Retiring at 65 is a HUGE Mistake. Retirement Expert Explains​ Why

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052 {Thumb}[Edited Sabaree] Retiring at 65 is a HUGE Mistake. Retirement Expert Explains​ Why

[@darnellcapriccioso]

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.

[@richardhudson1243]

The increasing prices have impacted my plan to retire at 65 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.

[@ChadRoberts-x6i]

More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to

[@maiadazz]

@@ChadRoberts-x6i talking about coaching, do u consider anyone worthy for recommendations? thanks.

[@ChadRoberts-x6i]

Google Annette Marie Holt and do your own research. She has portfolio management down to a science

[@EmilyMoore-n7n]

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

[@NicholasBall130]

So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

[@StocksWolf752]

In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor

[@cowell621]

Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)

[@LiaStrings]

Could you possibly recommend a CFA you've consulted with?

[@cowell621]

Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@grego6278]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@renscience]

67 now. Retired at 60. I sabotaged my career many times in lieu of keeping up my health all my life. At 4:00 pm I went to the gym all my working career regardless what my employer wanted. I am infinitely more important than my stupid career!

[@Earthtime3978]

@@REL602True. The last day I ever worked was at age 57. Got on SSDI. It’s no great shakes. Yes I’m free from the mental abuse but alone and poor af.

[@plica06]

If you sabotaged your career how could you afford to retire at 60?

[@BlackOlivesMatterToo-iu1tm]

@renscience, You sabotaged your career many times in keeping your health or just being lazy? Do you know the longer you wait to retired you get more money and you can still keep your health.

[@BlackOlivesMatterToo-iu1tm]

@@plica06 Most likely he can't afford to live, he goes to Dollar Tree to buy his box of macaroni and cheese and toilet paper.

[@razorsharplifestyle101hard9]

Do you regret that you didnt retire in your 50s?

[@JENNIFERSONIA8]

Investing in stocks may appear simple, but selecting the appropriate stock without a proven strategy can be tough. I've been trying to develop my $210,000 portfolio for a while, but the biggest hurdle is a lack of a clear entrance and exit strategy. Any feedback on this topic would be greatly welcomed.

[@StevenDonald2]

Investing in multiple asset classes can mitigate risk more effectively than placing all of your capital in one. See a financial consultant if you don't comprehend finances well enough.

[@EdwardAnthony5]

Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@JamesWilliam8]

That makes perfect sense; you seem to have a better understanding of the market than we do. The coach is who?

[@EdwardAnthony5]

NICOLE ANASTASIA PLUMLEE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@JamesWilliam8]

I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks

[@tomlewis4345]

I retired at 63 and 4 months. I had my first heart attack at 62. My wife was diagnosed with cancer 2 months after I retired. Wiped out our retirement savings but she is 14 years cancer free.

[@tomlewis4345]

@@wingman6040 yup in the state of New Mexico. Never been in Canada but did live in Indiana for almost 32 years couldn’t do the snow anymore so we moved to the desert southwest.

[@tomlewis4345]

@@fml5910 I have seen things happen like that far too often.

[@sharondalynnewton7562]

@@wingman6040pretty much!

[@motorcitymadman146]

Its a shitty world

[@Despond]

Disgusting how the government makes you pay so much taxes for lazy people and shotty legislation but when someone has a serious illness they basically have to use all their lifetimes savings. I am happy she is cancer free.

[@bcarroll7317]

Financially, I’m set for life. So long as I die by Tuesday.

[@leannesampson3199]

😂😅😊

[@loganpadayachee6048]

Lol😂

[@christhomas5761]

Now that`s funny , lol

[@wandalynch1780]

😂😂😂

[@jamescalifornia2964]

🏆 Best Post Award 🎉

[@Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@kevinmarten]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@JacquelinePerrira]

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

[@JacquelinePerrira]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@shotgungenetics]

@@kevinmarten Unless someone has studied the stock market and has training, and proof of success putting any retirement money in it, is WAY to dangerous. Did you learn nothing in the financial crisis?

[@jackjohnsen8506]

No one makes enough to "SAVE:|" for a house My firrst house was 32K, and the one i sold before My retirement house, which I paid cash for ,sold for 736K I made 1,3 million in house appreciation in 41 years, in california, and then Moved to a State, not run by ciminals and loonitics...

[@tahirisaid2693]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@Lemariecooper]

Agreed, having a good financial advisor is invaluable, my portfolio is well-matched for every season of the market and has just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

[@KentBrono]

mind sharing info of this person guiding you please? truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor

[@Lemariecooper]

Her name is. 'NICOLE ANASTASIA PLUMLEE’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@KentBrono]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@lillis887]

@@tahirisaid2693 I’m following Dave Ramsey’s baby steps all the way!!❤️Please check out Ramsey solutions and hook up with one of his trusted advisors!🙏🙏❤️

[@sharedsailing4787]

My father was a hard working engineer and was going to retire early at 62. He got cancer at 59 and didn't make it to 60. He never got the chance to enjoy the fruits of his labor. You never know. Enjoy life while you can.

[@PeterReefman]

Exactly the same for my mum, back in 2008. Now I'm 54, and that is very very much on my own mind.

[@rocketjb57]

Absolutely correct

[@billykay4472]

Go for it while you can!

[@RD-ij2sz]

What if you live longer? Which is more possible that early cancer death. Then will you be spending life of misery with out sufficient retirement corpus? I think everyone has to find a right balance between the two ie keeping too much for retirement by sacrificing today s life pleasures and enjoy today who has seen tomorrow attitudes.

[@thirstingknowledge]

I absolutely agree.

[@ginatayl]

Retired at 62. No stress, no schedules, no alarm clocks! It's amazing!!

[@RobertTerbrugge]

I'm laughing because I am 61 and took a job at a golf course, for something outdoors to do. My alarm is set for 5am. For now, I enjoy the social interaction and work replacement but if it gets too much I will quit.

[@joanneputra2932]

Me too! 3 weeks ago! Love it! 😊

[@alicepopovski3643]

Exactly , best decision ever.

[@steventhomas9355]

What do you do for Insurance?

[@michellebilodeau3882]

Agreed😊

[@texputter7928]

Well said, sir! I retired shortly before I turned 52, 19 years ago, and never looked back. Living healthy and stress free is worth more than all the riches in the world, in my opinion.

[@jumpstar9000]

Quite right!!

[@mdqmd]

I retired at 60. I call it self preservatiion. I enjoy my freedom.

[@peterhobbs4780]

Absolutely agree. All the wealth means nothing without good health.

[@lenilim8851]

So true!!

[@Shirley_P-c2c]

I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?

[@CurtisM-r4j]

I believe the average life expectancy in the US is around 77.5 years, but many individuals live into their 80s. Therefore, $1 million needs to cover all those years as well as any unexpected expenses. While $1 million is a solid beginning, I recommend seeking financial advice just to be safe.

