4 Uncomfortable Retirement Truths You Need To Hear

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  • เผยแพร่เมื่อ 17 พ.ย. 2024

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  • @AzulWells
    @AzulWells  ปีที่แล้ว +110

    Be careful of scammers. In the comments, I will NEVER suggest you contact me, offer any investment products, recommend an adviser or anything similar. Some scammers ask for investment help in the comments and later, other commenters post how "great that idea/investment/person is" in the replies. This is a scam. Do not fall for it.

    • @sonminorimitsuu2838
      @sonminorimitsuu2838 ปีที่แล้ว +2

      Thank you

    • @maridolvi3723
      @maridolvi3723 ปีที่แล้ว

      I noticed that. You can pick up right away

    • @mikeykpe6123
      @mikeykpe6123 ปีที่แล้ว

      Good advice, Azul. Thank you👍. Australia.

    • @JM.5387
      @JM.5387 8 หลายเดือนก่อน +1

      Lots of sock puppet accounts having "conversations" about financial products in the comments.

  • @susieq8924
    @susieq8924 ปีที่แล้ว +353

    I am 63 and retired at 62, I don’t think I have been happier than I am now in my entire life! The morning after the day I retired, I could do what I wanted to do not what I had to do! After 32 years in the finance business with the same company in a managerial position, I didn’t get so much as a plaque or a call from my superiors wishing me luck! They did not even pay for a little party that my office of four had for me on my last day. That told me how much they thought of my 32 years of hard work and dedication to them ! If you are in a situation that the only reason you’re continuing to work is your loyalty to your job think twice!

    • @daveo9844
      @daveo9844 ปีที่แล้ว +15

      Couldn’t agree more 🍻

    • @basicprogrammer6147
      @basicprogrammer6147 ปีที่แล้ว

      And you're now learning this at 62?
      Well, at least this newest generation will realize that there is no such thing as loyalty.
      All there is is working to make and sell plastic crap to obese Americans, grab as many dollars as you can in the process, and drop out of the rat race as early in life as possible.
      We are looking at some very strange times in the next few years. Have fun!

    • @marks.3798
      @marks.3798 ปีที่แล้ว +23

      Sad truth. Even some of those I helped along the way couldn't even stop in my office and say goodbye. Wow.

    • @alejandrarivera1087
      @alejandrarivera1087 ปีที่แล้ว +12

      I keep telling my husband that!!!

    • @kimisilv
      @kimisilv ปีที่แล้ว +14

      I am so sorry to hear that. Meanwhile we practically dedicate our lives to the success of these businesses. #sadtruth Enjoy the wonderful days to come (that belong to only you)!

  • @jfscotch
    @jfscotch 10 หลายเดือนก่อน +2

    Damn, Azul. When ever you mention that 1000 weeks, it really makes you put things in perspective. Get busy living or get busy dying - Shawshank Redemption.

  • @Casey-summer
    @Casey-summer ปีที่แล้ว +238

    People grappling with the difficulty of meeting essential expenses often encounter this situation due to inadequate savings during their working years. The decisions taken in readiness for retirement carry extensive consequences, as demonstrated within my own family dynamics. Despite my husband and I having equal tenure in civil service, differing investment approaches yielded disparate results. Guided by a financial advisor, We are both retired and still earn monthly from our investments.

    • @mellon-wrigley3
      @mellon-wrigley3 ปีที่แล้ว +3

      Indeed, that's accurate. I'm currently in my mid-50s. My husband and I were on a similar path until a couple of years ago when I decided to shift my investments to his wealth manager. While I haven't quite caught up to his accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.

    • @lilyhershey1
      @lilyhershey1 ปีที่แล้ว +2

      It's regrettable that many individuals lack access to such insights. I understand why people might become anxious. Insufficient information can indeed pose significant challenges. Personally, I've been able to generate over $25k passively simply by investing through an advisor, and the best part is, I don't need to exert much effort. Regardless of economic fluctuations, skilled wealth managers consistently deliver returns.

    • @louie-rose7
      @louie-rose7 ปีที่แล้ว +1

      ​ *@kristenpierce8661* Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.

    • @lilyhershey1
      @lilyhershey1 ปีที่แล้ว +1

      Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ‘Camille Alicia Garcia” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.

    • @louie-rose7
      @louie-rose7 ปีที่แล้ว +1

      I've taken the initiative to research Camille Alicia Garcia online and verify her credentials. I'm impressed with her expertise, and I've reached out to her to share my financial market goals in detail.

  • @ericboike2324
    @ericboike2324 ปีที่แล้ว +1

    54 yo here. Retirement May 5th of this year. I am getting a head start of enjoying everything.

  • @rangerwhite5165
    @rangerwhite5165 ปีที่แล้ว +44

    Retired at 51. It's brilliant. Put a lot of hours in over the years and fortunately it all worked out. When you hit 50 you see friends going, aches getting worse and eyesight getting knackered. You also don't know how many years you have left now, particularly in good health. Once you get your mortgaged cleared, you can pretty much live ok. If you can retire, do it.👌

  • @Stephen-ix2ny
    @Stephen-ix2ny ปีที่แล้ว +40

    Your last uncomfortable truth was in my opinion the most important truth. We only have so many sunrises in our life. I'm 61, retired and living my best life in Japan. I retired early because I decided to be happy and not rich. I made the right decision. I have a comfortable and happy life (for me) with my small pension and social security coming soon. I am truly blessed!

    • @dave434
      @dave434 ปีที่แล้ว +3

      You are so right ! If You're Blessed, You're Rich!

  • @twilde3754
    @twilde3754 11 หลายเดือนก่อน +2

    Dealing with the "uncomfortable truth" -- whenever I rake leaves in the fall of the year or plant flowers in the spring (two things I love to do), I take my time and relish every moment. I don't have many seasons left to do what I love.

  • @Mexicobeanpole
    @Mexicobeanpole ปีที่แล้ว +154

    Your video came up in my feed at a time I needed it.
    I’m 62 and my husband is 71.
    We both are very active and look young for our years, as you do.
    We’re retiring in June, 2023 and we’ve been shocked at some of our friends and family’s reactions to that.
    It kinda goes like this… “the way you both run around, and exercise, and work so hard, what are you going to do all day?”
    My answer has been, take out that work so hard part, and you’ve just answered your own question.
    It’s not like we’re even retiring early, like so many people are doing today.
    But people’s reactions have been puzzling.
    We want to enjoy the time we have left, with more outdoors and healthy pastimes. No more push, push, stress, stress.

    • @tex959
      @tex959 ปีที่แล้ว +10

      I think of two possibilities. One is that people are socially conditioned to live life a certain way, regardless of age. The second possibility is that most people are not very happy and those types usually don't want other people to have too much fun. A lot of that is subconscious programming that they are probably not self-aware enough to realize.

    • @elizdonovan5650
      @elizdonovan5650 ปีที่แล้ว +16

      Enjoy your retirement and ignore the begrudgers. Smile at them and say ... ‘mmm maybe you have a point, I’ll think about that’ and go right ahead and enjoy your retirement in your own way. You’ve earned that right.
      ☘️🌝🌲

    • @taffyalusa4642
      @taffyalusa4642 ปีที่แล้ว +16

      Conditioned in America to live a consumer lifestyle and defined by wealth and income. We are applauded for not taking earned days off in employment (experienced this). Get out while you can, enjoy life buy memories, not stuff!

    • @tq9118
      @tq9118 ปีที่แล้ว +7

      There are people who dare not retire out of whatever fear they have and they project it to whoever dares to do it. Ignore them and just smile. I am 52 and retiring in 3 weeks’ time. It’s the happiest time of my life and I do not intend to let anyone spoil it. Enjoy yours as it’s your happy moment. It takes courage to say no to work and yes to living life.

