The competition to win the book "The Tarts And Vicars Diner" is over we have a winner, congratulations SANDI HUNTER please see our community post for instructions on how to send us your address.
I worked in the office of a care home for many years and came to the conclusion that if you make decisions ahead, you have choices. If you wait until a crisis, you don't have choices. We are 60 & 65 and are looking very seriously at downsizing (no date decided yet) because of your videos. We had our children at a young age but they are waiting longer to have theirs. We had hoped to enjoy grandchildren in our current property that has a pool and lovely yard but you have really given us a whole new perspective that we have taken to heart. We definitely would like to own that book!👍 Thank you for all the work you do putting together thought provoking and fun videos.
❤❤❤ I love apartment living. By having someone else worry and take care of maintenance etc I feel like I literally get more life. The older I get the more I don’t want to be bothered by anything. Love your channel. Thx for sharing.
Great points Tina and Norm. My mom moved to a 55+ campus seven years ago after my dad passed. They definitely stayed in their large home too long, into their early eighties. She was in an independent living unit for a few years then assisted living for a year and a half. She thought she wouldn’t like downsizing but ended up loving her life there even after moving into a small assisted living apartment. The campus was beautiful, people and staff were friendly and there were many activities to chose from as well as shopping and restaurants. She passed away recently and I have learned the wisdom of downsizing as one ages.
We've experienced the pitfalls of helping our adult children financially. As parents, we always want to take away their pain and eliminate their problems by throwing cash at them. It's really hard to convince ourselves that it's actually harming them by not allowing them to figure out solutions to the problems they create.
The problem with that is that my parents didn't help me when I REALLY needed it. I think parents with money (my parents would travel once a month) should ensure that their children have health insurance, at the minimum. There was a lot of resentment between us and now they are old and wonder why their children and other family members have abandoned them. That is the worst thing for elderly people. I don't think of them as family anymore and as far as I'm concerned, they're already dead.
@@jeffw1267whoa. There should be other solutions than a parent ATM. You should question your decisions of where that got you to where you needed that much help.
The money we got from selling our house, conservatively invested, more than pays the rent. Using round figures if you sell your house for 500,000 and get 4% return on the money that gives you 20,000 a year towards the rent. Plus you don't have property taxes, repairs and all the other costs associated with owning a house. On the other hand house prices have increased by a lot more so we couldn't get back into the housing market and a house gives more security against inflationary rent increases and market downturns. You have to be prepared to move from a rental if the landlord so wishes and that could be difficult and traumatic if you are frail.
We rent from a large corporation they have over 80 buildings in all different locations, it’s there business to rent we would never rent an individual Landlord Cheers 🍷🙂🌺🍺
Very good video. My father-in-law made a good decision when he retired. He bought a condo in a good neighbourhood, on a bus line, near a shopping centre. When he died, his widow was in a comfortable situation that she could manage. In terms of decision making, I agree that as we age we can lose some insight. I think it is a good idea to have someone younger listen to our thoughts and see what they think about it.
Your friend with the car did not raise his kids properly. If my parents were to give my daughter or son their fancy car, i would stop that deal right there and then. Your friend cannot help his mental decline and part of that mental decline is to not be able to fully evaluate decisions. But his kids should be able to help. He is being taken advantage of 🤦♂️🤦♂️🤦♂️
I never understood grown able bodied adults who have kids relying on their parents for money, that’s an extreme privilege. I’ve always had to work hard and take care of myself and my kid 100% on my own
My in-laws refuse to sell their house. They are so frail that they can't climb the stairs and have fallen several times trying to get into the house. Like you mentioned with your parents, now my in-laws are past the age of selling the house. It's a terrible thing to witness.
We’re thinking about moving to an apartment at some point but a friend was telling me that apartments often go up one or $200 each year. Has that been your experience?
My husband and I sold our home here in the US and are downsizing from 4200 sq ft to a 1400 sq ft apartment. Whew! What a process it has been and I had tremendous difficulty with anxiety after we made the decision and it became real. We were both surprised at how emotionally fragile I became and I sought a therapist (at my daughter’s suggestion) and started taking an anti-anxiety medication. Now, I a, feeling better and the more we sell and give away, the freer we feel. Your comment about waiting too late to make such a move is so true. I am 70. If we had waited a few more years, my husband would not have been able to blast me out of this place and it would take our children months to clear out this home. Thank you for your channel. You are truly an inspiration and source of solid advice.
We wish you all the best with your decision Patsy sounds wonderful we love our apartment , but yes the older you get the harder both emotionally and physically it is to do it Cheers 👍🌺🙂
Great video! Oh I bet if your friend had a heart to heart with granddaughter she would understand completely! He could keep his pride and joy and those 2 pick out something together for her. He could simply put it in his Trust to her. Thanks as always for good retirement advice! The book sounds very interesting and I would enjoy reading it to improve diet and hopefully live longer in retirement because of it:)
I have commented before and would love to comment again to perhaps when this. At retirement, if we want to enjoy a long healthy time we need to focus on our diet and exercise and health.
The property prices in the UK have made downsizing a challenge, if we sell our 4 bed house we won’t have enough capital to downsize to a decent small apartment, renting really isn’t an option as rents are high and rising. I suggested that my kids built a granny annexe for us, they were horrified, I was joking😂
We were experimenting filming this episode on an iPhone, unfortunately the camera app has some short comings and missed focus and oversaturated the image....back to our usual camera next time until Apple sorts out the iPhone 14 camera software! Thanks for watching we do appreciate it. 😀😀
I’m interested to know why you didn’t buy an apartment instead of renting one? We sold our big family home and we’re able to buy an apartment outright with the profit made after paying off the mortgage. Rents in Australia are huge for apartments and they’re not secure at all. You can be evicted at anytime as a renter. The rental increases currently are enormous. Maybe our system is different to yours? Wouldn’t it still be better to own an apartment? Our outgoings are quite minimal in comparison to a home. The utilities amounts are so much smaller living in an apartment too. Just curious?
We didn’t want to own again as we wanted to get rid of home ownership and unexpected maintenance and expenses, renting to us is freedom of all that and we can just travel when we want. Having rent control is wonderful and what we pay is Grandfathered in from 7 years ago Cheers 🙂🍷🌺
@@ThisIsOurRetirement thanks for that reply.. you’re very fortunate with your rental arrangement. We have an annual corporate body levy that covers maintenance etc so we don’t do any.
I retired 6 months ago and regretting it, finished all my home projects(not her’s) and looking for a new job!…..nobody want’s me because of my age, I’m going nuts all day alone with her!!!......thinking about starting a channel “Don’t Retire!..Here’s Why” LOL....glad you guys are happy…..keep up your good work!……
Weight loss is tough.The gift is retirement you will have time. If your able, eat home cooked whole food meals, (try to decrease processed foods) remove enriched white flour, and all process sugars. Walk, hike and think about a brisk walking pace. (Just thinking this, as you walk, will increase your tempo) Me 17-24 months later: Before: 237 lbs 5'10 39/41 inch waist high blood pressure 65 years old After: 164 lbs 5'10 32-34 inch waist now no meds and almost 67 year old Sound simple eh?~ Not~ Took me 25 years to get around to it! When the time is right you can do it. So get trying and enjoy the results. You will succeed as long as you never give up even if you fail many times. I wish you all well. 🖖🖖🖖🖖🖖
Very sound advice. Also be careful of taking on too much child care for your kids, you can feel pressured into helping them but they can end up expecting you to be a full time carer of your grandchildren that will use up all the time you thought you'd have to enjoy in retirement.
Hi Tina & Norm. I've been away from TH-cam for 3 wks because my mother passed away suddenly 💔 on May 25. Trying to catch up on my favorite channels. Oh my the mess we have inherited. Mom lived in same house for 50 years. She has things stuffed everywhere dating back to the 50s. Silly junky things. Even though I had been helping her clean out & organize over past 7-8 years, there was/is still a ton of junk. Please encourage people to give treasured items away before they die, keep clutter to a minimum, and don't keep stuff you no longer need or use.
