3 Reasons To Retire As Soon As You Can
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- čas přidán 1. 06. 2024
- There are 3 major pillars that are imporant for you to consider when you are planning for your retirement and if it makes sense to retire sooner than later. Take a look and decide what ideas you can implement in your own journey.
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I retired at 62. The time driving to and from work was an hour each way. 10 hours a week of driving! It was an excellent job and paid pretty good but I was so TIRED. I tried to transfer to another office closer to home without success for two years prior and every door closed in my face. Then it seemed God was leading me to look into retirement... I did just that and I haven't regretted it once! Biggest blessing ever!
Wonderful. Commutes are the worst.
House paid for though? That’s my problem, $215K left.
I can't say I blame you. My commute isn't overly bad because I only do it 2-3 times a week. Not having to do it 5 times a week is a game changer because my commute is cut in half. You can always consider working part time if needed.
@@drewdemarco4433 yes, we are blessed but worked hard all our 48 years together.
@@cdsersd2d Thankfully, I don't have to. ☺
I retired 2 months ago, 2 months before tuning 60. Was going to wait until 62-63 but decided to retire and focus on my health. I now walk 5 miles a day, in the sun, used to only see the sun in brief glimpses during my commute. Don't forget the time after retirement has all of those wasted hours back from working and travel to and from work. Retirement time is better quality time.
I'm 59 and wanting to retire now 😂 I have some savings, home paid off and no debt. I probably can't get SS until I'm 62...haven't even checked. I want my free time. So I figure I can wing it for a while and then go to part time job until SS. Just a hope ❤
@@lisalee2885 I never could swing a home, so I focused on my retirement. Still renting the same apartment since 93. Having a home paid off is massive. Don't know yet if I will take SS at 62 or 67. Nice to have the option if needed.
@@pizza4me298 WE do the best we can and honestly in these days THANKFUL to have so much. Best Wishes...keep Smiling and moving 😁👍
😮 Thank you for confirming all the things that have been on my mind as I turn 65.....
A minimalist lifestyle is the process of identifying what is essential in your life and having the courage to eliminate the rest. When you remove the unnecessary, you free up your time and capacity to focus on the things that truly matter in your life. Less is more.
Agree, not easy to most people though.
I also agree. However, it's very difficult in America to live a 'Spartan' lifestyle.
Time is more important than money after age 50.
Time to yourself. Time with family and close friends. Time to live.
So true!!
I do both...money and time!!
time doesnt pay the bills money does😢
@@davidbrooks8809 Money is time.
Everything has a time price.
How long you need to work to get it.
The diligent among us ensure we have enough to retire early, while still healthy,and enjoy the time
No it definitely is not. I would rather not survive into old age if I had to be cold and hungry
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $287k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
The advisor that guides me is Sharon Ann Meny, most likely the internet is where to find her basic info, just search her name. She's established.
@@LucasBenjamin-hv7sk Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
No, no, and no!!! An advisor/money manager will never help you earn more money from your investments because their fees (even at 1%) will destroy your wealth building potential. Invest in low-cost index funds at one of the three low-cost investment companies.
Just retired at age 62, way too many friends passing away from cancer
I hear you. Cancer sucks! Eating well is very important. Happy living well in your retirement!
I’m 54, recently lost my twin. I can retire in 9 months and I’m sure I will in not too long. Living big enough for both of us.
Astra just took off their vaccines for good. Zionist run pharma run by the White House mafia will see ppl don’t reach 70. Covid vaccines was a game.
Cutting s gar, real or not, to almost zero is critical.
Better late than never. Well done!
I have met many people who had less money in the bank and were way happier than those who had more money in the bank by holding full time jobs. You do not need to have alot of money to retire. You need to plan. The sooner you plan and put those plans into action the sooner you can choose to retire.
Yvette, you are 100% right!
I will retire next year at 60. I like my job ok but am just sick of working. I have been working more or less since I was 13.
Me too. Been paying income tax since age 14. I haven’t had a month off since I was 14. That’s gonna change in 3 months. I’m done at 62!
Every day is Sunday when yer retired ☝️😁💛
Me too!! Work since 8 yrs old n retired at 55 coz tired of working!!❤❤
@@user-pc4wb6md6p Good for you. I didn’t get my crap together soon enough to do that lol.
