Retirement Tips & Living Your Best Life to Beat Inflation | 10 Rules of Retirement

This video is about New Retirement Rules for Living in a High Inflation Economy. We give 10 retirement tips for beating the effects of this high inflation economy and how senior citizens can live a better life.
The finances of retirement planning are getting more difficult all the time with high inflation, higher living costs, higher taxes and more. We have personally changed the rules of retirement in 10 areas that have helped us reduce costs in retirement.
The first of our 10 retirement tips for seniors is to spend some time living abroad in low cost countries. Retirement travel in many countries like Colombia, Thailand, and Albania can have huge savings.
Our second big retirement tip is to live in a tax-friendly state with no state income tax. We have our residence in Florida, and along with not owning a home, we pay no state income tax and have no property tax. Make reducing taxes a priority in retirement.
Our third tip for beating inflation and helping seniors live better is to get debt free. Having no debt, especially in today's high interest rate environment, helps retirees have a much lower cost of living.
Our fourth retirement tip is to consider downsizing. We have saved a lot of money, reduced our living expenses, and enabled us to have more freedom for things like retirement travel by downsizing.
The next tip for a better retirement is to realize your kids don't want your stuff. Don't hang on to your things and consider a process like Swedish Death Cleaning in your early retirement days. It will save you money and give a wonderful gift to your children.
The retirement advice is to not spend money on expensive toys that you rarely use. Some examples could include a second home, a timeshare or a boat. Becoming a snowbird always sounds great, but may not make good personal finance sense.
Another way to consider creative living in retirement is to evaluate having a "granny pod" at your children's homes. A separate bedroom and living area, that adds value to your children's homes, and enables you a place to stay when visiting.
Have you considered a side hustle in retirement to help make a little extra money. There is a Japanese concept called "ikigai" that can help you find your right purpose of living and potentially a great income stream in your golden years.
The ninth rule is "cheap is good, but free is better." Make sure you explore all available senior discounts that are available to retirees to help reduce costs.
The last rule involves being very proactive with your health. Good health will not only help you reduce costs, but help you live a longer, healthier, and happier retirement.
If you have found these 10 retirement tips helpful, please share with a friend.
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Video Number 164
#retirement #retirementgoals #worldtraveler #retirementtravelers #retire #retirementplanning #retiredlife #retirementplanningtips #travelabroad #travel #retirementadvice
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00:00 Introduction
01:15 Retirement Travelers Website
01:40 Rule #1: Living in Lower Cost Countries (Geoarbitrage saves Money)
03:40 Rule #2: Pay Less Taxes in Retirement (Live in Tax-Friendly States)
05:15 Rule #3: Becoming Debt Free in Retirement (Making it a Priority)
06:10 Rule #4: Consider Downsizing Your Home (Living Tiny)
07:28 Rule #5: Your Kids Don't Want Your Stuff (Swedish Death Cleaning)
08:31 Rule #6: Use it or Lose It (Expensive Retirement Toys)
09:47 Rule #7: Consider a Granny Pod (Creative Retirement Living Options)
12:55 Rule #8: Rule of Ikigai (and not Retiring by Doing Something you Love)
14:03 Rule #9: Rule of Cheap is Good, but Free is Better (Getting Senior Discounts)
15:05 Rule #10: Prevention over Cure (Maintaining your Health in Retirement)

[@RetirementTravelers]

We love thinking outside the box in everything we do in our retirement lives. We hope today's video inspires you to think differently as we face a challenging financial environment in retirement. Happy journeys and many blessings, John and Bev retirementtravelers.com/

[@user-mz6sh2xr7f]

Have you considered moving out of the US for a few years to reduce expenses and have adventures?

[@maryegerton6848]

Perfect! I get what you mean by a granny pod aka a basement apartment. I am selling this house in ridiculously expensive Ontario Canada, and moving to way cheaper New Brunswick. The plan is to pay off their house, fix up the basement for myself and live with no expenses after that. This was my son’s idea. I thought it was pretty smart. They get a mortgage free life and I can travel the world and always have a home to come back to whenever I choose to. Quite symbiotic. 🎉🎉😃

[@RetirementTravelers]

Love it. Agree with everything and excited for you. Well done. Happy journeys, John and Bev retirementtravelers.com/

[@maryegerton6848]

@@RetirementTravelers thank you🙂

[@xaldath4265]

It's the symbiosis for me. I'm all for being able to afford supporting others, in some capacity, but when it can actually benefit all parties involved(even as family), I am *all* about it!

[@leslieannehill6880]

Not to be too callous, but maybe get it in writing that you have a right to stay there and a percentage of the equity of the house belongs to you.

[@maryegerton6848]

@@leslieannehill6880 I’m not an idiot. The house will be in my name and I am willing it to him. His idea. He’s a good person and would never take advantage of me. He’s way too proud.

[@brucesnyder690]

Retired expat from the US living in Thailand six years. Everything great here. Havent missed the US for a moment.

