Rethink Retirement - well-being beyond your bank account | Clare Davenport | TEDxBYU

[@ClarkeGriffiny7]

High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@JohnSmith060]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.

[@HectorWhitney]

People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $275k to around $750k.

[@BellamyGriffin19]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@HectorWhitney]

“Sophia Maurine Lanting” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

[@ChristianKelv]

Thank you for this tip. It was easy to find your coach on web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@ithacacomments4811]

I retired six years ago at age 66. I embrace slow living. I embrace minimalism. Quality of life.

[@designing4better305]

thanks for sharing

[@borisyurinov4822]

I'm 35 and I want to retire at 40. By that I mean being financially independent and only doing what I want to do.

[@miguelwc]

I can agree with all except the minimalism part,... especially if it's because you don't have any money left.

[@DonaldMark-ne7se]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@Odmark-u5f]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@PhilomenaCopple]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@NoorFrohock]

How can I reach this person?

[@PhilomenaCopple]

'Carol Vivian Constable’ maintains an online presence. Just make a simple search for her name online.

[@NoorFrohock]

I checked Carol up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

[@ABAdams]

5 years ago, we sold our business. I'm so busy now, I have no idea how I ever had the time to go to work! Reading and learning, cycling and skiing, hanging out with friends and neighbors. Travel, camping, gardening. There's so many wonderful ways to engage your mind and body. Volunteer, work for a charity. Leave the world a better place for your grandchildren. Ultimately, it's all your choice.

[@nata3467]

You are living my plan... physical exercise, volunteering,maybe side hustle to diffuse any financial stress....

[@BigLar56321]

Agree completely. I recently retired and after a first month of uncertainty I am busy with several volunteer projects, as well as exercising and being more involved with my religious community. My house has never been in better order, inside and out. Not missing work in the least.

[@davidroush1224]

That phrase is the sing of a happy/perfect retirement; "I don't know how I ever had time to go to work." My dad said that a few years into his retirement and I paid attention. My parents became more active and outgoing after retirement so much so that they had to put a calendar on the fridge to keep track of their events with friends and family. They never had a calendar in the house when going up. I'm happy to say I followed dad & mom's footsteps and am keeping busy. Even more than they are so maybe overdoing it, but it seems to more I do the more fun it is. My recommendation is to cultivate lots of outside interests before retirement so then you simply do those during your former work hours and it makes for an easier transiton.

[@claredavenport4005]

So great! Enjoy and keep growing.

[@ktjankabar]

Retired less than a year and filling my days with running, cycling, swimming, hiking, travel, photography, and other interests. So nice not to have to plan around a weekend, holidays or vacation to do what I want. I feel sorry for those that don’t retire because “they don’t know what they would do with themselves.” There are endless things to do, and at your own pace. My fear is leaving this life without finishing my ever expanding “list”! 😀

[@karenk3593]

As a senior, I advise others to retire as early as possible, and learn how to live on less so that they can. I think what people need to do is actually talk to and listen to seniors who are retired, instead of young folk who think they know what it will be like for seniors after they have retired. Notice that all advice regarding retirement living/investing all focuses on long-term investments. What about the day you are ready to retire? If the stock market is in the gutter on that day, you don't have 10 or 20 years for it to recover, for one. Also, when you're 30 or 40 or even 50, you are thinking of what will make you happy at that age, and what you are physically able to do at that age. I learned, for instance, that I hurt a lot more at retirement age than I ever thought I would, and that I actually like staying home and don't really enjoy travel anymore -- so all those travel plans and hiking, etc., are no longer what I really want to do. Learn how to be content with less, with what you have - that's what I've learned is the true secret to happiness. And learn how to love doing nothing.

[@designing4better305]

Thank you for sharing! Great point

[@bethsutherland9568]

spot on!

[@heatherjay8802]

Well written, Karen. I’m glad we travelled when younger, as with health issues PLUS Covid, it wouldn’t have been possible to do the trips we did then, since we’ve retired. Whenever someone asked, “What do you plan to do when you retire?”, my answer was always, “Nothing. Lots of nothing.” Our lives were always full of schedules, time tables to adhere to & seemingly endless evening & weekend work for our jobs, so the thought of having NONE of that was my idea of bliss! And guess what? It is!

[@rasheed5457]

Wise words!

[@leonardvasilko]

@@rasheed5457 Bingo

[@andyk4972]

Retirement in my view is not necessarily about stopping, but having the freedom to use your time as you choose. It could include work, full time, part time, volunteering or whatever else you choose…. It’s the ‘freedom’ aspect. It gives more choices to find your way to fulfillment, better health or whatever it is you’re wanting… the hardest question for many of us in life, is ‘what do I want?’ and the less challenging part is figuring out how to find it… love the video and comments. Thank you

[@designing4better305]

Thank you so much! I agree - retirement is not about stopping!

[@larabraver]

Very well said!

[@Bethy177]

Couldn’t agree more - the day I realised I was “past the post” of financial freedom (at 51) was like being given wings.

[@nanniecath528]

Hit the nail right on the head!

[@jeffsmithist]

Retired three years ago as an international airline pilot, grad of BYU. Haven’t adapted well. Suppose it’s a Tuesday morning, temp outside is 42 degrees, it’s 10 AM. You’ve had a bite, listened to the news, worked out for an hour….now what? What do you do the rest of the day and tomorrow and the next. I’m going back to work this month as a corporate jet pilot. Can’t wait. Don’t need the money. Secret to life is someone to love, something to do and something to look forward to.

[@jamesgerboc]

I share your questions. But going back to work is not an option for everyone. In addition, I don’t think it’s wise. It says that your identity is tied to your job. You need a new role outside of the workplace. Nothing wrong with working till you die (unless you’re a pilot or something lol) but life is rich with other opportunities to diversify your experiences, friends, interests, etc.

[@minoozolala]

Good for you. Happy flying.

[@jeffb.2469]

Someone to love, something to do, and something to look forward to. Hopefully my retirement plan, stated in one simple sentence.

[@prydegirl]

It sounds like you love your job. If there is nothing else you would rather do, then do what you love. I’m about to retire, don’t get me wrong, I love my job, have been able to help a lot of people. But I want to do other things with my time, rather than sitting with a drill in my hand. Im looking to become instrument rated.

