Financial ANXIETY About RETIRING?😧

[@dee4435]

After 43 years of working full-time (and being single throughout), I am retiring on Thursday. :)

[@HappyonMonday]

@dee4435 Well congratulations 🎊 👏

[@ibenglish]

Congratulations to you Dee! 43 years of hard work is something to be very proud of. Now go enjoy retirement! 🌹👍🏻

[@mymusicalsons]

Congratulations, @dee4435 !

[@jenniferwise7975]

Congratulations! 🎉

[@ryanclark6602]

Congrats Dee! Great accomplishment

[@mzmonikki]

I always love your videos. Thank you for sharing. I retired July 2024 at 57. I did have anxiety about finances and health. This lasted two months until my pension kicked in and I finally felt financially ok despite the fact that I have an investment account. My health also improved and I had my first grandchild July 1, 2024 and expecting another this February. I have two kids. lol Retirement is AMAZING!!!

[@HappyonMonday]

@mzmonikki Thank you! Grandkids are the best and I agree retirement is amazing! 😊

[@rosemarykingpate7832]

I have no anxiety about retiring (in a couple of months). I will make it work. I need the sleep, exercise, downtime, and the time to plan healthy meals. I'm an introvert, so I'm confident that I won't miss working at all.

[@HappyonMonday]

@@rosemarykingpate7832 That's great! Congrats in advance! 😃

[@robertvolk5252]

@@rosemarykingpate7832 I am retiring in two months as well and I totally agree on those needs!!!

[@reneesoli5345]

@@rosemarykingpate7832 this has been my plan as well. You will love retirement. I noticed that I like to move slow in the morning. I enjoy not being rushed anymore.

[@ljosephdumas3113]

This hit home. My mother went into a nursing home due to multiple strokes and TIAs in 2007. She never left, dying in hospice in 2021. We moved to Virginia in 2007. She NEVER saw our house, and more tragically, my two younger sons never knew their brilliant grandmother (HS grad at 15, Bachelor's at 17, Master's at 18) as anything other than the dysfunctional old lady they had to visit on holidays. 😥 I now do everything and anything I can outside of work to fill life up as I'm acutely aware that, at 65, every day is a present.

[@HappyonMonday]

@@ljosephdumas3113 I'm so sorry about your mom. You'll have to tell your sons all about her! She sounds amazing! I agree. 😊

[@bcusaaus4749]

Very touching video ❤, I’m consumed with retiring now at 63, I’m constantly crunching numbers trying to make it work.

[@HappyonMonday]

@@bcusaaus4749 Thank you! I was the same way!! 😊

[@spicyjalapeno]

You are full of common sense. I continue to watch.

[@HappyonMonday]

@@spicyjalapeno Thank you 😊

[@murrayhaven]

I retired ONE year ago today. I work occasionally as I like having something to do and like the socialization. My husband had already been retired. We seem to have more money left over every month than when we were working. Have a great day Julie. 😊

[@HappyonMonday]

@murrayhaven That's awesome! So far I'm doing better than I thought I would with money too! 😀

[@MrDofTexas63]

We loved your comment about the cemetery being full irreplaceable people. 👍❤️

[@HappyonMonday]

Yeah people don't think about it that way, but it's true! 🙂

[@originalmicdrop]

Retired on 1/15 Today was such a great day started with that cup of coffee and snow falling.........wonderful feeling.

[@HappyonMonday]

Oh congrats!! 😃 Isn't it just wonderful! 😁

[@Mightyluna]

That's a great quote! As I get closer to retirement (end of month) I am experiencing quite a bit of financial anxiety because my 401K retirement portfolio numbers are way down since end of December. I find myself checking on it daily which isn't helpful 🙄. I tell myself that's what bridge accounts and back up plans are for, and it will all work out. So, still moving forward. ☺

[@HappyonMonday]

How exciting that it's getting close! Yes, that's what back up plans are for! Try not to look as much! 😊

[@johnsonajayi7846]

@@Mightyluna : You must check with a fee paid financial advisors to help with your investment. Your investment should be up, the market went up the last two years as it 12/31/24.