[@Julietarocha-i5k]

I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 46 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. As of today, my portfolio has yielded over 300%, summing up $836k. Stay motivated friends

[@Kai-p2g]

@@Julietarocha-i5k this is huge! your advsor must be grade A, mind sharing more info pleas? in dire need of proper asset allocation

[@Julietarocha-i5k]

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

[@staceymayar4606]

@AliceNicholson-q4i be careful with these leads. I almost got conned!

[@AuthorCAL]

Just "retired." What do I live on? 33% SS widow's benefits; 33% investments; and, 33% PT work. ALWAYS invest in your marriage. It's easy to cut and run, but also very costly in many ways! My late husband and I dated and wooed each other throughout our marriage. When we had rough patches (every marriage does!), we worked on it, and kept our lines of communication open. We worked through things and made it to our late 50s with a HEALTHY and HAPPY marriage before his death in 2021. Don't take time for granted. He saved his entire life and never saw retirement. Nothing is guaranteed. Live now and live well!

[@leolo2222]

I worked a high pressure job with a lot of stress. I slept maybe 4 uninterrupted hours each night unless I self medicated. I had heart palpitations during the day and realized at 52 I felt like a stroke or heart attack were around the corner. I retired 6 years ago at 52 and finally got a full night sleep. Yep, we changed the way we live, but shedding all that stress was worth it.

[@micheal_mills]

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.

[@robert-1miller]

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.

[@donna_martins]

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.

[@berkrix4312]

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.

[@donna_martins]

Vivian Jean Wilhelm 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.

[@berkrix4312]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@PapiChulo-t1s]

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. i want to invest around $400k savings.

[@SlowrideHome91]

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.

[@JIANHENGLUG]

I just use KZbin for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own. I have consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains in close to decade of having one

[@Porcher-w2r]

pls how can I reach this expert, I need someone to help me manage my portfolio

[@JIANHENGLUG]

*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.

[@PauleAraiza]

Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.

[@Ericbabacan]

Recently, I've been pondering retirement. I've also want to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future..

[@GabrielZi-xr6zc]

Yes. It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit

[@A-krandy]

That makes sense. Unlike us, you seem to have the market figured out. Who’s your fiduciary?

[@GabrielZi-xr6zc]

’Marisa breton Dollard’ 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..

[@A-krandy]

Thank you for the tip. It was easy to find your coach. I did my due diligence before scheduling a phone call with him, and he seems highly proficient based on his résumé.

[@motorcitymadman146]

Dont get caught in a scam . Buy Gold and silver and pay off debt.

[@larrymcdonald5219]

I retired at 57 and I am happy as a clam. I will be 62 at the end of the year and I’ve been supremely happy.

[@christopherschleeper7186]

What did you do for health insurance?

[@larrymcdonald5219]

@@christopherschleeper7186 I was able to carry my health insurance into retirement. I retired from the federal government and it’s a great benefit to be able to keep health insurance.. I know most people have to wait for Medicare. Best of luck to you.

[@tedebayer1]

My sister did her best to maintain good health, working out daily, keep the weight down, ate properly, so she worked right until her 65 birthday in Aug of 2021. Sold her house and bought a smaller one on the coast. New years 2022 she went to see the emergency department due to dizzy spells, and was given a few months to live, but she made it two months. Retired at 65, made it to 65-1/2. I retired 6 months later at 61 realizing then there are zero guarantees and life isn't always fair. Retire as soon as you are financially able, not financially well off. If you love to work enjoy, if you don't do all you can to get away, its worth it.

[@ihadtosayit10]

My husband retired at 65 and died at 68. So this video hit home. I am 11 years younger and have not worked since his passing. I will now get a Social Security Widows pension starting in October. In addition I have two small pensions and a healthy IRA account and outside savings. I also can not earn more than $22,500 without having to give back some of the of the SS pension. So, I am retired. I don't plan on drawing down on my IRA until the cost of living increases beyond my current fixed income. My husband put most of this in place for us, and I am so grateful to him.

[@SadDadBadHad]

I’m sorry for your loss, but his care for you is beautiful. You must have had an admirable marriage.

[@parkerbohnn]

I make more than that a week and I only worked to age 35.

[@sparkykitty6870]

Sorry for your loss.

[@logicae4096]

48, retiring at 50. Really tired of the rat race... I am a corporate executive. I need a solid 6 months of de-compression, just fishing and traveling with my wife and I.

[@music-jj2pl]

Thats what I said when I was 47. I'm in software. I had to readjust to 53. But that's it. I'll move to the sticks if I have to.

[@fdm2155]

I have a kid in high school. When he's done, I'm done! Can't see the point of waiting beyond that.

[@MelissaCoup]

@@music-jj2pl I highly suggest moving to the sticks We live happily off Grid in Camptonville California only 12 min from the next town. I LOVE It!! Downfall is you cannot do a reverse mortgage and there is no homeowners insurance offered. Add that to free water via springs, and Solar to power the house 7 months a year, and power the car & E-bikes, we spend $575 on Monthly expenses. Groceries not included

[@ThunderStruck94660]

@@MelissaCoup That is awesome Melissa. We want Californians like you in Texas:)

[@execatty]

Ironic.. I always tell people first thing I'd do if I hit lotto.. De compress from life and sit on a boat in key west for 6 months..

[@drumsnmore2545]

Part time work is rarely discussed on these channels. I’m 57 and doing alternate two and three days weeks - in another year will move to two day work weeks indefinitely. I get the income, social interaction, and stimulation of a career I enjoy without all the stress - along with gobs of free time for hobbies and travel. Best of both worlds!

[@douglashaner6802]

And if things go bad...you have a steady work history. I plan on doing this at age 60. I will have 3 small pensions that add up. But don't want to completely stop working.

[@fmagalhaes1521]

I am looking to doing that so I can retire in a little over two years at 62.

[@y_yy_2844]

Part time work is rarely allowed or offered by employers.

[@drumsnmore2545]

@@y_yy_2844 Source? I would think it varies greatly by employer

[@imkindofabigdeal4308]

@@y_yy_2844 You don't need permission to start your own part-time business.

[@Tonymanero1960]

I agree retiring at 65 is a Huge Mistake,......that is why I retired at 57( 7 years ago). I also took Social Security the second I was eligible. Life is good,..no regrets,...no apologies,....and I am worth more now than when I retired.

[@JB-fq9dp]

Congrats, I'm planning to retire at 57 also.

[@Tonymanero1960]

@@JB-fq9dp Do it,........and take S.S as soon as you can,........just to irritate Uncle Sam.

[@charlesdudek7713]

I retired at 57, 10 years ago and it was the best decision I ever made. I highly recommend it.

[@mayracardona996]

Good for you, I will be 62 in September, hopefully December 31st will be my last day at work. I think 40 years of labor is enough and I want to enjoy what I have accomplished while I can.

