is about age 78 and between 62 and 70, about age 78 1/2. Of course if you factor in COLA increases the b/e ages are earlier.
I am splitting the difference claiming at 66…
As long as you have a thought process and it works for you.
I haven’t been following ST for awhile but I do recall seeing a comment on one of his videos which said something like “a guy living in a trailer having to work side hustles is your definition of crushing life” then there you go he’s your man LOL. I seem to be doing the exact opposite of what he is doing by still working and deferring social security. Unlike everything else I try including social media I am not totally bad at my work and I am sure I make way more money than he does on his side hustles and you tube although I will admit I wish I felt a better sense of independence to be able to provide for myself through a diversity of activities. Like be competent in many things. I will have to check out chris google maps.
Bill: Never demean yourself through comparing your life with Tim's. You have many qualities that Tim couldn't even imagine.
Remember….$1700 - $300 (eidl) =$1400 - $174 (advantage plan) = $1226 ….. payment on Honda? Payment on Tundra? …..YT earnings are questionable plus the fact that YT gets their share of the donations plus the taxes that will be owed on all income including those reviews for the free e-bikes in return for the advertisement….bikes, generators in his YT business are regarded as income….I’d say with the money begging the books of ST are being juggled to say the least….I think he will be in shock mode at tax time given the amount of money he will owe the irs…
I meant to ask you if you were impacted by hurricane Helene? I hope you were not too impacted.
No, not rally impacted other than a couple inches of rain and some minor tree damage as winds gusted to about 50 mph. Just a couple miles west of us, the storm surge flooded hundreds of house though. Thanks for asking, Bill.
The leech of Sarasota finally blocked me, all I did was ask him if I could start up and collaborate with him a hater channel and now I’m blocked
Mike: Well, you had a good run.
I wonder why you pay attention to SST videos?.. Seems like you talk about current life topics for rietirees.. not a weird single channel?
coleman: I have actually talked about ten other channels over the last year. The videos on Tim's channel are the only ones that rile up people.
I like your channel. I'll listen to your advice quicker than SarasotaTim about you is I don't know if level of status That's you have money that you have a money and whatever but Don't look down on down poor people that goes to the laundry Some people that just not in that position is little things that you say that makes me wonder. Do you look down on poor You gotta have empathy and capassion with the poor the If you are Christian, I don't know but that's the only thing I just wanna say. But good luck in your message. I will continue unlistening to you when it comes to the social security or insurance benefits. But stop Putting down poor people. It's not good and it's not right. That's all I have to say, and thank you.😮😮
earline: The point I'm trying to make is to not strive for the kind of life Tim leads. I know some people, through no fault of their own, have had to settle for that type of life but it is not something you should purposely do.
He’s my financial advisor and guru,,,
Yet he’s loaded/drunk most of the time-
So my answer would be yes,,,
But I can’t understand a word he says before he 💩’s himself and passes out 😂
Listenging to this video I really have no idea what this Tim’s advice really is ? its kinda a rambling video.. I’m retiring at 62 end of October and my adivisor says to take SS at 62 right away… between my pension and SS at 62 I can live comfortable on that and dont have to touch my prortfolio other the unexpected expenses… and my adivsor does not manage any of my portfolio.. he is a fee only hourly advisor for me so he has no money making on my portfolio.. I”m taking his advice and apply for SS at 62 in a few days to start payments in NOv...
lee: Yes, at times I can become a rambling man.
He just put another Social Security/Medicare video up about 15 min ago
Oh goody. anything new or just the same old stuff?
IMO...his misinformation on Social Security is indeed dangerous to those that don't have any other place to get the info.
And ST does NOT tell the viewers to seek professional financial advice...he says they just want to make a commission off of them. He has said "everyone should take SS at 62...period." His incorrect SS info can cost a someone $100k over their retirement years. So yes, he is dangerous.
Moe: Tim's one exception to his SS at 62 rule is if you are still working and making a lot of money.
I have posted about going to ssa.gov and he deleted me, didn't criticize him in the post just responded to a question in the comments. That did it for me. How do you never mention going to the source, running an estimate, etc .....
@@catherined5560 Same here...just offered some factual SS info...and gave him a life expectancy calculator link because he kept telling me I was only going to live until 73. I'm sure I have many years beyond that...at least I hope. 😉
Grifter🤔 Sounds like Trump wannabe?
I'm going to stay away from the politics involved.
Hahahaha. 40 videos ago
It HAS been a while.
ST will never debate you Otter…..he will be like K Harris reading at the teleprompter and it stop working…😮😳🤥😲
Personally, I enjoy his channel. With that said, I would not take advice from a person who has to live in an RV and have a side hustle to be able to afford retirement. I appreciate his positive demeanor but would never take financial advice from him.