    • @sammencia7945
      @sammencia7945 ปีที่แล้ว +2

      I am 62 and don't get stressed. I do not experience my job as "push push".

  • @bobfmirvine6652
    @bobfmirvine6652 ปีที่แล้ว +7

    I retired at 60, now 84, love it! Should have retired at 55, we spend less than we thought, we made saving money, getting bargains a game.

  • @Lida-sh6ee6667
    @Lida-sh6ee6667 8 หลายเดือนก่อน +147

    I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.....

    • @BerniecePiette445
      @BerniecePiette445 8 หลายเดือนก่อน

      how do I get in touch with this consultant that assist?...

    • @BerniecePiette445
      @BerniecePiette445 8 หลายเดือนก่อน

      Thanks for the info . Found her website and it really impressive..

  • @rannyorton
    @rannyorton ปีที่แล้ว +305

    I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?

    • @PhilipMurray251
      @PhilipMurray251 ปีที่แล้ว +3

      Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

    • @Robertgriffinne
      @Robertgriffinne ปีที่แล้ว +3

      true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

    • @rannyorton
      @rannyorton ปีที่แล้ว +3

      I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?

    • @Robertgriffinne
      @Robertgriffinne ปีที่แล้ว +6

      It's best you do your due diligence, I have my portfolio overseen by ‘Kate Elizabeth Amdall’ and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.

    • @rannyorton
      @rannyorton ปีที่แล้ว +3

      just copied and pasted her full name on my browser, super impressed with what I've seen so far. thanks for sharing!

  • @albacus2400BC
    @albacus2400BC ปีที่แล้ว +258

    Started putting money aside for retirement a long time ago, but didn't know how to invest it. I currently have $532k worth of cash pile up. Any idea how I can grow it quickly in this economy?

    • @stephenpotter21
      @stephenpotter21 ปีที่แล้ว +2

      Truth is that the market ain't quite stable at the moment, but if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

    • @cloudyblaze7916
      @cloudyblaze7916 ปีที่แล้ว +3

      This is true. I worked as a financial advisor with Merrill Lynch and then as an independent financial manager. I have seen really great profits that can be made by picking the right stocks.

    • @legacymedia8468
      @legacymedia8468 ปีที่แล้ว +3

      Wow. Could you recommend a good financial advisor, since you've been in the business? Perhaps you know one with a good track record.

    • @cloudyblaze7916
      @cloudyblaze7916 ปีที่แล้ว +3

      I know *Sharon Louise Count* is still in the business, and she's been making really impressive profits in recent years. I think she's got a website you can look up.

    • @albacus2400BC
      @albacus2400BC ปีที่แล้ว +1

      Thanks a lot for this. I'm gonna look her up and send her an email. I hope she gets back to me soon.

  • @markbajek2541
    @markbajek2541 ปีที่แล้ว +279

    Absolutely right about waining active years remaining. After 40 your vision starts going , 50 you start to see fatigue and other minor health issues, 60 males start having plumbing/ females topside issues, joint issues, 70's it's increasingly difficult to climb stairs, and your risk of balance/ trip n falls increase and once you break a hip you'll probably slow down significantly. Get out there now and live your life to the best of your ability.

    • @DK-pr9ny
      @DK-pr9ny ปีที่แล้ว +4

      Retirement sounds fun lol

    • @KPad87
      @KPad87 ปีที่แล้ว +6

      I’m 35 and I already have joint pain from my job smh

    • @sammencia7945
      @sammencia7945 ปีที่แล้ว +9

      Fear and negativity.
      I am in the 20% who are positive and enjoy my job.
      I will work until age 70, because I want to.

    • @ehulbert5
      @ehulbert5 ปีที่แล้ว +24

      I’m 67, I ride a bicycle 7 miles everyday, 10-15 on Saturdays. I will retire in June, and leave this corporate kleptocracy for the rest of my life in August.

    • @quirkworks4076
      @quirkworks4076 ปีที่แล้ว +12

      While I agree in general, your deterioration trends are pretty pessimistic. My wife and I have intentionally led very active lives and have always had a "move it or lose it" mentality. Now in our early 60s, we can still do at least 90% of what we've always done. For example, my trail-running times are only down about 10% from my peak (at age 56), mostly because I've just decided to be less reckless, not because of any physical limitation. And my wife still speed-hikes around 25 miles a week. As much as financial planning is essential, so is health planning, and we're planning to go gangbusters for at least another decade, if not longer (I have an 88-year-old friend who I struggle to keep up with on x-country skis).

  • @Riggsnic_co
    @Riggsnic_co 9 หลายเดือนก่อน +109

    I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

    • @TheJackCain-84
      @TheJackCain-84 9 หลายเดือนก่อน

      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.

    • @martingiavarini
      @martingiavarini 9 หลายเดือนก่อน

      This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

    • @bob.weaver72
      @bob.weaver72 9 หลายเดือนก่อน

      Mind if I ask you to recommend this particular coach you using their service?

    • @martingiavarini
      @martingiavarini 9 หลายเดือนก่อน

      'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

    • @bob.weaver72
      @bob.weaver72 9 หลายเดือนก่อน

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @BateserJoanne
    @BateserJoanne ปีที่แล้ว +142

    I'm nearing retirement in three years, and despite having solid companies in my portfolio, my profits have stagnated in this uncertain market. Are there any calculated profit opportunities in this recession?

    • @AlexanderDanielley
      @AlexanderDanielley ปีที่แล้ว

      I agree. Despite early setbacks and losses in the market, I re-entered in February 2021 with guidance from a recommended investment advisor. Fast forward two years, and I've gained over $720k in profits.

    • @VickyAlvy
      @VickyAlvy ปีที่แล้ว

      That's impressive ! I could really use the expertise of these advisors.

    • @AlexanderDanielley
      @AlexanderDanielley ปีที่แล้ว

      Definitely! Everything unfolded under 2 years following Stacey Lee Decker’s guidance. I began with just under $150,000 and now I'm only about $45,000 away from reaching a-million dollars.

    • @VictorBiggerstaff
      @VictorBiggerstaff ปีที่แล้ว

      thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @frankmacgyver5531
    @frankmacgyver5531 ปีที่แล้ว +5

    I got let go from the company I was at for 32 years due to the pandemic.
    At 52 years old, I said "no more working for me, I'm going to take advantage of my physical youth".
    It's been a great ride so far!!! No looking back!

  • @DMUSA536
    @DMUSA536 ปีที่แล้ว +1

    My wife and I collect SS and my pension. We have under $100k in IRA. I’m not worried about my financial future. We have no debt. Our house is paid for. I’ve seen so many downs in the economy and doom and gloom and here we are. She and I are so much better off now than 10-20 years ago or longer. Keep looking forward and you’ll weather the storms. Because life isn’t easy.

  • @lindaabraham8715
    @lindaabraham8715 ปีที่แล้ว +3

    You didn't cover it, but one uncomfortable truth is that, for most people, quality of life depends on how well you take care of your health. If you still think that you can be overweight, eating processed foods, drink alcohol, smoke (anything), ignore diabetes or incipient heart disease, avoid vaccinations, or never walk a step that you don't have to, certainly after the age of 50, then you are likely soon to be unable to walk without pain, or blind, or be paying the medical establishment all that hard-earned savings or leaving it to your bereft spouse. I have seen it many times--I've lost 2 husbands, all high school friends, all lovers, all family, and all of them were dead before the age of 70, most enduring years of suffering and disability before that. Don't rely on medicine, but on healthy habits and moderate exercise.

