Great advice. As a retired financial planner who retired at age 55, (I'm now 71), I agree 100%. A client once said to me that her motto was "Thrifty til 50, then spend til the end". I love that. However, when you've spent a lifetime saving and being careful, it's not easy to change those habits. One thing I'd add to the avoidance of negativity point is to look for the funny side in everyday life. It's a mind set that makes life so much more fun, and well as providing some laughs. And one final thing I'd add is that you should front load your retirement with your BIG plans. However long or short your retirement may be, the first half is likely to be in better fitness and health than the second half. The best time to do something is when you first think of it!
Thanks very much for your comment Roger, appreciate your sharing your advice and some great points you make. Couldn't agree with your more on looking at the funny side in everyday life. You have to try and make light of things. Laughing is one of life's understated joys!
WOW, i love this video. No one says this stuff to anyone, never mind retiree's. "stop watching the news", "lose negative people" brilliant strategy i realised a long time ago, and i have always felt better for it. Some people find it strange when i am asked "did you see XXXXX on the news", "no i dont watch the news", see their faces!!!
Glad you enjoyed the video. The news is a funny old one, we feel like we are supposed to watch it but nothing good is ever reported and nobody feels better for watching the news!
I 100 % agree. At 60 you still feel fit and well, I retired at 60 and I valued the time above money and I was right despite a generous offer from my employer to go back as a subcontractor doing the same job. It was slow at first but visits to the Dr did become more frequent. Nothing too serious. Keeping fit and taking some extra vitamins because your body dosn,t produce them in quantity any more. I take vitaminD and k2 in one pill. A healthy diet and not too much of it and definately not junk food. At 76 am considering Aus next year. Had I not saved up for that early retirement I do not quite know where I would be but 68 is far too late.
I couldn't agree more, I retired early and your 10 points have been the way we try to live. It's ever so easy to get sucked into negativity on TH-cam and the news..Keep up the good work.😊
I'm 60 and will retire at 70 in Canada. Over the years I've thought of many costly things I thought I wanted in retirement but realize that what is truly important to me is music and nature which are free but will attend an occasional concert - I've travelled a lot previously but now vacation at home or close by.
Love this. When you realize what is truly important it is great for the mind. You are not the only one who shares the same opinion on travel. I find those that have travelled a lot are happier just to stay close to home.
Greetings from England. Nice video thanks for sharing. It’s so important to focus on other areas as well as financial. Health, social, general happiness are all much more important! I’m 53, got 2 years to go (maybe 3 lol). I’m not wishing my life away, but I am looking forward to it
Very informative. I’ve been working since age 18 and retired at age 56 … this month. My recent financial plan revealed to me that we as a household are currently spending about $4000 a month and we can bring that to $9000 a month immediately . All these years of sacrifice and saving money have paid off . The problem is …. How do I go from saving to spender mode? I don’t know to spend money. I asked my financial advisor. What do I do? I don’t need anything . To my surprise, he told me this is a very common problem . I suggested maybe we go out for dinner a couple of times a week . He just laughed and said it’s not gonna help you . Maybe you should go on a trip couple times a year . That might make a dent . Also , he added stop saving.
First off congratulations on your retirement. Secondly you are not alone with this issue, many people struggle. The first question I would ask is what does money mean to you? Then I would probably follow that up with what is most important to you in your life? Yes you can spend it on dinners and trips but it isn't really going to give you much satisfaction if that isn't important to you or something you truly enjoy.
Same problem here , I also retired at 56 working non stop since I was 18. It’s an adjustment to flip that switch from saving to now starting spending . 3 years later to today it’s better and not as scary anymore knowing I will have enough to last.
That's a big thing for most folks, the constant worry of having enough to last makes it even more difficult to flip that switch. I am glad things are going better now for you though @joebobby905
Retire before 60 if you can , because time isn't on your side any longer. The biggest regret most have is that they should of Retired earlier , while your fit enough don't wait for pension age because it's to late. So get Retired and start spending like there's no tomorrow because there might not be.