[@jamesgerboc]

@@prydegirl That’s great that you have a plan. That’s most important. My retirement wasn’t planned or thought out. I thought had at least 5 years to do that. Also my career was all consuming. I traveled and worked countless hours. Not must time to develop interests. Made some mistakes for sure. Good luck.

[@bernie9728]

Keep it simple people. Retiring for me was easy. Truth be told I never went to work because I wanted to, but since I was not independently wealthy and I liked to eat and have a roof over my head, so off to work I went. The goal from day one was to retire someday and my goal was to make sure that day came as soon as possible. I never hated work, but I never lost sight of the reason I was there. I retired in April of 2016 at age 62. Why 62? Simple, because that's when I could first get my Social Security. I know there are a lot of people who think you lose money by taking your Social Security at 62, but that simply isn't true. You see my monthly checks are smaller, but smaller checks don't mean less money. People seem to forget that I will get 48 more total checks than the person who waits until age 66 and 72 more checks than the person who waits until age 70. Since those two groups won't catch and pass me until age 80 I only had to ask myself one question: "would I rather have more retirement years when I was young enough to enjoy to enjoy them, or more money when I was 80. I took the time because time is the one thing money can't buy. I'm coming up on 7 years retired and I am having the time of my life. Retirement is the prize for a life well lived. It drives me nuts when I read about people who retired and end up going back to work because they are bored. If you get bored during retirement, you are doing retirement wrong.

[@howellwong11]

I took SS at 68 because it was when I retired. I'm 91 years old, so taking SS at 68 was a good move although it wasn't intentional. A lot of people took SS at 62 because they think that they might not live long.

[@gregorysalazar8370]

Retired as a Federal Agent at 47 years old, started and ran my Private Investigation Agency for 10 years, sold it, then became a Social Worker on an Apache Reservation for four years to give back to my community before I permanently retired to Mexico several years ago. Grew up as a poor farm boy who joined the Marine Corps at 18, then college at 22. I always lived a notch down from my peers. Learned to cook gourmet meals and embrace my passion of CrossFit and jungle hiking that I daily do here in Puerto Vallarta, Mexico.

[@LanceRomanceF4E]

65 and one month into retirement and already know I made a mistake. Left a fun job I loved because friends my age were retired and thought I was missing something. I wasn’t. Don’t retire if you love your job.

[@GoranIsmov]

My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@HenriDean]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.

[@OlgaRusov]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

[@MarioRo1]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

[@alexsteven.m6414]

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.

[@PremSteve-yg4de]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@NorthCarolinaForward]

It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.

[@antoniaribeiro8073]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@NorthCarolinaForward]

Sharon Marissa Wolfe is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@dengdelun3109]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@Riggsnic_co]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[@bob.weaver72]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@martingiavarini]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@TheJackCain-84]

Mind if I ask you to recommend this particular coach you using their service?

[@martingiavarini]

Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

[@TheJackCain-84]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@DennisJack-km8ho]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[@RuthEvelyn-rc3bg]

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

[@LuvmeRos]

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

[@albacus2400BC]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@LuvmeRos]

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@CrystalJoy-32]

I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.

[@cterrell4861]

I’m retired and while she speaks the truth, there are better resources out there. Her presentation, filled with unrelatable jingoism and buzzwords, reminded me of being in the office again. She takes nearly 15 minutes to convey one simple idea. You need to retire TO a new life, not FROM your old one.

[@JerryLuca-nm9ru55]

This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

[@LarryAnthony-ut8ok44]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $760k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@LarryAnthony-ut8ok44]

Stephanie Kopp Meeks is the licensed advisor I work with. Just research the name. You’d find available details to work with her and set up an appointment.

[@patty109109]

@@LarryAnthony-ut8ok44she is a criminal

[@Roxcare]

Mentiras si así fuera no estarías viendo este video

[@ammumeme5789]

My dad is a retired college professor. He is getting a second degree, and teaching students for free. Mom, a chemistry major, is learning the Qur'an in Arabic, something she never had time to do before retirement. Father in law, a retired physician and philanthropist, is very vested in maintaining family ties, calls all of us at least once a week. Wrote and self-published a book recently in his late eighties and runs a school/orphanage. I've learnt so much from them about retirement and aging gracefully. We can find and pursue a passion, learn new things, foster relationships either human or divine, do selfless acts for others.

[@franciscofletes1948]

Joined the Army at 18. Retired from the army at 39. Retired as a MAJ, full pension, invested well. Real estate with rental homes that cash flow well. Money was never going to be an issue. I happen to love golf and tennis. I love routines, guess the army got me into that. I planned my retirement for years. The day I left active duty I got on a plane to the Philippines where I already had a home that I had built little by little for the previous 3 years. It was exactly what I wanted. Home is in a country club with a golf course, tennis courts. I get up in the morning have my coffee, go to the country club, relax talking to expats, play some basketball or tennis or a round of golf, afternoon I watch a little tv, in the evenings I go to restaurants. Shopping on weekends, weekly massages and foot spa and pedicures. I volunteer and give some lectures at both the local university and the military bases here to stay active and engaged. Meet with expats and am involved with the local VFW and the VA clinic to help veterans. I love my life in retirement and 42 and I don’t plan on working for a paycheck ever again. I live in tagaytay philippines in my dream home, have condos in Manila and Cebu, as well as rental properties in Texas and Florida. I have a property manager in the states and I pay my brother to handle the day to day stuff back in the US. I really have zero interest in ever going back to the US or back into the workforce… I’m not bored at all. It’s been 3 years but I can’t see myself getting tired of my life.

[@jaluriaja6294]

Well I am 35 years old with no passive income and very little set aside for retirement at this point. I have always been curious about the stock market and have witnessed some people who played the game right and retired early because they used the stock market. When I ask them, most said that they invested very little to start with, but their portfolio grew. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns.

[@steffan683]

@@jaluriaja6294 Buy index funds if you wanna be safe, though you’d probably be better off just going to Vanguard or something for that

[@saanvi848]

@@steffan683 Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I'm buying again.

[@jaluriaja6294]

@@saanvi848 who is your financial coach, do you mind hooking me up?