[@roaddawg831]

Yep, I too retired at 57 over 10 years ago. Invested wisely so I don't need to take SS until I reach the max age in a couple of years. I've stayed in shape and lived well this last decade. You never get the years back, retire as soon as you can!

[@WilliamFluery]

I took voluntary early retirement in 2018 at 57. I moved in to take care of my Alzheimer’s ridden mother. January 2022, I was disgusted with my health. I was obese and on 7 medications. I had been watching months of how to improve my health and decide to jump in with both feet. I went with a Keto diet and I started walking 3 miles every other day. Three days into it I stopped a 20 year prescription of an acid reflux drug. Three weeks into it, I was eating one meal a day (2,000 calories of Meat, vegetables and fat.) After 1 month I was up to 8 miles every other day. June 2022, I had the best blood test results ever. October 2022, I was off all medications and had lost 60 lbs. Two years, 6 moths later, I still eat the same diet and walk 10 miles every other day. I will be adding Sprinting and weight resistant training in the coming weeks. Who knows what I face from 60 years of a horrible diet but going forward, I will eat to live instead of living to eat.

[@kimdavis5403]

That is tremendous progress!!! 🙌

[@WilliamFluery]

@@kimdavis5403 Thank you, Kim

[@markeh1971]

I’m like you but they gave me Tirzepatide and it’s working for me. Weight loss ongoing and hoping it helps. Take care M.

[@jameskelleher993]

You should be very proud of yourself . Energy flows where focus goes and there is nothing more important than your health .

[@AndyPat239]

Good on you!

[@jtb-southphilly]

Divorce in 2013 crushed me in so many ways. Fortunately, I am of sound mind and body and healthy. As far as finances go I have very little but I’m debt-free (no car payments, credit card debt, etc). I ended up living a very minimalist lifestyle without all the possesions. You can’t take anything with you when you die so why struggle trying to have everything. Got a car, got a road bicycle…I’m good! 👍

[@snowdrop629]

Gotta road bike? You are rich in so many ways, enjoy your cycling and stop every now and then to smell the roses and see nature, thats my motto

[@Earthtime3978]

It’s tough at 60 to get the adventure bug, especially biking all over.

[@erth2man]

The biggest factor preventing people from retiring before the age of 65 is the added expense of giving up their employer based health insurance plan.

[@lynnepopash2292]

agree! It's the one thing that keeps me from considering retirement.

[@larryperez9895]

I agree and disagree. I agree people are concerned about it and obsess about it, but on the other hand, it's a sign that they didn't plan well if the "ONLY REASON" is health insurance. Just make a plan for it.

[@ohsweetmystery]

@@larryperez9895Just pay for it for a few years before Medicare kicks in.

[@user-ix2mz7mp9y]

But if your illegal you get it for free!

[@Earthtime3978]

No the biggest factor is having money in your pocket …to live!

[@msolar1041]

I’m retiring at 104. I’ll have everything paid off and should be able to make it on SS. Only 54 more years to go.

[@jamescalifornia2964]

Yes indeed 😚👌

[@jackjohnsen8506]

you won't be laughing when you can't work anymore at fifty...and welcome to sleeping in yor ford Pinto...

[@Jasmine-qc4st]

You will be the richest on the ground at that age

[@zeldadesantiago6974]

Much luck to you I hope to run my last marathon at 103 ❤

[@jackjohnsen8506]

good luck but thats not a good thing to want...

[@erichendrick3928]

You will never hear someone on their death bed say: " Boy, I sure wish I had worked more."

[@carlandre8610]

Not sure about that. I think it depends on what you do. I work doing especially challenging mental health work. It is super satisfying helping people and seeing changes in people's lives. I get 6 weeks of vacation. I have money to do what I want when not working. I have many interests and can do most of them while working. I will be 62 soon. I have no regrets. Seeing people with Schizophrenia Bipolar and Schizoaffective disorder recover is amazing.

[@jerrypelletier2328]

My Father will..... That man loved to build homes.....he is 93 and wishes he could be building still to this day.

[@philc.9280]

Pretty sobering facts. Fortunately, my wife and I are in great health and will retire at age 70 after 49 years working in our fields. We could have retired much earlier as money wasn't an issue, but work gave us purpose and meaning, and we loved our jobs.

[@kenmartin5771]

If you love your job no need to retire early.

[@vicktdock]

Jeez no hobbies or passions?

[@philc.9280]

@@vicktdock Good question. As I write we are traveling in our new RV in the San Diego area enjoying the scenery. We serve a lot in our church ministry and play musical instruments. I do a lot of mechanical type work on the side.

[@guitarhillbilly1482]

Are you going to start your SS at 67 years old?

[@markeh1971]

Loving your job helps time fly. Having a well paid job gives you options outside work. I’m lucky to be able to retire abroad or 1/2 the year overseas. Just hope our health lets us do this. Take care M.

[@BrewerVera]

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[@Raymondcraw1967RaymondCrawley]

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.

[@AndersonFair-cy2bb]

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.

[@BrewerVera]

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.

[@AndersonFair-cy2bb]

Rachel Sarah Parrish 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.

[@BrewerVera]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@lillis887]

Why I’m out at 62!!! Health and life is not promised!! As a 58yr old RN half of my pts are younger than me. 🤔 Watched multiple coworkers RN’s pass from CA and strokes!!🤔🤔At 62 I’m OUT!!❤I’m taking whatever benefits I can get as early as I can!! 😢🙏🎉

[@juliuserving7841]

I'm 58 years old too, an RN lots of stress. Me machinist stress too standing on ur feet put up with management ugh good luck in retirement!!

[@mariolibertad9972]

Injections

[@talulatree5297]

I'll be 53 next week. The countdown is on!!

[@sparkykitty6870]

Hope your home is paid for! Best of everything to you!

[@elkmo41]

SS asap…I will never get what I put in.

[@ern48]

I quit working at 48, sold my house at the peak before '08 and have lived within my means since, pension at 55, ss at 62 and have never looked back. I have not borrowed any $ in almost 40 years, if I can't pay cash I don't buy it and my $ goes twice as far by not paying interest. Money will not buy you time or happiness.

[@parkerbohnn]

I paid cash my entire life for everything but rental cars.

[@philmarsh7723]

Obesity. Lack of exercise. Your worst enemies.

[@ThunderStruck94660]

Yup, exactly.

[@mikedr1549]

Exactly. It's not that retiring at 65 is a mistake - it's more that the majority of people don't take proper care of themselves.

[@billvill61]

Sorry, smoking is your worst enemy.

[@br5380]

@@billvill61over here in the U.K. far less people smoke than in the past, but obesity has taken over

[@zeroceiling]

@@billvill61don’t be sorry…smoking is a problem…but many many more people are affected by obesity…

[@forfreedom67]

I retired at 59, and it was the best decision. Live it too short, and you never know what's ahead. Enjoy every minute because life can change in a second. Do what's best for your own situation.

