How Not To Ruin Your Retirement - In 2023

It’s easy to derail your retirement, learn from our mistakes how not to ruin your retirement in 2023. We share some tips that have taken us a lifetime to learn.
Why don't you share your experience and stuff you have learned over the years.
We value your contributions in the comments section and look forward to reading them.
Retirement and financial smart decisions we share our best tips. #retirement
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[@33Jenesis]

My job (before retiring) was real estate tax related for a local jurisdiction. I lost count how many seniors I talked to who couldn’t pay property tax. The homes were free and clear, worth half to several millions market value. Because they were old without big social security income and dwindling retirement savings, they couldn’t refinance to get money from equity., I always told them to sell it and down size. The resistance was fierce. I have also field checked homes after long time owners died. The state of disrepair and how senior unfriendly the layout and topography was saddening. It showed me how difficult their last leg in life had been. One lesson I have learned from dealing with taxpayers is that after a certain age (say 75), change becomes insurmountable. They can’t adapt to a new town/new doctor, new life style, drastic possession purging, etc.. If the house/condo you own is the biggest asset and retirement saving, if your home is going to trap you (due to mobility issues in old age), don’t wait. Plan your move to an age in place home before you are muddled thus at the mercy of your children (need help). After you cash out, don’t let your kids talk you into loaning them money or investing in their schemes.

[@ThisIsOurRetirement]

You are so right Jen, being trapped by your house is serious, at the time you need mobility aids you can’t afford them. In Canada some municipalities are offering deferred property tax to be paid from the estate. The problem is if you can’t do the maintenance the million dollar home in today’s value that was bought in the sixties ain’t worth a million. Quality of life in retirement make the decisions while you are still vital. Thanks so much for sharing your thoughts.

[@caroleanne8529]

jen3329 Also, do not let adult children talk you into selling your house and giving them the money to buy a large house for you to live with them. That seldom works out and when the parent decides to move out to an apartment, they are penniless.

[@AndyCColeman]

Thanks Jen - that is fantastic information! I had thought change would be harder at a certain age (my mother in law is 85 and we are seeing that). Property taxes are definitely a concern. Here in Texas, while we don't have income tax, our property taxes are very high. Our 2 story home will eventually be senior unfriendly also - something for us to keep in mind. I really appreciate you sharing your real world experience.

[@ThisIsOurRetirement]

Thanks for sharing 🍷

[@ThisIsOurRetirement]

Happy New Year Andy Cheers 🇺🇸🍷🇨🇦

[@jackimyers9364]

I was an insurance lawyer. Here's another recommendation: Get new auto and homeowner's insurance every several years with a different insurance company. You will probably pay lower rates. I insured two cars with one insurance company for 4 years. Reinsuring them with another carrier this year, I will pay $540 less in premiums.

[@ThisIsOurRetirement]

Great tip 🚗🏡 Jacki thanks for sharing we did that couple of years ago and saved a lot when we changed Cheers 🍷🙂🍺

[@westcoastnikkih]

Only 1 option here in BC unfortunately…ICBC

[@valerieparr4454]

Best advice I ever got was as a university grad I should check into a certain insurance provider. We have saved thousands on home insurance as a result of one simple internet look up and phone call.

[@joannewynn4431]

My mother told me when I was a young adult that I should always have a credit card as the primary account holder, to build credit but also incase something happened to my husband. I lost my husband almost 3 years ago (in my early 50’s) and I am grateful that I had that card as the primary account holder plus all our bank accounts as joint accounts. A much easier process during a horrific time. 💔 I hope people will listen to you about it.

[@ThisIsOurRetirement]

That was great advice Joanne from your Mother. We are sorry about your loss.

[@grandpa_eric]

Hey there 👋Norm & Tina, you have such great advice! Some things we do now, others need action. A few things we do to save are 1) Make our own coffee in the morning, and if we go out, take it in a travel cup- we never go to big bucks Starbucks. 2) Regulate the thermostat and reduce energy consumption- we wear cozy fleece in the cool months, and short & t-shirts in the hot. 3) Combine errands and make one outing to save gas. That’s all for now. We enjoy your insights each week. Thank you so much!

[@ThisIsOurRetirement]

Looks like you have some great tips Eric thanks for sharing we hope you are having an awesome weekend Cheers 🇺🇸🍷🌺🍺🇨🇦

[@Jane-xt4lu]

Thanks for those tips. Here's one: don't make drastic changes in your lifestyle and location without a very long test run. I bought a house in a different part of the country after retirement, but I'd lived here before. However, I know many people who only made a one day visit with a real estate agent at the height of summer - and now complain about the rain, miss their friends and family, but say they can't go back because prices are too high...or someone who bought a new boat to live in the Caribbean after a 1 week stay on land: no planning for hurricanes, the extremely cramped conditions, lack of sailing experience - lost a huge amount when trying to sell the 3 year used boat, and nowhere to come back to...be sensible and spend lots of time testing out the lifestyle, renting for a year, say, before burning your bridges.

[@ThisIsOurRetirement]

So true Jane thanks for sharing have a wonderful weekend Cheers 🍷🌺🍺🙂

[@septemberprice3652]

That is very good advice. When making a big change, like moving into retirement, it's easy to paint a very rosy picture of some brand new lifestyle in your head. But, I , also, have seen many people lose a ton of money paying for that mistake. Test drive the lifestyle change before you buy!

