The Truth About Early Retirement: What they don't tell you!

[@johnfortes2171]

I'm 73- retired at 58 and started collecting ss at 62. I down sized my home and every thing I own is paid for. I pay my credit card in full every month . I DON'T regret it for one second . A little planning and budgeting is all it takes.

[@phmiii]

My biggest fear about retirement was the Money! I waited until I was 62 1/2 when I retired. If I could go back in time, I would retire in my mid-fifties!

[@enriquejaimes3368]

If everything goes well this year, I am retiring at 41. So many doubts and fears but also a lot of excitement.

[@CJLinOHIO]

At 62 I took my Social security and I retired. Sold my business. Took my little savings and with some odd jobs here and there I am enjoying my life so much more. Less stress, and as this video States more time to take care of myself. And loving retirement. 🥳💕

[@RetirementTransformed]

It sounds like you have a good thing going. Taking care of yourself is so important. Not only to extend your life, but live it healthier And more active

[@johnd4348]

Thinks for motivating me to the possibilities of what to do after retiring.

[@dushyantpurohit480]

Your channel is great and brings out one of the most critical issues of retirement. Hardly anyone is addressing this. Would love it if you could throw up some suggested options too

[@RetirementTransformed]

Thank you. What kind of options do you mean?

[@dushyantpurohit480]

@@RetirementTransformed options for finding one’s calling in retirement …could you give some examples of what people have done which can be used as a guide.

[@water4722]

Loved the show like the wife hubby combo. We just retired at 50 51, just now looking for something to do with all our time. Thanks for making content.

[@RetirementTransformed]

Thank you for this comment. We are enjoying creating new content each week. If there is something you specifically want us to talk about let us know.

[@speedracer2336]

I have retired 3 times, just can’t do it, working part time now, enjoying life!

[@RetirementTransformed]

This is great Speedracer! We know many people who just cant sit still without some effort of working. Its a great way to stay engaged and also have some money coming in.

[@njeps584]

Thank you for the advice. I am 53, seriously considering retiring within the next two years .

[@RetirementTransformed]

You can do it! We appreciate you being here

[@richardsiviter4180]

I also retired at 53 years old. I have been retired for 32 years and people ask me what do I do, anything I want to do.

[@matt75hooper]

Were you a lifelong govt hack ?

[@christopheripad477]

I’m in the UK and retired at 48. Worked hard, built up a business from zero and sold it off.

[@paulwade4322]

This is crazy, your NOT retired! You are doing a utube channel and selling stuff etc.

[@RetirementTransformed]

In a way you are right. In fact we want to eliminate the word “retirement” altogether. Not sure of a new word but this phase of life can and maybe should include some form of work even is it’s volunteering. This channel is as much for us as it is for you and we appreciate you being here and everyone’s perspective on all the topics we discuss.

[@BonzerWolf]

I retired at age 54 with 30 years federal service. I was fortunate enough to be under CSRS (not FERS). I also paid max into TSP. I am fortunate to still be eligible for FEHB health insurance, as is my wife. She took “early retirement” at age 50 with 21 years federal service under FERS. She now works part time as an attorney. If you are financially secure, I highly recommend early retirement. I encourage young people to pay maximum amount into their 401K and IRA. I’m worried that most young folks are not preparing (financially) to retire early.

[@matt75hooper]

Lifelong Govt Hack. Enjoy the early retirement we taxpayers provided for you. 30 years overpaid & under worked then retire early. What a great country !

[@BonzerWolf]

@@matt75hooper I pay taxes too. And I worked in law enforcement for 32 years to protect cry babies like you. I’m enjoying my retirement because I planned ahead, worked hard and invested money. Sorry, you didn’t. But that’s on you. Choose better next time around.

[@Iron2011rob]

Smart people plan. 👍

[@FIRED13]

TY for sharing

[@evolutionaryTom]

Great video. Lots of takeaways in this one!

[@RetirementTransformed]

Glad it was helpful! I love all the videos you are doing down on Marco Island letting everyone know what the island looks like now.

[@jo-annmacneill6454]

It’s the health insurance a lot of people are working for before the age of 67

[@RetirementTransformed]

Health insurance is definitely an issue in retirement.