  • @josefernandez2722
    @josefernandez2722 ปีที่แล้ว +100

    Yes, you are correct. I am about 8 months away from the big 60 and I have 1 thing to add. Regardless of how long we live, it's critical that we take advantage of the first part or the 1st 12 to 15 years of retirement when we still have both physical and mental energy if we are reasonably healthy. When you reach your late 70s and early 80s, you may not want to do as many things as you used to. So get cracking on seeing the world and experiencing things.

    • @glorgau
      @glorgau ปีที่แล้ว +1

      That's "if" you reach the 80s. Statistically, about 40% are dead by then.

    • @don7117
      @don7117 ปีที่แล้ว +2

      @@glorgau even more reason to 'get cracking'.

    • @alan4sure
      @alan4sure ปีที่แล้ว +4

      Travelling is more stressful than not travelling. Don't kid yourself.

    • @KB-ke3fi
      @KB-ke3fi ปีที่แล้ว

      @@glorgau but not women...that's why they get half of the SS from the men they killed.

    • @MattRafferty1
      @MattRafferty1 ปีที่แล้ว +1

      @@alan4sure Yes! I'd much rather stare at my kitchen wall than look at a big ditch in the ground that they call the Grand Canyon.

  • @oldroscoe2590
    @oldroscoe2590 ปีที่แล้ว +13

    I retired at 52 over 23 years ago... what I found is taking care of my health is the number one priority. Living within my means has been easy for me all my life and that's a big plus. Pick your friends wisely and beware of toxic personality people.

    • @michaelp998
      @michaelp998 ปีที่แล้ว +1

      Looking after your health whilst young , generally will look after you when older.

    • @kirnpu
      @kirnpu ปีที่แล้ว

      I couldn't agree with you more. I'm living within my means and currently enjoying an active volunteer life. My health, however, is my absolutely number one priority. If you don't feel well nothing else matters.

  • @darnellcapriccioso
    @darnellcapriccioso ปีที่แล้ว +284

    The thought of retirement makes me a little worried. My apologies to everyone who have retired during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for. it's kinda difficult for people who are retired.

    • @maiadazz
      @maiadazz ปีที่แล้ว

      @Craig Daniels One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.

    • @rodc4334
      @rodc4334 ปีที่แล้ว

      How do you lose everything? I am in a mix of stock and bond index funds and while I have lost some, hopefully temporarily, it has not been that bad. Stocks still seem over valued, so could easily get worse. But just tighten your belt a little when markets are down, rebalance, odds are great you will do fine. This too shall pass...

    • @tatianastarcic
      @tatianastarcic ปีที่แล้ว

      @Craig Daniels You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 750k in net profit within 2 years across high dividend yield stocks, ETF and bonds.

    • @richardhudson1243
      @richardhudson1243 ปีที่แล้ว

      @@tatianastarcic that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.

    • @tatianastarcic
      @tatianastarcic ปีที่แล้ว

      @@richardhudson1243 I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy Melissa Scott Glazner, a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.

  • @katherineridley6028
    @katherineridley6028 ปีที่แล้ว +4

    Im almost 60, so you got me there..husband is 70. We are planning a cross country trip w younger friends. ive been concerned about going due to rising cost..you just convinced me yo go all in on this trip. 👍Thank you !

  • @stevewalker2114
    @stevewalker2114 9 หลายเดือนก่อน +1

    finally. Straight, to the point , clear speaker, not over loaded with detail and disclaimers

  • @slukas1375
    @slukas1375 ปีที่แล้ว +6

    Loving the diversity of comments and perspectives here. I early-retired at 57 from a much-loved career in H.R., and I was surprised by how much I ended up missing elements of my working life. I had a job I loved; a company that treated me well; a series of leaders that were consistently stellar; interesting, ever-changing work dynamics; plenty of learning and travel; and a great team of folks to partner with. To my surprise, I missed the team and client relationships more than I expected I would. I also miss that feeling of being "useful" and "needed." I'd encourage others to give some planning and forethought to how they'll manage their own self-esteem, how they'll achieve a sense of accomplishment and pride, and how they'll go about still feeling useful once their formal working life concludes.

    • @AzulWells
      @AzulWells  ปีที่แล้ว +2

      Super important point Slukas. Warren Buffett is worth almost $100B and, at 92 is still working. Why? Because he loves it and skips to work everyday. Thanks for sharing your experience and I hope you start "skipping in retirement" real soon as well! Azul 💙

  • @kathysampson826
    @kathysampson826 ปีที่แล้ว +8

    Your last point is definitely THE point to put in perspective,enjoy, laugh, love and live being grateful for the things you have! I am retired and 68! Life is beautiful!

  • @corneliajennins5714
    @corneliajennins5714 ปีที่แล้ว +164

    The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than €25,000 a year. My primary concern is how to grow my reserve of €300k which has been sitting duck since forever with zero to no gains.

    • @anthonymilner1088
      @anthonymilner1088 ปีที่แล้ว +1

      As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course.

    • @veniceblackwood2931
      @veniceblackwood2931 ปีที่แล้ว +4

      Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Corinne Cecilia Heaney, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 6 years for my retirement .

    • @Natalieneptune469
      @Natalieneptune469 ปีที่แล้ว +1

      please how can i find the lady you mentioned'?

    • @ericp1480
      @ericp1480 ปีที่แล้ว +1

      I have to disagree with this statement. Our society has come a long way. It's easy to forget that families did not even have enough to send kids to school back in 1930s. We may be poorer than 40 years ago, but definitely a lot more comfortable than 90 years ago.

    • @phil2443
      @phil2443 ปีที่แล้ว

      @Sheri Swink Gold, silver and bitcoin

  • @francoislepine4698
    @francoislepine4698 ปีที่แล้ว +62

    A long time ago, a friend of mine who was 20 years older than me and retired said to me: "The day you retire, it will be five years too late" ....His reasoning was that one's actual expenses in retirement are always less than one estimates while contemplating retirement. In many instances people worry and delay too long...often encouraged to delay by their financial planners.
    I semi-retired at 61, working 4-5 months a year and fully retired at 66. There are many sectors/businesses that welcome and are very happy to have workers who return every year, are experienced and don't whine half as much as 20 year olds!!!
    Working at a job for which you are over-qualified is blissfully stress-free (compared to your pre-retirement work) and there is something to be said for being truly appreciated at work!!! I highly recommend such a strategy.
    Time is the ONLY scarce commodity on the planet...and time to enjoy real adventures while you are still strong enough physically to tackle them is even scarcer than that!!!

    • @ananda_miaoyin
      @ananda_miaoyin ปีที่แล้ว +1

      A wise man once told me that the day you do your budget and have ONE DOLLAR left at the end of the month, that is the day you retire. Edit to add: This means passive income only, of course!
      We focused on buying ourselves out of the rat race.
      I retired at 45 and am so glad I did!
      My kids are all grown, I can still rock climb and shred jui jitsu. All the strength, all the time.
      Life is way too short for anything else on my road.

    • @kbanghart
      @kbanghart ปีที่แล้ว

      ​@@ananda_miaoyin must be nice

    • @kbanghart
      @kbanghart ปีที่แล้ว

      Retirement expenses are always less? LOL!

