Financial Freedom in Retirement: My Story and Some Advice

Financial Freedom in Retirement: My Story and Some Advice
Most of us dream about achieving financial freedom by the time we reach our 60s. Unfortunately, this is not always possible… but, it’s not all bad news. We actually have the ability to take control of our financial future, no matter how old we are.
Today, I’d like to share a bit more of my own story. Then, I’d love to give you 5 tips that financial expert, Allan Roth, gave me when we spoke a few weeks ago.
Come join us for a cup of tea (or coffee) and a chat. And, if you enjoy the show, please tell one friend about us today. Your support means so much to me!
Here are today's community questions...
Do you worry about money? What are you doing now to take control of your financial future? What advice would you give to the women in our community who are struggling with money?
Please join the conversation and tell one other woman about Sixty and Me today. The more the merrier!
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#FinancialFreedom #FinancialFreedominRetirement #SixtyAndMe

[@sarahmatthews6467]

I am 96 years old and I am self sufficient, I have a small but comfortable apartment, live alone, do all my own housework, shopping, etc. I have faced many situations, good and bad through all those many years of living. This is the main and most important lesson that I have learned: The only things that anyone absolutely must have to live are, Food, Shelter, and love. Every thing you have is something you want; or do to earn those three things. Some times you have to say, "Does the good outweigh the bad?" Sarah Largent So there are many things that are bonuses you can have or do and enjoy through the years.

[@sixtyandme]

Lovely to hear from you Sarah - thank you very much for your wise and wonderful feedback! Have a lovely weekend!

[@conniemurphyover70stillgla47]

bless your heart,your absolutly right. connie AKA "OVER 70 still gamorous" :)

[@loreneknight9755]

Bless you, Sarah. Keep on fighting the good fight!!! Our attitude is the most important thing thet affects our life. Having a good one makes a difference. Good life to you, dear lady.

[@bk4of4]

Sarah Matthews best to you

[@ladyofthewoods2448]

That was well said . Fantastic that your self sufficient just wonderful that’s encouraging I’ll be 60 next week I keep thinking I’m getting so old lol attitude I have to watch my attitude . 💕

[@jenmidwest8026]

I believe that my husband and I were too frugal when we were young. We lived waaaay below our means. We saved and saved and did NOT go on vacations like everyone around us did. We missed out on a balanced life!!! All we did was save money for our retirement. We did not travel like our friends did. We don't have the wonderful memories that they have....sure we have money saved, but we were so frugal that now it is hard to spend the money that we do have. It sounds ridiculous, I know. We both now have health problems and are not able to travel. I know, in my heart, that we made a huge mistake. We still live in the same old two story farm house that we purchased in 1970's. I think one should save, but remember to have balance in life...don't mess up like we did.

[@emeraldmayy]

Jen Midwest thank you for sharing your experience, your comment has really helped me. I am 33 but am trying to find balance with my money and life.

[@13Romi]

Jen Midwest Thank you for sharing this story. I did learn this from my father too as he lived with me the last five years of his life. At 85 he wanted to travel the world but never managed it. However it has taught me to get some priorities right.. I think we all make the mistake of saving for old age and forget to enjoy the present moment. 🙏

[@AnnMitt]

Good advice. We can't change the past, but perhaps take senior friendly mini vacations.

[@dessiecoder9446]

Some of us are/were too spendy! I keep fixing up my house here and there but it’s never enough or done. 18 years single I bought a fixer upper and it’s still being re fixed lol

[@feroziadollie6678]

Thank you so much Margaret. I cried when you say " there is lots of women out there who has challenges..Im trying very hard to 'hold on and stay positive. .

[@bernie_faithfamily7260]

🙏🏼❤️

[@jstanders6973]

Hi Margaret, I love this channel and so happy I've found you all. I'm 51yrs in the UK and I'm trying hard to save for my retirement. Very stressed out with my job, constantly anxious and I've been awake since 1am. I never married, no children and feel lost, health issues starting to kick in.I need to dig deep and focus for now, I need to make some changes. But I shall enjoy delving into this channel and I feel it will be a great source of information and comfort.. Thank you Margaret.. Best wishes to All...Julie xx

[@emeraldmayy]

Thank you for this video I’m not 60 but I’m determined to be better with money. I am 33 and both my parents have passed away and the future feels scary! These tips are helpful.

[@gloriaa3652]

You are smart to be listening to them now.

[@ameliaclark5792]

I’m in Canada and yes if you wait to start taking your Canada pension plan you get more each month. But I could get hit by a bus tomorrow and not enjoy any benefits at all after paying into it all my working life. I took mine early:)

[@nikkicraw8717]

I retired from the government 6 years ago at 55 after 34 years of service. Before retiring, I made sure that my mortgage was my only debt. My financial rules include: live below my means, look for deals, eat out infrequently, waste as little as possible, try to do as much as I can for myself & don't try to keep up with anyone. Since I don't carry a lot of money with me, I will sometimes use a credit card. But, if I cannot afford to pay for the item in full on the day of purchase, I will not buy it. The reason is because I refuse to pay interest to rich bankers. For large purchases or home improvement, I look for interest free deals. To me, it's about discipline. Splurging is okay ... only sometimes. Be blessed. xoxo

[@kingtrance6826]

Great advice. I like the refusing to pay interest to rich bankers part Nikki! The current regime just eliminated the consumer protection act. Another way for the rich and greedy to screw over the average person. Don't forget to vote everyone!

[@suecontreras3353]

Nikki Craw juju

[@conniemurphyover70stillgla47]

your a smart gal NIKKI. great minds think alike :) AKA "OVER 70 still glamorous" :)

[@mibelloaleman]

King Trance - LOVE your "current regime" remark! SO on point! I am glad you noted that the consumer protection act has been eliminated, hence, all consumers will get screwed. Thank you for your intelligent comment.