[@saanvi848]

@@jaluriaja6294

[@NicholasBall130]

I recently retired and am uncertain if my 401(k) and IRA will provide a stable future. I need an investment approach that aligns with my risk tolerance and financial goals, for which I have set aside $1 million. Should I invest in stocks or buy a rental property?

[@StacieBMui]

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.

[@StocksWolf752]

I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

[@LiaStrings]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@StocksWolf752]

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sonya lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

[@grego6278]

Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.

[@Lemariecooper]

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

[@Lemariecooper]

The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets. get a financial assistant

[@jessicasquire]

I think this is also a great time to invest in private equity and cryto. Can you give a pointer ?

[@Lemariecooper]

I currently work with KATRINA VANRENSUM a financial expert i met in a seminar

[@jessicasquire]

I recently watched KATRINA VANRENSUM on TV , such a great speaker . but have you made any profit whatsoever working with her ?

[@Lemariecooper]

Yes I have made a very huge returns on my investment with Katrina

[@deadpoet62]

Let’s not sneak up on the future, let’s celebrate today! The problem for many people is they don’t except the fact we are going to die, it’s something we are not taught because it’s such a taboo subject. I retired at 73, got divorced the same year, moved into a rental apartment, realised property & possessions are the very things that keep us on the treadmill for all of those years, it’s as if we think we can take those things with us into the next life. We worry about our image & how others view us, nice car, beautiful home & garden. Comparing our children, making comparisons all our working lives & feeling inadequate if others seem to be doing better. I wake up now & think today is another adventure, today is the most important & only day we may have, embrace it like a sunrise!

[@WrldExplorer]

Nice.

[@claredavenport4005]

Love it! Thanks for sharing.

[@PaulMassingham]

Absolutely on the 'money', it's a little like subscribing to a definition of success, write your own don't sign up to someone else's.

[@jeffb.2469]

Well said.

[@jeniffermohammed9497]

What you said, and how you said it, got my attention. I am recently retired and constantly thinking of how to 'organize' it for optimal living. Your contribution is thought-provoking. Thank you.

[@bl1429]

I went back to work after retirement. The trick is, love what you're doing. I work because I want to, not because I have to.

[@teresatrigiani7838]

I have to ! But I havent yet stepped back into. Must perform passionate tasks that bring some money. So that loving what I'm doing is part of what I have to do, unless I always want to scrape along.( which so far has been beach-bum good)

[@Larissa-Raphaela]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@HarrisMarie-wl6bl]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@Larissa-Raphaela]

@@HarrisMarie-wl6bl That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@HarrisMarie-wl6bl]

@@Larissa-Raphaela My advisor is Victoria Carmen Santaella;

[@HarrisMarie-wl6bl]

You can look her up online

[@HarrisMarie-wl6bl]

Nah I Can't say I can relate, Victoria Carmen Santaella charge is one-off and pretty reasonable when compared to what I benefit in returns.

[@Erikkurilla01]

I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!

[@Erikkurilla01]

@Patrick Brussels What I think everyone need is a Financial Adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit

[@Erikkurilla01]

*KATRINA VANRENSUM* That's whom i work with.

[@Erikkurilla01]

KZbin is a public place; i can't drop her information here but You can just put her name on google and you will be directed to her website and drop her your message.

[@howellwong11]

You have done great. My pension and SS is more than enough to pay for all my living expenses, so I am secured in that sense. My health is what I am focused on at my age of 90 years.

[@24james]

You’re a legend in your own mind💯✔️

[@33Jenesis]

I have pension but at 57 my retirement pension isn’t big, enough to cover expenses. If I want to save cash for home improvement and car repair/replacement, I must cut out shopping. I have been retired a week. Every morning I take my elderly mother to use the community gym and then pool. I cook from scratch daily. I do whatever I want during the day and at night. My time with my mother is worth more than another 10 years of full time working.

[@Melaniejd902]

Congratulations on your retirement. I'm happy for you that you have this time with your mom. Enjoy! You will figure out how to overcome the challenges.

[@nicog2214]

Bravo Our elders need attention and care. I lost my job due to burn-out . I can't get another job so i choose to retire early.

[@33Jenesis]

@@nicog2214 Perhaps working part time for places like Home Depot or Starbucks. They provide healthcare and 401k for part timers I heard. I was considering doing that to save extra money for home reno and dental. However my boss just asked me to come back working part time at home on my own schedule. I can save $25k a year working 4 months. Anything now is better than nothing or later. Don’t give up. You may come a ross something good around the corner.

[@AETacts]

I'm in my 30s. I don't ever expect to be able to retire. So. I work part-time at a place that's ok. And part-time pursue a hobby/future career in something I love. Life is too short to wait till you're almost dead to actually live.

[@maryflaherty3409]

Brilliantly said “Life is too short to wait until you are almost dead to live”

[@johanwilmout4631]

You are wrong. Life is the longest thing you will ever do.

[@brianpolcik2669]

Thats a great quote but I dont see why you cant retire, i started over after a divorce in my late 30's and now at 45 im on track to have a comfortable retirement and possibly even stop working full time in my late 50s

[@dannysapp5305]

I started planning on retiring early when I was in my mid 20s. Every time I received money from working overtime I put that money into my retirement funds. I bought 401k and IRA Roth tax free accounts. I purchased the amount that the IRS would allow each year. I lived frugally each year. I did my research on my investments and invested in Microsoft, Apple, Home Depot, Lowes and Walmart stocks in the mid 1980s and the Ford Motor company when the car companies went to heck at the end of the George Bush fiasco in 2008. My total investments were approximately $300,000 over 30 years. I retired at 55 and my investments grew to 2.5 millions. Don’t believe and tell yourself you can’t and won’t. Tell yourself I can and I will. If you give up before you start you’ll never retire.

[@TexansForChrist]

And then, suddenly, a person starts a good family and realizes it's not all about themselves any more

[@Yahoo886]

I retired at 59, I have so many hobbies that my work always got in way of them…in many ways Im busier now than when I was working but without the stress of my medical career. Im a much calmer person and having fun. I know many medical providers that seem to know nothing else but the profession they do…a few love their work but most of them don’t. Im always amazed that people don’t know what to do with themselves post a career….fortunately for me that is not the case. I don’t miss my past career at all…love autonomy of my own time and pursing all my passions in life. 😊

[@eddiep5676]

Your comment hit hard. I’m 57, in my 25th year in a stressful medical specialty. Burning out faster every week & hoping to get out soon.