[@RetirementTravelers]

Thanks for sharing. We enjoyed our time in Thailand. Happy journeys, John and Bev retirementtravelers.com/

[@matthewcain2880]

Expat : 1st world illegal

[@onetexan1058]

I have learned SO MUCH from both of you. It's wonderful your kids have made living quarters for you at their homes. Our mantra is we live our lives in pre- & post-retirement the way we want. We don't care what other ppl think. World travel is an amazing way to experience new places, cultures, see how ppl live in other countries, trying new, delicious food and enjoying it all. Keep up the videos. What you're doing for retirees the world over is NOVEL!! :)

[@RetirementTravelers]

Wow, thanks for the kind words and so glad you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@wesgraham2262]

If you’re single with no children depending upon your physical presence, 100% out of debt and you’re getting a solid, dependable bank deposit every month from social security, a pension or a trust you can retire and travel the world, or pick a spot and live comfortably especially in southeast Asia on $1,000 to $2,000 a month. I’ve been doing it for years with a small backpack and a small carry-on suitcase as a fulltime PT (perpetual tourist). 😎

[@RetirementTravelers]

thanks for sharing. Happy journeys, John and Bev retirementtravelers.com/

[@wesgraham2262]

@@RetirementTravelers - My pleasure.

[@juyint]

A person does not have to be in the same age, financial situation, family etc. to make your tips work. Each person or couple can take your advice and form fit it to their needs and desires. We are in our early 70s and late 60s with no grand kids so we will have different goals. Maybe the most important is getting debt free. We enjoy your well thought out advice. By the way, I was in the video/film biz. I know what goes into writing, shooting and editing these pieces. Hats off for a job well done.

[@RetirementTravelers]

Thanks for the kind words and appreciation for our efforts. We do work hard at this to provide good content. Thanks for following along with us. Happy journeys, John and Bev retirementtravelers.com/

[@elizaC3024]

I was pushed to sell our 6 bedroom 3 bath bi-level, due to a disability. Now I look back and see that the devine intervention of my choice was a blessing. We moved to our 2nd home a rural cabin 2 bed 1 bath on 30 acres of woods. Very low taxes, we had already done a remodeling over the years, and all we did was look at it as needing tweaking to be able to age in place. We love our small home, and it allows us to save over 70% more of our money 💰. We are beginning to travel for extended periods of time. Last year was 7 weeks, this year 5 months. We will spend our winter months in a very low cost country, after 2 transition cruises. We are very excited to be able to get back out on the road again. We unfortunately did move too much stuff with us, yeah with the thought that the kids would want it.😅😅😅.Nope. So now we are selling loads on eBay and we are looking at setting up a stand at a local farmers market to sell bigger things locally. It will take years to get it down, but we are making huge strides.😊

[@RetirementTravelers]

Dear Elizabeth, We appreciate your contributions to our community, and this post is a great example. Thank you for sharing your experience. We wish you the happiest of journeys and best wishes as you work your way through your stuff! John & Bev

[@ONWorldTravel]

Guys this was so well produced! Johns delivery is epic! Looks like he’s been on tv for years haha love it 🤘🏽 y’all are helping thousands of retired people travel and experience a new world. Love it!

[@RetirementTravelers]

Thanks, guys! We love your channel! Keep it up! John & Bev

[@pamelanurse2024]

Great video! As a solo traveler I feel the need for a base in the US and travel part time around the world for about 6 weeks at a time. There’s nothing like my own bed. I moved from expensive New England to less expensive southern US and love it here. I miss my church family if I am gone too long. It’s difficult to make deep friendships on the road although I love meeting new people along the way. I also got my permanent residency in Mexico a few years ago in case I need to exit the USA and went to Spanish language school when I first retired. Language schools are a great safe way for solo travelers to meet other people while stimulating your brain!

[@RetirementTravelers]

Thanks for sharing your experiences. Yes, everyone has different circumstances, but sounds like you have come up with some creative solutions. Well done. Happy journeys, John and Bev retirementtravelers.com/

[@robertross8565]

Fantastic advice!! Having the second home is a huge one. We had a family cottage for about 50 plus years and my children and my nephews got to spend time with their grandparents. Once my parents died we made the difficult decision to sell it. It just wasn’t the same after my parents were gone. We all had wonderful memories there but I honestly don’t regret selling it. It allowed me and my two sisters to significantly pay down debt. Not having to maintain the property was also a huge relief as well. When I went backpacking around Europe in the late 70’s for 4 months when I was 19, everything I needed was on my back. Both of you are proof that it is possible to live a wonderful life without dragging around more stuff. Good on you for making those hard choices early in your retirement.

[@RetirementTravelers]

Thanks for sharing your story. It was the best decision we ever made to do some extreme downsizing early in our retirement. Happy journeys, John and Bev retirementtravelers.com/

[@johnkelley1426]

Thanks for sharing. Used many of your ideas on a 5 weeker to Madeira, Portugal, Algarve where we hiked, toured, and biked - then capped it off with Seville and Gibraltar. Beth's packing convinced my doubter that she could thrive with 2 small bags! Our next trip is to spendy: Ireland & UK focusing on our lineage from recent genealogy work (not London, been there). We sorta have a granny pod - it's a granny drawer for pjs, slippers, robe, toiletries, etc. Kids scattered, 1000+ miles. Recently put down our folks who stayed in houses too long. One can either make retirement living choices for oneself, or have circumstances make those choices for one. It's better to get ahead of the curve.

[@joycewright5386]

I’m so jealous. This has always been my dream but sadly my husband is perfectly happy to sit at home and cut grass.

