Is Your Current Retirement Plan Actually Hurting Your Savings?

[@ThisIsOurRetirement]

👉Get Exclusive NordVPN deal and + 4 extra months ➼ nordvpn.com/ourretirement It’s risk-free with Nord’s 30-day money-back guarantee! Limited Time Offer 🌎

[@Nepomuc]

Debt free is the secret. All the best for you both for 2025

[@ThisIsOurRetirement]

We think so too

[@DavidWelch-dq5wo]

I'm sitting here in the Algarve - in large part because of your advice and encouragement - enjoying a 3 euro bottle of JP wine. Tina's comment at the 12:50 mark on value for money is spot on!

[@ThisIsOurRetirement]

We are glad you are enjoying the Algarve and JP! Happy New Year

[@brendalabranche365]

Have fun! I agree with wintering in the Algarve as well.. ( I found a fav wine for $2.50 euro lol). We stay there for 2 months during our 🇨🇦 winter.. BUT looking for something slightly warmer for the first few weeks of January.. Tends to be rainy, windy just that period of time. You & spouse don’t find early January in Portugal slightly too cold for hiking, etc,,? Just wondering. Cheers and happy trails!

[@MarkPurnell-er1lx]

First, I love how Tina says Norm. So much love in the air. Yes, the fear of running out of money is real for many here in America. Taxes, healthcare costs, taxes weigh on the minds and hearts of our citizens. Did I say fear of increasing taxes 😮 Continue to bless us with your story. 😊

[@ThisIsOurRetirement]

Thanks for your comment Mark hoping you have a great 2025 Cheers 🥳🍻

[@williamjones4456]

We paid off the mortgage. Bought the downsized house with a heloc. Not ready to retire we rented out the downsized house to pay for the heloc. Saved in rrsp and tsfa. Maxed cpp contributions. Delayed oas and cpp.til 70. Sold the big house paid off the heloc,bought a condo and traveled. The residual was invested in mortgages, farmland and divend etfs. Now the rental pays my expenses. I'm going for a motorcycle tour in Colombia. This summer is a trip to Iceland. I'm still too young for the train or boat cruises but that will come. I thank you two for your insight of retirement , it made the transition to the unknown much easier. Ty Bill

[@ThisIsOurRetirement]

Your very welcome Bill glad we could help you move into retirement more easily all the best for 2025 Cheers 🥳🍷🍻

[@desertfish6239]

I was so nervous when I retired 18 months ago but now I am so glad that I did. Debt free is the way to go. Happy New Year all!

[@ThisIsOurRetirement]

Awesome we are so pleased for you 💕

[@therainchannel01]

it's great that you are still looking for great deals for travel .

[@ThisIsOurRetirement]

We are always looking 😎

[@Carnut26]

I too carried no debt upon retirement & pay off my credit card every month. It wasn’t easy to do at times. I watch what I do and it’s so liberating to not stress in retirement. I’m not rich by any means but manage my assets quite well and they’re growing.

[@ThisIsOurRetirement]

That’s great wishing you a Happy New Year 🥂🥳

[@nelsonoliveira1007]

Great video. I have 10 years left and will downsize from a Semi detached to a condo in Toronto. Thanks for your experience over the past few years.

[@ThisIsOurRetirement]

Glad it was helpful!

[@kkt552]

Thank you for sharing your idea and .....joy with the world! You both look so happy together:) I am new to your channel and it has been giving me a lot of info about retirement which I am not yet close to it YET. But, these videos do help me to plan and think ahead. Just want to say thank you for you both and keep up with this good work. -kk

[@ThisIsOurRetirement]

Welcome!! to our channel and thanks for subscribing we hope you find our videos helpful Happy New Year 🥳🥂

[@jorasparents]

I feel like this channel is on the cusp of blowing up and getting millions of subscribers. I've been watching for so long now, and although circumstances can be different in the U.S. where I am (in re: medical costs, for instance), I enjoy these retirement videos far more than any similar videos on YT. So relaxed and conversational and open about their own situation. (I do wonder what their kids thought about them going on YT -- if they thought they'd garner this type of viewership and success. Or their grandkids -- having grandparents who are YT celebrities must be kind of wild! :-D)