[@TbarRocks]

Yep, you are never promised tomorrow!!

[@pac1fic055]

How do you deal with health insurance?

[@blaquopaque]

I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?

[@Curbalnk]

Glad to hear from another buckeye! comfortable retirement depends on your lifestyle...

[@greekbarrios]

I would get money management just in case. You’re only 55. I think the average life expectancy in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!

[@kansasmile]

Generally speaking, a good number of people discredit the effectiveness of a certified fiduciary in planning for retirement, For over the past 10years, I’ve had a CFA consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains.Might not be a lot but retirement doesn’t seem so farfetched anymore.

[@irenafields3324]

Comfortable retirement with $1 million and 55 years old? Wake up, please. Unless you live a very simple lifestyle.

[@michellebilodeau3882]

Its enough.

[@projectkj7643]

This is a BIG wake-up call for me. I retired this year at 59! I just realized how blessed I truly am! I just started lifting weights.

[@pensacola321]

I retired 17 years ago at age 57. So glad I did. It is very doable, and I am still very healthy. Still in the Go-Go years.

[@markeh1971]

Congratulations and keep it up! M.

[@razorsharplifestyle101hard9]

Do you think you could have retire at 50 instead of 57?

[@davearnold731]

It was fairly easy for baby boomers. At 25 or 35 years old good luck retiring early

[@Earthtime3978]

I went out of work at 57 as well but by way of SSDI. I’m free from the mental abuse but alone and poor as fuck.

[@parkerbohnn]

I'm in the po-po years. I got Crohn's disease at age 38.

[@ray3172]

I retired at 55 and now 64! I've saved enough money to payoff my house, invested college for my 2 kids, got my pension and never touched a penny from my 401k or collected my SS. I've been travelling and taking a cruise ever year. I keep myself quite busy by playing tennis, pickle ball, Gym, Ping Pong, gaming(PC Games), cooking, and karaoking!.Life is excellent for me.

[@joeo7257]

You are spot on! I retired at 56 yrs old as a mechanic. I'm 63 and much healthier than when I retired. It's about balance. Live below your means. live while you are working., not the other way around. Don't sacrifice your now for a distant goal. When you retire living below your means, you can stop saving yet keep your lifestyle. Start now! New Subscriber

[@raynoldgrey]

We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy

[@andrewlogan7737]

50 and early retirement. I'm very worried about the future and where we're all heading, especially in terms of money and how to get by. I'm considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?

[@ryanrobertson368]

It seems like I used the FIRE movement to manage my finances. Investigate it further by doing some research. With the help of a financial professional, they were then successful when investing in stocks, cryptocurrencies, and real estate.

[@mikeharry96]

I'm new to this and have heard that now is an excellent time to buy. However, I currently have cash sitting in my bank account that I would really like to put to good use because inflation is at an all-time high. Who is this coach that you mention, and do you mind if I look them up?

[@ryanrobertson368]

Yes, Sharon Ann Meny made headlines in 2020, but I'm not sure if I can bring her up in this context. She manages my portfolio and acts as a counselor for me.

[@mplate1792]

@@andrewlogan7737 in my amateur opinion the stock market has been doing well this year. My humble policy is to invest in the market on a regular basis (dollar cost averaging). Think long term instead of trying to figure out where the market is at in the moment. So far, so good.

[@fmagalhaes1521]

That is why in the US, they give full retirement now at 67. This is not by accident.

[@kerrybarnes7289]

I retired at 50 ten years ago, best decision I made

[@Practice_Kindness-1st]

53 (almost 10) & thrilled!

[@Prodrive1]

Me too🎉

[@ParisianThinker]

Retired at age 39 from practicing law. Now 77 and still have $3.5M left. Health is the first wealth. I am in great shape.

[@MGTOWmademeMillionaire777]

How much you had when you retire? Im 37, live in Costa Rica and my networth is 1.5M

[@mr.wilson8340]

People who feel the need to gloat typically don’t have a pot to piss in. You were a lawyer though so that says a lot. 🤮

[@BigLar56321]

@@mr.wilson8340If it was easy, everyone would do it. Guess that doesn’t include you. I spent 40 years in litigation and I’m enjoying the fruits of that labor in retirement. Believe me, it wasn’t always easy and it’s not for everyone, but no reason for hating on it other than jealousy.

[@RobertTerbrugge]

@@BigLar56321 I believe you, I worked with estates litigators and know divorce lawyers. It sucks the life out of normal people.

[@hubertvecht7255]

Simple, Steal/Retire 😂

[@heinzpilot]

No one's going to be able to retire at 65 anymore. These corrupt politicians in America have destroyed this country.

[@martinbaccetti8877]

CALLED DEMOCRATS

[@imkindofabigdeal4308]

The ability to save money now and spend it later is an underappreciated miracle. By deferring some gratification now, you have a claim on society (a certificate of performance as Walter Williams called it) that, if honored, makes life beyond subsistence farming possible. The point of all of this corruption of our money, our financial industry, our politicians, the donor class, and a captive media, is to harvest those claims against the future for their own benefit now. Saying we'll own nothing and be happy is one way to describe that strategy. We all need to wake up.

[@kenb3552]

And WHO voted those people in?? We get what we vote for.

[@Winkkin]

I was an accountant by training and early on it was clear that average salaries can never support a comfortable retirement. You dont make enough to save when you're barely paying your bills and yet they expect you to save enough to cover 70% of your pre-retirement income through a 401K and heaven forbid you live long enough that you have to reverse mortgage your home in later years. If you live till 85 you need 14 years worth of your old salary in the bank to cover (SS is targeted at providing approximately 30% of your pre-retirement income). Thats a lousy prospect hanging over your head. The only solid opportunity, for average salaried people, is to get a job that has a pension.

[@Winkkin]

@@imkindofabigdeal4308 The other possibility is a solid pension. $704,000 in pension benefits in 11 years, and counting. There is no better way. And, all of the money I made while I worked $1.6 million .... I spent in the year I earned it, so I've never lost a penny to inflation because I've never saved a penny.

[@69camaro19]

"Genetics loads the gun,diet and lifestyle pulls the trigger".

[@momof4spoiled1s]

what kind of car is that in your avatar pic?

[@69camaro19]

@@momof4spoiled1s It's my 1969 Camaro I fully restored a few years back.

[@momof4spoiled1s]

@@69camaro19 nice. Looks orange in the avatar but red when I go to your channel. Anyway, it caught my eye. Many, many moons ago I had a bf that had an orange camaro with the stripes like that. I think his was a '70 though. He died very young while he still had it. Wonder what happened to it.

[@69camaro19]

@@momof4spoiled1s Sorry to here about your BF. The car is Hugger Orange with white rally stripes..