I agree with your sentiment on retiring before 60 and spending to do the things you want to do. Maybe just dial that back a bit from spending like there is no tomorrow though. If you are fit and healthy there is more chance there will be a tomorrow than not.
@@beachesfinancialgroup Yup - I quit at about 55 with a little bit of a pension, and started making some money in ways that were much more pleasant. But I spent my money like there IS a tomorrow, and I would need food and a roof over my head when tomorrow came - which it did, and has continued to, so far ... !
I've never put off travel which is why, when I retire next month at 63 I'm taking my last bucket list trip (Mediterranean cruise). My partner said we should go NEXT year when I'm retired, to which I said "we're going while I'm earning a healthy paycheque and paid time off." Next year: gardening, hobbies and my craft projects will keep me busy and happy. I've put my CPP aside in high interest investments that come due every few months so I can ride out the 2 yrs before I can collect OAS.
You never know what tomorrow has in store so I agree, if you can do it and it works within your overall budget, why not. Where abouts in the Mediterranean does the cruise stop at?
Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $600K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
Took a few years to convince myself to get going. So now, retired at 63, 4 months in, I just romped through Brazil and heading to Patagonia. Back home by Thanksgiving, then to Egypt. No regrets, lots of fun experiences.
You are living the dream. I spent a bit of time in South America many years ago. Great continent. So much history. Do you plan to be on the road a lot in retirement?
Just found this mate, Great video, Just retired, Lots of good points, The only thing I worry about is no one knows how long they will live so will l have enough money it's trying to work out a balance maybe. Thank you.
I regret the last three years I worked, I should have left at 55. The net gains I made in the last 3 years were so small they were overshadowed by the things I no longer had to buy or do once I ditched the 9-5. In retrospect I wish I had done a year by year analysis of what I would actually spend in retirement to be able to compare that to what I was earning/spending.
Offspring have progressively have been coddled to point of ridiculous. Let them go and fight it out with life, YOU DID! A point we'll made on your children..best one of the 10
There is definitely a balance to be found. You don't need to through them out to the wolves but a little bit of life experience would do no harm. We have all gotten a bit soft.
@@beachesfinancialgroup working one more year always makes sense. I could have stopped work a year earlier. Don’t listen to those telling you you’re too young to retire. Plan properly- live on your budgeted expenses for a while before you retire and then retire as soon as you can. It’s awesome.
@@paulwhateley7850 Great suggestions. That is one thing I always recommend to clients. Test run your retirement budget. And agreed on the "too young" comment. Nobody is too young to retire in my eyes.
I am in a position to retire at 56. Had intended to work until 58. But the job was depressing me. So that’s decided it. I can always find a way to earn money if needed. I can’t create more time.
Totally agree re "stop watching the News" I no longer worry about things I cannot resolve! Selfish perhaps? Sorry: - Middle East war, - Ukraine - Immigration - Politics - UK decline - UK housing shortage - Global warming I sleep better without you.
You rarely find a positive story in the news. If you have it on too much you run the risk of falling into the trap that everything and everyone is bad.
It’s got me thinking .. so thank you .. I’ll be 60 in 2026 .. I will get a reduced pension for leaving early but I’ve been saving hard since 2010 in addition to my work pension so can take the hit .. only today I was thinking maybe I could work another 7 months just to save a bit more money .. then watched this .. maybe I actually don’t need to . I have no mortgage , no dependents and have no interest in travelling overseas spending mega bucks .. so far all I want to do is visit Cornwall .. exercise more by walking and having freedom .. retirement is the only time in life you have an opportunity to be free ..
If this video has helped you make the leap a little early and enjoy your life, I am happy! And Cornwall is a beautiful place so enjoy once you get there!
It’s all about cutting your cloth in terms of finances .. I won’t be loaded but should have enough for a simple life and there is a lot to be said for a simple life I know that much 🕊️
Thanks for the quick run down. Nine of the ten don't apply to me. The one that does apply is eating me up, consumes my every waking hour, and will either be the one regret that I take to my grave or be the one worthwhile thing I did in my life.
