As a 70 year old man, I can tell you what the problem is with men retiring. Our entire life we worked hard to provide for our families. We spent the rest of our young life raising a family, being a good husband and fixing things. What most men failed to do is learn, yes I said learn, how to have fun. Fun was never a priority or a focus in our lives. Sure, there was the occasional two week vacation….doesn’t count. Fun needs to be studied and nurtured. I believe God gave us this planet so we could have fun. If you’re having trouble with retirement, you’re having trouble having fun. Take fun seriously. You won’t regret it.
@JGalegria
Жыл бұрын
I think my generation (GenX) are very focussed on enjoyment and males are especially good at having fun while women, especially in the busy child rearing plus working years can be real party poopers and safety police. Men take more risks when they play with their kids and are more likely to be into games and sport, outdoor activities etc etc BTW I live in Australia and my father, who was from the UK, never really embraced the Aussie outdoors lifestyle
@gabeg2434
Жыл бұрын
Thank you! Great advice.
@r.joseph8911
Жыл бұрын
I love this!! Very VERY true!!!
@thinkmirror8507
Жыл бұрын
Wise words
@PETER394100
Жыл бұрын
I’m 70 and in the medical field and can’t WAIT to retire and never see the inside of a hospital again! A bunch of noise and chaos I’ll gladly leave behind.
@cato451
Жыл бұрын
I retired at 58 almost two years ago. Every day is more spectacular than the previous day.
@Scortd
Жыл бұрын
I'm trying to do the same! Glad to hear it's going great.
@JGalegria
Жыл бұрын
Why, what are you doing?
@danklein8587
5 ай бұрын
Heck Yeah.
@fearless6947
4 ай бұрын
Help me. Give me some advice. How do you fill up your days
@cato451
4 ай бұрын
@@fearless6947 seriously? Well ok: long motorcycle rides on weekdays, gym three days a week, beach time, surf, long bicycle rides down the coast, play music, read books I finally have time to read (took a deep dive into the French Revolution about a year ago), amateur astronomy club, take college courses, improve my cooking skills, travel, spend quality time with friends and extended family, manage personal finances for myself and close family, volunteer at the local library and road clean up crews, oh ya and some days I just veg out and relax at home with my dog. Seriously I do whatever I want whenever I want to do it. Days and time are meaningless now. I haven’t set an alarm clock for almost three years because I don’t care what time it is.
@johnyjsl9219
Жыл бұрын
Retiring or not retiring isn’t the point. The point is having financial freedom and doing what you like when you like. The word retirement doesn’t mean anything. The ability to live the remaining healthy years of your life with complete freedom is truly a blessing.
@joesoccerfan4628
Жыл бұрын
Truer words..... Thanks for the reply.
@hanwagu9967
Жыл бұрын
Financial freedom or live your life with complete freedom doesn't really mean anything either, because the reality is nearly all aren't and won't. Not really. 1987 Wall Street Gordon Gekko response to how much is enough: "rich enough not to waste time. Fifty, a hundred million dollars." That was in 1987, which is only $134m-$267m today. Mike Prince in Showtimes Billions basically says you need a $1b, which I think is correct. Sure those are fictious characters, but the basic premise is there. In order to actually be financially free and free to do what you want, you need f u money. I'd say today $1b or more is f u money.
@filthyE
Жыл бұрын
Totally agree, great take.
@johnyjsl9219
Жыл бұрын
@@hanwagu9967 yes $1B is definitely F-U money. Notice the FU in CAPs. I think I might have 1B, but in Indian rupees. So I would be free in India for sure !!
@johnurban7333
Жыл бұрын
Exactly right. I know a lot of people who retired and took SS and Medicare. They are still working into their 70’s because they don’t have enough money to live on. It’s not retirement if you don’t have the financial freedom and resources. Most people don’t save for retirement and then all of a sudden they are 62 and don’t realize SS doesn’t give you much money to live on
@daveschmarder-1950
Жыл бұрын
I am now a full time KZitem video critic.
@turtleanton6539
5 ай бұрын
Nice🎉😮
@bigo2032
4 ай бұрын
I read this to my wife, and she said, that’s you 😂
@daveschmarder-1950
4 ай бұрын
@@bigo2032 Glad I could help.(?)
@Dave-zl2ky
Жыл бұрын
I am 73 and do plan to retire in 23 more years. I am a small business owner, enjoy my work and enjoy being busy.
@ScooterOnHisWay2024
5 күн бұрын
You can't "keep busy" without working? Use your mind.
