Oh wow - the parallels between Ben’s path and my own are uncanny. I emigrated to the US in ‘02 and 5 years later found myself divorced. A 40yo stay-at-home mom having to open my first checking account, apply for a mortgage, find a job and raise two children alone. I took a job to pay the bills that I struggled every morning to wake up for and so immediately set a goal to retire at 55. It felt highly unachievable but I never wavered in my resolve so even I was surprised when I handed back my access badge one week after my 55th birthday. This was the best example of the power of believing in myself and my dreams. Everyone can do this!!
I'm now 82, and have tripled my savings too. I've traveled as much as I wanted too. I'm currently in the same boat, finding it hard to spend. So lately I've been taking my less fortunate friends out to lunch as a treat, and it's been a wonderful way to share wonderful life experiences during a leisurely outing. I have been sharing my computer teaching skills with my much older friends. It's amazing how my friend who is 100 years old, wanted to learn how to use her iPad.
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
I am really enjoying these interviews with real life solicitations and hearing directly from your clients about what they’ve learned about themselves and the whole retirement & tax planning process
James, I've greatly enjoyed and valued your pod casts and this was another great topic to discuss. I retired 3 years ago at 57 and have learned so much from you and can't thank you enough! This past year... after I watched one of your podcasts that discussed a client not wanting to eat the $5 M&M's in his hotel room's mini bar, but instead walked in the heat to a store down the street to save $3 when he was worth millions was an aaa hah moment. This topic doesn't get discussed enough. Thanks for sharing it.
Thank you Ben. As a 53 y/o with a healthy portfolio, I too struggle to spend. For me it started with my upbringing. We didn’t have much and now that I do I find it challenging to spend. I find it easier to spend on experiences rather than material items. Wish me luck.
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
This was really helpful for me. I'm in the same boat Ben was in - I retired at 59 (this past January ) and have a very nice retirement nest egg and I can't seem to let myself enjoy it. This helped me change my thinking a bit - still a work in progress.
This is so timely! Watching James and Ari's content I've become more aware that I am not alone with difficulty spending now that I've retired so am glad you focused on this issue with Ben. Making the shift from watching savings grow to starting the negative cash flow is emotionally difficult. Even with the hard facts that there are sufficient balances that will grow even with a push to spend, it is challenging--a good problem to have, but it is an issue. I think what I need is a budget--a budget for what I need to spend MINIMALLY each month rather than what a typical budget does which is to set an upper limit. That is sort of what Ben has done by creating a pool of funds he has set aside to spend. And perhaps the fact that it cost him money (fewer ACA subsidy dollars) is some motivation to spend it.
James, thank you for doing this video. I am in a similar situation, retired at 56 in 2021. I am trying to balance my natural instinct to not want to spend money. Thankfully I am learning to spend without guilt, allowing myself to have the house painted and do some remodeling of the house, and also do some trips.
I see this problem starting to form. I started spending more money but it's a drop in the bucket. Many things are causing this to be a problem. Retirement planning included things outside of the money. My house is paid in full, all the big hobby items are bought, most of my tools to fix cars and repair the home I own. I buy things that last a long time and I can fix them. I ride an Ebike for exercise and this has become my main form of transportation and it costs hardly anything to keep running. I grow a garden and it supplies 50-60 percent of my food. I spend $100 a month on food at the store and I try to eat organic. The goal is to update appliances like the hot water heater, furnace and AC is the next step. I put new tires on the cars and will start doing more preventive repairs on the car. All of this work is a short term bump in spending. I think the only long term answer is giving money to charities.
James, When you and Ari post nuts and bolts videos, it’s great. However these interviews that you both have done add a different dimension to things. Thanks .
Helpful topic. For my own application it would have been more beneficial to hear Ben’s actual “magic number” and monthly budget if he was comfortable sharing that info.