[@RetirementTravelers]

Hope you get to go and do some amazing travels. Happy journeys, John and Bev retirementtravelers.com/

[@5877user]

And my husband has so many health issues and we can’t do too much.

[@mascaretllcmanager7481]

Ditto Joyce; good luck.

[@IB4U2Cme]

I am living in Cebu Philippines for about 80K per month for two of us. 80K is almost $1,500. My rent is 8K. My WiFi is 1K. My water in 300 pesos. My electric is 2K (I do not have air conditioner), but I pay 2K to park my car, I pay 2 pesos per km to drive my motorcycle and 15 pesos per km to drive my car. I budget 6K per week for food and that includes drinking water for two of us and about a third of that 6K budget gets to extended family. Yesterday, I bought a whopper for 206 pesos. No soda and no fries. My wife passed away and I remarried here. Being 72, I do not do that much here. You do need six months income for an emergency, say medical self insurance. I think there is more freedom in the Philippines flying under the radar than living in the US with its automated government in place. The cost of freedom, and depending on what you want for freedom, is that cost to just comfortably live and that for me is roughly 45% of what the cost is in the US. The doctors scare me. The bathrooms are clean. Lots of needy people here. A lot of management systems do not work well. Amazon delivers some products to the Philippines. The import fees will get your attention. The legal system is a façade. I am from Arizona. The humidity was a problem when I first got here ten years ago. I like the weather more now. But no one has robbed me or hurt me.

[@autobotdiva9268]

@@5877user staycations are good also. dont just make your life about dr appointments

[@swetzel3966]

Good post. 2 points : We RVd full-time for 9 years and volunteered in National Parks = stay free. You can also work if you choose. We had to sell our 40 ft. diesel because of moving into a house for retirement planning purposes. If we had had a much smaller or possibly a trailer or 5th wheel, we could have kept it in storage. Big diesels need to be used. We live in the Fort Worth area in TX and selling a house. Property taxes and insurance very expensive, weather hit or miss with hail and storms. Here your property taxes pay for schools, fire, bonds, lots of things because NO state tax. Insurance for car and homes skyrocketing in cities and rural areas of Texas. We're doing our traveling too. Going whilst it's good 👍 Enjoying your posts. Thank you both.

[@RetirementTravelers]

Thanks for watching. Glad you are enjoying our channel. Happy journeys, John and Bev retirementtravelers.com/

[@lntraveler264]

National Park volunteering is a great tip. Will be looking into that for sure!

[@gracealleman4102]

We lived in Texas. WAY OVER RATED STATE. HOT DEPRESSION HEAT...DRYED OUT WATER AREAS. WE ARE NOW IN FLORIDA.

[@gregmiller9437]

As a US military veteran, there are some benefits for us as well. Disabled veterans may be eligible for State and National cards for free admittance, reduced RV sites, boat mooring and launch sites. VA.Gov is a good place to start. Between the VA and soon to be 61yrs old, I am beginning to find more and more things that are either free or reduced in cost.

[@RetirementTravelers]

That's awesome to hear and thanks for sharing. Thank you for your service! Happy journeys, John and Bev retirementtravelers.com/

[@myaccount9498]

💜

[@Tigers529]

I’d miss all our friends and all the kids and grandchildren

[@RetirementTravelers]

Sounds like you shouldn't travel a lot. Thanks for sharing. John and Bev retirementtravelers.com/

[@kfx216]

Good advice! I'm around your ages and downsized from 3000sf to 1500 sf with my 2 kids 4 years ago so we can live more and manage a house (other than a garden) less. I'm now trying to get a variance to build a granny flat for my mom to stay during the winter months when she has the most problems, which I can live in and rent my house out to support travel once my kids are grown. Thanks to your channel I am seeing how to work in travel with my responsibilities as a daughter and mother and what kind of travel works best for me while I still have 1 in HS and later when both are in college. Yes you make money from this, but it also takes time, so know that this is much appreciated.

[@RetirementTravelers]

Thanks so much for following along and sharing your story. Glad you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@gyrokyro]

Great info John and Bev…I retried end of January and have been traveling full time for last 2 months…New Zealand (did Northern Explorer, Coastal ), Singapore, Thailand, Indonesia, and finished in Australia…full time I realize takes a lot of planning and lots of energy…glad to be back in my home state of Hawaii to rest and regroup…off the Andalucia in the Fall…you videos and website have been invaluable in helping me plan…great resources…so I’m very grateful to you both…hope our world travel’s intersect at some point so we can share some time, eat great food and “talk story” like we say here in Hawaii…Mahalo!

[@RetirementTravelers]

Thanks so much and enjoy your travels. Stay in touch and would love to connect some day. Happy journeys, John and Bev retirementtravelers.com/

[@travelman677]

Great video once again. Love the way you two always think differently about travel and retirement.

[@RetirementTravelers]

Thanks so much! Glad you enjoyed it and thanks for following along with us. Happy journeys, John and Bev retirementtravelers.com/

[@RetirewithJulia]

POWERFUL video with real action steps for people that want to live happy like you guys. Thank you for these tips!