    • @francoislepine4698
      @francoislepine4698 ปีที่แล้ว +4

      @@kbanghart Yep....to quote my friend Harry:
      When you were working you didn't blink at spending 15 bucks for lunch....retired you go home and make yourself a 2 dollar sandwich. Retired, you can play golf, or whatever, during the week when it's cheaper. When working and your TV of computer blew up you just went down to the store and bought one....when retired you spend a few days shopping and spend 30-40% less for the same items.
      When you get close to retiring you feel you have to get a new car so you don't have expensive car repairs later. After you retire you find out that you drive so much less that your old car could have lasted you another 5-10 years no problem at all. When you retire you find that a lot of things you used to pay people to do for you because you were SO BUSY....you can do yourself now. I used to work in heavy construction....the money I spent on strict work related gear and wear and tear was substantial...it's ZERO now.

    • @kbanghart
      @kbanghart ปีที่แล้ว

      @@francoislepine4698 so sad that many people don't get to experience such fortune. Many have money problems, healthcare debts, etc .

  • @bdgies2721
    @bdgies2721 ปีที่แล้ว +48

    Your last point hit home. I’m 64 and retired at 57 because my husband was 10 years older than me. I knew from paying attention to older friends and family that, for men especially, there’s a great change between ages 70 and 75. I wanted to spend as much time as I could with my husband while he was still able and interested in doing things. We were avid motorcyclists and travellers. The last 7 years were truly the best of our 41 years together. I had noticed him slowing down in the last year, but it was still good. October 4, 2022 he was seriously injured when an oncoming SUV clipped his bike on a local road. Five weeks later, he succumbed to his injuries at age 74. We were financially able for me to take early retire, for which I am eternally grateful. We can’t be reckless with our retirement decisions but we do have to be willing to clearly define our hopes and goals, then boldly go forward.

    • @Allisillusion-z3f
      @Allisillusion-z3f ปีที่แล้ว +1

      I'm so sorry for your profound loss!

    • @tonyqwabe5873
      @tonyqwabe5873 ปีที่แล้ว +1

      Sorry about that Madame, but it does seem you had a brilliant time whilst he was alive

    • @chrismartin5870
      @chrismartin5870 ปีที่แล้ว +1

      I'm in the U.K. and I really appreciated you sharing your retirement story. I hope you have found some happiness in life after your profound loss. Best wishes.

  • @stevethomas760
    @stevethomas760 ปีที่แล้ว +10

    Several years ago my daughter told me, "dad it looks like you are trying to do all this stuff right now = I am". A coworker retired at 59 with a pension, died 6 months later. My mother passed at 63, so you just don't know. Passed that 10 years ago. Doing another Grand Canyon river trip in May, it's a stretch run.

  • @jessicamamikina7648
    @jessicamamikina7648 ปีที่แล้ว +389

    There might be an economical turmoil but there is no doubt that this is still the best time to invest.

    • @dorissteve912
      @dorissteve912 ปีที่แล้ว +1

      Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

    • @jessicamamikina7648
      @jessicamamikina7648 ปีที่แล้ว

      you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met katrina vanrensum , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions

    • @jessicamamikina7648
      @jessicamamikina7648 ปีที่แล้ว

      Search her name on the web you will see all you need to know about her.

    • @jamesmaduabuchi6100
      @jamesmaduabuchi6100 ปีที่แล้ว

      Thanks for the info . Found her website and it really impressive

    • @alan4sure
      @alan4sure ปีที่แล้ว +2

      ​@@jessicamamikina7648 sounds more like an ad.

  • @josephthomas2226
    @josephthomas2226 ปีที่แล้ว

    great info in only a few minutes. I am 63 and will be retired in 3 weeks, thank God.

  • @randomstuff3672
    @randomstuff3672 ปีที่แล้ว +3

    The best friend I ever had once asked, "How many good summers do we have left?" When you think about it, not many. Even if you are in your 40s, not many. He was still racing motorcycles at 67 when cancer took him. Enjoy life and be grateful for every day.

  • @olegmuravov3921
    @olegmuravov3921 ปีที่แล้ว +2

    It’s a truly big motivating point your mentioning a fewer than 1,000 weeks of active life left for those of us who are 60+. Great work.

  • @tomd5178
    @tomd5178 ปีที่แล้ว +12

    Your last point was the most important. At 77 based on my family's lifespan, I probably have another 10 to 15 years. The question is how healthy will I be for how long. Cautiously optimistic for another 5. Will make the best of it. I would tell people that once you do retire, you'll almost definitely need less than you thought. 20 years ago I thought I would need X. Today I have about 1/3 of that and life is good

  • @wt1299
    @wt1299 ปีที่แล้ว +16

    Great content. I am 76, retired at 70 to maximize SocSec. I have my 3 leg stool for retirement. Pension (very rare), savings (saved 10%-15% most of my productive life) and SocSec. The killer now days is inflation which hits value of home = higher taxes, increases in everything from auto/home insurance to normal living expenses. Retire in a tax friendly state will help a lot!!! Keep up the good info.

    • @KB-ke3fi
      @KB-ke3fi ปีที่แล้ว

      Biden will end all that this year.

  • @dlg5485
    @dlg5485 ปีที่แล้ว +4

    I love that you emphasize the precious value of time and that working longer is a costly trade-off for just a little more financial security. I've had a retirement savings goal in my head for many years and now that I'm about 9 years from when I want to retire, I am realizing that is the wrong approach to retirement planning. It's better to play it by ear and evaluate your situation annually, and retire as soon as you can afford to.

  • @edwardlozano9619
    @edwardlozano9619 ปีที่แล้ว

    Stellar and succinct words. Most of what we have "Saved" in retirement accounts is unrealized profit - and Loss. Many of us 60-something year olds need to be reminded that the time is now to do things. Thank you for the reminder and for some, wake up call.

  • @AnnMitt
    @AnnMitt ปีที่แล้ว +37

    A friend of my family died at 70. Gosh darn, he was only retired for 5 years. I think about that often. He only enjoyed 5 years of retirement and then died of a heart attack.

    • @sammencia7945
      @sammencia7945 ปีที่แล้ว

      Every person who comments on retiring early says the same story. Everyone you all know, all die early.
      You understand what Self Selection Bias is?
      Average lifespan for a 62 yo in 2023 is 82 to 84.
      Not 70.
      You have been hanging around short term thinkers who hate work. Thus your negative attitude. Thus it is likely you have made other bad short term decisions over the past 45 years that shorten lifespan.
      Thus all the people YOU know die young.

    • @AnnMitt
      @AnnMitt ปีที่แล้ว +5

      @sammencia7945
      Dude, lighten up. I didn't say *all* the people around me are dead at 70. One family friend died at 70. That hit me hard because he only enjoyed 5 yrs of retirement. I play pickleball with 70 - 80 yr olds 5 days/week. So I know for a fact that plenty of people are enjoying their retirement.
      🤦🏻‍♀️ TH-cam angry trolls are the worst.

    • @decoydavesmith
      @decoydavesmith ปีที่แล้ว +3

      Thumbs-up in this case just means we're sorry for your loss and his loss, too, and we're with you

    • @CW-dc6zm
      @CW-dc6zm ปีที่แล้ว +1

      An Ex Lawyer friend survived for just one year of his retirement before a heart attack ended everything.

    • @mozerm
      @mozerm ปีที่แล้ว +3

      Sorry for the loss of your friend. This is just a reminder that we should all be enjoying our life every day. Thinking you'll start enjoying life once you retire (or once you get a promotion or once you find the love of your life, etc.) is a fools game. I've had 2 friends pass away on heart attacks in the last year...one was 52 and the other 54. Tomorrow is promised to no one.

  • @TexasRiverRat31254
    @TexasRiverRat31254 ปีที่แล้ว +1

    Retired at 62, bought a nice used Corvette for $24K cash and spent time at the track bothering the "kids". Spent many days out in the garage putting it up on jack stands, changing between track and street tires, changing fluids,ect. Gave me a lot of exercise and a reason to get up at 4:30 on track days to go get an adrenaline rush and socialize. Yes. I'm happily single but there were couples at the track that both drove and shared the experience.