[@NorthernLibrarian]

Excellent comment. I have 3 former coworkers and 2 neighbours who followed their dreams of moving to cottage country. Summers are beautiful, winters are challenging. Several found you are never truly accepted by the year round long time residents. 4 became widows within a couple of years and found they couldn't deal with living there on their own and had to sell and move back here. They also mentioned that the lack of close major medical centres in cottage country made their spouses illness extra challenging. One lady didn't know how to drive so was totally stranded far from family, friends and transportation. Do a full season test run if this is your retirement dream.

[@ThisIsOurRetirement]

Great advice 🌺

[@ThisIsOurRetirement]

Wow thanks for sharing Susan sometimes you think the grass is always greener but then it’s not 🤔

[@MrGman2804]

My tip/advice to people is to set up a power of attorney while you are well and able. My parents have had a bad time in the past year with mum having a stroke. Dad is 92, and mum is 83, but they had not set up any power of attorney. After mum's stroke dad was too upset to think about setting up a power of attorney in the first few months. This meant I was unable to do even basic things for either of them as regards managing their affairs or paying bills etc. We have done it now, but I would strongly recommend in retirement to choose someone, either a son or a daughter or someone you trust dearly, and get it all in place ASAP. You can decide when it kicks in, but don't leave it until you are in an emergency. Get it done while everything is stable. You then have peace of mind that should the worst happen, people can act for you without hindrance if you ever need it... which you may not ever need....However, if you do need it, and you have not done it, it is a total nightmare for your loved ones trying to help you out. I imagine the court processes are very similar in both the USA and Canada to those we have in the UK. You don't want your loved ones to have to do it that way. It is a total nightmare.

[@ThisIsOurRetirement]

Wow thanks so much for sharing it’s strange how so many people don’t want to think about what could happen in the future and don’t appoint POA or indeed lots don’t even make a will 😱As we get older we should all face these decisions to make it easier if and when medical things happen . Have a great weekend Cheers 🇬🇧🍷🇨🇦🙂🍺

[@MrGman2804]

@@ThisIsOurRetirement 👍😉

[@minoozolala]

@@ThisIsOurRetirement I suggested that my parents get everything in order once they were in their early 70s. They took my advice and composed a letter to the 3 children with information about all their assets, who managed their investments, exactly where in the house their bank account, etc., details were, POA and Executor info, their funeral director (they bought their funeral lots and paid for their funerals beforehand), a list of everyone they wanted notified in case of death, with addresses and phone numbers. They informed us about their DNR forms. They also wrote out the bare bones of each of their obituaries so we could just fill in a few more details. Every few years they would update the letter. It was tremendously helpful. Even so, one of my brothers started to steal cash from my father after my mother passed. I had to spend thousands on a lawyer to keep him under control but it protected my father and his assets. One must be extremely careful about who one chooses as a POA and never make decisions without notifying someone else. My brother manipulated my beautiful parents to make him sole POA and sole Executor of the Will just a couple of years before they passed, when they were weak and ill (the lawyer stopped my brother from forcing my father to change the Will). It is shocking how some people change when they smell money.

[@sct4040]

I don’t agree to having only joint accounts, we have set up beneficiaries on all our accounts. As a working woman years before legally married, I will always have my own accounts and credit cards. With the divorce rate at 60%, we need to protect ourselves. Unfortunately, not all husbands are keepers.

[@The0Patt]

Totally see your point. My parents, although never divorced, maintained separate accounts. My dad was a drinking man and my mom needed to protect herself and the family etc.

[@ThisIsOurRetirement]

Thanks for sharing agree you need to protect yourself but you also have to trust your partner as well , have a great weekend Cheers 🌺🍷

[@gregj1241]

Or wives...

[@jerrystpierreofficial]

Trust. Combined money signifies high trust. We have been married 20 years. Ask I have is hers. All hers is mine. We are one. Great advice!!!

[@tertur2957]

My lady friend and I have been together 40 years. Always had separate accounts with each other as beneficiaries and split all expenses 50/50 and have never had any money problems.

[@juliemarkham4332]

Good tips! Another situation (which happened to my 87 year-old mom) is when "one purse" is only in the husband's name.

[@ThisIsOurRetirement]

Oh yikes Julie thanks for sharing have a wonderful weekend Cheers 🌺🙂🍷

[@NorthernLibrarian]

I insisted on getting my own credit card when I got married because when my grandfather died in the 70's my grandmother suddenly had no credit and could not get a card of any kind. I keep a limit of $2000 on it for safety reasons and use it for all our online purchases. You have to watch though because the bank is always trying to increase the limit. We find that going out for lunch costs much less than dinner for the same food and you can walk right in and get a table. We stopped buying alcohol when out decades ago because of the high prices. I have ice water and my husband orders Diet Pepsi. Two years ago we stopped drinking alcohol completely and don’t miss it at all. I am cheap and would rather spend the money on my hobbies.

[@grandpa_eric]

Brilliant ideas!! @Susan Barkley Going out for lunch to save on dinner rates, watching out for increased credit limit, and not drinking alcoholic beverages- I’m with you, almost 🍺 I have one occasionally.

[@ThisIsOurRetirement]

That’s great Susan what a great idea for online buying ! you were ahead of us all have a wonderful weekend Cheers 🍷🌺🙂

[@glennet9613]

I read in an Australian newspaper recently, but it probably applies everywhere, that credit card companies don’t accept applications from people over 65 and so people with a second card on their spouse’s account can’t get a credit card if their spouse passes.

[@ProjectFrugal]

Have a vegetable garden and fruit trees. Not only is it a good excuse to go outside and get some exercise, you get to literally enjoy the fruits of your labour!