[@ThisIsOurRetirement]

That would be very cool thank you for watching and supporting us we really appreciate it cheers and Happy New Year 🇺🇸🥂🥳🇨🇦🍻

[@sagewellness4801]

Appreciate another great video. I will be retiring in 2025. I have fears of running out of money but have been inspired by your videos. We are decluttering to get ready to sell our home. We want to travel to warm weather to get away from the Canadian winters. Wish you both a Happy New Year!!!

[@ThisIsOurRetirement]

We wish you all the best for your retirement 🥳 and glad our videos have helped you , being able to go away to warmer places over winter is great have a great 2025 🥳🍷🍻

[@ceparksromanceharps]

Great video, Tina and Norm. I watched it twice. You made some wise decisions so you could retire early. Thanks for sharing. Now that I've been retired six months, my biggest fear is being isolated. Looking to move some where that people are willing to be friends. Happy holidays!

[@ThisIsOurRetirement]

Glad you enjoyed the video , we found moving to an apartment takes away some isolation as there is always someone to talk too . Joining senior centres is a great way to meet others don’t underestimate others want to meet you just as much as you do them .Happy New Year 🥳🥂🙂

[@kevintaylor8432]

Hi Tina and Norm I would love for you to do a video on how you find your travel deals. I’m having a hard time knowing where and when to look. Please consider this.

[@ThisIsOurRetirement]

Hi Kevin, we have touched on this in various videos and your suggestion is good for a video. In the meantime we subscribe to email lists like airlines, travel companies, cruise ship lines, TravelZoo, talk to friends, read travel forums and buy the Saturday newspaper that has a travel section for the adverts.

[@paulhunter6652]

Hi Norm and Tina: Great T-shirt. I saw Genesis perform the Lamb Lies down on Broadway at Maple Leaf Gardens. Also saw them at the University of Waterloo. Magnificent 7 and American stocks. Canadian markets are and will be underperforming. Biggest fear in retirement is time. Cheers! P&H

[@arnoldmonk6381]

If you’re a Genesis fan check out the band Musical Box, they cover Genesis tracks live and are very good, additionally, Steve Hackett is still touring with a great support band doing many of the old tracks.

[@ThisIsOurRetirement]

Happy New Year Paul and Helen and happy safe travels 🥂🥳✈️🚢

[@paulhunter6652]

@@ThisIsOurRetirement. Happy New Year!

[@paulhunter6652]

@@arnoldmonk6381 I have heard of the musical box. I will check them out sometime. Thanks

[@strawberries1411]

My biggest worries is that I miscalculated our financial planning, that the money will not last because of sudden devaluation and ofcourse our health....will be retiring within 6 months, selling the house, finding a rental and go travelling between our native country, home country and all other places we want to visit. I have been working 44+ years, my whole adult life and although really long to retire, letting go is like mental gymnastic for me...but ready or not it will happen and everything will be ok..

[@ThisIsOurRetirement]

We so understand how you feel we were there 10 years ago , we did it and so can you . We had that fear but you know it all worked out and we are so happy for you that you will do the same . Health and Time is more important than money 💰 Wishing you a very Happy New Year 🥳🥂

[@strawberries1411]

@@ThisIsOurRetirement Watching channels like yours helps a lot..full of information, no nonsense, down to earth, not just blitz and glitz, nothing to difficult.. thanks for helping so many people like me. Happy New Year to you too🥂🌻

[@ThisIsOurRetirement]

Your very welcome 🙂

[@MrGearoid65]

Great video Tina and Norm. I love to hear you tell your story. Thank you for the great advice as always. Am with you on being debt-free too.😊😊

[@ThisIsOurRetirement]

You are so welcome glad you enjoyed it wishing you all the best for 2025 🇮🇪🍷🍻🇨🇦

[@darcysalmon7781]

I just absolutely love your videos!!! ❤

[@ThisIsOurRetirement]

Thank you so much!!