@rods6741
2 күн бұрын
Glad you have a career you enjoy. I have a career I like (not love) and can't imagine doing anything else. However, after 40+ years it's time for a change.
@Autonomous1969
Жыл бұрын
I retire in January at 55. I hated working. I hated being told what to do. The biggest source of stress/depression in my life was due to work. I can't wait to get out of it all. Edit: I retired at 54 (late). I just couldn't take it anymore. I got my pension in January the following year. It's the best thing I have ever done.
@taurus8263
4 ай бұрын
I am 42 and I can't wait to retire. I hate wasting 8-10 every single day to do my job. I literally feel like I waste my life. I don't have time for my hobbies, exercises etc. At least not as much as I would like to. Hopefully I will be able to retire at 57 🤞🏻
@Autonomous1969
4 ай бұрын
@@taurus8263 I really know how you feel. I actually suffered depression for most of my working life due to it. I love being retired. I feel free.
@princesswong24
Ай бұрын
@@Autonomous1969did u have retirement savings? I am looking forward to retirement too😂
@Autonomous1969
Ай бұрын
@@princesswong24 I invested in one particular pension that was on the old Final Salary Pension. I put the maximum amount that I could monthly afford into it. It's on that pension that I have retired on. I took all my other pensions (many different workplaces) and lumped them all into Pension Bee on the highest risk investment. As of today it's earning 67.88% interest. You won't believe how many young people I have advised to invest into their pensions. It falls on to deaf ears and there they go drinking and partying it all up.
@bwayne4656
7 ай бұрын
Coming up on my first year anniversary of retirement. Having to no longer deal with idiots everyday, crawl out of bed every morning to fix other people's problems caused by their stupidity. Having a great time
@kelrazehcnas9800
Ай бұрын
Lol !!!!!!
@ChuckHolland-i4b
24 күн бұрын
Must be in IT support. Lol.
@boxer6796
2 күн бұрын
I was thinking the exact same thing. Because I am an IT Admin, and I know what he means! Lol
@ChuckHolland-i4b
2 күн бұрын
@@boxer6796 lol. Totally
@auricgoldfinger8478
Жыл бұрын
I’m “working” more hours fostering dogs than I did as a surgeon. Also physically exhausting. But very, very positive emotional feedback.
@danielbillyhasan250
Жыл бұрын
2:34
@Xtramedium1961
Жыл бұрын
@@danielbillyhasan250 I admire your new fostering career cheers from Co Wicklow Ireland 🇮🇪
@StressLessFinancial
2 ай бұрын
That's incredible dedication to fostering dogs! The emotional rewards must be fulfilling. How do you manage the physical demands while finding joy in this rewarding work?
@chimchim90210
25 күн бұрын
That's a productive retirement! Dogs are fun!! Saving more lives, too doctor!!
@jamesbaxter8324
15 күн бұрын
Thank you for fostering! I know you love your dogs and they love you.
@MooMooMath
21 күн бұрын
My dad worked till he was 89. He had a small insurance agency and loved it and literally worked at the agency until he died. I retired from teaching at 60 but I'm not retired. I don't teach anymore but coach and have a small business. This gives purpose, income, and social interactions. I plan on working the rest of my life, but not a daily 9 to 5.
@muskygoss1
17 күн бұрын
I feel the same way! I enjoy working yet. I'm going to work until I just don't want to anymore. I've done just about everything I wanted to do and see over the years. Maybe I'll slow down some day.
@alexfonseca2063
Жыл бұрын
I hate my profession as an attorney. I would love not to have to do it anymore.
@JeffMathias
24 күн бұрын
I’ve been lucky to enjoy solo private practice and continue practicing in my 60’s part time. I like living on practice revenue and building my portfolio. I am terrible at sitting on a beach so prefer contributing something to humanity daily. I wish I could enjoy sipping on a pint all afternoon, but I’ll just keep practicing for now.
@tommason9753
6 күн бұрын
Ditto here. Law would be nice without clients !
@BeeBee-ku1ym
Жыл бұрын
Retired 18 months ago at 46. Absolutely love it! My husband was dying before my eyes because of work. We retired at the same time. Zero regrets.
@Chimpangel
Жыл бұрын
How much did you save?
@flukeylukey7559
Жыл бұрын
Do you do any work? We retired at 49, 2 and a half years ago, which was awesome, but now we work 2 to 3 days a week in work we enjoy, helps with the finances and I think we enjoy the days off more. We also do some volunteering, we enjoy achieving with others.
@BeeBee-ku1ym
Жыл бұрын
@@Chimpangel tbh the most important question is how much do you need annually. We made the decision as we have multiple passive income streams. But it was definitely understanding how much needed until access later pensions.