[@RetirementTravelers]

Glad you enjoyed it! Thanks for watching. Happy journeys, John and Bev retirementtravelers.com/

[@airstreamer]

We agree with you on all these points!! Thank you for always communicating great information. Michelle

[@RetirementTravelers]

You are so welcome! Glad you are enjoying our channel. Happy journeys, John and Bev retirementtravelers.com/

[@lhrivnak]

As always, thanks so much! A great distillation of your philosophy. Love you guys!!

[@RetirementTravelers]

Our pleasure! Thanks for watching. Happy journeys, John and Bev retirementtravelers.com/

[@darrenmcpherson8093]

Great stuff John. Thanks as always!

[@RetirementTravelers]

Thanks so much. Happy journeys, John and Bev retirementtravelers.com/

[@jackieford143]

You are doing such a service through your candid and insightful videos. Thank you!!

[@RetirementTravelers]

You are so welcome! Thanks for following along and glad you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@vickig6080]

Thanks for these ideas, info and helpful tips! You guys are rockin' it!!

[@RetirementTravelers]

Our pleasure! Glad you are enjoying our channel. Happy journeys, John and Bev retirementtravelers.com/

[@jtmckenney5482]

Excellent video and professionally delivered. Thank you for the great ideas and concepts here and in all of your great content. Very best of travels!

[@RetirementTravelers]

Much appreciated! Glad you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@lovethomassowell]

Thank you, John & Bev! What a thoughtful video! Ikigai was a new one for us and we will give it some thought. Off to Japan soon (not on the budget travel list) and give you both credit for inspiring us to get out of our comfort zone a bit. Best wishes to you two and your families!

[@RetirementTravelers]

Our pleasure! Glad we could help. Enjoy your trip to Japan. We are heading there next spring. Happy journeys, John and Bev retirementtravelers.com/

[@rychenerfamily]

I love your videos! Thanks for sharing! 😊

[@RetirementTravelers]

So glad you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@vickyconover9912]

Thank you, John and Bev great insight. ❤❤

[@RetirementTravelers]

Our pleasure! Glad you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@johncarter8539]

LOVE IT! Brilliant video! Mucho Thanks!

[@RetirementTravelers]

Our pleasure! Thanks for watching and glad you are enjoying our channel. Happy journeys, John and Bev retirementtravelers.com/

[@BosAus]

Fabulous video! Thank you 🙏

[@RetirementTravelers]

Thanks. So glad you enjoyed it. Happy journeys, John and Bev retirementtravelers.com/

[@user-zj9vg9du1t]

Thank you, lots of info and very important video. Let me tell you something, and I say this with lots of respect for you both. I watched this whole video and many others of yours guys. I am not in your demographic. I am in my 40s but you guys are so much fun, and give so much info that I have been following you for a while now. Keep it up and keep posting! Great video! 🎉🌻🌻🌻

[@RetirementTravelers]

Our pleasure! That is so wonderful to hear. Glad you are enjoying our channel and website. We do believe our message of downsizing, living within your means, and staying out of debt can be beneficial to many different ages. Happy journeys, John and Bev retirementtravelers.com/

[@KW-qd9vq]

Thank you for this wonderful, informative video! ❤️❤️

[@RetirementTravelers]

You are so welcome! Glad you enjoyed it. We hope you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@user-zl9co7sh8p]

One of your best videos yet! You nailed it! Your kids should be so proud. You are both my inspiration. Keep going!!!

[@RetirementTravelers]

Thank you so much! So glad you are enjoying our channel and website. Happy Trails, John and Bev retirementtravelers.com/

[@san-ramon-flash8077]

Love these tips! All very practical and easy to follow. True, my adult children don’t want the stuff we’ve been saving for years, so it’s time to get rid of it - Easier said than done 😢

[@RetirementTravelers]

Absolutely easier said than done, but we are cheering for you! Thanks for following along with us. Happy journeys, John and Bev retirementtravelers.com/

[@cindyc9527]

Another fabulous video with great information. You two are my inspiration!

[@RetirementTravelers]

Wow, thank you for the kind words. Thanks for following along on our journey. Happy journeys, John and Bev retirementtravelers.com/

[@sabinamock4799]

Your information is much appreciated. Thank you for sharing.

[@RetirementTravelers]

Glad it was helpful! Thanks for watching. Happy journeys, John and Bev retirementtravelers.com/

[@TheTravelingWalker]

Excellent video John and great tips.

[@RetirementTravelers]

Glad you enjoyed it. Thanks so much. Happy journeys, John and Bev retirementtravelers.com/

[@Stopit77]

Great tips and great video, thank you!

[@RetirementTravelers]

Thanks. Glad it was helpful! Happy journeys, John and Bev retirementtravelers.com/

[@gazzafloss]

That was fabulous advice John, thankyou.

[@RetirementTravelers]

Thanks so much. Happy journeys, John and Bev retirementtravelers.com

[@carriepurcell1796]

Thank you for all you do to help the rest of us. You give such helpful tips

[@RetirementTravelers]

You are so welcome! Thanks for following along. Happy journeys, John and Bev ttps://retirementtravelers.com

[@nancykelly5999]

Great information! Thanks for making.

[@RetirementTravelers]

Glad it was helpful! Happy journeys, John and Bev retirementtravelers.com/

[@Anonymous-One1]

Great information! It is scary how ill-prepared most people in the U.S. are for retirement. I recently read an article that 40% of people age 64 and older have a mortgage. Thank you for continuing to share great content. You help us to stay grounded in what's truly important. Safe travels!

