People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Retirement becomes truly rewarding when you have two key components: a solid financial foundation and a clear sense of purpose. Making wise investment decisions is crucial to achieving strong returns and enjoying a secure retirement.
Rising costs have impacted my original plan to retire at 62, work part-time, and grow my savings. I can't help but wonder if those who navigated the 2008 financial crisis had an easier time compared to the challenges I’m currently facing. Market volatility, combined with a lower income, has me concerned about having enough for a comfortable retirement.
You’re absolutely correct-financial advisors have access to strategies and opportunities that aren’t always available to the general public. I earned £560k in 2022 with guidance from my fiduciary advisor. Am I cashing out? Definitely not. I’m taking a step back to watch how the market evolves.
I’ve been considering that path myself. I have a significant stock portfolio, but some holdings are starting to decline in value. I'm unsure whether to hold onto them or sell, and I think hiring your advisor could help me effectively restructure my portfolio.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for the recommendation. I did some research on Rebecca Lynne Buie, and fortunately, I found her details. My goal is to retire in five years, and I’m hoping her expertise can help me make that a reality.
Overall, 60% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
@RobertsArthurs How can one find a verifiable financial planner? I would not mind looking up the professional who helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to
@@BernardFrederick-tk7un talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Annette Marie Holt turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I'm 53, about to retire :) I could (and should) have retired three years ago as I had the money, but like you said, there was this irrational fear of giving up work! Recently, I changed jobs, wasn't planned but an opportunity came up, but it's not working out, and this has given me the kick I needed to just quit working.
@bitcoinenergy1 What about if you throw bitcoin into the mix ? No one who has held bitcoin for the 4 year cycle has ever lost any money. In fact if you price property in bitcoin everything gets cheaper every four years. How ? because bitcoin unlike the pound is fixed in its supply and the purchasing power gets stronger every four years. For example a house you want to buy today will be cheaper in four years in bitcoin terms. This is why all the leading asset managers are buying and holding bitcoin. Even business are adopting bitcoin to gain competitive advantage. Why and How ? Lets say cashback for example. If you were to offer a customer 5% cashback and give it to them in bitcoin instead of pounds the cashback to them would increaes in value in four years. Hence the 5 pounds given to them in bitcoin would probably be worth 15 to twenty pound in four years. Am I selling bitcoin ? No I just teach other entrepreneures how it works. No spamming or emails. Just some food for thought. You can subscribe to my channel if you wish to learn about bitcoin, Thats it. Tony.
@@william78583 Varies greatly. I am based in Asia right now. Usually take an adventure or luxury int'l trip for 2 weeks every 2 months. I never had kids, met some very good girls so far that would make a great mother. Focus on fitness (vO2max training, lifting), read, learn and still do about passive investments (passive private placement real estate), learned Spanish, will enroll in a University (GI Bill) in the future to learn a new language or skill), lots of hiking.
We were able to retire from our 9-5 jobs at 28. By far the best decision we made and now can enjoy life in our youth. There are challenges of course, but there our challenges for our business not someone else's. Our net worth also continues to grow because we can focus on that instead of making another company (Your Job) grow.
The healthcare cost was a big obstacle for me, but Covered California turned out to be pretty reasonable. Another thing that hung me up was the 4% rule, which wasn't quite enough for my living expenses and healthcare. Once I discovered the 5% rule (Guyton's Guardrails), the numbers finally worked out, and I was able to retire.
Do you just have investments like 401K and stocks? Are you in a high cost of living area if you are in CA? It's got to be hard in CA just with the taxes.
@@TheRetirementality Yes I live in San Clemente, California and the taxes here suck. But, I'm able to live a pretty frugal living and pay less taxes, because my house is paid off and property taxes are reasonable. Insurance went way up and so has food and entertainment, so that hurts a bit.
@@TheRetirementality obamacare is not a viable option if you have had medical issues in the past (due to extremely high deductibles). One relapse could wipe you out. In other countries you can sometimes retire, but not in the US.
@@bradtrades Yea, just the out of pocket money is a big deal for most people if you have a problem. We are looking at exiting the US. Stay tuned for more videos on this topic.
I retired super early at age 30. I haven't worked a job since. I now set my own terms for living, and make money with my investments and the joy of being a consultant. I travel the world, and could y be happier! Don't be hatin'. Look for ways to escape the Matrix - you can do this, but not with conventional thinking.