@@beachesfinancialgroup #8. Hard decisions will have to be made ... the situation is moving in a positive direction, but at a pace that will cross a tipping point soon. ("Soon" being now according to some professional advisors, or as long as 9 years according to others.)
many people work too long because they define themselves by what they do and not who they are. i never gave up on my hobbies and always have new ones/challenges so i couldnt wait to retire.. my career never defined me - it was just a necessity to make the money. i retired at 43 and now 57 and for me the freedom is still priceless..
Haha. I have been in Canada long enough to know the drill when it comes to the Leaf's. They sucked me in during the early years and now I know to expect disappointment. Anything better is a bonus!
I'm due to retire aged 60 in March - I can't deny that it worries me, especially if I'll have enough money, but literally everyone I've spoken to has said definitely go and I'll be surprised by how I'll manage financially.
Not having enough is the biggest concern I see. Humans have a great ability to adapt though. Make sure you do a retirement income scenario if you haven't already done so and try to live on your projected retirement income as much as possible between now and March.
@beachesfinancialgroup I've done the 50-70% income projection compared to my salary, and on paper, I'm well within my limits - here's keeping fingers crossed
I am not a huge fan of the 50 - 70% income projection. I prefer to base it on actual expenses but if you are within your limits then all good. Best of luck for retirement when it rolls around.
The feeling of not having enough is always there for a lot of people. It's natural. But I agree with you, there are a lot of people that do have enough and a good number of those that don't could probably make some small tweaks to make it work.
Super solid advice! Also, listening to this video makes me feel as if Pippin from the Lord of the Rings is giving me advice, which I also happen to love.
Great video, excellent points and I relate to quite a bit of it. I'll be 65 in March and a bit freaked out, I mean, how did this happen?? Wasn't I just 42?? You're living in Canada but are you Scottish?
Glad you enjoyed the video. I know exactly what you mean, time just flies by, I don't know where the years go! I am Scottish, born and bred but moved to Canada nearly 13 years ago now. Canada is a great place. Are you retired or getting close to retiring?
An increasing number of people may face challenges in retirement. Low wages, rising inflation, and high rents make it difficult to save. On top of that, many middle-class Americans are now struggling to afford homeownership, leaving them without a stable place to retire.
Rising costs have affected my plan to retire at 62, work part-time, and continue saving for the future. I can’t help but wonder if those who went through the 2008 financial crisis had an easier time than I’m facing now. The combination of stock market volatility and reduced income is making me anxious about whether I’ll have enough funds to sustain my retirement.
This is exactly why I rely on a portfolio coach to guide my daily market decisions. Their expertise in simultaneously going long and short, leveraging risk for asymmetrical gains, and using it as a hedge against inevitable downturns makes underperformance almost impossible. Over the past two years of working with a portfolio coach, I’ve earned over $800,000.
Rebecca Lynne Buie is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
these days if you're not financially independent after working full-time 18 years or less in the UK then you probably been playing this VR game of life like a pudding... play the game as it's setup and you can retire before 50 or work because you want to not because you have to. All info needed on YT.
More outstanding retirement and financial advice! Well done 👍 This may be the best collective retirement advice yet. Maple Leafs! So true 😂😂😂 Good point on the “Failure to Launch” adult children still living at home. That’s more about selfish helicopter parents needs than fostering independent confident young adults. 🏴 #1
Thank you @billyrock8305 always appreciate your comments and you gave me a good chuckle there as well! I have been in Canada long enough now to know what happens to the Maple Leafs. I was sucked in to begin with, now I now the score! Enjoy your weekend
Find a job you enjoy, save and invest, hang in there as long as you can. You’re not going to die young like these crazy “retire early” videos tell you.
I have been getting peppered with these idiots recently. I do my best to get them reported as spam and deleted but it's hard to stay on top of them. Appreciate the comment.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@NaufalKnoechel Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*..