[@CornHash849]

Happy, holiday's I love your retirement advice. I look forward to your video's. I am thinking of retirement within the next 18 months.

[@ThisIsOurRetirement]

You can do it! put a plan in place , we were 58 and 60 and have looked back Happy New Year 🥳🥂

[@dorinatudisco1308]

Happy holidays and happy new year, Norm and Tina!

[@ThisIsOurRetirement]

Thank you Happy New Year 🥳🥂

[@lovelyfish8053]

Thank you for your video ,,if your all cost monthly3000 and your combined retirement income is 2600 is very hard for someone else to survive if they don’t have money in the bank .

[@ThisIsOurRetirement]

Yes it would be Happy New Year 🥳🥂

[@MariaSantos-fw8vu]

Merry Christmas and a happy new year Tina and Norm🎄🎄🎄

[@ThisIsOurRetirement]

Thank you Maria!

[@robertross8565]

Thanks.

[@Jfhelwig]

Love Genesis!!!! Been waiting for that one

[@ThisIsOurRetirement]

Great band 🎸🎼🍻

[@monalisa233]

Trying to decide what month to retire in 2025. Have a trip planned to London with the family in Oct. So hoping to before then! Thanks for all the advice. Got everything invested and a pension and SS. Covered and planned as much as I could!

[@ThisIsOurRetirement]

Good luck, it will be great, congratulations

[@sammie44]

Good afternoon Tina and Norm. 😊 Your story is inspiring and one can really learn from it. I know who does worry about this fear! Not having saved enough, deciding to rent early in life, not purchasing a house, a wise investment, in their younger years so they could sell it later in their life, where they would have made a profit, was a poor choice of use of their money. Now they’re worried! !! The problem is that it affects other people, like adult children, who worry about their parent’s living situation and might need to take care of them financially, as well. A serious money situation to reflect on during the younger, healthy, money making, employment, independent years. A sad situation indeed. One cannot just say “well they made thei bed, now they lie in it”, because it does affect others. 😔 It pays to save! Take care 😊 Sam 🌷

[@ThisIsOurRetirement]

Thanks for sharing Sam wishing you all the best for a great 2025 🥳🍷☕️

[@sammie44]

@@ThisIsOurRetirementThanks guys! 😊 I intend to have a great 2025! Wishing you as well a great year! May it be the best year yet! Happy New Year! Safe travels. 🎉 🥳 🥂 🛳️ 🏖️

[@Didi-CatLover3]

In the USA most senior women will at some point go into poverty if they live a long life. Women make only 75cents compared to Men $1. Impacts ability to own home & save retirement. Also more seniors need a care home the last 3-5 years of life. Can cost $4000 to $6000 a month. Memory care can cost $8000 to $10,000 mo. If the government pays for it you are in an awful facility. Medicare (senior health plans) & perscription costs have greatly out paced inflation last 20 years. Medical insurance & copays are now my largest expense equal or more than housing. I saved my whole life, I want to travel but health issues now keep me at home. You are correct in saying do not wait to retire & do your bucket list now. I have enjoyed your videos, sharing information & seeing how you lovingly interact with each other. Happy New Year!

[@mjmuir662]

OMG we’ve paid taxes all our lives and we have excellent healthcare with no costs 🇨🇦

[@ThisIsOurRetirement]

Thanks for sharing Happy New Year 🥳🇺🇸🇨🇦🥂

[@Jocantral]

Thank you Tina and Norm for sharing all of your great information. And for being two lovely people - just like chatting with old friends. I wish you continued success and health in the upcoming year. And of course more great travel experiences!. xo Jo

[@ThisIsOurRetirement]

Thanks so much Jo for your kind words we wish you a very Happy New Year in 2025🥂🥳🌺

[@terihandrick2333]

I totally agree with you both, you need to be debt free. We should be debt free by summer 2025. Looking forward to making my day my own.

[@ThisIsOurRetirement]

Thanks Teri and congratulations on your debt free journey.

