Retiring at 65 is a HUGE Mistake. Retirement Expert Explains​ Why

[@elaineen1]

Great advice. We enjoyed 16 years of retirement. I retired at 58 my wife at 56. We traveled and took cruises. After 50 years of marriage she died and now I have cancer. Enjoy life, it may not last long.

[@rmh691]

How would you suggest that I enjoy life by retiring with no income? Even if I wait till I’m 62 I’m only gonna get $1900 a month. How will I live on that and travel as you have?

[@lightworker4512]

@@rmh691you travel using google Earth as its free.

[@rfphill]

​@rmh69. fair point..

[@patfromamboy]

I retired at 56 6 years ago and many of my coworkers previously retired at 48 because our retirement system was different and they could retire after 30 years. I had to be 55 and I was penalized for early retirement because I retired before 62. We had people dying from cancer and strokes among other diseases so I thought I’d never regret retiring at 56. My brother is 65 and still working and he was the smart one who my parents sent to the University of Washington. He lives in Austria and works at the Indonesian embassy which doesn’t have a pension. Most other jobs in Austria have pensions so he made a bad choice. I have a pension, 401k and Social Security so I almost feel guilty. Good luck

[@TonyTone1]

Sorry, You’re a perfect example why people shouldn’t wait till 65 years old to retire. At 65 in most case, your body and health is declining. A good age is 62 or 56 if possible, like friend who retired at that age, the Social Security system force us to retire at 67 due to highest social security payments and savings

[@Rogerederer-b2r]

Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit.

[@KingRoh-t8h]

Great analogy! Climbing toward retirement takes effort, but the financial freedom at the top is worth it.

[@WilliamsF-e8r]

Great point, With my adviser’s help, I’ve climbed the financial ladder, making informed decisions that support my retirement goals.

[@Morgangreen-b1l]

Great insight! I'd love to meet a financial adviser who can help me climb the financial ladder effectively.

[@WilliamsF-e8r]

My CFA Sonya Lee Mitchell a renowned figure in her line of work. I recommend researching her credentials further.

[@Morgangreen-b1l]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@Judy-c3d]

I retired at 62. Never been happier. More frugal and loving it.

[@arethalee428]

Sounds good to me 🎉❤

[@renscience]

67 now. Retired at 60. I sabotaged my career many times in lieu of keeping up my health all my life. At 4:00 pm I went to the gym all my working career regardless what my employer wanted. I am infinitely more important than my stupid career!

[@Earthtime3978]

@@REL602True. The last day I ever worked was at age 57. Got on SSDI. It’s no great shakes. Yes I’m free from the mental abuse but alone and poor af.

[@plica06]

If you sabotaged your career how could you afford to retire at 60?

[@BlackOlivesMatterToo-iu1tm]

@renscience, You sabotaged your career many times in keeping your health or just being lazy? Do you know the longer you wait to retired you get more money and you can still keep your health.

[@BlackOlivesMatterToo-iu1tm]

@@plica06 Most likely he can't afford to live, he goes to Dollar Tree to buy his box of macaroni and cheese and toilet paper.

[@razorsharplifestyle101hard9]

Do you regret that you didnt retire in your 50s?

[@Greggsberdard]

Retiring at 62 may be challenging for someone without a 401(k),, pension, or significant savings, even if they're earning a high income in their later working years. By retiring early, they risk leaving substantial earnings behind for a relatively small Social Security benefit.

[@crystalcassandra5597]

I've been paying into SS for over 40 years, and I'm not waiting any longer to take it. I'm going to claim it early. Now, I'm focused on investing in myself and putting money into the stock market. Over time, I've learned that building real wealth comes from smart investments and having a financial advisor.

[@BateserJoanne]

That's true. I've been assisted by a financial advisor for almost a year now. I started with less than $200K, and I'm just $19,000 short of half a million in profit.

[@grego6278]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@bobravenscraft5376]

TAKE A LOOK AHEAD BOSTON

[@RichFu-o2m]

I retired at 39 in 2003 so I belong to the top 1%.

[@leolo2222]

I worked a high pressure job with a lot of stress. I slept maybe 4 uninterrupted hours each night unless I self medicated. I had heart palpitations during the day and realized at 52 I felt like a stroke or heart attack were around the corner. I retired 6 years ago at 52 and finally got a full night sleep. Yep, we changed the way we live, but shedding all that stress was worth it.

[@tonyclaridge2]

I would have led with what you stated here 👍 since I stopped work at 52 - I'm getting better sleep patterns, lifestyle changes mean I'm happier and no more stress. Playing tennis at least 3 times a week is something I would never have been able to do 10 years ago. Congratulations in recognising your health comes first 👏

[@stackedhippiechick]

Stress is a killer along with dehydration.

[@MarcIverson]

That's how I feel and often live now. Congratulations on being able to do something so phenomenal as retire 10 or 15 years earlier. Few of us can do it, but I still cheer for those who do.

[@Jerry-vx2kj]

Agree!

[@Joegolberg1]

I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.

[@Justinfred11]

You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner

[@PaulStephenRudd-u7b]

Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward time I'm 57 now not laid off

[@Joegolberg1]

This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?

[@Justinfred11]

GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.

[@Joegolberg1]

I just Googled his name and his website came up right away. It looks interesting so far. I sent him an email and i hope he responds soon.

[@Joeknowsball247]

I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $250k per year but nothing to show for it yet.

[@williamJohnsonq8f]

Money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider financial advisory

[@camille_ann3]

Agreed, I'm quite lucky exposed to finance at early age, started full time job at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted an advisor. As of today, I'm barely 10% short of $1m after 100s of thousands invested.

[@AaronTilt]

I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?

[@camille_ann3]

The advisor am currently working with is Judith Lynn Staufer. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.

[@Arnold-ic9jg]

Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.

[@tomlewis4345]

I retired at 63 and 4 months. I had my first heart attack at 62. My wife was diagnosed with cancer 2 months after I retired. Wiped out our retirement savings but she is 14 years cancer free.

[@tomlewis4345]

@@wingman6040 yup in the state of New Mexico. Never been in Canada but did live in Indiana for almost 32 years couldn’t do the snow anymore so we moved to the desert southwest.

[@tomlewis4345]

@@fml5910 I have seen things happen like that far too often.

[@sharondalynnewton7562]

@@wingman6040pretty much!

[@motorcitymadman146]

Its a shitty world

[@Despond]

Disgusting how the government makes you pay so much taxes for lazy people and shotty legislation but when someone has a serious illness they basically have to use all their lifetimes savings. I am happy she is cancer free.

[@texputter7928]

Well said, sir! I retired shortly before I turned 52, 19 years ago, and never looked back. Living healthy and stress free is worth more than all the riches in the world, in my opinion.

[@jumpstar9000]

Quite right!!

[@mdqmd]

I retired at 60. I call it self preservatiion. I enjoy my freedom.

[@peterhobbs4780]

Absolutely agree. All the wealth means nothing without good health.

[@lenilim8851]

So true!!

[@carlandre8610]

@texputter7928 Doubt you really retired you must have been working at something even if part time. 52 is way to young to retire

[@Peterl4290]

My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@larrypaul-cw9nk]

I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.

