How to Squeeze All the Juice Out of Retirement | Riley Moynes | TED

Despite common belief, retirement takes more than financial planning. And while you may be beyond ready to go on permanent vacation, you also have to psychologically prepare for when the novelty wears off. Riley Moynes explains the four phases of retirement and offers a framework for how to avoid the inevitable pitfalls of taking it too easy in order to help you make the most of your golden years.
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[@tonygomes7626]

I hope I can get to phase one. I am 55 and my wife and I are very worried about the future. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. My condolences to anyone like myself retiring in this crisis, it gets tougher by the day.

[@robstark7161]

@Nate Carson I think it's especially difficult for retirees and near retirees, I know to focus on the long term but the anxiety when you're supposed to be retiring is exhausting. I wouldn't mind looking up your advisor please, I've been looking into hiring one as well.

[@michelleowens2432]

@Nate Carson These FA's usually outperform and make great returns, my problem is their service charges are usually through the roof and take a reasonable portion of your returns. Is this the case with your FA too?

[@michelleowens2432]

@Nate Carson thanks a bunch for clearing that up, I searched with his name on the web and came across his site,.. thanks again!

[@kirsteenluna5617]

Move to a cheaper country for awhile and save your money, worked for me lol

[@kerrysuii8959]

It really sucks. Try to get a side job in retirement maybe?

[@lambro3001]

I medically retired from the military in my 30s, and even at that young age, his description of retirement is dead on accurate. I went through each one of these phases and I'm currently still on phase 3 years later. Here's to making it to 4!

[@ShiningEyeBrigade]

Good luck to getting to phase 4! But at least you are on a path of striving, I think!

[@Splinter.00]

I’m 63. Thank you for this video. I was on the fence regarding retirement and now I know what I want to do 👍🏻.

[@jaapongeveer6203]

I went right to phase 4. I knew the date of my retirement and I had a plan well in advance. I bought a guitar for my mind (now have 3), I bought a sea kayak, backpacking gear and a bike (now have 3). My plan was to be physically active, including 3 days pumping iron, so as to stand the best chance to stave off the long decline to where it would ultimately go. I'm still busy executing that plan 15 years after retirement.

[@lucynodarse1979]

I believe those phases applied as well to moms who have been raising their kids for years and when they are gone it seems like a retirement process for those mothers.

[@user-ns5uk6rn6z]

Best way to plan for retirement phases is to plan to teach and become a mentor to others..in jails, schools, in hospitals etc..share your wisdom acquired through life...not complicated...start a vegetable garden and swim everyday for health 😇

[@bobainsworth5057]

I've been saying since I was 20yrs. old , you have to have a hobby when you retire. Not one you can only do in one or two seasons. Ex: fishing, golf. 10 yrs. Before I retired, I realized you need at least two hobbies because your hobby becomes your job and everyone knows, all work and no play makes Jack a dull boy. I like your phase four because it gives you the opportunity to learn more , one should never stop learning, but there is something else for phase four, volunteerism. So you get self worth from helping those who need help, and continued joy of life that comes with that and you take the opportunity to learn new and wonderful things.

[@JavierCiriloPedro]

Excellent analysis of retirement and excellent advices! Congratulations!

[@bahriddintursunov8242]

thank you for all the suggestions thank you very much

[@dlanska]

Very well thought out and presented. Very useful ideas. Thank you.

[@pensionandapassport]

Thank you for this. It really hits home, Im at phase 2/3 transition.

[@ligiasommers]

Amazing talk and very helpful 🙏🏻🌹✨

[@ayasarsour2860]

Amazing, thank you very much ✨️

[@Akasan]

I thought it was the Natureboy Ric Flair from the thumbnail. WOOOOOOOOOO!

[@fatumabalinda]

One of my best motivational talks 👌👌👌👏👏👏

[@ForAnAngel]

My retirement will be ALL phase 1. I can't wait!

[@brett4264]

Good advice from someone who's been there.

[@user-nv9hy6nl8d]

I think that ideas discussed here are also applicable to hypothetical situations predicted for our future when computers and robots replace most of the workforce

[@SanzAlfredo]

Hello. I'm sorry but I don't speak English so well to express my opinion about de video, so... continúo en Español. Es uno de los mejores TED que he visto. Me retiré despues de 28 años de trabajar en la misma empresa. En Marzo 2022 comencé con lo que describe el orador. Creo que la fase 1 me duró unos 45 minutos... Me encontré con las 3 D en la Fase 2, y en la Fase 3 decidí volver a trabajar pero en una pequeñísima empresa, donde somos solo 15 personas. Empecé a escribir, a cantar, a nadar, y sigo en Fase 3. Les avisaré cuando llegue a la Fase 4. Sorry for my Language. I'm learning English as part of Fase 3. Greetings from Argentina. !!!

[@wonyoungkoh309]

I am not a retiree, I am in my twenties. But, I don’t know how, But I feel like I have retired and going through these phases myself too. I gave up in some exciting career path earlier in my teens. And since then everything I do in my adult life is to somehow turn my way back to it. And make it to “Phase 4” Wish me luck

[@ScubaSteveCanada]

Unlikely. You haven't even started your life. Come back in 50-60 years and then you will know what it's like to retire.

[@AbdallahBotan]

I'm in my 30's and this talk made me get excited for my retirement. Awesome sir Riley.