[@leannecorvington2457]

Love the tshirt Norm. My fave

[@ThisIsOurRetirement]

Back to rockin 🎸

[@willay747]

Oh yeah! Love Genesis!! 😊

[@ThisIsOurRetirement]

Great band 🎸🙂

[@sudburydrone466]

👍👍✌️ Debt free… best advice ever…

[@ThisIsOurRetirement]

We agree! wishing you a great 2025 🥳🍻

[@iniabellepaz445]

Hi Tina and Norm, as always great information and advice! Here is to 100k in 2025!!!

[@ThisIsOurRetirement]

Fingers crossed! Happy New Year 🥂🥳

[@karendunn866]

I think retiring as a single is very different than retiring as a couple. Still paying off the mortgage on my condo. Won’t be able to retire until I’m 65. Slow but sure. Merry Christmas and All the best in 2025. Blessings to you both. ❤

[@ThisIsOurRetirement]

We do agree with you Karen, Merry Christmas and a Happy New Year.

[@cynthiazick3125]

you guys are so awesome! I have found your videos inspiring, and your soothing, encouraging voices .... I am semi- retired since 2022. lots of good ideas, thanks for your videos! yes, I worry about not having enough money.... and many things. I would like to move to a retirement ranch, but my 2 unit is part of my income plan .... rental income helps a lot.

[@ThisIsOurRetirement]

Glad you enjoy our videos Cynthia have a great 2025 🥳☕️

[@theneverendingjourneyoflif1482]

We had no fears entering retirement. We always lived below our means. Didn't waste money and saved. It just that simple! It was easier than dealing with incompetence bosses, spoiled children and self-serving politicians. We continue this in retirement and it works. What is really hard is spending money in retirement until someone said," spend you money otherwise your kids will have no problem spending it". LOL I know it sound simple because it is! If you haven't followed this advice its never to late to start!

[@ThisIsOurRetirement]

We agree with everything you said, thanks for sharing this

[@michaelratchford9508]

I think for many Americans,myself included,the cost of long term care is a concern. Even well thought out financial plans can be devastated if you or your spouse has to be placed in a facility for an extensive time. It would not be unusual for care to cost 100k a year.

[@ThisIsOurRetirement]

It is difficult, part of retirement planning in the U.S. could be buying long term care insurance.

[@JohnHughes-x7p]

My advice...chill out..stop worrying...enjoy your retirement....

[@ThisIsOurRetirement]

Great advice

[@Silken255]

$3000 a month is what rent costs here in Vancouver, bc. Hence, why my husband and I are looking to retire to a smaller city after selling our house. Maybe a smaller town in Ontario.

[@ThisIsOurRetirement]

We moved to a cheaper area and it’s worked out great

[@nancyc7629]

I love you two ❤

[@ThisIsOurRetirement]

Thanks Nancy 💕

[@stephenandrew6410]

Wow! 3,000 a month! I am thinking I would be lucky to get by on 6,000.

[@ThisIsOurRetirement]

That’s just monthly costs , doesn’t include travel Happy New Year 🥂🥳

[@positiveliving.]

Appreciate the transparency in you letting people know your monthly cost of living budget and your annual travel budget. I am calculating our monthly cost of living budget with everything to also be around CAN$3000 and our travel budget to be around $CAN30,000 once we fully retire in the next year or two. You are correct in that being debt free, including no mortgage is the key that unlocks it all.

[@ThisIsOurRetirement]

Sounds like a great well thought out plan Happy New Year 🥂🥳🇨🇦

[@gregmurphygolf]

Not Cheap, just Thrifty! 😶

[@ThisIsOurRetirement]

Yes Greg well put 👍

[@BarbaraFrandsen-v4k]

Hello! I enjoyed this video such good points. I live a debt free life as well worked hard to be that way. Just wondering if you are comfortable sharing your CPP amounts and what age did you each begin? Thanks kindly.

[@ThisIsOurRetirement]

We took CPP early at 60, we get 50% as we worked in both England and Canada

[@robertross8565]

Wow. That’s a great budget excluding travel. Totally agree about being debt free and watching credit card day. My biggest fear is my wife spending like a drunken sailor in retirement.