  • @mburgess2829
    @mburgess2829 ปีที่แล้ว +3

    I like to hear as many different viewpoints before I retire so I cover all the bases. I’m 62 and see retirement in the near future so thanks for sharing

  • @dianamathews3712
    @dianamathews3712 7 หลายเดือนก่อน

    Enjoying your videos 61 and 5.5 years from retirement.

  • @custom55
    @custom55 ปีที่แล้ว +17

    I retired at 59 and 9 years later, my portfolio is larger than when I retired. Sure, my value has bounced up and down with the market but it always comes back to my retirement levels and more. I live within my means, I'm very active with winter sports and volunteer at a local food band. VERY IMPORTANT to keep the body and mind active. I have had a great CFP for 30 years and he's done well with my portfolio. Oh, I'm thinking of taking Social Security this year but still not sure.

    • @rodgraff1782
      @rodgraff1782 ปีที่แล้ว +2

      Take it now. It might not be there too much longer.

  • @carlmitchell7897
    @carlmitchell7897 ปีที่แล้ว

    I just discovered your videos. Perfect timing! I turn 60 in 3 months, and was planning on retiring 2 months ago. I’ve focused the last 2 years in final prep to retire, yet I’ve let my work talk me into staying for awhile…. Your videos are providing me the motivation and confidence to reassess my decision to stay. They are very well done and feel targeted to me! Thank you

  • @olderthandadirt
    @olderthandadirt ปีที่แล้ว +17

    I have done the 23andMe testing and know I inherited the Alzheimer's marker from BOTH my mother and father. A healthy lifestyle can fight it off for a while but it is coming, so after retiring from a job that didn't hold much meaning I am volunteering like crazy it's a search for meaning and a low cost hobby.

    • @Kitiwake
      @Kitiwake ปีที่แล้ว +2

      Check diet channels here.
      They all say don't follow the SAD.

  • @robertf2691
    @robertf2691 ปีที่แล้ว

    That’s why I retired at 60 because of what you said about 1000 weeks left. Great channel. I subscribed

  • @raymondyong4923
    @raymondyong4923 ปีที่แล้ว +16

    I turn 60 this year (no idea when that happened!), but luckily I've been retired for about 8 yrs. We made the decision to retire early because we ran the numbers and realized we could do so, and it allowed us to spend much, much more time with our ailing parents. As a couple who love the active, outdoor life, we also realized the time we have left to do all that is limited, and getting shorter. A Canadian group called Walk Off the Earth has a lyric that's a lament that goes "When did the future stop feeling so far?". That kinda struck home...

    • @raymondcouture9374
      @raymondcouture9374 ปีที่แล้ว

      The song is at
      th-cam.com/video/G_GzZcaZz1Y/w-d-xo.html

  • @Motoseaner
    @Motoseaner ปีที่แล้ว +1

    I'm 51 and very active. I've been working to live and not living to work. Now I'm looking at my small portfolio and dumping money into an index mutual fund two fund portfolio. I ride dirt bikes, sail, ski, hike and walk
    My dogs a lot. Thanks for the video

  • @CynthiaByrd648
    @CynthiaByrd648 ปีที่แล้ว +84

    THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 52, my husband is 55. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.

    • @MIchaelGuzman737
      @MIchaelGuzman737 ปีที่แล้ว +1

      Consider financial planning.

    • @kashkat987
      @kashkat987 ปีที่แล้ว +3

      It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing.

    • @sommersalt88
      @sommersalt88 ปีที่แล้ว +2

      I totally agree, I'm 60 and just retired with about 1.2 million in outside retirement funds, no debt and very small dollars in retirement funds compared to my balance of portfolio over the past 3 years to date. tbh, the role of the invt-advisor can only be overlooked, not denied. just do your research to find a reputable one.

    • @Americanpatriot723
      @Americanpatriot723 ปีที่แล้ว

      @@sommersalt88 Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

    • @sommersalt88
      @sommersalt88 ปีที่แล้ว +4

      Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

  • @joelpless4214
    @joelpless4214 ปีที่แล้ว

    Thank you. I am 63 and listened carefully to your advice.

  • @michellemoosey9376
    @michellemoosey9376 ปีที่แล้ว +4

    I loved your last statement to Take full advantage of the "youth of your senior years." That really impacted me! Thanks so much~

  • @billdent1328
    @billdent1328 ปีที่แล้ว

    Great communicator! Low key and not pushy.

  • @russellaycock3703
    @russellaycock3703 ปีที่แล้ว +3

    Another retirement issue to be aware of, though not financial, is loss of identity. This can be fleeting or permanent and I’m not certain what factors point to either outcome. I suspect that a strong general sense of identity, apart from career, is the best medicine. But it is a multi-headed hydra.

  • @johnchandler3812
    @johnchandler3812 ปีที่แล้ว +1

    Totally agree about that last part. As you get to 60 odd, spend your money! Put nothing off, tomorrow may never come. Some of us really think we're immortal, we're not. Live life now.

  • @dr.ronbernard9927
    @dr.ronbernard9927 ปีที่แล้ว +3

    It was important to our family to have a mother always in the home as a center of nurturing. That left only me, a high school instructor, to provide financial resources. As a family, we were able to live a stable, happy life, with our two children becoming healthy, happy, loving adults. When I turned 65, I had $5,000 in savings, as well as a lifetime of truly joyous memories. When you speak of saving colossal amounts for retirement, I know of no one of my acquaintance who had accumulated such amounts without sacrificing their family’s happiness. Plenty of spiritually saddened good people who we know struggled all their lives only to end with children without natural affection for either themselves, their parents or their Lord.

    • @chrismartin5870
      @chrismartin5870 ปีที่แล้ว

      Thank you for providing a counter point. Not everyone can accumulate loads of money and few as you note without a collateral impact of their life and others. Best wishes,

    • @beexcellenttoeachother5313
      @beexcellenttoeachother5313 ปีที่แล้ว

      100% agree. Not all wealth is measured in dollars and cents.

  • @BrianODonohue
    @BrianODonohue ปีที่แล้ว

    I'm turning 60 in 3 days. I'm looking forward to learning what I can from you to improve my retirement. Thanks for your time and expertise.

  • @AKBRONCOSFAN007
    @AKBRONCOSFAN007 ปีที่แล้ว +6

    I’m 46 and 3 years ago I never gave retirement planning a thought. At that time I was in the middle of my Debt Snowball journey. I got most of my debt paid but now I’m thinking about how to make the most of my time while I’m young(er). I don’t do “real” investing per se. As a federal employee I do invest in the TSP. Last year was the first year I maxed it out and well on my way doing it this year too. Hopefully by the time I’m in my late 50s early 60s and retired from civil service (I also retired from the Air Force too) money will be last thing my wife and I are thinking/worried about.

  • @Paul-GrnHil
    @Paul-GrnHil ปีที่แล้ว +2

    I love your expression “take advantage of the youth of your senior years” I recently retired and my wife and I are going to travel and enjoy our Go go years.

  • @hottuna7
    @hottuna7 ปีที่แล้ว +3

    Here's something that caught me completely by surprise: I had never given a moments thought about how our need to earn a living essentially drives our daily routine, and that after retirement I would need to supplant that "forced" discipline in other ways.