I plan having a chart and growing my starting balance by 3% a year and will reference the chart every January and take out all $money above the amount and put into a slush bucket fund for spending.Will start with 3-5 years sending cash on hand too
Thank you both for sharing, this has been very helpful. I'm in a similar situation to John. Retired mid-fifties, chasing the ACA subsidies and probably putting too much emphasis on them. One difference, though, is that I have not had as much difficulty spending money on travel. I have a travel-specific budget and adhere to it, spending about 50% of my time on the road. It's the primary reason I retired early. I still don't feel good staying in a premium hotel, or paying for a premium seat on a flight, but do so from time to time whenever the budget allows and I feel there is some value in doing so.
Thanks Ben for sharing your story. I can easily imagine how, after a lifetime of saving, it could be psychologically daunting to flip the switch and start drawing down. Glad to hear that you figured out a plan before too many years have gone by! Enjoy your travels.
So grateful for this interview. Retired June of 2020 so the travel, activities, and experiences I had planned for were rearranged but not discarded. Plan B was implemented and currently enjoying the fruit of my labor.
One thing that has helped me is to divide my income (pension, portfolio) into two. One funds my essential spending and goes directly into my chequing account. The other goes into a high interest savings account to fund discretionary spending. Mentally I know all my bills will get paid which then gives me permission to spend whatever is in the discretionary account without worry.
I can strongly relate to just about everything he said, especially pre-retirement, other than perhaps the unwillingness to spend now that I'm retired. Tried to retire at 57, got a great offer to remain part-time, then fully retired at 59.
Interesting how we can get focused on one aspect of retirement (even best intentions) while missing out on big picture opportunities - thanks for sharing your story!
Great video...a clear case of the portfolio tale wagging the retirement dog. I'm concerned that this will be me when I retire because I am laser focused on accumulation, to the point where it's almost like a game or competition. I live a very frugal lifestyle, but I want my retirement to be richer in experiences.
Excellent topic. Thanks for the great interview and sharing Ben's insights. I'm not fully retired yet, but I'm in the last stages of moving towards accessing the portfolio. During this transition, I've begun telling myself that since I'm no longer paid by others, I am now paying myself.
This was a good interview. I wish that the "magic number" was divulged. It sounds like a few commenters are in similar situations, and going from saving to spending is a hard transition, especially if you've saved enough to be free at 53. Are we talking about a "it'll be ok $1M" or a "now you're just being silly $100M?" The sound quality wasn't great though. If it helps, there are apps that the remote person can install on their PC or phone (where the mic tends to always work) that lets them record locally and then send you the raw audio. Don't know how much production work that is, but it's clear.
Yes, if you have the travel bug, plan to feed it and feed it well. We set our travel spending in a separate fund at the beginning of the year and are spending it quite well. Ben, thanks for sharing. James, an excellent interview as usual.
James, as always, I appreciate the rational, even, informative, and levelheaded way you deliver investment and retirement related information and guidance. This conversation was extremely valuable and pertinent to me, as I am looking to retire within the next several months. Fears about transitioning into a spending from savings mindset is something I have been thinking about a lot. Hearing this firsthand account is both reassuring, but also helpful in knowing what factors to weave into my planning that I had not previously considered. Thanks again!
Very informative video you have, I have been able to understand the messages you pass but there are some other challenges that may come about when taking some other risks
I really enjoyed this conversation with Ben. Chasing ACA subsidies makes it so hard to pull money out of traditional retirement accounts (or really anything that increases income). I'm looking to retire in 2.5 years (@55) and am going to try and save cash between now and then. Maybe even take COBRA for 18 months and pull from my 401k before going on ACA. I just don't want to feel trapped like Ben did by the lure of massive subsidies.
Look into “temporary” or “non-ACA compliant” plans. They’re a great $ saving option for those who are healthy and only need coverage for a couple years.
I am curious if he is concerned about RMDs. I am reviewing my concerns about being in a higher tax bracket at age 75, and the larger percentage of tax that will be taken. In his case, wouldn't that alone motivate spending a bit more now to save later.