[@3lazawa2ak20]

You are right

[@rashedrayen]

“Don’t be pushed around by the fears in your mind. Be led by the dreams in your heart.” Keep smiling you will Succeed, sharing some love with ya all.

[@sarahcashmore6736]

Everyone needs a purpose in life. Retirement to me is not retirement of work but retirement from the constraints of being employed by a company. For my retirement I strive for freedom from constraints but not freedom from responsibility or purpose. I see myself having a small niche business that I've dreamed of all my life but haven't had the time to fulfill. I don't ever see myself retiring from work just instead working to my own beat.

[@3lazawa2ak20]

Now I am retirement after five year but I am still continue working help my family for passion our life due crisis in lebanon

[@johnkim1000]

gotta show this to my Dad

[@ginasuarez1766]

That all happens if you do not have an idea of Who you are. You are NOT your job, please open your eyes and minds and see all the great possibilities you will be surprise to finally know you.

[@damiankim3928]

The video I watched was about retirement and talked about by Riley Moynes. Riley Moynes was a bit of an old-school presenter as he talked in a way where he would mention the present and then a bit of the past in story mode. He would also converse to the audience in a way where he would ask questions in a rhetorical way. I like that he did that as it made us think about what he was saying and it would lead us on to what he was gonna talk about later. He would also bring up some examples on the screen, showing evidence and proof of the details he talks about which exemplifies his argument of what he is trying to present. I think the body language was okay as there was some movement to the point it didn't feel like a monotone video. However, I feel like there could've been a bit more in order to capture the audience's attention and feel as if it was bland. I think there was a bit of lack of humour except for a bit in the video, but there were some multimedia which I think spiced up the presentation.

[@Elizabeth-rq1vi]

His presentation was fine, it works very well. We don’t need bells & whistles to be engaged, often a simple talk without a lot of elements is more impactful than those with a multimedia presentation.each has their place.

[@3lazawa2ak20]

Meaning retirement as screw its and let's do it

[@lothardamsch616]

Been retired since ‘04. Never once left phase 1😝

[@viljaangelica]

The meaning of life is love. By giving unconstitutionally, we receive. We just need to find our way to distribute it into our societies. ❤️🍎🐲

[@johnbee7729]

One needs much more than $$$ for a happy and 'successful' retirement. Neither does one need to do anything important or significan to anyone but yourself. My retirement started with a cross country move just as Covid became a thing. It was the best thing to happen and I am so thankful for Covid occurring. We were forced to find ourselves and our new location. It has been a great ride.

[@themanwnoname3454]

2022(G) “Respect and dignity.” Furthermore:

[@hhhh-bp8zc]

Who can explain for me about means of "retirement" ?

[@CoolGirl007]

Feels like you are talking to me Thanks sir i probably going for adventure at 70... Hehe 😄

[@shrnx.__]

Nice one 🤍💫

[@ProfessorJayTee]

Why retire? Get a job/run a business you love where you can work until you drop. That's what I'm doing. Screw "permanent vacation." It's boring. The longest I've ever been able to tolerate doing nothing is less than two weeks. Yeah, you could just do a hobby, but do like I do, and make it one where people willingly pay you to do it for them!

[@solvingpolitics3172]

Yes, don’t choose a job or career that will retire you. Choose one that won’t lay you off.

[@naheem]

Good for you mate

[@brabenetz]

You don't do it for the money because of the money. Instead you do it for the money as satisfying proof for what you do has value!

[@broddr]

Studies have shown that the people who live the longest & healthiest are those who either retire early or work till they drop. Early retirees typically have found something they really love and want to do more of, and “never retirees” are typically already doing something they love. It’s the people who’s retirement means they lose their primary purpose in life are the ones who die early in retirement.

[@Cathy-xi8cb]

Because things happen where you are still living but unable to work. You need to prepare for that rather than assuming that your work will continue and then you die right away. Gerontologists know this is rare.

[@_vofy]

What retirement

[@poopootin3652]

Retirement Tsunaami 津波　🌊

[@gasaxe6056]

Hope you know they spent the pension $. Much of what is happening in this world is over the pension funds.

[@AppleCinnamonAri]

As if I’ll ever be able to retire in this economy lmfao

[@LieveLeysen-Discover-]

💖✨😇

[@warrencanonigo]

Retire while you can still.travel.without using a cane.

[@Cathy-xi8cb]

I had wealthy relatives who waited until their pile was truly massive to travel in style. They repeatedly got ill on vacation. One nearly died. I was taught to travel when young, not old. Did that, and have no regrets.

[@varshavyas6234]

:D

[@SyntheticFuture]

Hi millennial here. What the f*ck is a retirement?

[@Roo7_MrSir]

Hi, well what the f*ck is a millennial?

[@SyntheticFuture]

@@Roo7_MrSir we are the boomer clean-up crew. Basically the generation that will take the brunt of the hit of the failing economy.

[@zacharypotvin6579]

It will be taken away by the time we are 65. Then I'm killing people in the street. Lol

[@potapotapotapotapotapota]

The best way to squeeze the juice out of retirement is to store up your treasures in Heaven.

[@kevinth66]

Sounds like SOMEBODY should have spent more of his life finding meaning somewhere OTHER than at his JOB. Work is not the be-all and end-all of life, dude. Sorry it took you and your generation until retirement to figure that out, now sit down and shut up with your complaining about younger generations figuring it out sooner.