He's wrong about the life expectancy calculation. Also, I don't believe most people have "prison jobs". I loved my job and enjoyed my career but there were a lot of things I wanted to do during retirement so I got an early start at 57.
I wish Sarasota Tim the best and enjoy his videos but please don't take financial advice from him.
You are being kind, and I personally appreciate that - but his whole life has been a joke, and his message can be harmful to people. Someone could casually watch one of his videos, and get the wrong idea. Tim is deceptive about what his life is really like.
his "positive " demeanor evaporates very quickly when he is confronted with opposing opinions.. even when offered without malice.
RDQ: Well summarized.
Yes keep giving Tim money…as on the day there was hundreds of people loosing their lives in the hurricane…he was out buying himself a shirt!!! No I don’t watch him…only the parody channels…he will be held accountable soon for his wrongdoings!
@@tacobender100 I hope no one takes financial advice from anyone on RUclips videos…..
56% of men benefit the most by collecting social security at age 62
62% lose if they bet on age 70 to file for social security.
There are of course many other factors, as marriage, and outside assets.
I'd ask where you get those statistics but I really don't want to open up a whole can of worms.
@@RetirementTalk43 Let me say it another way a solo randomly selected man at birth has a 44% chance of getting his social security back through social security checks. A 62 year old man best age to file statistics (he has already lived to age 62) are: age 62-56%, age 63 - 57% chance, age 64 - 58% chance, age 65 - 59% chance, age 66 60%, chance, age 67 - 62% chance, age 68 - 59% chance, age 69 - 56% chance, and age 70 - 53% chance. Now this can be hard to understand but it is accurate. The hard issues are understanding he has to live to the filing age, and later has to live long enough to collect the money back. It starts lower because for an example if he filed at age 62 he still has the risks of ages 62, 63, 64, 65, and 66 in his calculation. After age 67 which is the actuarial plan he now has to live past normal ages to collect enough years of checks.
Now regardless of who likes Tim or doesn't like Tim, the fact is his plan is better than is filing age 70 option and roughly a good option. Not as good as filing closer to design (age 67) but reasonably good.
@@whatsup3270 where did you source those statistics?
@@RetirementTalk43 The base statistics are the social security "Period Life Table, 2021, as used in the 2024 Trustees Report" The first round is simply those populations ratioed. For the second round you have to compare the table to the actuarial plan.
@@RetirementTalk43 Well again, another post rejected...... it is really sad that posts on subject are removed.
I take Tim’s advice and could not be happier. So I think you are giving bad advice by advising people not to take Tim’s advice.
thomas: Did you save nothing for retirement? Are you going to work PT? If so, how many hours and at what rate?
@@RetirementTalk43 Yeah, I must admit that I did save for retirement. Maxed out my 401K at starting at age 25 and worked to 62.
Have a respectable retirement account balance and just built a new house with pool on the Gulf Coast of FL so don’t need any side hustle. I take Tim’s advice on going out, having fun and doing whatever you want to do while we still can.
@@thomasnelson3080 So, while you say you take Tim's advice, you actually did save for retirement? You understand you are NOT following his advice? You likely have several million dollars saved now, compared to Tim's recommended amount of $0. Tim's advice is to try to have fun retiring early, without having saved money or optimizing SS and then actually working in retirement.
I reckon, that I did ok for myself on the money side of things.
I just think it’s neat that Tim’s out having a blast traveling, meeting people, working out, going on cruises, etc…I think that’s what we should all do while we can. That’s what I’m getting out of his channel. What’s wrong with that?
I don’t think any reasonable person would take financial advice from you, Tim or any person on the internet without thinking it through and consulting an investment or accounting professional.
It’s all about enjoying what we worked for. C’mon man. So Tim may not have a million bucks in the bank.. that doesn’t make him a criminal. Lighten up dude!
@@thomasnelson3080 If you dig that lifestyle, that's fine. Absolutely nothing wrong with that. Given the amount you say you saved, you could have done that 10-15 years ago. Why didn't you?
The problem, again, is that Tim has viewers without the knowledge base to understand that Tim is giving them very bad financial advice which could wreck their remaining years. They have said they do take advice. So, maybe they are not "reasonable" or, they don't have the ability to reason through the financial planning involved with retirement.
Advice from that guy is only "dangerous" if that advice is taken. My danger meter started to jump off the detente pin when I saw Tim's perfect little fade haircut, and the permasmile, both which creep me out . . .
There is that "creep" factor.