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.
Thank you for your video and thoughts! I’m happy your retirement transition has been enjoyable. I feel fortunate to have been paid for a career that felt like my hobby. Suddenly though, I lost interest and I was finding it difficult to even fake it. What used to be a joy suddenly felt like work. My boss called one day to complain. I pulled onto the side of the road and told him I just made up my mind at that very moment to retire. I’m glad the burnout happened suddenly instead of dragging on for years.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
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 l'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Joseph Nick Cahill taught me to estimate how much you should save based on your age and income. I've been with him for years now and his decades of experience in the markets translate to chunks of value in so many ways!
Retired in 2020 at 57 after 35+ years as an IT network / data center engineer (on-call 24x7 for large periods of time)... I agree with everything you found (except #1... I'm single). My biggest chunk of time is taken up with home improvement projects. That was my plan all along... modernize my house and I do 95% of the work myself. It has been rather enjoyable to do the work at my pace and at my expectation level (I'm a perfectionist). When I'm done, I'll have a really nicely updated house to live in until I look to move to one that requires no maintenance when I get to that point.
Retired 7 years now just turned 65. Life is wonderful, grandchildren, visiting my Dad, year trips to Fl for 3 months. Worked a little like you . Pension and SSA allows my wife and I a good life. My wife hasn't worked for years since her double transplant, I'm her main care giver. The house keeps me busy, so much to do. Looking forward to having 20 family members over for Thanksgiving, never a dull moment.
I agree with all your points...I volunteer at a couple of different places...involved in my hobbies....travel. So I seem to be more busy than I was at work. I have established a routine..It has been nearly 6 months....I planned well, been a long time heavy saver, retired with two Government Pensions....I find myself not knowing waht day it is these days....
@fanom1 I keep a paper calendar on my desk and frequently check it or I will also lose track of time. I find what I thought happened a few weeks ago was several months ago usually.
I also retired two years ago at 50. Definitely not bored. I do sleep in as I have always been a night person since about age 8. Investments generate about 5400 a month in income, I only spend 3000 to 3500 so money isn't an issue. Divorced so not worried about annoying anyone being home.
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I’m considering investing in stocks, but I’m not familiar with effective market strategies.
Given the current pressure to prepare for retirement, I highly recommend seeking guidance from a financial advisor. This will help you make more informed investment decisions.
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.
I stumbled across your channel and am glad I did. I’m 49 and work in broadcasting, small market tv photographer/reporter. Hoping to retire in 10 to 15 years. Thanks for the info and advice.
All retirees that are so busy and love it FINE! The BEST people in retirement are those smart enough to maintain “skin in the game” by maintaining your position, power, respect in the field, being needed etc. Those that can maintain this are again the BEST in retirement.
Back before school (and even a few years when I first started), I was a very early riser. On most vacations where I have no expectations on me, I get up early. I only have problems getting up when there is someone expects something (like going to the job) from me
Not really any surprises - retired about 15 years. 1. Today's chore was to fix something in the house which is about as old as I am. Got the part. Do it first thing in the morning or return the part and go to the next big box store. 2. This last Friday, I made my 4th donation of items in less than a year. Over time, I have closed two storage units, thrown out all of the business files. Copied the photographs, videos into new media. 3. I have a reading program and take a daily class on line. Fortunately, youtube exists and I continue to learn every day.
+@scottrichardson3961 I teach one college class one semester a year for less than 3K. My TH-cam channels are a hobby and I volunteer on the radio once a week to help a friend. I do other volunteer work. I am still working, but, as my dad used to say, I just don’t get paid.
#1: I don’t miss work. I do teach two days/week. #2: Money is not a big concern. #3: I am not bored. I volunteer with the Scouts. #4: I don’t sleep in. Wife still works.
+@waynegoh3270 I was 66. I waited until I was 66 and 4 months to take Social Security, which was regular retirement age at the time. I think it was the right time. The station was making money. I had upgraded all the equipment and saw that there were qualified people ready to take over. By then, I had accomplished what I wanted to do. Any earlier and there would have been unfinished business.
That's great your wife is not tried of you. I think a lot of couples have problems with this. The women do not really like their man, and it causes issues leading to the man losing half his wealth.