Taking the ACA subsidies can have opportunity costs: 1. higher tax bracket in the future, due to growing savings balance; 2. missed spending opportunities, due to forced lower income, 3. limits Roth conversions. Ben is probably going to be back in the same predicament once he starts Roth conversions. To maximize conversions, it is helpful to limit spending. I can say this from personal experience. I'm in year 10 of 13 of Roth conversions. Ben and I are in the same boat. The lure of ACA subsidies and Roth conversions are lucrative and difficult to pass up. But, there's no free lunch, as they come with opportunity costs. My final year of Roth conversions will be in 2027. In 2028 when I'm 67, I can finally increase my spending (a LOT). Tip: combining a cash out refinanced mortgage with Roth conversions can be effective: use the cash to pay taxes on conversions along with having extra cash to SPEND.
It sounds like he should have a higher cash balance before retirement. Cas gives you options for Obama care and withdrawal amounts from your investments
My fear is a repeat of the 1970s. The two-plus decade real return ending in the summer of 1982 was just 1.4% per year. That time frame featured an annual inflation rate of nearly 6%. My approach is to accumulate massive wealth, so I need only take about 2%. Leaving a legacy is the goal
hearing from current retirees about how they've doubled and tripled their account values since initially retiring is of no worth to me at all. we've been in a bull market for the majority of the last 15 years. that does not translate to the next 15 years which is what matters to me. I get how it COULD happen, but i also know that market returns are very unlikely to be as strong as they have been the last 15 years.
You just Played a strategic card to get many Baby Boomers to realize they "Can Spend" without risk.... I notice many of the Young Financial guys like you have picked up on this. Who taught you this weakness to exploit? Honest question.. Well done.
Aren’t ACA Health care subsidies funded by tax payer dollars? So he retired early and elected to allow taxpayers to subsidize his retirement by keeping his income low while his portfolio grew? Meanwhile, after 50 years of paying Medicare taxes, my parents are forced to pay a Medicare premium that is MORE that what they payed as corporate employees and it is terrible health care coverage. They have to buy a supplemental plan AND a drug plan as well. Their total Medicare premiums are about 3 times what they payed as corporate employees
Thank the clowns in congress and the senate who passed that monstrosity and the prez who signed it into law. It was heralded as “solving the healthcare affordability crisis” by the media. It did the opposite.
Wow. Just wow. I’m surprised you feel justified making a comment like this; usually we see this type of snarky comment from people who don’t show their photo or their name, Helen.
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
Oh wow - the parallels between Ben’s path and my own are uncanny. I emigrated to the US in ‘02 and 5 years later found myself divorced. A 40yo stay-at-home mom having to open my first checking account, apply for a mortgage, find a job and raise two children alone. I took a job to pay the bills that I struggled every morning to wake up for and so immediately set a goal to retire at 55. It felt highly unachievable but I never wavered in my resolve so even I was surprised when I handed back my access badge one week after my 55th birthday. This was the best example of the power of believing in myself and my dreams. Everyone can do this!!
Everyone!
Anyone in America (and the West) can be financially secure by the time they retire....
Thank you for your testimonial
I'm now 82, and have tripled my savings too. I've traveled as much as I wanted too. I'm currently in the same boat, finding it hard to spend. So lately I've been taking my less fortunate friends out to lunch as a treat, and it's been a wonderful way to share wonderful life experiences during a leisurely outing. I have been sharing my computer teaching skills with my much older friends. It's amazing how my friend who is 100 years old, wanted to learn how to use her iPad.
God bless you
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
I am really enjoying these interviews with real life solicitations and hearing directly from your clients about what they’ve learned about themselves and the whole retirement & tax planning process
James, I've greatly enjoyed and valued your pod casts and this was another great topic to discuss. I retired 3 years ago at 57 and have learned so much from you and can't thank you enough! This past year... after I watched one of your podcasts that discussed a client not wanting to eat the $5 M&M's in his hotel room's mini bar, but instead walked in the heat to a store down the street to save $3 when he was worth millions was an aaa hah moment. This topic doesn't get discussed enough. Thanks for sharing it.