[@Mrshuster]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@Mrshuster]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@Mrshuster]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...

[@sabastinenoah]

Mind if I ask you to recommend this particular coach you using their service?

[@ginatayl]

Retired at 62. No stress, no schedules, no alarm clocks! It's amazing!!

[@RobertTorontoYYZ]

I'm laughing because I am 61 and took a job at a golf course, for something outdoors to do. My alarm is set for 5am. For now, I enjoy the social interaction and work replacement but if it gets too much I will quit.

[@joanneputra2932]

Me too! 3 weeks ago! Love it! 😊

[@alicepopovski3643]

Exactly , best decision ever.

[@steventhomas9355]

What do you do for Insurance?

[@michellebilodeau3882]

Agreed😊

[@WilliamFluery]

I took voluntary early retirement in 2018 at 57. I moved in to take care of my Alzheimer’s ridden mother. January 2022, I was disgusted with my health. I was obese and on 7 medications. I had been watching months of how to improve my health and decide to jump in with both feet. I went with a Keto diet and I started walking 3 miles every other day. Three days into it I stopped a 20 year prescription of an acid reflux drug. Three weeks into it, I was eating one meal a day (2,000 calories of Meat, vegetables and fat.) After 1 month I was up to 8 miles every other day. June 2022, I had the best blood test results ever. October 2022, I was off all medications and had lost 60 lbs. Two years, 6 moths later, I still eat the same diet and walk 10 miles every other day. I will be adding Sprinting and weight resistant training in the coming weeks. Who knows what I face from 60 years of a horrible diet but going forward, I will eat to live instead of living to eat.

[@kimdavis5403]

That is tremendous progress!!! 🙌

[@WilliamFluery]

@@kimdavis5403 Thank you, Kim

[@markeh1971]

I’m like you but they gave me Tirzepatide and it’s working for me. Weight loss ongoing and hoping it helps. Take care M.

[@jameskelleher993]

You should be very proud of yourself . Energy flows where focus goes and there is nothing more important than your health .

[@AndyPat239]

Good on you!

[@michaeltrent2726]

As a Correctional Officer life expectancy is 62. Im 61 so in effect im at the end of the road. Im retiring in May and living on my state pension and getting SS at 63. Also I'm moving to the Philippines where i already have a home and car

[@EYN62]

Good for you! I worked in a State Prison for 5 years. The toll of working OT due to being short handed, the lying and backbiting of staff members, the obvious corruption that happens is surely creating stress and bad health for CO’s, and almost anyone that works in a Prison system. I worked under an Asst. Superintendent that was so uncaring, he came right out and said “only 18 months and I’m out of here”. He cared so little about situations inside the fence it was frightening for staff. And, if an Incident Report or 10 (!) was written and sent upstate to be reviewed, it would be intercepted by his significant other in the same office. I’m happy you are getting out, take care of yourself, don’t share too much at work about retiring, and stay healthy so you will be able to enjoy your retirement in the Philippines! 😊

[@ihadtosayit10]

My husband retired at 65 and died at 68. So this video hit home. I am 11 years younger and have not worked since his passing. I will now get a Social Security Widows pension starting in October. In addition I have two small pensions and a healthy IRA account and outside savings. I also can not earn more than $22,500 without having to give back some of the of the SS pension. So, I am retired. I don't plan on drawing down on my IRA until the cost of living increases beyond my current fixed income. My husband put most of this in place for us, and I am so grateful to him.

[@SadDadBadHad]

I’m sorry for your loss, but his care for you is beautiful. You must have had an admirable marriage.

[@parkerbohnn]

I make more than that a week and I only worked to age 35.

[@sparkykitty6870]

Sorry for your loss.

[@jerrypedrick6206]

@@parkerbohnnyour great

[@parkerbohnn]

@@jerrypedrick6206 My health actually gave out but I never needed to work in the first place as some of my relatives are in the Canadian Who's Who.

[@darnellcapriccioso]

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.

[@richardhudson1243]

The increasing prices have impacted my plan to retire at 65 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.

[@ChadRoberts-x6i]

More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to

[@maiadazz]

@@ChadRoberts-x6i talking about coaching, do u consider anyone worthy for recommendations? thanks.

[@EmilyMoore-n7n]

I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@Redtinker03]

I retired at 65. Big mistake! I wish I have retired 20 years earlier. I learned two things after my retirement: 1,- When you busy working for a living, you really don’t have time to create wealth. 2,- When you are in that rat race (working), even if you win you are still a rat. I’m 74 years old now. I only learned how to invest after I retired and in the last 9 years of investing, I have made more than almost 40 years of working. Granted, you just have to start by working to build your investment fund. In another word, after working for money, you just have to make it work for you.

[@tahirisaid2693]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@Lemariecooper]

Agreed, having a good financial advisor is invaluable, my portfolio is well-matched for every season of the market and has just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

[@KentBrono]

mind sharing info of this person guiding you please? truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor

[@Lemariecooper]

Her name is. 'NICOLE ANASTASIA PLUMLEE’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@KentBrono]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@lillis887]

@@tahirisaid2693 I’m following Dave Ramsey’s baby steps all the way!!❤️Please check out Ramsey solutions and hook up with one of his trusted advisors!🙏🙏❤️

[@sharedsailing4787]

My father was a hard working engineer and was going to retire early at 62. He got cancer at 59 and didn't make it to 60. He never got the chance to enjoy the fruits of his labor. You never know. Enjoy life while you can.

[@PeterReefman]

Exactly the same for my mum, back in 2008. Now I'm 54, and that is very very much on my own mind.

[@rocketjb57]

Absolutely correct

[@billykay4472]

Go for it while you can!

[@RD-ij2sz]

What if you live longer? Which is more possible that early cancer death. Then will you be spending life of misery with out sufficient retirement corpus? I think everyone has to find a right balance between the two ie keeping too much for retirement by sacrificing today s life pleasures and enjoy today who has seen tomorrow attitudes.

[@thirstingknowledge]

I absolutely agree.

[@bcarroll7317]

Financially, I’m set for life. So long as I die by Tuesday.

[@leannesampson3199]

😂😅😊

[@loganpadayachee6048]

Lol😂

[@christhomas5761]

Now that`s funny , lol

[@wandalynch1780]

😂😂😂

[@jamescalifornia2964]

🏆 Best Post Award 🎉

[@garybeaudin9738]

My sister waited until 67 to retire to get more on social security; she was in perfect health, but died less than two years later when she had no health issues. I retired at 52 with less money than we wanted to have in our 401k, but thought we could make it. Still had a house payment and still do today, but 21 years after retiring, we are doing very well and never regret retiring early.

[@AuthorCAL]

Just "retired." What do I live on? 33% SS widow's benefits; 33% investments; and, 33% PT work. ALWAYS invest in your marriage. It's easy to cut and run, but also very costly in many ways! My late husband and I dated and wooed each other throughout our marriage. When we had rough patches (every marriage does!), we worked on it, and kept our lines of communication open. We worked through things and made it to our late 50s with a HEALTHY and HAPPY marriage before his death in 2021. Don't take time for granted. He saved his entire life and never saw retirement. Nothing is guaranteed. Live now and live well!

