I retired two years ago. Regrets and advice.

Today, i discuss my two year retirement journey and offer advice and talk about regrets.
My name is Howard and my goal is to bring KZbin viewers interesting and factual information about the process of getting to retirement and living a successful retirement, through my channel, Otter's Retirement Corner. I have a degree in Finance, with an MBA from the University of Chicago's Booth School of Business, along with an extensive career in financial services, credit and risk management, within the Banking industry. I have extensively studied retirement topics such as: Social Security, Medicare, investing, economics and portfolio withdrawal strategies, to name a few. My own journey getting to retirement and now living within retirement has allowed me to gain an important perspective on those topics. Note: I am not a financial planner, a tax accountant or an investment advisor and none of the material covered in my videos is intended as personal advice. My videos are for entertainment purposes.
You can email me at: [e-mail]
Please subscribe to my channel, "like" my videos, share my content and comment.

[@eightsprites]

Regarding being bored. When I get bored, I think of work meetings.. and I dont feel so bad about being bored anymore.

[@RetirementTalk43]

eight: Haha. I've done that type of thing too.

[@thruthefirepubl]

Now that's funny!

[@MovieJustin]

Tell me about it

[@kathygibbons-oh8uq]

Agree!

[@philliproberts7294]

Exactly I'm bored to but then I think of all the bullshit from Co workers bosses supervisor leading hands this is true I've been told off twice for coming to work early 😮

[@Kaibe55]

I was self-employed and paid my dues early which enabled me to retire at 57; I am turning 69 this year. The years flew. Having the money is one thing, having the mindset is another. You do not retire from something, you retire to something. I have seen way too many of my peers retire and not know what to do with themselves. A shallow life of leisure gets old fast. You need a basket of activities every day for your head and your hands to keep you balanced. Having community and a sense of place where you as a person matter; an environment where you can apply yourself, learn, and be a blessing to others. And realize that good health is a wild card that, if lost ,changes everything. The person you are when you retire will not be the same person 10 years into retirement. The worst thing you can do is work until you die, no matter how much you love you job. Life is as much about the journey as it is the destination.

[@RetirementTalk43]

Kaibe: Yes, retire TO something. Great line.

[@brucesmith9144]

Having activities to do and community to involve yourself with is indeed very good advice.

[@dominic8218]

Great advice 👌🏻

[@commonsenseisntcommon1776]

Congrats, im 57 and just retired….. no regrets!

[@BillyO8828]

I agree with most of what's said, but I don't think that working until you die is ALWAYS bad. It depends much on a person's situation. For example: Let's say a person works 24 hours a week in a non-stressful job and would struggle if they quit work. However, if they keep working they can do all the things they enjoy. I'm not sure that I would give up things I love just for the status of saying, "I'm retired".

[@cathyphillips679]

I retired at age 61. Am now 68. I knew I was going to be a "low income senior," so I just planned carefully. I spent a few of my final working years on a waiting list to get into my rent-geared-to-income apartment. I am in Canada, so medical (and now dental!) expenses are not a concern. Eyeglasses are my most major expense. Luckily, I am healthy so far. The only mistake I made was doing retirement like you are "supposed" to. I volunteered a lot. Was busier than when I worked! Luckily (!?) Covid happened, and all that got shut down. I have never gone back. This laid-back retirement suits me perfectly. Lots of time spent hiking, camping, working out, and walking the dog. A couple of road trips a year solves the travel bug. My advice.... PLAN and do retirement your own way. Enjoy!

[@RetirementTalk43]

cathy: thanks for watching. I am glad you are having a happy retirement.

[@BoninBrighton]

Yep I volunteered too much ….

[@cuz129]

I retired 8 years ago at 60. Zero regrets, will take Social Security at 70. Retired life is amazing!

[@RetirementTalk43]

cuz: Good to hear.

[@arminius301]

what compelled you to not start taking social security 8 years ago? Seems like you missed out on 8 years of SS income, what the heck am I missing here?

[@slicksmith856]

I retired at 55 with a fair pension and medical...now at 62 my house is paid off and collecting social security.

[@RetirementTalk43]

@@arminius301 Perhaps cuz wanted to maximize his/her benefit and protect against longevity risk. Or he/she has a younger spouse he wants to inherit his/her higher benefit. Perhaps heshe wanted to use those 8 years to lower his/her IRA balance and reduce future RMDs and taxes. There could be a lot of reasons.

[@arminius301]

@@RetirementTalk43 Yeah each situation is definitely individual and lots to consider, thanks for the reply and for making this video!

[@waynesly6116]

Been retired for almost 3 years now. Make time for my health. Work out 2 times a week, walk 3-5 miles every day, do different type of exercises on my walk n changed my eating habits to only whole food, no sugar or flour. Now feel like I am 30! I love to hunt and fish and run many trail cameras. I took over most of the house cleaning since my wife is still working. I work around the church as a handy man some. Never bored. Look forward to a couple of down hours per day. Life is grand n God is good!!😁💪🙏👆

[@RetirementTalk43]

wayne: I'm glad it is working out for you.

[@leehaskins307]

I don’t like the whole food and no sugar part. That is pretty much impossible for a Normal life. And if that is true u must spend a lot of time working on ur food input and have such a limited choice of food that would depress most all people if they had to do that.

[@RetirementTalk43]

@@leehaskins307 I tried to do the "no sugar" diet for several years and it IS almost impossible. It is amazing how many foods have added sugar. So it became the "almost no sugar diet." Now it is the "nothing with a lot of added sugar diet."

[@leehaskins307]

@@RetirementTalk43 yep agree.. even the all organic diet is impossible…. the no sugar and all orgainic diet can only be a part of your diet.. not all of it….I tried all organic.. went really bad… even with things like deoderant… used natuarl bees wax deoderant.. that was a disaster.. stinked pretty bad… lol...

[@bw5277]

@@leehaskins307 less sugar was definite plus for my health and weight...sugary drinks, desserts, candy......very little of that stuff!

[@thunderflight6266]

As someone who battles with the idea of early retirement or not, I really appreciate you sharing your thoughts and experience on retirement. Thanks for taking the time to do these videos. God bless!

[@RetirementTalk43]

Thank you, Thunderflight.

[@pensacola321]

People who leave the workplace without having sufficient financial assets, are not retired, they are unemployed. I retired 17 years ago at age 57 right at the start of the Great recession. I had plenty of cash flow investments so I did okay. Scary though. I took Social Security at my FRA of 66. Don't make yourself crazy studying that. Figure out what is best for you and move ahead. Our net worth has about doubled, and at the same time we have spent more and more freely. We do a lot of traveling. Also, lots of volunteering. We both work to keep our health up. And don't worry too much. It's a short runway. Good luck.😊

[@RetirementTalk43]

Thanks, Pensacola.

[@johnandjaneadventures]

This is your best video to date and your advice is spot on. Your comment on laziness was unique and thought provoking. We have found that calendaring “to do” list items helps keep us focused. Thanks again for this video.

[@RetirementTalk43]

Johnandjean: Thanks for watching and commenting.

[@bruceprentice6441]

I am retired… sort of . My situation is very different from most folks. I dairy farmed for 42 years and exited the dairy business at 62. Now almost two years later, I still grow crops and raise a few beef cattle, but probably don’t work more than 30 hours a week. Compared with 70-100 hours,7 days a week dairy farming. I have to fight boredom and laziness as you mentioned. I miss my old routine and folks I used to interact with. What I am doing, I don’t call work, it’s more of a hobby

[@WayneMarcy]

Thanks for sharing Howard, I do find your videos informative and entertaining. I still have probably 5 or so years before I retire, all these tips are great.