Thank you Ben. As a 53 y/o with a healthy portfolio, I too struggle to spend. For me it started with my upbringing. We didn’t have much and now that I do I find it challenging to spend. I find it easier to spend on experiences rather than material items. Wish me luck.
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
This was really helpful for me. I'm in the same boat Ben was in - I retired at 59 (this past January ) and have a very nice retirement nest egg and I can't seem to let myself enjoy it. This helped me change my thinking a bit - still a work in progress.
This is so timely! Watching James and Ari's content I've become more aware that I am not alone with difficulty spending now that I've retired so am glad you focused on this issue with Ben. Making the shift from watching savings grow to starting the negative cash flow is emotionally difficult. Even with the hard facts that there are sufficient balances that will grow even with a push to spend, it is challenging--a good problem to have, but it is an issue. I think what I need is a budget--a budget for what I need to spend MINIMALLY each month rather than what a typical budget does which is to set an upper limit. That is sort of what Ben has done by creating a pool of funds he has set aside to spend. And perhaps the fact that it cost him money (fewer ACA subsidy dollars) is some motivation to spend it.
Same problem, same solution for me. Put money aside each year that I have to spend on discretionary spending. Great conversation.
My dad retired early too, but it took him a while to feel comfortable spending the savings he worked so hard for. It's all about finding that balance
James, thank you for doing this video. I am in a similar situation, retired at 56 in 2021. I am trying to balance my natural instinct to not want to spend money. Thankfully I am learning to spend without guilt, allowing myself to have the house painted and do some remodeling of the house, and also do some trips.
I see this problem starting to form. I started spending more money but it's a drop in the bucket. Many things are causing this to be a problem. Retirement planning included things outside of the money. My house is paid in full, all the big hobby items are bought, most of my tools to fix cars and repair the home I own. I buy things that last a long time and I can fix them. I ride an Ebike for exercise and this has become my main form of transportation and it costs hardly anything to keep running. I grow a garden and it supplies 50-60 percent of my food. I spend $100 a month on food at the store and I try to eat organic.
The goal is to update appliances like the hot water heater, furnace and AC is the next step. I put new tires on the cars and will start doing more preventive repairs on the car.
All of this work is a short term bump in spending. I think the only long term answer is giving money to charities.
James, When you and Ari post nuts and bolts videos, it’s great. However these interviews that you both have done add a different dimension to things. Thanks .
Helpful topic. For my own application it would have been more beneficial to hear Ben’s actual “magic number” and monthly budget if he was comfortable sharing that info.
Awesome interview! Best one yet imho. Really appreciate Ben sharing his experience retiring in his early 50s.
I plan having a chart and growing my starting balance by 3% a year and will reference the chart every January and take out all $money above the amount and put into a slush bucket fund for spending.Will start with 3-5 years sending cash on hand too
Thank you both for sharing, this has been very helpful. I'm in a similar situation to John. Retired mid-fifties, chasing the ACA subsidies and probably putting too much emphasis on them. One difference, though, is that I have not had as much difficulty spending money on travel. I have a travel-specific budget and adhere to it, spending about 50% of my time on the road. It's the primary reason I retired early. I still don't feel good staying in a premium hotel, or paying for a premium seat on a flight, but do so from time to time whenever the budget allows and I feel there is some value in doing so.
You deserve it
Thanks Ben for sharing your story. I can easily imagine how, after a lifetime of saving, it could be psychologically daunting to flip the switch and start drawing down. Glad to hear that you figured out a plan before too many years have gone by! Enjoy your travels.
So grateful for this interview. Retired June of 2020 so the travel, activities, and experiences I had planned for were rearranged but not discarded. Plan B was implemented and currently enjoying the fruit of my labor.