[@nealdavid1820]

I officially retired at 64 and 7 months. I hadn’t had a vacation in over 15 years at that time. I now travel around the Pacific and enjoy life every day. I currently have excellent health and pray that will continue. Retire and enjoy life before it’s too late. 😊

[@br5380]

One thing that always stands out with US retirement videos is ‘travel’. Us Europeans travelled when we worked, we took our holidays/vacations 😀

[@BruceLee-xn3nn]

​@@br5380Im American and I get 5 weeks vacation every year. I'm not waiting until retirement to vacation. I get it done now

[@br5380]

@@BruceLee-xn3nn based on the US-centric retirement videos, you sound like an exception

[@cutehumor]

I'm retiring at age 54.5 with IRS rule of 55. Life is too short to be stressed about money. I have a short life expectancy as well as a bad family life history of cancer.

[@americancitizen1344]

Start looking into intermittent fasting stay away from sugar.Your cancer expectancy will go way down.God bless you my friend

[@bc_usa]

​@@americancitizen1344Facts!!!

[@mjulkunen]

Good for you! Now stop stressing about life expectancy and cancer. Go live a happy/healthy life - you don't have a lot of control over your life expectancy or cancer. You can get by on very little money if needed.

[@SamHeck-uq1qe]

What are you doing for health insurance?

[@SamHeck-uq1qe]

What are you doing for health insurance?

[@douglashaner6802]

You're the only person thus far that mentioned Healthy Life Expectancy instead of Life Expectancy.

[@denissecafengiu2033]

Pay off your mortgage and retire. Unless you plan to travel the whole world you really don’t need much. Rice and beans better than a job. Also can work PT just to keep busy. 👍🏻👍🏻😄

[@Lulusvideos1]

I agree, live frugally and within your means. Eliminating as much debt as possible definitely helps.

[@JohnBowl14690]

Rice and beans better than a job? I think it depends on the job. Mark Zuckerberg is still working an he has $150 billion.

[@razorsharplifestyle101hard9]

@@JohnBowl14690 You call that wage slavery.Mark not on wages.I dont if he working at all.

[@rschier1]

Retiring does not necessitate paying off a mortgage. It's really a case by case basis....

[@Jack-2017]

Everyone’s situation is different. To say it is a huge mistake to retire at 65 is ignorant. What works for one person may not work for another.

[@karnubawax]

I'll be 62 next year. At 62 and 1 day... I'M OUT!

[@mjulkunen]

I retired at 60. I'm loving life. However, I wish I would have figured out a way to retire as early as 50.

[@user-ix2mz7mp9y]

Hit 62 in 6 months, I'm out too. House is paid off and no debt. I'm so looking forward to it.

[@anthonywilson7304]

I'll be 62.5 this time next year. We going to do some travel for a couple of years. I could go back to work on a part time casual basis if I have too but we are pretty set to string it out until I'm 67 when I'm able to get a pension. We have enough super and no debt. Most importantly my wife and I have our health. We are certainly in a position to start enjoying life on our own terms.

[@Earthtime3978]

Have a boatload of cash nearby. Been down that road.

[@dentray]

I said that and now I am 63 lol

[@rlhaff3560]

GREAT video... I'm so tired of all the investment companies telling us we need to work work work until we're dead!

[@strawberrytart321]

I'm waiting for the MAID thingy to come to the US. and I'm OUT!

[@ThunderStruck94660]

Retired at 55 in March. Best decision. The weight of the world is off my back. I am having a blast learning how to fix things on platforms such as youtube. Way more sense of accomplishment than doing a 50 page powerpoint. Military retirement isn't awesome, but it has allowed my to throw off my corporate overload.

[@parkerbohnn]

No one should retire past age 55. Freedom 55. I retired at age 35 due to my health.

[@pabs8]

Yes, let the young people take charge of the jobs. In our 50's our priorities change. Unless you are supper passionate about the work you do.

[@ThunderStruck94660]

@@pabs8 Yup, we are having our first grandkids in December (twins). I am not missing out on that.

[@stevemccarty6384]

I joined the military at 19 during the VN War. What fun that was! Got out bought an apartment and lived in one of the units. Got jobs. Stayed in the military Reserve. Was forced to run and work out. Finished my teaching credential and taught for a decade or so. Loved it. Stayed in the Reserve and kept running. Sold the apartment and bought a house and then a few more. Ended up retiring from the military after 40 years. Retired at 60. Free Health Care with the military retirement. Retired from teaching. Got some stock investment savings. Now house paid for, free health care, cars (2) paid for, same wife for nearly 50 years. She is an accountant and manages our savings. Am 79 and life is good. People in my family live to 100. I hope that I have a ways to go.

[@NatalieDormer-or4jj]

I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.

[@jglee6721]

Bought a house in Vancouver, BC? lol. That's at least a million USD. You must be rich.

[@jimr5855]

the more important message is take action to improve your health, regardless of what you are doing with your time.

[@shawn5170]

I’m 63 1/2 and I’d love to retire now but who can afford the health insurance? I have to wait to 65 so I can get on Medicare. I exercise, my health is good and I’m not fat like most people. I’ll be debt free by then. I really have no choice.

[@Electromag50]

Health care isn't as expensive as I thought it was. You should check it out, just go to United Health Care and it gives you quotes without asking for your email or personal identity.

[@angela-if8tt]

YOU should find out how much COBRA is a month its good for 18 months or Obamacare to retire earlier.

[@WilliamFluery]

@@shawn5170 Move to South East Asia…health insurance is inexpensive and medical costs are ridiculously inexpensive. Living expenses are 1/4th of the US.

[@deeheglie4940]

What about those of us laid off at 62, then the pandemic hit, then we are interviewing for positions against people 20 years our junior? Employers pay lip service to hiring over 50s, but the reality is that ageism still persists! I rest my case.

[@milfordcivic6755]

At 49, this is my greatest fear. I work in an office full of 20-30 year olds who seem to have their own "bros" clique - I'm left out of the loop a lot and people only talk to me when they need something. If there is ever a layoff, I know I'm already on the list. I don't know what I'll do after this job, because I'm just sick of working for companies where it's the same BS I've been fed for the last 30 years.

[@kwilliams2239]

@@milfordcivic6755 Yes, being laid off at 62 would be bad but at least there is some SS to fall back on. At 49, there is a good possibility that you are screwed. I went through a period of 18 months where my employer went from over 35K employees at our location to under 12K. Since the area was basically a one trick pony, at that time, house prices were in free-fall. I transferred to another location, but I was finally laid off at 55. I have skills that were/are in high demand, so it wasn't a death-blow. I had one instance of obvious age discrimination but several others where it was the opposite. My skills were in high enough demand that some employers were intentionally looking for gray-hairs. Experience mattered more than youth and a low salary.

[@grahamp2334]

Seek out companies that hire older workers. They do exist.