We are sorry to hear about your Mom Candy 🌺clearing a house like that is a huge job which Norm did also when his Dad past away nice to have you back Take Care 🌺🙂
Our kids are 49, 46, and 42. The 46 year old daughter moved back with us after 20 plus years away due to health problems. She pays a little rent. We know people our age (we're in our 70's) who are still working because they can't stop shopping. We're in a 2BR condo near O'Hare airport. Tina, Al's wife
He needs to replace those tires....ASAP 12 years they have aged out...safety first for that granddaughter.......He could possibly buy her another car instead!!!
Hi Norm and Tina! Greek Food festival in Kitchener this weekend! ! My wife and I both need to lose a little weight! Tough in the summer. Maybe that book could help us! Cheers Norm and Tina!
We would consider downsizing in the future.. we now understand the old saying of old peoples bungalows... no stairs to climb. Great channel Tina and Norm and greetings from the UK.
"Bank of mum and dad" is one thing, but what about being orphaned with two living parents? Certainly in my life my father lined his own pockets at the expense of being a responsible parent A millionaire with 5 kids who never supported them properly at all even as infants, and that the woman he ran away with didn't know he had until I showed up looking for my estranged father 25 years later!) at the neglect of his children (from age 3 in my case) my mum tried her best to care for us but she gave all her inheritance to her brother to gamble and drink away and it was a significant sum. Meanwhile the children have to fight over any little bit of inheritance they might have been entitled too because neither parent makes proper wills? Worse still the youngest of 5 (me) has to suffer at the hands of my elder siblings who had already learnt well in life that " know ones looking out for ya" to just steal what isn't nailed down in the family home fiddle the welfare system, fiddle critical illness benefit and a plethora of other sociopathic tendencies, grabbing whatever you can get your hands on because our parents ain't looking out for any of us properly, so it's dog eat dog, steal from your youngest brother, including their home, teach them a "REAL" lesson in life! How's that for a scenario that makes you "financially independent"? Is independent the right word? Or is it running scared of everyone? Because if your parents can do this to you, and then your siblings....who can you trust? Its a messed up my life well and truly. I never wanted kids because of the circumstance of my upbringing, so now I have utterly know choice but to take care of myself in every way possible, as knowone else is going too and so the cycle goes on. Well not in my case as I learned not to start a family. After all look at how they all treat each other!
Been considering a move to a condo for a while. My paid for house is small but old and falling apart. But even all the repairs don’t cost as much as what they want for rent these days and real estate is astronomical as well. Lot of homeless seniors because of increased rental prices. Seems my only choices are a rock and a hard place.
We are fortunate having rent control ours only goes up about $25 a month on the yearly increase . When looking at Condos just watch the HOA fees we have a video on that coming out soon , good luck with your plans Cheers 🍷🙂🌺
We are in a one floor house ! We made fun about scooting through this house in a wheelchair one day and thirty years later the time is almost here as the legs problem keeps getting worse ! I think I mite switch with my kids two bedroom two bathroom apartment and they take the house as my daughter loves the house so much ! She is our only child and In a short time I feel , we will have to make that decision for her , husband and two kids and our selves ! It will be a huge adjustment but at least we have that to consider ! They would just have to pay their mortgage to their bank until the apartment is payed for ! I will not contribute to that ! We helped them set it up with down payments on both side of their family! It is so hard to own a piece of real estate in Vancouver that if you like you child to be around in your life , you must try to help them and luckily we could do that ! The older you get the less money we spend ! We did only do one contribution when they bought their place and now it’s up to them . But the grand kids , they gets less too with spending money on them ! No more shopping with grandma as I can’t stand up for long ! Well for everyone it’s a different situation of course and we hope we get to stay a little longer in the house as husband loves to garden . But on the long whole , it looks that that plan mite have to become a reality one day if life permits us and as we get older ! How kind of the lady to send you the book ! And too bad it got to sit at your post box 8 months ! Let’s be unnest , you could of been on perfect weight for the sumner Norm and Tina ha ha just kidding ! Well I think that both of you are perfect already and at a older age don’t do any drastic dieting as things mite trigger ! Thank you for being here for us to compare and exchange stories! It is nice to read what other people our age are doing with their life’s ! Thank you so much again ! ❤👍
That actually sounds like a great plan doing a swop house for apartment with your daughter if the money side works out ! hope you have a great weekend Cheers 🍷🙂🌺☕️
@@ThisIsOurRetirement it will , we have pensions and some real estate in Vancouver! So we will be just fine ! Yes enjoy your weekend too Norm and Tina ! And we look forward to see you again when ever you can in a vlog ! You are doing a great thing for us retirees !
Hi Ellen. Please make sure you and your husband get legal/estate advice. I am no expert, but if there are advantages and disadvantages to handling this situation, you need to be aware of them. Please check into things legally.
Please consider us for your book - I tried the link to order myself but it’s not available in the U.S. …boohoo…I guess with Norm and Tina is the only option :)
To me, I guess different people have different perspectives in life very much so depending on our socio-cultural beliefs. I would have done differently if I were younger (from the stories that were told). But things are changing; we might be different worlds apart from where we come from, but in essence all of us would make decisions based upon what we think would be the best for ourselves and for those seeking our help and advice. Cheers!
Why did the retired couple start a cooking blog? Because they finally have time to perfect their recipes and spice up their retirement! 🍳 Share your favorite dishes...
Hey Tina and Norm, we have not heard any news on travelling. Is it because you are throwing away all your money on rent, ha ha ha. I would to request your book for better eating habits. Having gone through 2 strokes since February this year you have to take better care of one's self. The high blood pressure is a factor now more so than before so eating better is the number one must do. I have learnt to cut out and or cut down the consumption of coffee, alcohol and red meats. Replacing them with more beneficial items like juices and teas and so on. It's hard to change your ways but it's your life you have to consider.
I agree with you about downsizing but why not to buy a smaller apartment instead of renting it. I could still keep half of the money from the house for investments or cash. However, paying condo fees and property tax would still be cheeper than paying rent, so I would save money on housing cost. Plus the property value will keep appreciating so there will be a capital gain at the end which is another way to be invested and not to pay any tax at the end because it is my principal residence. Just wondering what are your thoughts on that route. Thanks for making great videos as always!
We wanted to get rid of home ownership, maintenance and unexpected expenses plus it gives such freedom to travel with no worries . We are not fans of Condos due to the unpredictable HOA fees which can be raised anytime ! have a great weekend Sonia Cheers 🍷🌺🙂
It would be nice to receive one of your gift books for health and well-being guides. In my youthful years I generally had lived a healthy lifestyle . Through the years had gone, life experiences things have had change in my lifestyle and it is causing me new illnesses of which are mainly can be avoided through a healthy lifestyle specially how , what, and when we handle our food and or caloric intakes. I watch your you tubes and always eagerly waiting for your next release. Keep it up your great works.
Thanks so much for watching yes sometimes we all have to changes habits especially if they are causing health concerns, the contest for the book has closed and was won by Sandi Hunter have a wonderful weekend Cheers ☕️🌺🙂
Woohoo! Thanks for the give away. I need to get off the yo-yo too. My family suffers with obesity and diabetes and though I’ve been thin all my life, aging has made this a whole need game!! Love your channel.
I've enjoyed your you tube channel and the positive attitude regarding retirement. You both are the cutest couple ever. Thanks for the positive retirement info. My husband and I live in Winnipeg and recently retired.
Yeah running the same tyres for 12 years is a bad decision imo. Our son works for one of the big tyre mobs and conventional wisdom says that about 7 years is as long as you should run tyres even if they have plenty of tread left. We just swapped the tyres on the rev limiters vehicle as they were about that old even though they looked fine. You can actually tell when the tyres were produced from the marking on the side of the tyre.
I really would love to get this book because I desire to put my health in the first place. I really wish to be a fit elderly man when the time goes by. God Bless both of you. I admire of you as a couple and I hope my wife and I would be like you. :) :)
I guess we all have to live with our decisions good and bad one's of which i have made many. I was very generous while working ..now i find i just cannot be so.. its hard for family and me to adjust. 4:51
Hello to the both of you, your channel is one of four I watch regularly. I would love to win the book 📖. I am a wits end trying all the diets that are safe for me to do with my medication for my lungs and heart ❤️.