How will a 60 years old be supporting their kids financially, that is gross. Anyone spending parents retirement money while they are alive needs to check themselves.
There are all kinds of situations out there, and there is such a thing as bad luck (yeah, yeah, I know: "You make your own luck!"). No need to be so judgemental about it. If one of my kids is in a jam and I can help them out, I will.
@@beachesfinancialgroupI went to a 50th birthday party, the birthday boy was holding his newborn son, the boy has just turned 18 and dad is 68 and will be supporting him through university. What price a night of passion!😂
Join over 1500 others and sign up for our FREE retirement guide: www.bellvest.ca/family-wealth-beaches/retirement-plan-guide/
Great advice. As a retired financial planner who retired at age 55, (I'm now 71), I agree 100%. A client once said to me that her motto was "Thrifty til 50, then spend til the end". I love that. However, when you've spent a lifetime saving and being careful, it's not easy to change those habits. One thing I'd add to the avoidance of negativity point is to look for the funny side in everyday life. It's a mind set that makes life so much more fun, and well as providing some laughs. And one final thing I'd add is that you should front load your retirement with your BIG plans. However long or short your retirement may be, the first half is likely to be in better fitness and health than the second half. The best time to do something is when you first think of it!
Thanks very much for your comment Roger, appreciate your sharing your advice and some great points you make. Couldn't agree with your more on looking at the funny side in everyday life. You have to try and make light of things. Laughing is one of life's understated joys!
WOW, i love this video. No one says this stuff to anyone, never mind retiree's. "stop watching the news", "lose negative people" brilliant strategy i realised a long time ago, and i have always felt better for it. Some people find it strange when i am asked "did you see XXXXX on the news", "no i dont watch the news", see their faces!!!
Glad you enjoyed the video. The news is a funny old one, we feel like we are supposed to watch it but nothing good is ever reported and nobody feels better for watching the news!
Retire at 60 and do everything you really wanted to do during the first 10 years. After seventy, you will be more limited.
Great advice. The longer you wait the shorter the window becomes.
Tell the government that state pension age 67 rising to 68 and possibly higher
At 35 i was medically retired
Bedridden from then on...
Not all of us can do everything we wanted to do
@@Morgan-yl3ou Sorry to hear that, must be incredibly hard for you.
I 100 % agree. At 60 you still feel fit and well, I retired at 60 and I valued the time above money and I was right despite a generous offer from my employer to go back as a subcontractor doing the same job. It was slow at first but visits to the Dr did become more frequent. Nothing too serious. Keeping fit and taking some extra vitamins because your body dosn,t produce them in quantity any more. I take vitaminD and k2 in one pill. A healthy diet and not too much of it and definately not junk food. At 76 am considering Aus next year. Had I not saved up for that early retirement I do not quite know where I would be but 68 is far too late.
I couldn't agree more, I retired early and your 10 points have been the way we try to live.
It's ever so easy to get sucked into negativity on TH-cam and the news..Keep up the good work.😊
Thank you @jameswalsh5843 .... you can always find negativity but so much positivity out there too!
I'm 60 and will retire at 70 in Canada. Over the years I've thought of many costly things I thought I wanted in retirement but realize that what is truly important to me is music and nature which are free but will attend an occasional concert - I've travelled a lot previously but now vacation at home or close by.
Love this. When you realize what is truly important it is great for the mind. You are not the only one who shares the same opinion on travel. I find those that have travelled a lot are happier just to stay close to home.
Greetings from England.
Nice video thanks for sharing. It’s so important to focus on other areas as well as financial. Health, social, general happiness are all much more important!
I’m 53, got 2 years to go (maybe 3 lol). I’m not wishing my life away, but I am looking forward to it
Glad you enjoyed it and the video is making its way back across the pond! Fully agree with your comments. Enjoy retirement once you get there!
Great video. One of the best retirement videos I have watched!
Thanks very much @Halrob58 that's a pretty resounding compliment so I will take it! Glad you enjoyed it.