One thing that has helped me is to divide my income (pension, portfolio) into two. One funds my essential spending and goes directly into my chequing account. The other goes into a high interest savings account to fund discretionary spending.
Mentally I know all my bills will get paid which then gives me permission to spend whatever is in the discretionary account without worry.
I can strongly relate to just about everything he said, especially pre-retirement, other than perhaps the unwillingness to spend now that I'm retired. Tried to retire at 57, got a great offer to remain part-time, then fully retired at 59.
What a terrific open conversation. Thank you both for sharing!
Interesting how we can get focused on one aspect of retirement (even best intentions) while missing out on big picture opportunities - thanks for sharing your story!
Great video...a clear case of the portfolio tale wagging the retirement dog. I'm concerned that this will be me when I retire because I am laser focused on accumulation, to the point where it's almost like a game or competition. I live a very frugal lifestyle, but I want my retirement to be richer in experiences.
Habits, even good habits, are sometimes hard to break
Do not kick yourself too hard Ben ! Great job and eposide
It would of been nice to hear his actual numbers.
Excellent topic. Thanks for the great interview and sharing Ben's insights. I'm not fully retired yet, but I'm in the last stages of moving towards accessing the portfolio. During this transition, I've begun telling myself that since I'm no longer paid by others, I am now paying myself.
This was a good interview. I wish that the "magic number" was divulged. It sounds like a few commenters are in similar situations, and going from saving to spending is a hard transition, especially if you've saved enough to be free at 53. Are we talking about a "it'll be ok $1M" or a "now you're just being silly $100M?"
The sound quality wasn't great though. If it helps, there are apps that the remote person can install on their PC or phone (where the mic tends to always work) that lets them record locally and then send you the raw audio. Don't know how much production work that is, but it's clear.
Enjoying this and hearing other’s plans for early retirement
My experience is very similar to Bens. Thanks for the insight guys!
Yes, if you have the travel bug, plan to feed it and feed it well. We set our travel spending in a separate fund at the beginning of the year and are spending it quite well. Ben, thanks for sharing. James, an excellent interview as usual.
Pre-'spending' in a trip/fun bucket sounds like a great idea. Thanks guys!
James, as always, I appreciate the rational, even, informative, and levelheaded way you deliver investment and retirement related information and guidance. This conversation was extremely valuable and pertinent to me, as I am looking to retire within the next several months. Fears about transitioning into a spending from savings mindset is something I have been thinking about a lot. Hearing this firsthand account is both reassuring, but also helpful in knowing what factors to weave into my planning that I had not previously considered. Thanks again!
Great interview, James!
I love Ben’s idea of putting the “fun money” aside in a separate account at the beginning of the year!
Loved this ❤
Great Video. I already know that Spending will be my biggest problem in Retirement! Also reviewing my budget app at least twice a day lol
Amazing! Yes! Best context ever! ❤❤
I enjoyed how you didnt number crunch during this interviw but rather explored how he transitioned to retirement.
Very informative video you have, I have been able to understand the messages you pass but there are some other challenges that may come about when taking some other risks
I really enjoyed this conversation with Ben. Chasing ACA subsidies makes it so hard to pull money out of traditional retirement accounts (or really anything that increases income). I'm looking to retire in 2.5 years (@55) and am going to try and save cash between now and then. Maybe even take COBRA for 18 months and pull from my 401k before going on ACA. I just don't want to feel trapped like Ben did by the lure of massive subsidies.
Ah. Good idea to do COBRA for the first year or two to pull enough/more to make ACA easier to reach over the next 4-5 years.
Look into “temporary” or “non-ACA compliant” plans. They’re a great $ saving option for those who are healthy and only need coverage for a couple years.
Did i miss it. How large was his portfolio?
I am curious if he is concerned about RMDs. I am reviewing my concerns about being in a higher tax bracket at age 75, and the larger percentage of tax that will be taken. In his case, wouldn't that alone motivate spending a bit more now to save later.