Great video today! Loads of good information and wise advice. I've got the countdown app on my phone and we're just under a year away from my retirement!
Tire safety alert: I am not selling tires but everyone should know that old tires with low mileage can still be dangerous as the rubber dries and cracks over the years. 12 year old tires are past their prime and need to be replaced for safety.
Tell your friend that on his deathbed his final thoughts won’t be about his scrap of metal on four wheels but his granddaughter and other family members. Perspective!,
My sister just sold her house in Surrey her husband died a few years and she rushed out met a guy who sold his house moved in with her they put a lot of his money in to house fixed it up .They got a high price for it and are moving to Lincolnshire middle of nowhere brand new house much larger why dont know she is retired older than me .I have big house when I retire will sell or rent it out and travel to much work to upkeep .
It is so true as you age you need your money. With high inflation here in Ireland we have noticed our pensions not stretching as far. So you have to be careful with your savings. We already lost a lot on Bank shares before we retired so it has made us cautious. We have no children but were always decent to nieces and nephews now adults. But we only give Christmas gifts now and there are two great nephews which we love buying items for. A car seat is now around 300 euro. But cheques for 1,000 euro, those days are well and truly gone. In fact, one nephew is extremely decent to us which we greatly appreciate. Have a lovely weekend.
Perhaps the grandchild would prefer a different type of car, I wonder if it’s not too late for the Grandad to offer the choice of his pride and joy or cash. He could help the Grandchild search.
I have an elderly neighbor who owns a seasonal second home next door to my second home. It's difficult in that town to find anyone in any contractor or service based line of work that is reliable or isn't part of the "underground economy". It's all "cash".. So when I cut my grass, I cut her grass, when I snowblow my sidewalk and driveway I do hers etc. While I'm a tad bit younger than both of you, I'm kinda sorta thinking about future moves myself and looking at senior type apartment towers.(there's a long waiting list).Since home ownership especially when the home next door or across the street sells , possibly goes rental instead of owner occupied and the new neighbors turn out to be nightmarish , with barking dogs all day, loud music and possibly dealing drugs you look at different living options very quickly.
Such relevant and appropriate points. Strategic planning and thinking will diminish with age, which is to be expected. Also losing the impetus to move home when you really should. Recognising this earlier in retirement should help you plan for that future. Thanks for raising such great points.
Love you two; you are so funny. I remember my dad, quite a car guy, fixed up and gave one of my uncles and one of my cousins each a nice looking car. The guys kept the cars for a short time and traded them in on big, fast clunkers. Dad was so angry. I didn't get a car, because parents divorced ... I think of your friend in this light and wonder if he might want to talk to his granddaughter about his pride and joy. She might not view the car as such and might be happier with something else that he could buy for her, allowing him to keep the car he loves. Husband and I are older than you and we have chosen to continue living in a house. We purchased a much newer and more accessible house than the one we raised the kids in. Our thinking is that we own it, it is paid for, and no one can be the pain in the neck neighbor sharing a wall and no one can raise our rent (although taxes do go up) and no one can evict us. Two schools of thought, neither wrong. Thanks for a great video.
👍👍✌️. The bank of mom and dad. Like you said when my wife and I were working it was easy to help out and we did. Different story now and they are fine with it.
Hi Tina and Norm! I just love your videos! I am getting close to retirement, 4 more years! I would love the book, I have been on the diet yo yo since I was a kid! lol hoping to conquer that before I retire! 🙂Thank you for your videos and all the great information!
I guess that finding an apartment that is in a larger more stable building is important. When I think of renting, my first thought is that of the dumpy low cost apartment that we stayed at trying to save up a down payment for a house back in the 80's. It was a 5 family house with the landlord living on the first floor and their adult daughter with her family on the 3rd. We and another couple had apartments on the 2nd floor. There was also a small studio apartment on the 1st floor. These landlords were like slum lords! Half the time I'd come home filthy from work to find that the water or hot water wasn't working. Being a tradesman myself I would offer to repair what it needed if they just paid for or obtained the parts. They always refused and the old guy who owned it would tinker around for days before it was patched. Luckily I had family in the next town where I could go to shower! It was a nightmare living as a tenant this way and the 80's were a housing bubble in the US. I finally found a place that needed a bit of work but gave me the chance to start. I put a lot of work into the place but it's my own. After renting under those conditions, I dread the thought of being a tenant again! It sounds like you have found a place that wouldn't present the problems that I did. After 36 years I'm starting to lose the enthusiasm of being a homeowner though I do prefer not to nave neighbors too close! 😊
@@ThisIsOurRetirement I guess that it would depend upon where in Manhattan that you're talking about. I wouldn't want to live there, but would expect that most apartments would be smaller than in the suburbs.
I’m so grateful we downsized from an acreage property in Sydney to an apartment in Melbourne by the sea, in our early 60’s. If either one passes the other one can easily adjust to the apartment that is already ‘home’. We can walk to every thing we need, it’s wonderful. I agree totally Re not continuing helping adult kids. I get tempted at times but realise our $$ won’t replenish and they need to make adjustments to their ‘lifestyle’ to cope better financially. It is good for them to learn that they don’t ‘need it all’ now!! Very good topic today.. Thankyou!
My advice is when you give something treasured as a gift, don’t expect the receiver to have the same attachment. My 80+ dad gave a truck to my son who liked the gift but hated driving a big truck, paying a lot in gas and it did not fit into his building parking. Most of all, my son was busy with school and work and although he maintained the truck well it was not washed and waxed weekly like grandpa had. Most of all, my son wanted “his own” car, not driving grandpas pride and joy. Plus, to some people (my son as an example) a car or a house is NOT an extension of your identity, to others it is a tool, and you swap out tools as you need them to suit needs- especially when you are building your life and still forming that identity versus having a strong identity.
That looks like a great Book Club read. The title alone would be fun to discuss with all the ladies. Enjoyed today's video. We have 6 children through our second marriage. We said right from the beginning we would not put ourselves in financial bind by helping them out. It has worked wonderfully and they are all living around the world and financially independent. It's difficult to say no but you have to. They might be unhappy at first but they begin to understand. Our parents were never in a position to help us out and to be honest we didn't want their help, we wanted to be independent. I see friends who are too generous and not struggling with their own situations.
Yay. We can win the book. How nice of the giver. The older we get the harder it is to lose weight. So I’m curious of her tips. Love your shirt norm. And I like your advice to be more mindful of what you may obligate yourself too. ❤❤
Side note: Tires need to be replaced every 6 years. The rubber begins to break down ("dry rot") and cracking starts in the sidewalls. All tires have a date of manufacturing date code - more info by googling.
Story #3 is most important. Always look after ourselves first and foremost. Can't rely on family to look after you and reciprocate the good deed you did for helping them out financially. I know someone, a single mom who contributed her entire life savings to help her only child to buy his first condo. That son did not hesitate to kick her out to the street after she encountered conflicts with his lazy, stay-at-home girl friend who sleeps and smokes all day long.
Yeah i agree. Don't be blinded by love to get yourself in hot water over. Im so glad i found this channel because Tina and Norm have made retiring and those type of decisions manageable.
Please consider me a recently widowed senior for the "Tarts and Vicars Diner" . I have read the Wealthy Barber by David Chilton and found it to be a very valuable resource. So I feel this book would have be a valuable resource, if the author was guided by David Chilton. Thank you and enjoy your day.
My husband and I agree (sort of) that we will need to move from our rural property to the nearby small city in the next 5 years or so. Having moved numerous elderly relatives who were in denial about their abilities left it too late, this is top of mind. But lately we are having second thoughts due to the astronomical rent increases in our area, and equally astronomical price increases for condos. It's a tough call.
The knowing when to move is a tough one. We have been in our house 36 years, we moved here when our oldest daughter was 4 and our youngest had just turned 2 the month before. At 1,200 sq ft (111 sq metres) it's not a large house but has suited us for all these years though we did big reno 15 years ago so it was in tip top shape for our retirement. Now our grandchildren, 8, 6 and 1, come regularly to visit us at the same house their mothers grew up in. We both turn 70 this year and logically, in our minds, we know a move is coming in the next few years (to a condo maybe?) but it is daunting to think about actually moving. Honestly, I don't know how we'll finally decide it's time to move. Perhaps it's like knowing when to retire, one day you just know.