@BeeBee-ku1ym
Жыл бұрын
@@flukeylukey7559 no we don’t work. We have been trying to exercise more, relax and spend time with family. Tbh it’s so busy - we’re lucky our adult kids still want to hang out and now we have two grandkids (they are even more fun!)
@flukeylukey7559
Жыл бұрын
@@dogegamer3288 usually the woman runs the house, and the man follows her direction, ideally you'd work together as a team, happy wife happy life 😊
@billyoh1966
6 ай бұрын
Retired 2 years ago at 56, The plant shutdown and i don't miss rotating 12 hr shifts.
@Barbara-jn2gw
3 ай бұрын
congrats
@user-oh8jj8ht1s
3 ай бұрын
I never ever thought about retirement, thought I was way too young at 54. Then I was laid off the end of last year from an almost 25 year job. After the shock wore off, just for kicks I ran some numbers and was like "whoa, I can probably just retire." Saved, invested, always been very frugal, just worked. Wanted to do a good job, the financial rewards were secondary. After the lay off I realize that companies will discard you like trsh, so who cares. I may or may not get a job again, right now, I've loved every day of the last 6 months, my first real time off in 30 years.
@StressLessFinancial
2 ай бұрын
@@user-oh8jj8ht1s It sounds like you've found a silver lining in unexpected circumstances! Enjoying your time off after many years of hard work is well-deserved. What new activities or interests have you discovered during your first real break in decades?
@dawnt5587
Жыл бұрын
My husband and I are both in our 50’s. He’s been retired 8 yrs and I’ve been retired 5 yrs. Life is good. No regrets.
@StressLessFinancial
2 ай бұрын
That's wonderful to hear! Enjoying retirement together must be a fulfilling journey. What activities or adventures have you both found most rewarding during these years of retirement?
@garrysinger9704
Жыл бұрын
I’m 70 and retired last month. It was a 47 year nightmare. I probably could count on one hand how many work days I enjoyed. Have no experience in working something at something I love. Very few people would keep working at their jobs if they won the lottery.
@yestohappiness2721
Жыл бұрын
congratulations on your retirement! enjoy it to the moon and back!!! I can't get to get out too with half the time you put in!
@johnyjsl9219
Жыл бұрын
How did you last so long ?!
@bigjohnson7415
Жыл бұрын
Sounds like MOST of us. Seems he's probably talking about office type people who don't work out in the elements, make a lot of money, not US manual labor guys.
@dingfeldersmurfalot4560
Жыл бұрын
Good on you for being able to stick it out that long. I can't stand work too, and it seems a lot of the world has been turning that way as companies get more and more abusive.
@bigjohnson7415
Жыл бұрын
@@dingfeldersmurfalot4560 👍👍👍
@David-sc2ir
4 ай бұрын
Exactly! My parents 'retired' early in life but they kept on working on their passions (antiques). I retired early at 62 and I continued working with my passion (plants). Mom and pop are still kickin' at 91 and 93. I think the secret is eating right, sleeping well, and continue to M-O-V-E!
@Barbara-jn2gw
3 ай бұрын
🎯
@StressLessFinancial
2 ай бұрын
That's inspiring! Staying active and pursuing passions clearly keeps you and your parents thriving. How do you balance your retirement with pursuing your passion for plants, and what benefits have you noticed from staying engaged in what you love?
@robvoyles1985
Жыл бұрын
99% of people hate what they do. Retirement gives you the freedom to do things you can’t do because you are always working. You are the 1% that have a job they love. That is not reality for the rest of us that live in the real world. Sorry but you are not being realistic for the majority of human beings on this planet.
@gregorycarl2004
6 ай бұрын
Agreed!
@curiouspenguin6887
3 ай бұрын
Exactly!
@yvonnesmith2578
3 ай бұрын
So True!
@johnpersechini4951
2 ай бұрын
Do something you enjoy and make time for things you like to do outside of work. Life is too short to be in a job you don’t like. Silly to wait until retirement to enjoy life.
@curiouspenguin6887
2 ай бұрын
@@johnpersechini4951 That's easy to say to multi skilled people, but many don't have the aptitude to make money doing something they enjoy.
@supersteve8305
Жыл бұрын
I retired at 56 (two years ago) and haven't regretted it. But if I had worked for an employer that treated their employees decent, I would have worked longer. Luckily, I saved very hard and was able to leave early.
@JohnBowl14690
5 ай бұрын
Yep. In my humble opinion, you're a perfect candidate to find an easy part time job. Something with very low stress, that will keep you active and give you a little more money to splurge. I could have retired a couple of years ago. I only work part time. I spend the extra money I make and it definitely adds a little spice to my life, plus keeps my mind active.
