Serious question for all: Who ever gets bored? Honestly, I can't recall a time in my life (except perhaps in junior high) that I got bored. How is it even possible? There is always so much to learn and to do that it is unfathomable that I would ever get bored. Anyone? Please explain when you get bored. I'm serious and curious. 😊
Thank you for covering non-financial aspects of retirement. I don't think any of these will be an issue for me. I'm an introverted loner by nature and, while my job is fine, I won't miss it one bit after retirement. Travel, volunteering and just doing whatever I want will be enough for me. My purpose in life has never been my job.
Hahaha looking at the pavement for happiness. Funny because I retired 22 years ago at 45 and one of my pleasures is a 2 hour walk everyday looking at the pavement. I have Asperger's and yeah that hyper focus is very enjoyable. Japanese call it wabi-sabi. And all the great philosophers I know of promoted struggle and simple living for happiness. Has worked for me (I came to that conclusion on my own however). Transitioning from earning/saving to spending is something I still am working on. But I've known people older than me who kept earning because they enjoyed it. It's only when working for others that work can become a problem. If you work for yourself and don't need the money it's a hobby. I slow flip houses for fun and if I don't work on a house for a couple years...no problem. Learning new things, yup, endless fun. But I think that's a natural thing people have or don't have. Most people seem to be interested in nothing and revert to drinking, eating and gambling to feel anything. You can tell those people to get more interests...but they can't. These are people to avoid too because they try to suck entertainment from others often via creating drama...endless drama.
Interesting video, thanks. It struck me before that the pandemic actually helped me with a couple of these things, since it caused me to work from home for most of the last 3 years before I recently retired. Because of it, I was spending more time alone and less time with the coworkers, so it gradually weakened those coworker relationships. Some people say to ease into retirement by working part time but I think the pandemic work from home had the same transition effect.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly
I love this video because it addresses many aspects of retirement that most people looking toward that part of their lives aren't thinking about. Thank you sir!
Some good points. Especially that a paid off home, no debt and an 835 FICO are meaningless when you are trying to finance pretty much anything once your job income goes away.
This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $460k outside funds in my IRA to invest in stocks. Pls how do I take advantage of the market turnaround?
Contact us for free retirement planning session streamlineplanning.com/start-here
Serious question for all: Who ever gets bored? Honestly, I can't recall a time in my life (except perhaps in junior high) that I got bored. How is it even possible? There is always so much to learn and to do that it is unfathomable that I would ever get bored. Anyone? Please explain when you get bored. I'm serious and curious. 😊
Thank you for covering non-financial aspects of retirement. I don't think any of these will be an issue for me. I'm an introverted loner by nature and, while my job is fine, I won't miss it one bit after retirement. Travel, volunteering and just doing whatever I want will be enough for me. My purpose in life has never been my job.
Love being alone
You can do whatever you want
Hahaha looking at the pavement for happiness. Funny because I retired 22 years ago at 45 and one of my pleasures is a 2 hour walk everyday looking at the pavement. I have Asperger's and yeah that hyper focus is very enjoyable. Japanese call it wabi-sabi. And all the great philosophers I know of promoted struggle and simple living for happiness. Has worked for me (I came to that conclusion on my own however).
Transitioning from earning/saving to spending is something I still am working on. But I've known people older than me who kept earning because they enjoyed it. It's only when working for others that work can become a problem. If you work for yourself and don't need the money it's a hobby. I slow flip houses for fun and if I don't work on a house for a couple years...no problem.
Learning new things, yup, endless fun. But I think that's a natural thing people have or don't have. Most people seem to be interested in nothing and revert to drinking, eating and gambling to feel anything. You can tell those people to get more interests...but they can't. These are people to avoid too because they try to suck entertainment from others often via creating drama...endless drama.
Interesting video, thanks. It struck me before that the pandemic actually helped me with a couple of these things, since it caused me to work from home for most of the last 3 years before I recently retired. Because of it, I was spending more time alone and less time with the coworkers, so it gradually weakened those coworker relationships. Some people say to ease into retirement by working part time but I think the pandemic work from home had the same transition effect.
4:12 _"During our careers we develop this set of skills."_
I have a very specific set of skills. ( o.o)
Get good at something new. That’s a good one. Thanks!
The last piece of advice was very good. Thank you.
Great video, Dave. I always enjoy and benefit from the content you deliver.
There are retirees with large streams of income, but these sorts of people usually pay cash for a house anyway.
FRIENDS: Your work friends are actually just acquaintances. The best source for good/deepening friendships is church.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly
I love this video because it addresses many aspects of retirement that most people looking toward that part of their lives aren't thinking about. Thank you sir!
Some good points. Especially that a paid off home, no debt and an 835 FICO are meaningless when you are trying to finance pretty much anything once your job income goes away.
I would think that the majority of retirees are happy to leave the job and they are not missing much of anything or anyone
Thank you, Dave. This is very topical.
No one should be taking a loan out at retirement. Bad idea unless you are swimming in income.
This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $460k outside funds in my IRA to invest in stocks. Pls how do I take advantage of the market turnaround?
👍