@@Rononretirement My comment was to suggest that you not advise/suggest/infer people to "save $20 a month" for 30 years cause it will "add up". True it will "add up" but not to much of a nest egg for retirement. Maybe you meant 20%.
![ILLSLICK - KILLSHOT REMIX [FULL VERSION]](http://i.ytimg.com/vi/RIK8RrqIAzE/mqdefault.jpg)
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.
No more Sunday evening blues!
+@avoiceinthechoir5791 Now that you mention that…
Hell yes. I used to get the Sunday night blues all the time…especially the last 3-4 years. No more👍
Thank you for your video and thoughts! I’m happy your retirement transition has been enjoyable.
I feel fortunate to have been paid for a career that felt like my hobby. Suddenly though, I lost interest and I was finding it difficult to even fake it. What used to be a joy suddenly felt like work. My boss called one day to complain. I pulled onto the side of the road and told him I just made up my mind at that very moment to retire. I’m glad the burnout happened suddenly instead of dragging on for years.
+@sammyday3341 I was told years ago that when it’s time to retire. You will know it. It’s true.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
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 l'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Joseph Nick Cahill taught me to estimate how much you should save based on your age and income. I've been with him for years now and his decades of experience in the markets translate to chunks of value in so many ways!
Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance.
Google his full name
JOSEPH NICK CAHILL
Retired in 2020 at 57 after 35+ years as an IT network / data center engineer (on-call 24x7 for large periods of time)... I agree with everything you found (except #1... I'm single). My biggest chunk of time is taken up with home improvement projects. That was my plan all along... modernize my house and I do 95% of the work myself. It has been rather enjoyable to do the work at my pace and at my expectation level (I'm a perfectionist). When I'm done, I'll have a really nicely updated house to live in until I look to move to one that requires no maintenance when I get to that point.
+@csimet We plan some renovations which will include a new studio for me.
Retired 7 years now just turned 65. Life is wonderful, grandchildren, visiting my Dad, year trips to Fl for 3 months. Worked a little like you . Pension and SSA allows my wife and I a good life. My wife hasn't worked for years since her double transplant, I'm her main care giver. The house keeps me busy, so much to do. Looking forward to having 20 family members over for Thanksgiving, never a dull moment.
+@weleppin Very happy to hear. Cheers!
I agree with all your points...I volunteer at a couple of different places...involved in my hobbies....travel. So I seem to be more busy than I was at work. I have established a routine..It has been nearly 6 months....I planned well, been a long time heavy saver, retired with two Government Pensions....I find myself not knowing waht day it is these days....
@fanom1 I keep a paper calendar on my desk and frequently check it or I will also lose track of time. I find what I thought happened a few weeks ago was several months ago usually.
I also retired two years ago at 50. Definitely not bored. I do sleep in as I have always been a night person since about age 8. Investments generate about 5400 a month in income, I only spend 3000 to 3500 so money isn't an issue. Divorced so not worried about annoying anyone being home.
+@Hokieredneck Cheers!
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I’m considering investing in stocks, but I’m not familiar with effective market strategies.
Are you planning to retire before 59? That's the key factor for me. I transitioned to cash-flowing assets because I wanted to retire early.
Given the current pressure to prepare for retirement, I highly recommend seeking guidance from a financial advisor. This will help you make more informed investment decisions.
Do you have any recommendations? I’m looking for a CFP to help grow my retirement account.
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.
I looked her up and found her webpage. I’ve already sent an email and scheduled an appointment. Thanks for the recommendation!
My Mom and Grandparents volunteered at various organizations. They set a good example.
+@1020LAStep Mine too.
I retired in May 2023. Like you I am not bored!
+@dancurran8977 Excellent.
8 months into retirement and I agree with all your points.
+@SurfCityBill Thank you.
I stumbled across your channel and am glad I did. I’m 49 and work in broadcasting, small market tv photographer/reporter. Hoping to retire in 10 to 15 years. Thanks for the info and advice.
+@victorquick3476 My pleasure.
New subscriber here. I need this motivation towards my retirement goals. Thank you Ron
+@derrick8224 Welcome
Thanks ON, I always noticed if I’m not doing something there is something not getting done. Will be nice to do chores on my schedule.