[@RetirementTravelers]

Thanks for sharing and following along with us on this journey. We want to inspire and challenge people to think differently about their retirement. Happy journeys, John and Bev retirementtravelers.com/

[@scottcharette1744]

All great advice!

[@RetirementTravelers]

Thanks so much. Glad you found it helpful. Happy journeys, John and Bev retirementtravelers.com/

[@user-cm3nv2yi5s]

So much helpful information, we live in New Zealand & are not too far off retirement, can’t wait to do more travel.

[@RetirementTravelers]

Thanks so much. We absolutely loved our visit to New Zealand. Congrats on retirement and enjoy your travels. Happy journeys, John and Bev retirementtravelers.com/

[@kimharris6649]

A Big Amen! Blessings!!🙏❤️🙏

[@RetirementTravelers]

Thanks so much. Happy journeys, John and Bev retirementtravelers.com/

[@traveler65]

Health is wealth 🌱💚🌍. Thanks for the tips

[@RetirementTravelers]

Well stated. Thanks for sharing. Happy journeys, John and Bev retirementtravelers.com/

[@BB-dr6ho]

Very interesting thank you 😊

[@RetirementTravelers]

You’re welcome 😊 Glad you found it interesting. Hope you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@angiemo0724]

Wonderful ideas! Thanks for sharing. 🙂

[@RetirementTravelers]

Thanks for watching. Happy journeys, John and Bev retirementtravelers.com/

[@hannahmartin345]

Great tips!!!!!

[@RetirementTravelers]

Glad it was helpful! Thanks for watching. Happy journeys, John and Bev retirementtravelers.com/

[@becky9194]

Great video!

[@RetirementTravelers]

Thanks! Glad you enjoyed it. Happy journeys, John and Bev retirementtravelers.com/

[@user-vm8zk4lc1t]

This is inspirational. As I get closer to retirement, I want to ensure that I can still be in my go-go years. Travel - can’t wait to get started and not have to worry about how much vacation time I am using.

[@RetirementTravelers]

Thanks and good luck with your retirement and travel planning. Glad you are enjoying our channel. Happy journeys, John and Bev retirementtravelers.com/

[@gregattanasio3185]

Yes- this is so true. Be able to travel without having to rush back after one week.

[@robertchandler3914]

Great Channel - Great tips, time to pack my bags.

[@RetirementTravelers]

Glad it was helpful! Hope you enjoy our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@extremeAdvil]

Hope your grandchild you came home to help is doing great. You are good grandparents. Xx

[@RetirementTravelers]

He’s doing great! We are still on our journey, but we’re heading that way. Looking forward to a big break this fall to spend time with him and the others. Thank you for your kind words! John & Bev

[@mimitadigre4103]

Florida is very expensive - maybe no income tax but very high insurance costs and condo fees

[@RetirementTravelers]

We agree, that's why we don't own a home while we are traveling. Happy journeys, John and Bev retirementtravelers.com/

[@retireearlywithme]

Well good God. I just found your channel 👍🏻 This is an awesome video. I’ve been to Bogotá, Colombia 🇨🇴 5-6 time and it’s absolutely beautiful. I’m less than a year away from retirement and the age of 55. Let’s see where the future brings us.

[@RetirementTravelers]

Welcome aboard and hope you enjoy our channel and website. Early congrats on your retirement and we look forward to your adventures. Happy journeys, John and Bev retirementtravelers.com/

[@kennethpreston9813]

Lots of financial wisdom in this video

[@RetirementTravelers]

Thanks. Glad you found it helpful. Happy journeys, John and Bev retirementtravelers.com/

[@johnrencher442]

Such great information, I am determined to retire at 62, take the social security and work when I want, I love being a nurse just hate the grind of taking care of 15/30 patients… time to relax and get back to the joy of nursing… Thanks for sharing….

[@RetirementTravelers]

Thanks for sharing and good luck with your retirement plans. Happy journeys, John and Bev retirementtravelers.com/

[@SchaferBob1]

Another fantastic video, John and Bev! How do you like Mauritius and are you also going to Reunion Island and Seychelles? They are my travel list. Also enjoying your website. Stay healthy, safe, and thank you for sharing your smart ideas! Cheers!

[@RetirementTravelers]

We liked Mauritius more than Reunion, but both are beautiful! The Seychelles is still on our list. We are hoping to combine it with a trip to Kenya sometime. Thanks for checking out our website and thanks for your kind words! John & Bev

[@user-pp3dl8id7r]

Excellent content

[@RetirementTravelers]

Glad you think so! Hope you are enjoying our channel. Happy journeys, John and Bev retirementtravelers.com/

[@dsdwtn5911]

Thanks as always for your good retirement things to consider. I would add a differing thought on your "live debt free" point. If a person wants to have a house that they consider NOT paying off their mortgage early. If a person can pay off their mortgage at any time they may be better off to let that amount grow at a higher rate in other investments and keep their low interest loan. I (along with many) was fortunate to get a 3% thirty year mortgage rate and my investments are making much more than this rate. At the same time my home value which is also an investment is increasing like crazy. In this scenario people may want to hold onto that low interest rate. Thanks

[@RetirementTravelers]

Makes good sense in your situation. Thanks for sharing. Happy journeys, John and Bev retirementtravelers.com/

[@susandiekmann]

Great tips, as always! I learn SO much from you two, and always look forward to the next video you've created. One question, and it may be a silly one - Since you no longer own a home, how do you provide proof of residency in Florida?