[@ThisIsOurRetirement]

Love that! thanks for sharing have a wonderful weekend Cheers 🍷🍎🥕🙂

[@jo-anne5123]

Nice Tshirt, Norm! I saw Aerosmith when they opened for Mott The Hoople at Massey Hall in 1973. They were so new, their name wasn’t even on the bill and my friends and I thought that Steven Tyler looked like a young Mick Jagger. 😂

[@ThisIsOurRetirement]

Thanks Jo-Anne, wow that’s great have a wonderful weekend Cheers 🍷🎸🍺🙂

[@darrylmcleman6456]

Great Advice Once Again!I ran out and bought a "New to me "car on boxing week sale! $1000.00 off! Turned out it needs a Catalytic converter.$1500.00-----$2000.00!!! OUCH. Go slow! CHEERS

[@ThisIsOurRetirement]

Happy New Year Darryl have a great weekend Cheers 🥳🥂🌺

[@sandihunter1260]

In our condo if you need a ride to the airport there are a number of retired people that will take you or pick you up. They just do it to be neighbourly. We try to keep our heat off even during the winter during the day and at night turn it off and sleep with flannel duvet covers and sheets. I have always had my own credit card, with a great credit score but we also have one joint credit card and bank accounts.

[@ThisIsOurRetirement]

That’s wonderful Sandi we are about 90 mins from the airport so the taxi works bit far to ask neighbours. Our building this year is so hot 🥵 we are sleeping with the windows open HaHa and we don’t pay for heat ! have a great weekend Cheers 🍷🙂🌺

[@LS-id5hc]

Buy an electric blanket, really warm and so cheap to run. Really popular in the UK also halogen ovens are a third less electric.

[@ThisIsOurRetirement]

@@LS-id5hc Also get an Airfryer so much quicker and cheaper to use 🌺

[@ddavidson5]

I totally agree with the "one purse" idea. We've used that approach for our entire marriage (just over 40 years so far) and it is so much easier to manage finances rather than trying to juggle who pays for what. It also happened that later in my career I earned quite a bit more money than my wife but as it was one account all the money was "our money". If either of us earned more then we both earned more. It may have nothing to do with it but all of our friends that kept separate accounts throughout their marriage are now divorced. One thing I do is call my long time cable/internet provider and ask for a better deal. They always offer a good discount for a fixed term, often 2 or 3 years, and I write the deal expiry date on my calendar so I know when to call them for the next deal. They certainly won't tell you when your deal ends and they'll bill you at the regular rate until you notice it's gone up by $50 a month or more and you call them again. You don't have to take their first offer either and you may be able to squeeze another $10 or so monthly out of them, it's worth a try anyway.

[@ThisIsOurRetirement]

Great comment thanks for sharing, we do the same with internet trying to get them to roll back increases, generally it works well. We are fans of the forum in Canada Red Flag Deals and keep an eye on the “hot deals” forum, some great tips from fellow viewers. Have a good Sunday and thanks for watching.

[@gailbrown9379]

Good idea, thanks

[@gkennedy2998]

If I may suggest, it might be advantageous to call your service providers annually to ask for a better deal or rate on your services. Making a toll free call to your insurer or phone company or utility company could result in a nice discount on your monthly expenses. Never hurts to ask.

[@ThisIsOurRetirement]

Totally agree with you have a wonderful weekend Cheers 🍷🌺🍺

[@broniaciarniello5234]

Hi Norm and Tina - another reason to have a second credit card is when travelling. While travelling solo in Europe several years ago my credit card was hacked, leaving me with only my bank card to access funds for the last week of my trip, which included payment of a hotel stay that had been booked with a now cancelled card. 😱 Lesson learned. I always have an 'emergency' card on hand while travelling now! Enjoy your content!

[@ThisIsOurRetirement]

Thanks for sharing Bronia as you said lesson learned we have all had those moments Cheers 🍷🙂🍺

[@kenmcclow8963]

I have been using a shuttle bus to go to and from the airport which often saves money over airport parking. They have been extending light rail closer to my house, so some time after I die the future owners of my house will be able to just take a train to the airport. I had always planned to sell my house when I retire and move to a cheaper house or condo, or just try to AirBnB places for a month each, but the real estate market seems to have changed rapidly, so I might keep the house another year or two after I retire and do fix up project with my free labor

[@ThisIsOurRetirement]

Thanks for sharing Ken have a wonderful weekend Cheers 🍺🌺

[@wmbrice]

Love your little chats. Thanks!

[@ThisIsOurRetirement]

You are so welcome! have a wonderful weekend Walter Cheers 🍺🙂

[@michaelfriedman2221]

Happy New Year Tina and Norm!

[@ThisIsOurRetirement]

Happy new year Michael!

[@SpectralightPhoto]

Save even more when you go out to dinner by skipping dessert. We're always too full after the main meal to enjoy the over-priced dessert. You can always have some something nice at home for a fraction of the cost if you really need dessert (like ice cream!)

[@ThisIsOurRetirement]

That's a good idea! thanks for sharing Cheers 🙂☕️

[@barbiec4312]

Thank you as usual.

[@ThisIsOurRetirement]

So nice of you Barbie thank you!

[@RobinJacobi]

Thanks! Such handy advice as always!

[@ThisIsOurRetirement]

Thanks so much Robin we really appreciate it you are very kind 🌺

[@patsycathcart1]

You folks give the best and most practical advice. Thank you so much!