@@Anony_mouse2 I hope so.
I retired at 63 because two closed friends passed. Now 65 just lost my best friend. You can always make more money but you can’t get back time.
Agree100%. I am 66, all of my close friends from childhood days have all crossed the rainbow bridge into the after life. So be happy and enjoy your life now well you are still alive.👍👍👍
I retired at 60. Pushing 70 in a few months. Could have retired at 55, but looking back, I feel the decision to retire when I did was the best I could have done and it was the right decision for me.
Wonderful!
What was your medical insurance after retire at 60?
Medical insurance of course is related to how much the premiums are. Medicare at age 65 and supplemental to go along with it, a federal insurance plan was dropped because the premiums were going through the roof.
Anytime you can be the boss of yourself that’s a huge plus. Retirement gives you control to do what you want when you want! I’m healthier now than working in a toxic environment. Money isn’t everything! Your health and sanity is priceless! When you do retire, keep busy, exercise and laugh ,yes laugh…..you finally made it! You’ll have a lot to laugh about now!!!
This is a numbers game. I had cancer at 27, I am 5 months from 70. Like Hans Solo in the Millennium Falcon, Never tell me the odds!
I retired at 63. Last month. I just got my 1st SS check this past Wednesday. I don’t regret it at all.
Retired at 59 now 61. One of the Best things Ive done. Thankful I was able to financially.
And that’s the big factor. Finances!
You earned it! Congratulations! 🎈
What about your health insurance?
@@litao3014 Health insurance has to be part of your plan.
I am 66, started collecting social security at 63. I work part time in a hotel position that I really enjoy. I enjoy working with young co workers, I feel younger. I still have time to go to the gym for exercise, spend time with family and friends. Enjoying my life I living in fabulous Las Vegas 😊😊😊
Sounds wonderful!
I am 67, lower middle class. Retired after 20 years serving in US Navy. Worked at local state college for 10 years part time teaching math and then retired completely at 55. Absolutely best decision I made in my life. Past 12 years of having my time to myself to do just about anything I desired, mostly stayed home , loll, was and still is the best.
Sounds wonderful. Thank you for your service from another veteran family.
Exactly why I retired at 57 God willingly I’ll have more time to enjoy life before passing away
Makes me happy to see other people retire early. One question I asked myself when deciding was ‘when I’m on my deathbed will I regret that I didn’t working more, or will I regret not spending more time with loved ones’? It was a no brainer.
Great thoughtful question!
Money is important, but if we need to struggle to work till we feel secure for old age life, I rather enjoy the moment when I still have my health, that’s why I stop to work a big at 50yrs old and travelled even by myself all over the world, after few years of travel, I felt myself are fully happy for my life. Now nothing is scary for my future life, I am fulfilled ❤
Great video. I retired last year after I turned 60. Of course I spent my last year of working also in a cancer battle. The earliest I could retire with my full retirement was my 60th birthday and I went out that door. I beat that round of cancer. I’m wrapping up treatment for my second round now. Statistically speaking, I probably won’t see 90. So to heck with working. If I dropped dead at my desk, they’d post my position the next day. Work doesn’t care about you the person. So it’s time for me to enjoy my life.
Sounds great!
Even if you are in good health, you still don't know if you are going to get flattened by the crosstown bus as you step off the curb two days from now. So whether you retire or not, try to get a little fun in while you can! 🤣🤣🤣🤣
"The whole future lies in uncertainty: live immediately." - Seneca
Great respect for Seneca!
@@Olga_StPierre ♥️
Great 👍
I fully retired at 55. I took a hit on my pension, but it was worth it. It's only been 18 months, but I'm not looking back. It helps that i have no mortgage, credit card debt, or a car payment. My wife and I stay very busy with our small hobby farm and our very big garden. I would suggest to anyone that you retire as soon as you can.
We're you a lifelong govt hack ? Not everyone can work a cushy govt job & retire at 55. Whom do you think is paying for your overpaid under worked job ? The Taxpayer. Enjoy your super early retirement.
You're Welcome.
@matt75hooper Sorry your life didn't turn out well, Matt. I'm not sure where you went wrong, but just so you know, i never worked for the government. 35 years in construction. I put in a lot of hours mixed with blood, sweat, and tears. Hard work and faith in the Lord is my way of life. Hopefully, things get better for you. Bitterness is a sad way to live your life. Let it go.
