Why Are People Retiring Early? Is age 62 really considered early retirement?

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Dolphin Financial Group

Dolphin Financial Group

Күн бұрын

Пікірлер: 156
@waterbug1135
@waterbug1135 Ай бұрын
I had no plan to retire. Took a break between jobs and found my money lasted and I liked the freedom. 22 years later I'm surprised I never went back to work.
@BurritoSupreme42
@BurritoSupreme42 Ай бұрын
Love this
@johnbruenn8755
@johnbruenn8755 Ай бұрын
Your life is worth so much more than the paycheck!
@nevrock1
@nevrock1 Ай бұрын
I’m retiring in February 2025. I’m driving from Tampa to ND then NE. My last 2 states!
@lynetteledoux2845
@lynetteledoux2845 Ай бұрын
How have you spent your time, etc?
@user-bs1lj3kv7h
@user-bs1lj3kv7h Ай бұрын
I retire in 8 days at 55 from a terribly stressful $300k / yr job. No windfall or buy out here, just good financial steps over the years. Financial independence can work for anyone. Super excited for the next chapter! Don’t wait if you can retire now!
@heidikamrath1951
@heidikamrath1951 Ай бұрын
Congrats!
@paliacho9
@paliacho9 12 күн бұрын
Just ballpark but how much have you saved to retire this early?
@user-bs1lj3kv7h
@user-bs1lj3kv7h 11 күн бұрын
@@paliacho9I would say the number is different for everyone and should reflect a person’s goals for retirement. It is more about meeting expenses for a given lifestyle rather than some magic number. There are plenty of videos out there to show examples of “retirement on 1.0m or retirement on 5.0m”. I can’t help you with a precise $ because of this but wish you the best in your journey to whatever $$ makes sense for you!
@pensacola321
@pensacola321 Ай бұрын
Most US employers treat their staff rather poorly. If you can afford to get out, why would you want to keep working for them? But make sure you can afford it.
@bluegillmich
@bluegillmich Ай бұрын
Yes, even with the cadillac of union job ( kidding )..insurance sucks, and our annual raises amount to 2% per year( and that isn't beating inflation)
@fvvfvbbbb
@fvvfvbbbb Ай бұрын
Agreed ... my job was OK but then they gave me some crappy tasks that I did not want to do. I expressed that to my supervisor who said well sometimes you got to do things you don't want to, to make the big bucks.....big bucks? Where? That was a great incentive to plan to get out ASAP. They were surprised when I emailed them my two week notice last year. I made more this year in investments than when I was working. Love it.....doing nothing is way better than working for the Man...😊
@waterbug1135
@waterbug1135 Ай бұрын
I "retired' 22 years ago at 45. I was a software engineer creating consumer apps. I loved it. I continued to create software with the only difference being not for a salary. When I worked the apps I invented had to have a huge profit potential to support investors and overhead. After "retirement" the kinds of apps I could create were 1000's of times more diverse because there was a $0 profit requirement. I also got into gardening and building fish ponds for other people once my yard was full of fish ponds. I didn't need a profit, did the "work" for fun. So I could charge 70% less than for profit pond builders. That enabled me to pick my "customers" who let me build the pond I liked. Got into remodeling my house. When done I wanted another fixer so I sold for a profit ($250k tax free) and bought another fixer. "Retirement" is no longer a good term for what people are doing. FIRE isn't really good either because I wasn't actually financially independent. My hobbies did bring in money that I did need to stay retired. What changed was my personal economic model.
@scottmcdonald359
@scottmcdonald359 Ай бұрын
My dad retired from corporate America as a salary maintenance supervisor at Eli Lilly Company when he turned 51 years old in 1993. He and my Mom are in their 80's and have been married for more than 60's years. They both have pensions. He never went back to work and he's really enjoyed his retirement.
@johnd4348
@johnd4348 Ай бұрын
I'm glad to hear that for your dad. Mine retired at 62 and died 3 years later. Never enjoyed his retirement.