[@robertross8565]

Oops. I meant to say credit card debt.

[@ThisIsOurRetirement]

Too funny Robert Happy New Year 🥳🥂

[@iang4338]

Thanks for the video. Wife and I are UK expats and contribute to NI (part 3 I think, about US$20 each a month), so per our statements we'll get a full UK pension at age 67. This is in addition to our US social security. You are the first people I've heard of successfully getting both (albeit in Canada). So I guess my question is, this is legit, it works, you got both without a problem? Thanks again.

[@ThisIsOurRetirement]

Yes no problem 😉 it’s works well getting both Happy New Year 🥳🥂🇺🇸🇨🇦

[@debbie8935]

In the USA, it is healthcare. Definitely my biggest fear. Started working with a financial planner, a fiduciary, and that is helping a lot. Also, Trump. He is so unpredictable.

[@ThisIsOurRetirement]

Yes we can imagine healthcare is of great concern Debbie.

[@Mike-t7l2g]

Be debt-free! Words of wisdom to be sure...❤ Great advice as per usual my friends!-Mike from Ottawa🍻🥂🏒🥅

[@ThisIsOurRetirement]

Thanks Mike wishing you all the best and a very Happy New Year 🥳🥂

[@Mike-t7l2g]

@@ThisIsOurRetirement 🍻

[@bl_leafkid4322]

When you've been in Portugal how did you like the Piri Piri chicken with the small potatoes??

[@ThisIsOurRetirement]

We actually haven’t had that dish 🙂

[@mecasgrand]

I wake up at night with concerns but I should mention that we just sold the house and we will be in SE Asia in February. Crazy but it will be amazing!

[@ThisIsOurRetirement]

Have a great time in Asia 🍻🥳🍷

[@seolfor4797]

Hi Tina and Norm - happy Boxing Day!! My wife and I wanted to thank you for all of your valuable advice this year - I’m retiring in 2025 and you’ve really helped me plan for a successful retirement:). All the best to you both in 2025 🎉

[@ThisIsOurRetirement]

Thank you saying this, we wish you a wonderful retirement in 2025 💕

[@annamyers9492]

I live in the US. My biggest fear is the cost of health insurance and medical bills. That’s what will keep me working longer.

[@dlg5485]

The absurd healthcare system in the USA is just one of many reasons I plan to retire elsewhere. There are MANY wonderful countries in the world that have excellent and affordable healthcare, as well as many other attractions. The USA isn't the end all be all.

[@ThisIsOurRetirement]

Yes we do understand that is a big cost to budget for wishing you a Happy New Year 🥂🥳🇺🇸🇨🇦

[@ThisIsOurRetirement]

True but lots of people don’t wish to leave what they have grown up with or are familiar with , same reason we love Canada 🇨🇦 . In many places the language barrier just makes it not a viable option but we wish you all the best Happy New Year 🇺🇸🥂🥳🇨🇦

[@annegormely6003]

In the USA if you tried to live on $3k a month it would be in a cardboard box under a bridge.

[@dlg5485]

@@ThisIsOurRetirement Of course you are right that most people don't want to stray too far from what they are use to. However, it is good to have new experiences, especially in retirement. Getting out of your comfort zone can even improve mental and physical health. Things like learning a new language, for example, have been shown to improve mental acuity. I'm not saying it's right for everyone, but no one should let fear of the unknown keep them from exploring.

[@TheAngela2C]

HI Guys, what company did you travel with to go to Iceland?

[@ThisIsOurRetirement]

It was advertised on TravelZoo and the company was Trafalgar Tours, England, they no longer sell in Canada

[@RobertsActiveRetirement]

Retirement is nothing to be scared of, just the opposite.