[@rocioocampo8735]

Great tips Thank your Norm and Tina

[@ThisIsOurRetirement]

Our pleasure! have a great weekend Rocio Cheers 🍷🌺🙂

[@BoldandGraceful]

Brilliant advice!

[@ThisIsOurRetirement]

Thanks Grace hope you are well and we wish you all the best for a great New Year Cheers 🥳🌺🥂🙂

[@kytacomaguy]

Such great wisdom! As always Thanks Again

[@ThisIsOurRetirement]

Glad you enjoyed it! have a great weekend Cheers 🍷🌺🍺

[@carolnavan4137]

Great T-shirt, and great advice!

[@ThisIsOurRetirement]

Thanks Carol🎸have a wonderful weekend Cheers 🌺🍷🎸🍺

[@cherylkern3288]

I have found that in most marriages, one person is responsible for paying the bills. It is very important for the other person to learn how to pay the bills. Also, make sure each of you knows where important documents are, such as life insurance policies, and how to collect on said policies.

[@ThisIsOurRetirement]

Yes Cheryl very true thanks for making us aware of this.

[@yvettefluehr493]

As usual great advice. Love the shirt Norm❤

[@ThisIsOurRetirement]

Glad you like it! have a great weekend Yvette Cheers 🍷🌺🍺

[@scott1441]

My wife and I have always had separate investment and checking accounts for the sake of independent financial freedom. We both earned income and shared our passcodes to all accounts, and it’s never been an issue in our marriage and have enjoyed a successful retirement

[@ThisIsOurRetirement]

Thanks for sharing Scott.

[@pensacola321]

We go after credit card points very aggressively. Had cash back of about $1,500 last year. Of course I pay no interest... never assume that your insurance company is your friend. Shop your Auto and homeowners etc insurance at least every two years.. drinks or dessert in a restaurant are a dilemma. I can afford them, but I do hate paying those prices. I tend not to. We always enjoy your Saturday morning videos.

[@ThisIsOurRetirement]

Thanks so much, we are like you can afford this stuff but do we want to be fleeced. We both appreciate your support it means a lot.

[@SandraClarke]

Great video! Hello again from Mississauga. I'm 58 and semi-retired, hubby is 63 and 100% retired. We always planned for Gary to retire early because his job (pressman) was so physical. The plan was to retire at 62 but our daughter Emily (27) died from heart transplant complications when Gary was 62 so we decided not to make any changes in our lives for a year. Because our 23-year old son Evan has disabilities we opted not to sell our townhouse and instead leave it to him so that he'll be comfortable living in the only home he's ever known. We have an off the grid cabin near Haliburton. As we age I'm finding the cold winters hard. I have several health problems. I'm looking into trading our cabin for a Florida property. Gary's brother retired in Florida. We LOVE Florida. I'll never 100% retire. ADHD me. We stopped dining out. Restaurants have gone downhill since covid. We keep live simple. Have a great weekend. Sandra

[@ThisIsOurRetirement]

Thanks for sharing Sandra , yes the winters are harder as you get older that’s why we are looking to go to warmer places for 31 days at a time . If we go to Florida for say 3 or 4 months the travel insurance is very high in comparison. Have a wonderful weekend Cheers 🍷🌺🙂

[@grandpa_eric]

Best wishes, Sandra. We lived in Florida for a year- leased at The Villages Lofts of Brownwood. It was pricey but carefree. We moved to Lewes, Delaware because property taxes are minimal and there is no sales tax, lovely climate, and very Senior friendly-plus we’re closer to our grandkids; 2 hours rather than 2 days away. We found Florida too hot & humid & buggy. Best wishes and good health in the New Year! Oh, and I remember the Canadian winters. We lived in Mississauga as well. I was a paper boy. Yikes!!

[@ThisIsOurRetirement]

Thanks for sharing Eric it’s hard to find a place to go over the Winter 🥶 Cheers 🇺🇸🍺🇨🇦

[@kinerskorner1]

Another informative video Tina and Norm-Thank you!!

[@ThisIsOurRetirement]

Glad you enjoyed it Kevin!

[@Frank-nh9fe]

Tip for your lunches. In some areas, one can hire a cook quite reasonably to come to your house and prepare the meal (and/or teach you how to prepare the meal). Much more fun than a restaurant. Lower cost if shared with 2-3 other couples.

[@ThisIsOurRetirement]

Awesome idea Frank thanks for sharing this.

[@benguenther1162]

Great advice as always. Thanks

[@ThisIsOurRetirement]

Our pleasure! have a lovely week Cheers 🍷🙂🌺

[@e5man4her]

Great vintage shirt Norm.....Rock on!

[@ThisIsOurRetirement]

Thanks John have a great weekend Cheers 🍺🌺🍷🎸

[@user-tq1ut7gd2n]

Excellent advice, guys ! Thanks !

[@ThisIsOurRetirement]

Glad you enjoyed it!

[@nancyjorgensen7253]

Two or three couples have dine around meals at one another’s home. Eating out has become a special treat.

[@ThisIsOurRetirement]

Yes you are right Nancy and often the meals taste better too LOL 😂😂Cheers 🍷🌺🙂

[@barbaracarr17]

My husband and I don't eat in restaurants very often. When we do go to one, we go at breakfast or lunch time. It's so much less expensive than dinner! The dinners are usually too heavy and too much food anyway.

[@ThisIsOurRetirement]

Totally agree Barbara prices are less at lunchtime today we are going out for a Thai lunch with friends 🍜Cheers 🍷🙂

[@charlesburkhart800]

Love the stories you add to your good advice.