[@RetirementTalk43]

Wayne: Thanks for watching and your comments.

[@jalbert472]

Great channel! I just retired a couple months ago. Really feels like a conversation here. Love how you address issues retirees share. Like Rob Berger too. Keep it up!!

[@RetirementTalk43]

Thank you, Jalbert. Yep, Rob is good.

[@Alan-1956]

Great Video Howard, Thanks for your Thoughts on Retirement...at least now I know I'm not the only one with the same concerns that you mentioned....Again Thanks and have a Great Day. AL

[@RetirementTalk43]

Thanks for watching and commenting, Trains.

[@anacaona1982]

Thanks for sharing. I retired a little over a year ago and can relate to everything you have shared here. Thanks for sharing and for the advice.

[@RetirementTalk43]

Thanks for watching and commenting.

[@FWM50]

People with mental health issues need to be especially careful. The risk for depression increases if there are too many changes, or if friends pass away or move away. Loneliness can be very painful even fatal. If you see a psychologist for help please continue. Build a support system. Make a plan. Making a schedule will help. Some things you always wanted to do will be available. Some things will be out of your financial range. The biggest risk is declining health. Prepare and pre-plan as much as possible.

[@RetirementTalk43]

Thanks for your comments, FWM.

[@robp9746]

Agree. Health is wealth!

[@alexanderbailey8914]

@@FWM50 Yep, I was one of the ones that felt more depressed after I retired. Joined a pickleball group of seniors in town and joined a group training class at my gym. This has helped me tremendously.

[@dominic8218]

Came across your channel and really enjoyed your vlog. I was fortunate to retire 18 months ago at 54. So far so good and really want to take advantage of having good health as you never know when this could change. Wish you and your viewers well for their own personal retirement journeys 👍🏻

[@RetirementTalk43]

Thanks for watching, Dominic.

[@SecondWindWorkshop]

Hey Dominic, we retired at 54 (51 for her) as well. I'm on the company health plan through the end of this year and will look at the ACA this year for 2025. Any tips, or did you opt for a different health insurance option?

[@dominic8218]

@@SecondWindWorkshop Hi there. I’m in the UK, so different rules here. We have the National Health Service that me and my wife can rely on. I’m living off savings for the first 3 years and then will start to draw on my SIPP pension at 57. My state pension will also kick in at age 67, so without wishing my life away, that will be nice when it comes. We are fortunate enough to have a place in Spain which we spend half the year. The weather isn’t always good in the UK!! Just will keep things under review quarterly, but know healthcare is a major concern in the US. Hope it’s working out for you both 👍🏻

[@phammond8155]

Tried to retire at 60 and they offered me to keep my job and go part time and keep the benefits . . . so it will be a slower transition to retirement. Love your co-star!

[@RetirementTalk43]

ph: thank you.

[@sallyprzybil2404]

For boredom, come up with a boredom jar or file. Fill it with slips of paper or index cards with one idea on each on something to do when you’re bored ( for example one of mine is: play on the piano the scales in the key of A flat and practice the major arpeggios in the sams scale, try to memorize these. (One of my hobbies is music). When you get bored then pull out one of the slips of paper or index cards at random ( without looking at it beforehand, a blind draw) and do that thing. Make it something of a game. Also make a planning notebook for your hobbies, write them down with a simple plan for each on how you are going to pursue each hobby, this gives you something of a direction on what to do with your hobbies. I have few, if any regrets after retiring. I retired two years ago at age 68, took SS then because I was full retirement age and needed it to live on because I have only a small, well invested, savings. I do regret some of the things I did, or didn’t do, before retirement. Firstly, I didn’t take care of my health as well as I should have so now I have some major health issues to take into consideration post retirement. Secondly, I regret not starting to save and invest for retirement much earlier in my career. I didn’t start saving until late and knew nothing about investing at that time so I had a big learning curve. I had to be extremely frugal for a long time in order to save money. Then I regret keeping my job for as long as I did. I should have changed jobs but I kept thinking, ‘I’m retiring soon so I’ll just stay here’. I’m a retired RN and they had me working long, long hours in a physically and emotionally demanding field. Very ( too) stressful. That too, had a negative impact on my health. Especially the last few years when we were dealing with the threat of Covid. I didn’t get Covid until the very end just as I was retiring, so I started off my retirement with Covid. One of the best things I did after retirement was buy an affordable house ( moved me out of a way too expensive rental situation) in a gorgeous area (not Florida!) that I love. I’m a single, widowed grandma raising my ( now adopted by me) 7 year old grandson ( I’ve had him since he was born). So my retirement comes with built in purpose and companionship. He’s a sweetie and, sadly, his bio parents could not take care of him.

[@RetirementTalk43]

sally: Well, taking care of a 7 year-old should certainly keep you busy and give you purpose. Thanks for all of your suggestions.

[@grumpy7724]

I retired at 62 years old the end of 2019 and plan on Social Security at age 70. My wife will be at age 66 yrs. 8 mo. My wife, the same age as me (actually 2 months older) retired 5 years earlier with no benefits and earned very little, so much less that we don’t even count her pension and investments in the retirement plan. She worked part time after being a stay at home mom. I planned for retirement when I started full time work, and my goal was to retire at age 54, to go earlier than my father. Medical insurance in retirement changed and my daughter and son extended their college educations. My daughter went to get a graduate degree and my son double majored. I maintained most everything we had, vehicles, home, and household equipment. I still perform maintenance tasks although, due to traveling, not as much. So that being said, this is what I preach: 1) it’s ok after working since a paper route at age 13 to retiring as a professional to NOT rush into chores. That’s part of enjoying retirement. 2) keep active, I volunteer as a construction worker doing electric and other jobs as needed two days a week for Habitat for Humanity. I along with another volunteer broke up a 25 foot concrete walkway to get a new buried electric service into a remodel home. Sledge hammers, digging bars and hammer drills to get the job done. It was amazing how good I felt and how well I slept! 3) keep learning. Travel, learn other cultures, life doesn’t end at retirement. Read, question, understand others, it’s not a my way or the highway world. I like to be the devils advocate in certain discussions while not revealing my views. I like to keep people thinking. 4) don’t believe everything you hear and read, especially social media. My view is most social media is the ‘dumbing of civilization’. Default to point number 3. While I retired as a ‘white collar’ worker, I spent 25 years as a blue collar tradesman. I get sore but that’s not an excuse for me to slack off. Being sedentary is the way to an early demise. Eat, drink, be active, and be merry. Nobody wants to remember you as a grumpy complainer.

[@RetirementTalk43]

grumpy: Thanks for watching and your comments. No. 3 describes mee too. No. 1 is difficult as I always start to feel guilty if I'm not doing something.

[@Kreb99]

I retired 14 months ago. We moved to the Gulf Coast so for most of this year the move has kept me busy. I also do a lot of volunteer work in the community. At 67 I drew social security and have a small pension. My wife still works so we are very comfortable. We are very involved with our church and have made a lot of new friends. We love our many gardens and stay pretty involved maintaining our grounds. We are tourists in our new location and have plenty of new adventures ahead of us. We continue to save and invest in our 401K and we aren’t actively drawing down on that yet. I feel like I am an 18 years old on summer vacation with a nice allowance. We are truly blessed.