@user-oh8jj8ht1s
3 ай бұрын
I was laid off last December after 24 at the same company at age 54. I never thought about retiring before 60 or 65, but I ran some numbers and was like "whoa, I may be able to just retire." I always just wanted to do a great job and help the company. Well, the company will discard you like garrbage. I don't want to go through that again. The main concern I have is being judged by others as "lazy" or a "bum." That's the one thing I'm worrried about, even though I know I shouldn't care.
@billhennessey6374
Ай бұрын
Amen, great video. I am a "retired" university professor, and now I tutor kids online for the ACT and SAT. I live in Panama and love life. I teach 1.5-3 hours a day and I save money; I don't deplete my savings I have no plans to retire.
@TheDoraz
Жыл бұрын
I retired at 64 for 3 years. Then one day I was recruited back into the tech industry by a forner colleague to spin up a new competitive intelligence practice at a major Silicon Valley company. I’m still working at nearly 72 years young. Still having fun traveling on vacations globally and very active. The money is great, social Interaction rewarding, I have a great team, and the company is very flexible giving a lot of freedom on work / life balance- I work from my home office in West Michigan. All good for now.
@user-oh8jj8ht1s
3 ай бұрын
My former company laid me off in December, after 24 years (age 54). They had just taken away working from home. I didn't want to drive in there and sit in a cubicle or dumb elbow to elbow conference room meetings anyway. If I could get a work from home job I'd take it in a heartbeat. If not, I'm financiallly ok, and will simply retire early. To heck with any strangers or neighbors judging me. I don't owe them any explanation.
@kokalti
Жыл бұрын
If you are in a position like Rob Berger, you have no idea how lucky you are. I work a 70 hours a week job that is killing me. I am planning to quit this January. My mental and physical health is worth more then what they are paying me.
@dingfeldersmurfalot4560
Жыл бұрын
I used to do exactly that. I've chosen less hours just to save my health and sanity. It still stinks on ice, but at least I'm less likely to send myself to an early grave over it.
@JGalegria
Жыл бұрын
Why do you work 70hrs per week?
@slimdude2011
Жыл бұрын
There is no such thing as luck. People who're financially well established are blessed.
@user-oh8jj8ht1s
3 ай бұрын
@@slimdude2011 Or they just worked hard, were frugal, and invested wisely?
@mindfulnessretreat4759
24 күн бұрын
A lot come from wealthy families
@arvieearp7498
7 ай бұрын
Retired at 65. Been retired 14 years now. Knowing what I have experienced and learned over the years I would have prepared for an even earlier retirement. No regrets about retiring at all!
@Columbus1152
Жыл бұрын
I was financially able to retire at 64, my full retirement age was 65, and I liked what I did, so I worked until I was 66 and continued another 6 months after that as a consultant for a couple of people. I'm no millionaire, and my consulting income was great, but I was ready to let go of this phase of my life and do other things, so I told everyone my end date and stuck to it. No regrets and doing well.
@lindsayross9853
Жыл бұрын
I think the main reason people leave early is because they were treated poorly. I do agree that people can look at doing something they enjoy even if it doesn't pay much.
@beautifulvictory9683
Жыл бұрын
AGREED!
@dingfeldersmurfalot4560
Жыл бұрын
Yup. Keeping working in such situations can literally kill you off early.
@jason60chev
7 ай бұрын
I've been financially SCREWED thinking that I was helping someone. Now I have to work much longer to be able to retire.
@rockglen57
4 күн бұрын
me too :)
@richphx
9 күн бұрын
I retired at 62, have no schedule, no boss. no worries. Never retiring is not for everyone. Retirement IS nirvana for me.
@Because4545
Жыл бұрын
Semi-retirement should be the overall goal for everyone. Find a passion and tie your energy to it
@slimdude2011
Жыл бұрын
There is no such thing as semi-retirement! Either you're retired or you're not. If a person is still working only just a few hours a week, that's not retirement.
@ebowalker571
7 ай бұрын
@@slimdude2011 Most likely if a person is just working a few hours a week, they probably don't need the job and they can walk away whenever they want. It's not like being tied down to a full time job that you actually need. Big difference.
@yvonnesmith2578
5 ай бұрын
Very well said.
@troycrone9677
3 ай бұрын
I'm 67 and semi retired and love it don't ever plan on stopping
@grnmtnskier
3 ай бұрын
Bingo!