@havenpersonalcare7968
@havenpersonalcare7968 Ай бұрын
I retired @ the ripe age of 43 after 25 years of military service; 46 now and relocated outside U.S with my family; greatest thing ever: not a lot of savings; but with retirement and properties for passive income makes the perfect storm; thank God!
@sandrarobinson4448
@sandrarobinson4448 Ай бұрын
I retired at 57 and have not looked back. This year, I traveled to Thailand, St. Maarten, Greece and Columbia. Amsterdam and Costa Rica are on the list for 2025.
@nevrock1
@nevrock1 Ай бұрын
I’ll be 57 on my retirement date too - February 19, 2025. I can’t wait.
@jjdelamo6246
@jjdelamo6246 8 күн бұрын
I retired at 58 last yr in the Philippines. I am living off on 3 Florida rental properties' income. you can live like a king on$3,000/mo income in the Philippines. At age 62 I will collect $2500/mo from SS.
@rst90274
@rst90274 4 күн бұрын
Retired at 67 1/2, took social security at 70, will start RMD's in a year. Was planning on working to 70 but had health problems. My department closed a year after I left so I would have likely been out of work anyway.
@robertneville2022
@robertneville2022 Ай бұрын
Sick of verbal abuse and mind games from employers plus lieing back stabbing coworkers could have just a little something to do with people wiseing up Plus we've been in the work force full time from 17 till 63 If your house and car are paid for and you are debt free you can live quite comfortably on social security retirement alone at least that is my case
@johnd4348
@johnd4348 Ай бұрын
Same situation. Got tired of the BS and coworkers. poor management. Retired at 61. Not looking back. A bad day in retirement is better than a good day at work
@DonaldMark-ne7se
@DonaldMark-ne7se Ай бұрын
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
@kevinmarten
@kevinmarten Ай бұрын
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
@JacquelinePerrira
@JacquelinePerrira Ай бұрын
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
@SergioHernandez-ft9uv
@SergioHernandez-ft9uv Ай бұрын
62 for me stay healthy money can't buy time enjoy life
@waterbug1135
@waterbug1135 Ай бұрын
Look at dating sites for people 50+. Nearly 100% of women write they want to travel. Not many men say the want to travel. More men say they like fishing. This has become a bit of a mess as many women complain "all men want to fish" and men complain "all women want to travel". When women say they want to travel many mean they want a guy to pay for their vacations. When men say the want to travel they mean to countries with lots of young women who want to date them. "Travel" has completely different meanings for many men and women.
@MikeS-7
@MikeS-7 Ай бұрын
I think you are mostly right. In both cases, women travelling and men travelling to date younger women, you will find that the only thing between women and what they truly desire, is you. That young beautiful lady in the Philippines or Vietnam is repulsed by YOU as much as the 50+year old woman, what makes you tolerable is the need to exploit you for resources. They are both financial predators.
@Kimonha
@Kimonha Ай бұрын
Omg. So true. I’m a man who loves to travel to Asia for the women. Too funny
@timp2663
@timp2663 Ай бұрын
Im 62. Wanted to work till 67. Got tired of coworkers not willing to help do extra and verbally saying EVERY day they were just going to do the minimum work to get by. And a boss who wasnt willing to anything about it. So I said adios last August.
@johnd4348
@johnd4348 Ай бұрын
Same here. Retired 6 months ago. Tired of the games
@toddhurd6491
@toddhurd6491 Ай бұрын
I retired at 49 and have loved every day of it. I’m now 56!!
@toniejones425
@toniejones425 Ай бұрын
I'm retiring @62, May of 2025. I started traveling @ 30..I'm glad I did..my health is failing, that's the main reason I started early before authritis set in.
@diadora9292
@diadora9292 28 күн бұрын
Sept 2025 for me. Exactly the same reason…I am so ready…good luck👍
@austinbar266
@austinbar266 Ай бұрын
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
@jcurdrayeric243
@jcurdrayeric243 Ай бұрын
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I has spent same number of years in the civil service, she is investing through a wealth manager and myself through the 401k. We both still earning towards having our retirement.