It is a big move to downsize from the family home but we looked at it as a whole new chapter we were 60 and 58 it was time for new owners for our home . We have never looked back life is so different we can go travel whenever we want no stress or worries of home ownership it works for us . Yes you get the feeling you know it’s time to do it ( don’t leave it too long ) Cheers 🍷🌺🙂
When we turned 70 we sold our house and moved to a beautiful adult community..still bought a new house, but facilities for grass cutting and snow clearing are readily available. About two years before we moved, we started getting rid of 'stuff' that we didn't need anymore, and really started emptying and decluttering our house, but we did it gradually and by the time we made our decision to move, it was so much easier...it is never too early to start the process...
@@annekennedy8127after seeing this video, among others and just general thoughts, my wife and I had a good discussion about when to move. Current thinking is to move within the next 5 years, it will still be hard to leave the home we will have owned and loved for 40 years by then. We are only the 3rd owners of this 1958 house, it's a very stable neighbourhood we live in. When we moved in all those years ago almost all our neighbours on the street were still original owners, the woman next door, in her 90s now, is in fact an original owner. You don't see that much anymore.
@@annekennedy8127 An update... We've been kicking around what to do knowing it was getting nearer to the time we should move but I have to say we were really unsure after going on 40 years in our current home. After this discussion, and on some other blogs I follow and participate on, we understood that for sure staying in your house too long can be a problem and we were getting to that point. We started looking at condos shortly after this video was posted and we quickly narrowed down what sort of condo we wanted and where. I am happy to say we have an accepted offer on an adult condo building about 2km from where we live now and our house goes up for sale next week. The cost of buying the condo is about 30% lower than what the real estate people valued our house at so even after expenses there should be cash in the bank at the end of the move. It's not even really a downsize as the condo square footage is about the same as our house. It's the right thing to do.
Hi you two! Tina’s new haircut looks amazing. Very uplifting length. Norm, not sure if you noticed but the video today was blurry. Great content as always!
Thank you must be the new highlights Tina got from her hair dresser! yes Norm did we were filming on the IPhone 14 instead of the usual Canon RP , we were trying it out but seems needs some tweaking as it focused on the lamp more that us LOL 😂😂 Cheers 🍷🙂🌺
The competition to win the book "The Tarts And Vicars Diner" is over we have a winner, congratulations SANDI HUNTER please see our community post for instructions on how to send us your address.
You two seem like such happy and reasonable people. No bluster, just real.
Thank you so much we do appreciate your support in watching and enjoying our videos hav3 a wonderful weekend Cheers 🍷🙂🌺
I worked in the office of a care home for many years and came to the conclusion that if you make decisions ahead, you have choices. If you wait until a crisis, you don't have choices. We are 60 & 65 and are looking very seriously at downsizing (no date decided yet) because of your videos. We had our children at a young age but they are waiting longer to have theirs. We had hoped to enjoy grandchildren in our current property that has a pool and lovely yard but you have really given us a whole new perspective that we have taken to heart.
We definitely would like to own that book!👍
Thank you for all the work you do putting together thought provoking and fun videos.
Great advice, and kids are having their children later
❤❤❤ I love apartment living. By having someone else worry and take care of maintenance etc I feel like I literally get more life. The older I get the more I don’t want to be bothered by anything. Love your channel. Thx for sharing.
We agree Nikki, you have summed up our experience too, thanks so much for watching. 💕❤️💕
The best thing about retirement is every morning feels like a Saturday morning 😁
So true! it’s wonderful isn’t it Susan Cheers 🍷🌺🙂
Great points Tina and Norm. My mom moved to a 55+ campus seven years ago after my dad passed. They definitely stayed in their large home too long, into their early eighties. She was in an independent living unit for a few years then assisted living for a year and a half. She thought she wouldn’t like downsizing but ended up loving her life there even after moving into a small assisted living apartment. The campus was beautiful, people and staff were friendly and there were many activities to chose from as well as shopping and restaurants. She passed away recently and I have learned the wisdom of downsizing as one ages.
As we age friendships and socializing are so important beyond home ownership. We were happy for your Mum that she had a great experience.
We've experienced the pitfalls of helping our adult children financially. As parents, we always want to take away their pain and eliminate their problems by throwing cash at them. It's really hard to convince ourselves that it's actually harming them by not allowing them to figure out solutions to the problems they create.
It can be a hard lesson to teach your kids have a wonderful weekend Cheers 🌺🍷🙂
The problem with that is that my parents didn't help me when I REALLY needed it. I think parents with money (my parents would travel once a month) should ensure that their children have health insurance, at the minimum. There was a lot of resentment between us and now they are old and wonder why their children and other family members have abandoned them. That is the worst thing for elderly people. I don't think of them as family anymore and as far as I'm concerned, they're already dead.
It sounds like there is way more to your story than the money. I hope you all can repair your relatioñship before it is too late.
@@jeffw1267whoa. There should be other solutions than a parent ATM. You should question your decisions of where that got you to where you needed that much help.
@@jeffw1267What a SHOCKING thing to read!
Yr post is absolutely shocking!!
It'll be too late and all you'll be left with, is regret.!
The money we got from selling our house, conservatively invested, more than pays the rent. Using round figures if you sell your house for 500,000 and get 4% return on the money that gives you 20,000 a year towards the rent. Plus you don't have property taxes, repairs and all the other costs associated with owning a house.
On the other hand house prices have increased by a lot more so we couldn't get back into the housing market and a house gives more security against inflationary rent increases and market downturns. You have to be prepared to move from a rental if the landlord so wishes and that could be difficult and traumatic if you are frail.
We rent from a large corporation they have over 80 buildings in all different locations, it’s there business to rent we would never rent an individual Landlord Cheers 🍷🙂🌺🍺
Very good video. My father-in-law made a good decision when he retired. He bought a condo in a good neighbourhood, on a bus line, near a shopping centre. When he died, his widow was in a comfortable situation that she could manage. In terms of decision making, I agree that as we age we can lose some insight. I think it is a good idea to have someone younger listen to our thoughts and see what they think about it.
Sounds like a very considerate person and had a great plan in place for her to be able to cope after the emotional loss Cheers 🍷🙂🌺
Your friend with the car did not raise his kids properly. If my parents were to give my daughter or son their fancy car, i would stop that deal right there and then. Your friend cannot help his mental decline and part of that mental decline is to not be able to fully evaluate decisions. But his kids should be able to help. He is being taken advantage of 🤦♂️🤦♂️🤦♂️
Thanks for sharing
I never understood grown able bodied adults who have kids relying on their parents for money, that’s an extreme privilege. I’ve always had to work hard and take care of myself and my kid 100% on my own
Sounds like you have done a great job , we never asked ours for money either Cheers 🍷🙂🌺
My in-laws refuse to sell their house. They are so frail that they can't climb the stairs and have fallen several times trying to get into the house. Like you mentioned with your parents, now my in-laws are past the age of selling the house. It's a terrible thing to witness.
That is so sad but reality hope you are having a wonderful weekend Cheers 🇺🇸🍷🇨🇦🌺🍺
Very well said😊. I learned a lot from you too. As we age, we're not able to bounce back easily from consequences of poor decisions.
Well said! totally agree have a wonderful weekend Cheers 🍷🌺🙂
I count on stop driving when turning 70. Just hoping fully automated self driving technology will be ready before then.
We’re thinking about moving to an apartment at some point but a friend was telling me that apartments often go up one or $200 each year. Has that been your experience?
No it is not if rents went up crazy who would rent them. Landlords want steady tenants
My husband and I sold our home here in the US and are downsizing from 4200 sq ft to a 1400 sq ft apartment. Whew! What a process it has been and I had tremendous difficulty with anxiety after we made the decision and it became real. We were both surprised at how emotionally fragile I became and I sought a therapist (at my daughter’s suggestion) and started taking an anti-anxiety medication. Now, I a, feeling better and the more we sell and give away, the freer we feel.