[@ThisIsOurRetirement]

Glad you like them! have a great weekend Charles 🍺🌺🙂

[@jimbertrand2499]

Great tips!

[@ThisIsOurRetirement]

Thanks Jim, great to hear from you today!

[@clivelangham435]

Well done you two. Love all the smart advice. Keep it up.

[@ThisIsOurRetirement]

Thanks so much! have a great weekend Clive Cheers 🍺🌺🍷

[@cann9155]

AWESOME TIPS guys Thank you!♥♥♥

[@ThisIsOurRetirement]

Our pleasure! thanks for watching have a great week Cheers 🍷🇨🇦🙂

[@rachelwalsh4378]

Great tips Tina & Norm 🏴󠁧󠁢󠁷󠁬󠁳󠁿 🇨🇦

[@ThisIsOurRetirement]

Thanks Rachel hope you and the family are well Cheers 🍷🏴󠁧󠁢󠁷󠁬󠁳󠁿🇨🇦👍

[@sheilaenglish3293]

I came back to the Ottawa airport once in the winter. My car was encased in a thick layer of icy and snow. 😩 I took a taxi home and had to go back the next day to deal with it.

[@ThisIsOurRetirement]

Thanks for sharing! ours was covered in snow yours was ice LOL 😂 have a great week Sheila Cheers 🍷🌺🍺

[@HaywoodHomestead]

Love you guys so much! I’m behind on your videos. 😞 Happy new year!!! 🎆🎈🎊

[@ThisIsOurRetirement]

It doesn’t matter watch them when you can LOL 😂Happy New Year Cheers 🥂🥳🌺

[@kathysarmiento4652]

Good advice as per usual Norm & Tina! Happy New Year!

[@ThisIsOurRetirement]

Our pleasure! Happy New Year Kathy Cheers 🥳🥂🌺

[@ryanm7171]

I sorta disagree with you regarding the one purse idea early on. Once you have established your marriage and by the time you are retired, I do agree with you. Unfortunately so many marriages end, and each person should have a few thousand dollars set aside just in case something goes wrong and they get kicked out. I have seen people, many times women, often find out there joint accounts are cleaned out once they are separated. At least these people have an emergency account to help them out, paying for accomodations, lawyers, etc. This emergency account doesn't have to last forever.

[@ThisIsOurRetirement]

Do you not think Ryan perhaps that if you have an account set aside for when things go wrong you have entered into the relationship knowing that you have a back up plan that perhaps causes the problems in the first place 🤔Have a great weekend Cheers 🍺🌺🍷

[@ryanm7171]

@@ThisIsOurRetirement Maybe I am biased because I studied family law and saw these things first hand. Remember your grandparents came from a generation that believed in and made there marriages work. In a better world, with honourable people, I would totally agree with you.

[@ThisIsOurRetirement]

Thanks for sharing Ryan 🌺

[@RickyMitchell-hz4id]

Thanks for the work that you do on these videos!

[@ThisIsOurRetirement]

Our pleasure glad you enjoy them Ricky Cheers 🍷🌺🍺

[@dancurran8977]

Thank you for the tips. Nice tshirt Mr. Norm

[@ThisIsOurRetirement]

You bet Dan thanks for watching have a great weekend Cheers 🍷🙂🍺

[@brianwhite1189]

Great episode, and I learned a new word, palaver. Thanks and have a great weekend!

[@ThisIsOurRetirement]

Excellent! have a great weekend Brian Cheers 🍷🌺🍺

[@youngrc212]

Thanks for the videos! I think health and fitness is another thing that often gets put off too long. I think of the phrase "use it or lose it" and also "it's much easier to stay in shape than to get in shape." I want to maintain my physical abilities as long as I can in order to do more and enjoy more later in life.

[@ThisIsOurRetirement]

Yes without health we have nothing, we love your quotes so very true.

[@miked1102]

Heard a new saying from a 91 year old at our gym today. Rest equals Rust.

[@teresasummerville2686]

I enjoy your videos so much! Tina, this color tee shirt looks great on you. Definitely love it when you wear autumn tones.

[@ThisIsOurRetirement]

Glad you like them! thanks for liking my top Teresa I like the colour too have a wonderful weekend Cheers 🍷🌺🙂

[@dineshgordhan4783]

Very good advice on 2nd credit card & on credit rating for your partner. Thanks

[@sudburydrone466]

👍👍✌️. Great advice again. Always a pleasure to watch your videos

[@ThisIsOurRetirement]

We appreciate your support thank you 🍷🌺

[@darylbenson9682]

Thank you for this channel Norm & Tina. It's helpful when you include chapter breaks in the timeline. Enjoy your experience and delivery.

[@ThisIsOurRetirement]

Glad you enjoy it! have a great weekend Daryl Cheers 🍷🙂🍺

[@presactly8258]

The one purse idea only works if it is a seperate account. I gave my wife access to my account, which she used. When bills came in there was no money.

[@ThisIsOurRetirement]

Yikes 😱sorry to hear that 🌺

[@phildodd5532]

Excellent information, guys ! Thanks and stay healthy and safe ! 🤠

[@ThisIsOurRetirement]

Glad you enjoyed it Phil have a great Healthy Happy New Year 🥂🥳🌺

[@ruthtorphy2204]

Great tips and s good laugh. Tina’s shirt is beautiful also.

[@ThisIsOurRetirement]

Glad you enjoyed it Ruth thanks for liking Tinas shirt (that was bought in Portugal 🇵🇹)have a great week Cheers 🍷🇨🇦🇵🇹

[@dlg5485]

Paying certain expenses annually instead of monthly is such a smart and simple way to save a bit of money. I know I should do this, but never have for some silly reason.