@rogerwheelers4322
@rogerwheelers4322 Ай бұрын
This is true. I'm in my mid 40's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@joshbarney114
@joshbarney114 Ай бұрын
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $800,000 by investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@jo-annmacneill6454
@jo-annmacneill6454 Ай бұрын
if you have a great boss, you will work longer. If you have a jackass, you retire early.
@67bird10
@67bird10 4 күн бұрын
Amen.
@MikeS-7
@MikeS-7 Ай бұрын
I plan to retire in January 2026 at age 60. Why? I am tired and worn out.... And I can retire. While my health is good. I will do what I want when I want. Hiking, travel, we working around the house, family, friends, or whatever. A wise man once told me... Retire as early as you can. Two years later... Cancer.
@johnd4348
@johnd4348 Ай бұрын
Glad your retiing. I retired 6 months ago. Its best decision I ever made.
@MikeS-7
@MikeS-7 Ай бұрын
@johnd4348 Thanks. It feels good now that I have committed to it. May you have a long and enjoyable retirement.
@RK-yt3rk
@RK-yt3rk 6 күн бұрын
How about the fact that we now realize how bogus corporate America really is, and how every aspect of life is ripping us off. We have no more loyalty to a lying job market nor anything to loose. Time and health are more valuable. So is family and life balance.
@7SideWays
@7SideWays Ай бұрын
Retired in my 40s so I could go to gym classes in the middle of the day. The gym or the clinic bro.
@johnd4348
@johnd4348 Ай бұрын
Got tired of the Micromanagement games and bad coworkers. Gone done, retired. Freedom everyday.
@zukiplay
@zukiplay Ай бұрын
You cannot calculate for the county upping your property taxes. Mine doubled in 4 years.
@timsilva1944
@timsilva1944 Ай бұрын
I retired at 55 mainly because of the people, especially during the plandemic. Lazy co-workers, unappreciative bosses and clientele. I persisted for the pension and low cost benefits. No mortgage or debts. Freedom to do whatever, whenever.
@meatgravylard
@meatgravylard Ай бұрын
What is a plandemic?
@timsilva1944
@timsilva1944 Ай бұрын
@meatgravylard if I need to explain it, you wouldn't understand.
@meatgravylard
@meatgravylard Ай бұрын
@@timsilva1944 Really? Give it a shot, see if you can explain it.
@enigmathegrayman2953
@enigmathegrayman2953 Ай бұрын
@@timsilva1944 ….. I understand you!
@lauriloo38c
@lauriloo38c 18 күн бұрын
I retired in June when I turned 60. Checked with a financial adviser to make sure I had enough invested to be ok. I freelanced in the live events business and a lot changed in the conventions and events business during COVID lockdowns. My major clients went through a bunch of changes that affected my ability to get gigs and since any new clients were always through referrals, I didn’t realistically have the ability to create a new crop of clients on my own from scratch. Plus, the world is getting scarier as a 60 yo solo woman to travel on my own, dragging around expensive computers in major cities, getting into random Ubers, etc. I have enough investments to take a monthly draw that maintains my basic lifestyle. So far, what I take out gets replenished every month, knock on wood. No regrets at all!
@patassion
@patassion Ай бұрын
I always liked my work. But my jobs never allowed me the vacation time I craved, I dreamed of bike riding in the sun and just being outside in good weather, a week would be all work and grocery shopping and house cleaning on the weekends. And the person in my face growling at me, jobs felt like slavery. Now I work a little on side which I enjoy and I love the freedom love love it. Love love the freedom
@10drowsy
@10drowsy 4 күн бұрын
I retired last Feb 29 2024 (at age 60) and soon after my random migraines went away, my random chest pains went away and my bad knees / hip pains went away as well. My body dropped 40 lbs (now down to 200 lbs - where my doctor wants me) and my wife says my inner soul is much happier as well. She says I'm like the much younger age man that she married 38 years ago. Before retiring we sold our 4 bedroom house and bought a 2 bedroom house with heated shop in a bush (on the edge of town). We retired debt free and have more then enough remaining dollars to live until age 92 (as per my Bank's Financial Planner). For me, retiring at age 60 is a great thing. Best decision of my life. In many ways I wished I retired 2 years ago - when my Financial Planner told me to retire! Always remember.... Work to make money to live. Nothing more! When you can, live the last few years of your life with a happy soul. Live and play like you did before you had to work! This works for me (for us!).