Excellent practical and sound advice! At 53, retirement plan 7:20 is firmly in action……58 is the year!!! Tk u
Glad you enjoyed the video, you are not too far away now. You feel confident in your plan?
Very informative.
I’ve been working since age 18 and retired at age 56 … this month.
My recent financial plan revealed to me that we as a household are currently spending about $4000 a month and we can bring that to $9000 a month immediately .
All these years of sacrifice and saving money have paid off .
The problem is …. How do I go from saving to spender mode?
I don’t know to spend money.
I asked my financial advisor. What do I do?
I don’t need anything .
To my surprise, he told me this is a very common problem .
I suggested maybe we go out for dinner a couple of times a week .
He just laughed and said it’s not gonna help you .
Maybe you should go on a trip couple times a year .
That might make a dent .
Also , he added stop saving.
First off congratulations on your retirement. Secondly you are not alone with this issue, many people struggle. The first question I would ask is what does money mean to you? Then I would probably follow that up with what is most important to you in your life? Yes you can spend it on dinners and trips but it isn't really going to give you much satisfaction if that isn't important to you or something you truly enjoy.
Same problem here , I also retired at 56 working non stop since I was 18. It’s an adjustment to flip that switch from saving to now starting spending .
3 years later to today it’s better and not as scary anymore knowing I will have enough to last.
That's a big thing for most folks, the constant worry of having enough to last makes it even more difficult to flip that switch. I am glad things are going better now for you though @joebobby905
If you don’t enjoy buying more than you need, you might remember that other people have unfulfilled needs. Perhaps there is a cause you care about.
@@M_SC Great suggestion. All starts with what is truly most important to you.
Retire before 60 if you can , because time isn't on your side any longer. The biggest regret most have is that they should of Retired earlier , while your fit enough don't wait for pension age because it's to late. So get Retired and start spending like there's no tomorrow because there might not be.
I agree with your sentiment on retiring before 60 and spending to do the things you want to do. Maybe just dial that back a bit from spending like there is no tomorrow though. If you are fit and healthy there is more chance there will be a tomorrow than not.
@@beachesfinancialgroup Yup - I quit at about 55 with a little bit of a pension, and started making some money in ways that were much more pleasant. But I spent my money like there IS a tomorrow, and I would need food and a roof over my head when tomorrow came - which it did, and has continued to, so far ... !
And long may it continue!
@@beachesfinancialgroup Why, thank you, sir - and here's to your health!
@@hilariousname6826 Thank you, have a great weekend!
More greetings from the UK! Love the mesages! Want to send a link to friends but afraid they'll be offended! 🤣 Keep up the good work!
Everyone is a little too easily offended these days! Thanks very much though @karenstanley4885 really appreciate it!
I've never put off travel which is why, when I retire next month at 63 I'm taking my last bucket list trip (Mediterranean cruise). My partner said we should go NEXT year when I'm retired, to which I said "we're going while I'm earning a healthy paycheque and paid time off." Next year: gardening, hobbies and my craft projects will keep me busy and happy. I've put my CPP aside in high interest investments that come due every few months so I can ride out the 2 yrs before I can collect OAS.
You never know what tomorrow has in store so I agree, if you can do it and it works within your overall budget, why not. Where abouts in the Mediterranean does the cruise stop at?
@@wrongwayconway Make sure you see Palermo. A gem.
That is being saved for reference. Excellent advice every single one of them.
Thank you @conkgord .... hopefully comes in helpful when you revisit for reference in the future!
Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $600K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
What are you invested in?
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
She's known as “KAREN MARIE GENDRON”. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
The comment about the news being innacurate garbage was spot on.That shite will raise your blood pressure.... especially in Scotland.
Good to hear from a fellow Scot. Glad you enjoyed it!
Took a few years to convince myself to get going. So now, retired at 63, 4 months in, I just romped through Brazil and heading to Patagonia. Back home by Thanksgiving, then to Egypt. No regrets, lots of fun experiences.