[@FIRE_DrNinjaTurtle]

I love it when you said “I played the game and won” ❤❤❤❤❤

[@HappyonMonday]

@@FIRE_DrNinjaTurtle 😁

[@fazalrahaman5910]

Retirement should be about the simpler things in life. This is my guiding principle. This should result in lower costs of living. I have had all the "fancy" things that I could ever want over the last 50+ years. Thanks for another great video. Well said.

[@HappyonMonday]

@@fazalrahaman5910 I agree 👍 💯 You're welcome! 😊

[@ryanclark6602]

I don’t know if you will still be making videos in ten yrs but I hope you are just so I can share my retirement news with you :-)

[@HappyonMonday]

Aww that's nice! I don't know if I will either. It depends on if it keeps being fun! ☺

[@valerie718]

Yes, I was nervous about retiring. To ease the anxiety, for three years prior to retirement we lived on my retirement salary to get used to a lower income. I’ve been retired almost a year now and enjoying every minute of it!

[@HappyonMonday]

That's a great way to do it! Yay! I'm enjoying every minute of mine too! 😁

[@tc5673]

I made an appointment with a financial planner, to get a professional look at my FIRE plan. I'm in the fearful One More Year phase

[@HappyonMonday]

That's a great way to ease your fears! ☺

[@lisas321]

I was supposed to retire end of month but having to fill in for coworker who had surgery. I was dx with breast cancer/surgery in ‘23 - so far cancer free🤞Had planned on working till 70 but that changed my mind. I still have anxiety sometimes about retirement but you pointed out SO MANY THINGS we all need to consider! No more driving 100 miles round trip for each shift! No more missing holidays/events! Improving health because you have time and energy to do so! I LOVE your channel- it is a favorite! Thank you for sharing your story with us!!❤❤

[@HappyonMonday]

@@lisas321 Congrats on being cancer free and on your upcoming retirement! 😃 Thank you so much! 😊

[@FIRE_DrNinjaTurtle]

Prayers. I hope that you enjoy your retirement.

[@tangerinenix5081]

Thanks for sharing! Retired 1/3/25. Will be figuring it all out!

[@HappyonMonday]

You're welcome! Congrats to you! 🎉

[@TracyB-d9y]

Another great video! I was a little anxious before I made the final decision but I love being retired! The days fly by because I enjoy every minute. No stressful work situations and problems to deal with! I totally agree that planning makes all the difference. I crunched my numbers every which way for two years before I made the final decision. So happy I did!

[@HappyonMonday]

@@TracyB-d9y Thank you! That's awesome! I completely agree. The days just fly by & I love every minute! 😀

[@wildnfrantic1015]

I never had any anxiety or worries about retirement until I put my papers in - I finish in 8 weeks and can't deny my anxiety is sky high but I'm hoping once it's all done and dusted, I'll feel better.

[@HappyonMonday]

@wildnfrantic1015 Yes there's something final about putting in your resignation! Congrats and I wish you peace and happiness! 😊

[@wildnfrantic1015]

@HappyonMonday and your videos have been a great help - thanks, Julie, you constantly hit the spot with the topics you cover. Keep them coming

[@HappyonMonday]

@wildnfrantic1015 You are welcome 😊

[@BurritoSupreme42]

2:25 💯 my childhood music teacher is connected to me on social media. She passed away a little over a week ago suddenly. I'm only 52 and she was 83, but it's a gentle reminder not to give career/work a disproportionate amount of importance compared to personal time

[@HappyonMonday]

@@BurritoSupreme42 I completely agree! Thanks for sharing. 😊

[@malvern1968]

Nice video and message. Anxiety on a new chapter was big for me too. I retired last June as well and have no regrets. In fact i wished I retired a year earlier.

[@HappyonMonday]

Thank you! Most people say they wish they retired earlier! 😄

[@EmptyPocketsCarl]

Boy, I sure needed this video today. Thank you!!

[@HappyonMonday]

@@EmptyPocketsCarl I'm so glad! You're welcome! 😊

[@RoboCatch22]

Congrats Julie and thank you! Your videos and approach are very helpful!