@bluesteel48
@bluesteel48 Ай бұрын
I did not retire early. I retired at my full retirement age plus one additional year. My criteria was to retire when my retirement income would exceed my working income. My income is six figures. Very comfortable retirement here. Been retired for ten years at this point.
@xbalance
@xbalance Ай бұрын
I will retire at 63, 4 months from now. I would describe it as sooner than I originally planned. The reason, I can afford to retire now and I realized my original plan to work longer was a bad plan.
@TheBryanmauro
@TheBryanmauro Ай бұрын
Traveling used to mean the exploration of the journey. Arriving at the destination was a plus. Very much like Hiking is about the trail not the trailhead. Modern travel is nothing more than vacationing to rest on a beach. Which is good for a respite from work. I want to explore or maybe a better term would be journey. My plan is to journey on my bike to every state in the union and see hat happens along the way. Wish me luck.
@greggutierrez6997
@greggutierrez6997 Ай бұрын
Retirement like wealth is very much a state of mind.
@fredholley6248
@fredholley6248 10 сағат бұрын
Out at 59, last 18 months have been glorious.
@johnbruenn8755
@johnbruenn8755 Ай бұрын
I retired 3 months ago at age 62. For me it was simple. My high stress job was so adversely affecting my sleep habits, physical and mental health I knew I wasn’t going to make it to 65. Another reason was watching friends die or becoming physically incapable of doing what they’ve always wanted to do. My monthly budget is low due to zero debt and low living expenses. I had always heard from retired friends the peace you feel is so profound once that gorilla is off your back. I totally agree. I can’t begin to describe how wonderful it is. I would do it all over again. Zero regrets.
@willopaul526
@willopaul526 25 күн бұрын
It’s all depends what you do for living and your health.
@jenniferpreston8365
@jenniferpreston8365 Ай бұрын
Another option on the why traveling has dropped - I know for us, we ended up traveling so much as part of our work lives (and dropping vacations on the tail end of it) that we’ve done a lot of what we wanted to do…
@Bob-yh7ir
@Bob-yh7ir Ай бұрын
Retired at 58. We do travel a lot. We are away from home at least 4 months a year with 75% being out of country. We may eventualky get tired of it, sure, but for now just digging it. A lot of time is also spent on health. Healthier now than when i worked. Was on blood pressure meds while working and now off them. Then we do spend time with family. Have a trip coming up to visit old friends and family throughout a good portion of the US. Not having to rush around during holidays and being able to enjoy all the moments is a real blessing.
@lesliek4954
@lesliek4954 Күн бұрын
I retired 2 years sooner than planned because i woke up to how crazy it is to work so much. Endless projects and responsibility/stress and greater than 40 hours/week on a salary. Quality of life and time with family is important. I get by on less money and i like it
@toddc3135
@toddc3135 Ай бұрын
I would disagree with one point. Companies don't always work to push older people (over 60) out the door. They hang on to them so that they will be part of the natural attrition with no severance to pay.
@zukiplay
@zukiplay Ай бұрын
And they add more responsibilities to them. So and so retired, no money to replace them, let's divy up their tasks to you and you and you.
@jeffreyblanton9877
@jeffreyblanton9877 Күн бұрын
Traveling is very expensive unless you’re planing on driving and tent camping. I just camped in my Tesla at a KOA and it was $65 for one night. Flying and hotel stays aren’t any cheaper. Maybe overseas travel to South America or other less expensive countries might allow you to stretch your dollar enough to make it work.
@shanasvensson7384
@shanasvensson7384 Ай бұрын
No way ill make it past 62. Due to exhaustion and stress. I wanted to hang but not going to make that due to 14 hr days and weekends to stay afloat still can't maintain the workload.