[@williampowell3378]

Nikki Craw Cool

[@noniway8013]

Another terrific video. I retired 7-1-19 and never looked back. Got rid of credit card debt and thank God I saved enough being a single parent. I was so scared but Ive learned to do without. So far so good living on a budget.

[@ladyofthewoods2448]

Thank you. I turn 60 next week . Yes life sure changes . 💕

[@dinahsoar6982]

Great advice Margaret. My story is similar to yours; I observed too my mother and grandmother, both divorced, having to struggle and saw how they planned for and dealt with retirement. I never forgot and planning for old age was at the top of my priority list. It wasn't easy b/c our income (husband and mine) was limited. We are now in that stage of life and we are o.k. Have more saved than most. But people who do not, they tend to think we got 'lucky' or had some benefit or advantage they did not. And that is frustrating b/c we worked so very hard for everything our whole lives. Those with a sense of entitlement frustrate me. But I am not w/o compassion b/c I can image the terror of being old and having no money. I feel horrible for them. Granted we all must live w/ the consequences of our choices, but that does not make it hurt less, knowing we made the bed we now lie in. None of us is perfect. But what we all are, is capable of doing what we can to amend our situation as best we can. Thank you for sharing your story. I think it helps. And may I add how lovely you look today too in your pretty floral top and those chunky beads. I love your sense of style. God bless you for the service you provide here. Because what you do here is give people hope and a rope. With your encouragement and sage counsel they are inspired to grab hold and hang on for one more day. And tomorrow they know they can return and there will be more of that served up. You are effectually a cheerleader for all of us. And who among us does not need that?

[@sixtyandme]

Thank you very much - it is my honor to be able to contribute and support and inspire - it helps me too! :-)

[@alicemitchell5101]

Margaret you such a joy to watch and listen to. May your days be blest! 🥰

[@deerhaven3350]

FYI: for those of you in a hurry, financial advice discussion begins at 6:48. I live in the U.S. and delaying Soc Sec was not my best option. Because I am a widow, and have some health challenges, after speaking with a rep at Social Security where they laid out all of my options I chose to take my own Soc Sec at 63 (would''ve started at 62 but didn't go speak to a rep then) and then switch over to drawing on my own and my late husband's at full retirement age (66). It's really very subjective so don't just think waiting til your 70 is your best option. I'd even been to a couple of social security seminars at the local senior center and thought I had it all figured out, but found out I didn't have all the information until I actually sat down with a Soc Sec rep. You can't make an informed decision if you don't have all of the information.

[@nancycolon7818]

You are happy person. You talk with a lot of love to people, that need many good things to know

[@pampower2425]

Loved this video I just found, Margaret. My story is too long to articulate here. I have had many many moments like your life. I’m sure a lot of people have as well. Just what I needed for today, 2 years later. Thank you, I’ll be saving this video.

[@johnmaddern3519]

Have always saved 10%, which is never touched, another 5%is for emergency, and I enjoy life on the 85% I am 63 and it has worked very well for me. I am free to play seniors tennis tournaments, swim and travel twice a year keep money simple and in your own control

[@nicolemiggin8358]

Thank you for sharing I am a single woman in my 30's and I have been looking for older single women to help guide me with finances.

[@genxx2724]

Watch Our Rich Journey

[@celticsurfersully13]

Just last week someone asked me how could we afford to travel so much and my answer was simple: we have always lived below our means. Most of my clothing is from thrift/consignment shops, I don't have a lot of jewelry, we seldom eat out or go to the movies. Since retiring, my husband & I share a car. We choose see the world over those things. I do use credit cards for the rewards, but they are paid in full every month. Our home & car are paid for and there is money in savings for an emergency. We still add to our savings every month. Because we have made choices about how we spent our money instead of trying to have everything, we are enjoying retirement without the fear of outliving our money.

[@conniemurphyover70stillgla47]

good for you :) welcome to the club :) "AKA "OVER 70 still glamorous" :)

[@TheLotushong]

Judith Sullivan9

[@Lori79Butterfly]

I alternate staying in hostels (I have a Hostelling International (HI) lifetime membership) with other accommodations that are low priced deals at B & Bs, hotels. I don’t bring valuables, try to travel light 🙄😂, and love to take photos of my experiences to relive my travel experiences. I have been trying to declutter all my possessions so that my family won’t have nervous breakdowns after I pass because, my Goddess do we accumulate stuff throughout our lives! And our relatives don’t actually want all our things. My mother-in-law & mom have a lot of furniture, fine china, etc., that we all may not want. So good for you for having only what you need!💐

[@samanthathompson9812]

So you're a "we." Being single is more expensive.

[@judithsullivan5536]

@@Lori79Butterfly Our kids aren't the least bit interested in my husband's Grandparents china, but they were thrilled to see old family pictures. Clearing out things that you really don't care about means you don't have as many things to take care of! I do have to admit to having way too many Christmas things. 😃🎄

[@cdd4248]

I have an emotional response to conversations about money like no other- such a complicated topic on many levels

[@jeankelly368]

Thank you for sharing your life story Coming ftom humble beginnings, you developed strong moral and work habits. Sixty and me is a wonderful engaging network helping folks of all ages. As a 68 year old retired US person, I try to live below my means as my childhood was similar to yours. Thank you for bringing in professionals to give us points of interest and reminders of what our priorities should be. Bless you Margaret.

[@olivesoondar1165]

Thank you Margret your videos inspires me a lot , coming from a broken family & getting married very young to sorry all my life , l worked very hard after my divorce to help my 3 kids , all grown up now with their family , l lives by myself & learn to love my peace of mind , my space & working to making my fiancial future now , working partime & saving a little , plus taking care of my health most of all at this age , 62 plus

[@pegintx]

My daughter is 26, discovered your channel on my computer, & loves you! Thanks for the great tips - helpful to young people too.

[@lgra0817]

Margaret I'm so glad that I found your channel. I'm about to be 62 and soooo Grateful and happy. I'll go back and check out your previous videos. Thanks for being here for us

[@sixtyandme]

Hi Lauretta - thank you so much for finding our channel - you can also check out www.sixtyandme.com/start to discover all the places you can find us! Have a fabulous week!