You are living the dream. I spent a bit of time in South America many years ago. Great continent. So much history. Do you plan to be on the road a lot in retirement?
@@kirk8429 Sounds unnecessarily busy.
@@stephfoxwell4620 It's not for everyone. But am sailing the Straits of Magellan today.
Great advice , and I mean great .
Thank you @raycoulson5094 appreciate the comment. Glad you enjoyed the video
Just found this mate, Great video, Just retired, Lots of good points, The only thing I worry about is no one knows how long they will live so will l have enough money it's trying to work out a balance maybe. Thank you.
Glad you enjoyed it. Everybody has that same concern. You never know for sure so as you say finding that balance is the important part.
I regret the last three years I worked, I should have left at 55. The net gains I made in the last 3 years were so small they were overshadowed by the things I no longer had to buy or do once I ditched the 9-5. In retrospect I wish I had done a year by year analysis of what I would actually spend in retirement to be able to compare that to what I was earning/spending.
Good advice to others, thanks for sharing.
Offspring have progressively have been coddled to point of ridiculous. Let them go and fight it out with life, YOU DID! A point we'll made on your children..best one of the 10
There is definitely a balance to be found. You don't need to through them out to the wolves but a little bit of life experience would do no harm. We have all gotten a bit soft.
Great video. I’m lucky to have retired at 56. Some really good points 👍
Thanks @paulwhateley7850 .... now you are retired is there anything you would have done differently?
@@beachesfinancialgroup working one more year always makes sense. I could have stopped work a year earlier. Don’t listen to those telling you you’re too young to retire. Plan properly- live on your budgeted expenses for a while before you retire and then retire as soon as you can. It’s awesome.
@@paulwhateley7850 Great suggestions. That is one thing I always recommend to clients. Test run your retirement budget. And agreed on the "too young" comment. Nobody is too young to retire in my eyes.
I am in a position to retire at 56. Had intended to work until 58. But the job was depressing me. So that’s decided it. I can always find a way to earn money if needed. I can’t create more time.
Surprisingly good advice.
What's the surprise?
Totally agree re "stop watching the News"
I no longer worry about things I cannot resolve!
Selfish perhaps?
Sorry:
- Middle East war,
- Ukraine
- Immigration
- Politics
- UK decline
- UK housing shortage
- Global warming
I sleep better without you.
You rarely find a positive story in the news. If you have it on too much you run the risk of falling into the trap that everything and everyone is bad.
It’s got me thinking .. so thank you .. I’ll be 60 in 2026 .. I will get a reduced pension for leaving early but I’ve been saving hard since 2010 in addition to my work pension so can take the hit .. only today I was thinking maybe I could work another 7 months just to save a bit more money .. then watched this .. maybe I actually don’t need to . I have no mortgage , no dependents and have no interest in travelling overseas spending mega bucks .. so far all I want to do is visit Cornwall .. exercise more by walking and having freedom .. retirement is the only time in life you have an opportunity to be free ..
If this video has helped you make the leap a little early and enjoy your life, I am happy! And Cornwall is a beautiful place so enjoy once you get there!
It’s all about cutting your cloth in terms of finances .. I won’t be loaded but should have enough for a simple life and there is a lot to be said for a simple life I know that much 🕊️
@@seatree4727 Couldn't agree more!
Thanks for the quick run down. Nine of the ten don't apply to me. The one that does apply is eating me up, consumes my every waking hour, and will either be the one regret that I take to my grave or be the one worthwhile thing I did in my life.
Thanks for sharing. You may not want to say anymore and I understand if you don 't but what is the one that bothers you?
@@beachesfinancialgroup #8. Hard decisions will have to be made ... the situation is moving in a positive direction, but at a pace that will cross a tipping point soon. ("Soon" being now according to some professional advisors, or as long as 9 years according to others.)
I feel for you, not easy to be in that situation. I hope it all works out for the best.
many people work too long because they define themselves by what they do and not who they are. i never gave up on my hobbies and always have new ones/challenges so i couldnt wait to retire.. my career never defined me - it was just a necessity to make the money. i retired at 43 and now 57 and for me the freedom is still priceless..