Ben go to Thailand!!! It’s beautiful
Retired at 53 in 2017, so now 60? Delaying the Roth conversions is insane. It will be harder later with even more money.
Taking the ACA subsidies can have opportunity costs: 1. higher tax bracket in the future, due to growing savings balance; 2. missed spending opportunities, due to forced lower income, 3. limits Roth conversions.
Ben is probably going to be back in the same predicament once he starts Roth conversions. To maximize conversions, it is helpful to limit spending. I can say this from personal experience. I'm in year 10 of 13 of Roth conversions.
Ben and I are in the same boat. The lure of ACA subsidies and Roth conversions are lucrative and difficult to pass up. But, there's no free lunch, as they come with opportunity costs.
My final year of Roth conversions will be in 2027. In 2028 when I'm 67, I can finally increase my spending (a LOT).
Tip: combining a cash out refinanced mortgage with Roth conversions can be effective: use the cash to pay taxes on conversions along with having extra cash to SPEND.
It sounds like he should have a higher cash balance before retirement. Cas gives you options for Obama care and withdrawal amounts from your investments
My fear is a repeat of the 1970s.
The two-plus decade real return ending in the summer of 1982 was just 1.4% per year.
That time frame featured an annual inflation rate of nearly 6%.
My approach is to accumulate massive wealth, so I need only take about 2%.
Leaving a legacy is the goal
Sounds like me. Most of my friends demonstrate the same behavior.
I hear Roth conversion mentioned. I don’t earn ( work) you can’t convert . I need more info.
Is Ben using software that might give him more confidence to spend?
Wow. It’ll be interesting to know what that “magic number” was at the beginning of his retirement.
James this is worth a follow up. Is Ben a ROOT client?
I had the same question.
hearing from current retirees about how they've doubled and tripled their account values since initially retiring is of no worth to me at all. we've been in a bull market for the majority of the last 15 years. that does not translate to the next 15 years which is what matters to me. I get how it COULD happen, but i also know that market returns are very unlikely to be as strong as they have been the last 15 years.
All the info James provides is awesome, but I contacted root vía email and message, and never heard back.
Approaching double? Get living!
Thank you. It would be more instructive if you actually show numbers in your videos.
poor audio quality
Qualifying for health insurance subsidies while retiring in early 50s and paying for vacation Air BnBs. That seems perfectly fine.
You just Played a strategic card to get many Baby Boomers to realize they "Can Spend" without risk.... I notice many of the Young Financial guys like you have picked up on this. Who taught you this weakness to exploit? Honest question.. Well done.
I want out and i'm 51 Lol
Spend your money or you're be the riches person in the cemetery...
Aren’t ACA Health care subsidies funded by tax payer dollars? So he retired early and elected to allow taxpayers to subsidize his retirement by keeping his income low while his portfolio grew?
Meanwhile, after 50 years of paying Medicare taxes, my parents are forced to pay a Medicare premium that is MORE that what they payed as corporate employees and it is terrible health care coverage. They have to buy a supplemental plan AND a drug plan as well. Their total Medicare premiums are about 3 times what they payed as corporate employees
Thank the clowns in congress and the senate who passed that monstrosity and the prez who signed it into law. It was heralded as “solving the healthcare affordability crisis” by the media. It did the opposite.
Wanted to protect his subsidy.. keep the other taxpayers covering his healthcare costs..
Sorry, James. This was boring. I fast-forwarded through it.
Too long of an interview.
Does this guy have a wife or kids
Where's your significant other, Ben? Too driven on money to invest in a relationship? 😢
Most men who already lost half of their assets in a divorce have no desire to make that mistake twice.
Shame on you
Yeah, that was just mean.
Wow. Just wow.
I’m surprised you feel justified making a comment like this; usually we see this type of snarky comment from people who don’t show their photo or their name, Helen.
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.