@josephj7991
@josephj7991 Ай бұрын
You mentioned work as long as you can or as long as your voice lasts? Those of us have Hard, physical Jobs that literally destroying our bodies? We don't want to work as long as possible then limp home unable to do much in our final years? We want to get out while still healthy enough to do things like travel, hike or even just walk comfortably? I am 62 and DO Travel extensively but I know from watching my parents and others that will drop off by mid 70s? Covid Taught us Life is Short?
@CW-ez7mn
@CW-ez7mn 24 күн бұрын
Few friends were all force out by Covid at 60-63 and difficulty finding comparable job at their age. Those extra years stressed their portfolios especial with high inflation and cost of living i.e. HOA going up 2-4 times due to Surfside collapse, high insurance rates due to recent hurricanes and flooding, etc. cost of food and healthcare.
@ejames6431
@ejames6431 23 күн бұрын
I traveled in my 30's and 40's. I'm 60 now,retired. I just spend money on living expences. I like to be home or doing things in my town and just love it!
@SteveinSWVA
@SteveinSWVA Ай бұрын
Suggest moving microphones to the side.
@jawwaadwilson592
@jawwaadwilson592 Ай бұрын
Many people have been working since 16 years old
@ddellwo
@ddellwo Ай бұрын
Just turned sixty this past week - my plan is to pull the plug at 62 or 63. For most of my career, I looked forward to heading off to work on Monday morning, but the past five years have really changed Corporate America, from staffing being cut to the bone to turning the corporate culture into a pretzel in a bizarre attempt to curry favor with a generation of Americans who, quite frankly, have done NOTHING! Looking forward to the freedom and no longer having to genuflect to the bullshit!
@melvano4014
@melvano4014 26 күн бұрын
Amen! I got out when I was forced to take a DEI course for licensing.
@Rottingboards
@Rottingboards Ай бұрын
My wife and I retired at 56. We are professionals that worked for large corporations, universities, and private companies. They all treated you the same. Continually adding to your job scope and treated you like a slave. If I heard, "We are all family", or "This will be good for all of us". I thought I would puke. So we gathered up our savings and quit.
@dennish4603
@dennish4603 Ай бұрын
Retiring this month.....59. 😊
@kdkragt
@kdkragt Ай бұрын
I am a public school teacher in MN. I teach 7th grade social studies. I would like to have Tony sub for me a few days. Then, he will know why I want to retire early! (Ha, ha. I love my 7th graders, but at 55, I am losing the energy needed to be in a room of 30 of them, 6 times/hours a day.).
@kdkragt
@kdkragt Ай бұрын
Tony….Tony……Tony, are you there??? 👻
@marilynh5487
@marilynh5487 Ай бұрын
Retire and work part-time.
@kdkragt
@kdkragt Ай бұрын
@@marilynh5487 That is the plan.
@Carnegiered52
@Carnegiered52 29 күн бұрын
Pulled the plug a year ago at 60 with a reduced teacher pension after nearly 30 years in a HS classroom. I regret not hanging in there a little longer but I was barely hanging on those last five years, just marking time. May you all find inner peace.
@marilynh5487
@marilynh5487 Ай бұрын
I retired at 42 years spending all the retirement money 💰. Went into nursing 3 years later. Never worked full-time again. At 60 no money in the bank. 2024 Sold every house, 1 I owned and 2 co owned. Now renting at 2,000 a month. And investing 💰. I'm collecting some pension from the US Postal Service (retirement buy out) and US Army Reserves. I will collect my Social Security at 62. No doubt. 3 checks ✔️ approximately $3,000 a month. And work $2,000 = $5,000. I am going back to work in 2025 part-time nursing like I've always done so far. I'm happy and loving every minute of it.
@shiquita8936
@shiquita8936 Ай бұрын
If you do collect social security at 62 they put a cap on how much you can earn annually. You may want to look into that first before collecting at 62. There's so much they don't tell you.
@marilynh5487
@marilynh5487 29 күн бұрын
@shiquita8936 I already have a cap because of the Post Office annuity. I'm a nurse I went over once and I filled out 10 pages for a waiver. The waiver was granted 🙏. I get a supplement now from SS.