[@RetirementTalk43]

Kreb: Yep, being retired allows you to be a kid on summer vacation again.

[@comicsandtrades8237]

Very good conversation on retiring. Instead of bashing people who don't at 62 and mocking them. Thanks for intelligent convo.

[@RetirementTalk43]

Thanks, comics.

[@1316jet]

We seem to have somethings in common. I’m just over a year retired and my wife is still working full time. The first few months I was mopping the floor😂. I still keep up with the house work but not as intense. I also struggle with the feeling of being lazy at times, but remind myself, as long as I’m not letting everything go to crap, including myself, it’s ok. My stress level has gone way down since retiring and I’m much more physically active. My first priority in the morning is to exercise in the form of strength training and cardio. I like to run, bike and hike. I also go to our public pool for a swim. After the swim, myself and a group of guys go down to the bakery for a treat and some conversation. Glad I came across your channel. I subscribed and will watch some more. Btw, my son plays softball for a rec team. Maybe I’ll try that out. Sounds fun!

[@RetirementTalk43]

jet: Look for a senior softball league in your area. It can be a lot of fun and you will make a lot of friends.

[@wuddayameen]

Congrats on 2Y anniversary! Retired @70. My 1Y is tomorrow - Independence Day. We do OK with just SSA from US+CH. We bought a large property 20+ years ago. It needed, and is now finally getting, renovations. Planning to exit in next year. Too much work/maintenance - year after year. It's a younger person's property. The kids aren't interested, at least in their current stage of life. Interesting how fun can turn into work.

[@RetirementTalk43]

wuddya: Ain't it great?

[@wuddayameen]

@@RetirementTalk43 well, every day feels like saturday. for me, saturday means trying to catchup on work around the property. there are 2 types of work: - one is doing tasks that have forever been in the queue - the other is keeping up with the repetitive tasks so things don't end up back in the forever queue. yes, i could, and do hire help, but I want to exit this adventure and begin another. so for now, it feels like just switching jobs. best thing is no commute, although that occurred at the start of COVID.

[@BillVerdon]

subb'd... love Otter.... cool pup. You have the exact same mindset I have. I am still working (57) but these are the many things I consider/ponder as I plan for my retirement...

[@RetirementTalk43]

Bill: thanks for joining us and I welcome your comments.

[@maryalbert6138]

Being debt free is a must!

[@RetirementTalk43]

mary: Mostly, you are correct but there are situations where some debt is not a retirement killer. See my video on paying off your mortgage before retirement.

[@bradk7653]

Yes, get debt free as soon as early as possible. We were debt free by the time we hit our mid 40’s. It made retiring so much easier.

[@PJBHolden]

Not true, I still have a mortgage and am doing just fine after retirement at 62

[@michaeltheveny5270]

@@RetirementTalk43 I think every situation is different, we refinanced our home and after talking to our financial advisor we decided to go with a 30 year instead of a 15 that we were planning on doing. Interest rates were at 2.25 which is cheap money. Plus our mortgage is only $650 which is cheaper than any rental in our area.

[@RetirementTalk43]

@@michaeltheveny5270 Exactly. See my video on the topic.

[@ClutchCarson]

🎊 congratulations on 2 years. In 64 next month but gonna hold out as long as I can for max SS. By my calculations my SS at 70 along with my assets will alow me to be able t I do as I please at the same standard of living as I have now. Love your channel, been watching since you started. I use playing a lot of pool and going to the gym 🏋️‍♂️ as boredom breakers. Peace!

[@RetirementTalk43]

Clutch: Thanks for watching and your comments.

[@7SideWays]

A healthy social and psychological portfolio is huge, especially if you retire in your 40s or 50s. Congrats on 2 years!

[@RetirementTalk43]

Thanks, SideWays.

[@RickeyMcDaniel]

Great video. Glad you are enjoying your retirement.

[@RetirementTalk43]

Thank you, Ricky.

[@davidsuniverse108]

Hey my friend....I took SS at 62, but stopped working at my career in 2016 when I was 57. It was the best decision I ever made...no regrets, however I have special circumstances. I wouldn't want to reveal my finances, but I may do a video myself of how I ended up "retiring" at 57 and why I started collecting at 62. Thanks for your video, great info!

[@RetirementTalk43]

Let me know when you post your video.

[@8corymix8]

You only did that with a windfall of some sort of inheritance. Most people can't do that. In financially secure at 49 & would never imagine retirement at an early age. I'll go down to 2 days a week or so but work keeps the wheels turning

[@MichigantoFlorida]

Good Evening Mr Howard and a hey to Otter! Howard your spot on, folks you really need an action plan with a timeline for retirement. I can share you mine. I decided in April of 2015 with a target date of Dec 31 2015. I was turning 66 in September, full retirement age and had SS begin once I was 66. Additionally, I researched Medicare and at that time Plan F was my choice, today it's Plan G. I was blessed with a 33 year career in corporate America with a pre defined pension with a generous 401K. Nevertheless, financially it was a no brainer. However, it's a decision you need to commit to. I had the moments of one more year, management wanted me to reconsider and hang around for a couple of more years, etc. Yes it was tempting to change my plans. However, I stuck to my time line and no regrets and don't look back. Retirement is a paid vacation where every day is a week end day. Excelent topic Mr Howard. Just an FYI to Otter: Dr Pol recommends that dogs should always make sure that meat is included in their daily diet.

[@RetirementTalk43]

MtoF: Love those pensions. Thanks for watching. As much as Otter would love meat, we are a no meat household. He does love all his other foods. We are sure to give him supplements he needs to have a healthy diet. BTW-You had made a comment on my last article. The spammers then attached their 24 comment chain on your comment, with the fraud financial advisor information so, I had to delete your comment to get that spam out of there. Sorry.

[@MichigantoFlorida]

@@RetirementTalk43 Thank you Howard, yes it looked so odd when I received so many odd notifications,

[@thomasbeaupre7891]

Thanks Howard..Just watched having my morning Java. Having a pool in the yard with trees and a home that needs upkeep is a great way to live. Maintenance of it can be a form of exercise at your own pace. Plus it sounds like you have the money to pay for the dangerous stuff like climbing high on a ladder..Having enough money is key..I went to bed 6 months ago with no intention or even thought of retiring. I awake and out of the blue i decided to retire..Call my company and was told just send us an email in writing and you're free to leave. I had a great financial plan that allowed me to quit on a whim. But I did not have a plan on what i'd do with my time..And I have excelled at thinking, then doing things that i enjoy. You are not lazy. If you were lazy you would not be in the position to retire.Enjoy what you have earned Howard

[@RetirementTalk43]

Thanks for watching and your comments, Thomas.

[@thruthefirepubl]

Home maintenance is a great form of exercise. I mow the grass and weed and edge by hand. I'm sure my neighbors think I'm nuts. Admittedly, I am...

[@Barbiedoll1959]

Retired now for about 18 months. I have mixed feelings about retirement. Just lost our last of 3 Chihuahua pets and I miss them. I get VERY bored. I started crafting: crocheting, beading, drawing etc. It just isn't enough for me. We are Going to see and stay with family in a few weeks in our home State of Michigan for a couple of months and should be back in Florida by early October. When we return, I will be looking for a part time job to keep me busy and hopefully entertained. Also, we have decided to rescue a puppy. Can't wait to have another dog in my life. I love watching Otter 🐕🐕🐕

[@RetirementTalk43]

Barbie: Have you thought about volunteering at a dog shelter?