[@RetirementTravelers]

Thanks. Glad you are enjoying our channel. We owned a home for 5 years in Florida so we just kept residency there, since we weren't living in any other state. Happy journeys, John and Bev retirementtravelers.com/

[@dcole6328]

I also love the senior pass for Senior Parks.

[@RetirementTravelers]

It is awesome. We loved our time visiting all the National Parks. Happy journeys, John and Bev retirementtravelers.com/

[@caroljordan4316]

At the moment in Australia I have a house that is too big for us but to downsize now we would be paying a very high price for a smaller house that needs a lot of upgrades done to it. We have decided just to hang onto our bigger home for now.

[@RetirementTravelers]

Thanks for sharing. Happy journeys, John and Bev retirementtravelers.com/

[@colemant6845]

MY retirement story 100% !! Thank You!

[@RetirementTravelers]

Wonderful! Thanks for sharing. Happy journeys, John and Bev retirementtravelers.com/

[@rahuliyer7456]

My wife and I are Arizona residents, US citizens, and planning to live overseas... namely close to my wife's original place of birth...Ho Chi Minh City, Vietnam. As Arizona has a state income tax, we are looking at potentially first moving from Arizona to either Tennessee or Texas for 1-2 years. After that, we move to Vietnam. We specifically will make sure we totally sever all physical and legal ties to Arizona when we do this. This is because we eant to not pay Arizona state income tax when we move to Vietnam. We are strategically going to do this so that we are moving to Vietnam as Texans or Tennesseeans. We have lived in Tennessee previously, prior to Arizona, so it makes logical sense for Tennessee. However we have a family presence in Texas. The only thing I see is my mother in Illinois thinking I am nuts for not moving to Illinois...a state with high income tax.

[@sct4040]

Once retired and we are living off SS and retirement funds, income taxes are at 12%. It doesn’t hurt that much at all. NYC residents here. We need only $35k per year (not counting travels). The key is to live small, no debt, essentially.

[@RetirementTravelers]

Agree with the live small and no debt. Happy journeys, John and Bev retirementtravelers.com/

[@RetirementTravelers]

Sounds like an awesome plan. Makes no sense to us to be paying high state income tax if you have a choice, especially in retirement. Happy journeys, John and Bev retirementtravelers.com/

[@robertross8565]

What a great way to spend time with grandkids.

[@RetirementTravelers]

We think so. We love this new plan. Happy journeys, John and Bev retirementtravelers.com/

[@wardogsgm51]

Love your channel - In retirement - there are no rules. 😄

[@RetirementTravelers]

Thanks so much! Glad you are enjoying our channel. Happy journeys, John and Bev retirementtravelers.com/

[@aliciagomez8132]

I continue watching your videos, and find great information and inspiration in them. I still work part time, my big expense is my home here in St. Pete Florida. I am looking for ways of making this property work for me while I travel, still working on this possibility. Thank you for all the advice!

[@RetirementTravelers]

That is awesome! It is fun to get creative and find the best solution for your situation. We hope our videos give you some ideas. Happy journeys, John and Bev retirementtravelers.com/

[@goldwest53]

I’ve wanted to ask you about how you deal with kids and grandkids. This helps a lot, because this is my biggest concern. Thanks! ❤

[@RetirementTravelers]

We have a plan! Happy journeys, John and Bev retirementtravelers.com/

[@anyplaceadventures]

Thanks for the tips, we will rent our house out for at least the first year of travel as the value is currently raising at twice the current interest rate and with rent paying the mortgage it makes sense. Other than that there will be a few boxes in storage.

[@RetirementTravelers]

Thanks. Sounds like a great plan. Happy journeys, John and Bev retirementtravelers.com/

[@gene_retire]

Very good video. Thank you so much. Can you guys consider a video on your KZbin channel. And what kind of tax deductions or tax accountants and things to consider when doing a KZbin channel?

[@RetirementTravelers]

Thanks for the suggestion. Happy journeys, John and Bev retirementtravelers.com/

[@livingworkingoutsidebox]

You made some really good points. 👍 Thanks for sharing. Have you considered the tax advantages of staying outside of the US for (I think it's 330+- days) long enough that you would be tax exempt on income $112k? Or is it only foreign earned income?🤔

[@RetirementTravelers]

Thanks and interesting thought. We have not considered it because we don't want to spend that much time away from family, but it could be great for some of our viewers. Thanks for sharing. Happy journeys, John and Bev retirementtravelers.com/

[@PamelaVMason]

We really love your vlogs and discuss your points together to try to make our own future plans. A question that's popped up is: how far in advance do you make your reservations? Here in NWGA we have to plan a minimum of 6months in advance just to go camping! 2nd question is how flexible are you with your plans? Do you ever think staying a little while longer is a good plan? Perhaps due to global developments or weather or just based on how you feel? Thanks in advance for all your great information.