[@SammifromMiami]

@Seekingbuddah, kudos to you my brother! I retired 3 years ago and am approaching 60. I haven’t had such a good go of it as you. You must be single, lol. I actually did more outside work when I was working (60 hr weeks) than I do now. This woman’s video is what happened to me. Getting new energy to change my situation. Best to you.

[@63artemisia63]

@Seekingbuddah Maybe you haven’t found Buddha because you’re spelling his name wrong? ;o) Oops, I see it can be spelled either way 🤯

[@drizzt8965]

@@SammifromMiami Hey Sam, how are you doing?

[@SammifromMiami]

@@drizzt8965 ok. How 'bout you?

[@denisecarter5117]

I started working at a fast food restaurant as a delivery driver. I’ve worked 4 days a week for 3 hours for a year and a half. I have enjoyed getting out in all weather, speeding around town and especially meeting all the young people who work there. I’m soon turning 71. The money I don’t really need is nice to put in savings or give more to charity.

[@andyk4972]

Good for you…. It’s helped you find the joy and value in the things you’ve mentioned

[@designing4better305]

wow this is an inspirational story!

[@nicolasbenson009]

Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.

[@Michaelparker12]

This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?

[@nicolasbenson009]

Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.

[@BridgetMiller-]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@nicolasbenson009]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@berniceburgos-]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@mariadejucilene7659]

Invest in community, friendship, family and giving in your 40s and 50s, this is building for retirement 🙂

[@jamesgerboc]

Very wise comment

[@claredavenport4005]

thanks for sharing ... agree these are great ideas

[@sirheisenberg4459]

Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.

[@NorthCarolinaForward]

In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

[@belobelonce35]

I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.

[@firefighter-i6q]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@belobelonce35]

"Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@vanessahopkins-g5y]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@user-tj9bg6tz2p]

my wife and i are both 61. We dont have much money so the idea of spending the next 30 years on holiday or playing golf all day wont happen. However, we have three grandchildren under 3 y/o all of whom live near us. I think we'll be happy, focussed, busy and have an enormous sense of purpose and reward. Go us :)

[@kashaiq]

And that's why living now is so important. Acceptance as we travel through life changes is all part of living.

[@theothersideofego]

yes so true.

[@claredavenport4005]

Agree, getting comfortable and aware of who we are as we evolve is so important - thanks for sharing!

[@Oliviathe17th]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket.

[@CadeCowell-ft4fe]

Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.

[@MalikTillman-dy2qp]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.

[@MalikTillman-dy2qp]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Greg-vn9zi]

Wow, her track record looks really good from what I found online.i just messaged her, let's see how it goes. Thanks for the info

[@wordswordswords8203]

Here's my story. I retired at 57 due to health issues. I didn't want to. I was afraid that I wouldn't have enough money or enough engagement with life. I was right and one month after several months after retirement I was diagnosed with cancer. So I think you have to go with your gut. If you are really really ambivalent about leaving your job, maybe you shouldn't and if you can't afford to maybe you shouldn't. I think work is good for us, being engaged is good for us. It's bad if your job is way too hard or miserable but even then, complete leisure and no income can be worse. I have not found retirement much fun and I am lonely, have gained weight, have become ill and do not have enough money. I am struggling now to find another part time job that I can tolerate mentally and physically. Everybody's different but I'd just say, be really cautious before you give up your job. It may not be easy to find another and you may not like a life of leisure as much as you think. Good luck.

[@botabrat1]

I wish you luck in your search and hope your health improves

[@wordswordswords8203]

@@botabrat1 Thank you : )

[@steveandisaw3522]

I have been living my retirement dream for five years. Bliss for me is singing songs with friends with others who love singing. It costs me almost nothing.

[@designing4better305]

I love it. Thanks for sharing!

[@63artemisia63]

I worked as a writer for 30 years and I’m still a writer, a writer who has more money since I stopped working: I never made much from my freelance work. Now that online education is in full-bloom, I’ve learned fragrance blending (the most difficult, expensive education I’ve explored after retiring), jewelry making, bookbinding and collage and printmaking, spending 3-5 years on each so far.

[@ChristopherAbelman]

I don't understand why you have to live like a pauper just because you are retired. I have always maintained that retirees who struggle to meet their basic needs are the ones who did not invest in the right place. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad depended on pension fund to handle her retirement. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.

[@HildaBennet]

This is true. I'm in my mid 40's now. My partner and I were following this same trajectory. Last two years, I pulled out my money and invested with a wealth manager. Not catching up over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

[@FinnBraylon]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@JosephineKenney]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same

[@FinnBraylon]

Sharon Lee Peoples is the fiduciary I use. Just research the name. You'd find necessary details to set up an appointment.

[@JosephineKenney]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@Sparkle835]

Remember that retirement is the breaking of the decades long habit of working. It took me three years to settle comfortably into retirement. It wasn't an easy transition. I still miss the office and everything about it, especially my coworkers. I work part-time now and feel content with my new routine.

[@waynet8953]

Sounds like a good transition/compromise!

[@readyfortheworld9232]

That is EPIC - perfect world now .............

[@claredavenport4005]

Thanks so much for sharing. I love the part-time idea!

[@benjaminfranklinkivettiv9433]

I was self employed for 40 yrs. a small business. I retired early. Now i dont have the headaches of employees and i do the same thing, because i have always loved what i did🤓

[@andyk4972]

Did you plan in advance what you were ‘retiring to?’ What changed after those 3 years? How did you know you had found your way?

[@candecarro]

I retired at 70 to be a caregiver for my husband who passed two years later. We had already moved to our large Florida condo- when we puchased it 11 yrs prior to our move-in, for investment, we bought the extra bedrooms and space, and waterfront as an invitation for kids, grandkids, family and friends to visit. After he passed I concentrated on our tenants and then selling our investment properties. During this time I’ve been concentrating on Health and Nutrition (mine and others) and became certified as a health coach. During covid I rented a tiny house a short bike ride (90 secs) from my kids in NJ to help w school & childcare. Now splitting my time between FL and NJ. LOVE golf, swimming, rowing, walking on the beach. This summer I started waterskiing again (after a 30 yr hiatus) and when I return to FL in two weeks I plan on learning to surf. Covid put a damper on getting out and making new FL friends. But it’s my goal. And getting people out to VOTE.