[@geebeeinga]

Great advice. Many young folks just give up in their marriages when it gets tough. Working through these times, persevering and overcoming strengthen a marriage. Best investment of my life.

[@moorevideo77]

I just retired at 62 and thought of an old buddy I used to work with, so I tried to contact him. I was totally shocked and hurt to find out he passed away in 2021... I assume from covid, but I don't know. I'm still trying to come to terms with it. I message or call our mutual co-workers, and no one knew he passed! He was an incredibly bright creative one-of-a-kind gifted person. I can only hope his family is ok and he had his affairs in order, but passing at age 59, that is sadly not always the case.

[@lillis887]

Why I’m out at 62!!! Health and life is not promised!! As a 58yr old RN half of my pts are younger than me. 🤔 Watched multiple coworkers RN’s pass from CA and strokes!!🤔🤔At 62 I’m OUT!!❤I’m taking whatever benefits I can get as early as I can!! 😢🙏🎉

[@juliuserving7841]

I'm 58 years old too, an RN lots of stress. Me machinist stress too standing on ur feet put up with management ugh good luck in retirement!!

[@mariolibertad9972]

Injections

[@talulatree5297]

I'll be 53 next week. The countdown is on!!

[@sparkykitty6870]

Hope your home is paid for! Best of everything to you!

[@elkmo41]

SS asap…I will never get what I put in.

[@nicktame2108]

Great commentary and the BEST graphics presentation style. Thank you for the encouragement to retire early!

[@Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@kevinmarten]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@JacquelinePerrira]

Mind if I ask you to recommend this particular coach you using their service?

[@JacquelinePerrira]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@shotgungenetics]

@@kevinmarten Unless someone has studied the stock market and has training, and proof of success putting any retirement money in it, is WAY to dangerous. Did you learn nothing in the financial crisis?

[@jackjohnsen8506]

No one makes enough to "SAVE:|" for a house My firrst house was 32K, and the one i sold before My retirement house, which I paid cash for ,sold for 736K I made 1,3 million in house appreciation in 41 years, in california, and then Moved to a State, not run by ciminals and loonitics...

[@drumsnmore2545]

Part time work is rarely discussed on these channels. I’m 57 and doing alternate two and three days weeks - in another year will move to two day work weeks indefinitely. I get the income, social interaction, and stimulation of a career I enjoy without all the stress - along with gobs of free time for hobbies and travel. Best of both worlds!

[@douglashaner6802]

And if things go bad...you have a steady work history. I plan on doing this at age 60. I will have 3 small pensions that add up. But don't want to completely stop working.

[@fmagalhaes1521]

I am looking to doing that so I can retire in a little over two years at 62.

[@y_yy_2844]

Part time work is rarely allowed or offered by employers.

[@drumsnmore2545]

@@y_yy_2844 Source? I would think it varies greatly by employer

[@imkindofabigdeal4308]

@@y_yy_2844 You don't need permission to start your own part-time business.

[@killergerbiljeff]

I retired at 50 and have so many hobbies that I am NEVER bored! So far made it to 71 and am healthy and going strong. Retirement IS NOT a dying man's game!

[@Tonymanero1960]

I agree retiring at 65 is a Huge Mistake,......that is why I retired at 57( 7 years ago). I also took Social Security the second I was eligible. Life is good,..no regrets,...no apologies,....and I am worth more now than when I retired.

[@JB-fq9dp]

Congrats, I'm planning to retire at 57 also.

[@Tonymanero1960]

@@JB-fq9dp Do it,........and take S.S as soon as you can,........just to irritate Uncle Sam.

[@charlesdudek7713]

I retired at 57, 10 years ago and it was the best decision I ever made. I highly recommend it.

[@mayracardona996]

Good for you, I will be 62 in September, hopefully December 31st will be my last day at work. I think 40 years of labor is enough and I want to enjoy what I have accomplished while I can.

[@roaddawg831]

Yep, I too retired at 57 over 10 years ago. Invested wisely so I don't need to take SS until I reach the max age in a couple of years. I've stayed in shape and lived well this last decade. You never get the years back, retire as soon as you can!

[@jtb-southphilly]

Divorce in 2013 crushed me in so many ways. Fortunately, I am of sound mind and body and healthy. As far as finances go I have very little but I’m debt-free (no car payments, credit card debt, etc). I ended up living a very minimalist lifestyle without all the possesions. You can’t take anything with you when you die so why struggle trying to have everything. Got a car, got a road bicycle…I’m good! 👍

[@snowdrop629]

Gotta road bike? You are rich in so many ways, enjoy your cycling and stop every now and then to smell the roses and see nature, thats my motto

[@Earthtime3978]

It’s tough at 60 to get the adventure bug, especially biking all over.

[@valeriefromoregon]

Same. Divorce 2013. I pray couples reconcile to heal the family . Divorce is devastating and affects everyone in the family. With my health I can only work two days a week. I have little money but some savings, no debt and a paid for car. I am thankful. God is good. Love minimalism though always have, live in a 350 sq ft apartment, it’s perfect for me. for fun I exercise and hike in the mountains it has been good for my mental health and healing.

[@Mlanderos-t9e]

Nobody is asking the right questions. I'm worried about retirement and want to maximize my savings. I've tried various investments that didn't work out as I hoped, and now I'm unsure whether to invest in the stock market or index funds. Any recommendations would be appreciated.

[@Raniyanhunter]

The stock market is likely the best smart investment. However, if you are thinking of investing in the stock market and you are not well versed, its advisable to work with a financial advisor who is an expert to guide you through the process. this way you could make more profit with less risk

[@Anessa-gibson]

The truth is, the role of an investment advisor can often be overlooked but should never be underestimated. After facing a significant portfolio loss in 2020 during the COVID pandemic while trying to manage my investments on my own, I decided to reach out to an investment advisor. At that time, I had about $126K left in my portfolio. Now, without having to lift a finger, I'm semi-retired, working only 7.5 hours a week, and I'm just 10% short of my $1 million retirement goal thanks to my subsequent investments.

[@garnold-l5p]

Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.

[@Anessa-gibson]

My CFA, Brenda Davies Clarke, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@garnold-l5p]

I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thank you so much

[@kristirichards2249]

My husband and i both retired at 62. I think we both wondered how we would stay busy and happy but its been much easier than we thought esp living on a farm. Retirement is amazing!

[@vtwinpower1903]

U will never B bored on a farm there DEAR, IM A FORMER FARMER, WORK IS NEVER DONE N U STAY IN EXCELLENT SHAPE 💪😜😎

[@pensacola321]

I retired 17 years ago at age 57. So glad I did. It is very doable, and I am still very healthy. Still in the Go-Go years.

[@markeh1971]

Congratulations and keep it up! M.

[@razorsharplifestyle101hard9]

Do you think you could have retire at 50 instead of 57?

[@davearnold731]

It was fairly easy for baby boomers. At 25 or 35 years old good luck retiring early

[@Earthtime3978]

I went out of work at 57 as well but by way of SSDI. I’m free from the mental abuse but alone and poor as fuck.