[@RetirementTravelers]

Thanks for watching. We typically plan 6-12 months in advance. We are currently making adjustments and plan to spend an extended period of time visiting with family in the US before starting out again in 2025. Happy journeys, John and Bev retirementtravelers.com/

[@eugeniajohnson4996]

We buy good quality and keep items for a long time. Cars, phones, appliances, etc. My husband has gotten very good at finding repairs for many home appliances on you tube. We dont have to have the newest everything. We prefer to spend extra money traveling.

[@RetirementTravelers]

That is awesome! We agree and thanks for sharing. Happy journeys, John and Bev retirementtravelers.com/

[@evwiz]

Did you ever purchase Osprey AirCover to cover your Farpoint's from the rain or is that just extra to carry around and not needed very often?

[@RetirementTravelers]

We used it maybe once or twice all last year and decided not to take them this year. Happy journeys, John and Bev retirementtravelers.com/

[@redogry]

John, 30 miles a week!!?? Respect Sir. You just motivated me to get back to the physical therapist and start running again.

[@RetirementTravelers]

Thanks. You can do it! We look forward to hearing about your next 5k. Best of luck with the return. Happy journeys, John and Bev retirementtravelers.com/

[@jhook3672]

You guys are the best. I love your videos thank you so much for all the super information you provide. One side bar to your Chase card - Chase bank is in the top four of US based banks that invest in fossil fuel projects which of course is cutting future generations’ quality of life. Just something to think about. There’s lots of options that are fossil fuel free. Granted you don’t get the points but for me I know I’m helping my children’s future.

[@RetirementTravelers]

Thanks and glad you are enjoying our channel. Happy journeys, John and Bev retirementtravelers.com/

[@d.c.127]

As always, GREAT content from the Retirement Travelers! 👍🏻🙂

[@RetirementTravelers]

Thanks and our pleasure! So glad you are enjoying our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@sdnalyam]

Unfortunately many of the seniors discounts arent available in other countries for their seniors. Another big advantage is travelling as 2 people. Much more expensive travelling solo.

[@RetirementTravelers]

Thanks for sharing. Happy journeys, John and Bev retirementtravelers.com/

[@PK-nb9ph]

I was just thinking about the topics of retirement and travel in this time of hyper-inflation. Looks like you guys have been thinking about it and beat me to it already. Haha! 🤗. (Btw, John looks younger and younger each time I see your vedio..)🤔

[@RetirementTravelers]

Thanks for the kind words and glad you enjoyed the video. Happy journeys, John and Bev retirementtravelers.com/

[@UppityRib]

Great info, especially about maintaining your health. I'm curious to know how you personally build running into your life while traveling? That's a concern for me, as I primarily run for health as well. Would love your thoughts on that.

[@RetirementTravelers]

I try to run at least 30 miles a week. I usually go out early in the morning. I really love scoping out a city the morning after we arrive. I try to find the entrances to places and get a lay of the land so when Bev and I go exploring, I have a sense of where we are. Bev walks and we often walk together either after I run or we start out together. Racing is an important part of staying in shape for me, but I find that it's harder to race when on the road. Knowing I have a race to work toward keeps me motivated. Some cities are better than others for running, Cape Town was one of my favorites, but I really felt bad when we were on safari and unable to run (lions, elephants, etc.) I found that SE Asia was hard too, not many sidewalks that weren't taken up by motorbike parking. My advice is to go have fun and incorporate it into your travels. You'll have a better journey! John (and Bev)

[@UppityRib]

@@RetirementTravelers Thanks very much for the tips!

[@lindalougram]

Are you talking about newly retirees in their 50's, maybe early 60"s? You two look pretty young.

[@RetirementTravelers]

Thanks. We like to think we are only 29, but trapped in 60 year old bodies. 🤣🤣. Hope you. enjoy our channel and website. Happy journeys, John and Bev retirementtravelers.com/

[@NCOLON7545]

Although you pay no state income tax in Florida your property taxes are significantly higher than some states that have state income tax. Also, you have to run your A/C consistently to beat the heat which adds to your electric bill in Florida; in some other states this would not be necessary. Please take these things in to account when doing the math if you should move. Always compare apples to apples to get the truth.

[@RetirementTravelers]

We don't have a home in Florida, therefore no property taxes, no A/C, no maintenance, etc Happy journeys, John and Bev retirementtravelers.com/

[@sunmand6136]

I think John is referring to domiciling in Florida because there is no state income tax, just like Texas my home state, Tennesse and North Dakota. I think Washington state too.

[@gracealleman4102]

We moved from Oregon to Florida 2 yrs ago. We pay 78.00 a month for electricity. Our homeowners insurance in Florida is $825 a yr Our gas bill is 40.00 a mo Everything you said is false and incorrect

[@sunmand6136]

@@gracealleman4102 I would hold on to that home insurace of 825 a year for dear life. I Live in Dallas and we don;t have anywhere close to the inclement weather you do. And we still pay MORE THAN double what you are paying. I think you are very fortunate that your monthly electricity bill is only 85 a month (not sure if you ever run your AC) and that your home insurance is as low as it it. From what I have heard home owners in Florida are paying EXPONENTIALLY more than you.