[@ThisIsOurRetirement]

It’s free money lol

[@mariconor242]

Yes! I do this for car/house/life insurances, disney/apple+/Prime (got rid of netflix as they didn't have an annual pay option). I divert the costs of all into a bucket account each month so that I don't get hit with a surprise cost one month.

[@lauraporter3434]

Your stuff differs and is refreshing! As a single almost-retired woman in the US there are some big differences, yet I’m getting new ideas - Tnx.

[@neildeboy1]

Internet credit card - great idea - thx

[@ThisIsOurRetirement]

You're welcome Neil!

[@radarman2011]

I love the credit card idea!

[@ThisIsOurRetirement]

Isn’t it a smart idea 💡 have a great weekend Cheers 🍷🌺🙂

[@mashacamashaca877]

Taking a cab or Uber to the airport could also save you from missing your flight if for example you get into a (minor) accident (or a breakdown) on the way. It’d be easier to just order another cab/Uber rather than dealing with yours on the side of the road.

[@ThisIsOurRetirement]

Great point Mashaca thanks for sharing Cheers 🍷🌺🍺

[@AGhostInTheMachine]

Here in the U.S. it does improve the 2nd cardholder's credit score. Another option for security when buying online (or anywhere)...some banks offer the feature where you can create a one-time use 16-digit cc number that expires after a purchase is made, then the purchase shows up on your primary (real) cc statement. That way a hacker, etc can't grab the number and use it since it no longer exists after the initial purchase. Or, some credit cards can be turned off/on using an app, etc so you would only turn it on when needed.

[@ThisIsOurRetirement]

Very interesting Theo thanks for sharing hope you have a wonderful weekend Cheers 🇺🇸🍷🇨🇦🍺🌺

[@grandpa_eric]

I never knew that, Theo; about the credit card purchase- like disappearing ink! Lol. Great idea.

[@davidthom9159]

I agree about the restaurant drinks, also if you have the willpower forego desserts. A piece of pie or cake can easily cost $6 or $7. You can buy a whole one for just a bit more and enjoy it at home with friends.

[@ThisIsOurRetirement]

Great idea David have dessert 🍰 at home way cheaper have a wonderful weekend Cheers 🍺🙂

[@whyme5024]

Excellent tips a lot of folk don't even think about.

[@ThisIsOurRetirement]

Glad you enjoyed it have a wonderful weekend Cheers 🍷🌺🍺

[@AnnMitt]

During the pandemic shutdown, I learned how to color my grey roots at home with store bought color. Since 2020, I only go to the hair salon a few times a year for a haircut. I calculated that DYI is saving me close to $900/year. 😁

[@ThisIsOurRetirement]

That’s great Ann guess there are some pluses from the Lockdowns LOL 😂Cheers 🍷🌺🙂

[@RetiredLovingIt]

Great tips Norm and Tina! We think a lot alike when it comes to money.

[@ThisIsOurRetirement]

Thanks guys hoping you are enjoying a lovely weekend Cheers 🇺🇸☕️🌺🍷🇨🇦

[@annanufrio4468]

such great tips

[@ThisIsOurRetirement]

Glad you like them! have a great week Anna Cheers 🍷🌺🙂

[@nikij.6058]

Hello! I suggest splitting plates while out to dinner as well as always ordering water! Also select the highest deductible on your car insurance your payment twill be less. Buy gift cards for eating out at Costco, you’ll save money for a drink! Cheers. 🎉

[@ThisIsOurRetirement]

Great ideas Niki , we have had a couple of restaurants go very funny in Portugal 🇵🇹 when we asked to share a dish ! have a wonderful day Cheers 🍷🌺🙂

[@twotipsytravelers6701]

Great video as usual. One thing we do with our points card , in addition to paying everything off every month, is to wait until there are multi-points days, e.g., 25x the points on a certain day. We are at the point where there is nothing we need right away. Any extra fun item can certainly wait. Last summer we bought kayaks on a Canadian Tire 20x the points day. The amount of points paid for an air fryer. Nothing makes us happier than getting something for free! Take care Norm and Tina!

[@ThisIsOurRetirement]

That's a great idea! waiting for multi point days hope you both are well and having a great weekend Cheers and Happy New Year 🍷🙂🌺🥳

[@billyrock8305]

Happy New Year! Another wonderful video! Although decades away from from retirement, you guys offer wonderful advice! ✅

[@ThisIsOurRetirement]

Wonderful! hopefully as we are older you can learn tips that will help your future Billy Cheers 🍷🙂🍺

[@mikewatson2034]

Some great tips, we have talked about some of them but haven’t acted. Your video inspired us to action. Love the new set and great to see the rock t-shirts are back!!! Look forward every week to your videos.