@Freyabates08
7 ай бұрын
Treasury rates are rising quickly, the markets are collapsing, inflation is skyrocketing, and the Fed is imposing a significant interest rate hike-all of which will result in further losses for portfolios this quarter. How can I take advantage of the present market volatility? I'm still undecided about whether to sell my $125,000 worth of bonds and stocks.
@StevePappas-fl1ee
3 ай бұрын
My wife retired at 62, but I'm working until 70 in case I die before her. She can benefit from my SS. I'm going to continue to work part time after I retire to enhance my income. My work is 13 minutes from my home and I enjoy it. I work with one guy who is 82. He basically helps out training people. I work with two guys who are 74 and 77. They just work 2 days a week to get out of the house. My health is good and I am very blessed for my age. I'll be able to work as I please or not work. I think it will give me peace of mind in case the economy tanks, SS becomes insolvent or I want to buy a 1970 Chevy Chevelle SS.
@DCSPORTSTER
Ай бұрын
I retired from being a mechanic and truck driver job at 65 I’m still in really good health. I have my own garage workshop that I fix things for my self and other people. I know I will never run out of projects, always be something to fix or repair. I still ride a motorcycle and have an ATV for fun. I also ride a bicycle for exercise. Me and my wife have two boys and four grand children to keep us busy. People you should enjoy life every day because tomorrow could be a storm coming and life changes.
@garrett7101
Жыл бұрын
I retired at 46 1.5 years ago. The only jobs I ever had were soul sucking and too many hours.. ZERO regrets!
@JohnBowl14690
5 ай бұрын
Less than 5% retire before 50. Great that you have the ability to do so. My job is pretty easy. I agree that 40 hours a week, even at my easy job is a little tight. 20-24 hours per week is ideal in my opinon. But that key note is to do something that's fairly fun and easy.
@garrett7101
5 ай бұрын
@@JohnBowl14690 for sure.. I may work again for fun if I find something like that 20-24 hours fun and easy
@user-oh8jj8ht1s
3 ай бұрын
I loved the work I did at my last two jobs (6 years as a legal assistant, followed by 24 years as a project analyst and then manager for a tech company). I enjoyed working long hours. What I have always had a problem with is the social interaction aspects. All my life I've suffered with social shyness and social anxiety. I forced myself to work through it, but it never really went away. Covid work from home was a God send. I thrived better than I had even before. Then they took it away last Spring. Then I got blindsided with a layoff out of the blue end of last year. So, for me, it was a totally unexpected and serendipitous occurrence. I ran some numbers and was like "whoa" I can probably just not have to work anymore (I'm 54). Never thought I would retire this early, but I'm loving it so far.
@user-oh8jj8ht1s
3 ай бұрын
What do you tell nosy neighbors and relatives when they ask what you do? That's what I'm struggling with, with unexpected (but serendipitous) early retirement at 54. I've always looked young for my age, so that actuallly makes me more selfconcious about telling anyone I'm retired.
@JohnBowl14690
3 ай бұрын
@@user-oh8jj8ht1s - I wouldn't worry about what other think. That said, it probably wouldn't be a bad idea to pick a 16-24 hour per week job just for your own benefit. It will keep your mind sharp. Just find something fun and easy. Just my opinion.
@CrabbyE8
Жыл бұрын
Thank you, Rob, for this perspective. You make a difference. I’m 53 with a company full of employees, I daydream of retirement all the time and worry about dying too young like my Dad and Grandpa who never got to really enjoy a retirement. But I love what I’ve built and enjoy it. Nice to hear that’s okay too. Thanks.
@hilarygibson3150
Жыл бұрын
I had a company with 25 employees and retired over 4 years ago just before my 55th birthday. I'd been happy with what I'd built until the last 2 years when some beaurocratic issues tipped the balance. I think you just naturally come to a point when you realise its no longer making you happy, be it 54 or 94. When you do retire - or if - my advice would be to enjoy the not having to get up and be somewhere for say 6 months before making big decisions, though have small plans to go places, see people, take up a hobby. I managed to fulfill a long held ambition to get a narrowboat (I'm in the UK), and it's been fantastic, I'm very happy I retired when I did.
@michaelshih8163
Жыл бұрын
I agree that it is hell to be retired. I will never retire, because I love what I do. To get paid for doing what you love to do is pure joy. I will never retire. The day I retire is the day I die.
@JohnBowl14690
5 ай бұрын
I've examined from both side. I'm semi-retired working only 24 hours per week. Some days, I want to retire completely. Some days I get depressed because I feel like working. I'm coming to the conclusion that 16-24 hours a week is perfect. Some structure and discipline in your life is good and healthy. Those that hate their jobs should find a better job that they enjoy. But there are too many drawbacks to being lazy every day.