Depending on investments to make money in the future to finance your retirement is equivalent to counting your chickens before they hatch. Also try finding a decent job when you’re older. Inflation, taxes, medical expenses, insurance, market crashes, major home repair or expensive life event can put you in a very bad place. The Pollyanna effect doesn’t serve you well in something as critical as retiring. You better have it right the first time. Once you’re unemployed you are ostracized by employers. Your network will abandon you. Poverty and old age is the most miserable situation to be in.
Yea, I guess that depends on your set of skills if you need to re-enter the workforce. I've always been in sales so I can find some kind of job if I ever needed to. But, my income comes from rental properties and I have more than one of expenses in cash. So as long as you have a good runway you have time to make moves.
Yea, once you "retire" if you can show a small income on your taxes you can get obama care for a couple of hundred bucks a month. But if something happens you and you need care, you could be $15-20K out of pocket.
I agree with most of the money discussion and people delaying retirement longer than they need to. We both retired at 63, 2 years apart. Both worked part time for a couple years before retiring. We just don’t “need’ as much money as we thought we would now that we retired. I don’t agree at all about the not liking my job discussion. That is completely silly. My wife and I both liked our careers. We would do it all over again. I would never want to spend my whole life “retired”. We had a lot of good times. We traveled a lot. Everything in life is a bit of an equation and a compromise. There is no perfect lifestyle. Now that we are retired, we are not bored, but I can see that it could happen. Retirement requires more self motivation, which hasn’t been a problem for us. We also have a good relationship and mostly similar interests. I watched both our fathers get bored. It can be a real thing. I would be careful about assuming other people think the same. Some will, some won’t. Same for what people like. It makes a lot more sense to say “if you think you might get bored, here are some ways to address it or figure out if it’s a real risk”
Congrats on retiring at 63. Its sooner than most people get to do. Thanks for the thoughtful comment. I understand that a lot of people like their jobs, myself included. My point was just that no matter how much you like your job, you don't have freedom to do what you want. The point that I make over and over on this channel is that the most important thing about retirement is that you need to know what you want your retirement to look like. That means figuring out what you are retiring to, not just what you are retiring from. This is the best way to ensure you won't be bored. Some people just retire with no plan, and this is when you could get bored.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Gloria Robinson
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
And you can retire with less $$ when you live intentionally and frugally.There are a lot of things to experience that are free or low cost.ask for that senior discount on everything you buy and do(car insurance phone service, property taxes ..)
You tube reenforces why I can’t retire. I am only capable of making money at my job. Terrible at any kind of side hustle like you tube. I am trying but doing badly with it because I want to retire soon. I am 67. The only thing saving me is that I bought a rental property in 1985 that I can use for some side income. So just saying retire first and then ask questions might not work for a lot of people.
Maybe you can use some equity from the rental to buy another one? Or maybe you can reduce spending? Get a raise at work? Most side hustles aren't going to get there. You need to make bigger changes. I've been doing youtube for like 4 years now and barely make any money. I'm not doing this for the money.
Just saw an article from Blackrock CEO saying that people should work past 65 yrs of age. 😂 We will retire well before the 'normal' retirement age. It's all about mindset to fund future fixed expenses, overshoot a bit on your savings just in case if you are nervous about running out of money.
I guess if you have people giving you half of their income to save for retirement, you want them working as long as possible. I can't believe they said that out loud though. The closer you get to that actual retirement day, the more you keep thinking "maybe a little more... just in case". That is the hard part.
I think the blackrock ceo mentioned this in relation to keeping social security sustainable. As life expectancy has gone up, the age at which social security starts also must be adjusted to prevent the system falling apart.
@@Pieter2360 If they talk about raising the age of SS in France they protest in the streets. If they talk about it in the US we just go "oh well, we knew this would happen anyway". I don't think its a life expectancy thing, more like "we spent all the money thing".
It’s because all the older politicians and c-suite level execs for these companies are still working till their deathbeds. They don’t want to be the only older people working. 😂
The key is figuring out how much is enough. I like make money too. But I spent the last two weeks in Puerto Rico and now I'm in Spain for a month... that is fun too.
Try spending some of your money. I just spent the last two weeks in Puerto Rico and now I'm in Spain. Buy a boat and start fishing. Take some classes. I'm super busy. Start a youtube channel and talk about why retiring early sucks. Most of the people making videos about retiring early haven't even retired and they just want to sell you course.