[@debbiem73]

I’d suggest maybe not a puppy but a 1 or 2 year old dog that’s already housebroken 😊 Also rescue groups are always looking for fosters and volunteers

[@jdollar5852]

We have lost 2 dogs and 2 cats in the past year or so. Dogs were 10 and 12 years old. Cats were 17 and 12. We still have a 17 year old cat and a 10 year old boxer, both rescues. We also have a 2 year old Doodle that my wife works with as a therapy dog. They both really enjoy doing that a couple of times a week. The Boxer wants to go, but her hips make it difficult for her. She still gets to go on occasion and is much loved by the staff. You could spend 24 hours a day helping animal rescue organizations. They all need someone to help. That really fits for a lot of people. I call all my wife's rescue friends "crazy cat ladies" because they are crazy about those shelter animals. Crazy cat lady sounds better than crazy dog lady. Weirdly, virtually 100% of the volunteers are women.

[@RetirementTalk43]

@@jdollar5852 Jdollar: Sorry for your loses. I have been through it many times. It is heartbreaking and takes time to heal.

[@shayscott7498]

It beats going back to work because your Mom needs the cash. I loved, loved retirement. The tennis club that I belonged to was a hub of social activities -- made many friends and we do things together.

[@RogerChu-l4p]

I think I learned more about you and your situation and advice on your channel than ever before. Lol. Hope all is well.

[@RetirementTalk43]

Roger: All that time sitting together and you didn't learn anything?

[@RDQ30A]

Another good video. Glad you seem happy in retirement. I agree and experience some of the same things you are. I retired at 57 and took my social security at 62. We’ve spent our time enjoying the outdoors - kayaking, hiking, biking, traveling, paddle boarding, traveling etc. We are trying to maximize our go-go years by doing the things we love. I was very fortunate to have accumulated more assets than I had planned for over the years. We lived simply and below our means. Now, we are enjoying financial security. Congrats on your 2 year retirement anniversary. Enjoy your time and it’s okay to be lazy…

[@RetirementTalk43]

Thanks, RDQ.

[@billbrock8740]

Hi, Howard. I also retired 2 years ago at age 59 after a 33-year career in the classroom. No regrets. None. Made a promise to myself back in 1989 when I began teaching- “When it’s no longer FUN, It’s time to go.” Honored that commitment and couldn’t be happier. Oh, one more thing- OTTER IS AWESOME!!!

[@RetirementTalk43]

Bill: thanks for watching. I will tell Otter he is awesome.

[@jasonoki]

Awesome for you. Right now I have a great work-life balance love my work so I guess I'll keep working. Financially I probably can retire, but not knowing what to do with all of the time that work takes up worries me. thanks for the video.

[@RetirementTalk43]

jasonoki: you'll know when the time is right.

[@uniquenamegoeshere2263]

I am your age, and still working from home. For me it’s getting my head around retirement.

[@RetirementTalk43]

unique: You'll know when you are ready.

[@gt88sd]

Randomly found this thanks for sharing. Although I’m about a decade away I already am at least thinking about these life changes. My view is one has to plan years ahead fixing the home getting a new car while working with income have all debts paid etc And not running at full speed and then suddenly taking an off ramp to retirement one day. I see it as a years long preparation and transition!

[@RetirementTalk43]

gt: Exactly. Plan, plan, plan.

[@danreilly7491]

Congratulations on 2 years

[@RetirementTalk43]

Thank you Dan.

[@jimjohnson7237]

Good info. Thanks.

[@RetirementTalk43]

Thanks, Jim.

[@Bob-yh7ir]

Getting put out to pasture in just over a week. It is retirement for me in my 50s. We feel we are ready on all the major points. Money not a problem. We have plenty of friends and associates that do not come from work. We will increase our travel in the early years, have cookouts, game nights, movie nights, festivals, work around the house. Exercise is going to take up multiple hours a day in retirement since I will now have time mid day to continue walks and go out on multiple mile hikes, etc. So looking forward to getting back to some of what I did before I started a career. Cheers !

[@thruthefirepubl]

Engaging comments section. Good job Howard. BTW, Otter is so healthy he shines! You win the blue ribbon award for best pet parent.🥇

[@RetirementTalk43]

Thanks. I don't know if Otter would agree though. He wants more walkies, even when it's 95 degrees.

[@willay747]

I just retired four weeks ago and I’m trying to keep myself busy, but you’re right there are times of boredom. I also volunteer three days a week part time so that helps!

[@RetirementTalk43]

willay: bored after just four weeks? Doesn't that feel good this early in retirement?

[@alanhill2508]

Like you, I hit my 2 year mark in retirement this year. It's been mostly great. I still toy with the idea of going back to work part time. I was a surgical nurse, and it was a very cool job. But also physically demanding, esp for someone over 60. Every day I worked was a day I had a sore back. I miss the environment, though, and the money was good. Knowing I could easily get another position makes me feel like I'm leaving money on the table. But how much is enough, you have to ask yourself? And is it worth worsening old injuries that might then become more problematic when you do actually retire? I decided no, it's not worth it, especially as I had enough to get by. And then when I did the math and realized that working another year or two would have little effect on extending my retirement finances moving forward I stopped feeling like I was cheating myself. I won't plug him here, but there's a financial guy on KZbin I listen to and he said two things that helped me. First, you need to "enjoy the youth of your retirement." You don't know how much time you have left, so don't postpone the things that mean the most to you. Second, he said that when you retire, "you have more time to take care of yourself." Simple, but I had never thought of that. I retired and had more time for exercise and yoga, and within 3 months I felt a definite improvement in my back pain. So my advice is always have a plan, and don't hesitate to execute that plan if you're on track. Retirement is an entirely different phase of life, and in many ways it can be the best one.

[@RetirementTalk43]

alan: exactly; have a plan. I recently was asked to interview for a job with a $250k base and total comp of over $500k/year possible. I had no interest. The money wouldn't change my life and I dreaded going back to an office.

[@nshaver24]

I’m 63 and retired a year ago…luckily I’ve got a 401k and pension and have saved money through the years. My priority is my health so I make sure I walk the 10,000 steps a day and visit the senior center for cardio drumming. I don’t want to end up in a nursing home like my Mother as she is in a wheelchair. I travel once a week to help my Dad who has early dementia. I volunteer at The Humane Society which is a passion of mine. Sure I have days when I couch surf watching U-Tube …but hey I figure I’ve earned it…but really if you don’t have your health…it’s tough…as I lost my husband a couple of years ago….I have two sons that help me out so that’s been a blessing. Planning to go back to Florida this winter…sunshine and staying active is priceless!

[@RetirementTalk43]

nshaver: sounds like you overcame some adversity and have things in hand.

[@angelabaker8377]

Cardio drumming sounds interesting. I've never heard of it

[@joeglennaz]

Hello from Phoenix! I’m a new subscriber

[@RetirementTalk43]

Welcome, Joe. Thanks for watching.

[@churchofpos2279]

I retired 2 years ago, due to refusing to get the Jab. I sold my house, packed up my van, and moved 2500 miles with no plan. I ended up buying a house for cash and becoming debt free. I would have liked to have had more savings available, but I am making it work. I don't live the high life, but am content. I get to do the things I want to for the most part. But I think the peace of mind I have for escaping the rat race is making it worth while. I wouldn't change a thing at this point.