Very wise words. What was your secret to retiring so early?
Couldn’t help but take a shot at the TML, eh!? Good on ya.
Haha. I have been in Canada long enough to know the drill when it comes to the Leaf's. They sucked me in during the early years and now I know to expect disappointment. Anything better is a bonus!
Great advice. Thank you
Glad you enjoyed it!
Great Video one thing no-one every said on their death bed " I wish I had worked more"
Thank you and completely agree. That is something you will never hear!
Maple leafs reference.. 😂.. Good video! Thanks Laddie! 😎 🏴
Thank you @jazzmandan7056 glad you enjoyed it! It seems quite a few enjoyed the joke at the Maple Leafs expense haha.
@@beachesfinancialgroup Montréal Canadiens fan here so, no disrespect intended but I get the reference / analogy.. 😁 Cheers ✈️
I am Scottish and we can get quite intense about our sports teams so I enjoy the back and forth! Good win for you guys last night.
@@beachesfinancialgroup 😎👍
Well said
Thank you
I'm due to retire aged 60 in March - I can't deny that it worries me, especially if I'll have enough money, but literally everyone I've spoken to has said definitely go and I'll be surprised by how I'll manage financially.
Not having enough is the biggest concern I see. Humans have a great ability to adapt though. Make sure you do a retirement income scenario if you haven't already done so and try to live on your projected retirement income as much as possible between now and March.
@beachesfinancialgroup I've done the 50-70% income projection compared to my salary, and on paper, I'm well within my limits - here's keeping fingers crossed
I am not a huge fan of the 50 - 70% income projection. I prefer to base it on actual expenses but if you are within your limits then all good. Best of luck for retirement when it rolls around.
Good advice!
Thank you @harveyellis6758 glad you enjoyed it.
Love to work until the age of 65, Love my job, understanding health is important
That's great, what do you do for work?
Most people don’t realize that they have enough money to retire.
The feeling of not having enough is always there for a lot of people. It's natural. But I agree with you, there are a lot of people that do have enough and a good number of those that don't could probably make some small tweaks to make it work.
I agree,It’s tough to let go because most people have been working hard for over 30 years.I retired at 60 and it was the best decision I ever made.
Brilliant, how have you been spending your time?
Great advice
Thank you @garybolger9705 appreciate the comment.
Super solid advice! Also, listening to this video makes me feel as if Pippin from the Lord of the Rings is giving me advice, which I also happen to love.
Lol this is the first time I have heard that one but thank you, I appreciate it!
@@beachesfinancialgroup It's a compliment haha. You're welcome sir, and thank you for the good info!
@@Entertainer114 No worries, glad you are enjoying it and I will keep trying to get some good videos out there!
Great video, excellent points and I relate to quite a bit of it. I'll be 65 in March and a bit freaked out, I mean, how did this happen?? Wasn't I just 42?? You're living in Canada but are you Scottish?
Glad you enjoyed the video. I know exactly what you mean, time just flies by, I don't know where the years go! I am Scottish, born and bred but moved to Canada nearly 13 years ago now. Canada is a great place. Are you retired or getting close to retiring?
"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."
Wise words
Please correct the text in your header. It does not reflect the quality of your video. Which is excellent!
Thanks for your comment on the video. What text are you referring to specifically? The title of the video?
@@beachesfinancialgroup people HAVE regrets and MAKE mistakes. They do not MAKE regrets.
@@Pihlalorjoone Fair. I see your point now.
An increasing number of people may face challenges in retirement. Low wages, rising inflation, and high rents make it difficult to save. On top of that, many middle-class Americans are now struggling to afford homeownership, leaving them without a stable place to retire.
Rising costs have affected my plan to retire at 62, work part-time, and continue saving for the future. I can’t help but wonder if those who went through the 2008 financial crisis had an easier time than I’m facing now. The combination of stock market volatility and reduced income is making me anxious about whether I’ll have enough funds to sustain my retirement.