[@glennet9613]

After we retired, eighteen years ago we took our own bikes to Europe for a few weeks every year and toured a different country each time, Denmark, Holland, Italy, Austria, France, Switzerland. Eventually we decided to move here permanently, sold our house and now live in Switzerland. This morning we went for a great bike ride in the mountains followed by an excellent lunch in a restaurant in a little village, all local produce. So as a very happy 77 year old eighteen years into retirement I can vouch for your advice.

[@RetirementTransformed]

This is such a fabulous story Glen Net. Very inspirational and there is a small part of me that would love to do this. But we have six children and deep connections to where we live so it would be hard right now. But not to say down the road we could at least spend a month or two in Europe. Thank you for sharing. Mark and Jody

[@insandoutsofsellingabusiness]

This is great advice. At our M&A firm one of the biggest reasons people are afraid to sell their businesses is fear of retirement and what that life will look like. Retiring to something and allowing yourself to retire when you can really enjoy all your hard work is really important!

[@RetirementTransformed]

Thank you Keith. We used an M&A firm when we sold our business and like you, they provided valuably advice to ease our fear of letting go.

[@edwardyudkoff7137]

We have over million dollars and own our place. Not quite 60 yet. Primary concern is health insurance. What do you suggest?

[@RetirementTransformed]

Hi, we do not handle any financial or insurance related products or services. But I'm sure you can find someone locally to help you with this.

[@johnd4348]

If you can be poor on paper you can sign up for ACA (Obama Care) and get huge subsides. Some people are paying next to nothing for health insurance.

[@SammifromMiami]

@@johnd4348 indeed. Unfortunately that ain’t us.

[@lichin11]

I retired threee years ago at age 53, my wife retired two years ago at age 55. We are very happy with our retirement decisions (it helps that we both have very healthy pensions and medical insurance paid for 100% until we reach age 65).

[@RetirementTransformed]

That’s fantastic and yes you are both fortunate for the health insurance and pensions. Tell us some of the things you are doing in your retirement to remain active physically and mentally.

[@lichin11]

​@@RetirementTransformed Thank you. Our current life is very simple. We work out at our local gym three days a week while working out the other four days at our home gym (weights, treadmill, stationary bike, etc.). We also have two young adults that keep us busy with things they need help with. We travel when we can but that is rather limited until our younger child graduates from college. Car work (three vehicles) and home repairs take up the remainder of our time. Who knew that retirement is a full-time job? 😁

[@matt75hooper]

Govt Hacks? If only everyone could be a hack.

[@WisdomToAll]

retire means no more jobs -thats all . google the definition ..leave one's job and cease to work, typically on reaching the normal age for leaving service. "he retired from the Navy in 1986"... please dont change the definition .

[@hudvalboy]

So....... get healthy so you can retire early and not worry about health insurance?

[@RetirementTransformed]

Health insurance is certainly something to make sure you have in place. There are plenty of advisors out there that should be able to help you with that. I know it can be costly and hard to get in some circumstances. And yes getting and staying healthy is important too.

[@matt75hooper]

You two are addicted to humble bragging. You must clear out every room you enter. Obnoxious.

[@mt8149]

She keeps interrupting him and repeating what he already said. I would assume he is seriously considering going back to work just to get out of the house.

[@bluemoose1972]

Shinny face. House of wax 😀

[@yvonneachieng6742]

Are you jealous?

[@bookmark692]

I have no retirement fund after numnuts Brandon.

[@sarahann530]

You should not rely on the govt for your retirement

[@curtisrandolph1887]

The governments deficit spending is causing runaway inflation. Stealing the value of our retirement savings.@@sarahann530

[@jimmybob7028]

The 2022 financial crash, record inflation, gas prices, etc. have all completely ruined many's retirement plans. How did you handle this?? Unless your money is buried in the back yard, these recent issues have hit you hard.

[@RetirementTransformed]

Hi Jimmy Bob. Yes this financial downturn affects us all. We have always had a great financial planner so we have been able to weather this storm as well as past storms.

[@SammifromMiami]

@@RetirementTransformed what dies your financial planner do for you? Does he actually handle your money, or just charge your taxes for advice on what you should do? How much does he charge?

[@thiaco6203]

I believe They were also in the insurance business. One always has customers in insurance and the book of business is phenomenal. Those in pension entities are also in decent financial shape as long as their programs are protected. Some of their ideas may or may not be relevant to those who are not as wealthy…boutique physicians comes to mind. You just have to do what’s right for your finances.