[@RetirementTalk43]

church: Good to not have regrets.

[@lyceum4177]

Cool for the refusing the injections

[@JDG1958]

Started working at 14. Retired at 62-1/2 due to health reasons and Covid. I’m 66 now. Through the years I worked 50-100 a week. I had a few side hustles too. Basically my body and brain got tired. I have 2-4 hours a day down time too. We’ve got my wife’s dog. I’m the nanny. Kids are up and out. Very little debt. Haven’t touched retirement yet. I’ve settled in well. No regrets. I enjoy being retired. Medicare is great. Plan G and D. No worries so far paying any bills.

[@RetirementTalk43]

JDG: Good to hear that you are happy in retirement.

[@stanmclean6218]

Sure could use a crystal ball. If I knew how long I have to live, it would be easier to decide when to retire. I am 66, $ enough, mostly concerned about the isolation as I get most of my socializing at this point through my work. Will probably take the leap to the next chapter soon. Thanks for the info. 😎

[@RetirementTalk43]

Thanks for watching, Stan.

[@randolphh8005]

Both retired 2 years apart 3 and 5 years ago. Net worth is not a very useful metric. Having little to no debt solves most problems, and all but eliminates concerns about portfolios and taxes. We are currently spending nearly triple our base “survival” income, yet our base income is nearly covered by Social Security even though only one of us is drawing it for another 5 years. More important than net worth, is liquid assets and cash flow. A budget and an understanding of current and future spending makes all this much easier. No real regrets. We both love retirement! Life has slowed to a pleasant pace. Stress has mostly disappeared. Never bored, but we both tend to be active thinkers with a lot of interests. Negatives are few, but did include some difficulty with social life which has been a transition from the working years. Advice to those not retired is to do it as soon as possible. We are still watching friends, family, and acquaintances waiting for all the stars to be aligned. A big mistake as we also encounter people whose health takes a turn way before anticipated. If you think you might be ready, you most likely are, and in retrospect, we could have easily retired before we did at age 62.

[@RetirementTalk43]

Thanks for your comments Randolph.

[@markbajek2541]

Being retired can give one time to find the "world's best cup of coffee" so don't forget to budget for that expense. . At 67 I'm impressed with your 200 or so baseball games and still have energy to try to manage the property and take Otter for multiple walks every day. Those 3 hours of down time you speak of often turn in to naps zzzzz , especially on rainy days.

[@RetirementTalk43]

mark: I have a really hard time napping. I might fall asleep after lunch, watching TV and wake up in 5 minutes.

[@Mach11976]

Retired at 62 but still worked under the table for 3 years. Now at 65 I work a part time job at a local hospital and it's the best thing I could have done for my mental health. Don't make that big SSI check, but this helps with the extras. Lucky to live in a Veteran supported Apt in the middle of Illinois rural community and I love it.

[@RetirementTalk43]

Mach: glad you found a path to happiness.

[@Mach11976]

@@RetirementTalk43 I really do, and enjoyed your video. Gave me some information.

[@angelabaker8377]

I am 70. Got my first ever ss check. Felt good. I still work. Dropped to part time when I turned 65. Slowly, I'm cutting back hours. I work from home. Next year, I think I'll go to a 4 day work week. Eventually I'll work just 2 or 3 days a week. I am financially secure and love my work. Due to arthritis, I have limited mobility. Luckily, I traveled extensively for 35 years, so I have my memories. I'd like to learn to draw and paint, and to become fluent in Italian

[@RetirementTalk43]

angel: I'm glad you enjoy work. Nothing wrong with continuing that.

[@muffintopnc]

Thanks for sharing you retirement experience, and congratulations. Seems like very honest thoughts. Have you changed your sleep habits? Do you have strict daily routines? Or do you take it as it comes?

[@RetirementTalk43]

muff: Still have somewhat strict habits and have trouble sleeping late. I feel the need to get up and either get to softball by 8:00 or start working out by 9:00 am on the days I don't have softball.

[@casmithc2]

Howard, this was your BEST VIDEO EVER!! Not a single mention of SARASOTA TIM!! 😂 😂

[@RetirementTalk43]

Until now.

[@michaeltorrey3603]

Who?

[@lyceum4177]

​@@RetirementTalk43lol

[@RetirementTalk43]

ching: I've probably heard that 50 times in my life.

[@johnd4348]

Everyone knows Tim. He is very popular.

[@52CA]

I had decided to quit my job of 37yrs this past March 29th. March 18th the dept shut down in complete surprise to everyone. I too was in a position of really good pay and I was questioning why I would quit something that was easy to me and paid well. I almost feel lucky the decision got made for me and of course the severance I got that I wouldn’t have got. My plan was to ride out the next 6 yrs till 67 without any income. I have a side business and we need very little money to survive in our location. Once we get to SS my portfolio should be nearly doubled and our SS plus spousal will itself be more than we have ever lived on in the past.

[@RetirementTalk43]

52: Good job!

[@heymoe1179]

I retired on 30 Sep 2021...so almost 3 years now. I am also plan on taking SS at FRA (a year and 10 months to go)...but what makes this all possible is that my house and both vehicles were paid off before I retired. Having zero debt going into retirement made it possible...for me. I think that was the key.

[@RetirementTalk43]

hey: You had a good plan.

[@tomf9292]

Retired this year at 59. Wife is also retired. We spend spring and summer on Cape Cod and the rest in S. Fla. I don’t feel guilty anymore when I do nothing. I worked hard for 41 yrs. We still own rental units that pay all the bills. In FLA we’re in a condo in a 55+ community. Lots of activities to do golf, gym, pool, etc. on CC were in a small house that I maintain. I do enjoy putting around doing little jobs around the house that I didn’t have the time when I was working. We had a larger house on a much larger lot that became overwhelming to maintain ( and clean)so we sold it. I have NO regrets about retiring. DO IT folks. Life’s too short.

[@RetirementTalk43]

Thanks for your comments Tom.

[@johncarlson6472]

Regarding boredom and/or loneliness, I wish every young man would live alone for a few years in order to understand solitude isn't the big boogeyman we're told it is, when in fact, it's quite healthy. I have family and friends and love them, but find the longer I'm around people, the more drained I can get. I can't recall how many times I've visited married friends, only to have them engage in petty conflicts because they have an audience (me). Needless to say, I feel so grateful when driving back to my peaceful home to reflect and re-charge.

[@RetirementTalk43]

John: some people can be happy alone. Many can't. The key is knowing which one you will be.

[@johncarlson6472]

@@RetirementTalk43 You're right. It's just unfortunate some folks are so erroneously fearful of being alone, they'll choose to live with someone who, at best, isn't a good fit for them or, at worst, is outright destructive to the relationship.

[@christopherbilkey5237]

Now 71 and been retired 6 years. Started SS at 70. I just bought a 25-year period certain annuity with a 7.45% payout rate. I asked you Howard a few months ago if that Annuity was a good idea and your reply was positive. Thanks.

[@RetirementTalk43]

Thanks, Christopher. I hope it works out well for you.

[@tombkk1322]

I think that annuity will take you to the finish line. Good luck, relax and enjoy.

[@christopherbilkey5237]

@@tombkk1322 Thanks for the comment. People who dismiss annuities don't understand how its benefits fit well for certain periods of life.