That is very true. But, I get to do it when I want, and it's still fun for me. That's why I didn't put out a video for two weeks when we had our friends in town. Also... I'm not sure if it counts as work since I get paid about $0.40 an hour for this job. 😂
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
consider investment planning, learning from a well experienced advisor is invaluable
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
@@Rachadrian Could you possibly recommend a CFA you've consulted with?
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
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.
Retirement becomes truly rewarding when you have two key components: a solid financial foundation and a clear sense of purpose. Making wise investment decisions is crucial to achieving strong returns and enjoying a secure retirement.
Rising costs have impacted my original plan to retire at 62, work part-time, and grow my savings. I can't help but wonder if those who navigated the 2008 financial crisis had an easier time compared to the challenges I’m currently facing. Market volatility, combined with a lower income, has me concerned about having enough for a comfortable retirement.
You’re absolutely correct-financial advisors have access to strategies and opportunities that aren’t always available to the general public. I earned £560k in 2022 with guidance from my fiduciary advisor. Am I cashing out? Definitely not. I’m taking a step back to watch how the market evolves.
I’ve been considering that path myself. I have a significant stock portfolio, but some holdings are starting to decline in value. I'm unsure whether to hold onto them or sell, and I think hiring your advisor could help me effectively restructure my portfolio.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for the recommendation. I did some research on Rebecca Lynne Buie, and fortunately, I found her details. My goal is to retire in five years, and I’m hoping her expertise can help me make that a reality.
Overall, 60% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
@RobertsArthurs How can one find a verifiable financial planner? I would not mind looking up the professional who helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@RobertsArthurs Thank you for this tip. it was easy to find your coach. She seems proficient considering her résumé.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to
@@BernardFrederick-tk7un talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Annette Marie Holt turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
@@BernardFrederick-tk7un I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
Life is short. I agree with you
I'm 53, about to retire :) I could (and should) have retired three years ago as I had the money, but like you said, there was this irrational fear of giving up work! Recently, I changed jobs, wasn't planned but an opportunity came up, but it's not working out, and this has given me the kick I needed to just quit working.
Congratulations! Check out my last video and the idea I touch on about "working for free" after you hit a certain point. I think you might like it.
I was in a very similar situation. Retired on my 54th birthday and best thing I ever did. If you have the money, go for it 👍🏻. Wish you the best.
@@dominic8218 Best to you too!
@bitcoinenergy1
What about if you throw bitcoin into the mix ? No one who has held bitcoin for the 4 year cycle has ever lost any money. In fact if you price property in bitcoin everything gets cheaper every four years. How ? because bitcoin unlike the pound is fixed in its supply and the purchasing power gets stronger every four years. For example a house you want to buy today will be cheaper in four years in bitcoin terms. This is why all the leading asset managers are buying and holding bitcoin. Even business are adopting bitcoin to gain competitive advantage. Why and How ? Lets say cashback for example. If you were to offer a customer 5% cashback and give it to them in bitcoin instead of pounds the cashback to them would increaes in value in four years. Hence the 5 pounds given to them in bitcoin would probably be worth 15 to twenty pound in four years. Am I selling bitcoin ? No I just teach other entrepreneures how it works. No spamming or emails. Just some food for thought. You can subscribe to my channel if you wish to learn about bitcoin, Thats it. Tony.
“Fear” has many people over saving, over delaying gratification and overworking.
Yeessss. This is my point. You should check out my last video.
Good information! I just subscribed. 👍
@@davidcuervo1734 Thanks man!
I don’t think delayed gratification is an issue for most people in the US 😂😂
I early retired age 37. Couldn't be happier. Live the life I've always dream of now :)
37 is quite an achievement. Congrats! Living life on your terms is the dream.
LOL.....impossible to retire at 37......you quit.
@@TheRetirementality 💯
What is a typical day like for you as a 37yo retiree?
@@william78583 Varies greatly. I am based in Asia right now. Usually take an adventure or luxury int'l trip for 2 weeks every 2 months. I never had kids, met some very good girls so far that would make a great mother. Focus on fitness (vO2max training, lifting), read, learn and still do about passive investments (passive private placement real estate), learned Spanish, will enroll in a University (GI Bill) in the future to learn a new language or skill), lots of hiking.