[@joshuabritt5677]

I feel bad for those who are coming up to retirement without having time to adjust to the modern economic climate. Take my advice seriously here. If you are in your forties or early fifties looking at retirement. You still have time to adjust your investments and contributions. Get a little part time job or some overtime and increase your investments. Make some little financial sacrifices now. Not everything has to be cut. You don't have to work your life away. But, a little bit extra will go a long way with 10 to 20 years of compound interest. I'm 41 and have been able to add an additional 700 to 800 dollars a month by cutting a few small corners on spending and picking up a few hours of overtime every other weekend. We can still retire comfortably here people.

[@RetirementTravelers]

Great job. Thanks for sharing your valuable info. We want everyone to have a great retirement. Happy journeys, John and Bev retirementtravelers.com/

[@5877user]

Too many people in their 40’s and 50’s still won’t give up going to expensive music concerts and sports events, and travel, dining out or using Uber eats. They don’t want to make that kind of sacrifice in front of their friends, who are doing the same.

[@krcostantini]

How do you earn so many travel points if you are living cheaply? I try to maximize this feature but there is only so much spending that one does in a month and so many welcoming bonuses you can take advantage of.

[@RetirementTravelers]

We are active travelers, moving places each week which adds to our costs. Because Chase gives us triple points for all travel expenses and restaurants, we are able to earn a lot. We don’t consider ourselves budget travelers, but rather bargain travelers. We spend money on some higher end experiences but also take advantage of lower cost items like public transportation. John & Bev

[@bootsmith8016]

People need to look at their total tax burden & cost of living and not get overly focused on income tax. Many states with no income tax do not have a lower tax burden overall. And don’t let the tax tail wag the dog.

[@RetirementTravelers]

Great point. We utilize Florida for no income tax, but also don't have the downsides of high property taxes and insurance by not owning a home. Happy journeys, John and Bev retirementtravelers.com/

[@Mamabear55]

Good tips! How much time do you spend at each child’s home?

[@sct4040]

Long enough, but not too long to wear off their welcome.

[@RetirementTravelers]

As much as possible, while still visiting each child, our moms and traveling the world. Happy journeys, John and Bev retirementtravelers.com/

[@livmo2351]

👏👏👏

[@RetirementTravelers]

Thanks. Happy journeys, John and Bev retirementtravelers.com/

[@Stopit77]

Hi, what do you do for medical insurance? Is it U.S. medical insurance? So costly I would imagine.

[@RetirementTravelers]

You imagined correctly! Here's our video on the subject. Wish we had better news! kzbin.info/www/bejne/l4TZkJ6KhLRlrMksi=GwMOQZuff60XNZ1W John & Bev

[@johnandjaneadventures]

Good video. Where is Bev?

[@RetirementTravelers]

She's behind the camera for this one. We are never too far apart. ❤️ Happy journeys, John and Bev retirementtravelers.com/

[@normasmith137]

We are a soon to be retired couple with both a federal and military pensions. We’re choosing to move to a state that doesn’t tax military pay and a lesser tax on federal pay. Then we can still travel.

[@IdahoSolar]

All sounds good assuming your not spending your "go go" years taking care of your elderly parents. Somtimes you are the one who needs to provide the "granny pod".

[@RetirementTravelers]

Thanks for sharing your perspective. We know many people are in this situation. Happy journeys, John and Bev retirementtravelers.com/

[@FoodiesVacations]

Hi , we are in Louisville ky! I thought you looked familiar! 😂

[@RetirementTravelers]

So cool! We still have kids in the Louisville area. Happy journeys, John and Bev retirementtravelers.com/

[@FoodiesVacations]

@@RetirementTravelers it’s a small KZbin World…. 😊❤️

[@Worldpeace353]

You changed your profile picture. Is this to grow your own channel? Good idea

[@RetirementTravelers]

Thanks for the vote of confidence, but no, we didn't change our profile picture, just added this shoto to show which of us is delivering the video this week. 😀 John & Bev

[@bridgetwoodward8031]

How long do you spend at each child's home?

[@RetirementTravelers]

We hope to spend about a month each in three different places, plus some other shorter visits. Happy journeys, John and Bev retirementtravelers.com/

[@KathyinKentuckyUSA]

Did I ever tell you we live in Louisville? We are in St.Regis Park, by the hospitals. Where did you live?

[@RetirementTravelers]

We lived in Lake Forest. Happy journeys, John and Bev retirementtravelers.com/

[@amyxplores810]

Vote!

[@RetirementTravelers]

We plan to! Happy journeys, John and Bev retirementtravelers.com/

[@ronnythompson9115]

Doesn't Air Fair and Lodging cost far cancel out a lower cost dinner Overseas?

[@RetirementTravelers]

Depends on your length of stay. You need a longer stay of 1-3 months to get the real benefits and offset the travel. Happy journeys, John and Bev retirementtravelers.com/

[@susanjensen3392]

Where do we find the link to the financial advisor you referenced in the video?

[@sandybeach3576]

😮

[@RetirementTravelers]

Thanks. Happy journeys, John and Bev retirementtravelers.com/

[@Nyhiak]

SS increased by 8% in 2024.

[@RetirementTravelers]

Good to know. Thanks. Happy journeys, John and Bev retirementtravelers.com/

[@darbiz4504]

If you are disabled retired or not you can get access to the park for free

[@RetirementTravelers]

Thanks for sharing. That is good to know. Happy journeys, John and Bev