[@joyridle]

@@RetirementTalk43 Where can I get help with my annuities? already been ripped off with one financial person who could make me more money. Where do I go for help?

[@RetirementTalk43]

@@joyridle You have to be very careful with annuities. The seller often makes huge commissions at your expense. A good fee only advisor could probably help but understand that only insurance companies sell those products.

[@briang.7206]

I always remember the day my dad retired he was in good spirits. He enjoyed retirement always busy around taking care of the house and yard and had his hobbies. He worked for the post office for 30 yrs.

[@RetirementTalk43]

Thanks for watching Brian.

[@melvano4014]

Retired 14 years ago at 44. Bike 125 miles a week and swim 2 miles. Hang with grandkids. Too tired to be bored.

[@RetirementTalk43]

I hope you can keep it up for many years.

[@melvano4014]

@@RetirementTalk43thanks.

[@Index-o1234]

That's the retirement I'm looking for! 😂

[@369dabbler]

61 retired in uk just booked philipines ❤

[@williamread8186]

What kind of dog is otter? I have a 14 year composition dog (chihuahua dachshund etc). I suspect I will work until 70. My project is getting cut to 50% so I will be half retired by next year most likely (at 68). I make really good income for what I do. Anyway I have three debts and did an analysis on what might be the best way to pay it down and posted it on youtube and you are right about going for the high interest rate thing first. I do have a house cleaner do my house every two weeks. I love this woman. Its nice not to have to this and she only charges me $100 a visit. After my apartment is paid off I will have three income streams (SS, rental, and 401k) and I think I can live off any two so that gives me contingency going forward. My VO2max analysis says my maximum likely lifespan is 86 but I think my resources will out last that. The social aspect is a concern for me because of my autism. I don’t have many friends and struggle in social situations and I do get depressed often.

[@RetirementTalk43]

Bill: Otter is a Chocolate Lab mix. My experience with house cleaners was that I was paying people to steal from me. One lady stole all the fruit in the house once. As if I wouldn't notice. She said she thought it was for anyone to eat. Are there any groups you can join for high functioning autistic people?

[@williamread8186]

@@RetirementTalk43I have had Thelma for many years and she is really trustworthy. My late wife found her through a friend many years ago. I am sorry that your house cleaner didn’t work out but there are honest people out there in case you want to consider that. I hate to admit this but I don’t do well with other autistic people. I think some of this is because there is a real part of me trying to run away from my condition and the other aspect is that autistic people like myself have limited interests and especially mine doesn’t align well with most other autistic persons. Despite having naturally very poor coordination, strength, and body control, quite typical in the “neural diverse” population, I want to be strong and have a good physique. Given there are not a lot of autistic people around anyway it is going to be hard to find a connection there. In fact when I train with other people it is always with people 25-40 years younger than me. So its a challenge especially given that these guys are physically better than I am.

[@drfalcon4102]

7 years retired,,, sometimes I get a whim to go get a side hustle,, the local Harbor Freight has asked me a few times,, because I know the automotive tool stuff,,,but, im doing ok, can go on a trip now and then, I eat well,,too well at times, and thats my biggest problem, being handicaped, its hard for me to move around , plus im alone,, and yes I get bored and lazy at times, but, I do enjoy not having to get up at 5.30 am

[@RetirementTalk43]

Thanks for your comments Dr.

[@jws3925]

You are so correct about boredom and lazy. I retired to FL as well with no family or friends down here just like you. For the first few years I worked part time at our community golf course and enjoyed it. Then one day the course manager threw me under the bus in regard to an unruly customer while attempting to enforce the policies set forth by that manager. It was demeaning and embarrassing as other golfers waiting to tee off saw the entire episode and how my boss refused to support his employee and essentially reprimanding me publicly. I guess if actually needed the job I would have sucked it up but I didn't need the job financially so I told him I could no longer work for him knowing he was not going to have his employee's back, especially when that employee was enforcing HIS policies. Additionally, the way the unruly customer treated me and talked to me, he should have been removed from the course and would have at most any course I have played. Anyway, it has been a year since that experience and man, has not interacting with the other staff members and golfers (even just 2-3 days/wk) had a negative effect on me. I became depressed. I practically self-isolated in our very vibrant and active community. My day consists of walking the dog 3-4 times around the block and taking her for a golf cart ride. Otherwise my day is spent in the recliner on the computer, mostly KZbin. I never thought this would be me. I was always busy and had "projects" to do. Now, I have no ambition to do anything even though there are many things around the house I probably should be doing. On another note, your softball!!! Over 200 games?? You must be crazy. I played fast pitch until almost 50 but literally unable to run anymore at 75. There is a slow pitch league here for old men but I tried to run, even a little, and after a couple back surgeries and two artificial joints, my softball days are over. But, I gotta tell you, over 200 games is too much for any body, especially one over 65. Heck, even the pros only play 162. You are setting yourself up for some overuse injuries (I was a physical therapist). Bottom line, retirement is a complicated time, much more than I thought. Money is really not an issue as I saved well for this time of life thinking I would do all these wonderful things. Actually, I hate my life and long for my friends up North and my workshop where I spent many hours on my "projects." But, it is all gone. We had an auction and sold literally everything, the house, the acres, the shop, the tools, the tractor and implements, the RV, and all my cherished tools. It is all gone and here I am sitting in my recliner doing what I do---watching KZbin and commenting. The golden years turn to fools gold.

[@RetirementTalk43]

jws: Sorry to hear that. I would make suggestions for helping your situation but you have probably heard them all. One suggestion I would make is to go for some counseling. Having someone to talk to about this can be very helpful and may steer you in a better direction.

[@yardman1977]

Go get a job at another golf course. Not all bosses are Aholes

[@llhouser1]

I retired at 67, I’m just turning 70 in October. I have a small pension, SS and a 401k. My wife is still working for another year, full time anyway. The main thing is to have no debt when you retire. Our house is paid off, we paid cash for our cars and all credit cards are paid off every month.

[@RetirementTalk43]

Thanks, Ilhouser.

[@alfredlee6155]

I’d rather be bored in my swimming pool than being bored welding for ten hours a day . I retired at 65 one year ago. It was the right time .❤

[@RetirementTalk43]

Gee, welding sounds like fun.

[@managingmonasmoula9811]

Hi. I want to retire in either 3 or 6 years. I plan to retire by 60 years of age. Thank you for sharing your video.

[@RetirementTalk43]

Thanks for watching.

[@larriveeman]

I also retired 2 years ago ( at 63) , have had no financial issues, as we have no debt, 2 federal pensions with health insurance at the same premium we had while working, and SS ( start at FRA, wife is taking now), plus out TSP/IRA which we don't use, I realize most people don't have a pension, I was a contractor then went to the feds, bought back my military time and retired with 40 years of service, our outcomes are usually a result of the choices we make

[@RetirementTalk43]

larriveeman: You did an excellent job of preparing yourselves for retirement.

[@christanner3761]

I am 59 and more than ready to call it a day. But what scares me is my daughter, sons and my wife, staring at me deadpanned and saying "What the f**k are you going to do with all that free time?" It has me a little worried. Thanks for the entertaining video Howard.

[@alexanderbailey8914]

I felt the same way when I retired the end of last year. Volunteering and finding a hobby you love, will go a long way. Social interaction is critical during this time.

[@christanner3761]

Thanks for the kind reply

[@RetirementTalk43]

chris: If you can't answer their question, maybe you aren't ready to retire.