[@josephsanders9181]

I don't want to go an vacation for more than a month. I want to be free to discover my purpose and do things that give me joy. Making the world better.

[@mikeconklin1567]

I am 70 years old, retired at 66 and started Social Security. Plus military pension and 35 years of investing. Retirement to me means staying busy in my yard, vegetable gardens, volunteer at Jacksonville and Gardens twice a week. It’s working for me. When our conun

[@mikeconklin1567]

I’ll continue. When our country survives this current Liberal Administration, and returns to energy independence along with a vibrant economy, a comfortable retirement will again become a reality. God Bless America.

[@claredavenport4005]

Thanks for sharing your ideas!

[@jackfreethy5321]

I want to continue having the choice of doing what makes me happy while making my life creating purpose and focus to others. This includes financial independence. lots of close friends and family and good health.

[@arthurthomasware5004]

Thanks, Clare. One of the best videos on 'Retirement.' Well done. This, from a man who took voluntary redundancy at 59 and is now 87 and who is practicing just about every aspect of retirement you advocate.

[@laveshdixit]

@arthurthomasware5004, I would really like to connect with you. How did you spend your retirement years. Would you mind sharing me your email

[@cherylpeterson1]

I am approaching a reWIREment of my values, time, energy to pursue my personal mission full time in what ever form or means Is most effective. I told my friend life and retirement are like a Choose Your Own Adventure book were you get to determine the choices for your character.

[@dorapeetpiperanddusty]

I'm pre-retirement . My wife and I both earn a decent wage and enjoy the perks of having extra money . When I'm getting a bit strained at work , I have the ability to take an extra day or two on the weekend . Maybe skip working a Wednesday in order to break up the working week . My activities outside of work mainly involve relaxation and moderate exercise . The ability to unwind is directly connected to being wound up in the first place , but not being so tightly wound up that I needed weeks of vacation time , only to face the dread of heading back into the furnace . I intend to work at a relaxed pace and slowly lower my hours I dedicate to my occupation . At least until something more worthwhile snatches me from this routine . A lifelong vacation has never been my dream . A life of no stress and a string of hobbies seems more workable . I'm struggling with finding my identity . Where I fit in the world now . Maybe in a few more years my perspective will improve and I'll find that purpose again .

[@sandeepgokhale5226]

If I can suggest, read book named "Ikigai " based on Japanese phrase that helps, finding purpose in life pre or post retirement. Have a blessed years ahead

[@nazila5972]

Bible is the Word of our creator, reading it help us found our place and His divine plan for us. My identity is secure in Christ.

[@claredavenport4005]

Thanks for sharing. Keep exploring ...I love that you still want to be engaged and keep testing out ideas.

[@martinformato895]

If you want help finding your identity reach out.

[@vidiot509]

I have just retired from being a busy Joiner and I am currently 'optimizing' as a Sculptor. The ROI idea resonates well with me and encourages me to think deeper about my plans.

[@claredavenport4005]

Thanks for your thoughts!

[@wg8290]

I’m just 50 and enjoy working. The thought of retirement seems boring to me. The weekends, vacations, etc for me is a treat for working. I’m not a workaholic either. I just like a balanced life.

[@wildfoodietours]

I love what you said about vacations being a treat for working. I love that mindset so you can always have something to look forward to.

[@stevensmiddlemass2072]

Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. Retirement choices determine a lot of things. Currently working overseas but will return to my home country in the near future. I'm a landlord. I invested in property at the age of 22. Value has soared and renting out. Will live on the rental income I receive and live with my aging parents for the time being. At 60 I can withdraw from my superannuation (401(k)) worth about $1.7m.

[@berealistic]

semi retired since age 46, enjoying no stress life. ride bike,play with dog in park.

[@isabelledanska]

It's really important that we listen to those who have been doing the studies, like Clare! What retirement was and what it is now are so different and there's really a quality of life in these years that if we tap into it the right way, it could help many facets of society thrive, and ensure that those who have spend a life time working and contributing, get well looked after.

[@IamLegoMan]

Thanks for sending this to me, great talk!

[@talismesmer]

true!

[@claredavenport4005]

Thanks so much for your thoughts

[@lindamorrison1505]

This is just one case study.

[@claredavenport4005]

Thank you!

[@bro7269]

“Retirement” obviously means different things to different people. Much of it depends on how you look at life. I know many people who would rather just sit home and do nothing but wait to cut the grass. If you are a type A personality you probably won’t stop no matter what. People that say money doesn’t buy you happiness, usually have enough money.

[@CastledarkDweller27]

love your name. i too am a Wahfreak. your last sentence is the absolute truth.

[@meibing4912]

Research does not only ask rich people about how they view money ;-)...

[@claredavenport4005]

Thanks for sharing? What's your view of retirement?

[@meibing4912]

Don't know about the US but in Denmark post 60 years people are the happiest.

[@faceinthecrowd5810]

I have retired from the goal of retiring. Self employed for 30 years with no pension/benefits other than Medicare and SS, I am now 65 and work 8 months per year running a lawn mowing business. Having my winters off I can understand the “empty week” non schedule and I have found ways of keeping my life interesting but exercising. Woodcarving, and spending time with my friends when available. I know that physically my days are somewhat numbered as for an active lifestyle, however taking care of my health as the number one priority will keep me working and enjoying the rest. I have savings, I have been debt free for a really long time, my wife and I are confident that we will be ok. None the less money and security mean little if I can’t find contentment and joy.

[@582tird]

Retirement means quitting my 9 to 5 (actually 11 pm to 7 am 6 days a week +) after 32 years to do work that I want.

[@maidieuhanh]

Good for you!!

[@divinecomedy0]

I have two friends in their late 70s. One, a man, is barely functioning living in a basement of a friend’s house. He’s so unhappy as he doesn’t have the finances needed for basics like dental work and a decent place to rent. My other friend is extremely depressed. Physically finding it difficult to walk and suffering from long covid have taken the joy out of her that she used to so generously share. People have complex lives.