This is exactly why I rely on a portfolio coach to guide my daily market decisions. Their expertise in simultaneously going long and short, leveraging risk for asymmetrical gains, and using it as a hedge against inevitable downturns makes underperformance almost impossible. Over the past two years of working with a portfolio coach, I’ve earned over $800,000.
Mind if I ask you to recommend this particular coach you using their service?
Rebecca Lynne Buie is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
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.
I'm in England and I retired at 54.
Why?
Life's too short.
Great point, you never know what is around the corner.
these days if you're not financially independent after working full-time 18 years or less in the UK then you probably been playing this VR game of life like a pudding... play the game as it's setup and you can retire before 50 or work because you want to not because you have to. All info needed on YT.
Why 18 years? Pretty specific number there.
Don't just do something.
Sit there.
Thanks for commenting.
@@beachesfinancialgroup You're welcome. I am full of latter day wisdom.
top content
Thank you @willlsmith8063 much appreciated.
Your accent is so cute.
Well thank you, I will take that!
More outstanding retirement and financial advice! Well done 👍 This may be the best collective retirement advice yet.
Maple Leafs! So true 😂😂😂
Good point on the “Failure to Launch” adult children still living at home. That’s more about selfish helicopter parents needs than fostering independent confident young adults.
🏴 #1
Thank you @billyrock8305 always appreciate your comments and you gave me a good chuckle there as well!
I have been in Canada long enough now to know what happens to the Maple Leafs. I was sucked in to begin with, now I now the score!
Enjoy your weekend
…if you’re eating your veggies. And your Haggis!
You don't want to miss out on your Haggis, full of goodness that stuff!
Pinc Floyd: How can you have any pudding if you don't eat your Haggis?!
I like it, it's got a ring to it. Pink Floyd should consider switching the lyrics!
Find a job you enjoy, save and invest, hang in there as long as you can. You’re not going to die young like these crazy “retire early” videos tell you.
Solid advice there! You might die young but chances are higher you probably won't.
That's bullshit mate I can't tell you how many people I know of that have got Cancer late 50s Early 60s especially since Covid
Common sense points,this Irishman gives a thumbs up.
Thank you @JohnHobbs-o3z where abouts in Ireland are you from?
He sounds Scottish....not Irish.
I am Scottish but I think @JohnHobbs-o3z is an Irishman!
@@beachesfinancialgroupAre you Welsh 😂
@@TS-bn7zt German mate 😂
Good advice….appreciated from an Englishman 💪🇬🇧🏴🏴🇺🇸🇨🇦🇦🇺🇳🇿💪
Always good to hear from some fellow Brits! Thank you sir.
Ignore the scammers pretending to be financial advisors in the comments. The whole conversation is obviously fake.
I have been getting peppered with these idiots recently. I do my best to get them reported as spam and deleted but it's hard to stay on top of them. Appreciate the comment.
A PIE AND A PINT GO TO BED 💤💤💤💤 GOOD Y
Solid combination all round!
Stop drinking like a young man 😂🙈🙈
Wise advice. The recovery time is a tough go!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@NaufalKnoechel Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*..
@@TylerMohn-g9l Oh please I’d love that. Thanks!
*MARGARET MOLLI ALVEY*
Lookup with her name on the webpage.
How will a 60 years old be supporting their kids financially, that is gross. Anyone spending parents retirement money while they are alive needs to check themselves.
There are all kinds of situations out there, and there is such a thing as bad luck (yeah, yeah, I know: "You make your own luck!"). No need to be so judgemental about it. If one of my kids is in a jam and I can help them out, I will.
Age can play a big factor too, someone can be 60 and still have relatively young kids.
Some people have Special Needs children.
@@beachesfinancialgroupI went to a 50th birthday party, the birthday boy was holding his newborn son, the boy has just turned 18 and dad is 68 and will be supporting him through university. What price a night of passion!😂
I Love Cheese
So do I, tremendous food!