[@christanner3761]

@@alexanderbailey8914 Thanks for your kind words. I wish we could talk about retirement over a cold beer. Take care.

[@Jkaye13]

When l asked my dad how retirement life was years ago after he retired, he told me that he was busier than when he worked a full time job!

[@SecondWindWorkshop]

Retired almost seven months ago at 54, so we've had to build a bridge fund to see us through for about six years before we can start accessing retirement funds. We don't have any pensions, but we did load up on 401k and IRA contributions over the years. I'm planning on taking SS at 62 after modeling out our long term view and establishing a break-even point to taking it at 67 or later. 62 still looks fine for me and it gives us a ton of flexibility in the go-go years. We're looking at some extended slow-travel adventures. We're gearing up for out first experience with the ACA medical coverage (and we have a 13 year old still living at home) Any tips from any of the folks here who have had to bridge the gap to Medicare with ACA?

[@RetirementTalk43]

Second: The best way to handle ACA policies is to show a very low income so you get subsidies. The way you do that is by having savings in taxable accounts that you can utilize, as opposed to tax deferred accounts. Taking SS at 62 also won't help the ACA situation.

[@SecondWindWorkshop]

@@RetirementTalk43 Yeah, that's the one wrinkle I have to keep noodling on...taking SS at 62 and still trying to present lower income to maximize subsidies. We do have some ROTH assets we can tap to balance the income levels out, but we're mostly tax-deferred. I'll keep tinkering with it all as we get closer. That would eat up a lot of our ROTH flexibility for those several years.

[@RetirementTalk43]

@@SecondWindWorkshop Tax planning is the hardest part of this whole exercise.

[@whatsup3270]

You might consider a video on the way Medicare options ( A, b, C, D,.....Q?) are combined and how that changes the true cost of your healthcare.

[@RetirementTalk43]

whatsup: The problem with doing that is the number of different plans across all 50 states.

[@stevelopez372]

That is so true. And there are so many personal variables. The info may be to general or confusing. For example my wife and I retired with a Calpers pension. The city in SoCal that I worked for pays for full Medical and Dental a lifetime benefit. And what a Blessing that is. Thanks for sharing.

[@SunRay-57]

Retired January 13, 2023. Loving it.

[@RetirementTalk43]

Congrats!

[@trailertrashtim1]

Great job Howard, and a big shout out to Otter! Oh hey, if you're looking for a cat, have I got a deal for you!! ;-)

[@RetirementTalk43]

Otter looks for cats every day. Thanks for your shoutout.

[@Pyrolonn]

You should take the social security. You get a larger monthly amount if you wait, but it is nothing magical they are basing it on how long they expect you to live. There really isn't any other penalty. I'm not retried and won't be for years, but during COVID I was off 5 months (with generous unemployment, thanks Uncle Sam!) and I call it my "mini retirement". I have an old house with a massive organization duty cycle that I took on during those months. Laziness is definitely a cruel mistress when you either have large blocks of time off. At first I had a tenancy to either sleep or pitter in bed until 11:00. Eventually I was able to take the bull by the horns and make sure I'm up at 9:00. I did get a lot done during my time, but still probably wasted more time because "there's always tomorrow to do something". When I retire for real, I intend to make a checklist of things I want and need to do including my hobbies and make sure they get done.

[@RetirementTalk43]

Pyrolon: you'll be surprised how quickly you forget to write out your checklist once you are retired.

[@debbiem73]

I don’t know where I fit with our net worth, we have IRAs and I still contribute to a 401k; but my husband retired last year at 60 - mostly because he couldn’t stand his job anymore. I’m still working but would like to retire at 60 (in 2 1/2 years). My plan would be to sell our current home (the big house) and buy something smaller, hopefully pay cash or have a very small mortgage. Have about $400,000 in equity now. Concerns: health insurance and eliminating all of our “stuff”.

[@RetirementTalk43]

debbie: I know we will eventually move into something smaller and my wife will have an issue with selling her "stuff" but then, she is a lot younger than me. Yes, the health insurance issue is very concerning.

[@randolphh8005]

As long as you can keep your taxable income low, the ACA has been a real boon for early retirees. It literally saved us $30k in premiums over about 4 years. I finally started Medicare this month, and have 4 doctor appointments this month!

[@WilliamMartinez-vq2bn]

My god and jesus and my church keeps me spiritualy grounded,,satisfied happy plenty to do in the work of the lord!!!!

[@RetirementTalk43]

Whatever works for ya.

[@christopherstimpson6540]

Many people make huge money by age 40 and are technically retired as they don't need to work, but they still do. Many at age 70 are still working on projects and being very productive. So I'm not completely sure what to call retirement if you still have fun and make some money?

[@Csharpflat5]

Hard to do I am in a good high paying Engineering contract, lots of hours… but big time money…... Maybe try next year 66 years old is when my UK Social kicks in approx $750 a month, and about $3200 ish from social security….. got a private pensions too from UK about $900 a month….. and rental property. So in good shape with zero debt and 2 million in Ira and pension…… maybe defer my social security til 70 but always worry about early death!!!..

[@RetirementTalk43]

Csharp: Sounds like you're living the high life.

[@randolphh8005]

If you are single there is no reason to wait past FRA to take SS, unless you KNOW you will make 90 plus especially since you don’t need it.

[@chrisn6585]

Retiring in 8 months at 62 and absolutely freaking happy. My work is miserable. I will figure things out just fine even if I have to move overseas to another country

[@RetirementTalk43]

chris: Have a plan.

[@stargells1384]

I retired at 59, and have loved every minute of it. I had a very physical job, many injuries. I went out on SSI disability. So I had that, my pension with medical and dental. For the last 8 years I have made as much as if I worked. My problem with waiting till your 70 is, I have 3 siblings who died before they were 60. I still have 3 sister 59 to 73. I have made about 300K from SSI in those 8 years. My point is you never know when your number is called. Just a thought.

[@RetirementTalk43]

stargells: If you have a family history of early death, yeah, that changes your outlook.

[@BF2021-kf8xz]

I'm 55 and would like to retire at 65. The hardest aspect is getting a handle on our expenses. We're a little disorganized, too many accounts, too many credit cards, and wife who tends to spend more than me. And sobering to realize that, unlike younger years in career when you could hope for promotions or bonuses, at 55 I don't see that happening.

[@RetirementTalk43]

BF: I found that occasionally changing companies helps salary bumps.

[@BF2021-kf8xz]

@@RetirementTalk43 I’ve done that a few times. I’ve been in current job 4 years and it’s perfect fit. Hoping it’s my last stop.

[@randolphh8005]

If you get serious about planning, debt reduction, and saving, you can make a LOT of progress in 10 years.

[@CarnacTheMagnificent]

I recently read Chris Carroll's "Purpose And A Paycheck", and recommend it. 😊

[@CarnacTheMagnificent]

Chris Farrell

[@RetirementTalk43]

@@CarnacTheMagnificent i am aware of the book and its theme but haven't read it yet. Thanks.

[@ryanretirement6662]

I retired at 33 years old i am 37 years old now. I never regret retired early at all. I work at the job i hated for 12 years i finally escape the rat race. Doing my retirement i go camping, hunting deer, hiking, fishing and travel to different country 2 time a year.

[@sonhuynh8222]

Retired at 33? Wtf did you do for a living? Inheritance….✌🏽

[@ryanretirement6662]

@@sonhuynh8222 I get rich investing crypto.