Your comment about waiting too late to make such a move is so true. I am 70. If we had waited a few more years, my husband would not have been able to blast me out of this place and it would take our children months to clear out this home.
Thank you for your channel. You are truly an inspiration and source of solid advice.
We wish you all the best with your decision Patsy sounds wonderful we love our apartment , but yes the older you get the harder both emotionally and physically it is to do it Cheers 👍🌺🙂
Great video! Oh I bet if your friend had a heart to heart with granddaughter she would understand completely! He could keep his pride and joy and those 2 pick out something together for her. He could simply put it in his Trust to her.
Thanks as always for good retirement advice!
The book sounds very interesting and I would enjoy reading it to improve diet and hopefully live longer in retirement because of it:)
It is an interesting story and dilemma
I have commented before and would love to comment again to perhaps when this. At retirement, if we want to enjoy a long healthy time we need to focus on our diet and exercise and health.
We agree Patty have a wonderful weekend Cheers 🍷🌺🙂
You guys are a "hoot" !!!! You always make me laugh and smile. Thank you so much ! Stay healthy and safe. And keep the stories coming ! 🤠🍷🍷🍺🍻☕☕🍓🍓
Glad you enjoy them have a wonderful week Cheers 🇺🇸🍷🌺🇨🇦🍺
We could use more people like you in this world.
Thank you so much we appreciate your support Cheers 🍷🙂🌺
The property prices in the UK have made downsizing a challenge, if we sell our 4 bed house we won’t have enough capital to downsize to a decent small apartment, renting really isn’t an option as rents are high and rising. I suggested that my kids built a granny annexe for us, they were horrified, I was joking😂
Property prices are crazy here in Canada 🇨🇦 too , we are fortunate having rent control definitely helps hope you find a solution Arnold Cheers 🇬🇧🍷🇨🇦🙂🌺
A granny annexe may be an idea Arnold. 😀
We were experimenting filming this episode on an iPhone, unfortunately the camera app has some short comings and missed focus and oversaturated the image....back to our usual camera next time until Apple sorts out the iPhone 14 camera software! Thanks for watching we do appreciate it. 😀😀
Ah, the filming was fabulous! 😊👍
Thanks Rusty 🙂
@@ThisIsOurRetirement Welcome!
I’m interested to know why you didn’t buy an apartment instead of renting one?
We sold our big family home and we’re able to buy an apartment outright with the profit made after paying off the mortgage. Rents in Australia are huge for apartments and they’re not secure at all. You can be evicted at anytime as a renter. The rental increases currently are enormous. Maybe our system is different to yours? Wouldn’t it still be better to own an apartment? Our outgoings are quite minimal in comparison to a home. The utilities amounts are so much smaller living in an apartment too. Just curious?
We didn’t want to own again as we wanted to get rid of home ownership and unexpected maintenance and expenses, renting to us is freedom of all that and we can just travel when we want. Having rent control is wonderful and what we pay is Grandfathered in from 7 years ago Cheers 🙂🍷🌺
@@ThisIsOurRetirement thanks for that reply.. you’re very fortunate with your rental arrangement. We have an annual corporate body levy that covers maintenance etc so we don’t do any.
We love listening to you both. We have 1 1/2 year until retirement. You have helped us to prepare. Our health is also what we are working on.
Thanks so much Jennifer glad you are finding our videos helpful Cheers 🍷🙂🙂
I retired 6 months ago and regretting it, finished all my home projects(not her’s) and looking for a new job!…..nobody want’s me because of my age, I’m going nuts all day alone with her!!!......thinking about starting a channel “Don’t Retire!..Here’s Why” LOL....glad you guys are happy…..keep up your good work!……
Thanks for sharing Mark Oh dear you need to find a new project LOL 😂😂 a You Tube channel is a great idea we are loving doing it Cheers 🍷🙂🌺🍺
Weight loss is tough.The gift is retirement you will have time.
If your able, eat home cooked whole food meals,
(try to decrease processed foods)
remove enriched white flour, and all process sugars.
Walk, hike and think about a brisk walking pace.
(Just thinking this, as you walk, will increase your tempo)
Me 17-24 months later:
Before: 237 lbs 5'10 39/41 inch waist high blood pressure 65 years old
After: 164 lbs 5'10 32-34 inch waist now no meds and almost 67 year old
Sound simple eh?~ Not~ Took me 25 years to get around to it!
When the time is right you can do it.
So get trying and enjoy the results.
You will succeed as long as you never give up even if you fail many times.
I wish you all well. 🖖🖖🖖🖖🖖
That is very impressive 👏 we follow a lot of what you say , as you say keep trying Cheers 🍷🙂🌺🍺
Very sound advice. Also be careful of taking on too much child care for your kids, you can feel pressured into helping them but they can end up expecting you to be a full time carer of your grandchildren that will use up all the time you thought you'd have to enjoy in retirement.
We agree Frank
Hi Tina & Norm. I've been away from TH-cam for 3 wks because my mother passed away suddenly 💔 on May 25. Trying to catch up on my favorite channels. Oh my the mess we have inherited. Mom lived in same house for 50 years. She has things stuffed everywhere dating back to the 50s. Silly junky things. Even though I had been helping her clean out & organize over past 7-8 years, there was/is still a ton of junk. Please encourage people to give treasured items away before they die, keep clutter to a minimum, and don't keep stuff you no longer need or use.
We are sorry to hear about your Mom Candy 🌺clearing a house like that is a huge job which Norm did also when his Dad past away nice to have you back Take Care 🌺🙂
Our kids are 49, 46, and 42. The 46 year old daughter moved back with us after 20 plus years away due to health problems. She pays a little rent. We know
people our age (we're in our 70's) who are still working because they can't stop shopping. We're in a 2BR condo near O'Hare airport. Tina, Al's wife
It’s ok to help out when needed we are sure your daughter appreciates your help Tina , thanks for watching have a wonderful week Cheers 🇺🇸🍷🌺🇨🇦
He needs to replace those tires....ASAP 12 years they have aged out...safety first for that granddaughter.......He could possibly buy her another car instead!!!
Thanks for the info Paul Cheers 🍷🚗🙂🍺
Hi Norm and Tina! Greek Food festival in Kitchener this weekend! ! My wife and I both need to lose a little weight! Tough in the summer. Maybe that book could help us! Cheers Norm and Tina!
Sounds delicious Paul we love Greek food , hope you enjoy it and have an awesome weekend Cheers 🍷🙂🌺🍺
We would consider downsizing in the future.. we now understand the old saying of old peoples bungalows... no stairs to climb. Great channel Tina and Norm and greetings from the UK.
Thanks so much for watching!
"Bank of mum and dad" is one thing, but what about being orphaned with two living parents? Certainly in my life my father lined his own pockets at the expense of being a responsible parent A millionaire with 5 kids who never supported them properly at all even as infants, and that the woman he ran away with didn't know he had until I showed up looking for my estranged father 25 years later!) at the neglect of his children (from age 3 in my case) my mum tried her best to care for us but she gave all her inheritance to her brother to gamble and drink away and it was a significant sum. Meanwhile the children have to fight over any little bit of inheritance they might have been entitled too because neither parent makes proper wills? Worse still the youngest of 5 (me) has to suffer at the hands of my elder siblings who had already learnt well in life that " know ones looking out for ya" to just steal what isn't nailed down in the family home fiddle the welfare system, fiddle critical illness benefit and a plethora of other sociopathic tendencies, grabbing whatever you can get your hands on because our parents ain't looking out for any of us properly, so it's dog eat dog, steal from your youngest brother, including their home, teach them a "REAL" lesson in life! How's that for a scenario that makes you "financially independent"? Is independent the right word? Or is it running scared of everyone? Because if your parents can do this to you, and then your siblings....who can you trust? Its a messed up my life well and truly. I never wanted kids because of the circumstance of my upbringing, so now I have utterly know choice but to take care of myself in every way possible, as knowone else is going too and so the cycle goes on. Well not in my case as I learned not to start a family. After all look at how they all treat each other!