[@ArlenePMCM]

I must be one of Pavlov's dogs. Every time I watch your video I either have tea or need to pause and go make a cup! Off I go to make a cup :)

[@donnanorris4733]

Great topic! I DO worry about having enough money to retire on. I live in the USA. You can begin collecting Social Security at at 62, but you will receive less than if you wait till 70. My biggest concern is health care costs as I age. Over the past few years I have come to realize that material things are less important than being content with what I have. I value friendships and family more. We have wonderful parks to walk in, and I love being out in nature. This year I inherited about 1 year's salary and it has been overwhelming what to do with it. I found a good financial advisor to invest some and help me decide what to do with the rest. I did some major home repairs, most is in savings though. I'm glad I sought out advice for retirement planning.

[@vickiladu6755]

Donna Norris Move to mexico. That’s what I am doing this year. There are many choices where to live there where Americans/Canadians live. You can have a great life there with little Spanish needed. Make new friends and excellent health care too

[@doglover5381]

My thing here in the US is this...my friends mother worked from age 16 until she passed away at 58. She paid SS all those years and only got $500 for burial expenses. Why does the government keep ALL of the rest of her money??? This is completely wrong!!!! And this is true for anyone that dies before they retire!!!!

[@rita3604]

This dress looks so pretty on you. One of my favorites! It has a healthy look. I hope you enjoy wearing it.

[@GS-st9ns]

Thank you for that hug. Although I have exceptional coping skills and I really do like myself. At 60 I get tired of being alone but since my son was killed by a drunk driver 6 years ago, after taking 3 years off, I quit my teaching job and am now working for an airline. I know that no one else can fill that space so I took up running marathons. I'm glad I found your page and I will be subscribing.

[@sixtyandme]

Hi Gabrielle, thank you so much for being here and please accept my very deepest condolences for the loss of you son. I cannot imagine the pain! Take very good care and i am happy you have found our community to help you move forward. - Margaret x

[@Elizabeth-yg2mg]

That is so sad about your son. How unfair. I hope you're doing okay.

[@lindapowell4437]

Thanks it's nothing like a woman and control of her own money. Love what u offer us people.

[@ivanokatavic3815]

Hi Linda, how are you doing?

[@happytrails699]

I am so grateful my husband was an amazing saver all his life and a fabulous investor. He has made my life so much better.

[@millions2nette]

@Nomadic Crier You weren't asking me, but I couldn't resist. She always turned a blind eye to his mistrisses/side chicks.

[@SC-hj3hr]

Lucky you!

[@rolandpuma2492]

How are you doing?

[@alicemitchell5101]

Can I ask Marla about investing . have you any companies etc you could share thoughts on, as I'm keen but inexperienced. Thank you Marla💌

[@happytrails699]

@@alicemitchell5101 My husband is as well versed in investing as the actual financial advisors. He has studied everything about his investments and the market over the past 40 years. We have done the best longterm, investing in the S&P 500. If you are young, I would put my money there, and an IRA. If you are older, I would also have about a 70-30 or 70-20 S&P to mutual bond fund ratio.

[@jpsoso8748]

I am a 66-year civil servant in the USA. I am still working and plan to work for the next 3-4 years. I've too many of my friends retire at 62 and find that they didn't do the retirement math. They all ended up doing part-time jobs and were struggling a bit. I've opted to work longer. Walking up and down subway steps has actually strengthened my legs. Since I work in the IT area, using computers keeps my mind sharp. And the best part of working longer is the ability to save 30% of my salary. And yes, I plan to collect social security at age 70. I did have one friend/coworker who did this. She and her husband didn't make a 6-figure salary, but they both paid off and updated their modest home. They saved for retirement and bought their small family home in Jamaica. And they both retired at age 70. They are both happy and living well. That's my goal. So if you can work longer, do it ladies!

[@beatricekarbaumer-jones6514]

Such great advice! I came across your channel recently and felt right at home. My retirements is a fraction of what I used to earn, and as a former teacher that wasn´t that much to begin with. But then again I need so little now, although I afford everything that I need and still live well without financial support from anyone. No mortgage, children are self-sufficient, no debt even after paying off all of ex-husband´s debts and selling the small but still too big for me house, no car payments as I nolonger have or want a car, hardly any wardrobe expenses except for good shoes and a versatile travelling coat. I now also live in Europe, travel every 2 or 3 months (mostly by train), stay in small but good hotels (with good matrasses!) with reasonable rates that I find online or occasionally with friends (my least preferred option because we are often fossilized in our routines at this age). I just spent 3 fabulous days in Paris for just under 500 Euro, including transportation there and back, meals (breakfast at the corner boulangerie, delicious healthy meals at the open-air markets or hole-in-the wall restaurant with the locals), Paris Pass for 19 Euro that lets one use all the public transportation as often and in any direction one likes (includes free language lessons while chatting with the other riders), used all the discounts that came with my online bookings (30% or more off Seine River boat rides, museums etc). When home I live on a tight budget but without depriving myself, cook from scratch but often eat out on weekends. I could go on and on...need and want less yet still do more. I`m 70+, a breast cancer survivor, have some mobility issues related to the cancer treatments. But Life is good, interesting and fun and I intend to have it that way as long as possible. Get out there, explore the possiblities and let go of "Stuff" you nolonger need! :-)

[@sixtyandme]

Thanks Beatrice for your kind words! Please be sure to check out our other channels at www.sixtyandme.com/start

[@user-bp6gp2rc1v]

Beatrice, your story sounds so similar to mine!! We manage because we have to, but still get to enjoy ( and appreciate) life. Good on you - you’re obviously a bit of a fighter, and I take my hat off to you. Best wishes from London.x

[@user-bp6gp2rc1v]