[@RetirementTalk43]

ryan: you must have made a fortune and invested well. A 50 year retirement is very difficult to fund and your SS probably won't be much.

[@jackbauer9347]

And what do you about health care son?

[@ivearies4187]

Hood for you! I am 55 and wish I could retire NOW. I am a master when it comes to finding something to do. I am not planning to have a full time job after 65. No way! Enjoy retirement!

[@RetirementTalk43]

If you have a job, you aren't really retired.

[@josephcler3299]

I also was going to wait till 70 for S.S. After thinking about it though I decided to take my money earlier. So I still have the energy to enjoy it.

[@RetirementTalk43]

As long as you have a viable financial plan for a long life.

[@spainj125]

I am not retired yet...but definitely think it is best to think about these things over years before you do, so you have a plan in place. Humans have a built in need to be productive...There are so many things you can do though, that I don't know how people are bored. I've thought 1.) golf lessons and play, 2.) pickleball lessons and play, 3.) get an tutor and learn Spanish or another foreign language, 4.) dance lessons and go to dance. And The final one, which I think is most important and so many overlook...Volunteer!! There are so so many organizations that need help but their prime hours are M-F mornings or afternoons. When we give to others, that gives value and meaning to our lives.

[@RetirementTalk43]

Thanks for your thoughts, spain.

[@billyrayband]

Do it with zero debt, that gets rid of a lot of worries. If you are in your 60s, try to keep your feet in the market, don't follow traditional advice and pull out too soon. I think for most taking SS at about 65-67 is the way to go, I don't like the 62ers unless your health is bad. Waiting to 70 is really about your spouses SS and health. If you are trying to retire around 55-59, you want to keep a 401K plan with some money in it, as you can withdraw from it sooner than an IRA.

[@RetirementTalk43]

Thanks for your comments Billy.

[@damncars2618]

Planning on taking SS in a year at FRA. My wife is 24 and I'll get a 50% boost if we have a baby. I got swimmers and I'm not afraid of taking a dip in the fountain of youth.

[@RetirementTalk43]

damn: Sounds like a good idea for a SitCom.

[@damncars2618]

@@RetirementTalk43 I call it "A Man's reproductive Right is not equal to a Woman's" 😆

[@richkuban2027]

Sorry, but I find it funny when recent retirees comment on whether retiring when they did was a good idea or not. Anything less than 5 - 10 years is too soon to tell. Let’s see how all these retirees feel when we get a real bear market, or investment returns take a nosedive for a few years. I am watching people who bought larger properties when they retire realize how much work it is when they are able to do less physically due to aging. Planning and working now to sell our house so we can rent an apartment and travel whenever we want. Built our house 25 years ago, and the regular maintenance just takes up too many days of nice weather. I do enjoy your videos! Please keep them coming.

[@RetirementTalk43]

Thanks Rich. Yeah I know things can and will change. As I said in the video, when the stock market drops, I'm sure I'll feel differently.

[@tombkk1322]

@@RetirementTalk43Howard, that’s when our fixed income(bonds and cash) come to the rescue. Down markets are another opportunity to capitalize on. 😊

[@johncarlson6472]

Young men take heed. The younger you are that you realize "things" don't make you happy, the better. From that point on, the world is your oyster. I decided decades ago to live way, way below my means, which allowed me to comfortably retire at 62. The stress reducing aspect of financial stability in retirement and the freedom that comes with it cannot be over-stated.

[@RetirementTalk43]

Women too.

[@bradk7653]

I retired 18 months ago, the day I turned 60. This is about the best thing I ever did. Our retirement nest egg up about 20% from the point when I retired. Word of advice: retire as soon as possible, don’t get stuck with the One More Year syndrome.

[@RetirementTalk43]

brad: good luck going forward.

[@lyceum4177]

My husband is 70 and 3/4 and simply doesn't wanna cut the chord of our clothing biz

[@RetirementTalk43]

If it's his own business, I can understand.

[@Pat7629]

I am 47 years old with a net worth of $3.1 million and am looking to retire by 50 at the latest. That seems young for some but after a 25 year career of working in corporate finance, which is very stressful, my mind desperately needs to detox permanently from the stress. I have spent a lot of time during the winters in West Palm Beach the last couple years and really like it there. I definitely want to be somewhere in South Florida but am trying to weigh options and choose somewhere that is social with a community feel but also near the water that is relaxing. I am also single.

[@RetirementTalk43]

Retiring at 50, i would probably use no more that a 2.5%-3.0% withdrawal rate.

[@Pat7629]

@@RetirementTalk43 I think that’s right for a “paper asset” portfolio. I do have a 7 figure brokerage account with mostly ETFs and index funds that I don’t plan on touching for decades. I also own 5 residential rental properties that have produced consistently growing income for the past 15+ years. I make over 100k/year on those alone net of all expenses so just plan on living on that from age 50-65. My net worth will be approximately $4 million by age 50.

[@randolphh8005]

I thought this was an add posted on a dating site!

[@Pat7629]

@@randolphh8005 it could be if you know anyone interested lol

[@BlueJeansandJellyBeans]

Thanks.

[@RetirementTalk43]

Thank you, Blue.

[@nobodynothing00000]

Right now at age 49, the plan is to retire from Government employment with 22 years of service at 62 YO, and move to Japan (but not Tokyo!) or the Philippine Islands and find some kind of part time employment. For example, what if there was some Hostel in Hiroshima that needed an English speaking front desk associate a few days a week. Who knows what the future will be like in the next 13 years.

[@RetirementTalk43]

nobody: That's the goal; have a plan.

[@medwayhistory3101]

I’m working as much as I can in order to retire at age 55, five years from now. In five years, I will not have a mortgage or debt in any form and my defined benefit will be maxed. I am stacking in the stock market but have transitioned to mostly fixed income in my registers accounts that I maximize contributions too each year for the last couple of years. I’m hoping not to retire into a depression!!! Good luck everyone!!!

[@RetirementTalk43]

med: Depression? I think you'll be safe.

[@StorytellerSueW]

Just was retired, 9 months earlier than my exit plan, at age 65 on May 31. All good. I can make it work, and it was beyond time to leave the salt mines behind. I'll get my first SS check in three weeks. Women in my family do not typically live long - in fact, I am the oldest female thus far, bar two people. So I want and need to enjoy the youth of my last chapter. I have plans to do gig work in my profession. But then again? Maybe not. We'll see....

[@RetirementTalk43]

Sue: Try relaxing first and doing some things that give you joy.

[@StorytellerSueW]

@@RetirementTalk43 100% TY for replying!

[@user-ty2uz4gb7v]

Please consider using a remote microphone. Rather than talking at the camera built in mic from across the room.

[@RetirementTalk43]

Okay, I'll look into that.

[@josefperry3836]

I define retirement as a state where you love what you're doing. If you work 60 hours a week and you love it a lot, you're retired. I know a 21 year old who is "retired." He says he loves doing nothing.

[@RetirementTalk43]

josef: I'll stick with the traditional definition.

[@Jim1701X]

If I had those trees I’d start a wood mulch company or something like that. Maybe make biomass fire logs.

[@RetirementTalk43]

Jim: I like my trees. I just have a problem keeping up with them.

[@RetirementTalk43]

@@RickMartinKZbin I have no idea. In general, I am against cutting down trees but, they do need to be controlled and trimmed.