[@parkerbohnn]

I'm in the po-po years. I got Crohn's disease at age 38.

[@projectkj7643]

This is a BIG wake-up call for me. I retired this year at 59! I just realized how blessed I truly am! I just started lifting weights.

[@logicae4096]

48, retiring at 50. Really tired of the rat race... I am a corporate executive. I need a solid 6 months of de-compression, just fishing and traveling with my wife and I.

[@music-jj2pl]

Thats what I said when I was 47. I'm in software. I had to readjust to 53. But that's it. I'll move to the sticks if I have to.

[@fdm2155]

I have a kid in high school. When he's done, I'm done! Can't see the point of waiting beyond that.

[@MelissaLuvsHens]

@@music-jj2pl I highly suggest moving to the sticks We live happily off Grid in Camptonville California only 12 min from the next town. I LOVE It!! Downfall is you cannot do a reverse mortgage and there is no homeowners insurance offered. Add that to free water via springs, and Solar to power the house 7 months a year, and power the car & E-bikes, we spend $575 on Monthly expenses. Groceries not included

[@ThunderStruck94660]

@@MelissaLuvsHens That is awesome Melissa. We want Californians like you in Texas:)

[@execatty]

Ironic.. I always tell people first thing I'd do if I hit lotto.. De compress from life and sit on a boat in key west for 6 months..

[@Michael-nx2sj]

Thanks for your transparency, Azul. Having a real talk is really important. And good on you and your spouse for working hard. ❤

[@helennwafor2903]

Thank you Sir . Very thought provoking submission .

[@philc.9280]

Pretty sobering facts. Fortunately, my wife and I are in great health and will retire at age 70 after 49 years working in our fields. We could have retired much earlier as money wasn't an issue, but work gave us purpose and meaning, and we loved our jobs.

[@kenmartin5771]

If you love your job no need to retire early.

[@vicktdock]

Jeez no hobbies or passions?

[@philc.9280]

@@vicktdock Good question. As I write we are traveling in our new RV in the San Diego area enjoying the scenery. We serve a lot in our church ministry and play musical instruments. I do a lot of mechanical type work on the side.

[@guitarhillbilly1482]

Are you going to start your SS at 67 years old?

[@markeh1971]

Loving your job helps time fly. Having a well paid job gives you options outside work. I’m lucky to be able to retire abroad or 1/2 the year overseas. Just hope our health lets us do this. Take care M.

[@joeo7257]

You are spot on! I retired at 56 yrs old as a mechanic. I'm 63 and much healthier than when I retired. It's about balance. Live below your means. live while you are working., not the other way around. Don't sacrifice your now for a distant goal. When you retire living below your means, you can stop saving yet keep your lifestyle. Start now! New Subscriber

[@ptkthekid]

What did you do for health insurance. That is what stops most people from retiring before 65.

[@JuanTorres-ny9ff]

@@ptkthekid If you retire, you lose your health insurance, is that it?

[@ducinaltum5849]

Great video. Clear and simple messages full of common sense and not complicated interested indications. Congrats.

[@nealdavid1820]

I officially retired at 64 and 7 months. I hadn’t had a vacation in over 15 years at that time. I now travel around the Pacific and enjoy life every day. I currently have excellent health and pray that will continue. Retire and enjoy life before it’s too late. 😊

[@br5380]

One thing that always stands out with US retirement videos is ‘travel’. Us Europeans travelled when we worked, we took our holidays/vacations 😀

[@BruceLee-xn3nn]

​@@br5380Im American and I get 5 weeks vacation every year. I'm not waiting until retirement to vacation. I get it done now

[@br5380]

@@BruceLee-xn3nn based on the US-centric retirement videos, you sound like an exception

[@rlhaff3560]

GREAT video... I'm so tired of all the investment companies telling us we need to work work work until we're dead!

[@strawberrytart321]

I'm waiting for the MAID thingy to come to the US. and I'm OUT!

[@stackedhippiechick]

If you weren't investing they would be out of a job and income.

[@NicholasBall130]

So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

[@StocksWolf752]

In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor

[@cowell621]

Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)

[@LiaStrings]

Could you possibly recommend a CFA you've consulted with?

[@cowell621]

Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@grego6278]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@micheal_mills]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[@Robert_Seaman]

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

[@donna_martins]

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

[@berkrix4312]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@donna_martins]

Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@berkrix4312]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@ern48]

I quit working at 48, sold my house at the peak before '08 and have lived within my means since, pension at 55, ss at 62 and have never looked back. I have not borrowed any $ in almost 40 years, if I can't pay cash I don't buy it and my $ goes twice as far by not paying interest. Money will not buy you time or happiness.

[@parkerbohnn]

I paid cash my entire life for everything but rental cars.

[@Twizzted]

Excellent video! Well done, and thank you so much for this information and advice. You speak the hard truth we need to hear!

[@RobertMiller-ye9hm]

Am from Scotland and am 67 still working my dad’s cousin is 88 and still working part time he travels around on his push bike .

[@ThunderStruck94660]

Retired at 55 in March. Best decision. The weight of the world is off my back. I am having a blast learning how to fix things on platforms such as youtube. Way more sense of accomplishment than doing a 50 page powerpoint. Military retirement isn't awesome, but it has allowed my to throw off my corporate overload.

[@parkerbohnn]

No one should retire past age 55. Freedom 55. I retired at age 35 due to my health.

[@pabs8]

Yes, let the young people take charge of the jobs. In our 50's our priorities change. Unless you are supper passionate about the work you do.

[@ThunderStruck94660]

@@pabs8 Yup, we are having our first grandkids in December (twins). I am not missing out on that.

[@stevemccarty6384]

I joined the military at 19 during the VN War. What fun that was! Got out bought an apartment and lived in one of the units. Got jobs. Stayed in the military Reserve. Was forced to run and work out. Finished my teaching credential and taught for a decade or so. Loved it. Stayed in the Reserve and kept running. Sold the apartment and bought a house and then a few more. Ended up retiring from the military after 40 years. Retired at 60. Free Health Care with the military retirement. Retired from teaching. Got some stock investment savings. Now house paid for, free health care, cars (2) paid for, same wife for nearly 50 years. She is an accountant and manages our savings. Am 79 and life is good. People in my family live to 100. I hope that I have a ways to go.

[@john1boggity56]

This is such a great piece of advice. It's started some serious conversations in my house about whether we should retire soon.

[@erichendrick3928]

You will never hear someone on their death bed say: " Boy, I sure wish I had worked more."

[@carlandre8610]

Not sure about that. I think it depends on what you do. I work doing especially challenging mental health work. It is super satisfying helping people and seeing changes in people's lives. I get 6 weeks of vacation. I have money to do what I want when not working. I have many interests and can do most of them while working. I will be 62 soon. I have no regrets. Seeing people with Schizophrenia Bipolar and Schizoaffective disorder recover is amazing.

[@jerrypelletier2328]

My Father will..... That man loved to build homes.....he is 93 and wishes he could be building still to this day.

[@Justinhomii]

??