[@designing4better305]

I agree people do live complex lives. Loneliness is everywhere sadly. Thanks for sharing

[@wvczar]

I never thought about retirement until about three months ago. My job is so boring but at 61 the odds of landing a new exciting position that pays well is not good. How can I escape this drudgery? I always associated drudgery with retirement but now I live in a milieu of drudgery. How could retirement be worse than this? It wouldn’t have to be. I’d be more in control. Could pursue interests. More to the point I would not need to accept drudgery in exchange for a check

[@buddhalovechild]

Loving what you do is a fortunate place to be but always, always do something. When we lose our sense of purpose we die.

[@claredavenport4005]

Thanks for your comments

[@dotheyrock8637]

I believe we hit a shift, where we look beyond dollars and we seek greater things than just financial worth... Maybe that is true retirement!

[@johnbuccetti8998]

Good point. Really makes you think

[@scannon4492]

I'm in my 40s, I'm not sure I agree with much of this. My plan is twofold. 1) make enough money doing a job im good at and don't hate so that I can both live how I want now and be prepared for my retirement years. Tick. 2) enjoy living now. Have hobbies, meaningful relationships with my family and friends. That's more of a work in progress than 1 but it's become a real focus. Because no one knows when our time is up. Planning for an endless holiday 20 years down the road makes no sense. I could be dead in a week. We all could... So balance is key. Don't be reckless with your financial future, but don't stack all of your hopes on a golden retirement that may not arrive

[@claredavenport4005]

Very wise - thanks for sharing!

[@scannon4492]

@@claredavenport4005 great presentation Clare. Really engaging and made me stop and think

[@thomasdegnan3953]

You have a healthy perspective. Don't defer joy, but put away something for the future. If you can stash a few dollars away on a consistent basis, you'll find that it's a relatively painless way to secure your future.

[@fredjohnson6513]

Enjoy! But make sure you have enough to retire ,if you want to at X age..Its not fun when you get there and find you haven't enough income! Inflation has ruined it in just 10 years! Still working at 75,,, mainly in the crypto and growth community oriented orgs. Loving learning something new,, and the challenges!

[@claredavenport4005]

good points!

[@davidroush1224]

I was a type A worker - supported high profile major expense projects around the world with lots of travel then meetings/conference calls all hours of he day/night. I was a little concerned I might have trouble adjusting to retirement. However, I also had many activities and interests outside of work, as well as a decade's worth of home and car projects I wanted to get to. When I retired I slept in later, then went to the gym in the morning. Afternoons were for project work, or volunteering. Essentially, I did these during my former week day work hours. I still got home late for dinner just as when working. Worse actually as we moved it back an hour so I am now mostly on time. This made the transition into retirement seamless for me. I sort of kept the same schedule, but no no "homework" in the evenings and I have my weekends free. 8 years into retirement it is great and as busy as ever, jut doing mostly fun things of my own choosing. We still treat travel like vacations, just maybe a little longer duration. The first few years we were "go-go" and would travel internationally 3-5 times a year, plus several smaller vacations within the US. After a few years of that, we decided that was too much and not as much fun nor special. Seemed like we'd just get back and before we could really settle back down ewe were off to the next adventure. So, we backed off to just 2 large trips a year and this is a good balance. We still look forward to them just like when working, but we don't feel too worn down from the stress of large and frequent trips. As fir the beach, before Covid we would spend a month in the Fall in Maui snorkeling. We found that was about the max we could take of just lounging and taking it easy which can get boring. She is right that a retirement of full leisure with sand, umbrella drinks and sunsets isn't something one would enjoy day in and day out for years, at least that matches our experience.

[@joefaraci8575]

Excellent comment David, sounds exactly like my retirement. Agree about the travel and beach, it can get boring after a while. Doing volunteer work has been extremely rewarding. Hope you have many more years of happiness!

[@davidroush1224]

@@joefaraci8575 Thanks Joe - I agree that volunteering is extremely rewarding. I still am involved with Boy Scouts as an Eagle Scout coach. I also run the IT support for the small local school our children attended K-8 though both are now late 20s. I have a couple hundred computers, wireless points, printers, servers, etc though most is maintenance now except for Fall when school gets started and we pass out Chromebooks to all students. Maybe a few hundred hours a year so not too bad. I also am on a maintenance team at our church so I help with repairs of all kinds at the church and school. My wife also volunteers at our church, the local county museum and a historic theater that still shows old films on projectors and has become very popular in the local community. The good thing about almost all of these is that we can leave for a few weeks or month several times a year. I have others helping with the IT. Scout projects are probably the most restrictive as they need to be done in specific times, but just a couple weeks a year. I also "volunteer" with my friends. I'll help older friends with projects around their houses they no longer can do. I also help younger friends still working get some of their projects done that they otherwise would put off for lack of time - this way I can make their lives a little easier as well. Current major project was helping restore a large Victorian home the last 6 months for a friend to sell. He is using the profit to build their dream retirement home - a log cabin kit overlooking a river bend on a secluded property about 10 minutes out of town. In about 5 weeks 4 semi truckloads of logs, windows, roof, etc. are scheduled to be delivered so I'll be building a house then and hopefully we can get it under roof before the snow falls. I also have restored a couple cars so far, one left but it will wait another year. All of this is fun for me and I can walk away when I feel like it. But I prefer the feeling of being useful and helping others, instead of the commonly held view of retirement being just sipping a Mai Tai on the beach every day. This is a lot more personally rewarding and everyone benefits from my expertise and spare retirement time. To me that has been a perfect retirement. Hope you like wise have many great years in retirement !

[@claredavenport4005]

Love these thoughtful words! Thanks for sharing

[@SammifromMiami]

Sounds like you got it down! Best of health to you.

[@davidroush1224]

@@SammifromMiami - Thanks - same to you !