I retired a few months ago at 61. Now I have more time for my hobbies like reading, Zumba, yoga, fitness classes ... Just came back from a 22-day cruise and will be making more travels soon. I've been working with my financial planner and researching online for my retirement plan. I'm 💯 satisfied with my decision.
Wonderful, enjoy!
Time is our greatest asset.
It's our only asset
Good thoughts for people who have a lot of friends and family they have strong relationships with. For those who do not, the lack of work creates a hole in social outlet and belonging which has a detrimental impact on one’s mental health and self esteem.
I totally understand what you say. I'm 56 and can retire comfortably but what am I going to do with all this time? my parents are gone and I don't have a big friend pool especially since I've been teleworking since COVID.
Sad 😢
@@royharper2003 Volunteer or travel? Fall in love; adopt animals or children; build a "grand designs" house. I could come up with so many things to do if i were you.....😂❤
Get hobbies, learn new skills, go out and meet new people, there is more to life than work, I've been retired 4 years now, don't miss work at all, time flys
I agree. That’s exactly why I am reluctant to retire. It’s true, hardly anyone will regret at death bed not having worked more hours, yet it needs a substitute that provides sense and purpose. The real sad thing is, that we don’t have this other purpose 😢 Pursuing some hobbies is nice, and it might be fulfilling for some time. But I‘d say latest after the first year, if no adequate substitute is found, it becomes a real issue. Also, if your partner can’t afford to retire early, then that’s another challenge.
I am 55, and have 2 fully paid houses, one rented out. I probably can survive just on that rental, but I am still working because I like my work and my colleagues are nice people. I did think of retiring and tried taking long leave...but then I got really bored during those days. Doing absolutely nothing makes me feel like I'm just 'waiting' to die. I've travelled the world (over 30 countries) in my youth, and have tried almost everything that I have wanted to try. There really is nothing more to do. Sometimes I just take the bus that leads to nowhere, alight and just walk and if there is anything nice to try or eat I just do it. Retirement is good if you have some friends of your age that retires with you. But many of my friends cannot afford to retire, so I just join them...to work.
I'm 59 and although I may retire very soon...I will because there are more important things I can do that help others. I've watched neighbors who worked 9-5 and retired. Wow! Within 6 months I've seen their physical decline. They piddle around but they don't do enough. I suggested they volunteer or work part time but now in less then a year she has major health issues 😢 Keep moving folks 👍🙏🤍
@@lisalee2885 Yes, whether you have money or not, don't stop working totally. Keep working.
There are so many things to do besides work. Don’t limit yourself to work. Travel, read, watch a movie you’ve never seen. Do anything but work.
I'm not retiring yet.. 58 and can't afford to but I've never understood the "I'm bored if I don't work" mentality??? I truly feel sorry for those that have to work to find purpose in life!
@@ChrisWood777 If I don't work, I'll just be sleeping the whole day. I've done it several times and it reaches a point where I cannot even sleep at night! Had to find something to do.
Retired this year at 46. Best decision I've ever made.
Obviously money is not an object for you. Health costs ? Income ? SSD ? You don’t just pick an age and retire out of the blue. None of our business, but obviously you’re being funded.
@Bob-xt2on I wouldn't go as far as to say money is no object. I've been working 31 years, including medically retiring from the military. I invested my sheckles for years and live off of the interest. It's not easy and I paid a heavy price but I can do what I want now and have no master.
@@Bob-xt2on my Dad retired at 47 as a Sgt Major, with 29 years...did a couple side hustles briefly at first...but for the most part...he's been 'doing his thing'...he's 87 now. My parents have always lived frugally and have 'seen the world' despite their modest retirement income. Disciplined....unlike me and my wife.
Nicely done! Being extremely careful w money and investments, I managed to retire even younger. We both dun real good!!
The most be rich!!
Great video…I Just retired Wednesday. Im 59 and I still do part time work to help pay for healthcare without dipping into nest egg. 6 months on Cape Cod , 6 months in S FLA. RETIRE EARLY and enjoy the fruits of your labor before it’s too late and stay healthy!