[@ThisIsOurRetirement]

Awesome! Thank you! have a great weekend Mike Cheers 🍺🌺🍷

[@karryhuston1321]

Always great advice...thanks Tina and Norm

[@ThisIsOurRetirement]

Our pleasure! have an awesome weekend Karry Cheers 🍷🌺🙂

[@ThisIsOurRetirement]

Glad you enjoyed it

[@deborahnicholson6053]

Still enjoying your Saturday chats, love to hear your perspective on things! I hope you are both well and enjoyed Christmas and NY. Ours was very nice but low key - my mum isn’t keeping well which has been quite a worry. Dxx

[@ThisIsOurRetirement]

Sorry to hear your mum isn’t well hope she gets better soon Deborah we had a nice time over the holidays thank you , wishing you a better 2023 have a nice weekend 🏴󠁧󠁢󠁳󠁣󠁴󠁿🍷🇨🇦🌺☕️

[@55karenina]

Wonderful advise, and you are wonderful I didn’t learn anything,I just learning now,I am 70 ha,ha, better late, than not at all. Thank you

[@Dutchy-1168]

One thing that really bothered me was the bank’s conversion fee for changing my US purchase to Canadian ‼️‼️‼️ Those fees really add up , so I try and take cash now…not purchased at a bank …but at an independent money conversion shop

[@ThisIsOurRetirement]

You are right Andy banks do charge quite a lot, there is an FX bank called wise that is very popular.

[@christopherbarker976]

Hi Tina & Norm happy new year some more great advice I think if you can have some extras you should treat yourself keep the good work up Regards Christopher Barker 😊

[@ThisIsOurRetirement]

Happy New Year Christopher we are working on those little treats , perhaps a better flight ✈️ maybe Business to Portugal 🇵🇹 would be amazing. Have a great weekend Cheers 🇬🇧🍺🙂🇨🇦

[@soniamoss734]

We have always had joint accounts for about 80% of our pooled income and have always budgeted our lifestyle based on that 80% including joint savings. The last 20% gets directed to respective personal accounts for each to do as they wish. It has worked really well for us in 38 years of marriage. We are generally careful with our money and over the years (especially in the earlier years), whenever we have been faced with an unexpected expense or loss, one or the other of us has been able to 'come to the rescue' because we had these separate (off the books) resources. It always feels so good to be the rescuer and so loved to be rescued.

[@ThisIsOurRetirement]

Thanks for sharing Sonia sounds like a great plan that works for you hope you have a wonderful weekend Cheers 🍷🌺🙂

[@Kritiker313]

Tina and Norm you have a nice channel going! I enjoy tuning in each Saturday to hear the advice you give and about your travel adventures. I like your advice about getting a second credit card with a set lower limit and I might just do that myself. My advice to credit card holders is to keep a watch on your credit limit. If you have good credit history, the bank that holds your card will reward this by raising your credit limit without necessarily telling you. Of course you can contact your bank and they will cap your credit to whatever amount you specify.

[@ThisIsOurRetirement]

Thanks so much we are glad you enjoy our channel and appreciate you watching we hope you have a wonderful weekend Cheers 🍷🌺🍺

[@ramonapolanco7462]

Hello friends! Happy New Year 2023 🎉! Happy-Healthy year to al! I love all your videos about retirements planning. Thank you ❤❤

[@ThisIsOurRetirement]

Our pleasure! have a Healthy Happy New Year Ramona 🥳🥂🌺

[@1CelloOne]

Thank you for your advice and life experiences! I will be retiring within a year and I have learned so much from you!

[@ThisIsOurRetirement]

You are so welcome! we wish you a great retirement Cinderella 🥳🥂🌺

[@balletstef]

I get a friends and family discount on NCL, because my good friend has an important job there. I cruise when I travel, because I can get such great deals. I pay for everything in advance on my debit card: airfare, transportation to the ship, specialty dining, and tours. That way I stay in budget, don't need to carry cash, and I have a fabulous time!

[@ThisIsOurRetirement]

That is awesome! have a wonderful weekend Stephenie Cheers 🍷🌺🙂🚢

[@theneverendingjourneyoflif1482]

Thanks!

[@ThisIsOurRetirement]

Thank you so much we are so humbled by your support

[@theneverendingjourneyoflif1482]

@@ThisIsOurRetirement It is just Susan and I way of saying thank you for your online efforts. We look forward each week to your videos. If you lived in Nova Scotia I bet we would become friends......just a feeling! :)

[@ThisIsOurRetirement]

That would be nice it’s great to be kindred spirits 🌺

[@ceciliapetrowsky2572]

Yup. Drinks add up. I used to order ice teas until I saw $3 & $4! The markup is insane. So it’s water now. I have to tell you about something I just recently learned about credit cards. You said that Tina wasn’t getting credit for being on your credit card. However I just learned that people are adding their children as authorized users on their credit cards so that when they become adults, your credit score becomes their credit score. It sounds crazy but it’s true. Maybe you could address this in another video.

[@ThisIsOurRetirement]

Wow Cecilia haven’t heard about that not sure if that’s good or bad 🤔will look into it have a great week Cheers 🌺🍷🙂

[@evadeanu1]

Wise advice as always! We started paying our yearly car/house insurance, property taxes yearly rather then monthly and what a relief has been knowing the monthly income stays intact until we spend it. It’s so easy to budget as well.

[@ThisIsOurRetirement]

That’s great Enid paying this way works for us too have a wonderful weekend Cheers 🍷🌺😎

[@Northern_Squirrel]

Happy New Year Tina and Norm🎉 . Hope 2023 is going well for you so far. You have touched on a number of great tips. Most of our accounts are joined with the exception of RRSP and TFSA where we designate each other as beneficiary for RRSP and successor holder for TFSA. This is important so the surviving spouse doesn’t have to pay capital gain tax. Have a great weekend and enjoy the relatively warm weather here in SO.

[@ThisIsOurRetirement]

Happy New Year too! We have done the same as you in regards to RRSP $ TFSA as these savings plans are aimed at individuals. Thanks for watching and have a great weekend.