[@HappyonMonday]

Thank you and you're welcome!! ☺

[@lisag-posty]

Another great video. I hope when it’s time to retire that I don’t back out! I will miss that paycheck but not the stress of my job or the bosses demanding unrealistic timelines. At least another year and a half or sooner if I could get my husband to stop spending money on stuff that’s not really needed.

[@HappyonMonday]

@@lisag-posty Thank you! It will get here before you know it! 😁

[@Northern_Squirrel]

New subscriber from the 51st state😀 You are doing a great job and love the format. Enjoy retirement and keep pumping great contents.

[@HappyonMonday]

Welcome and thank you! ☺

[@mymusicalsons]

I use Boldin and love it!

[@HappyonMonday]

Me too! ☺

[@ibenglish]

This is a very good subject to cover as I do suffer from financial anxiety daily but it is a part of what keeps me focused on the end game. I am very good at math and almost to a fault I constantly run numbers in my head as the anxiety lies beneath the surface. I know I have planned well and done so for many years. The time is fast approaching and I know I will be ready. If you don’t suffer from financial anxiety then you are very lucky. If you do, like most of us I would use it as a positive tool and not a negative. Stay sharp and stay confident while maintaining focus. Believe in yourself because one day you will be able to look back with pride of what you have accomplished. > A bit long winded so thanks for reading and thank you Julie for sharing. 🌹👍🏻

[@HappyonMonday]

I was the same way! Thank you for sharing and you're welcome! ☺

[@azteca6695]

I never noticed this, until I started to think and plan on retirement. But ive noticed a lot of older people still working. I wonder if it's out necessity or boredom. And my husband wants us to retire at 60. (5 yrs from now) But it does make me nervous. Especially with the cost of living.

[@HappyonMonday]

@azteca6695 Yes there are many older people still working. Could be both! 🙂

[@nikotopnotch2832]

You inspire me so very much. I have 4 years to go before retirement but trying very hard to make it in 3 years 😊 Wish me luck!

[@HappyonMonday]

@@nikotopnotch2832 I'm so glad! Good luck! 😀

[@emekami8859]

Good video. Nice quote at end

[@HappyonMonday]

Thank you! ☺

[@billholden5271]

Boy you always bring up good points. I only have about half of what you do for retirement. I am 7 years older than you so I don't need the money for as many years. The struggle I have is I know I will never be able to save enough at this late stage of my life. So I just have to decide how to pull the trigger and do it. The only advantage I have right now is for every year I keep working my social security gets larger. As always thank you for the video. All the best to you.

[@HappyonMonday]

@billholden5271 Thank you and you're welcome! It is a struggle figuring out the right time for sure! 😊

[@brookenigh]

Well this was the kick of positive reality that I needed for today. I'm going to refer back to it when I start feeling anxious about the upcoming retirement I have planned. Thank you, Julie! Great video, amazing perspective, and the quotes at the end just keeping getting better. Also - you have fantastic eyebrows. Have a wonderful day! 😁

[@HappyonMonday]

I'm so glad! You are very welcome. And thank you! 😀

[@CourtneyRobinson]

Your channel helps me have so much peace. My husband and I have been living on about 40% of our income for at least 7 years now. Prior to that we weren’t making a lot but we managed to become debt free. Our retirement income is based on what we live on and then I add in for taxes. I feel much more secure about it now. We have a plan for down markets as well. It’s always a little scary knowing that faucet of money coming in is going away but we are ready.❤

[@HappyonMonday]

Thank you - I'm so glad! It is a little scary. Congrats!!😃

[@theresaegbuniwe5808]

Great video!

[@HappyonMonday]

Thank you! ☺

[@dennisp.945]

Love your channel

[@HappyonMonday]

Thank you! ☺

[@PeriwinkleRabbit]

1:03 to 1:07. Yes, that is what gets missed so often.