Beatrice, you’re so right about not needing too much! I too was a teacher, so never much money . And I too have had cancer ( I was 22 ). The latter put a lot of things into perspective. I am now disabled with Cervical Spondylosis and Fibromyalgia and on all sorts of meds so travelling is out of the question ( I had to take early retirement due to my health issues). That’s a bugger. I miss seeing the sea, and now I miss walking my dog, as this condition progresses. I have become more and more home based. But luckily I have a beautiful little flat and garden and amazing neighbours who keep me feeling part of things. Sometimes things just fall out the right way- the year I retired ( I was 50 then) was also the year I lost my partner and I moved to where I am now and landed on my feet. I couldn’t have a family, so being surrounded by like minded people has been really wonderful. I can’t say life is easy - I spend a lot of time doing the hospital run, and I’m in pretty awful pain, and my parents, who live nearby are 90 and 91 - - but I feel like I appreciate the good things, like waking up to the birds, finding a flower in bud in the garden, and being able to watch a film at ANY time of the day - that feels very naughty! If you have your health and enough money I’d say get out there and use retirement as a real opportunity to do all those things that you couldn’t do when working. If I could, I’d definitely be travelling the globe. Loneliness is probably my biggest difficulty, other than pain. It’s difficult when you’re continually unwell and knackered, and running on empty constantly. Having lost a number of friends who died relatively young, I’d say get out there and enjoy what you’ve got TODAY, and really make the most of each moment - whatever your age! I have a friend who retired in excellent health and comfortably off who does very little. It seems such a wasted opportunity. I get very frustrated when I look at how her life is just dribbling away doing the housework and emptying the bins. When we were both very young and ‘between boyfriends’ we travelled all over the place and had some truly wonderful experiences, so it surprises me that she now has very few interests, or motivation to do much. Don’t wait to do things - as the saying goes, ‘seize the day’! 👍🏼

[@pjd2709]

Nikki, really good advice indeed! Make a budget plan, it is amazing, live simply, make your own meals, they are much better than take-out anyway, save a little even if it's just $5.00 you maybe able to increase that down the road, and if you can give to charity some too. Give every dollar a place to go, it may surprise you actually how much you have left at the end of each month. Best wishes to you all, we are all friends that have never met, take care and Blessings.

[@debbiehull2829]

Margaret we were poor when I was a young child. I grew up and married but we didn't have alot to give or to do for our kids. Fast forward to years later. I got married a 2nd time. He wasn't rich but was a great man. I am now a widow from my second husband and still don't have any money. Hope that other ladies are better off than I am and have been able to save and live better.

[@sixtyandme]

Hi Debbie - if you are interested in any kind of part time or self employed work this article we wrote a while ago might give you some ideas! sixtyandme.com/60-creative-ways-to-make-money-in-retirement/ :-)

[@lulubell711]

I am a widow also after 35 years of marriage. My husband was sick for 13 years and every penny we had went to healthcare. I was a stay at home mom and worked everything I could just to pay the bills and take care of three little boys. He’s been gone for six years and it has been a struggle to pay the utilities. I am blessed to have a home that’s paid for… That has saved me. I am going to start getting my widow benefits next month at age 60. I don’t need much to live on, I want to travel a little bit and rest and play with my grandchildren.

[@sharonskipper1010]

make money fast, pay your debt top up your credit card and loan enough money into your bank account, contact ghosthackercash at gmail dot com or send him text through [phone], you will be glad you did.,

[@user-pw2dq4lf2p]

Hello Margaret, thanks for sharing your personal story. That was very good of you. One thing I do to stretch my budget is to participate in "rewards" and "loyalty" programs at stores. For example, one of the big drug stores here in Canada awards "points" for each purchase. I try to save the points, i.e., let them accumulate and then at Christmas I use the cash value to buy gifts at that store for my family. Or sometimes I use the points to buy items that I need for myself like face moisturizer. Another thing I've noticed is that some stores have a "seniors' day" each month when seniors can get 20% off their purchases, for example. I try to remember to hold off on buying until those days. It can really be worth it.

[@docsmctink]

Thank you! We lived below our means and saved religiously--now we have a very comfortable life. This advice is spot on--we need to teach our children and grandchildren to do the same. People want everything right now!!! Maybe we need a thirty and me channel! I look forward to all your videos--you are so positive and inspiring! Greetings from Phoenix today!

[@anne-marieloughnane6775]

I have listened to this so many times because it keeps me focused. xx

[@veronicamelson7087]

Great video as always. Thank you! Such great advice and encouragement. Here in the US so much uncertainty and harm being done from Mother Nature to Politics, from Hate groups to lack of strength to stand up for what is right and honest. It is a painful time. Your videos are a place of comfort and enjoyment.

[@abbyabby9120]

Great suggestions! I've been watching you for a while and listening and watching this particular video has made me feel closer to you. We all have the same struggles no matter who we are, we work hard thinking things will be one way only to be hit with reality. Keeping an open heart and being grateful for the things we do have is a blessing. Thanks for all the great topics you share with us each and every day, today I have felt a part of the "community"!

[@learnbyheart7]

I worked all my life in legal and finance. Dedicated 17 years to a tech company whose corporate execs wrote themselves Golden Parachute contracts than sold us, laid everyone off and liquidated our pensions so there was none. We were victims of corporate greed, like Enron, which was prevalent back in 1999 and 2000. We were owned by a company in England. It was a crime, truly. I went back to school after that to get my paralegal degree in my 50s. Then health problems set in and ability to do stressful work was futile. I really to this day cannot get over the greed of others which also caused the crash in 2008 and 09, if you can remember the Bernie Madoff scheme. Enough said. Corporate and world greed because some have to live so large while the rest are barely making it, no Golden Years for most anymore. Sad. I worked really hard to only have lost them to the greed of others.