[@roberttrinies7698]

Broke and homeless might say that. ✌🏼

[@cvgguy98]

No, but you might hear them say how glad they are knowing that if this is my lot in life, I will help set up my child or children for financial success.

[@cutehumor]

I'm retiring at age 54.5 with IRS rule of 55. Life is too short to be stressed about money. I have a short life expectancy as well as a bad family life history of cancer.

[@americancitizen1344]

Start looking into intermittent fasting stay away from sugar.Your cancer expectancy will go way down.God bless you my friend

[@bc_usa]

​@@americancitizen1344Facts!!!

[@mjulkunen]

Good for you! Now stop stressing about life expectancy and cancer. Go live a happy/healthy life - you don't have a lot of control over your life expectancy or cancer. You can get by on very little money if needed.

[@SamHeck-uq1qe]

What are you doing for health insurance?

[@SamHeck-uq1qe]

What are you doing for health insurance?

[@gman8648]

What do I do about health, dental, vision insurance? I'm not waiting to retire for Social Security I'm holding out for Medicare.

[@CraigJ1985]

Retired at 35 in Australia. 1 year in and I don't regret anything. The hardest thing is explaining to friends and family that I don't need to work anymore and that no, they can not borrow money. Offering to take a look at their finances often ends that conversion quickly.

[@Lulusvideos1]

I’m retiring next year at 62, I had originally planned to retire at 67, but I can’t go another five years in the corporate world. I have a couple of side hustles that I’m looking forward to. Plus I have a whole list of things I’ll be focusing on.

[@gregkloe]

I'm with you on getting out of the corporate world. I'm turning 65 in December and I'm out. Maybe sooner. I take things month by month now. I was also going to work until 67 but I'm ready now.

[@markt4605]

Turn 62 in about 20 months and calling it a day. Health Insurance will be a bear though.

[@JohnBowl14690]

Retiring at 62 and then doing side hustles? Ok, you'll be semi-retired then.

[@jessicaquinn9730]

I am also working in a big corporate. Tired of it. Endless performance review, 1:1 etc. This year they introduced an evaluation system which mandates 15% low performers. Feel disgusted seeing my hard-working coworkers fell into this. I am 65 years old. I had planned to work till 67. But I changed mind and will retire by the end of 2024. ​Enough is enough! @@gregkloe

[@Humbertojuepaje]

Retired at 63 without a pension and only a very small 401k which I used to buy a small farm in the Andes mountains. I grow excellent food, chickens, plantains and coffee. Am working on being 90% self-sufficient within the next year so that I won't be dependent on social security anymore. I'm at 50% now and will get there. Fortunately I'm single and only have to worry about myself. It hasn't been easy but has been worth it.

[@MTimmWes]

Congratulations that is awesome!!!

[@mikemecklenborg5412]

What country are you originally from?

[@roadrunner9622]

If you're on "a small farm in the Andes Mountains," how are you on the internet? 🤔

[@Humbertojuepaje]

@roadrunner9622 internet is available almost everywhere here. It's not very good during the day but it's really good at night. I can watch KZbin videos easily after 10pm most nights. I quit TV in 1996 but people can get direct tv here too

[@ursulaalvarez3699]

May be you know my friend Juan Carlos. He did the same

[@erth2man]

The biggest factor preventing people from retiring before the age of 65 is the added expense of giving up their employer based health insurance plan.

[@lynnepopash2292]

agree! It's the one thing that keeps me from considering retirement.

[@larryperez9895]

I agree and disagree. I agree people are concerned about it and obsess about it, but on the other hand, it's a sign that they didn't plan well if the "ONLY REASON" is health insurance. Just make a plan for it.

[@ohsweetmystery]

@@larryperez9895Just pay for it for a few years before Medicare kicks in.

[@MichaelTrantham-e9m]

But if your illegal you get it for free!

[@Earthtime3978]

No the biggest factor is having money in your pocket …to live!

[@philmarsh7723]

Obesity. Lack of exercise. Your worst enemies.

[@ThunderStruck94660]

Yup, exactly.

[@mikedr1549]

Exactly. It's not that retiring at 65 is a mistake - it's more that the majority of people don't take proper care of themselves.

[@billvill61]

Sorry, smoking is your worst enemy.

[@br5380]

@@billvill61over here in the U.K. far less people smoke than in the past, but obesity has taken over

[@zeroceiling]

@@billvill61don’t be sorry…smoking is a problem…but many many more people are affected by obesity…

[@paulciccarello661]

As always you give invaluable advice thank you! An other way of looking at it that some of us find our life satisfaction in work, just before I retired I received unsolicited advice about when to stop working and all that .....ultimately its a personal decision with many moving parts. As always your prospective and experience provides a piece of information to put our puzzle together.

[@cduff4505]

Tomorrow is the day for a hard core stress test look at retirement plan with my finacial advisor to make the big decision. Right now the plan is to give notice mid July and retire Sept 6 (turn 55 this year). I’m terrified but excited and I’m ready to live life on my terms! I do love to work but plan to take 3 years off, re-prioritize my goals and health, tinker in my garden, focus on the creative side of my brain. Then either start a small side business / pick up a PT job and volunteer and after my mini retirement. Super excited to leave my high stress job behind and enjoy my life!

[@jimr5855]

the more important message is take action to improve your health, regardless of what you are doing with your time.

[@yanickdantiste7080]

Thank you for all your sounds advice. Very useful educational topic.

[@lisagrace667]

My concern is health care insurance if retiring before age 65 and qualifying for Medicare. How can anyone afford to purchase healthcare on their own?

[@WTHenry2023]

@@lisagrace667 Bingo. That's why I will retire at 65!

[@Mr.Krinkle]

Agreed.

[@clayton56tube]

I retired at 62 and enrolled in Medishare at $200 a month. I made it to 65 and Medicare without incident. Don't go to the doctor, they're paid more to unalive you than to cure you.

[@andreajordan2558]

I used Obamacare for a year before I turned 65. It was the least expensive option, and adequate for me.

[@LoriBenoit-m3n]

Have you researched what you would pay for a plan under the affordable care act aka Obamacare? The plans are sliding scale based on income. At 58 yo I was having heart palpitations from stressful work as a project manager. Reduced my hours to part time. ACA health insurance premiums were and are very affordable when making less than 50-60k a year. Presumably, if take early retirement you aren't making 100k a year. Premiums for decent plans are under $100 a month with a $3000 deductible, for income below $45k. Platinum plans with lower deductible are of course more. Point is, don't let perceived cost of health insurance prevent you from retiring early or reducing work hours. Get online and do the research.

[@Shirley_P-c2c]

I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?

[@Karenowen-f9j]

I believe the average life expectancy in the US is around 77.5 years, but many individuals live into their 80s. Therefore, $1 million needs to cover all those years as well as any unexpected expenses. While $1 million is a solid beginning, I recommend seeking financial advice just to be safe.