[@johnkelly9451]

With the baby boomers retiring there's a shortage of workers. After mandating the vaccine and firing the people who didn't get it, our first responders, military, gov't city workers, ems ect., truck drivers, restaurants and vet clinics, stores opening four to five days due to worker shortages, companies are screaming now for a warm body to help but cannot fill the positions. Is this why the gov't opened the border? Experienced people are in short supply. All the trades are in short supply too.

[@johnkelly9451]

​@@milfordcivic6755Yes, working with the snowflake generations and possibly having one for a boss is anyones nightmare. I hope the generation after them gives them a headache too.

[@rosed6058]

I am retiring this year, July 5th. I am so excited. I just turned 60.

[@markeh1971]

Hi, great news now keep busy doing what you want to do. Me looking for 60, 7 years to go / save. State retirement is 67 for me so I need to build up the fund to pay me between the two. Health is the biggest factor in all of this. Have had a heart issue and this could pull the rug on it all!!! You may have plans but being I’ll or dead will stop that. Take care M.

[@user-ix2mz7mp9y]

Congratulations....November for me. 62

[@dnhman]

It’s about our terrible diet and overly sedentary lifestyle

[@philcadorette1383]

I am in a similar situation, I have invested in dividend paying ETF'S as my source of monthly income. That way I don't have to sell anything and the principal core investments stays intact rather than shrinking. Been this way for 2 years now, it's great !!

[@strawberrytart321]

The garbage put in foods in the USA are not allowed in Europe.

[@BruceLee-xn3nn]

I've been at my job for 25 years. I have alot of older coworkers that have died out at young age. Majority were heavy drinkers , smokers, very poor diet or all 3.

[@LarsBergstrom-uh2eu]

I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?

[@lisagrace667]

My concern is health care insurance if retiring before age 65 and qualifying for Medicare. How can anyone afford to purchase healthcare on their own?

[@WTHenry2023]

@@lisagrace667 Bingo. That's why I will retire at 65!

[@tj3688]

The exorbitant cost of health insurance will likely prevent me from retiring until 65.

[@TheThiaminBlog]

Yes-what do people do about that? No medicare till 60 something?

[@wheels636]

I'm 66.5 and I'm retiring in the next few weeks. I could've retired at 60 but I enjoyed working where I've worked for 44 year's now with the same company.

[@notanomad9320]

You'll probably live longer than all those people who hate their jobs, lived bad health life styles and want to retire early. Good luck!

[@mjulkunen]

A lot of people say they enjoy working. I don't believe most of them. I have friends that I golf with that could retire but say they enjoy working. What are they doing at the golf course??? Go back to work... do what you "enjoy???"

[@JohnBowl14690]

@@mjulkunen - You probably have a dull job if you can't see how others can like working. I'm sure most of us would prefer being lazy and never going to the gym, brushing our teeth, flossing or doing other things that are beneficial to our lives. However, I get a lot out of going to the gym and working. If all you do is play golf, watch TV and drink beer all day, sure, it's probably more enjoyable than working or going to the gym. But for me, no thanks. Sometimes living your best life isn't just being a glutton for laziness and doing nothing. Even if I were a billionaire, I would not choose that lifestyle.

[@mjulkunen]

@cdsersd2d I've never touched alcohol. I watch about 4 hours of TV per week. I walk about 30 miles per week on the golf course. I go to the gym 3-4 times per week. I play 10-12 hours of pickleball per week. I ride my bike 20-40 miles per week. I spend about 10 hours per week with my granddaughter and her parents. I work in the yard. I do home maintenance. I like to cook. Yes, in comparison, my job was boring... numbers, finance, accounting, analytics, and computer systems. Yes, I'm lazy... I take a 30-90 minute nap nearly everyday. Playing hard and loving life can be exhausting. I hope you love your job so much that you never leave. As for me, I don't miss my job for even a second.

[@JohnBowl14690]

@@mjulkunen - Again, let's go back to your main point about enjoying working. Mark Zuckerberg has over $150Billion. Why does he still work if working is so horrible? Jeff Bezos isn't CEO of Amazon, but still works there and has a new space company. Why does he still work if it's so horrible? He can play pickleball as much as you can or play golf all day. Why doesn't he?

[@hwy6163]

I Retired at 49- Paid off home- own several Investments that pay off regularly- It’s great if you plan starting when your in your teens- My first job was shining shoes at Joes Barber shop on La Mesa Blvd, I was 14 years old and it was 1969. Never pass up an opportunity. You will get more opportunities if people see you are willing to work. Don’t be afraid of starting a business. You Learn you grow, you earn, you invest, you save. Good luck, it’s your life. Let nobody tell you that you can’t do something. Try and you will look back someday proud of the risks you took to gain financial freedom. Good Luck to All.

[@cduff4505]

Tomorrow is the day for a hard core stress test look at retirement plan with my finacial advisor to make the big decision. Right now the plan is to give notice mid July and retire Sept 6 (turn 55 this year). I’m terrified but excited and I’m ready to live life on my terms! I do love to work but plan to take 3 years off, re-prioritize my goals and health, tinker in my garden, focus on the creative side of my brain. Then either start a small side business / pick up a PT job and volunteer and after my mini retirement. Super excited to leave my high stress job behind and enjoy my life!

[@vdsilva6806]

You are only as young as your weakest organ. Retired at 62.5 and I’m leaving a good inheritance to my wife and kids. At a healthy age of 69, I’m attending Bible School and investing in eternal life.

[@philmarsh7723]

Fast food ain't cheap anymore. Rice and beans are, and are good for your health.

[@heidikamrath1951]

Love rice and beans!!

[@edennis8578]

Making a steak on the grill is cheaper than a fast food meal these days.

[@Otingocni]

Rice and beans are awful for you bunch of carbs contributing to diabetes and other metabolic disease.

[@mjulkunen]

Rice and beans diet will lead you to diabetes... loaded with carbohydrates.

[@JohnBowl14690]

The average american can skip the rice. It's too high on the glycemic index unless you are very active. Steak and beans for the win!!!

[@kristirichards2249]

My husband and i both retired at 62. I think we both wondered how we would stay busy and happy but its been much easier than we thought esp living on a farm. Retirement is amazing!

[@barbiec4312]

Guard and work on your health like it is your MAIN priority in life. Make a tiny change for the better every day.

[@martywilliard]

Amen

[@RobertMiller-ye9hm]

Am from Scotland and am 67 still working my dad’s cousin is 88 and still working part time he travels around on his push bike .

[@jameskelly7412]

I am looking to retire at 59.5. God willing, that will come to pass in three years.

[@joem.7621]

Me too!

[@lockedloaded4942]

That's my plan as well. I'm turning 56 next month. Good luck to you!

[@timhanna4700]

Ditto

[@rocketjb57]

I retired at age 50 and I don't regret it at all best wishes from Scotland.