Thank you Olga. I'm about to be 62 and just filed for Social Security.. I'm selling my house and moving out of Florida. If I stay here, I will never have peace. I have too many "Friends" that take up a lot of my time fixing their issues and problems. I never have time to myself. Your video opened my eyes and helped me decide that it's time to travel and visit my family in Texas and Colorado...it's time to Retire now.
Amazing but understandable reason to ditch Florida. I've seen so many unprepared to manage their affairs. They were lucky to have you but you don't need that responsibility! Enjoy next chapters.
Your comment reminds me of a woman I used to work with. She had a lot of vacation time saved, so she started taking off work every Wednesday. That way, every workday was either a Monday or Friday for her. It was either the first day of the week, coming in rested, or the last day before break. She didn’t tell anyone she was off on Wednesdays, because they would have commandeered her day off.
Retired at 55 years of age. I've filled the time with hobbies, family, friends. Zero debts, an excellent vehicle, nice house, some investments means zero worries about money. In fact, my financial situation allows me a certain degree of generosity (specially with family but also complete strangers). That has become one of the great joys that I did not anticipate at all when I retired.
I plan to work for as long as I can. It keeps me healthy and engaged. It is important for me to be an active participant in society. I hope to pull off a Linus Pauling and work until I am in my 90's.
I am surrounded by retirees here in FL. They walk around searching out poor innocent folks to yap yap yap about when they were younger and working. They never stop yapping. Retirement isnt what people think it is. And- the retirees my age look like hell. I may never retire. How much time off do people really need ? I love my work, which of course is the key to happiness & the real American dream.
@@matt75hooper I agree Matt. I live in Florida also. I retired from the military after 25 years and went right to work full-time. I did not even take time off. It keeps us mentally and physically healthy. Everything you said is true.
Be mindful that when you retire you may want to help your adult children with childcare. Here in the UK professional childcare is so expensive that its cheaper to go on benefits and get the government to pay. My children don't want to go down that route thankfully so my husband and I cover the grandchildren in school holidays, collect from school etc.
This began with enthusiasm but we get exhausted now, five years of doing this. It's great to be able to help and we are good at it and obviously we love them and we know we're providing a firm foundation in their important early years.
But it's stressful, keeping them safe alone! We're 71 and 75 years old and it's beginning to tell on our health.
I've always thought it odd that people work hard to retire but the one thing most never do is look at the currency they were working for.
only a small portion of the population can live 90 years.
My instinct told me 67.5 was the pull-the-plug year because I've been on my own most of my life and needed to feel financially secure. Sold the house that was too big for me and returned to school in a subject that I enjoy and will finish in a year at 70. I'll be working for another year or two but not the driven way I was working and without the need to sell my services for the highest bidder. My fitness declined during the transition, and I hired a trainer to work with me each week to build myself back up. (Main areas: Strength and balance with an eye to losing that winter weight also) Good luck to all! Social security will be claimed later this year.
Thought I was very healthy until I just had major heart attack at age 58. Needed triple bypass. Now I want to retire asap. Even though I wanted to make it to age 62. Needed to to meet my plan. But will make it work and get out soon
My hubby dropped dead at 58. Widow-maker heart attack. I retired 18 months later at 58. Traveled a bit, moved out of state, then moved to Maui after that, then COVID hit. I started a consulting business to entertain myself during COVID. And now I'm working again but only to fund my "real" retirement and move to Europe in 2 years. :-) All this just to say, my entire world view changed after he dropped dead on the Friday before Christmas, 2016. Live for today!!!
Wow you had and still have a great life. That’s because you are highly skilled and have so many options. That is great !
Had a triple at age 58 too! Retired at 60 and have never looked back. I call my surgery day my new birthday lol.
"Dost thou love life? Then do not squander time, for that is the stuff life is made of." - Benjamin Franklin
You only live once, enjoy life while you can.
YES!
I’ve listed my pluses and minuses. I’m a fit and healthy 61 year old, I love my job and have recently reduced my hours to one day a week, this works really well and keeps my brain busy.
You don't need work to keep your brain active, get some hobbys, read, learn about new things, use a computer, don't waste time working, even part time, if you can afford it
@@glenmason1876 I read regularly and I’m learning French as well 👍
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
This is true. I'm in my mid 40's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I found out I didn’t need $1m to retire, my advice is to retire Asap,. It depends on your expenses . I left the workforce at 62+.
Yes, expenses is where you need to pay attention!