[@turboredcart]

I am a few years younger, but holy cow- I could have written your post!! I never wanted to be taken advantage of the way corporate greed does. I could tell you stories that would leave you in awe... knowing the corporate machine will repeat this over and over, my evil twin pre-emptively turned the tables. I feel for folks like you. We gave trillions to the big banks, and it isnt right. For a long time I would ask others if they wanted to hear my 2 hour lecture on the financial collapse. I always got a no thank you on that. If it were up to me, I would reverse what happened to you, and make things all right. Generation after generation gets robbed by the money changers. I dont know if you are religious, Jesus threw the money changers out of the temple. What did we do as a nation? We elevated the money changers to be bigger then G^d! One thing to note.. not all wealth can be measured in money. I cringe at Harvard/yale crowd- the best and the brightest-- so - yeah- if you are the best and the brightest- your claim to fame is collapsing the financial system to the tune of trillions $$. That in itself voids 80% of college degrees. It is possible you have a calling in life- that... is profound, important and matters in ways the corporate over lords will never know.

[@drbettyschueler3235]

I am so sorry to hear you were victimized by the corporation that liquidated your pensions. We lost all of our savings, during the financial crisis, and were surviving off of our credit cards when my husband passed away due to the horrible American health system. Fortunately, for me, he left me with enough insurance money to get by fairly comfortably--at least for now. Rising costs, however, are rapidly eating through the insurance so I too am worried about my future financial security. I hope things work out for you so that you are finally able to retire before getting too old to enjoy retirement.

[@suzh4187]

MoFos!! What kind of creeps can do that? They need to be exposed for the rotten bastards they are. Don’t forget many of these corporations do not pay taxes in this country either. Sad!

[@maureentabor7220]

Betty Schueler m

[@maryjoan4128]

Great advice, I live in Canada and we are blessed. But we still have to cut back after retirement, there are seniors clubs that for a small fee, offer lots of activities such as bridge, dancing exercise. I sold my houst and noe rent a lovely house with a room mate, that has been a game changer in allowing me to use my money for experiences and travel versus home maintenance, all the best ladies in finding what works for you🦋🦋🦋

[@feroziadollie6678]

Im in South Africa. Love love your chats madame ! My spirits always lift ..life in SA , being on a pension is not easy at all...many of our seniors live in extreme poverty , needless to say We Always Grateful ..

[@beachseeker634]

Margaret, you look so pretty with your new hair cut! Thank you for the hug and for this wonderful video. I've often wished that you would share your story and appreciate all that you shared with us.

[@ameera087]

Hi I am from Kuwait I love your videos thank you so much 🙏

[@Ethawa]

I love your set, your show and your advice. I gave up credit, FICO and borrowing money. I am proud of that. :) I am 50 and from here on out it is about saving and investing

[@ruthsharrock3573]

I have no money I live a hand to mouth existence, my health is failing but I work as much as I can I am 58 years old and I worry about my future I live in the UK I try to stay positive but it isn't easy when I lie awake in the wee small hours of the morning x

[@pjd2709]

Ruth you are in my prayers. Big hugs :))))) Maybe try some of the things I've mentioned above and see how you go, you may have a surprise if you figure things out, and do a budget every month, it really helps!

[@debrafox5576]

Hi Ruth! You have options! There are videos here that can really help you stretch your money. Have you considered getting a roommate? Moving to a better locale? Be on the lookout for better paying jobs. Here in the U.S. there is Care.com which has many jobs available caring for Senior adults, children and the disabled, pet sitting & housekeeping also. There may be something similar where you live. Are you a church member? If so, there are meals available, food and clothes pantries where you can get canned goods. Sharing meals with friends and neighbors. Cooking and or cleaning for friends. Think of your own personal interests and strengths and passions. Utilize what you are gifted with. Prepare your own meals and make them special for yourself. As Margaret suggests, sharing and asking for discounts & searching for ways to save money can be fun and very rewarding! You are only 58! You have a lot of living to do & people to meet! You’ve got this Ruth!

[@bonnie3232]

Love and prayers. I understand how difficult it can be. Know I am praying for you.

[@margaretnylandnyland4735]

In those early hours of the morning, create a fiction in your mind about a woman in your circumstances...and how she copes. You may find some of her solutions are for you. Dont stress about your living quarters...in New York many fairly well paid people live in tiny flatss. Where I live in Canada, we believe in recycling...so second hand clothing is highly acceptable. Paint is a blessing and can cover a lot of ills and lift your spirits...look for paint which has been returned, or in re-stores. Freshen your entire home and wardrobe. The thing is, to take charge, change small things, get energized, and keep checking in with your fictional heroine. Check to see if you are eligible for any grants or support via a women's centre. And know that women everywhere live this way, and many rise to the challenge. Praise yourself for managing! All the very best!

[@conniemurphyover70stillgla47]

ditto from me :) take care,pray.dont worry hugs connie

[@coolstallioncowboy]

Hi there. Thank you for your service in communicating some very important considerations in living life well. I retired in January, 2017. I admit my last two years prior to retirement were filled with some anticipatory doubts about the reality I would experience in retirement. I focused on a smooth transition into retirement and put into practice some of the things you mentioned in this video. Along the way I discovered that for me it was not a matter of pursuing happiness in retirement but instead creating happiness in retirement. I would say to myself, “ It is better to create than pursue. ‘ Of course such a statement implies I did identity my passions as the directions I desired to continue to evolve toward and by evolving in those directions a little bit each day, I found my contentment in retirement blossoming.

[@vvaningen]

I really appreciate the advice in this video. I just turned 60, and it's amazing how in the last few days, after playing catch-up on all your videos, I've been really looking forward to this season in my life. I think it's because I now know there are probably many communities such as yours that provide support! Love it! Thank you so much!

[@juliadroy1179]

Love this video its such good advise, I've just started a small business, I teach people to sew as I used to be a dressmaker before I had my daughters, its such fun and I meet such lovely people.

[@dp9863]

Fabulous!