[@br5380]

Scotland here too. Plan was for 55, but what happened in 2020? Didn’t want to give up work in a pandemic, but since then I’ve worked from home (saved a long daily commute) and as we live in the country have a very good, low stress life. Hopefully will be laid off later this year, happy to work a few more months. And health wise, just come back from 3 days bikepacking off-road across the Highlands 😀

[@Lulusvideos1]

I’m retiring next year at 62, I had originally planned to retire at 67, but I can’t go another five years in the corporate world. I have a couple of side hustles that I’m looking forward to. Plus I have a whole list of things I’ll be focusing on.

[@gregkloe]

I'm with you on getting out of the corporate world. I'm turning 65 in December and I'm out. Maybe sooner. I take things month by month now. I was also going to work until 67 but I'm ready now.

[@markt4605]

Turn 62 in about 20 months and calling it a day. Health Insurance will be a bear though.

[@JohnBowl14690]

Retiring at 62 and then doing side hustles? Ok, you'll be semi-retired then.

[@jessicaquinn9730]

I am also working in a big corporate. Tired of it. Endless performance review, 1:1 etc. This year they introduced an evaluation system which mandates 15% low performers. Feel disgusted seeing my hard-working coworkers fell into this. I am 65 years old. I had planned to work till 67. But I changed mind and will retire by the end of 2024. ​Enough is enough! @@gregkloe

[@diane.moore-]

I think the people that should be worried are those of us who are retiring with less than a million. I have only 650k in my Roth and I don't know how to grow it.

[@mariaguerrero08]

I was in this same position a couple years ago. I was always anxious. I decided to start working with a financial advisor, and I started making a lot of monthly dividends that my anxiety disappeared.

[@ThomasChai05]

Exactly my solution too, even though I'm not retired. As a contractor with limited time to analyze investments, I've relied on a fiduciary for the past seven years to manage my portfolio. This strategy has helped me navigate market fluctuations effectively and also increased my porfolio by up to 300%. You might consider a similar approach.

[@mikegarvey17]

@@ThomasChai05Could you possibly recommend a CFA you've consulted with?

[@ThomasChai05]

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

[@Grace.milburn]

Thank you for this. I'll send her an email to reach her, and I hope I'm able to reach her.

[@ItsEverythingElse]

Running out of money is a far bigger risk for most people than healthy life expectancy.

[@vinyl1Earthlink]

Most people, yes - but not all people. Of course you need more money to retire early, but if you have the money, go for it. I retired at age 61, but I knew I was set for life.

[@xlerb2286]

Yup, it's a balance between security and life expectancy. I just retired at 63. And to tell the truth work has been pretty easy the past few years anyway with a low stress job and lots of PTO hours. For me the lines crossed this spring. We'll see how good a job I did of guessing and estimating ;)

[@lewisdemoss4639]

You are absolutely right. Retirement before you are very confident financially would be stressful and unhealthy. And working doesn’t have to be looked at as losing out on life. Enjoy every day even while working. Attitude is the most important thing. I was in my highest earning period of my life at 65 and was able to save 50%. I’m so glad I worked 5 more years. Now I’m not stressed 😊

[@miketheyunggod2534]

Hahaha! Nope!

[@tcshy1903]

That's the way I see it too! I have seen retirees run out of money. That would be my worst nightmare.

[@russelp3770]

Retired at 35 in Australia. 1 year in and I don't regret anything. The hardest thing is explaining to friends and family that I don't need to work anymore and that no, they can not borrow money. Offering to take a look at their finances often ends that conversion quickly.

[@georgezahorcak7764]

I got “job eliminated” one month before my 60th birthday. Coming up on the tenth anniversary. How lucky I am! I go to the gym every morning to stay fit. Some days, I can’t believe how lucky I am.

[@milfordcivic6755]

When you're retired, there's all the time in the world to go to the gym.

[@donniesmith8779]

Well I am 66.10months, now, Getting ready to retire and still in pretty good health. I did quit smoking 14 years ago and exercise regularly since I quit. This has helped tremendously.

[@Michael-nx2sj]

Thanks for your transparency, Azul. Having a real talk is really important. And good on you and your spouse for working hard. ❤

[@elaineen1]

Great advice. We enjoyed 16 years of retirement. I retired at 58 my wife at 56. We traveled and took cruises. After 50 years of marriage she died and now I have cancer. Enjoy life, it may not last long.

[@Shanehinch]

I’m 45. I want to retire at 55. Thank you for the advice. I am an attorney and planning accordingly.

[@ken85225]

try to retire even earlier than 55👍👍 take care of your teeth and the general health and life can be wonderful.

[@clydeb7713]

Hate to dissolution you but if you have diabetes , rice and beans is VERY UNHEALTHY for you!

[@joseluisnewyork8832]

When HE calls you to his presence is your game over bro, say goodbye to your plans and retirement.

[@pat6601]

Yes, but you still need a plan. You don’t know how many years you’ll be given.

[@markkile8215]

As a CPA I believe most working folks shouldn’t retire until they reach their FRA, here are my main Financial reasons : 1. They are on Medicare by then and don’t have to purchase expensive health care insurance 2. Your SS will be greater for the rest of your life 3. Your spouse might be eligible to receive an increased Spousal benefit based on your higher FRA benefit 4. Your spouse would be eligible to receive your higher Survivor benefits should you pass early I personally am going to wait till at least age 70 to draw my SS benefits mainly so my lower earning spouse can receive my higher Survivor benefits These are just financial reasons and don’t address medical reasons, everyone’s situation is different

[@mjulkunen]

I worked as an accountant. Your CPA viewpoint is showing through. The goal in life is not to spend as much time as possible to accumulate the most wealth and assets as possible. I'm "glad" that I retired at 60. I wish I had planned better (and understood better) and retired at 50 or earlier. I believe a person should plan to retire as early as possible. Sacrifice a bit while working to save. Sacrifice a bit to retire early. My advice would be to be debt/mortgage free when you retire... age isn't a criteria.

[@martinleung212]

I stopped full time work at age 56, went into part-time and contract work for 5 years, commonly known as "transition to retirement". Full retirement at age 61, and now I'm 75, still reasonably healthy. If you can financially be independent at 55, that's a good age to retire.

[@mplate1792]

I don't have statistics, but anecdotally I've known plenty of healthy people aged 75 in the US. My father was absolutely robust at 75. The US has very likely the most diverse population in the world (Europe coming on strong in recent years). I think that some groups unfortunately have shorter lifespans/healthy lifespans. That lowers the average.

[@etcomehome39]

That’s my observation as well. Mom is 84 and Dad is 92. Still doing well.

[@CaesarDarias]

If you don’t smoke, drink, take drugs and you don’t get overweight, those numbers shoot up. The total cost of avoiding those four problems is $0.00. And if you’re active, you get bonus living years.