[@richardkessenich2334]

Thank you Clare for the clear and really down to earth and practical approach to retirement. I’m about 9 months into my retirement and Inadvertently applied similar ideas to my retirement plan. I was concerned as a type A person (ex-farmer, work in international missions, and finished 20 years in a high end craftsman job restoring vintage pianos.) Yes, money was/is a factor as we are by no means well off but we have enough to live. I wrote down these 4 items that I will structure my time around. 1.) Spiritual formation of men, helping men to walk closer with God and make wise choices for themselves and their families. 2.) Adventure, I’m fixing up an old sailboat and my bride and I hope to do the Great Loop. 3.) Learning, always want to be learning something new either physically or mentally. 4.) Creativity, (in the form of the arts) creating things from wood, improving my oil painting, re-learning the guitar etc. Most of this can be fulfilled on a pretty small budget except the adventure. I expect them all to interplay each rising to take priority as time moves on. I’m glad I thought this out ahead of time! Now just counting the days with my bride of 37 years as she’s about one year out from retirement. Thanks again for the challenge to think outside the box. Cheers

[@DavidWeidlich]

Good comment. I would listen to your TED Talk. You're finding meaning through service and I think that is key to a robust retirement.

[@richardkessenich2334]

Thanks, Spot on my friend.

[@askbob2009]

finally someone agrees with me...change is so hard. Not everyone is able to do or understand how hard change is but has to be done

[@claredavenport4005]

Yes change is often hard. Thoughtful and intentional change is easier. Thanks for sharing

[@pawlieblog7967]

I’m in pre retirement mode, three years away from Medicare benefits, which is the one reason I’m not retiring now. Medical costs are wayyyyvtooo high in the USA. I’m planning to live in Europe and travel, study foreign languages, read and write. It’s not a retirement so much as a new phase of life.

[@cindy-ml7vo]

If you are moving to Europe, look into insurance there, you won't have to wait until Medicare kicks in. After time there, if you want to come back, you'll have Medicare. Just a thought. Happy retirement.

[@IloveAutumn-b5p]

Pawlie- the cost of living is insane in Europe

[@Retired-Sanitation-Worker]

Retired to Kauai from CA 4 years ago with 3 grandsons in tow. Long term plan we had, just didn't know kids would be part of that. But we're making the best of it. You never know what changes life will bring no matter how much planning you do.

[@sanjaytrasy6705]

Wonderful holistic approach towards retirement... Be positive, loving, caring and contribute 👍

[@key2highway]

Seeing friends retire and the problems that arise, retirement is more like waiting around to die.

[@jimknarr]

When will you be presenting on Ted Talk? I want to attend. LOL

[@bluestarindustrialarts7712]

I think many people are torn between leading a carefree life full of travel and exploration and being 'responsible' and hanging on to assets to pass to their children. That is why retirement for many becomes a conundrum. I say this because I myself felt this way, We wanted to pass everything my wife and I worked so hard to build to my daughter, my only offspring. So she could have an easier life, not have to work after we were gone, had assets to fall back on....that came to an end in 2014 when she died of cancer at age 25. Now, we are still working but close to retirement, have built a considerable nest egg, and my view now is to live with abandon and spend it all and hopefully, die broke. I don't know what else to do....

[@andreaa5890]

I'm so sorry for your immense loss.

[@craigborgardt7684]

What a terrible loss after a very good plan....and I like your "Plan B" a lot. I'm of the same philosophy overall but also have grandchildren so their wellbeing is my Plan B. Thanks for being brave enough to share a poignant and useful story.

[@whitneyc.3257]

In the book “Ikigai”, written by Hector García and Francesc Miralles, the authors researched the key of the healthiest communities around the world for longevity. They discovered that these people never “retire”, because they live a healthy lifestyle and know their “Ikigai” (life’s purpose), they nurture it all their lives up to their retirement age and as a result, they are happier and enjoy the pleasures of longevity too.

[@BeckieZullo]

Thanks for the tip. I just ordered it from our local library. I also found a free audio version on KZbin.

[@whitneyc.3257]

@@BeckieZullo My pleasure. I hope you enjoy it

[@whitneyc.3257]

@rawbirbella justthat I’m ready to eat my mangoes and papayas already until I find my Ikigai

[@claredavenport4005]

Love this book! Thanks for sharing

[@jeffb.2469]

I'm 60 and still searching for my purpose. Maybe I've already fulfilled it.

[@iambeiam]

When my dad retired at 60, he was miserable, not only did his health and well being deteriorated but he and my mom constantly nipped on each other I had to be the referee calling them (yes, I had to speak to each of them) sometimes even from my work for them to patch things up. It took a long while before the nipping tapered down. It was stressful for everyone.

[@cindyhalpern3187]

Money matters. If I had what I needed, I would buy a small house near a bike trail. I would ride my bike daily in good weather. I would have the money to travel again. I had traveled widely. I still write, that hasn't changed. My daughter is moving far away. I don't even like where she is going. I won't be moving there. I have got to substitute the missing people in my life with new friends. This is very hard work and my greatest challenge. It is not as easy as this speaker claims.

[@HenrikVendelbo]

I’ve never dreamed of retirement. Sounds mind numbing.

[@wildfoodietours]

I love the idea of retiring to something. Part-time work in retirement seems like the ideal win-win situation as it'll keep you active and engaged AND give you spending money to do anything but not everything.

[@angelosliotscos8405]

This video left me speechless.

[@LibAlcock]

The problem is THAT retirement vision was an advertisement. Golf, travel, beaches, sunsets. We’ve all been duped! What we need to think about is our short term and longer term life goals during retirement. ❤

[@clemmonswest262]

I just don’t want to have to go to work everyday

[@ikneadu]

And I don't want to ask anyone for time off. Sometimes it's a yes, but mostly it's a No! Your life is not your own.

[@vegiemantwo2505]

Why go

[@arlingtonguy54]

I started a small service business in something I love and work when I feel like it and for those people that I like. It gives me something to do and look forward to and some extra money with no pressure. My personal life always takes precedence over work.

[@JQPOINT]

If you are self employed, work smarter, just cut down hours ease someone else into the operations, take a side seat, if not a back seat and make time to enjoy what you like.

[@MitlinFinancial]

It is so important to think about what you plan to do with the time retirement will provide you. Retirement is about so much more than the money

[@alamimy1]

I have been retired for 3 years. You must first save money and have additional income before retirement. In order to live a beautiful life, you must have many hobbies, including sports, reading, meditation, calm, serenity, friendship, love of family.