Thanks for watching have a great day Cheers 🙂🌺🍷
Been considering a move to a condo for a while. My paid for house is small but old and falling apart. But even all the repairs don’t cost as much as what they want for rent these days and real estate is astronomical as well. Lot of homeless seniors because of increased rental prices. Seems my only choices are a rock and a hard place.
We are fortunate having rent control ours only goes up about $25 a month on the yearly increase . When looking at Condos just watch the HOA fees we have a video on that coming out soon , good luck with your plans Cheers 🍷🙂🌺
We are in a one floor house ! We made fun about scooting through this house in a wheelchair one day and thirty years later the time is almost here as the legs problem keeps getting worse ! I think I mite switch with my kids two bedroom two bathroom apartment and they take the house as my daughter loves the house so much ! She is our only child and In a short time I feel , we will have to make that decision for her , husband and two kids and our selves ! It will be a huge adjustment but at least we have that to consider ! They would just have to pay their mortgage to their bank until the apartment is payed for ! I will not contribute to that ! We helped them set it up with down payments on both side of their family! It is so hard to own a piece of real estate in Vancouver that if you like you child to be around in your life , you must try to help them and luckily we could do that ! The older you get the less money we spend ! We did only do one contribution when they bought their place and now it’s up to them . But the grand kids , they gets less too with spending money on them ! No more shopping with grandma as I can’t stand up for long ! Well for everyone it’s a different situation of course and we hope we get to stay a little longer in the house as husband loves to garden . But on the long whole , it looks that that plan mite have to become a reality one day if life permits us and as we get older ! How kind of the lady to send you the book ! And too bad it got to sit at your post box 8 months ! Let’s be unnest , you could of been on perfect weight for the sumner Norm and Tina ha ha just kidding ! Well I think that both of you are perfect already and at a older age don’t do any drastic dieting as things mite trigger ! Thank you for being here for us to compare and exchange stories! It is nice to read what other people our age are doing with their life’s ! Thank you so much again ! ❤👍
That actually sounds like a great plan doing a swop house for apartment with your daughter if the money side works out ! hope you have a great weekend Cheers 🍷🙂🌺☕️
@@ThisIsOurRetirement it will , we have pensions and some real estate in Vancouver! So we will be just fine ! Yes enjoy your weekend too Norm and Tina ! And we look forward to see you again when ever you can in a vlog ! You are doing a great thing for us retirees !
Hi Ellen. Please make sure you and your husband get legal/estate advice. I am no expert, but if there are advantages and disadvantages to handling this situation, you need to be aware of them. Please check into things legally.
Please consider us for your book - I tried the link to order myself but it’s not available in the U.S. …boohoo…I guess with Norm and Tina is the only option :)
Thanks for watching have a wonderful weekend Cheers 🇺🇸🍷🇨🇦🌺🙂
To me, I guess different people have different perspectives in life very much so depending on our socio-cultural beliefs. I would have done differently if I were younger (from the stories that were told). But things are changing; we might be different worlds apart from where we come from, but in essence all of us would make decisions based upon what we think would be the best for ourselves and for those seeking our help and advice. Cheers!
Thanks for sharing your thoughts.
Always the most insightful topics well presented. Can't wait to see you hit 100K subscribers :)
Thanks Paul we would love it ❤️and be very excited to get 100K subs have an awesome weekend Cheers 🍷🌺🍺
Why did the retired couple start a cooking blog?
Because they finally have time to perfect their recipes and spice up their retirement! 🍳 Share your favorite dishes...
Great way of looking at it , retirement can be a whole new adventure to just enjoy Cheers 🍷🙂🌺
Hey Tina and Norm, we have not heard any news on travelling. Is it because you are throwing away all your money on rent, ha ha ha. I would to request your book for better eating habits. Having gone through 2 strokes since February this year you have to take better care of one's self. The high blood pressure is a factor now more so than before so eating better is the number one must do. I have learnt to cut out and or cut down the consumption of coffee, alcohol and red meats. Replacing them with more beneficial items like juices and teas and so on. It's hard to change your ways but it's your life you have to consider.
Still working on the travel front no firm plans yet , hope the bus starts again soon Cheers 🍷🙂🌺
I agree with you about downsizing but why not to buy a smaller apartment instead of renting it. I could still keep half of the money from the house for investments or cash. However, paying condo fees and property tax would still be cheeper than paying rent, so I would save money on housing cost. Plus the property value will keep appreciating so there will be a capital gain at the end which is another way to be invested and not to pay any tax at the end because it is my principal residence. Just wondering what are your thoughts on that route. Thanks for making great videos as always!
We wanted to get rid of home ownership, maintenance and unexpected expenses plus it gives such freedom to travel with no worries . We are not fans of Condos due to the unpredictable HOA fees which can be raised anytime ! have a great weekend Sonia Cheers 🍷🌺🙂
It would be nice to receive one of your gift books for health and well-being guides. In my youthful years I generally had lived a healthy lifestyle . Through the years had gone, life experiences things have had change in my lifestyle and it is causing me new illnesses of which are mainly can be avoided through a healthy lifestyle specially how , what, and when we handle our food and or caloric intakes. I watch your you tubes and always eagerly waiting for your next release. Keep it up your great works.
Thanks so much for watching yes sometimes we all have to changes habits especially if they are causing health concerns, the contest for the book has closed and was won by Sandi Hunter have a wonderful weekend Cheers ☕️🌺🙂
Woohoo! Thanks for the give away. I need to get off the yo-yo too. My family suffers with obesity and diabetes and though I’ve been thin all my life, aging has made this a whole need game!! Love your channel.
Think the putting on weight seems to be normal as we age , we are fighting that too Christine Cheers 🍷🙂🌺
I am pondering topic number 2. Sell the house and downsize. I'm 67. Not quite there but maybe before 75?
Something to think about, have a nice weekend
I've enjoyed your you tube channel and the positive attitude regarding retirement.
You both are the cutest couple ever.
Thanks for the positive retirement info.
My husband and I live in Winnipeg and recently retired.
Our pleasure! Congratulations 🥳 on your retirement Cheers 🍷🌺🙂
I love watching you two. I'm retiring at the end of this year and have gotten many good tips by listening to you. Thanks and keep advising us! ❤
So glad you enjoy our videos Merenie have a wonderful weekend Cheers 🍷🌺🙂
I’m retiring too Merenie at the end of the year , yeahhh .
7 months to get a package. Definitely snail mail! Love watching your videos!
Thanks Lisa have a wonderful weekend Cheers 🍷🙂🌺
If you want your hair to grow back, you need more red meat for the B vitamins.i take B100 time released & doubled the volume of my hair.
Thanks for the tip Valerie!
Yeah running the same tyres for 12 years is a bad decision imo.
Our son works for one of the big tyre mobs and conventional wisdom says that about 7 years is as long as you should run tyres even if they have plenty of tread left.
We just swapped the tyres on the rev limiters vehicle as they were about that old even though they looked fine.
You can actually tell when the tyres were produced from the marking on the side of the tyre.
Thanks for sharing have a wonderful week Cheers 🍷🙂🌺🍺
I really would love to get this book because I desire to put my health in the first place. I really wish to be a fit elderly man when the time goes by. God Bless both of you. I admire of you as a couple and I hope my wife and I would be like you. :) :)
The competition is over, we already mailed the book to the winner. Thanks for watching.
I would love to receive the book. Thank you for the opportunity. Now that I have been retired for almost six months it’s time to work on my health.
Congratulations 🥳 on being newly retired, yes we all need to work on the health but Cheers 🙂🍷🌺
I guess we all have to live with our decisions good and bad one's of which i have made many. I was very generous while working ..now i find i just cannot be so.. its hard for family and me to adjust. 4:51
It’s good you realize your present situation, thanks for sharing Maryjoan
Hello to the both of you, your channel is one of four I watch regularly. I would love to win the book 📖. I am a wits end trying all the diets that are safe for me to do with my medication for my lungs and heart ❤️.
Entered! Good luck!
love your videos, we made too many costly mistakes finding the right house. Julius from Fl
Sorry to hear that Julius , hope you find the fight place to be home Cheers 🇺🇸🍷🇨🇦🌺🙂
Or perhaps co-signed for the granddaughter’s loan on her first vehicle would have been a teachable moment in finance for her.