@GAdirtroad
@GAdirtroad 25 күн бұрын
Retired three years ago on my 55th birthday, taking advantage of the “55 Rule” after 35 years at the same company. I started contributing to my 401k at age 20, company had a pension for my first 9 years, so there was enough money to leave. It was one of THE BEST decisions of my life. I agree that counting on social security as a retirement decision is very wrong. Plan accordingly and start investing hard while you are young, the payoff will come.
@Beingnessing
@Beingnessing Ай бұрын
People are sick and tired of working so hard for so long. they're wanting some quality of life before they are less able to get around or rest.
@gpdoyon
@gpdoyon 23 күн бұрын
The #1 reason why I retired at 60 was because I could...comfortably. The #2 reason was that I had been very successful in my profession and had determined that I had no desire to create new goals. Plus, managing people was extremely stressful and frustrating. I wanted to travel, spend more time on my hobbies and commit to friendships and family that I didn't feel I had time to do when I was in working day cycle. This being my first year of retirement I've gone on six trips, spent time building relationships and enjoying nearly unlimited time for hobbies. With zero debt, living well below my pension income has allowed me to enjoy a comfortable life until I die...hopefully not for another 30 years or more.
@bluegillmich
@bluegillmich Ай бұрын
a lot of people working until 65 to 67 love there job, if you hate training the kids that fall asleep and play on there phone, don't do the job and i have been on the concrete floor for 27 years..62 looks better .
@WarriorMen
@WarriorMen 25 күн бұрын
Retired at 53. Happy with my decision.
@jeffnightengale554
@jeffnightengale554 Ай бұрын
The fire movement is more about freedom. They want to have enough money and assets not to have to work. I believe most of the people that retire early do other things. They do the kind of work they want to do. When they want to do it. I would like to retire early but I have no intention of doing nothing.
@TonyRome402
@TonyRome402 Ай бұрын
At the minimum, pay off your home and cars and have a source of residual income in addition to social security, pension, and 401K.
@nevrock1
@nevrock1 Ай бұрын
I’ll retire in February and will be 57.
@MrGoodaches
@MrGoodaches Ай бұрын
I retired at 58. If I ever had one of those mythical “40 hour a week” jobs it would have taken over 6 decades to work as many hours as I had in 43 years. So I don’t say I retired early - I already worked a lifetime.
@ChuckHolland-i4b
@ChuckHolland-i4b Күн бұрын
Started working full time at 16. I'm 62. That 46 years of the government taxing me to the grave. When is enough is enough?
@Dolphinfinancialgroupfl
@Dolphinfinancialgroupfl Күн бұрын
@@ChuckHolland-i4b is there ever enough? kzbin.info/www/bejne/rGayd2CFitVmla8si=QVkJJxDkLinVe6jL
@Candiceknits
@Candiceknits Ай бұрын
The older I get the earlier I think I want to retire.
@skibum914
@skibum914 28 күн бұрын
I was forced out of a major corporation with the excuse of the pandemic impact even though my department was continuing to grow. It was a major hospitality company and most areas had legitimate business loss. I think in the corporate room my department had to show some sacrifice by cutting their expense. I am a male, white, heterosexual with a high salary. I was chosen for these reasons …my review history was top performer each year and it was documented with written review and substantial bonus. It would be interesting to see who is retiring early not age but race, sexuality, gender. I already know the answer but the stats would be good to confirm.
@Mary-tj5qx
@Mary-tj5qx Ай бұрын
The social contract between employers and employees has changed. Jobs have become intolerably soul sucking. Corporations have become insufferable environments. So those of us with enough to walk, will walk far before traditional retirement age.
@cuz129
@cuz129 25 күн бұрын
I retired at 60. I had plenty of money and lots of purposeful volunteer jobs and a bunch of fun outdoor and indoor active hobbies. Why work for money I'll never need?
@Iron2011rob
@Iron2011rob 27 күн бұрын
When you see enough people die or struggle with health problems in their 50s, retirement is a no brainer.
@charlesluecke7110
@charlesluecke7110 Ай бұрын
Why would I stay working for a 24 year old manager with a useless engineering degree.