[@ThisIsOurRetirement]

It is a huge transition

[@lindadorman2869]

My biggest retirement fear is my health. I was always in good health until this year. Now age 64, I've been sick most of the year which prevented me from traveling or even leaving the house. I'm spending a lot more on medical insurance, prescription drugs, lab tests and other costs. Living alone, I'm very worried my health will continue to worsen and I won't be able to take care of myself. It's a big fear because there's so little you can do to predict the future of your health.

[@ThisIsOurRetirement]

Sorry to hear this Linda and we hope you get better soon , we have found that on our latest trips we seem to picking up more Flu type symptoms which now seems to be the norm if you are travelling either ✈️ planes , Cruise 🚢 or even car trips . We wish you a better 2025 perhaps join a support group of other single women might help you 🇺🇸🌺🇨🇦

[@yvonnegstewart7400]

I think the biggest fear in the U.S. is the medical expenses that come in our senior years. We have to be aware that if we run out of money and go on Medicaid, after we died the state takes back all the money they spent on your care from anything left that you own. Home etc. Your medical care in a nursing home can run 8-9 thousand a month.

[@ThisIsOurRetirement]

That is a shame and must be a source of worry for elderly seniors.

[@kjcornish3468]

Hello. I am in the UK, aged 64 and hoping to retire next year close to my 65th birthday in Oct 25. Our household income (wife - retired for 8yrs already and myself) per month after tax will be around £3500 (CAD 6300). I am ex-Royal Navy (28 yrs), so have a great pension from that and have a small civil service pension. I have about £125,000 in ISAs/private pension/other investments and will receive my state pension in May 27. I have no idea why I am scared of retiring as financially, I can afford to retire (no mortagage for 13 yrs and zero debt). I also have a side hustle as a personal trainer earning me about £250 per month. I have said that I will many times. My wife, work colleagues and mates are just fed up with me talking about it!! The only thing I can think of that stopping me is that I mostly like my job and maybe I am a workaholic. I do need to be very busy. HELP!

[@ThisIsOurRetirement]

Best advice and please listen…..health health health, don’t work until you can’t have a good healthy retirement, it’s not worth giving your employer your precious health. p.s. I was a Ganges boy.

[@kjcornish3468]

@@ThisIsOurRetirement I agree that health is the most important. Thankfully, I am still in good health, but of course we don't know what's around the corner. Even as a PT, I know that I have slowed down in the last few years/can't lift such heavy weights etc. I joined the navy in October 77 at Raleigh so the year after Ganges closed! Your viewers are going to wonder what we are talking about!!

[@chrisj6321]

Is your Canadian pension reduced because u have a british one? It's like that in Australia the Australian pension is reduced if u have a uk one :(

[@ThisIsOurRetirement]

Not really the Canadian and British pensions are based on contributions, we worked half our life in each country so we get half a pension from both. There is no means testing in Canada for benefits other than if you require state funded long term care. We could have bought years into the British OAP to increase the size of the payout but didn’t do that.

[@markbajek2541]

Regarding being cheap, for those in the US just a reminder , some of your Burger King rewards points may be expiring on 12/31 ...go get a sandwich or two before you lose those point values to the wind.

[@ThisIsOurRetirement]

Thanks for sharing to our USA 🇺🇸 viewers Mark 🍔🍔have a great 2025 Cheers 🇺🇸🥳🇨🇦🍻

[@thomaschew2191]

Our fear is not having enough money. That is it, period. Some might call it irrational because if we factor what our income would be if we retired at the end of 2025 (Sue needs to work until the end of 2025 for paid lifetime healthcare insurance) our retirement income would be twice as much as our current monthly expenses. We want to factor in some upgrades to our home that of course will be a cost item. It has been 7 years since we paid off our mortgage and completely debt free for 2 years now and currently putting 50% of our income into investments.

[@ThisIsOurRetirement]

If you will be getting double what your expenses are now sounds great , maybe do the upgrades now while you are both working. We solved that problem by selling the house and renting took all unexpected expenses and maintenance away and we then just had a rent payment .Happy New Year 🥂🥳

[@thomaschew2191]

We have thought about selling our home but it is in semi-rural North East Pennsylvania, a place that has a low cost of living. Its nice but not extravagant we have almost 4 acres mostly wooded very quiet. Our cost to pay for insurance, property taxes, electricity, gas and oil is less than $900/month, our (retirement) income at the end of next year if we chose to call it quits would be north of $7400/month but there are also expenses like food and transportation.