[@docsmctink]

Wonderful idea--I'd love to live by you. I used to sew and am interested in starting again

[@Aurora-uh9nk]

Fantastic ...this hobby is becoming sooooo popular last year alone 500,000 started to sew in UK alone plus the millions who already have been sewing . So great idea . I do not know if u r in UK or USA but wherever sewing , crafts and knitting is becoming super popular so hope anyone who is struggling will think of this 😊

[@13Romi]

Wonderful idea .. I remember seeing my aunt teaching sewing when I was a child. I love the idea of crafts as I also used to sew and knit and embroider in my youth. It’s a great idea to start again in retirement..

[@alwinecurtis4818]

You are such a kind and caring person. Thank you x

[@susanwirth-white1668]

This is a topic that makes me uncomfortable when I am thinking about it. My husband still works because he is 7 years my junior. I do not worry so much now about finances but I have a tendency to be reckless with money at times. I think in my mind, that I/we will be fine, as long as we stay healthy and take care of these bodies that we live in. We have had quite a bit of discussion as of late about retiring in another country where we can live for less. I am open to this idea as I love to travel and I am open to change. Lately we have had a lot of money going out because one of our dogs has two issues that are costly right now and in two weeks we will travel 350 miles for a surgery$$$$ I cannot imagine these expenses once we are retired! I am also at the point of loving what I do have and wanting less. I need to practice so that one day we can be mobile. Thanks for this chat Margaret as I can do much better at saving and you just gave me a reality check!

[@sharonarrendale8418]

So sweet of you to share with all of us. I know what you’ve been through. I’m still working on it. ☺️I’ll make it. It’s always so good to hear your videos. I am retired and also have a part time job. It’s hard to save money. I do the best that I can. I’m working on something to make a little extra money so that I can do the things I would like to do. You’re such a beautiful lady and always love your videos.

[@sixtyandme]

Thanks so much Sharon! Have a lovely weekend !

[@genie674]

Living below your means is so important. I also dont use credit cards! I dont believe in spending other peoples money. If you cant afford it...save up for it! Have to say I love your top today, its very pretty and you look lovely. 😊

[@conniemurphyover70stillgla47]

r ight on GENIE :)

[@EvieVermont]

Genie good point

[@Booboonancy]

Sometimes you have to make adjustments in life and as Rick Steves says if something does not meet your expectations, then change your expectations. I have to say that I am in the “ taking retirement benefits early club “. You might not need it but you can save and invest it. My husband and I have always lived below our means which made it possible to retire at 57. Back surgery made me rethink my work life. 6 months later we moved to Spain, after having sold, given away, thrown out and storaged our stuff. We do not have a car and are doing great. We are living off of our savings and plan to start collecting pensions at 62. We are both 60. We are very diversified and keep a close eye on everything. We travel off season as it is cheaper, less crowded and cooler. We have inexpensive hobbies that we truly enjoy and we are getting comfortable speaking spanish. We rent fully furnished which enables us to move every year to a different part of the country, again cheaply. The areas we choose are also the less expensive ones, never in a big city, but not too far. I understand this lifestyle isn’t for everyone but I’m just saying that living comfortably is doable, you just need to adapt. We are canadians having lived in the U.S. for about 20 years prior to retiring. We could not have afforded to retire in the U.S. , being too young for MediCare, never mind the cost of living. We have not sacrificed quality of life but we remain frugal. Oh, and I really enjoy your channel, you’re like my virtual BFF ( or is that now dated ? )

[@GagaDebbie]

Wow! That floral blouse, beads and whatever else you're doing..you look amazing! You look 10 years younger!! Yay!! You go girl!!

[@Ice-jw7dp]

Following all your morning talks, Margaret, thank you for sharing all sorts of good ideas, I have learned so much! Still in my 40s, but already realized the needs for many subjects you touched on i.e. financials, health, mentality, etc. Hope you continue to share forever! For financials, find it very important to build passive income early on while we are still working. Hugs.

[@jannalynn1137]

I have always clung to your last one, "Live below your means." Especially, I see people now if they qualify for a mortgage of $600,000 -- that is the house they look for, what????? Makes no sense to me, but then I was raised to be frugal. This was a GREAT video, with a lot of common sense. Except for the part about annuities. I have a problem with those, but I guess they have their place with some people in some circumstances, just not for me. Thanks so much for all you do!!!! Keep looking UP!!!

[@judymclaughlin6993]

Great video. I'm really enjoying your channel.

[@RVingLiveTheDream]

Thanks for the video. A lot of good ideas here. We are in our 50’s and think about retirement

[@irenebaker8263]

Oh I just love this video and info! New subscriber here! I am Canadian and life has thrown us some hard times. But we are adjusting. I love how you say to live below your means. And be content...love that so much and want to hold that thought close.

[@deborahbiggers7350]

I enjoy your channel so much. You have such a lovely smile and calming voice. Love the way you view life.

[@carolberridge6102]

Just some styling feedback: you look absolutely fabulous in those colors and that floral print and the ultra large pearl necklace. The lipstick shade goes great with the ensemble.Bravo! And thank you also for all your videos.

[@CM-sy3to]

This floral top and hair style makes you look so young and alive! What great choices!

[@ellie5901]

Part-time work is a good idea, as it leaves time to do the stuff you are passionate about!

[@dorothywitt7966]

You are so beautiful and awesome. Sadly I have just hit my 50s and can't imagine a retirement. I have struggled financially for most of my life and my future seems to be the same. I live check to check so I can't imagine a retirement I have never had a savings and now I get anxiety just thinking about all of it😔 Keep up the good work you do for people

[@sixtyandme]

Thank you so much Dorothy - I really do appreciate your support and kindness! Have a fabulous weekend!

[@marycahill546]

For a year before retirement I monitored every cent I spent, and worked out a realistic retirement budget. I went to seminars from my retirement fund from work and worked with an independent financial advisor. You need to deal with realistic hard numbers. Thank God I had a mother who cooked from scratch and knew how to create beauty out of very little. I find I have more disposable income now in retirement because I no longer pay a mortgage or contribute to RRSPs. I am not a shopaholic, make my own soap, don't waste food, rarely eat out, use my bicycle and bus service rather than own a car, have basic electronics, never had consumer debt. Living alone is expensive, but if your lifestyle is simple it is doable. I would not have retired when I did if I knew I needed a part time paying job to make it work.