@MrKlawUK
@MrKlawUK Ай бұрын
there seems like a lot of reading meaning into things that may not be there, and some leaning on semantics. I don't think many people care if they're 'proprerly considered retired' if they're still working part time and have some income - many will consider a step down from a stressful high earning job to a part time or lower paid job that isn't critical to cover their costs and is just giving them extra buffer - anything other than retirement. And thats fine. No need to gatekeep the phrase IMO. and the retiring earlier than planned could be super simple - maybe people just assumed 65-67 or somethign 'because thats what you do' and they found they had saved enough to retire earlier so took the opportunity. Or found by doing some part time work they could bridge that gap and get off the hamster wheel earlier. Also fine.
@RandomJane104
@RandomJane104 Ай бұрын
Yes. Im hoping to retire at 60 to a part-time job for a few years to cover health insurance premiums. I will consider that retirement until I decide to fully retire.
@MrKlawUK
@MrKlawUK Ай бұрын
@ yep same here.
@marilynh5487
@marilynh5487 Ай бұрын
Most people should retire at 62. Because the difference is not enough to work the extra 3 years. Plus you are getting older the body is aging. We only ❤️ have 70 years after that, borrowed time.
@msbeecee1
@msbeecee1 Ай бұрын
I retired at 59. And moved to South America where my money goes 5x further
@NOMORERATRACE
@NOMORERATRACE Ай бұрын
I retired at 33 years old I am 37 years old now. Retired as soon as possible there is no guarantee people live until 65 years old.
@MikePeters-x1v
@MikePeters-x1v 21 күн бұрын
The big who said or sold a specific age for retirement? Some have office jobs like yourselves and can continue to work. Many have hard labor jobs and have trouble getting out of bed in the morning, they hurt, they are fed up with the system that's built against them. I'm retiring soon because I give up slaving to the broken system. Mike Peters
@karenbenning2166
@karenbenning2166 Ай бұрын
Retired at 72 because of covid in 2020. I wish I had retired at 67 when I went on Soc Sec as I could hav afforded to do so. However, all the talking heads at the time said u need at least one million dollars to retire. Not true!!!!
@patassion
@patassion Ай бұрын
So sad that to work until you are sick.
@l.a.rivasesq.8841
@l.a.rivasesq.8841 Ай бұрын
I think people don’t retire because: they can’t financially afford to do it; they’re healthy and don’t have difficult jobs; they enjoy their jobs; or they lack imagination of what they would do with their time if they retired. I had no problem retiring at age 50. Even though my job was enjoyable and interesting, it was hazardous and risky.
@Rob-ob3sh
@Rob-ob3sh 29 күн бұрын
People living longer is bull and the companies don’t want you to retire. Life is short and my advice is to retire early 60 or sooner so you can enjoy your life before you get old and can only sit in your living room chair.
@Fearizthemindkiller
@Fearizthemindkiller Ай бұрын
Layoffs cut everyone over 55. So we have to work harder for half the money in our 60s. I don’t want to retire, but I’m being forced to
@Beingnessing
@Beingnessing Ай бұрын
Consumerism is down ppl are living more frugal and they're needs have changed because they are living more simply.they want experiences over stuff.they want connections with loved ones and new experiences (not the same ole thing). monotony
@PoodlesAnonymous
@PoodlesAnonymous Ай бұрын
How in the hell are normal people being able to retire
@lynnehorizon5532
@lynnehorizon5532 Ай бұрын
Family inheritance.
@meatgravylard
@meatgravylard Ай бұрын
I'm normal, retired at 52 with no family inheritance. Long hard hours and good decisions...
@RichieRich-pn3gg
@RichieRich-pn3gg Ай бұрын
Guys, because we have the money.
@johnd4348
@johnd4348 Ай бұрын
I retired at 61 YO. In skilled trades. Was making the same money as I did when I was 30 YO. Management was micromanaging idots, questioning every decision and requiring all kinds of useless paperwork. Spent more time doing paper work than actual work. Youger guys coming up did not want to listen or learn the skills. Most could not show up for work 5 days a week. Made good investments when young. Decided to retire and enjoy life. Besides construction is hard on body. I know more dead people than live. All my coworkers I started with have died. I actually make more off my investments than I made working. 3 times as much .