[@HappyonMonday]

@@PeriwinkleRabbit For sure!! 😀

[@spencerdavies2530]

Timely as ever. 4 1/2 months from retirement and I'm getting the jitters. Both my parents suffered debilitating health issues at 74. That's only 15 years away.... Thanks for reminding me Julie. 🙂

[@HappyonMonday]

It's normal to be nervous! You are very welcome! ☺

[@juliannetaylor9989]

I divorced at 47. Thankful to have a new start. Worked a ton of overtime. Paid down mortgage and bought a new to me car. Threw extra into 401k and savings. I had to go out at 54, both hands and elbows needed surgeries. My doctor urged me to consider retiring early - I couldn't go back to return to the job I was doing. **** Retirement is great! I was scared at first, but once I looked at my numbers, I realized I could definitely retire early. Being acutely aware of expenditures and where to scale back is instrumental. I'm able to take mom (88) every week for errands and lunch. (If I had remained married, I'd still be working until 70, maybe - ex was compelled to keep up with the Jones')

[@HappyonMonday]

@juliannetaylor9989 Wow good for you! My story is similar. I am also grateful for a new start! 😊

[@juliannetaylor9989]

@HappyonMonday I never, in my wildest dreams, imagined I could retire early. Thankful I was a nerd about always contributing (and increasing with overtime) to my 401k and minimizing expenses after the divorce.

[@HappyonMonday]

@juliannetaylor9989 You sound a lot like me! 😃

[@jennifer3551]

My mom passed away at 58 and was never able to enjoy her retirement or use any of the ss that she earned. This is one of the reasons why at 53 I'm planning to retire at 55. Just like you've already said, "I don't want to trade more $ for happiness."

[@HappyonMonday]

Oh that's so sad. I'm sorry. 😕I hear this kind of thing a lot! This is one of the reasons I wanted to retire early. We just never know how much time we have. 🙂

[@JuliesRichLife]

8% that is awesome. Cheers!

[@HappyonMonday]

It is! Thanks!! 😁

[@johnc4789]

Good to occasionally get a reminder of values and beliefs one should have. Thanks.

[@HappyonMonday]

You're welcome! ☺

[@CG92965]

Amen & Bravo! You nailed it in this one and while I love all your videos I think this one stands above the rest and delivers the life-saving message so many of us on the hampster wheel need to hear. You are doing God’s work and are such a blessing. Thank you!

[@HappyonMonday]

Thank you so much! That is so nice to hear! ☺

[@lost-south-lake-crafters]

Thanks, Julie, for this great video. I'm planning to retire in a few years by 62. My greatest fear is running out of time, I'm trying to pack in all the things I want to do even before I retire. I already hike several times a week.

[@HappyonMonday]

You're welcome! That's great that you are able to hike several times a week while working! 😁

[@woodsparker7902]

You can't take it with you! Leonard Shoen, the founder of U-Haul, had a unique request for his funeral. He wanted a U-Haul trailer attached to his hearse to symbolize that you can't take your possessions with you when you die.

[@HappyonMonday]

That's funny and very symbolic! 😀

[@elziemcmillion]

good info and great key point "uncertainty of how long we live"

[@HappyonMonday]

Thank you! ☺

[@jackiebowen6239]

Your end quote is a comfort, as I made an account change just before watching this. It feels good to be free of the indecision I've had all week about it. Now looking forward to the outcome. Eventually, action is required. I enjoy the uplifting and informative videos you make, Julie. Thanks! 💜

[@HappyonMonday]

@@jackiebowen6239 I'm glad! 😊 I love quotes!

[@finbo69]

I really enjoy your way of communicating such important topics. I retired at 55 from a pretty good engineering technical career. Been retired for 5 months. I was worried about boredom and loss of identity. So far I have kept busy with recreational activities with my wife. We joined a few sports leagues together. Instead of hiring contractors to do required maintenance in our house, I have decided to do some of the work myself to safe a few dollars and stay busy with projects around the house. The retirement portfolio has gone down a bit, but I am not too concerned yet. I waited until January to start withdrawals from my investment account. My wife and I are looking forward to a Mexico winter getaway during this winter. It has been difficult to switch from savings to spending mode.

[@HappyonMonday]

@finbo69 Thank you! Wow it sounds like you guys have planned well! Enjoy Mexico! 😊

[@cjhoward409]

$500,000 ??? Wow. I think that’s great ! I have nothing even close to that

[@HappyonMonday]

It was a lot of hard work for sure! ☺

[@DW...]