  • @wayneriley7557
    @wayneriley7557 ปีที่แล้ว +1

    yeah, 1987. In 1988 I had just started working as a young auditor in Brisbane, Australia. One of my assignments was auditing the accounts of a guy that had sold all his shares just before the crash. Post crash, he bought a lot of them back and still had millions left over (when a million was a lot of money). Lucky. I spoke to him, and he had no crystal ball, he'd just decided to sell it all then.

  • @don7117
    @don7117 ปีที่แล้ว +6

    60 here and 10 months from my wife and I both retiring at the same time. You have a great, direct approach without the jargon. Sub'ed and looking forward to going through this process with help from your insights.

  • @FunlolaShodeko-je2hc
    @FunlolaShodeko-je2hc ปีที่แล้ว

    I happened to stumble on one of your videos. Up to date, I must have watched about 25 of them and am still counting. You have inspired and encouraged me a lot to take a bold step towards financial freedom. The more of your videos I watch, the more confident I am becoming in making a decision to retire at 55.

    • @AzulWells
      @AzulWells  ปีที่แล้ว

      Wow! Funlola, thank you for sharing that with me. You made my day! Good luck on your goal to retire at 55. Thanks for watching (all 25 vids) and for taking the time to share your nice note with all of us. Azul

  • @jps0117
    @jps0117 ปีที่แล้ว +5

    Thanks for the video. I think many people think of retirement as the last "bend in the road"... "one and done". In fact. a person can "retire" and make (sometimes significant) adjustments after that date. Since the person has never been "retired" before, it is not at all certain that the decisions they make at 62, 65, 67, or whenever will be the optimal ones. If something isn't working according to plans or expectations, it's ok to fix it. In fact, it's not ok not to fix it. Changing tracks before retirement is common; doing the same after retirement should also be on the table. My two cents.

  • @tomludlow5644
    @tomludlow5644 ปีที่แล้ว

    I'm 76 and I still find your videos helpful. I'm onboard and look forward to your future postings.

  • @cts-video
    @cts-video ปีที่แล้ว +6

    You are right....I am 56 and plan to "retire" this year 2023 in October. Ready or not because of just what you stated in your last truth - 1000 weeks of real life left?! when you really think about it...most of spend 90% of our lives running, gunning, grinding for others and then only spend the "retirement" years doing for ourselves. But for some, at that point, what can you your really do....that is exciting, invigorating, exhilarating and gets your adrenaline pumped? Oh wait....we can't do those things anymore because of the many health issues and little knicks knacks we feel.
    I enclosed "retire" in quotes because I do plan to leave the workforce of punching a clock for some company or someone else, and if I do continue to work, it will be for myself on my own time.
    Peace and Blessings

  • @pauladamson4296
    @pauladamson4296 ปีที่แล้ว

    I’m 50 and watching… your 1,000 week comment really resonated.

  • @henrysamazingadventures6046
    @henrysamazingadventures6046 ปีที่แล้ว +16

    Stumbled across your video. Short, sweet and to the point. Nicely done. I'm 54 and starting to watch alot more videos like yours...for me the goal is to retire at 62, but its a scary prospect when factoring in the unknowns and volatility of the market and potential impact to your nest egg. Be good to hear a video about how you approached your last 7-8 years of your working years setting up for the eventual moment you were comfortable to 'stop' full-time work....what we're some of the factors you considered? Be good to get your story on that episode in your life :-)...thanks

    • @dand3975
      @dand3975 ปีที่แล้ว

      If you need to keep spending money buying cool stuff like boats, Harleys, new, pickups, ect better keep your job till that stuff is paid off.
      If you want to retire early #1 have your house paid off, and repairs made like new furnace / Ac, new roof, new, water heater etc. Save your money, live with in your means. A big factor in retirement will be paying for health insurance and the Medical costs Insurance don't cover.

  • @patrickfleming1256
    @patrickfleming1256 ปีที่แล้ว

    Priorities in life differ for many people. A first priority may be financial success or a lasting loving marriage or recognition for your life's accomplishments or just doing the things you want to do forever. But to make all of these things better, take care of your health. It should be your first priority and it will make any of these other priorities work well. Thank you. You do a great job Azul.

  • @gitchegumee
    @gitchegumee ปีที่แล้ว +3

    Retired at 62 almost two years ago. Had put away a nice nest egg, have safer investments and the combination of a small traditional pension plus Social Security income that pays my normal living expenses monthly, I figured I was financially sound. I went to every doctor to see what my health was since I had great work health insurance and would have a gap of three years before Medicare kicked in. They all said I was good to go too. Then three months after retiring, I had some unexpected medical issues which my interim insurance barely touched, causing me to have to dip early into savings. You never know what is going to happen, just plan as well as possible. I'm not stressing about surviving 1000 weeks - I doubt I'll reach half that, so my savings should carry me through until my prepaid burial kicks in (more pre-planning).

  • @kbaker9804
    @kbaker9804 ปีที่แล้ว

    I retired at 55 when my company was sold, and while I wasn’t really ready I’m very happy that circumstances pushed me.

  • @steveweiss8920
    @steveweiss8920 ปีที่แล้ว +4

    Great points Azul. Welcome to the growing community of "soon to retire" folks like me in 60 days @ 64. 1000 weeks equals about 19 years. I'd argue that you may have less than 19 years to truly enjoy or have the desire to do many things. The 4% rule certainly seems a tough one to count on in during these times. Its all about managing your expenses and having the ability to pull back on spending during down turns. Having 3-4 years of cash going into retirement allows you to ride through challenging periods. Some might argue the cash bucket is not making anything. Not true you can make 4-5% now more than the investment bucket at this point.

  • @louisapdjones
    @louisapdjones ปีที่แล้ว

    That last uncomfortable truth, limited healthy time remaining, is particularly powerful. Thank you for reminding me.

  • @jonsterngold4942
    @jonsterngold4942 ปีที่แล้ว +11

    I solved my 'retirement' issues by continuing to work (turning 77 this summer)! I'm paid well for a job I like a lot, which is a calling (medicine), and for a business (hospital) to which I've become indispensable. I don't punch the clock every day, but I am on call 24/7, which I don't mind. I know this isn't a path just anyone can adopt, but I've had horrid economic bad luck in the past, so this is a nice change for me and is far more tolerable than being the ER doc I was for decades when younger. I still have time to play lead guitar in a rock band, to work out, and to enjoy what I can of life. I encounter A LOT of challenging problems in my work but I view these as serving my brain to keep my synapses sparky. Could be worse.... and probably will be someday. ~~~~~>>>

    • @marcob4841
      @marcob4841 ปีที่แล้ว +2

      There are a lot of "indispensable" people in the cementary.

  • @chrissypearson5597
    @chrissypearson5597 ปีที่แล้ว

    One must be present in the here/now, past=dead and gone,future=hope, most important IS, what we truly are is neither presence or absence. High knowledge is out there, dive deep for it, and be free to be

  • @michaellindsay955
    @michaellindsay955 ปีที่แล้ว +11

    Thanks Azul for this video. I am 55 and looking to either semi or fully retire in May. Our CFP says the plan works with about 80% confidence and, because of personal and family health reasons, it makes sense just to enjoy the time I have left with my wife doing the things that we love and not being bogged down with a 9 to 5. That said, everything you stated about the "uncomfortable truths" is spot on. Kind of freaking me out going from 40 years of working and collecting a paycheck to considering just living off of what we have saved. Scary and definitely uncomfortable. Thanks for putting this video out there.

    • @kingtrance307
      @kingtrance307 ปีที่แล้ว

      Don’t forget Social Security and Medicare benefits. When it’s time to collect you’ve earned it! Don’t let the Republicans raise the age your entitled to receive them!! 🇺🇸

    • @blackwellkrb
      @blackwellkrb ปีที่แล้ว +1

      I'm in a similar boat. Almost there. Still healthy and like some parts of working but definitely want to scale back to part time and do more of what I want. Good luck to you.