Here was my retirement goal. To make as much money as I can from my investments. And I made a lot of money and retired at 65. I had no set money amount. Financial planners try to talk goals to confuse you and sell you their products that make Them Money From YOU. Especially Annuities. Huge Commissions for them. Beware. The retirement financial industry is Lying to YOU.
Being vigilant and interviewing great financial advisors is important for sure! Glad you're all set and are enjoying your golden years!
@@lifesabeach5405 The only person that really cares about their money is the person with money. Financial advisors and planners want to make money from other people's money. And if the advice they give you loses You money. They do not care because it is not Their money.
Annuities, life assurance and some mortgages are the greatest scams pushed by the financial services industry.
@@danklein8587 Very true, there's a built in co flct of interest.
YEP! Found that out the hard way! I would never ever ever go with a financial planner. Closed out my parents account and they took the remainder just over $500, plus hits everytime you take it out plus they drill you why you want to each time you need to like you are taking money out of their pocket and food out of their mouth. No way again. No thanks. It's a racket. My parents never seemed to get ahead by much. Pretty awful. Don't do it! If you want to, take a class and invest in something that pays you dividends directly without a major corporation as the middleman with their greedy hand out! Otherwise, use multiple banks and put funds in such as, CD's ! Why in the world pay someone else to control your money when you can do the same thing when you know more about it and you don't need to know much. That's a fact. You make pennies on your money when financial planners make dollars. Forget that bs.
Eventually, EVERYONE will loose their good health. [When] you will lose your good health is the big question. Take care of your health people!
And if one got Covid vaccinations, the chance of having good health becomes smaller..
Best advice of all🎉
I don't know a single person here in the United States, where I live, that has enough money to retire on. Not one. I think that dream ship has sailed for the vast majority of Americans.
You have to leave the country and stretch your dollars elsewhere. It can be done😊
@@jenniferjemison636 You`re absolutely correct. In fact, I`d already be overseas now but I have an elderly parent that needs me here so that`s that for me. But I do highly recommend that ALL Americans seeking a better retirement look overseas.
@@beverly9People don't realize that when you retire you actually are spending less than when you are on the job. You don't need too many new clothes and all those other expenses that go with having a job. I also am able to adjust the way I eat at home by using one chicken to cook three meals. 😊. I use the breasts to cut in strips for a lovely stir fry with vegetables. The legs and thigh are baked with roasted veggies and the wings and the back bone makes a nice vegetable soup. My husband and I don't eat the way we used to because we are trying to maintain our health. We have one older car that is very well maintained. We cut down on long distance travel but uses busses for longer journey. We also grow some of our food and have to give away because they are seasonal and in abundance. I've actually saved more by eating out maybe once ever three months. I must confess that I prefer my own cooking. The quality of the food today is very poor.😢.
So I don't follow what the retirement gurus are saying. Paying off your mortgage is a must, I think, to give you that flexibility. Lastly, I'm only on one medication for my blood pressure and do my best to sleep well and enjoy my garden. In addition I am living where my dollar stretches the most and am very happy
It can be done. Make the adjustment❤
Not true at ALL!!!
what a joke of a comment, like you've spoken to every single person in the US to understand their retirement eligibility. If you had talked to me I would have told you I can retire at 57,.
This is something I really needed to hear as my health started to decline.
I am glad you found the information useful. Take care of yourself!
I like customer service work at the airport. Ok $ with lots of walking talking and feel energized.
@@susanjohnson4728 Great option and even better that you like it!
As I grew up my parents house gained a lot of value. "This will all be yours one day" my mum used to say.
So in the back of my mind I always felt I had her property proceeds to look forward to, later in my life. Big mistake. Now mum is 97 and in residential care. Her money is dwindling to nothing because the costs are so high.
I and she, would have loved to have been able to pay off some of my son and daughter's mortgages with that money but it's not gonna happen now!
7 more years I'm retiring at 62 years old, pray we have country...
Sorry to burst your bubble, but our country will become a 3rd world hellhole .
Agreed…. The orange Jesus dictator wants to take our democracy away so he can be like the dictators he idolizes…
counted the days for 5 years for 62 to come...then it came this March...and because we barely have a country...I turned down a nice little buyout and will no go year-to-year til 'the world' improves. It's starting to....so maybe 12/31/24 is it for me.