We were able to retire from our 9-5 jobs at 28. By far the best decision we made and now can enjoy life in our youth. There are challenges of course, but there our challenges for our business not someone else's. Our net worth also continues to grow because we can focus on that instead of making another company (Your Job) grow.
That is pretty awesome. I'm already subscribed to your channel and have seen your story. Keep on livin the good life.
@@TheRetirementality Thanks brother! You should come share your journey on my podcast?
@@FinancialFreedomLifestyle I would definitely be interested in that. I was just on Two Sides of FI and it was a lot of fun.
@@TheRetirementality that’s awesome. Maybe one day I’ll get one there. do you have IG?
@@FinancialFreedomLifestyle My IG is the same name, I don't really use it anymore though.
The healthcare cost was a big obstacle for me, but Covered California turned out to be pretty reasonable. Another thing that hung me up was the 4% rule, which wasn't quite enough for my living expenses and healthcare. Once I discovered the 5% rule (Guyton's Guardrails), the numbers finally worked out, and I was able to retire.
Do you just have investments like 401K and stocks? Are you in a high cost of living area if you are in CA? It's got to be hard in CA just with the taxes.
@@TheRetirementality Yes I live in San Clemente, California and the taxes here suck. But, I'm able to live a pretty frugal living and pay less taxes, because my house is paid off and property taxes are reasonable. Insurance went way up and so has food and entertainment, so that hurts a bit.
You have showcased different ways of thinking about retirement, well done! & Thank you
Thanks Wayne!
Thanks for teaching us on the proper mindset to adopt
Thanks
You bet. Thanks for watching.
How do you deal with medical insurance if you are not 65?
It depends on the income you have. But obama care is probably the best option.
@@TheRetirementality obamacare is not a viable option if you have had medical issues in the past (due to extremely high deductibles). One relapse could wipe you out. In other countries you can sometimes retire, but not in the US.
For major planned medical procedures you could look into medical/dental tourism and/or get private insurance outside of the USA
@@WanderingTuckers That is a good idea too. My friend in St Thomas used to go to Costa Rica to get dental work done.
@@bradtrades Yea, just the out of pocket money is a big deal for most people if you have a problem. We are looking at exiting the US. Stay tuned for more videos on this topic.
I retired super early at age 30. I haven't worked a job since.
I now set my own terms for living, and make money with my investments and the joy of being a consultant.
I travel the world, and could y be happier!
Don't be hatin'.
Look for ways to escape the Matrix - you can do this, but not with conventional thinking.
It's true... everything thinks we're crazy, then they say we're lucky. You can't retire early doing what everyone else is doing.
Can you please explain how you were able to retire so early.
If you’re a consultant, doesn’t that mean you are working?
Depending on investments to make money in the future to finance your retirement is equivalent to counting your chickens before they hatch. Also try finding a decent job when you’re older. Inflation, taxes, medical expenses, insurance, market crashes, major home repair or expensive life event can put you in a very bad place. The Pollyanna effect doesn’t serve you well in something as critical as retiring. You better have it right the first time. Once you’re unemployed you are ostracized by employers. Your network will abandon you. Poverty and old age is the most miserable situation to be in.
Yea, I guess that depends on your set of skills if you need to re-enter the workforce. I've always been in sales so I can find some kind of job if I ever needed to. But, my income comes from rental properties and I have more than one of expenses in cash. So as long as you have a good runway you have time to make moves.
Health insurance is a big reason, too. Medicare doesn't kick in until 65.
Yea, once you "retire" if you can show a small income on your taxes you can get obama care for a couple of hundred bucks a month. But if something happens you and you need care, you could be $15-20K out of pocket.
I agree with most of the money discussion and people delaying retirement longer than they need to.
We both retired at 63, 2 years apart. Both worked part time for a couple years before retiring. We just don’t “need’ as much money as we thought we would now that we retired.
I don’t agree at all about the not liking my job discussion. That is completely silly. My wife and I both liked our careers. We would do it all over again.
I would never want to spend my whole life “retired”. We had a lot of good times. We traveled a lot. Everything in life is a bit of an equation and a compromise. There is no perfect lifestyle.
Now that we are retired, we are not bored, but I can see that it could happen. Retirement requires more self motivation, which hasn’t been a problem for us. We also have a good relationship and mostly similar interests. I watched both our fathers get bored. It can be a real thing.
I would be careful about assuming other people think the same. Some will, some won’t. Same for what people like.