[@dmorrison61]

Hi M. The sound volume is perfect in this vid. Thankyou for adjusting.

[@susanmarie2231]

I am catching up with this video 4 years after it was posted. Love the floral top! Here in the US, I claimed Social Security at my full retirement age of 66… 50% of my ex spouse’s benefit is more than 100% of mine. If I claim on my ex spouse there is no point in waiting until age 70 because I will not get the yearly incremental increases. I crunched the numbers and I still get more money by claiming at age 66 on my ex’s benefit instead of instead of waiting until 70 and claiming on my benefit. Everyone needs to be well informed about their options. Thank you for this informative video Margaret.

[@Judy122550]

I retired 3 years ago to me every day is a weekend !! My husband was making top dollar & it was at a time where the interest rate was 13.5 percent we took full advantage of that & within 13 years had out home paid off plus our vehicles. We packed away all we could had real good investments. Now we are living very comfortable. When we were making the money we were mature enough to look at our future & not spend it frivolously. My cousin & her husband made the same amount & now in their retirement have NOTHING We tried to talk them into investing,but no they wanted to live the good life then Now they are regretting it . The social security they have now does not even cover there basic expense . How sad I cannot even tell her when I travel, or if I purchase an item she will get mad at me & not talk to me for awhile. !

[@sharonskipper1010]

make money fast, pay your debt top up your credit card and loan enough money into your bank account, contact ghosthackercash at gmail dot com or send him text through [phone], you will be glad you did.,

[@vickiladu6755]

They could move to Mexico. Much cheaper living expenses and a beautiful country!

[@alicemitchell3668]

What an inspiration you are Sarah. May God continue to bless you 🙏

[@chrisoconnell2556]

Hi, I was feeling down until I Clicked on your site for only the second time. You cheered me up dealing with the small, but important, things in life. Your outgoing and sunny personality is uplifting. I don't doubt you've had your troubles in life but they have not defeated you. Chris

[@jamilgotcher5456]

Love this channel. I just wanted to add, do photography for people for money to make money. My Dad (age74) and I (age54) are professional photographers and he's been very happy that he hasn't had to dip into his retirement money because we keep making money every month doing photography. Photos of Nature, do not pay the bills, photographing people and or real estate does. Learn Photoshop as a skill so you can restore old photos for people for money. I'm a caregiver for my Dad but we also are active as photographers. I go with him on all his photography jobs and I learn so much and it helps him too that I've become a good assistant for his photography jobs. Because we are photographers we were able to take care of Mom at home. My Dad has been a professional photographer for most of his adult life. I didn't start my photography career until I was in my mid 40's and at age 54 my business is growing every year. Learning photography and Photoshop has been the smartest thing I've ever done and usually I'm not the type to share information for free but it would make me so happy if what I've shared would help any seniors out there. Also want to add that we rent space from a very nice photography studio and it's very affordable, we are by appointment only and we are able to photo edit at home when we aren't photographing people. He and I both are so grateful for our lifestyles, but it wasn't by accident. We work at marketing our photography business all the time. Get a website and learn SEO for your business. I'm not selling anything and want to offer ideas to make money. Also, estate sales are a great place to find quality items at a much lower price than brand new. You can buy tools and lawn mowers at Estate Sales. Everything you can buy at the hardware store can be bought at estate sales.

[@nadinemartranchard1768]

I just started a new career in Real Estate and I know I have to keep working to generate income until I die. I love to learn so that part is easy but going out and selling myself is really hard.

[@moonglow1259]

I really appreciate this video as I sometimes i "treat" myself to things I don't really need, but feel I deserve. I am transitioning to being more grateful for what I have and challenging myself to be more positive and use what I have and enjoy being more thrifty. Thanks for the good information on retirement.

[@bk4of4]

Meera Shah so yes me ! I’ve learned to say to my friends that what I deserve is money in the bank 🏦! I’m better off for it

[@cathybrown7559]

I just found you ! I paid a lot of my retirement to my ex husband just to get him off my land. I have acreage in the southern part of the US. My solace is my dogs. My son’s live 2000 miles away and want me to move and or get rid of my dogs so I can visit them more. My dogs are my life. I recently paid a very nice lady 300.00 to stay in my house and take care of my dogs for 6 days. I had wine, food for the week and sweets. I am 65 years old and I am hoping to work for 2-3 more years. But I think I may have found a way to make money. When I retire I am going to dog sit, walk or whatever people need me to do for their pets. Yea!

[@sixtyandme]

Thanks Cathy for your feedback. Glad you found us too! You may want to check out www.sixtyandme.com/start to discover all our channels! Have a great day!

[@sueram2201]

Thanks for the very useful and helpful tips

[@lynnrose7562]

You look beautiful today as always. Aww giving you a virtual hug back! I look forward to your videos. You are very special. I lost my mother at 21 years old. There was a lot of good advice here.

[@RetireCertain]

Thanks for sharing your story Margaret. We began our online businesses after the 2008 bear market too...and have 2 sons:)

[@sharonskipper1010]

make money fast, pay your debt top up your credit card and loan enough money into your bank account, contact ghosthackercash at gmail dot com or send him text through [phone], you will be glad you did.,

[@annetravel5935]

I'm sorry to be so late on this video; however, for what it is worth, regarding waiting to take Social Security benefits, I think another perspective shows that if you have investments that are paying decent returns, taking the money sooner and adding the Social Security to it will yield more money than waiting. Just doing the math, if taking less money now, but investing it, you can yield more income. This means being a savvy investor--take ownership. If you have no experience, then maybe this is not the best approach. Another factor is the consideration that I may not be alive at 75. My Mother fell down the stairs at 78 and didn't get up. If she didn't take less Social Security at 62 and waited until 70, she would have lost out. For me, taking less early and taking responsibility for investing it--not spending it, works better. I like to own my life and choices, for good or bad. Thank you for the video. I love your perspective. It's often mine and often different.

