What I Wish I Knew Before I Retired (5 Regrets and How to AVOID them)

[@SLee-vj4px]

it was a very pleasant surprise that such a young guy really knows what he is talking about!! great info!! I am near retirement age and have thought about it a lots, and I totally agree with the 5 things in the video. regarding financial planning/investment strategy, like anything else, has to have a plan B in case things are going different directions.

[@earlyretirementari]

I appreciate your kind words. I hope this channel helps you understand how you can best create your secure retirement!

[@85rockhound]

I am a young 68 year old semi-retired CRNA. I was able to go part-time at the hospital I work at, 1 week on, 1 week off. If a person can go part-time, that is a great way to practice retirement. I'm glad I just didn't completely retire. Good content. Thanks.

[@earlyretirementari]

Thank you for sharing. Practicing retirement is so often overlooked and I’m pleased to hear it was helpful when transitioning into retirement! I appreciate the work you do - you’re the real hero of society! I hope others can take guidance from your comment. Part-time work can not only allow for a wonderful transition, but also financially a much larger impact than most realize.

[@elizabethjones5607]

Ari talks to you like you are a human being and not just a potential client. I find that he has a perspective that is both reinsuring but insightful. He definitely has me thinking about my retirement in different ways and more pro-actively. Thanks Ari!

[@earlyretirementari]

Thank you, Elizabeth!

[@noahstewart-solutionconsul6357]

Nothing beats a roadmap! Emphasizing financial pillars and not specific trades/investments has not only saved me time but has brought me peace of mind. Keep the content coming Ari!

[@earlyretirementari]

Thanks, Noah. I’m pleased to hear that and will certainly keep it coming!

[@ronaldlicari7441]

I retire in 6 months at 62. Still not sure what I want to do. Thanks for the ideas

[@earlyretirementari]

Congratulations on your upcoming retirement, Ronald. I’ll be making another video on the activities my retired clients enjoy most and hope that can assist you with a few ideas. Have a great weekend.

[@lmlm-ph4pp]

@@earlyretirementari I look forward to the video!

[@earlyretirementari]

@@lmlm-ph4pp that video will be released in a few weeks!

[@lmlm-ph4pp]

@@earlyretirementari 🙂

[@earlyretirementari]

@@lmlm-ph4pp hope you’re having a lovely weekend! I have a podcast episode titled “most fulfilling activities in retirement” you can checkout in the meantime 😃

[@davehope9144]

Some say retirement is like having a baby. You can never be sure what you’re getting into but you figure it out as you go.

[@earlyretirementari]

Well said, Dave. Like having a baby but with a little more sleep…or should I say a lot more!

[@davidfolts5893]

Minimize your maximal regret.Thanks Ari.Great content!

[@earlyretirementari]

Precisely. Thank you, David!

[@abbeymielnicki227]

thank u ari!!! love all of these videos, as an advisor myself this is so well thought out

[@earlyretirementari]

Thank you Abbey!

[@legiontheatregroup]

great video, thank you

[@earlyretirementari]

Thank you, Roderick!

[@collegesoccerguy]

Great dude. Wow so freaking good

[@AKim-uu4hg]

Are you his brother?

[@earlyretirementari]

Thanks!

[@sarge420]

I started planning at 40 and retired at 57. Became depressed for 2yrs and gained 65lbs. Took 15mos to regain myself and stay away from civilians when possible. I have 3 pensions and double health covered

[@earlyretirementari]

I appreciate you sharing this and I’m confident those who view this do as well. Money is certainly important, but your health is more important. Glad you regained yourself. What helped you get back on track if you don’t mind sharing?

[@MWS1960]

My philosophy has always been living the journey. I know people that saved every penny and some that died at an early age and never lived life. I’m car crazy..probably too crazy, but I’ve enjoyed the ride. I’m 62 and retiring in two months with a 401k, pension and 80 percent equity in my home (800k). I have enough money monthly to not change my life style, but I am paying off any debt for that extra cushion. My main point is I’ve lived the journey throughout my life with no regrets ! Three children that In their early twenties and good citizens with good jobs.

[@earlyretirementari]

You bring up an important point so often overlooked. I hope more people can live their life like you, Michael! I appreciate you sharing for others to understand. Nothing wrong with being car crazy (by the way, what’s your favorite car you’ve owned)? I apologize if you don’t have a favorite and I’m making you pick…ha!

[@MWS1960]

@@earlyretirementari Tesla(Wife). Porsche 911 (2014 naturally aspirated)👍

[@earlyretirementari]

@@MWS1960 Love it, not easy to find nowadays!

[@fdamdrmt]

Thank you are for your informative video. I hope you can advise me personally

[@earlyretirementari]

You’re welcome! You can apply to work with me here: form.jotform.com/221665418679165

[@surfsidemalibu007]

My fellow neighbor, amazing job !!!! So inspired by you. Go Ari!!!!

[@earlyretirementari]

Thank you!!

[@haydenkessenich6485]

Great advice and great video!

[@earlyretirementari]

Thank you!

[@bridgetgraves2658]

I very much appreciate your advice. FYI, you have a type-o on your slide of bullet points. You said "prize" and your slide says "price". My regret is that I didn't know you sooner.

[@earlyretirementari]

Thank you for letting me know and I appreciate YOU!

[@cameronsilbar5088]

Love it!

[@earlyretirementari]

Thank you!