[@J.Buchanan-g1q]

I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 46 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. As of today, my portfolio has yielded over 300%, summing up $836k. Stay motivated friends

[@Kai-p2g]

@@J.Buchanan-g1q this is huge! your advsor must be grade A, mind sharing more info pleas? in dire need of proper asset allocation

[@J.Buchanan-g1q]

Jennifer Lea Jenson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@staceymayar4606]

@AliceNicholson-q4i be careful with these leads. I almost got conned!

[@Medmann48]

I am 63 & will retire at 64, my biggest worry is Healthcare costs, our greedy medical care system is designed to bankrupt you. My other worry is a big spending spouse, my wife has a large bucket list of places she wants us to travel to & they are all expensive. Her retirement plan is reflected in her statement to me last week: "Listen, we are going to retire & if we run out of money we run out of money, so stop worrying about it". I told her that running out of money in retirement is NOT an option.

[@ilovepinktacos]

Plan to relocate to Asia , the prices are much cheaper for healthcare and service

[@gabip412]

Move to Cuenca, Ecuador. There is a big American expat community. So much to do. Great health care, cheap renting. Do some Research. You can travel with your wife formę there

[@georgezahorcak7764]

I got “job eliminated” one month before my 60th birthday. Coming up on the tenth anniversary. How lucky I am! I go to the gym every morning to stay fit. Some days, I can’t believe how lucky I am.

[@milfordcivic6755]

When you're retired, there's all the time in the world to go to the gym.

[@rosed6058]

I am retiring this year, July 5th. I am so excited. I just turned 60.

[@markeh1971]

Hi, great news now keep busy doing what you want to do. Me looking for 60, 7 years to go / save. State retirement is 67 for me so I need to build up the fund to pay me between the two. Health is the biggest factor in all of this. Have had a heart issue and this could pull the rug on it all!!! You may have plans but being I’ll or dead will stop that. Take care M.

[@MichaelTrantham-e9m]

Congratulations....November for me. 62

[@alphafox400]

I am 70. What you said is sobering in light of my own experience. Thank God I am fit and healthy. However seven of my friends have passed away in the last ten years. They all appeared to be fit and healthy. One was about 80, two were in their 70’s, three were in their 60’s and one was only in his 50’s. My Dad had a massive heart attack at age 57. Dad lived almost to 94 but was in chronic heart failure for twenty-five years.

[@69camaro19]

"Genetics loads the gun,diet and lifestyle pulls the trigger".

[@momof4spoiled1s]

what kind of car is that in your avatar pic?

[@69camaro19]

@@momof4spoiled1s It's my 1969 Camaro I fully restored a few years back.

[@momof4spoiled1s]

@@69camaro19 nice. Looks orange in the avatar but red when I go to your channel. Anyway, it caught my eye. Many, many moons ago I had a bf that had an orange camaro with the stripes like that. I think his was a '70 though. He died very young while he still had it. Wonder what happened to it.

[@69camaro19]

@@momof4spoiled1s Sorry to here about your BF. The car is Hugger Orange with white rally stripes..

[@deeheglie4940]

What about those of us laid off at 62, then the pandemic hit, then we are interviewing for positions against people 20 years our junior? Employers pay lip service to hiring over 50s, but the reality is that ageism still persists! I rest my case.

[@milfordcivic6755]

At 49, this is my greatest fear. I work in an office full of 20-30 year olds who seem to have their own "bros" clique - I'm left out of the loop a lot and people only talk to me when they need something. If there is ever a layoff, I know I'm already on the list. I don't know what I'll do after this job, because I'm just sick of working for companies where it's the same BS I've been fed for the last 30 years.

[@kwilliams2239]

@@milfordcivic6755 Yes, being laid off at 62 would be bad but at least there is some SS to fall back on. At 49, there is a good possibility that you are screwed. I went through a period of 18 months where my employer went from over 35K employees at our location to under 12K. Since the area was basically a one trick pony, at that time, house prices were in free-fall. I transferred to another location, but I was finally laid off at 55. I have skills that were/are in high demand, so it wasn't a death-blow. I had one instance of obvious age discrimination but several others where it was the opposite. My skills were in high enough demand that some employers were intentionally looking for gray-hairs. Experience mattered more than youth and a low salary.

[@grahamp2334]

Seek out companies that hire older workers. They do exist.

[@johnkelly9451]

With the baby boomers retiring there's a shortage of workers. After mandating the vaccine and firing the people who didn't get it, our first responders, military, gov't city workers, ems ect., truck drivers, restaurants and vet clinics, stores opening four to five days due to worker shortages, companies are screaming now for a warm body to help but cannot fill the positions. Is this why the gov't opened the border? Experienced people are in short supply. All the trades are in short supply too.

[@johnkelly9451]

​@@milfordcivic6755Yes, working with the snowflake generations and possibly having one for a boss is anyones nightmare. I hope the generation after them gives them a headache too.

[@jeffreymcdonald8723]

Thanks for your work.

[@blaquopaque]

I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?

[@Curbalnk]

Glad to hear from another buckeye! comfortable retirement depends on your lifestyle...

[@greekbarrios]

I would get money management just in case. You’re only 55. I think the average life expectancy in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!

[@kansasmile]

Generally speaking, a good number of people discredit the effectiveness of a certified fiduciary in planning for retirement, For over the past 10years, I’ve had a CFA consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains.Might not be a lot but retirement doesn’t seem so farfetched anymore.

[@irenafields3324]

Comfortable retirement with $1 million and 55 years old? Wake up, please. Unless you live a very simple lifestyle.

[@michellebilodeau3882]

Its enough.

[@fmagalhaes1521]

That is why in the US, they give full retirement now at 67. This is not by accident.

[@arnoldmasaki6198]

Thanks for sharing. Im a Tanzanian, an East African, a lot to learn from your video. Im 51 working with the Government here. Retirement age is 60 in Tanzania. Im pondering on retirement at 60 with some degree of financial freedom.

[@englishwithmiranda]

I'm 51 and consider myself semi-retired. I work 2-3 days per week and always take summers off. It's enough hours to still pay into social and health insurance as a self-employed teacher.

[@denissecafengiu2033]

Pay off your mortgage and retire. Unless you plan to travel the whole world you really don’t need much. Rice and beans better than a job. Also can work PT just to keep busy. 👍🏻👍🏻😄

[@Lulusvideos1]

I agree, live frugally and within your means. Eliminating as much debt as possible definitely helps.

[@JohnBowl14690]

Rice and beans better than a job? I think it depends on the job. Mark Zuckerberg is still working an he has $150 billion.

[@razorsharplifestyle101hard9]

@@JohnBowl14690 You call that wage slavery.Mark not on wages.I dont if he working at all.

[@rschier1]

Retiring does not necessitate paying off a mortgage. It's really a case by case basis....

[@bonniemartin4232]

@@rschier1 My mortgage will be paid off at age 91. Have enough to pay it off by why at 1.99%. We rented overseas while traveling to over 20 different countries instead of staying in US and paying on a mortgage. I don't regret it at all.

[@heinzpilot]

No one's going to be able to retire at 65 anymore. These corrupt politicians in America have destroyed this country.