+@nicholasgendreau1297 It is also a comfort to know you’re still useful.
Hi Ron, I agree with all your points except no. 1 as I am single! I've only been retired for 2 months and am loving it.
+@gmp7882 I am happy for you.
All retirees that are so busy and love it FINE! The BEST people in retirement are those smart enough to maintain “skin in the game” by maintaining your position, power, respect in the field, being needed etc. Those that can maintain this are again the BEST in retirement.
+@robertcialone6609 I consider myself lucky.
I retired at 59 and actually retired. I've travelled around the world and found ways to keep busy wiithout any kind of routine.
+@billb945 Excellent. Enjoy.
nice to hear that my retirement is similar to yours,,,
+@thomascabral8443 I am glad.
I get up early then anybody else ❤ sounds familiar to most of us in early 50’s. It happens after working and following a schedule for so many years.
+@Atul-n2p It is a habit I do not plan to break.
@ me too Ron. Love my morning schedule.
Back before school (and even a few years when I first started), I was a very early riser. On most vacations where I have no expectations on me, I get up early. I only have problems getting up when there is someone expects something (like going to the job) from me
Not really any surprises - retired about 15 years.
1. Today's chore was to fix something in the house which is about as old as I am. Got the part. Do it first thing in the morning or return the part and go to the next big box store.
2. This last Friday, I made my 4th donation of items in less than a year. Over time, I have closed two storage units, thrown out all of the business files. Copied the photographs, videos into new media.
3. I have a reading program and take a daily class on line. Fortunately, youtube exists and I continue to learn every day.
+@bdcochran01 You are evidently not bored.
Careful earning over $22k/yr if we take SS before age 67. Thanks for sharing your version of retirement!
+@7SideWays I was careful to wait to take SS after I reached full retirement age.
yea and out of that I believe you can only make so much a month too!
You're NOT retired....you're still working!
+@scottrichardson3961 I teach one college class one semester a year for less than 3K. My TH-cam channels are a hobby and I volunteer on the radio once a week to help a friend. I do other volunteer work. I am still working, but, as my dad used to say, I just don’t get paid.
#1: I don’t miss work. I do teach two days/week.
#2: Money is not a big concern.
#3: I am not bored. I volunteer with the Scouts.
#4: I don’t sleep in. Wife still works.
@JohnSimpson-r5d Cousin!
Thanks an interesting video
+@trevorwhite915 Thank you
Don't feel guilty about taking a nap
+@markbajek2541 Thank you.
Thanks for the video!
+@johnandruszka4389 my pleasure.
Good video
+@Abz_3 Thank you.
I’m two years in but don’t consider myself retired until my wife stops working.
+@mbr500 I get that. My wife has several years to go.
Two years retired. I’ve never worked so hard, had as much fun, and made as much money. Monetize your passion.
+@greggutierrez6997 Excellent!
what age did you retire at and do you wish you had done so earlier?
+@waynegoh3270 I was 66. I waited until I was 66 and 4 months to take Social Security, which was regular retirement age at the time. I think it was the right time. The station was making money. I had upgraded all the equipment and saw that there were qualified people ready to take over. By then, I had accomplished what I wanted to do. Any earlier and there would have been unfinished business.
That's great your wife is not tried of you. I think a lot of couples have problems with this. The women do not really like their man, and it causes issues leading to the man losing half his wealth.
+@boatingcharlie1 She’s my best friend.
You did not retire, you just changed jobs.
+@larryreynolds007 lol yes. That would make me semi retired.
Ron: Have you thought about cutting the cord and working part time at another job?
+@dcallahan2074 Yes. I have done some freelance work producing podcasts. It has been irregular. I am not complaining.
How old are you ? Good day.
+@7sonero7 68.
5, 4, 2, 1 …. So you decided to skip the 3 s in retirement? 😂
+@foomoo1088 The 3 is silent.
$20 a month? that's not going to be worth anything sorry.
+@280zone Agreed. Thankfully, I don’t do it for the money.
@@Rononretirement My comment was to suggest that you not advise/suggest/infer people to "save $20 a month" for 30 years cause it will "add up". True it will "add up" but not to much of a nest egg for retirement. Maybe you meant 20%.