That’s a good idea Mary thank you Cheers 🙂🍷🍻
interesting to follow your retirement decisions guide so useful
*full view every time🤖Au💯👍thumbs up👍*
Thanks for the visit Billy hope you are having a wonderful weekend Cheers 🇦🇺🍷🇨🇦🍺🌺🙂
Great video today! Loads of good information and wise advice. I've got the countdown app on my phone and we're just under a year away from my retirement!
Countdown app to retirement sounds great Mary , we are sure it will go fast thanks for watching Cheers 🍷🌺🙂
Johnny Cash - wow your tee shirts do represent all genres!!! Can I win that tee shirt?
Bang on advice as always - thanks again.
Your welcome Rick glad you enjoyed it Cheers 🌺🙂🍺
Tire safety alert: I am not selling tires but everyone should know that old tires with low mileage can still be dangerous as the rubber dries and cracks over the years. 12 year old tires are past their prime and need to be replaced for safety.
Thanks for sharing the info 👍
Would love the book! I’ve been walking 10km a day, and have gained weight!😢
Funny how that happens we walk most days , and we aren’t loosing weight either Cheers 🍷🙂🌺
Gosh we are planning on retiring andd upsizing!! Are we mad 😂 but i do anticipate another move in our 70s
We are all different Cheers 🍷🙂🌺
Tell your friend that on his deathbed his final thoughts won’t be about his scrap of metal on four wheels but his granddaughter and other family members. Perspective!,
Very true El
My sister just sold her house in Surrey her husband died a few years and she rushed out met a guy who sold his house moved in with her they put a lot of his money in to house fixed it up .They got a high price for it and are moving to Lincolnshire middle of nowhere brand new house much larger why dont know she is retired older than me .I have big house when I retire will sell or rent it out and travel to much work to upkeep .
We just have to think through our decisions
It is so true as you age you need your money. With high inflation here in Ireland we have noticed our pensions not stretching as far. So you have to be careful with your savings. We already lost a lot on Bank shares before we retired so it has made us cautious. We have no children but were always decent to nieces and nephews now adults. But we only give Christmas gifts now and there are two great nephews which we love buying items for. A car seat is now around 300 euro. But cheques for 1,000 euro, those days are well and truly gone. In fact, one nephew is extremely decent to us which we greatly appreciate.
Have a lovely weekend.
Sorry to hear of your bank loses Mary rose , have a wonderful weekend Cheers 🍷 🇮🇪 🌺🇨🇦🙂
Perhaps the grandchild would prefer a different type of car, I wonder if it’s not too late for the Grandad to offer the choice of his pride and joy or cash. He could help the Grandchild search.
Thanks for sharing have a great week Cheers 🍷🙂🌺
I have an elderly neighbor who owns a seasonal second home next door to my second home. It's difficult in that town to find anyone in any contractor or service based line of work that is reliable or isn't part of the "underground economy". It's all "cash".. So when I cut my grass, I cut her grass, when I snowblow my sidewalk and driveway I do hers etc. While I'm a tad bit younger than both of you, I'm kinda sorta thinking about future moves myself and looking at senior type apartment towers.(there's a long waiting list).Since home ownership especially when the home next door or across the street sells , possibly goes rental instead of owner occupied and the new neighbors turn out to be nightmarish , with barking dogs all day, loud music and possibly dealing drugs you look at different living options very quickly.
Well done Mark, helping out a neighbour is awesome. Being able to imagine your future is anticipating and heading off problems.
Good advice. Could use more of this type of vid on aging and what to look out for
Funny on the renting, I’m going to rent also 😮
We love renting Jane Cheers 🍷🙂🌺
Such sound advice. I couldn’t agree with you more.
Thanks for watching Cheers 🙂🌺🍷
Such relevant and appropriate points. Strategic planning and thinking will diminish with age, which is to be expected. Also losing the impetus to move home when you really should. Recognising this earlier in retirement should help you plan for that future. Thanks for raising such great points.
Thanks for watching and commenting Dean have a wonderful weekend Cheers 🍷🌺🙂
Love you two; you are so funny. I remember my dad, quite a car guy, fixed up and gave one of my uncles and one of my cousins each a nice looking car. The guys kept the cars for a short time and traded them in on big, fast clunkers. Dad was so angry. I didn't get a car, because parents divorced ... I think of your friend in this light and wonder if he might want to talk to his granddaughter about his pride and joy. She might not view the car as such and might be happier with something else that he could buy for her, allowing him to keep the car he loves. Husband and I are older than you and we have chosen to continue living in a house. We purchased a much newer and more accessible house than the one we raised the kids in. Our thinking is that we own it, it is paid for, and no one can be the pain in the neck neighbor sharing a wall and no one can raise our rent (although taxes do go up) and no one can evict us. Two schools of thought, neither wrong. Thanks for a great video.
Giving cars can so be emotional
Great advice I will listen to regarding “helping” with money.
Glad it was helpful! have a great weekend Cheers 🍷🙂🌺
👍👍✌️. The bank of mom and dad. Like you said when my wife and I were working it was easy to help out and we did. Different story now and they are fine with it.
You got that right! have an awesome weekend Cheers 🍷🙂🌺🍺
No thanks.....I'm on a see food diet I'm quite happy with
Just watch out for the sodium on the see food diet😂😂
Hi Tina and Norm! I just love your videos! I am getting close to retirement, 4 more years! I would love the book, I have been on the diet yo yo since I was a kid! lol hoping to conquer that before I retire! 🙂Thank you for your videos and all the great information!
oops! just saw you have a winner! lol
4 more years that’s awesome 👏 it will go really fast , thanks for watching have wonderful week Cheers 🌺🍷🙂🍺
Great Video. I would love the book. Can use all the help I can get to stop the yo-yo.!!!
You're in! have a great weekend Cheers 🍷🙂🌺
Reading is a favorite hobby. Plus I need to lose 25 pounds.
Good luck Teresa
I guess that finding an apartment that is in a larger more stable building is important. When I think of renting, my first thought is that of the dumpy low cost apartment that we stayed at trying to save up a down payment for a house back in the 80's. It was a 5 family house with the landlord living on the first floor and their adult daughter with her family on the 3rd. We and another couple had apartments on the 2nd floor. There was also a small studio apartment on the 1st floor. These landlords were like slum lords! Half the time I'd come home filthy from work to find that the water or hot water wasn't working. Being a tradesman myself I would offer to repair what it needed if they just paid for or obtained the parts. They always refused and the old guy who owned it would tinker around for days before it was patched. Luckily I had family in the next town where I could go to shower! It was a nightmare living as a tenant this way and the 80's were a housing bubble in the US. I finally found a place that needed a bit of work but gave me the chance to start. I put a lot of work into the place but it's my own. After renting under those conditions, I dread the thought of being a tenant again! It sounds like you have found a place that wouldn't present the problems that I did. After 36 years I'm starting to lose the enthusiasm of being a homeowner though I do prefer not to nave neighbors too close! 😊
Times have changed, do you think Manhattan apartments are dumpy?
@@ThisIsOurRetirement I guess that it would depend upon where in Manhattan that you're talking about. I wouldn't want to live there, but would expect that most apartments would be smaller than in the suburbs.
I’m so grateful we downsized from an acreage property in Sydney to an apartment in Melbourne by the sea, in our early 60’s. If either one passes the other one can easily adjust to the apartment that is already ‘home’. We can walk to every thing we need, it’s wonderful.
I agree totally Re not continuing helping adult kids. I get tempted at times but realise our $$ won’t replenish and they need to make adjustments to their ‘lifestyle’ to cope better financially. It is good for them to learn that they don’t ‘need it all’ now!!
Very good topic today.. Thankyou!