  • @davegrondahl6999
    @davegrondahl6999 ปีที่แล้ว +1

    Just stumbled across your video, and immediately recognized the scene in the background. I won't share where you are, but I grew up watching the ferries and looking across at the islands and mountains. Spent some of my youth (in the 60's) at the very dock, trying my luck to catch "bullhead" fish!! I even worked for a time as a deckhand on one of the boats going out to one of the islands. Part of my family still lives in town, I visited them a few weeks ago... Thanks for the trip down memory lane!!

  • @deeplansandbudgets
    @deeplansandbudgets ปีที่แล้ว +3

    I am retired and plan on spending my assets. I do not think I need to leave a legacy. My plan is to keep enough to not be a burden, and spend the rest. If I had the Million in the bank needed to generate a 40K income stream, well, I would live on more as there is no way I am going to go without so much in order to leave a legacy.

  • @jerryweigl4730
    @jerryweigl4730 ปีที่แล้ว +2

    I am old enough to know you are absolutely right in what you say. I have some regrets about my decisions when I was younger. As a suggestion, maybe you could look into your crystal ball and make a video about the types of investments young people could do now in order to be more secure when they retire. Hindsight is easy.

  • @johnscott2746
    @johnscott2746 ปีที่แล้ว +15

    I’m sorry but I completely disagree with most of this. The 4% rule has been discredited for years. And the secret to a successful retirement is to never carry debt into it . If your house is paid for and you don’t owe any other money it costs very little to live. There are millions of people who are living solely on their Social Security. In my case, probability of success doesn’t even figure into it. My assets grow each year and I live very well. My income more than covers my expenses and that’s the way everyone should be.

    • @67NewEngland
      @67NewEngland ปีที่แล้ว +1

      - But everyone isn’t in the same situation,therefore different people need to take different approaches as they near the end of their working life.

    • @tshandy1
      @tshandy1 ปีที่แล้ว +6

      I agree with you about being completely debt free. I look at people in their late sixties / early seventies who are still carrying a mortgage. Or still renting. Sheesh.

    • @johnscott2746
      @johnscott2746 ปีที่แล้ว +1

      @@67NewEngland I completely agree. That’s why I disagree with his “one size fits all” advice. As I said , there are millions of people who are living solely on their Social Security. Everyone’s case is different. I know that not everyone can be in my circumstances but everyone should strive to be.

    • @bruced.370
      @bruced.370 ปีที่แล้ว

      Needs and wants are different. I 100% agree with you.

    • @sbkpilot1
      @sbkpilot1 ปีที่แล้ว +1

      It wasn't meant to be a rule.. it's historical analysis that showed what worked and what didn't and nothing more, people simply turned it into a rule.

  • @AltDavidMiscavige
    @AltDavidMiscavige ปีที่แล้ว

    The backdrop of a Washington State Department of Corrections boat for McNeil Island, is a nice touch 👍🏻

  • @thullraven1
    @thullraven1 ปีที่แล้ว +4

    Be prepared to be alone a lot. If you retire and your friends and spouse are all still working, you won't be around others like you were when you were actively employed.

    • @thullraven1
      @thullraven1 ปีที่แล้ว +1

      @Rocky Well, good for you. I miss my friends.

    • @thullraven1
      @thullraven1 ปีที่แล้ว

      @Rocky I tried working at Amazon part time for just that reason, but we were so busy it was pretty much impossible to talk and our break was short and left you just enough time to use the restroom or eat something quick, but that was it.

    • @thullraven1
      @thullraven1 ปีที่แล้ว +1

      @Rocky Well, good for you. I have a house full of pets myself, go on bike rides, run in the park, go to gym, volunteer at mobile food banks occasionally. I'm a people person and social. I get together with my friends on craft beer runs and lunch time from time to time, but not as frequently as I would like. I also am taking a course at college. You're a loner. I'm not by nature.

  • @MJ-YT-USR
    @MJ-YT-USR ปีที่แล้ว +2

    Thanks Azul. I'm approaching 44, so one of the younger viewers perhaps, but my wife and I recently became mortgage free and we are now in full retirement planning mode, and hoping to do that in our mid 50's.

    • @bobjohnson8169
      @bobjohnson8169 ปีที่แล้ว

      MJ, It’s awesome you and your wife are proactive! Make it count! I retired on Jan 02, 23 and while my wife is still working (we are both 59), I am now to my surprise taking hospice care of her grandmother. We do have plans when our current mission is done! Be well, and best of luck! B

  • @lynnellechappell3337
    @lynnellechappell3337 ปีที่แล้ว +3

    😏1,000 weeks - that's wild! We are 51 and 52 & revamped our bucket lists last night. Plan to travel 1 U.S. & 1 Intl vacay every year until we can't. Tomorrow is not promised #CarpeDiem

    • @dking1362
      @dking1362 ปีที่แล้ว

      Hooray for you! Enjoy!

  • @mikejiskra7976
    @mikejiskra7976 10 หลายเดือนก่อน

    I love your short 5 to 10 minute videos. One life style mistake I have made is I am a horder and procastinator and I am wasting my retirement years trying to downsize.

  • @Joel-McConnell
    @Joel-McConnell ปีที่แล้ว +3

    Instead of spending up your savings/investments in retirement what are your thoughts about investing those savings for income generation instead? Like in higher dividend paying stocks or ETF's, maybe picking one or several that balances yield and continued appreciation rather than the very high paying value traps that are out there, maybe something with say a 5% dividend or so? I am still researching this idea. I could pretty much retire now at age 57 if I can find the right idea with 5% income generating payments. Rental properties seem like too much work and risk to me. Do you have any other ideas in this regard for me to look into? Just suggestions of course not advise.....thanks! :) BTW all the men in my family have all died before the age of 72 so for sure I will be taking social security at age 62! ;)

    • @gobfranklin6759
      @gobfranklin6759 ปีที่แล้ว +2

      There are plenty of good stocks which pay a dividend above 5%. Ck out dividend aristocrats for a starting point. If you are worried about the stock market, hold more cash in high interest banks (many online ones are paying 4.3 or more in interest), try and have 1 to 3 years of ready cash to cover all living expenses, so you do not have to sell stock at the wrong times. Then you can have a mostly stock portfolio in a low cost ETF s and p fund like, VOO. Pay off all debt, try and have a place to live that you own, but modest, downsize if needed to make this happen. Analyze all of your spending by tracking for 6 to 12 months by category, and then find ways to reduce expenses. Once you do all of this you will find ways to live on less while having more quality life, working or not. If you have family history of men dying by 72, identify any controllable things you can do now to change your outcome. Best wishes.

    • @Joel-McConnell
      @Joel-McConnell ปีที่แล้ว +1

      @@gobfranklin6759 considered and working on much of this already, thanks! :) Stocks have been good to me, but I have never had to rely on them for income. This is a different idea for me, so I want to find the right fit. Going to pay off the house and debts first of course and invest the rest into something that provides as safe as possible income, but I need 5% or better AFTER TAX to make it all work and preferably maintaining some appreciation rather than declining like many higher paying dividend stocks/etf's tend to do.....of course I could just keep investing in stocks and make monthly withdrawals along the way but not as safely and at the income amount I am wanting/needing, dividends will be tax free for me unlike stock profits. And withdrawing in down times will eat away at my future earnings potential to keep that ball rolling. I never did use a ROTH but probably should have, stocks were sort of fun money for me rather than retirement planning per say. Want a new car today, sell some stock! Vacation? Ect.... lol! Now I just want nice stable modest income to live off of and not have to work any longer. I will figure it out.....BTW, I am thinking retiring early will allow me to live a more healthful lifestyle which could add some years to my future life. :)

  • @gobfranklin6759
    @gobfranklin6759 ปีที่แล้ว +2

    Left work at 47, 54 now. And no I am not a super rich tech guy, just a hard worker who has struggled and saved all their lives. Left $$ on the table so to speak but I gained my time back. I would encourage anyone who has enough $$ (or can find a way to get expenses down for it to be enough) to leave work NOW. Pursue your passions, help others, create positive memories for yourself and others and focus on health.