@joeordinary209
Ай бұрын
Time is the most precious "commodity" we have. I like my work, but it takes too much of my energy now when i am older, not enough time or energy for my hobbies. My plan is to exit at 62, will be busy without the day work also....
@fabiGBOtown
Жыл бұрын
I have always worked for myself, I don't think I could ever retire. There's always a new interest on the horizon
@daviddeppisch4948
Жыл бұрын
Retirement is a very recent (historically) development. If you can work keep doing it. Stay active in mind and body. Why work hard to sit on your butt when you have creativity and work that is enjoyable!
@ebowalker571
7 ай бұрын
Retirement doesn't necessarily mean sitting on your butt. There's a whole life outside of work, enjoy it and do it while your still young enough to.
@erickottke9673
5 ай бұрын
Thank you, people don't know this. Not that long ago there was no such thing as retirement. The last people who would remember died probably 40 years ago. You didn't retire, you just stopped doing various things as your physical ability declined, but you lived with your whole extended family in the same house. When they created social security for 65+ a minority of people lived that long at all.
@user-oh8jj8ht1s
3 ай бұрын
Most people didn't live past 40. They didn't have much time to retire. Old people who did live that long would often sit in the hut and dispense advice to the villagers. There's no real one historical model we can look to cross culturally.
@hossainmorshed9861
7 ай бұрын
I agree 100%. Stop working means end of productive life.
@user-oh8jj8ht1s
3 ай бұрын
Producing for whom though? Some big company that will discard you like rubbish after decades of hard loyal work? They don't care about you, I found out the hard way. Why should we care about them?
@user-oh8jj8ht1s
3 ай бұрын
Companies and society don't care about you. I've found this out the hard way. Why should we live our lives for them? Live for yourselfe and your family. If you don't need the money and aren't doing what you love, then you don't owe some company or some vague concept of society anything.
@farmoboy83
26 күн бұрын
we were not born to be productive...the meaning of life, if it has one is to live, to feel and to love. Productivity is something invented by industrial modern world where there are always nembers and objectives for every freaking task you do. They even compare docotrs appointments to making shoes, where there is a maximum allowed time for appointment regardless of the complexity of case.
@rfulton5709
Жыл бұрын
Sage advice. Thanks Rob. I am still working at 72 and struggling with retiring. I still enjoy what I do.
@bigjohnson7415
Жыл бұрын
Good for you. I've been in my industry for 42 years, and I'm so over working outdoors, in the heat of Summer and the Cold of winter. I'm almost 62 and they load us down like we're in our 20's. 63 and 1/2 so I can get Cobra to bridge to Medicare, and I'm done! 18 months to go. Hope I survive.
@dpayne1943
Жыл бұрын
@@bigjohnson7415Cobra can be very expensive. Once you “retire” your actual income should reduce enough so that you can get ACA with subsidies. You may need to retire December 31 and start January 1 at lower income so that they don’t count your previous wages. It’s worth looking into…..
@stevenmorris2293
8 ай бұрын
Has anyone actually evert purchased cobra. ? Damn it’s too expensive
@Breezeyogi
3 ай бұрын
This is true wisdom. I fully agree. I enjoy working and ha e zero intention of "retiring." I turn 67 this weekend. I co.pleyely tired of all the advice and KZitems that make "retirement" sound like something absolutely necessary and as a kind of Nirvana. How boring!
@Breezeyogi
3 ай бұрын
I completely agree. We are the same age, and I have zero interest in ever retiring. I like working so long as it's something I like. And I always get a charge out of earning money!!
@itguru2037
5 ай бұрын
I’m a federal employee that works from home and don’t really answer to anyone. I get paid for my technical advice and don’t have to report to anyone. I have 5 weeks vacation every year and lots of free time. I have a lifestyle friendly way and feel like I’m retired. All the freedom in the world.
@JBSanMarcos
Жыл бұрын
Bravo! This really needed to be said Rob! Life is not one-size-fits all! If working brings one great joy, why should they quit working? No one can judge whether what brings one person joy is better or worse than what brings another person joy. Too many youtube channels seem to look down on those who don't retire early. And a second bravo for not claiming to be "retired" when you are really more like semi-retired. Enjoy your channel and the honesty you bring!
@JGalegria
Жыл бұрын
Yes semi retired will be the new retired for GenX and Y. We are more prepared to diversify our careers /vocations etc to work outside ordinary hours and work from home and work in unusual occupations that are niche or are individually taylored to our unique abilities and experience. The world is changing. The days where you worked your whole life for the company and then retired to the suburbs are fading away.