[@peterlloyd6337]

I am currently considering retiring at 62.5 rather than 65 years of age. I have worked since 16 years of age. Whether I partially retire or fully retire....I am doing allot of homework around the financial and emotional impacts of the decision. Don't underestimate the emotional aspect - it's a big mindset shift retiring...I failed to think about it before now regards the emotional side...something I realise now I should have thought about several years ago rather than thinking 'Retirement - oh that's a long way off'

[@earlyretirementari]

Peter, this is a wonderful comment. I speak with clients daily and the emotional aspect is often overlooked. You've been working since age 16 and it's not as if there's a light switch you can "turn off" and now be a great spender in retirement. If it's helpful, thinking about "practicing" retirement today can be powerful.

[@peterlloyd6337]

@@earlyretirementari Ari, thank you....indeed practicing retirement - indeed currently I worked my notice in my most recent job and left on 30th June 2022 as I became very unhappy under a corporate restructure from January 2022. Now, I have 5 months to end of November this year deciding - find another full-time role or part-time role or start on my pension flexible drawdown fully - commencing January 2023. So in effect I am now practising retirement by default so to speak in this intervening period of time. Really thinking through how I feel etc.

[@earlyretirementari]

@@peterlloyd6337 Hi Peter, thank you for sharing. I believe this video would be most helpful to you (the best video on mindset shifts in retirement): kzbin.info/www/bejne/o4uyaJmer7Z8hKM

[@ironcap2050]

I have a question, can you go over the 5yrs just prior to retirement. Ive heard several interations one of which mention to stop adding to your retirement during the last 5 yrs to increase your social security (and unfortunately medicare costs). Tks

[@earlyretirementari]

Yes I’ll do the 5 years prior. In the meantime check out this video: kzbin.info/www/bejne/f2S3p3eootyXo68

[@johngill2853]

I'm currently 100% but last year I was 60/40. But it's not because of market conditions it's because my relationship status has changed. I know longer have the responsibilities (she had a kid from past relationship)and my portfolio is large enough where I can take that risk. I decided to change to 100% stocks when the market was down 23%. I gave up on the relationship coming back and it seemed like a good opportunity with very little downside risk. At retirement probably 70% stocks

[@earlyretirementari]

That's interesting, John!

[@lmlm-ph4pp]

My daughter will go into 6th grade in the fall. We are paying into MET monthly. Hopefully this helps with #5.

[@earlyretirementari]

You’re ahead of the game!

[@johngill2853]

When I figure costs, I always figure high and then also adjust for inflation

[@earlyretirementari]

Well said. Always better to be conservative.

[@luisahernandezmunoz8332]

Hi would you please do a video for someone who is a dividend investor and plan to live only from dividend income in retirement? Which accounts have either the least impact in taxes in dividends May be a Brokerage account, or a Roth IRA o perhaps a 401k Roth

[@earlyretirementari]

Yes! In the meantime, dividends an interest aren’t owed on retirement accounts as they come in, best to keep in tax advantaged accounts as opposed to brokerage.

[@luisahernandezmunoz8332]

@@earlyretirementari oh so you recommend as far as you say only in Roth IRA but not in brokerage accounts . The reason I ask is because I have 2 brokerage accounts with dividend paying stocks and I though it will be a good idea to have these investments there too.

[@earlyretirementari]

@@luisahernandezmunoz8332 ROTH IRA best account for long term growth and no dividends are taxed in the account. Brokerage accounts are great to retire early, but dividends and interest are taxable. Ideally the Roth IRA isn’t used until after other accounts are fully used and you can live off dividends and interest from brokerage. The tax impact is generally more beneficial than putting in your Roth and minimizing growth potential.

[@luisahernandezmunoz8332]

@@earlyretirementari amazing advice thanks so much for everything God Bless You

[@gailmiller7035]

I just retired. I wish I had known more about the expense that Medicare an impose on a person. My monthly Medicard plan is almost $1000 per month because of an unusual high income 2 years ago. My new annual icome is $43K per year. I can't even affor my rent because of the costod Medicare.

[@earlyretirementari]

Hi Gail, I’m sorry to hear that and this is a large reason to do important tax planning!

[@Bare_Essence]

Eye on the Price? Check your video slide in :) Or was that to catch people who your material.

[@earlyretirementari]

Sorry about the typo!

[@Retired-jr3qs]

I am retired and do 70/30 stocks to bonds.

[@earlyretirementari]

Do you plan on keeping this allocation throughout retirement?

[@Retired-jr3qs]

@@earlyretirementari Yes. I am single with no kids. I think 60/40 is too conservative.

[@earlyretirementari]

@@Retired-jr3qs I agree with you. There’s nothing “magical” in my opinion about 60/40 or any allocation - the question is what’s right or you based on your individual situation.

[@rokyericksonroks]

@@Retired-jr3qs Bonds just suck and that alters what a 60/40 used to bring to the table.

[@garrett7101]

No, and I don’t have any regrets.

[@earlyretirementari]

That’s great!

[@shoobidyboop8634]

I plan to walk the earth, meet people...get into adventures. Like Kane in Kung Fu.

[@earlyretirementari]

Sounds like a good plan to me!

[@patrickvega4893]

So basically, you’re gonna be a bum

[@shoobidyboop8634]

@@patrickvega4893 Finally, someone got it. Nice.

[@rokyericksonroks]

@@shoobidyboop8634 Remember, grasshopper, to minimize RMDs. ( shimmering gong strike )

[@haroldcarlson7668]

Regret # 1, do not collect Social Security until you are 70.

[@earlyretirementari]

Hi Harold, it can certainly make sense in many cases to delay until you receive the maximum benefit (unless life expectancy is extreme low)! Did you wait until 70?

[@bfdee1603]

Where did u copy your thoughts from? Geez, youre talking broad points. Not really helpful points. Do more research pls

[@earlyretirementari]

That’s helpful. Thanks for your feedback.