It makes a lot more sense to say “if you think you might get bored, here are some ways to address it or figure out if it’s a real risk”
Congrats on retiring at 63. Its sooner than most people get to do. Thanks for the thoughtful comment. I understand that a lot of people like their jobs, myself included. My point was just that no matter how much you like your job, you don't have freedom to do what you want. The point that I make over and over on this channel is that the most important thing about retirement is that you need to know what you want your retirement to look like. That means figuring out what you are retiring to, not just what you are retiring from. This is the best way to ensure you won't be bored. Some people just retire with no plan, and this is when you could get bored.
I hate my job! I am taking SS and have an annuity doing nothing at 65 worked my whole life i am over it
It sucks to have a have a job you hate. Figure out what you want to retire to.... so you enjoy the chapter of your life.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Gloria Robinson
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
You trade with Gloria Robinson too? Wow that woman has been a blessing to me and my family.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Telegrams, using the user name
And you can retire with less $$ when you live intentionally and frugally.There are a lot of things to experience that are free or low cost.ask for that senior discount on everything you buy and do(car insurance phone service, property taxes ..)
I did a video comparing the cost of living in Florida to Spain.
You tube reenforces why I can’t retire. I am only capable of making money at my job. Terrible at any kind of side hustle like you tube. I am trying but doing badly with it because I want to retire soon. I am 67. The only thing saving me is that I bought a rental property in 1985 that I can use for some side income. So just saying retire first and then ask questions might not work for a lot of people.
Maybe you can use some equity from the rental to buy another one? Or maybe you can reduce spending? Get a raise at work? Most side hustles aren't going to get there. You need to make bigger changes. I've been doing youtube for like 4 years now and barely make any money. I'm not doing this for the money.
The people who actually love their jobs should keep working and contributing to society.
The society do not care about people
@@sermanojedagil2729 Society IS the people. The people can't survive if we don't have truck drivers, or farmers, or doctors.
I have zero stress good pay and excellent benefits why would I retire?
@@ivobiancucci4528 Exactly. Don't retire or retire as late as you could if you love what you do.
Just saw an article from Blackrock CEO saying that people should work past 65 yrs of age. 😂 We will retire well before the 'normal' retirement age. It's all about mindset to fund future fixed expenses, overshoot a bit on your savings just in case if you are nervous about running out of money.
I guess if you have people giving you half of their income to save for retirement, you want them working as long as possible. I can't believe they said that out loud though. The closer you get to that actual retirement day, the more you keep thinking "maybe a little more... just in case". That is the hard part.
I think the blackrock ceo mentioned this in relation to keeping social security sustainable. As life expectancy has gone up, the age at which social security starts also must be adjusted to prevent the system falling apart.
@@Pieter2360 If they talk about raising the age of SS in France they protest in the streets. If they talk about it in the US we just go "oh well, we knew this would happen anyway". I don't think its a life expectancy thing, more like "we spent all the money thing".
@@TheRetirementality True. Like Churchill once said “American will always do the right thing. After they tried everything else”.
It’s because all the older politicians and c-suite level execs for these companies are still working till their deathbeds. They don’t want to be the only older people working. 😂
Because I like making money.
The key is figuring out how much is enough. I like make money too. But I spent the last two weeks in Puerto Rico and now I'm in Spain for a month... that is fun too.
Retired at 57 and hate it. Only did it because I have $$$. Bored out of my mind
Try spending some of your money. I just spent the last two weeks in Puerto Rico and now I'm in Spain. Buy a boat and start fishing. Take some classes. I'm super busy. Start a youtube channel and talk about why retiring early sucks. Most of the people making videos about retiring early haven't even retired and they just want to sell you course.
I will only retire when I can support my cocaine habit indefinitely.
Not enough people focus on this aspect of retirement. Thanks for joining the conversation. 😂
That’s a solid plan!
@@SpookyEng1 So many things to think about when planning for retirement.
I’m 44 with $5 million, 50% invested in property and 50% invested in a global ETF.
That is awesome. Are you retired?
You're still working...content creation requires work.
That is very true. But, I get to do it when I want, and it's still fun for me. That's why I didn't put out a video for two weeks when we had our friends in town. Also... I'm not sure if it counts as work since I get paid about $0.40 an hour for this job. 😂
Gogogo in your healthiest yrs.you will slow down your spending naturally as your energy health,mobility change later.no worries
For sure. I've watched it with my parents.