Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Jessica Lee Horst" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
We just dropped a video on our move from a cold area to a warmer climate building a smaller home on 1 level! What great timing in watching your video. Great infomation!
If your situation is such that you like where you live and your kids aren’t local but want to visit with their families then don’t downside unless you financially need to. Having a room for your kids family meaning grandkids to visit is far better than a hotel.
I retired with $800k saved, and looking back, I realize I could’ve done things differently. Not saving or contributing early enough, plus the impact of inflation and sequence of returns risk, makes me worry about outliving my savings, and it’s not something I can easily ignore. Not saying it’s the only way to go, but it’s something I think about
I'm approaching retirement and having a fund manager has been helpful. I started investing later than most, so relying on compound interest from index funds or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $5 million
I usually avoid making specific recommendations because everyone's situation is unique. However, my experience with Emily Ava Milligan has been quite positive. You might find it worthwhile to see if her approach fits your needs
Don’t downsize into another house if your current house has certain advantages like low property taxes and already paid off or low mortgage payments in a high market value location like California. You won’t be able to get a comparable home nearby. Apartments will consume your fixed income with market rate rents.
We will be putting our 3,000 sqft home in upstate NY for a 1400-1600 soft home in the Boston area. The reason, we do not want to manage a home that half the rooms go unused, heating and cooling is expensive, we are car dependent and our kids are hours away in the Boston area. In our view moving to Boston may mean our housing cost increase, but our quality of life as we age will be significantly higher.
We downsized and built a smaller ranch up north. I'm going for a lifestyle visit to the Villages soon. Lots of pros and cons. Maybe just rent a month or two to get out of the snowbelt.
The reason my wife and I worked so hard all those years was not only to be comfortable but to be able to help the people we love. Our kids received educations that made them self sufficient adults. They never expect anything and always appreciate what we give. If your kids feel entitled to gifts then you didn't raise them right and that's on you.
@@CoolHandLuke01 This is my lane. I'm a parent, I've saved and invested wisely and I gift to my children when I think it's appropriate. All my lane. I also made sure they were grown up to know that you need to make your own way and to be grateful when others share with you.. Again, my lane. Sorry that you missed something in translation.
I am happy that I can pay for my son’s college, so he can have a debt free start. Paying off the house 10 years ago set us up for a comfortable retirement.
I'm overjoyed and grateful to see God's blessings manifest in my family's life. We're happy once again, and I can now provide for my loved ones even in retirement, thanks to a remarkable weekly income of $67,000. It's a game-changer after facing many challenges.
Giving her my initial savings of $21,000 to invest in a brokerage account was a turning point in my life. It's been an incredibly rewarding experience and the best decision I ever made!
Wow...I know her too she is a licensed broker and a FINRA agent she is popular in US and Canada she is really amazing woman with good skills and experience.
husband speaking age 81.8 Boats -,- wife almost bought one in 1980 - $18k, boat size perhaps 16 -n 18 feet, I only remember that the dealer wouldn't dicker enough. if you are not into boating 2 or 3 times a month, it is a waste of money. Old saying is a boat owners happiest time is first purchase and then the day it sells. RV -- bought a 32' Sunflyer class A should have been a cab over. - unless you are comfy in driving a Bus, get the cab over. We had a large lot and easy to store at home. couldn't use it enough - had it 27 years, barely 7k miles, traded it on a new car. Large home, 3300 sq ft, 12k lot, $320k - NEW - today value is over 1 million, 2.5% int. rate but it is too big now The 8k property tax sucks, other fees, car tabs, ins. etc. We have our large home in Cebu, Ph. and a Park Model trailer on a Sunretreats Resort in Blaine, Wash. - 10 miles from the Canadian Border. We have been there for 32 years so our monthly dues are only $76. Also Wash. State leaders really suck too. Sorry for the young generation today trying to buy a home in any condition.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
Considering the sell and invest option? It's essential to consult a reliable financial planner to ensure income projections align with your goals.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Jessica Lee Horst" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Most boats become yard monuments.
We just dropped a video on our move from a cold area to a warmer climate building a smaller home on 1 level! What great timing in watching your video. Great infomation!
If your situation is such that you like where you live and your kids aren’t local but want to visit with their families then don’t downside unless you financially need to. Having a room for your kids family meaning grandkids to visit is far better than a hotel.
All very useful stuff. Particularly regarding, mobile homes, boats, time shares and spending all your money at once.
Another great video with no BS.
What about the seniors who downsized and moved to Florida. When hit with massive homeowners insurance hikes it's devastating them.
After retiring I can look back and wished only had one corvette car instead of 3. I could had more money working for me to enjoy later in life.
All sound stuff. Thanks from Western Australia.
A fantastic channel I have discovered. Excellent advice in this video!
I can relate to “loaning” family members money. It always turns out to be gifts. I was glad when I retired I could say no. “I am retired now”.
Yes, I know what you mean:)
Thank you for the information!
Thanks, Jerry ~ great comments, to help others in building retirement
🌟🌟🌟🌟🌟
Good advice, but proper planning always is. Impulse purchases are NOT something to do when you no longer have an income !!
I retired with $800k saved, and looking back, I realize I could’ve done things differently. Not saving or contributing early enough, plus the impact of inflation and sequence of returns risk, makes me worry about outliving my savings, and it’s not something I can easily ignore. Not saying it’s the only way to go, but it’s something I think about
I'm approaching retirement and having a fund manager has been helpful. I started investing later than most, so relying on compound interest from index funds or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $5 million
I'm worried about my portfolio and could use some guidance. How can I get in touch with your manager?