[@thomascunningham111]

To Tina and Norm: Trump said that America should consider making Canada the 51st state. What is your opinion of this?

[@ThisIsOurRetirement]

Total joke, will never happen.

[@pensacola321]

I am 75. Plenty of money and insurance. Just one fear left..😏🥺

[@ThisIsOurRetirement]

And are you going to share 🤔Happy New Year 🇺🇸🥂🥳🇨🇦

[@oldbloke204]

Not so much a fear as much as a thought bubble really but I wonder how long the things that most take for granted, in this cas things like Govt. Pensions, Healthcare or even Investment returns etc, can keep going given increasingly aging, and expensive, populations and burgeoning Govt. debt in most places. What will the world look like in 10 years and how much will the money we have now be worth then? As boring as most will find it I'm more than happy to be growing some of our own food, harvesting rainwater and firewood and ensuring that the basics we need in life are covered. We have the financial side pretty well sorted, I think, but being able to fall back on property and supplies if things go wrong is a nice feeling. It's going to be interesting to see what the financial advisor I will be seeing in a few weeks has to say and whether the way we're doing things is as financially sound as I think that they are. Either way going back to work isn't an option even though I could if needed.

[@ThisIsOurRetirement]

It’s good you are thinking things through, the arguments that governments put forward about falling birth rates is the immigration idea that we can import people in useful occupations and help offset the aging population.

[@oldbloke204]

@@ThisIsOurRetirement Their main reason, imo, for doing this is more to pump up GDP so that they aren't seen to be creating a recession. I think that your Govt. head honcho has just admitted defeat on this topic as have some other countries as the obvious outcomes have started to become too obvious for them to keep pretending don't exist. Huge housing cost increases here and pressure on services are a couple of the things I'm seeing and the UK is looking like a worse basket case every week. We do have a very healthy number of Uber Eats and Uber drivers though. Oh well our Tomatoes are ripening and we're eating some of our own stuff in every meal so all is good with the world. 🤣🤣

[@ThisIsOurRetirement]

Wow tomatoes, it’s way too cold here. Yes our immigration policy is a disaster, the GDP is bad too and housing prices have gone crazy.

[@oldbloke204]

@@ThisIsOurRetirement Yeah being too cold really aren't words you hear too often around us. Temps have been all over the place. Nearly 40c on Christmas day and today it would be lucky to be much above 20. About to fry up one of our Tomatoes with some Crumbed Loin Chops for lunch. Yummo.

[@rondela7341]

Great vid again. Looks like you guys have planned ahead carefully. Hate to ask but have you guys planned, heaven fobids, if one of you are to pass. Sorry, no need to answer.

[@ThisIsOurRetirement]

Yes we have and have even prepaid funerals as well.

[@sharonlynnbartlett4301]

I’m really afraid about our future here in the United states our government is so messed up.

[@ThisIsOurRetirement]

I think all western countries are going through this too, Canada is too. Let’s hope things get better for the average citizen no matter what political colour.

[@billbeard9588]

When I first retired, money was my biggest fear. Well, remember when you were working, every time you got a raise, your expenses rose to meet your new income? Turns out you can crank that machine in reverse! Now my biggest fear is that I might have an insufficient amount of fun during my next 50 years. 🎉

[@ThisIsOurRetirement]

Strange it’s hard to go from saving to spending money 💰 wishing you a Happy New year having lots of fun 🤩

[@JimBland-f9j]

We sold the house for more money than expected, rent a new apartment, social life is greatly improved, money is invested in safe investments. We have planned a 28 day Europe trip, costly but barely touching our portfolio. Peace of mind that we are extremely unlikely to outlive our money. This was the 1st Christmas that any small debt on a credit card was paid off in full before Dec. 25th. My favourite line when people ask that standard question “ how are you?” Answer “CONTENT” no fear. Retirement for us is the dream of a lifetime come true. The worst 4 letter word is “work”. Never again. We are as happy as Norm & Tina.