  • @uncareid5557
    @uncareid5557 ปีที่แล้ว +5

    I gave you a thumb up even though really none of this applies to me. Almost 70, CV-19 retired early (I had planned to work until my 70th birthday), enjoyed 25 months of retirement and went back to work. Pushing SS to the limit is the biggest part of my expected income in my 70's, 80's and 90's. No portfolio to speak of, with no debt you can live large on $5k a month. As large as I want to live, in any case.

    • @susankievman642
      @susankievman642 ปีที่แล้ว

      I’m in CA and my monthly nut is only $3400 per month, even renting.

    • @uncareid5557
      @uncareid5557 ปีที่แล้ว

      @@susankievman642 Can you leave? Our home (no mortgage) costs us less than $700. a month, that is HOA, utilities, property taxes, and homeowners insurance. The weather might be nicer in California, but life is better in Tennessee.

    • @susankievman642
      @susankievman642 ปีที่แล้ว

      @@uncareid5557 Life is not better in Tennessee if you dont know anybody. It is so far away from anyone that I know.

    • @uncareid5557
      @uncareid5557 ปีที่แล้ว

      @@susankievman642 My family is spread out all over the East. But most are here so for me it works. Thirty years ago we were all in NY/NJ. Before I left I took my little brother in as a tenant. He needed a place to stay and helped a little with bills and maintenance. He left when we left. Perhaps you can inspire an Exodus!

    • @susankievman642
      @susankievman642 ปีที่แล้ว

      @@uncareid5557 Nah, I don’t want to live in Tennessee. I do not like the politics there.

  • @MagneticMTB
    @MagneticMTB ปีที่แล้ว

    Hi! I’m 49 and LOVE your videos. I’m watching your videos because I really want to do my best to be intentional and be as prepared as possible. Thanks!!

  • @josephammon715
    @josephammon715 ปีที่แล้ว +20

    When everything started to tank, I lost more than $40,000 after my retirement. Not because I was involved in a heated exchange. Because that's what everyone else said, I was just dumb to hold, and that's why. Even while I still have responsibility for my decisions, I now consider myself to be a better investor because I am more aware of the potential pitfalls. I was in the market for more than 3 years before I realized that. I'm happy to have discovered a way to get my money back at approximately $5,000 per week in profits. Many thanks, Mrs Judith M Layton.

    • @starrnicolemedina8222
      @starrnicolemedina8222 ปีที่แล้ว

      Mrs Judith changed my life because of the huge profits I got from investing with her.

    • @josephammon715
      @josephammon715 ปีที่แล้ว

      you can communicate with her on TELEGAMS with the username below.

    • @josephammon715
      @josephammon715 ปีที่แล้ว +1

      @Maejudith

  • @scp240
    @scp240 ปีที่แล้ว +1

    Yes, make the most of your healthy years and do what you can to improve your healthspan, not necessarily your lifespan. I saw so many people younger and older hiding under their beds during the pandemic. Even though I was nearing 70 I decided to continue with my life as normal as possible under the circumstances, I traveled to see family and enjoy the outdoors, I did what I could to maintain a healthy lifestyle and diet, and I continue to do so. My sister lived in fear, wouldn't go out, didn't travel or enjoy life, and now she is sick with cancer and will never have the opportunities she had while healthy, but convinced Covid would kill her if she ventured out. And I use her only as an example of millions of others who did the same thing and unfortunately now regret their choices.

  • @Bradleyschaeffer376
    @Bradleyschaeffer376 ปีที่แล้ว +73

    I began accumulating wealth when I started following up my investment properly, The value of expert mentorship cannot be overstated. Without proper mentoring, people tend to make mistakes and loose money. This is why I prefer to invest with Juliann Hart because her methods are unique and extremely profitable-

    • @SierraLeighanne
      @SierraLeighanne ปีที่แล้ว

      I invest with Juliann Hart. She's the best when it comes to making gains in the financial market she's well accredited and proficient to help beginners through managing your investments-

    • @MichealTanner141
      @MichealTanner141 ปีที่แล้ว

      She offers the best services and continuous wins in the markets-

    • @GaryWinstonBrown
      @GaryWinstonBrown ปีที่แล้ว

      Okay, how do I contact her for advice on investment recommendation?-

    • @Bradleyschaeffer376
      @Bradleyschaeffer376 ปีที่แล้ว

    • @Bradleyschaeffer376
      @Bradleyschaeffer376 ปีที่แล้ว

      Juliannhartt

  • @mackjay1777
    @mackjay1777 ปีที่แล้ว +1

    Very good advice... As scary or depressing as it might be, knowing you don't have a lot of time left can help you enjoy more, relax, even spend money you were feeling guilty about.

  • @adamcoulson7960
    @adamcoulson7960 ปีที่แล้ว

    How refreshing to have a financial planner highlight the significance of the “non renewable” resource of time - thx - you’ve got me thinking Azul 🙏

  • @burkestorti4586
    @burkestorti4586 ปีที่แล้ว +1

    In my case I was just LUCKY. I'm 75, retired at 60 in 2008. Worked as a USPS letter carrier for 30 years. In 1988 (single age 40), I transferred to a location in California where housing was affordable. Paid off my mortgage 9 months before retirement. Just before I retired, I inherited a pile of money. Oh yea, I survived a heart attack & triple by pass surgery in 2017. Life, so far, is good. I could have never predicted this when I was 25. GOOD LUCK!

  • @americanexpat8792
    @americanexpat8792 ปีที่แล้ว +1

    I think that the big thing that was missing is that you need to have a 'purpose' once you retire. I personally haven't missed formal work for a hoot. But you do need to find something - and it will be different for everybody - that energizes you.
    I'd also say that you have to prioritize your health. My God - keep moving in every sense of the word.

  • @kbaker9804
    @kbaker9804 ปีที่แล้ว

    When my husband and I retired we decided we could afford to get the sports car he had always wanted. It was a great decision! We could have saved that money, but we enjoy that car almost every day. I know you’ve said in other videos that a person should do what makes them happy if possible, and I would like to second that 1000%. Thanks for the great retirement videos!

  • @OldMan1962
    @OldMan1962 ปีที่แล้ว

    The thousand weeks statement is an eye opener. For many of us pre retirees the number of healthy weeks will be in the mid hundreds of weeks ( if at all).

  • @michaeladams903
    @michaeladams903 8 หลายเดือนก่อน

    A bit of perspective, I will be 62 soon; strength training 4 days a week; walk daily and intend to work 40 hours a week for the next 10 years. Stay engaged and active. Enjoy every day like it’s your last

  • @ericglaude4953
    @ericglaude4953 8 หลายเดือนก่อน

    Thank you Azul, your videos and informative and inspiring too. I’m 55 and will not work past 60, God willing. Life is too short to be a salve to both money and time.

  • @aaronrivers64
    @aaronrivers64 ปีที่แล้ว

    I love your advice and wisdom. I am 58 and am looking forward to retirement next year, and this channel helps me greatly.
    Thanks!