Great video and discussion Ari. You brought up some good points and to some extent or another I could relate to a few of them. I've been retired for 13 years and I did what you called recreational employment. When I left my career job I said I'll take a few months off to do a few things and then just do some jobs I find interesting or always wanted to do. I've always been in to cars and racing so I worked at a drag strip running the staging lanes for 5 years. I also drove blood products around delivering to hospitals and picking up from blood drives covering the entire county I live in and it's a big one. I have done many things and had a blast being retired and my only true regret is not retiring earlier and that our plans to travel have not worked out as planned - life happens and wife's health changed. My biggest joy has been in gifting that you discussed. I have been blessed to be able to help at times and make real, impactful differences in peoples lives, both in and out of the family. Keep up the great content Ari. Larry, Central Valley, Ca.
Thank you, Ari. Some of these were great reminders for me. We're looking forward to a 2nd European trip with our son and his wife where we are treating them. It will be a blessing to all since they are currently saving to buy a house and will need different vehicles at some point.
I loved this video! These are very important financial and emotional aspects of retirement and planning that aren't discussed as often. I felt this was very genuine advice that you have learned personally and through your clients' experiences. Well done, Ari!
Thanks Ari for another great video! I have to keep telling myself to look at my end goal and not only the impact of the IRMAA surcharge. The planning to go from working to recreational employment takes a little getting used to but I'm sure that I'll get more used to it after I retire in 6 months; as I'm enjoying the tropical weather during vacations.
Hi Ari, I think a good future topic would be how to decide if a person is at 'self-insure' status as it relates to Long Term Care insurance. Thanks for all the hard work.
Yep, I retired at 50 with a government pension and lifetime health insurance - so I am so, so fortunate. But we dumped the maximum into our USG-type 401K (Thrift Savings Plan) and didn't put enough into a post-tax account to access between ages 50 and 59.5.
Just posted today on a video you did 6 months ago so I’m reposting, Your TH-cam channel is awesome. I follow you and James as I have always found the topic of “Financial Planning”, interesting. I don’t use you (yet) as I have a financial advisor who I have taken what I’ve learned from both of you and have been able (in a nice way) to discern what his strengths and weaknesses are. As such, is there a book or guide where individuals like myself who are not trying to obtain a CFP designation but want to know more of what both of you share so that we can have the proper discussions with our advisors?
Ari, Unrelated to your actionable goals…How do you deal with the trolls who are always trying to find things wrong with your videos? Maybe your response would be applicable to retirement planning.
Arri, I’m sure you’re aware, but there are a huge amount of scammer posts in your comments. Thread after thread of a soft pitch and then a name recommendation for an advisor. You really should address this in one of your videos to make people aware not to follow anybody in the comments.
Stopping to consider why we do the things we do is a big one (big houses, fancy cars, flashy clothes). Once my only child was grown and out of the house, I (single mother) sold my 3000 sq. ft. house and downsized into a condo so that I would have much lower overall expenses and could invest that money to better prepare for retirement. That big house was part of my identity and it was a very hard and difficult decision, but one that was necessary to set me up for success.
Great video and discussion Ari. You brought up some good points and to some extent or another I could relate to a few of them. I've been retired for 13 years and I did what you called recreational employment. When I left my career job I said I'll take a few months off to do a few things and then just do some jobs I find interesting or always wanted to do. I've always been in to cars and racing so I worked at a drag strip running the staging lanes for 5 years. I also drove blood products around delivering to hospitals and picking up from blood drives covering the entire county I live in and it's a big one. I have done many things and had a blast being retired and my only true regret is not retiring earlier and that our plans to travel have not worked out as planned - life happens and wife's health changed. My biggest joy has been in gifting that you discussed. I have been blessed to be able to help at times and make real, impactful differences in peoples lives, both in and out of the family. Keep up the great content Ari. Larry, Central Valley, Ca.
Much appreciated and I know others appreciate this as well.
Thank you, Ari. Some of these were great reminders for me. We're looking forward to a 2nd European trip with our son and his wife where we are treating them. It will be a blessing to all since they are currently saving to buy a house and will need different vehicles at some point.
solid vid, Ari. a lot of truths.
"nothing is more expensive than regret."
I loved this video! These are very important financial and emotional aspects of retirement and planning that aren't discussed as often. I felt this was very genuine advice that you have learned personally and through your clients' experiences. Well done, Ari!
Thanks Gina!
Thanks Ari for another great video! I have to keep telling myself to look at my end goal and not only the impact of the IRMAA surcharge. The planning to go from working to recreational employment takes a little getting used to but I'm sure that I'll get more used to it after I retire in 6 months; as I'm enjoying the tropical weather during vacations.
Hi Ari, I think a good future topic would be how to decide if a person is at 'self-insure' status as it relates to Long Term Care insurance. Thanks for all the hard work.
Added to my list :)
Your videos are great. Keep it up and hope your surgery went/goes well.
Thank you
I can agree with number one but I would mention to optimize Roth contributions before taxable
Yep, I retired at 50 with a government pension and lifetime health insurance - so I am so, so fortunate. But we dumped the maximum into our USG-type 401K (Thrift Savings Plan) and didn't put enough into a post-tax account to access between ages 50 and 59.5.
(Just retired late 2023 and realized the mistake immediately. Had my husband, who is still working, halve his TSP contributions.
Your incite is greatly appreciated 👍🏼
Thank you!
Just posted today on a video you did 6 months ago so I’m reposting,
Your TH-cam channel is awesome. I follow you and James as I have always found the topic of “Financial Planning”, interesting. I don’t use you (yet) as I have a financial advisor who I have taken what I’ve learned from both of you and have been able (in a nice way) to discern what his strengths and weaknesses are. As such, is there a book or guide where individuals like myself who are not trying to obtain a CFP designation but want to know more of what both of you share so that we can have the proper discussions with our advisors?
Ari, Unrelated to your actionable goals…How do you deal with the trolls who are always trying to find things wrong with your videos? Maybe your response would be applicable to retirement planning.
Part of the job :)
Arri, I’m sure you’re aware, but there are a huge amount of scammer posts in your comments. Thread after thread of a soft pitch and then a name recommendation for an advisor. You really should address this in one of your videos to make people aware not to follow anybody in the comments.
Thank you. Very aware and my team is tackling as much as we can - but they're wild! Will address and thank you for the reminder.
retirement is great, I did not hate my job it was great, but 40 years with the feds was enough
I did 22 years with the feds and pulled the rip cord. I doubled my income and retired early
Stopping to consider why we do the things we do is a big one (big houses, fancy cars, flashy clothes). Once my only child was grown and out of the house, I (single mother) sold my 3000 sq. ft. house and downsized into a condo so that I would have much lower overall expenses and could invest that money to better prepare for retirement. That big house was part of my identity and it was a very hard and difficult decision, but one that was necessary to set me up for success.