[@ThisIsOurRetirement]

We are very pleased for you Jim, have a great European trip!

[@suebee1540]

I sold my almost paid for house in 2007 to move in with my daughter and help her out. I spent the money within 4 years. Now I am living alone in a rental and co signed a loan that she can't pay. Learn from my mistakes. I have.

[@ThisIsOurRetirement]

So sorry to hear this Sue , especially as you were trying to her your daughter wishing you better times ahead 🌺🤗

[@positiveliving.]

Sad to hear this. Co-signing loans for other people, even your own kids, is very bad. There is a reason that banks won't lend them money.

[@andrearheintgen8523]

25K per year just for travel ❤ Well done

[@ThisIsOurRetirement]

Thanks Happy New Year 🥳🥂

[@andrearheintgen8523]

@@ThisIsOurRetirement Happy New Year and new subscriber- many thanks for your experiences and knowledge

[@ThisIsOurRetirement]

Welcome to our channel 🙂

[@lisag-posty]

I’m trying to retire in less than 2 years. My biggest fear is not having enough money and the cost for medical insurance. Hope you both have a happy new year! 🎉 love your videos. Looks like you will hit 100k subscribers soon!

[@ThisIsOurRetirement]

We hope you get to retire soon Lisa 🥳 try do a budget with medical insurance and hopefully make it work , we are very excited to be getting near to 100k subscribers Happy New Year 🥳🥂

[@rickinmo6837]

❤❤❤

[@ThisIsOurRetirement]

Thanks

[@bdflavors1347]

How much did you retire with?

[@pattylyman7907]

Of course health is a huge fear. Thats why we retired at 58 while we were in great health and young. LOL

[@ThisIsOurRetirement]

That’s great Patty we were 58 and 60 and have never looked back have a great 2025 🥳🍷🌺

[@maryjoan4128]

My fear is the decline of democracy in north America... I fear the cuurent debocal will impact seniors and RSPs. RIFS....also down sizing in most expensive cities doesn't work anymore sadly ....its hard to find a cheaper place to live

[@ThisIsOurRetirement]

That’s why we downsized to a cheaper city

[@daviddrew4000]

$3000 a month where are you living ??? Sell the house and put 50 % into Equities at your age is in my opinion not the smart move , maybe 35% max and right now I think Equities might have had their run for the moment. The #1 retirement fear has to be HEALTH- #2 HEALTH- #3 HEALTH . But if you or your partner don’t get hit by a health issue I find it’s not on people’s Radar the way it should be .

[@ThisIsOurRetirement]

Southern Ontario, we have rented our apartment for 10 years, so it’s a locked in price. awe feel 50% aristocrat divided stocks to be good for us, below that inflation is taking a big bite.

[@playingthru2009]

If we don't get rid of Trudeau, we'll be working until we're 90.

[@ThisIsOurRetirement]

Happy New Year

[@mjmuir662]

Too bad u think that way and didn’t save while you worked

[@CitizenTurtleIsland]

I'm actually worried that Conservatives will "short change" retirees who are at the end of the so called Baby Boom and those who follow. For example, OAS eligibility might go up to 67 or higher. They are much more inclined to do this... as well as cut spending on programs like GIS that many, many seniors depend on, just to get by. The political clout of senior voters in Canada... is probably stil there but possibly diminishing? More and more people in many liberal democracies seem to be disenchanted with politicians in power. Getting rid of them will not make life better, in most cases... probably just the opposite. Never voted for J. Trudeau but I sure don't think he's my biggest worry!

[@dougdoty4718]

This is my concern too We leave for two months to Philipeans and Veitnam. Is the Canadain dollar going to lose even more? And yes paid off is important: says the guy oweing more than, 700 thousand $, but all for tax reasons.😅

[@playingthru2009]

@ Too bad you don’t recognize humour and you have no idea about my finances.