[@martinbaccetti8877]

CALLED DEMOCRATS

[@imkindofabigdeal4308]

The ability to save money now and spend it later is an underappreciated miracle. By deferring some gratification now, you have a claim on society (a certificate of performance as Walter Williams called it) that, if honored, makes life beyond subsistence farming possible. The point of all of this corruption of our money, our financial industry, our politicians, the donor class, and a captive media, is to harvest those claims against the future for their own benefit now. Saying we'll own nothing and be happy is one way to describe that strategy. We all need to wake up.

[@ScottA2345]

And WHO voted those people in?? We get what we vote for.

[@Winkkin]

I was an accountant by training and early on it was clear that average salaries can never support a comfortable retirement. You dont make enough to save when you're barely paying your bills and yet they expect you to save enough to cover 70% of your pre-retirement income through a 401K and heaven forbid you live long enough that you have to reverse mortgage your home in later years. If you live till 85 you need 14 years worth of your old salary in the bank to cover (SS is targeted at providing approximately 30% of your pre-retirement income). Thats a lousy prospect hanging over your head. The only solid opportunity, for average salaried people, is to get a job that has a pension.

[@Winkkin]

@@imkindofabigdeal4308 The other possibility is a solid pension. $704,000 in pension benefits in 11 years, and counting. There is no better way. And, all of the money I made while I worked $1.6 million .... I spent in the year I earned it, so I've never lost a penny to inflation because I've never saved a penny.

[@dnhman]

It’s about our terrible diet and overly sedentary lifestyle

[@philcadorette1383]

I am in a similar situation, I have invested in dividend paying ETF'S as my source of monthly income. That way I don't have to sell anything and the principal core investments stays intact rather than shrinking. Been this way for 2 years now, it's great !!

[@strawberrytart321]

The garbage put in foods in the USA are not allowed in Europe.

[@BruceLee-xn3nn]

I've been at my job for 25 years. I have alot of older coworkers that have died out at young age. Majority were heavy drinkers , smokers, very poor diet or all 3.

[@scottscott5301]

Thanks you for the great info!

[@wheels636]

I'm 66.5 and I'm retiring in the next few weeks. I could've retired at 60 but I enjoyed working where I've worked for 44 year's now with the same company.

[@notanomad9320]

You'll probably live longer than all those people who hate their jobs, lived bad health life styles and want to retire early. Good luck!

[@mjulkunen]

A lot of people say they enjoy working. I don't believe most of them. I have friends that I golf with that could retire but say they enjoy working. What are they doing at the golf course??? Go back to work... do what you "enjoy???"

[@JohnBowl14690]

@@mjulkunen - You probably have a dull job if you can't see how others can like working. I'm sure most of us would prefer being lazy and never going to the gym, brushing our teeth, flossing or doing other things that are beneficial to our lives. However, I get a lot out of going to the gym and working. If all you do is play golf, watch TV and drink beer all day, sure, it's probably more enjoyable than working or going to the gym. But for me, no thanks. Sometimes living your best life isn't just being a glutton for laziness and doing nothing. Even if I were a billionaire, I would not choose that lifestyle.

[@mjulkunen]

@cdsersd2d I've never touched alcohol. I watch about 4 hours of TV per week. I walk about 30 miles per week on the golf course. I go to the gym 3-4 times per week. I play 10-12 hours of pickleball per week. I ride my bike 20-40 miles per week. I spend about 10 hours per week with my granddaughter and her parents. I work in the yard. I do home maintenance. I like to cook. Yes, in comparison, my job was boring... numbers, finance, accounting, analytics, and computer systems. Yes, I'm lazy... I take a 30-90 minute nap nearly everyday. Playing hard and loving life can be exhausting. I hope you love your job so much that you never leave. As for me, I don't miss my job for even a second.

[@JohnBowl14690]

@@mjulkunen - Again, let's go back to your main point about enjoying working. Mark Zuckerberg has over $150Billion. Why does he still work if working is so horrible? Jeff Bezos isn't CEO of Amazon, but still works there and has a new space company. Why does he still work if it's so horrible? He can play pickleball as much as you can or play golf all day. Why doesn't he?

[@karnubawax]

I'll be 62 next year. At 62 and 1 day... I'M OUT!

[@mjulkunen]

I retired at 60. I'm loving life. However, I wish I would have figured out a way to retire as early as 50.

[@MichaelTrantham-e9m]

Hit 62 in 6 months, I'm out too. House is paid off and no debt. I'm so looking forward to it.

[@anthonywilson7304]

I'll be 62.5 this time next year. We going to do some travel for a couple of years. I could go back to work on a part time casual basis if I have too but we are pretty set to string it out until I'm 67 when I'm able to get a pension. We have enough super and no debt. Most importantly my wife and I have our health. We are certainly in a position to start enjoying life on our own terms.

[@Earthtime3978]

Have a boatload of cash nearby. Been down that road.

[@dentray]

I said that and now I am 63 lol

[@RCRoads]

Great advice. I started working straight out of High School as an apprentice electrician. 34 years latter I retired. Divorced 3 times and bought and sold 4 homes. Lost all kinds of money investing. From age 52 to age 62 I lived off my savings and eventually my 401k. At 62 years old I took early social security and went back to work part time doing construction. That was dumb because I had to pay back every dime I made that year in ss because I went over the $19k threshold. I'm 66 now and have throttled back my spending to compensate. I enjoy the simple things in life and don't worry about money. My home is paid for and my biggest expense is my property tax. I receive a pension from Boeing for my 34 years of service and if that goes away I will then start to worry or just cut back more. My though is your either rich or poor and you just have to deal with what you have created for yourself.

[@forfreedom67]

I retired at 59, and it was the best decision. Live it too short, and you never know what's ahead. Enjoy every minute because life can change in a second. Do what's best for your own situation.

[@TbarRocks]

Yep, you are never promised tomorrow!!

[@pac1fic055]

How do you deal with health insurance?

[@JuanTorres-ny9ff]

@@pac1fic055 Is it not possible for a retiree to pay health insurance yearly?

[@sheilahawkins8861]

I don't know how long I have to live,At this time, I've had many doctors appointments, and I have no medical issues at 64. I work at a stressful job, and I refuse to continue living this way. I'm retiring in 4 mons.

[@arlenecordero1607]

Than you for so much rich information

[@barbiec4312]

Guard and work on your health like it is your MAIN priority in life. Make a tiny change for the better every day.

[@martywilliard]

Amen

[@shawn5170]

I’m 63 1/2 and I’d love to retire now but who can afford the health insurance? I have to wait to 65 so I can get on Medicare. I exercise, my health is good and I’m not fat like most people. I’ll be debt free by then. I really have no choice.

[@Electromag50]

Health care isn't as expensive as I thought it was. You should check it out, just go to United Health Care and it gives you quotes without asking for your email or personal identity.

[@angela-if8tt]

YOU should find out how much COBRA is a month its good for 18 months or Obamacare to retire earlier.

[@WilliamFluery]

@@shawn5170 Move to South East Asia…health insurance is inexpensive and medical costs are ridiculously inexpensive. Living expenses are 1/4th of the US.