@donkemp8151
Күн бұрын
I’m 70 and also a financial advisor. I have no plans to retire. I have flexibility in my schedule and work with clients I like.
@Mike-iq1cn
15 сағат бұрын
Turning 61 this year and continuing to work. Like the job, the hours, etc. and have been there 35 years. Plan to keep working for the foreseeable future. Peace.
@LinhHa-sd4zf
7 ай бұрын
Hi Rob, thanks for posting this clip, now I can go on and keep on working without having a second thought. Man, I always thought that working longer I would look 👀 stupid, but now, after come across you, I am no longer afraid…I love what I do, and in turn, I got to keep my mind in shape…millions thanks to you, looking forward for more of your posts.
@davidallen8809
3 күн бұрын
100%. First retirement planning video that truly resonates with me. I am 64, have plenty of hobbies and more than enough $$ to retire should i choose to. However…I love my career (leadership geologist in resource exploration) and i love the lifestyle flexibility provided by my employer. Also, every day i am living the life i want rather than building a “bucket list” and waiting for life to begin. Thanks for your refreshing perspective
@dd87777
Жыл бұрын
Echoing your 7th reason, I wanted to thank you Rob for your videos! You have a kind, patient, and accessible approach to your topics. We are all blessed that you are willing to share your knowledge. I’m in my mid-30’s and have learned so much from you. I wish I had all this financial knowledge back in my teens and 20’s. Just goes to show you what kinds of extra education is needed in school and in college nowadays. I try to listen to one of your videos everyday on my commute to work. Please keep ‘em coming!
@jeffagoddard
22 сағат бұрын
Great content! Not sure if you’ll see this, but I ran a consulting company for 27 years, then sold it and forced into retirement due to an illness. But I’m super busy today with music production, a KZitem channel and a half-dozen other pursuits. I still manage my time like I have a job. I’m on a bigger quest than ever to learn anything and everything - I feel I’m at the peak of my cognitive capacity. Who knew?
@outdoorguy845
Жыл бұрын
Retire as soon as possible and enjoy life. I'm 61 years old been out of work because I just had surgery I love it so much I decided I'm not going back. Don't ever work if you don't have to
@PETER394100
Жыл бұрын
On the contrary! I’m 70 and will be retiring very soon after 50 years in the medical field. My retirement day will be the happiest day of my life. 😀I will “dread” it about as much as I dreaded high school graduation! The noise pollution that goes along with hospitals…….constant overhead announcements and bulletins, co-workers constant chattering and hollering to each other down hallways, nurses screeching and laughing (like they’re at some drunken bash), alarms from several different types of machines, dealing with patient’s family members, patients continuous pressing their call buttons, patients moaning and yelling!…….backstabbing supervisors and coworkers…….work hours and schedules which prevent any type of normal life. A hospital is HELL ON EARTH! Only a moron would be ‘sad’ about retirement!
@Sheila06854
3 ай бұрын
God bless you for your service. I could never comprehend how people can work in hospitals. I would be so depressed.
@doubledogblitz9644
Жыл бұрын
There is a huge difference between jobs. If your a office professional you can physically do a job much longer. I think we need more advice for people who physically can't do a job into there 60s.
@ChrisMozley-tf8se
Жыл бұрын
Yep
@jimhenschel9879
Жыл бұрын
Rob, you do make a difference in a lot of people’s lives with your information. Keep bringing this. Great advice! This is a great video and another great example of how you’re helping people. Love it!
@edmhie1
Жыл бұрын
I know a guy who only retire when he died..............he lived the dream.
@jackthecanuck6736
4 күн бұрын
Lots of folks commenting about their retirements & how much they love it. That's wonderful & I'm happy for them. I'm 76 & still working, but to my own schedule. We all look at things differently & with very personal lenses. I enjoy my work & the people are one of the biggest factors. I also believe that it does keep your mind sharp. Live long & prosper.
@inuvik491
22 сағат бұрын
I love my job, I’m 62 and can retire , in fact I did retire once, then they made me an offer on my terms and I’m happy with it.
@NoLegalPlunder
Жыл бұрын
There are a million interesting things to do in life. Many of which don’t pay anything. I can’t imagine anyone wanting to be locked into a rigid existence if they don’t have to. People work so long they lose their imagination and miss out on enjoying life. Play tennis, play basketball, play board games, read, write, paint, do photography, astronomy, gardening, woodworking, learn a musical instrument or 2. This is without me even thinking.
