The BEST Retirement Advice Ever From Retirees

[@aniniels-hw5iv]

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life

[@BEAUTIFULDIANAFRANCIS]

New subscriber and I am sharing my story. My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages. Just got a Mercedes SUV as my 3rd car. I started saving after marriage only after marriage but will all this be enough to retire?

[@ConradsViveiroses]

To achieve a secure retirement, aiming to save at least 15% of your income in a 401(k) is advisable. Online tools can assist in calculating the best savings strategy for you, considering factors like age and income. Consistently saving this percentage can help build your retirement fund effectively, thanks to the benefits of compound interest.

[@EdwardsBains]

Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.

[@MontoyasJacksons]

That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?

[@EdwardsBains]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *MONICA AYAKO VOS* for about five years now, and her performance has been consistently impressive.

[@MontoyasJacksons]

Thanks for sharing, 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 e-mail shortly.

[@teams3345]

I have always heard the two things that most people say they wished they had done better before retirement. 1) take better care of their teeth and 2) saved more in their 401K.

[@spankymcduff9683]

9 years plus retired Albertan...1) have everything paid off 2) have savings/ investments/budget 3) have hobbies to keep you mentally/physically active 4) have friends/social contacts/family is important 5) eat properly, get a good nights sleep and be active..look after your health..you will get to a point were it is all about maintenance...

[@mrbill2600]

Excellent advice. I retired in 2004 and my lifestyle is as stated above. And if need be, I could live on my SSI check.

[@Olga_StPierre]

Awesome! Love seeing you truly enjoying your golden years!

[@7SideWays]

This sounds really busy to me as a really early retiree but I really appreciate your perspective and tips!

[@julieg.5718]

Tip: as a lifelong learner, I look forward to retiring in 18 months and taking free classes at our local university, perhaps even learning new skill at our technical college. In Georgia, citizens have a benefit called “62-plus” which allows you to take any class(es) for free so long as there is space available. Can’t wait to take history and economics classes, two of my passion areas

[@brilwiljeff]

I planned for years what activities I would do in retirement. After 5 years I didn't do any of that stuff. I've been working again for a year now

[@mrbill2600]

The first thing to do after retirement is to downsize. Get rid of all the crap that you've collected and downsize everything. One possible exception is your hobbies.

[@Olga_StPierre]

Sound advice! Thank you.

[@EightBallAnswers1]

Cheaper to add an elevator on stairs than move to another home in many cases. Lady who moved out of my place (1800sq ft 2 storey) paid $160k more to buy a one floor, 1500 sq ft condo across the block. Single storey are in high boomer demand! Perfect size from most retirees is two / two plus den or 2/2.5 plus a den or common area in middle. Golden girl setup.

[@FIRED13]

Social media is like prescriptions (but without a doctor monitoring your use), consume too much or incorrectly will overdose and poison you. Yep, you do you, don't compare... Comparing is the killer of joy

[@huy3967]

A good video on retirement. Thank you for sharing it. (from California)

[@Olga_StPierre]

My pleasure! Thanks!

[@jo-annmacneill6454]

i live in Massachusetts it’s the health ins that keeps people working plus if i leave i lose my life insurance. i am 58. single with 2 kids let’s see what the next 4 years bring weather to retire At 62 or keep working

[@Hitman_0011]

I don’t want to retire from work to start to work again.

[@stevennovakovich2525]

retire --> find out it won't work --> unretire (not for me either)...only thing is, health determines if one can work or not. Luckily my current job provides 100% healthcare coverage (union). I will only consider retirement at 65 plus, when Medicare eligibility kicks in.

[@RhondaLawson014]

Regardless of whether you're a Wise person, it's best to consult a professional advisor right away. As a business owner in the service industry as well as an ebay reseller of all product categories, I can attest to the fact that we are in a severe recession and that everyone is running out of money

[@EricMoore158]

Starting early is simply the best way of getting ahead to build wealth, investing remains a priority. I leant from my last year's experience, I'm able to build a suitable life because I invested early ahead this time

[@Queenbrenda989]

That's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it

[@royharper2003]

really/ you've talked to everyone and know that for a fact?

[@shirelylinero]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@vickylarue]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@kevinvictor-s2w]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@doran-f6w]

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@kevinvictor-s2w]

Angela Lynn Schilling 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.

[@doran-f6w]

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.

[@ylee1737]

I disagree on having a new own business since you will have most of your abilities already degraded form that time. Less risk, less stress and more liberties.

[@kimoraarden1983]

"Promosm" 🌺