@@lazvt8469 I saw the writing on the wall in 2021…. Sold everything by summer 2022…. No regrets…. 2025 should be interesting for markets. I expect another blow off top before the real recession hits…. Best of luck selling at the top🤑
Mine was 12/31/23. Not worth the effort fighting the rat race,
What if you like what you’re doing? The people you meet everyday? The breaks every 2 hours and regular walking/moving? The machine that I’m building, I feel like playing Lego’s, not working.
One more year (67) to go, then I’ve to Stop! 😅
I've been saying that too. I keep moving and going and have been saying I'm gonna retire for the last 2 years 😂 watched my neighbors retire and within a year one has poor health and you can see their decline. I want to keep moving and walking around the block everyday isn't enough 😂
Great video and good advice. When I hit 55 I started feeling old. I mean up to that point I had loads of energy. Thus something is telling me its time to slow down and start thinking about retiring and not working so hard.. So I will retire next year when I am 60. Regarding the money: enough is never enough; I mean you build up that pension pot and no matter how big it gets its never enough! A tip here: look at your life now and think can I continue to live the same when I retire? I mean in terms of money.If you live a fairly simple and lets say frugal life where you don't feel the need to consume like buying expensive things, having the best/latest, flying business/first class, etc, then the answer is yes. When you retire the way you live won't change! So you think about retiring as soon as possible.
Exactly! Adjust your expenses to live on your new budget. It might require some hard decisions, but you get your time and freedom back. For me, that’s a very easy decision! I’m done in 3 months.
What are you people doing for health insurance if you're retiring at 62 yrs old,I would appreciate your input.
Are you guys all American? Retiring around 60, 62?
Here in the UK you can only claim state pension at 66. I'm 69 now, retired 3 years. It's Heaven. Well it would be Heaven but we chose the selfless route by helping our adult children with childcare. In England the cost of daycare is impossibly high and not always of good quality. We believe that no one is better than us to give love and care for our grandchildren who we think are all the better for this firm but loving consistent foundation in their early years.
Those last few years of employment were a struggle (have to say, caring for grandchildren is exhausting but without the pressure!)
Soon our government intends to increase state pension age to 70. We fear for the future for our children and grandchildren.
My friend is a grandma and helping with daycare for 2 small ones....she is exhausted by the daily grind. Ofcourse loves them to pieces...she will be happy when the oldest can go to preschool...they do need other kids to socialize and learn. God bless you ❤
@@lisalee2885 Yes they need other kids, you're right! One of our tasks is attending play dates and organising returns 🙈
Things are easing up for us now --- your friend sounds as though she's doing a great job. It is rewarding but the hardest job ever!!
Just waiting to reach age 55 to retire with 33 years of service. I will have earned it. Time to spend time with the grands
Sounds wonderful!
I retired at 42…. No regrets…. Currently cruising the Caribbean, full time on my sailboat….
Time cannot be wasted. You have as much or as little as you need.
Going to be 56 in a few months, health is good, parents are alive and aged 82 and 90. Original plan was to retire at 60 so as to have 'enough' $ In the last year I have lost ALL interest in work, and now I am considering retiring in 6 months. Plan would be to sell current home and purchase a smaller one and use the $ from the sale to finance the next 8-10 years until government benefits kick-in.
Great comments and please let me give you an unsolicited point of view. I am at my sister's house, settling her estate. She passed away from natural causes, one month ago, while at work, at the age of 53. She had plans of downsizing and moving to a community closer to work, where the commute was 15 minutes versus over an hour. Obviously my poor sister did not execute her plan in time. Would she still be alive if she turned the corner and followed thru with her plan? We will never know. I can't help but think that her state of mind and level of stress would have been in a much better place, if she had moved forward on that gut instinct. Best of wishes to you and your decision.
Hi-I'm the same age as you and also have lost all interest in work-Both my parents died over 10 years ago from cancer-ages 69 and 72. I was gonna do another 7 years but now I'm thinking the same thing as you...I may need to do a solid 2 more years and stack money away in my 401k and investments and then call it a day. I've been working over 40 years and I'm just done.
@@dawkrb Sorry to hear about your parents passing away so young :(
We are the same age. I am a teacher. I feel the same as you about work. My parents are alive but younger than yours. I have already downsized but I am too scared to retire and spend my savings until I can get an aged pension in Australia at 67... because I doubt there will be one.