[@mikimotomikimoto]

Hi there, you are so great as usual .......😀😀😀

[@ThisIsOurRetirement]

Thank you so much 😀 Cheers 🍷🙂🍺

[@barbaragullap3789]

Hello Tina& Norm sorry I missed you last week but I came down with Covid thank God the worst is over ,thank you as always for the very good advise I am surprised how many I am already doing, the one big exception is downsizing I am leaving New York and my tiny tiny apartment to my retirement home I bought in Las Vagas 10yrs ago.my mortgage is a third of my rent,I did look into selling the house but surprise surprise the rent in Vagas have gone up so much that a one bedroom is more than my mortgage, so the house is so much cheaper even with up keep for now .That's how things are in America I pray they will get better for all of us.A very happy New Year and good health &wealth

[@ThisIsOurRetirement]

So sorry to hear you had Covid Barbara we hope you start to feel better 💐sounds like a great plan you have for your retirement we wish you all the best for a Healthy New Year Cheers 🇺🇸🥂🌺🙂🇨🇦

[@cherrybb3888]

Great advice Tina and Norm. My husband started taking a car service to and from the airport (ours is an hour away) as he has flown recently for family business out of state. He reserved a service as well at his destination. Works beautifully. Also, in our state we have seen a huge uptick in car thefts, specifically at airport lots. Have a great week!😊

[@ThisIsOurRetirement]

Love that! thanks for sharing Cherry have a wonderful weekend Cheers 🇺🇸🍷🇨🇦✈️

[@tconnely6437]

I really enjoy both of you each Saturday! I am 57 years old here in Arizona. You provide valuable information that I haven’t thought about until finding you both. I thank both of you very much for sharing your lives and information with all of us each week! 😃

[@ThisIsOurRetirement]

Our pleasure! we hope you have an awesome weekend Cheers 🇺🇸🍷🍺🇨🇦🌺

[@tconnely6437]

@@fjohn8985 thank you for the referral, John! I will definitely check it out! 😃

[@kathysheeran6589]

Brilliant advice -2nd card for online purchases ❤️❤️❤️ thx Those hackers ugh. But we have to share what helps all of us. Thanks. And happy healthy new year

[@ThisIsOurRetirement]

Glad you enjoyed the video Kathy Happy New Year to you too Cheers 🥳🍷🌺🥂

[@poges]

I didn't know it would be a problem until I divorced and then moved out on my own to find all the companies like hydro and phone service wanted a deposit as I had no credit score. That was a shock. So now I'm on my second relationship and I have everything separate, bank acct, cards, etc. Good tips guys. I'll have to think about the second credit card with a low limit.

[@ThisIsOurRetirement]

Sorry to hear Rhoda that you learned the hard way , for years we had no idea 🤷‍♀️ about this , glad you are well organized now have a wonderful weekend Cheers 🍷🌺🙂

[@candyboyer]

Great advice! You two are very color-coordinated today, like a golden glow 😉

[@ThisIsOurRetirement]

Oh thank you! have a lovely weekend Candy Cheers 🇺🇸🍷🌺🇨🇦

[@thegrimmperspective]

Don't let the smaller credit limit give you a false sense of security if hacked. If your credit card account has actually been hacked, the hacker(s) will simply just request a credit limit increase. At least here in the States, if you can prove that you or any additional card holder didn't make the purchases, you will not be responsible for the payments.

[@ThisIsOurRetirement]

Thanks for sharing have a wonderful day Cheers 🇺🇸🎸🍺🇨🇦

[@IamaDutch-Kiwi]

What a lovely cheerful sunny picture you both painted wearing those lovely t-shirts. Oh that double Credit Card option sounds a great idea. I only use mine for traveling or online purchase so I wouldn't be served having two. I upgrade the limit when overseas and reduce it again when I get home. That passport issue was a problem indeed - I was due to have mine renewed in New Zealand - then Covid came and I couldn't journey there at the appointed time. Thankfully there is a secured website I could access to 'do' the passport application myself. It came to me through the NZ Embassy in London. Drama averted. Phew! Now I'd renew it even months earlier if I am unsure if I'd be back in NZ in time. Annual payments are indeed a preferred way to go. Totally agree. However, make sure the annual payments don't all fall in the same month. Love the lunch /water tip and the transport to the airport. We actually leave ours on a private property and the owners drive us to the airport and pick us up from the airport on return. Their car is warm and by the time we get into our car we have re-adjusted to the outdoor temperature. Happy Weekend both of you. 👍🎉🍷🇳🇿🙋‍♀🇳🇱

[@ThisIsOurRetirement]

Thanks for sharing a lovely comment Anita , we do enjoy the taxis to the airport although haven’t done that for the last couple of years hopefully this year we will be back to that . Hope you have a wonderful weekend Cheers 🇳🇱🍷🇨🇦🍺😎

[@Frank-nh9fe]

Senior discounts! Almost every company offers them. Be sure to ask. Review your insurance policies carefully. Are they really necessary? If so, can you lower the cost with a high deductible? Price check annually or bi-annually to keep the companies honest.

[@ThisIsOurRetirement]

Great advice Frank, we do have a higher deductible and only insure the necessary.

[@danielsemyck7683]

Thanks for the information! Are you planning to travel anywhere soon?

[@ThisIsOurRetirement]

We have a couple of medical appointments to take care of first Dan , have a great weekend Cheers 🍷🙂🍺

[@debbied9997]

Love your advice; everything said is so on point. We never let our passports expire either mostly because we want to be ready to travel whenever we see a great price.

[@ThisIsOurRetirement]

Glad it was helpful! have a wonderful weekend Debbie Cheers 🍷🌺🙂