I usually avoid making specific recommendations because everyone's situation is unique. However, my experience with Emily Ava Milligan has been quite positive. You might find it worthwhile to see if her approach fits your needs
I looked for the name online and found her page. I emailed and made inquiries. Thanks for the help
@@Joe900-px3nt
Good luck :). 🌟🧡🌟
Number 8, a reverse mortgage!
Absolutely, never fall for this !!
But but Tom Selleck said it was a good idea.
All excellent points! Good job.
My uncle went broke in retirement. He spent a lot on strippers, partying, and drugs. The rest of it he just wasted
Sounds like he had a good retirement 😂😂😂😂😂👍🏴🦊
@@Jp1970-pw1ld wine , women and Song 🎶
The two happiest days of a boat owner are: the day he buys it, and the day he sells it. The same can be said for an RV.
Very important points to be aware of. Thank you.
These are all excellent. We'd rather ride our bikes with our grandkids than take care of an oversized house.
Amen to that!
Jerry- very valid points on all of these. Very informative.
Just be thankful that you can retire.
Good info for many of us! Thank you!
Yes
Grandkids like playing in those RV's when they are sitting in the yard.
There MUST be countless RVS on the market since COVID .
If I can believe TH-cam, RVs starts falling apart before you can drive them all the way home from the dealer.
BOAT
Break
Out
Another
Thousand
How about not really retiring. I have my own law practice and thinking about just perhaps slowing it down.
Thank You 🤗
Hey Jerry!
The title card for slide # 7 is misspelled!
Just rent! That’s the ticket!
#8. Don't spend money on spell check, for such misspelled words as 'ritirement' in seven, as your viewers will correct you, often free.
They say the best day of a boat owner is the day when he first buys the boat and the day he sells the boat. ☺
Unless you live on a large lake and have a small row boat with an outboard. But very true for the larger boats.
Don’t downsize into another house if your current house has certain advantages like low property taxes and already paid off or low mortgage payments in a high market value location like California. You won’t be able to get a comparable home nearby. Apartments will consume your fixed income with market rate rents.
Many people will also get hit with hefty capital gains tax due to appreciation that exceeds current exclusion amounts.
We will be putting our 3,000 sqft home in upstate NY for a 1400-1600 soft home in the Boston area. The reason, we do not want to manage a home that half the rooms go unused, heating and cooling is expensive, we are car dependent and our kids are hours away in the Boston area. In our view moving to Boston may mean our housing cost increase, but our quality of life as we age will be significantly higher.
#8 buying a condo in Florida.
We downsized and built a smaller ranch up north. I'm going for a lifestyle visit to the Villages soon. Lots of pros and cons. Maybe just rent a month or two to get out of the snowbelt.
@@Mindy-r2s That's the way to do it! Great place to visit when the cold bites. Late spring, summer and early fall are awful here.
Not helpful, but not hypocritical. Most of these, if you made it to retirement, are obvious. Carefree boat club, you're welcome.
The reason my wife and I worked so hard all those years was not only to be comfortable but to be able to help the people we love. Our kids received educations that made them self sufficient adults. They never expect anything and always appreciate what we give. If your kids feel entitled to gifts then you didn't raise them right and that's on you.
You make rambling assumptions. Stay in your lane.
@@CoolHandLuke01 This is my lane. I'm a parent, I've saved and invested wisely and I gift to my children when I think it's appropriate. All my lane. I also made sure they were grown up to know that you need to make your own way and to be grateful when others share with you.. Again, my lane. Sorry that you missed something in translation.
I am happy that I can pay for my son’s college, so he can have a debt free start. Paying off the house 10 years ago set us up for a comfortable retirement.
air berlin!
I'm overjoyed and grateful to see God's blessings manifest in my family's life. We're happy once again, and I can now provide for my loved ones even in retirement, thanks to a remarkable weekly income of $67,000. It's a game-changer after facing many challenges.
wow this awesome 👏 I'm 48 and have been looking for ways to be successful, please how??
@@KuramaUchiha-id1owMaria Angelina Alexander I really appreciate her efforts and transparency.
Giving her my initial savings of $21,000 to invest in a brokerage account was a turning point in my life. It's been an incredibly rewarding experience and the best decision I ever made!
This is a definition of God's unending provisions for his people. God remains faithful to his words. I receive this for my household.🙏
Wow...I know her too she is a licensed broker and a FINRA agent she is popular in
US and Canada she is really amazing woman with good skills and experience.
husband speaking age 81.8 Boats -,- wife almost bought one in 1980 - $18k, boat size perhaps 16 -n 18 feet, I only remember that the dealer wouldn't
dicker enough. if you are not into boating 2 or 3 times a month, it is a waste of money. Old saying is a boat owners happiest time is first purchase and then
the day it sells. RV -- bought a 32' Sunflyer class A should have been a cab over. - unless you are comfy in driving a Bus, get the cab over. We had a large lot and
easy to store at home. couldn't use it enough - had it 27 years, barely 7k miles, traded it on a new car. Large home, 3300 sq ft, 12k lot, $320k - NEW - today value
is over 1 million, 2.5% int. rate but it is too big now The 8k property tax sucks, other fees, car tabs, ins. etc. We have our large home in Cebu, Ph. and a Park Model
trailer on a Sunretreats Resort in Blaine, Wash. - 10 miles from the Canadian Border. We have been there for 32 years so our monthly dues are only $76. Also Wash.
State leaders really suck too. Sorry for the young generation today trying to buy a home in any condition.