[@gloriasaliba3395]

I’ve enjoyed a 2 year career sabbatical as an HR executive - I’ve enjoyed every delicious moment of it however sadly I don’t have enough funds to retire at 63 so I’ll be heading back to work shortly. I’ll be working differently this time ensuring I have a work life balance. My ideal retirement is to spend 6 months in Europe and the remainder of the year in Australia

[@carolineg3079]

I agree you need to plan for your retirement but nobody ever said I wish I'd spent more time at tge office on their deathbed. As you move into your 50s and 60s you see people running out of time. I took a sabbatical last year and my health was better with less stress, time to exercise and eat more healthily. I lost weight and slept better. I had time to take an interest in educating myself and do new things and although I like my work colleagues realustically I'm m not going to miss them enough to justify working and I have plenty real friends. Going back to work was about liking to be needed (but that feeling soon wore off!) and financial fear even though logic says I'm ok.

[@DrJohnnyJ]

100 years ago, people didn't die at 44. Many lived into their 70's and 80's. However, many children died at birth which lowered the average greatly. Today, the US has this problem. More American babies die at birth than in, say, Cuba (or anywhere else) which lowers our average life expectancy.

[@lisamichele4152]

Once she said that line, she lost a lot of credibility to me. Nothing like spinning the truth.

[@NomenClature-o8s]

I’m glad someone else understands life expectancy.

[@hilarykey8189]

My hope is to get to volunteer in my community, volunteer politically, continue learning, maximize my physical fitness, make art and see the world’s art museums.

[@claredavenport4005]

Sounds like a great plan!

[@Husin1009]

Amazing advice...for people to prepare their own retirement objective....is that to late or too fast,is most critical step to make decision for starting ..

[@Seektruth-59]

To me retirement means working 50% of my pre-retirement hours - 2 or 3 days a week and every weekend is a long wend.

[@zanym8088]

I work 3 days a week, 4 off.. get benefits and good pay . sometimes I pick up extra shifts to help when I am able but I have a lot of control of my schedule. I also take vacation..went to Tanzania for over a month is 2019. regularly go to mountains for long weekends... I am 58.. been doing part-time since I was 54 or so. my work is physical but fun.. I consider myself semi-retired.

[@Seektruth-59]

@@zanym8088 excellent way to live and be productive.

[@alisonbaker1578]

A brilliant TEDx Talk! Thankyou Clare Davenport!

[@rickymark1]

There are three possible scenarios when someone is old enough to retire but doesn't. First, people don't retire because they haven't seriously done the math to see if they can afford to. Second, they have crunched the numbers and they cannot afford to. Third, they can afford to but they are passionate about their work.

[@JohnAnderson-Catfish]

Interesting, maybe add a segment on dealing with a spouse with Alzheimer's. This is a growing problem in the USA

[@claredavenport4005]

Thank you for this! Good idea

[@prydegirl]

I’ll be retiring in a year. It seems like I’m waking back up all my emotions. Is this common?

[@pastorcharleshumphrey9418]

I hate to see employees give their best years to a company and get lost in the illusion or retirement “freedom” only to find themselves bored and with no purpose. I encourage people to find purpose outside of the 9-5 long before they retire. And then when you retire shift your energy and focus on other things that bring value to others!

[@aafedtfamily]

Take retirement advice from those that have retired…

[@ermirapirdeni1817]

The Decade of Healthy Aging and Communities (2021 - 2030). The community is very important for the inclusion of the older women! Community building through intergenerational exchange programs, expanding funds for the community.

[@ian4iPad2]

“Navigate” is a good term because you’d be a lucky b****** if your “plans” (“designs” or whatever) for retirement work out for the whole duration. You, or your partner, could be dead or incapacitated within a year or significantly outlive your investments (assuming there’s not a crash). But that’s part of the adventure, the game of life. In work, generally someone else tells you where to go, what to do; in retirement, you’re the navigator. I think we owe it to ourselves to be the pilot of our destiny, at least once, before we depart for good. Beyond here there be dragons. You think that stopped Columbus? Go for it.

[@chriswharton9092]

I’m 64 and have been retired for five years and love it. That said, I’m the chairman of a public company and a private company and on the board of a metropolitan racing club. That’s the trick for me, doing something constructive, something I enjoy and still having down time for anything else I want to do. That’ll do me.

[@klopossa2]

Went to Phillipines..will marry soon to wonderful loyal, faithful honest younger woman there. As soon as I landed my Diabetes disappeared..I kept taking metformin but small doses..But don't take that now..And my numbers haven't been over 100 in months..But I eat differently and fast intermittent. My Woman is thin and helps me. I follow her lead even here. I'm back in America Optimizing my rentals. Back in March to enjoy..help and bless others which blesses me. My Children here know how to reach me and I'm always available when I'm here. But my new mission is for those in great need. My Children are thriving. As will my new family. My ex is one of my best friends. She's Filipina and enjoying some of my rental income as well. By my choice. And my new wife has already signed the prenup.

[@designing4better305]

Thanks for sharing

[@daveg622]

Staying relevant, doing what you enjoy, and being active. Recipe for a long life.

[@MandiToutsch]

Transitions in life definitely need to plan. Personally, I am still 5 to 10 years from retirement. Great points on life style and community in planning how to move into next phase of life. I agree friends, family and community involvement on next phase of life.

[@EvieVermont]

Retired at 60. Sold my house and lived on the difference for years. Have pension and social security. Work part-time….never been happier. I have nine things that I do for income. I make more than I did while working full time as a municipal employee. I never worried about retirement. All I ever worried about was DYING BEFORE I RETIRED. And I retired so I wouldn’t. I didn’t. It’s all about leaving while you are healthy and happy. Going into retirement knowing you can make money doing something you LOVE? That’s the answer. It’s not as complicated as you say. It’s simple. GET OUT NOW.

[@KeepingOnTheWatch]

Buying 4 new Goodyear’s for my car is the only re-tirement I’ll ever be able to afford.

[@robinbhairam7508]

Jeeze listening to this droning brought on my early retirement Zzzzzzz!!

[@MBODEN60]

One of a persons challenge is what their "life "means and how they develop their identity. Too many times we are defined by our vocation. Too many times we have no definition of "success". Too many times we don't have a definition of "retirement. We are the first generation that has any excess monies to even think about retirement. Physical handicaps created by getting older and a body that loses physical and mental abilities will continually define us until our death.

[@Fezzler61]

Fine is fine. Contentment is contentment.