@Kimonha
@Kimonha Ай бұрын
I have a nice pension and the idea of not spending it makes me crazy. Ergo,, I travel
@patassion
@patassion Ай бұрын
Much better off than I expected.
@toniejones425
@toniejones425 Ай бұрын
A lot of people's body wear out before they are eligible for social security.
@Iron2011rob
@Iron2011rob 27 күн бұрын
Early retirement is before 55. I retired late at 56.
@georgesontag2192
@georgesontag2192 Ай бұрын
Who wants a boss telling you what to do all day? You can collect social security and do what you want at anytime. Just know health insurance is expensive until 65.
@comicus6769
@comicus6769 Ай бұрын
That always amazes me. I'm going to keep working because someone other than me needs to tell me what to do all day.
@peterbedford2610
@peterbedford2610 Ай бұрын
Go out and run errands during the week day....A lot of people not in an office.
@barbarjinx3802
@barbarjinx3802 Ай бұрын
Mostly retired at 48. Work part time to get cheap health care.
@kathrynhoppers5737
@kathrynhoppers5737 Ай бұрын
You can earn all you want and take SS at FRA, without having to pay it back. You don't have to wait until 70.
@goldstandardaviation1667
@goldstandardaviation1667 Ай бұрын
Sad commentary that people are dying to retire early. Many made bad decisions about a career and lived to regret it. Now its time to pay the piper.
@thomasreedy4751
@thomasreedy4751 Ай бұрын
People are not living longer. The life expectancy has gone down.
@lynnehorizon5532
@lynnehorizon5532 Ай бұрын
False
@thomasreedy4751
@thomasreedy4751 Ай бұрын
Life expectancy was 78 years in 2019 and 76 in 2020. It is not False. People are giving up their years because of partisan medical bias.
@tonylevine2716
@tonylevine2716 Ай бұрын
Retired just shy of 56 a year ago and best decision ever! Time, not money, is the best part of retirement! I choose not to work till I die and make others rich. Health is also very important. Eat right and exercise so that you can enjoy retirement. I don’t know who this Tony guy is on this show, but don’t listen to a word he says! Looks like he needs to work on his health too so that he can enjoy retirement.
@denisestarr2314
@denisestarr2314 Ай бұрын
You don't need a $900,000. Dollar rig to travel !
@createone100
@createone100 Ай бұрын
You need to ask?
@Beingnessing
@Beingnessing Ай бұрын
Alot of couples at least one partner will take s.s.early
@josephj7991
@josephj7991 9 күн бұрын
People with Hard Physical jobs view retirement differently than office workers or radio show hosts?
@conservativemike3768
@conservativemike3768 Ай бұрын
Out at 60. Enough was enough.
@DionTalkFinancialFreedom
@DionTalkFinancialFreedom 13 күн бұрын
Retired in 2022. Age 52. Invested for 12 years. No pensions. Anyone can be financially free in ten years or so. People choose not to.
@toniejones425
@toniejones425 Ай бұрын
Many peps retire early because of poor health.
@lukelacasse6412
@lukelacasse6412 Ай бұрын
People are living longer? Have you checked the Obits lately? Plenty are dying in their 60's - some suddenly and some sick for two years and now gone
@GRXMotorsPNW
@GRXMotorsPNW Ай бұрын
People are NOT living longer! That is a mythology PLEASE STOP REPEATING IT!!!!
@lynnehorizon5532
@lynnehorizon5532 Ай бұрын
If you have good benefits and are health minded, people are living longer.
@JayLou-v9p
@JayLou-v9p Ай бұрын
Life span does not equal health span. Retire when you can guys and don’t listen to these chumps (who say that you are lazy) omg so mis informed.
@Steve-gx9ot
@Steve-gx9ot Ай бұрын
Fear of running out is huge! You dobt k ow how people feel and YOU JUST SHRUG IT OFF = B S ON YOUR PART
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