Great video! I'm tired of all the videos that say you need millions to be able to retire.

[@HappyonMonday]

Thank you! Less than 3.2% of people retire with more than a million dollars! 😁

[@daniellem5175]

Another great video and the quote! ♥So good!

[@HappyonMonday]

@@daniellem5175 Thank you! 😊

[@Coach2win]

I’m actually backwards planning like my lesson plans for when I teach. First I’m calculating my spending in my retirement years. Then, I’ll work backwards to plan how I’m going to fund it with teacher pensions, investments, and part time jobs during retirement. KZbin will be one of my retirement income streams. I have three channels and those will keep me busy during retirement. 😂😂😂 I have a camera tech channel, that’s already monetized. A fishing channel that not monetized yet with 2K subs. And, my gardening channel. I’ll have plenty to do during retirement income streams. I’m planning to live off of dividends too. Are you on the 4% rule?

[@HappyonMonday]

@Coach2win Wow 3 channels is a lot to keep up with! Good for you! Yes, I use a modified 4% rule. I will start with 3.5% for the first several years. 😊

[@Coach2win]

@ I see. Thanks!

[@leisure057blank3]

I fear the expensive health issues,but I retired anyway. The stock market has blessed me since then but … will it continue. I don’t think my assets would pay for 14 years in a nursing home.

[@HappyonMonday]

@@leisure057blank3 Good for you! It's pretty unlikely that you would be in a nursing home for 14 years. The average is 2! 🙂

[@Brad1237202]

Great, great video! Thank You!

[@HappyonMonday]

You're welcome! ☺

[@cjhoward409]

I know we’ll have enough to pay all the usual things like food, gas, car ins… but I don’t know about being able to save for another car down the road… new appliances, health care out of pocket costs etc 😯

[@HappyonMonday]

It's scary! 😬

[@FIRE_DrNinjaTurtle]

I just helped my first person with their money. She is 19 and wanted to get a handle on her money😊

[@HappyonMonday]

@FIRE_DrNinjaTurtle Oh that's fantastic! You must feel great! 😀

[@FIRE_DrNinjaTurtle]

I can’t believe that you touched on the topic of my next video ❤😂

[@HappyonMonday]

Great minds think alike! 😁

[@sylvialewis8503]

I will be retiring next year at 63.wondering if i should put my pension in a Ira or not?

[@HappyonMonday]

That's a good question. I would do a lot of research and ask a lot of questions about it! ☺

[@JD-tn5tb]

I planned so long for my retirement but yet didn't really look too far into the future after I retired. I was just so ready to jump ship because I felt my job was killing me (healthwise) and I was sick of so many changes at work but no training for it. I was also tired of the favoritism to younger people who could careless about the company and didn't feel like I was treated like I mattered. I thought I had about 2 years worth of living expenses saved up and I guess I thought I would worry about finances after 2 years. Of course I had 401k and investments but I really didn't think about how I would use that money. I love being retired and don't regret it for a minute but I also find myself worrying about money and health and the future of the country. I just think I have more time to worry. I'm pretty sure I'm financially ok but then, how do I really know. I have spent more money than I ever thought I would spend and I am a very frugal person...this is due to inflation. But I 100 percent agree about health and tomorrow and know I did the right thing. I would say if you retire earlier than 65 it's always nice to maybe have a part time job if possible.

[@HappyonMonday]

I feel like I probably extended my life by retiring when I did. I also felt that my job was affecting my health. A part time job or side hustle is a great compromise! ☺

[@freemanpankrat9225]

Retirement actually mean "living". You actually live , explore, see things around you. It shouldn't be work till you die.

[@HappyonMonday]

@@freemanpankrat9225 I agree 💯 😀

[@HaNguyen-dy6xq]

Not sure if you've addressed health insurance til 65?? That is my fear

[@HappyonMonday]

I have! I have several videos about that. 🙂

[@dazsaz]

😊👍

[@70qq]

🤘

[@HappyonMonday]

☺