@@filamphibian2980 I'm so sorry for your loss. Thanks for sharing, and take care of yourself.
I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.
In my opinion, IRA is a valuable strategy for retirement planning, providing growth and tax advantages. While the market is promising, expert guidance is essential for portfolio management.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Unfortunately ppl have different paths and economic conditions. Some times ppl cant even afford to retire
💯 🎯
Our goal is to retire at the age of 50, and we save and invest like there's no tomorrow. Thanks for the video.
Fantastic! Do you have any specific tips? I am happy to encorporate them in my future videos 👍
@@Olga_StPierre there are three important things that we always practice in our family. 1st, we always find way to increase our income by 10% each year to keeping up with the inflation. 2nd, we stop buying things that we don't need, for instance; we only buy clothes during necessary occasions, and those clothes have to be on sale. 3rd, we only spend 30% of our income on our foods, utilities, property tax, and health insurance, etc. The remaining we invest it in the broad market index funds.
@@Emilyleestrongawesome! My position is just the opposite. We spent like no man’s business when we were young. Upsized when I was planning to retire against my wishes of course! We spend all money earned so I have to keep working till I drop.
I don't know how people afford health insurance before 65. I can get COBRA for $1,113 a month, which is insane.
I'm on Cobra, paying 712$ a month,and that includes dental and optic. Feel it's pretty reasonable..
I'm on ACA live very frugal and the cost is $100 a month.
@@reneesoli5345 Guess I need to find a broker? I have no idea how to start.
@@jonathanjacques7250 yeah, that's better than what I was quoted.
I worked 30 yrs for a Public Health agency and when I retired at 60 I had enough time vested so that my and my spouses health insurance was fully covered until I switch to Medicare at 65. Most people don't get this. New employees dont get this coverage anymore.
Healthcare insurance and money are our biggest concerns. Remember, if you’re taking social security, you can only make so much money outside of social security money. I wanted to work until we could get Medicare which is age 65. Sure, it’s nice to think about these things you mention but, there is more to consider.
I agree and why not enjoy your family and friends while steel working, i think it s better to consider slow down at work. We have more free time because kids have their live out of the nest. Depend on what king of job you have, but if you enjoy what you do don’t stop. You have money to travel, make gifts etc… be retire is 100% free time and you need money for this
If you have health and enough money, and just in your golden years, then you have no reasons not enjoying life 😊
What a nice video, Olga. First video I watch on your channel. Thank you!
You provided some excellent information 🤗🌟 I'm getting older and listening to good advice. I'll continue my passion of writing and inspiring as long as I can 📚
Retire earlier and spend on spiritual growth and volunteer works is also a great idea.
You speak so eloquently and have all my attention, wonderful counselling and advice!
Thanks Olga. I like it that you consider happiness and non monetary goals. My financial planner seems to be too focused on money. And we have been too focused on that. Time with family and friends is more important
Agree Stan!
In 2121 the average life expectancy in the USA was not 90 years but 76.33 years and despite adjusting for COVID the overall trend is that it is declining.
Thanks for this - you inspired me to make a decision about something!
Great retirement video. Time, health and money. I like the suggestion of getting a part time job doing something interesting. For some, if they can afford it, a job at a museum is inspirational. Thanks.
How very true this vlog is. I retired last year aged 55 due to ill health. Making the most of what time I may have left but financially pleased that I can survive in the interim, while still being able to leave something tangible for my kids and fantastic partner. I go with my body nowadays as my brain is over active still.
Im 49 Soon to be 50 yr. Old Suddenly Turning my cycle in mind recognize that im not younger anymore) and there is this instinct that prefer for retired as im overseas asian workers abroad) from southeast asia Im Single But helping alots of my folks and relatives, Thank You very much for more insightful to me) Now I had more Idea when to pull that Triggered. I thanks all other videos i had watch before I will retire to my Home country in beautiful Southeast Asia island
so true , good commentary
Really enjoyed your presentation. Thank you!
Excellent video! Thank you for posting!
So sorry for your loss. Thanks for the video
Thank you so much!
Hello Olga
Thank you so much for such good suggestions
Much appreciated
Julie ( from Australia) 😂
Wow this was really good info - I could relate to the entire video especially "trust your gut".