[@hamradioeconomystyle48]

Man this is a booster. I'm considering retiring in February. I'm debt free, have several retirement assets. I'm over 65 and am utterly paranoid of retirement. Plus I have never liked my job of 35 years. Most of the time I hate my job. This is a great motivator. Plus I feel my health is waning.

[@Shanehinch]

I’m 45. I want to retire at 55. Thank you for the advice. I am an attorney and planning accordingly.

[@ken85225]

try to retire even earlier than 55👍👍 take care of your teeth and the general health and life can be wonderful.

[@clydeb7713]

Hate to dissolution you but if you have diabetes , rice and beans is VERY UNHEALTHY for you!

[@tfpjr]

Just retired in December 2023...spouse filed for a legal separation in May 2024! How's that for no house and no spouse 😢

[@ManuelHernandez-gq1yq]

Thank you, Jean-Luc Picard

[@Ericbabacan]

Recently, I've been pondering retirement. I've also want to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future..

[@GabrielZi-xr6zc]

Yes. It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit

[@A-krandy]

That makes sense. Unlike us, you seem to have the market figured out. Who’s your fiduciary?

[@GabrielZi-xr6zc]

’Marisa breton Dollard’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@A-krandy]

Thank you for the tip. It was easy to find your coach. I did my due diligence before scheduling a phone call with him, and he seems highly proficient based on his résumé.

[@motorcitymadman146]

Dont get caught in a scam . Buy Gold and silver and pay off debt.

[@alfredjones3984]

Nice video coverage the market trends hint at lower prices, but this could also open doors for smart investments. Despite a possible short-term slump, remember the market's long-term potential. Downturns can be entry points for portfolio expansion. Success lies in informed decisions and strategic planning. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!

[@alfredjones3984]

Shea Ardolf program is widely available online..

[@mattdan5238]

Witnessing fellow traders reap the rewards of her expertise is truly inspiring. I, too, have experienced the benefits of her signals, which have propelled my crypto holdings from 2.1 btc to 6.9 btc. Moreover, her guidance has instilled in me a disciplined and knowledgeable approach to trading, resulting in increased profitability.

[@dorothyweller7736]

I'm surprised to see Eugenia mentioned here. I’ve pretty much-done intraday trading before with a bunch of indicators and I got fed up because of poor performances. I started implementing Kerrie Farrell signals because she was honest and fairly straightforward. I owe my success to her..

[@dorothyweller7736]

The market's top signal provider. Highly knowledgeable and level-headed,

[@sidinhasol]

A good investment requires experience and knowledge to carry out a successful trade. Professionally it’s recommended to trade with experienced brokers, who can help grow your profits while assisting you learn the trade .

[@MikePeaceWoodturning]

I retired almost 18 years ago at 58.5 and paid for Cobra health insurance thru my employer for 18 months before my military retirement health insurance kicked in. I love it! Retired while still able to play competive (at a low team level!) tennis which I had to give up after 10 years. Found a post retirement hobby in my first year of retirement I am passionate about that keeps me busy and has taken me in so many directions with new skills. But, in the US few folks can cover the costs of health insurance before medicare at 65. And too few saved and invested enough for retirement and too few have good pensions other than school teachers and government employees.

[@9liveslisa]

Wow, that's sobering! I'm glad I retired at 60! But I am counting on longevity in my family. High 80's and 90's. Hopefully. I'm 67 now and enjoying every minute of retirement!

[@ubemememe]

This hits close to home. I'm 62 going on 63 and in the "do I have enough money" bucket.

[@gimcrack555]

I'm retiring at age 67, if health is good up to than. Will rate my health from 62 and upward. Will get medicare going at age 65. Even at retirement, I'm still going to hustle for a buck. Been hustling for a buck since the age of 13. Buying and selling is my biggest gig as a flea market seller. And I also can build and repair PC's. Beside my current job as a caregiver, which I'll retired from. So my bucket will still get filled up, even after retirement. Can't do nothing, that just isn't me. I still have plenty of time for RR, when ever I need it. I'm 60 right now.

[@davidalder6558]

Azul, great chat. My wife and I do everything you said and I chose to retire at 47. I learned that people were jealous that I retired early and it mystified me, so I just told them I was a professional Adventurologist:) Keeping fit and healthy is my priority and I see those around me not taking care of themselves checking out early. I am 68 now and hope to be retired longer than I worked. I worked to live, but not lived to work:) Keep up the great advice. Dave from Canada

[@kakigr3289]

I think we should concentrate on having a longer healthy life expectancy as well. Stay active, eat right, get plenty of sleep, socialize..enjoy life. My parents were in their late 70's when they started slowing down because of health... I am 65 now and hope to have my health even longer then they did.

[@larrymcdonald5219]

I retired at 57 and I am happy as a clam. I will be 62 at the end of the year and I’ve been supremely happy.

[@christopherschleeper7186]

What did you do for health insurance?

[@larrymcdonald5219]

@@christopherschleeper7186 I was able to carry my health insurance into retirement. I retired from the federal government and it’s a great benefit to be able to keep health insurance.. I know most people have to wait for Medicare. Best of luck to you.

[@katrinat.3032]

That’s easy to say when you have the money.

[@mabelh7305]

@@christopherschleeper7186 obamacare. I retired at 58 and have 2 children 20 and 23. Pay $50/month for our health insurance in CT

[@kkane2280]

One of the first questions I ask when someone talks to me about retiring is ... "Do you have a hobby". If you don't, you could have a harder time with retirement. I'm retired and have a few hobbies to keep me busy.

[@robertmilik3781]

if the idea is to build an income stream to use as complement for retirement, or at any given point if needed, then building a dividend growth portfolio always buying adding to it could be a good and peaceful path. On the long run consistency and perseverance could guaranty the desired income stream goal with little worries

[@RupertOakeson]

The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so I'm open to hearing other investors' take on this.

[@chrisjordan8882]

I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions.

[@AbrahamRenninger]

I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital

[@larrysphere]

Do you have any recommendations for a good investment advisor? I could really use some help.

[@AbrahamRenninger]

My CFA, Sonya Lee Mitchell is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.

[@msolar1041]

I’m retiring at 104. I’ll have everything paid off and should be able to make it on SS. Only 54 more years to go.

[@jamescalifornia2964]

Yes indeed 😚👌

[@jackjohnsen8506]

you won't be laughing when you can't work anymore at fifty...and welcome to sleeping in yor ford Pinto...

[@Jasmine-qc4st]

You will be the richest on the ground at that age

[@zeldadesantiago6974]

Much luck to you I hope to run my last marathon at 103 ❤

[@jackjohnsen8506]

good luck but thats not a good thing to want...

[@lucasamorimporto3300]

Amazing video, I started thinking about my retirement and the health issues my family had, my dad retired at 62 and 3 years later had a stroke and now we are spending a lot of money in a nursing home for him. I’m 34 years old and planning to “retire” at 50, meaning, I will not work for somebody but manage my assets and maybe teaching accounting , something more flexible that still pays my bills and I can enjoy free time. Diet and exercises has to be a must, my mother and mother in law suffer a lot for back pain, knee pain, unfortunately they never had the right advise back then. Everything you said is true, hope more people watch it so they can switch the path, is not health to live by paycheck.