[@ItsEverythingElse]

That data is "from birth" (just like how mortality tables are "from birth" or from some specific age). If you're already 60, in the U.S., your number is 76, not 66. BIG difference. The data is available on WHO's web site. I can't post a link here. Shame on Jeff Knobb for not clarifying this. You should have caught this too. A lot of people are going to see "66" and freak out.

[@miketheyunggod2534]

God laughs.

[@johnkarapita437]

Yes, there a separate table for Healthy Life Expectancy at age 60

[@MrSteeDoo]

"HEALTHY life expectancy".

[@scottmartin6139]

He’s not talking to 60 year olds. He’s talking to younger people who have time to prepare for an early retirement if they choose that path. If you’re already 60 then your path is already set - for better or worse.

[@bruced.370]

60s then your life is about 83.Look it up. BLS

[@mjulkunen]

retired at 60... as soon as i was eligible. didn't think i was ready financially. found that it was quite easy to give up eating at restaurants, buying new things, and travel so that I could do the things I really enjoy - family time, golf, pickleball. I'm healthier and much happier than when I was working. Take a stress free part time job to make any extra money you might need. I did some planning - I'm debt free and no mortgage... get that done ASAP and it makes your decision to retire much easier.

[@william-fla-321]

Today a coworker of mine passed away in his sleep, at 58. He was going to retire at 60, but he didn’t make it. Another coworkers father 58, passed away two weeks ago after getting a physical from his doctor and was driving home, he didn’t make it. I’m seeing to many people dying before 60 lately. Maybe it’s the clot shot.

[@penelope5500]

Doubt it. There have always been people who have inexplicably passed suddenly...it's always a shock but it happens.

[@woodrmp1]

@@penelope5500I think if we take obesity as “explicable” then it explains 75% of these Americans dying young…

[@g99se9]

Should have retired at 45.

[@barbiec4312]

Shots don’t clot…

[@rickm8456]

Cot shot? Vax you mean? No.People died early before. Enough with the conspiracy BS.

[@kakigr3289]

I think we should concentrate on having a longer healthy life expectancy as well. Stay active, eat right, get plenty of sleep, socialize..enjoy life. My parents were in their late 70's when they started slowing down because of health... I am 65 now and hope to have my health even longer then they did.

[@targadave]

Pretty much goes hand in hand with the ongoing obesity epidemic here in the US. The great news is that you have full control over your health (minus the very few stuck with unlucky genes). It’s a shame so few older Americans act on it. But they won’t hesitate to brag how their $200k quad bypass surgery barely cost anything with their Medicare Part G😂. It’s not about retiring sooner, it’s about staying healthy longer!

[@CTINF]

People blame genetics because they have similar health issues than they parents and reality is that they continued with the same sedentary and eating habits so they “inherited “ those health issues.

[@antilaw9911]

My dad sometimes whine and snivel about not enough social security to live on. Then had heart attack at about almost 61. Decided to retire at 62. Died in sleep at 63. #1 rule people need to realize... your not going to live as long as you think.

[@jrm2383]

Retiring before your financially secure is a big gamble. I’m watching a family member live on ss only. It’s not pretty. I’m working to 66 and hopefully waiting to 67 or 68 to tap ss.

[@guitarhillbilly1482]

SS was never meant to be a Primary Retirement but a Supplement. If possible I would draw your SS at SSNRA instead of waiting.Right now that is 67 years old for people born 1960 and later.

[@milfordcivic6755]

Financial insolvency is only 1 hospital visit away for most people.

[@mjulkunen]

Financially secure? Most people don't really understand what that means. Unless a person knows the future, they can't be financially secure. If you can be debt/mortgage free, it doesn't take a lot of money to be retired. I can live on less than I have or earn... that's enough security for me in retirement. I try to have some for the unexpected... but there are some situations that could happen that I couldn't afford. In that case, I have to change my lifestyle again, and maybe even go back to work. In the meantime, I'll enjoy life and not worry much about what could happen but would be very unlikely to happen.

[@jrm2383]

Ss isn’t meant to be the sole retirement source, but for many who don’t plan, it is. Retiring early before Medicare kicks in, or before you’ve saved enough to handle an emergency is risky. Financially secure is being able to live the life you had while working, and living comfortably. I could get hit by a bus tomorrow, doesn’t mean I didn’t retire well.

[@knowthyself690]

Thank You for this vid. I am 53 and have fully retired since 41. I planned to be retired at 40, when I was 14, and saw the Army as a way to be retired early. It was way more to being retired but I worked out for me, as most Soldier do not do the necessary financial work to retire after 20 yrs and an Army Pension. You say, what possessed a 14 to be figuring out his retirement age? Glad you ask :_). It was the fact that, I saw my Beloved Grandmother retire without anything and the effect it had on her was enough to make me think seriously about it.

[@mocheen4837]

Work for the government and you can easily retire at age 50-55 with a pension paying 80% of your salary for the rest of your life. Many of my friends retired at 50. Unfortunately, I am not one of the.

[@johnjonesii2528]

That system was stopped in 1984. You had to put 42 years to get the 80% and were not eligible for social security. Now, once you work 30 years (or 20 years and age 60), you receive 1% for each year you work or 1.1% if you wait until 62 years of age with 5 years of service. Thirty years is 30% of your high 3 and rest comes from 401k and social security. Federal law enforcement and air traffic controllers can retire at 50, but earliest any born 1970 or after can retire is 57, even if they have the 30 years.

[@mjulkunen]

I worked for the government for 25 years. My pension is 25 percent of the average of my highest 3 years salary. Believe me, I would have made a lot more money working outside of government. With a little bit of discipline, I could have easily saved more than a 25 percent pension in a non government job. Yes, a pension is a good perk at the end of the road... but you pay for it all along the way.

[@englishwithmiranda]

I'm 51 and consider myself semi-retired. I work 2-3 days per week and always take summers off. It's enough hours to still pay into social and health insurance as a self-employed teacher.

[@geoffmcarthy7314]

53 now . 18 months to retirement !

[@tfpjr]

Just retired in December 2023...spouse filed for a legal separation in May 2024! How's that for no house and no spouse 😢

[@ubemememe]

This hits close to home. I'm 62 going on 63 and in the "do I have enough money" bucket.

[@gimcrack555]

I'm retiring at age 67, if health is good up to than. Will rate my health from 62 and upward. Will get medicare going at age 65. Even at retirement, I'm still going to hustle for a buck. Been hustling for a buck since the age of 13. Buying and selling is my biggest gig as a flea market seller. And I also can build and repair PC's. Beside my current job as a caregiver, which I'll retired from. So my bucket will still get filled up, even after retirement. Can't do nothing, that just isn't me. I still have plenty of time for RR, when ever I need it. I'm 60 right now.

[@kmilton1593]

At 76 I still work full time as a small farmer; hope to retire by 80; not healthy for ten years; you just do your best to keep going, but slower and slower.