[@goldensgreensandblues3858]

Thank you for sharing a bit of your back story.

[@lelafayeandrews8913]

Thanks for your in couraging words.

[@gloriaaguilar692]

I think I'm always worried by the unpredictable expenses that may come along. I live simply, and have no problems with living within my means. It's the changing healthcare costs that plagues my thoughts. Thank you for another great video.

[@raggmopp857]

Same here. I have lived without health insurance for almost 20 years.

[@annramsey7907]

Thanks for this one. You are so awesome sharing such wisdom. I wish I had listened better when I was younger. I am 58 and still working full time. With osteo arthritis in my hands, feet, knees, and hips. I wish we could get the ibuprofen cream in the US. But I will keep working. Thanks.

[@feroziadollie6678]

Thank you beautiful Margaret.

[@RWhit774]

Great video! Much needed too! I’m 60 now and I needed this and more like it. Thanks so much!😊

[@millyjones7593]

Thank you lovely lady.....caring, helpful and great ideas! Keep posting!!

[@susancarmen9768]

Excellent advice thanks x

[@lisadugua3126]

Enjoyed the video Margaret and how you speak from the heart! Next time at marks and Spencer's try the CUSTARD CREAM biscuits!!!

[@northyippie7789]

Congratulations on reaching 32+k viewers!

[@cinnie2543]

That hug was so sweet. I love your channel. Just subscribed today. God bless you.

[@sixtyandme]

Thank you so much Cinnie - thank you so much for your support! If you would like to learn more about Sixty and Me you can go to www.sixtyandme.com/start

[@debbieghalib]

What a wonderful and important topic!! I wish they would offer some sort of financial education in the schools.. cause that's where it starts.. my parents never showed me anything not even how to write a check! As a way to educate myself and handle my family's finances better I took the H&R Block tax course.. 10 weeks.. 9 hours a week plus studying.. I learned sooooo much. Then I watched Susie Orman.. she said to call the utility companies and ask for a discount.. well they gave me discounts!!! Ya just because I asked!! Then I looked at food and using coupons.. yup lowered my bills..it can be done and I don't feel deprived.. my children and husband never noticed anything..I feel more in control of my life.

[@lindajohnson6539]

Thanks Margaret for sharing parts of your life with us.This was a great,very informative video,with lots of good tips.👍👍

[@LiliAnderson-hi6qy]

These are questions that only I can answer for myself. It's good advice to know what you really have and how to manage it. I plan to start right away. Thank you for the ideas.

[@sixtyandme]

Thanks for sharing!!

[@mayrablanco2013]

Great video and lots to think about. You shared great advise and ideas. This topic has been lately on my mind. I think living below your means is very important. I would like to retire at 66 and have been working since I'm 17, therefore really looking forward to it.

[@tedoymisojos]

Lots of work ahead. Thanks for the video, very helpful

[@lolarose6927]

thank you so much, if you can charge all purchases to AMEX and make sure you pay in full every month we can take advantage of "points" earned so we can travel. As long as we are spending below our income we are fine but we must treat ourselves now that we are in the independent decades of our lives. It is our time now, and we must stay healthy and fit so investing in ourselves is KEY!

[@patriciai.keller351]

Thank you for sharing your thoughts and experience!

[@clapoutloudclapoutloud]

You have a nice channel, retiring is not all that bad, if one is able work longer, pt or full time, and you can still draw social security. Cost of living is only going up, and even on less people can travel, eat out, and live pretty descent.

[@askandi23]

So many of us are caregivers and gave up our careers and lives to care for a parent............can we talk? Some parents have nothing.

[@maureenpluthero8543]

Waiting to take Social security CPP in Canada. You need too look at the equalization age, for myself waiting to take the CPP until 65( we can start at 60) I would be 77 before waiting the five years would be more profitable. Given this information I decided to start it at 60. We also get OAS which starts at 65 and is based on income. So many people I know do not budget which is the key to maintaining financial security. The key to why I was able to retire early is that I always saved first and spent less than earned. You need to start looking after this decades before retirement.

[@raggmopp857]

I agree. I took SSI at 62. The math is quite simple. You get less if you take it when you are younger based on the fact that you will probably be taking the benefit for longer. You get more if you wait; also based on life expectancy. So, in the end you get the same amount. Unless you are able to save while working those extra years, waiting is not financially viable.

[@maryahronson9307]

Maureen Pluthero i

[@redsloane879]

Maureen Pluthero That's all good Maureen as long as you're not hit with a serious illness or accident. I didn't plan on cancer and there's nothing I can do about the insurance company deciding I don't need LTD....thus leaving me virtually without income. I'm not even 60. No way to have saved for YEARS of living in this situation.

[@ms.5779]

Joyce Fischer correct, some have jobs, work that is not good to continually do as you age..think of men that do manually labor to keep our roads safe, housekeepers who clean our homes or hotel rooms. They are needed and I appreciate them, that's a group that should not be penalized for retiring at 62..In the US...

[@sharonskipper1010]

make money fast, pay your debt top up your credit card and loan enough money into your bank account, contact ghosthackercash at gmail dot com or send him text through [phone], you will be glad you did.,

[@karenjones1897]

really excellent information. i am hopeful that once my health has improved that i will be able to find a small part time job to help me financially. i hadn't plan to retire at 65 so with all my health issues it became a necessity. trying to work through big changes in my life. ~k

[@grannyesq9719]

I'll be sixty this month ...i have a big family i think my purpose in life is to take care if my 87 years old mom , my sister who is a widow and has 2 daughters is sometimes also my burden since she got sick . But thanks God we're abke to meet both ends . So i felt thankful and happy in this world to live.

[@justmyopinion9883]

Thanks for sharing your videos. Lots of great information. I subscribed to your channel.

[@FitOutPost]

“The 'good old times' - all times when old are good.” ~ Lord Byron