Thanks! Glad you liked it. More great stuff coming!
I retired 3 years ago. Traveling all over the world, places i love to visit , the people i made acquaintance and keep exploring the world. Cannot do it while working full time. Work is stressful and lock you in the daily routine you don't want to be. Paris, London, Florence Italy, Belgium, Berlin, Spain, Portugal and Japan and more to explore.....
Absolutely fantastic information.. I am 60 years old and I am having serious doubts about retirement. The USA is just getting so dam expensive and I feel like I am going to definitely have to get out of here…. I will be following you and trying to absorb as much as possible… Thanks for sharing your knowledge…
Thank you!
All of this advice is great. I am starting to think in these terms as far as time and health are concerned and reevaluating.
Something has been telling me it's time to rethink what my priorities should be , and I think it's for a reason.
I am glad that this video is helping you get more clarity for what you need to do.
I retired 22 years ago at 45. I don't think people really understand what retirement is. Different people find different paths. I had no idea what my retirement was going to be. Still don't. I never had a huge pile of money. My retirement plan was to have enough for 1 or 2 years and then tune hobbies into cash. If a hobby starts to become boring or difficult I shut it down.
Mostly I funded my retirement slow flipping my houses. Working on house #4 now. Planning to sell next year and moving to SE Asia.
would love to talk more about this. I am also an investor, and truly believe in growing wealth and planning for retirement through real estate. Please email me at homeswitholga@kw.com.
90??? You need to back that down to 80 - 85 years. 75% of people don't make it to 90 years. I do agree with you to retire as soon as you can, for all the reasons you gave.
Good point, thank you!
If you’re one of the 25% and relying on investments running out of money sucks! Especially relevant for women.
Be careful with those statistics.
A lot of those 75% who don’t make it to 90 were already dead by 60. So if you’ve made it to retirement age, longevity expectations can be greater than you’d expect.
@@albedo0point39😮
@@albedo0point39 Li fe ex p has gone way down for obvious reasons in last several years. And having serious aliments or mobility issues does cut down on options.
Also mental health great video thanks
Olga, that was helpful. Thank you!
my pleasure!
I will die at work ❤ amen 🙏🏼
How do people retire before Medicare benefits eligibility?
Healthcare benefits keep people from retiring earlier!
I like this vid. Good insight and some good tips. It makes sense to have a good idea of your retirement expenses.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
I hear you! Focus on priorities is important.
Thank you for chimning in! Start with the foundation, the budget, and work from there. Having a visual guide to start with is always helpful. Write down your concerns and focus on what you can control. You got this!
Excellent video and perspective.
Thank you very much Tyrone!
Thank you so much.
I work in healthcare and I see so many people that had things happen that turned their life upside down. And I have experienced it as well. In 2019 I fell and broke both ankles. It changed my working life as well as my attitude towards my work life. Instead of working till I die, I now want to retire as soon as possible. I will be 65 in 4 years and can get medicare, and it's the ONLY reason I am going to wait that long to quit working full time. Now if there was an affordable option at 62, I would do it then, but if I continue to work part time, it's unaffordable.
What about Affordable Care Act with subsidies?
I retired at 54 as a first responder. Best decision I have ever made
Thank you for sharing. Life happens and we change perspectives.
@@debchalker6900 Subsidies aren’t for people who worked their whole lives, it’s only for those who didn’t want to work.
How many Springs , Summers , Falls and Winters are left ?
That’s my gauge.
Exactly, that's another great visual to keep track!
I love the message - but don't agree with the commonly held assertion that you run out of health. If you eat the standard american diet, you'll have reason to make sure you have the best health insurance. If you cut out sugar, seed oils, processed food, etc, and maintain resistance workouts, there is no reason for a decline.
I 1000% agree with you. What you put into your body matters so much. Food is fuel and medicine. Unfortunately, most people don't take the time to work on this part, and it's so important.
Thanks Olga, nice video and recommendations 🙂
Much appreciated!
Health is wealth. Keep moving, especially if you are 60+. If you’re sedentary, your health deteriorates. Seniors need to focus on health.
100%!!!!
Really looking forward next year so I can receive the lowest pension in Europe.
Retirement age is going up to 71 in the uk....manual workers will be hobbling to the job centre on their zimmer frames.