Sounds great and great planning
i would love the book please A lifetime of yo-yo dieting. Love watching you two
Glad you enjoy our videos Cheers 🍷🙂🌺
I would love to get off the diet I am on now. The book sounds like something I would enjoy reading
Thanks for watching Cheers 🍷🙂🌺
My advice is when you give something treasured as a gift, don’t expect the receiver to have the same attachment. My 80+ dad gave a truck to my son who liked the gift but hated driving a big truck, paying a lot in gas and it did not fit into his building parking. Most of all, my son was busy with school and work and although he maintained the truck well it was not washed and waxed weekly like grandpa had. Most of all, my son wanted “his own” car, not driving grandpas pride and joy. Plus, to some people (my son as an example) a car or a house is NOT an extension of your identity, to others it is a tool, and you swap out tools as you need them to suit needs- especially when you are building your life and still forming that identity versus having a strong identity.
Thanks for sharing your story have a great weekend Cheers 🍷🙂🌺
Wonderful stories, your videos are always relaxing and interesting!
Thanks so much Carol have a great weekend Cheers 🍷🙂🌺
I have been yo yo dieting for years. I am not heavier than ever. Love your Johnny Cash, Norm.
Glad you liked Norms shirt have a wonderful weekend Cheers 🍷🙂🌺
3 very good stories to learn from.
Glad you like them! have a wonderful weekend Cheers 🍷🌺🙂
That looks like a great Book Club read. The title alone would be fun to discuss with all the ladies. Enjoyed today's video. We have 6 children through our second marriage. We said right from the beginning we would not put ourselves in financial bind by helping them out. It has worked wonderfully and they are all living around the world and financially independent. It's difficult to say no but you have to. They might be unhappy at first but they begin to understand. Our parents were never in a position to help us out and to be honest we didn't want their help, we wanted to be independent. I see friends who are too generous and not struggling with their own situations.
It would cause a few laughs at the book Club Sandi, thanks for watching have a wonderful weekend Cheers 🍷🌺🙂
Hi Sandi you are the winner of the book 🥳👏please see our community post on instructions to send us your address 🌺
@@ThisIsOurRetirement where do I find the community post?
Yay. We can win the book. How nice of the giver. The older we get the harder it is to lose weight. So I’m curious of her tips. Love your shirt norm. And I like your advice to be more mindful of what you may obligate yourself too. ❤❤
Thanks for watching Kathy have a wonderful weekend Cheers 🍷🙂🌺
Thank you for the real lowdown on retirement! I would love the book, I really need to get off the yo-yo diet.
Best of luck! have a great day Jim Cheers 🍷🌺🙂
Good advice!! Btw Tina your hair color is looking good.😊
Thank you so much 😀 Suzanne ( just back from the hairdresser and new highlights).
Side note: Tires need to be replaced every 6 years. The rubber begins to break down ("dry rot") and cracking starts in the sidewalls. All tires have a date of manufacturing date code - more info by googling.
Thanks for sharing Marley Cheers 🍷🙂🚗🍺
Glad you mentioned that. I was going to say the same thing. Old tires can be very dangerous.
Story #3 is most important. Always look after ourselves first and foremost. Can't rely on family to look after you and reciprocate the good deed you did for helping them out financially. I know someone, a single mom who contributed her entire life savings to help her only child to buy his first condo. That son did not hesitate to kick her out to the street after she encountered conflicts with his lazy, stay-at-home girl friend who sleeps and smokes all day long.
Wow that’s awful thanks for adding your story a real eye opener have a wonderful day Cheers ☕️🌺🙂
“Throwing away money on rent”😂😂😂 love you two fellow retirees.❤
Thanks Nancy
Definitely one of your best videos. These are conversations that need to be had for us in retirement…or close to retirement. Thanks for sharing!!
Thank you your very welcome have a wonderful weekend Cheers 🍷🌺🙂
Yeah i agree. Don't be blinded by love to get yourself in hot water over. Im so glad i found this channel because Tina and Norm have made retiring and those type of decisions manageable.
Glad you enjoy our channel Cheers 🍷🙂🌺
❤love your channel. We have both just recently retired!
That is awesome! Congratulations 🥳 have a wonderful weekend Cheers 🍷🙂🌺
Please consider me a recently widowed senior for the "Tarts and Vicars Diner" . I have read the Wealthy Barber by David Chilton and found it to be a very valuable resource. So I feel this book would have be a valuable resource, if the author was guided by David Chilton. Thank you and enjoy your day.
The Wealthy Barber is on our favourites good luck Linda have a wonderful weekend Cheers 🍷🙂🌺
Norm is wearing a Johnny Cash T Shirt???!!!
He likes Johnny Cash Frank have a great weekend Cheers 🇺🇸🍷🇨🇦🙂🍺
Thank you for these we all know it takes lot's of work to do this. Have an awesome day.
Thank you! You too! Cheers Alan 🍷🙂🍺
My husband and I agree (sort of) that we will need to move from our rural property to the nearby small city in the next 5 years or so. Having moved numerous elderly relatives who were in denial about their abilities left it too late, this is top of mind. But lately we are having second thoughts due to the astronomical rent increases in our area, and equally astronomical price increases for condos. It's a tough call.
it is a difficult time to move home
The knowing when to move is a tough one. We have been in our house 36 years, we moved here when our oldest daughter was 4 and our youngest had just turned 2 the month before. At 1,200 sq ft (111 sq metres) it's not a large house but has suited us for all these years though we did big reno 15 years ago so it was in tip top shape for our retirement. Now our grandchildren, 8, 6 and 1, come regularly to visit us at the same house their mothers grew up in. We both turn 70 this year and logically, in our minds, we know a move is coming in the next few years (to a condo maybe?) but it is daunting to think about actually moving. Honestly, I don't know how we'll finally decide it's time to move. Perhaps it's like knowing when to retire, one day you just know.
It is a big move to downsize from the family home but we looked at it as a whole new chapter we were 60 and 58 it was time for new owners for our home . We have never looked back life is so different we can go travel whenever we want no stress or worries of home ownership it works for us . Yes you get the feeling you know it’s time to do it ( don’t leave it too long ) Cheers 🍷🌺🙂
When we turned 70 we sold our house and moved to a beautiful adult community..still bought a new house, but facilities for grass cutting and snow clearing are readily available. About two years before we moved, we started getting rid of 'stuff' that we didn't need anymore, and really started emptying and decluttering our house, but we did it gradually and by the time we made our decision to move, it was so much easier...it is never too early to start the process...
@@annekennedy8127after seeing this video, among others and just general thoughts, my wife and I had a good discussion about when to move. Current thinking is to move within the next 5 years, it will still be hard to leave the home we will have owned and loved for 40 years by then. We are only the 3rd owners of this 1958 house, it's a very stable neighbourhood we live in. When we moved in all those years ago almost all our neighbours on the street were still original owners, the woman next door, in her 90s now, is in fact an original owner. You don't see that much anymore.
@@annekennedy8127 An update... We've been kicking around what to do knowing it was getting nearer to the time we should move but I have to say we were really unsure after going on 40 years in our current home. After this discussion, and on some other blogs I follow and participate on, we understood that for sure staying in your house too long can be a problem and we were getting to that point. We started looking at condos shortly after this video was posted and we quickly narrowed down what sort of condo we wanted and where. I am happy to say we have an accepted offer on an adult condo building about 2km from where we live now and our house goes up for sale next week. The cost of buying the condo is about 30% lower than what the real estate people valued our house at so even after expenses there should be cash in the bank at the end of the move. It's not even really a downsize as the condo square footage is about the same as our house. It's the right thing to do.
But now just a one bedroom to rent is well over 2k. 😮 In addition, the average condo to buy is well over 700k!!
There are deals to rent a lot lower you just need to consider moving to a different area where they are lower Johnny Cheers 🍷🙂🌺
@@ThisIsOurRetirement Luckily I don't have to. Retiring in 3 weeks! DB teacher's pensionis quite good. I love ❤️ your videos.
Congratulations 🥳 on your retirement 🌺
Hi you two! Tina’s new haircut looks amazing. Very uplifting length. Norm, not sure if you noticed but the video today was blurry. Great content as always!
Thank you must be the new highlights Tina got from her hair dresser! yes Norm did we were filming on the IPhone 14 instead of the usual Canon RP , we were trying it out but seems needs some tweaking as it focused on the lamp more that us LOL 😂😂 Cheers 🍷🙂🌺