@jackthoma3600
7 ай бұрын
@NoLegalPlunder ...your life seems very boring...
@NoLegalPlunder
7 ай бұрын
@@jackthoma3600 What leads you to say that?
@vo1non
Жыл бұрын
On a death bed, no one ever says I wish I had worked more.
@TheBennik
4 ай бұрын
You're already on your deathbed if you're not doing anything.
@MultiOutdoorman
Жыл бұрын
An extremely valid proposal for many of us in our 50's and 60's who have less financial commitment, but have insufficient portfolio values to begin drawing down on them... Time is our most valuable commodity and "we don't get it back, the clock only goes in one direction"! Health- permitting i hope to always work until i am literally unable to do my job. ( self-employed construction worker in a 20 yr strong business partnership) We started taking Fridays and Mondays off for a while. We upped our daily rate for labour and found the work stretched even further as a result ! Food for thought !
@diegofallas9119
3 сағат бұрын
The best shape older guys I know are both over 75 and working in their own companies. So it is my plan to followvthat path.
@Blublod
Жыл бұрын
If you want to work until you drop dead then be my guest. If you believe you’ll drop dead if you stop working then be my guest. If you feel that the hoard of retirement savings you have isn’t enough to fund a proper retirement then be my guest and continue to work, since after all, you enjoy it. But the great majority would disagree with you, and the fact remains you will die and you won’t take any of it with you.
@carltonbaer4278
Ай бұрын
Rob, your channel is my favorite of all KZitem financial channels. I appreciate your thoroughness in dealing with each retirement financial topic. I think this particular episode was my favorite one. I think that helping and serving others and making a difference as long as possible is so important. I don’t ever want to retire from that! 😊
@legiontheatregroup
Жыл бұрын
Amen brother, agree with your points 100%. The key - and the reason I believe some people push back against what you are saying - is having the desire and ability to find income-generating work that you truly love doing.
@travisadams4470
Жыл бұрын
I'll take this under advisment, but im going to give retirement a try
@RetirementbyDesign26
4 ай бұрын
Love this response!! Noted!
@peterburkard6586
Жыл бұрын
Thanks, Rob, good advice. One more reason would be, especially for the self-employed, to be able to continue to deduct supplies. This would apply particularly to agriculture or horticulture. I sold my products at the local farmers market for 40 years but tried to keep enough customers after retiring from that in 2018 that I could continue to keep chickens and bees and grow a few crops and sell the surpluses. So now everything that I have to buy, like feed and equipment, continues to be deductible because I declare all the income I continue to make on my taxes.
@JGalegria
Жыл бұрын
That sounds fantastic! Where do you live?
@peterburkard6586
Жыл бұрын
Sarasota, Florida@@JGalegria
@paulbonham7803
Жыл бұрын
hi Rob, thank you for the excellent content. I agree with what you said. I just turned 60, and I am an insurance claims manager who really likes my job. I feel that I am making a difference to my department, and I plan to work until I am 70 possibly early 70s. I agree with staying engaged mentally which helps prevent cognitive decline.
@ShOwStOpp3rr
Жыл бұрын
Rob obviously never did any manual labor jobs,,its one thing to chill out in air conditioned building writing financial articles its another breaking your back and knee's breathing in harmful chemicals,risking severe injury every day for a paycheck,,yea no offense but im retiring ASAP you can have my spot.
@hanwagu9967
Жыл бұрын
I don't think he said retirement work had to be the same as non-retirement work. You can turn a hobby into a job, you can be a walmart greeter even (my grandpa did), you could start your own company that employs the manual laborers while you sit back in your a/c office. The point is that retirement may not be what you expect, if you can afford retirement why not continue working doing something you enjoy, that keeps you active (at least your brain), while getting compensated in the process. Bottom line, retirement doesn't have to be the reach x years old and stop working template.
@wakethebarbarian4577
Жыл бұрын
Very true. There is a huge variation in the stress level of jobs due to a variety of factors. Most people are not doing jobs they enjoy and would be better off retiring.
@mattwright2964
10 сағат бұрын
I think it's labels and words. What we are really talking about is more flexible working and learning. We retire because systems tend to be inflexible.
@JayANesbit
Жыл бұрын
I continue to work one day each week in pharmacy at the age of 70 for all the reasons mentioned in your video. Go Bucks!
@darrencarr9958
Ай бұрын
Thx Rob, people keep telling me I should retire (wife, family, coworkers) but I love my job and get a lot of purpose out of it. I’m 55 and could retire on a work pension of about 150 K a year plus another 50 K a year after taxes from investments.
@shaynebowen5436
Жыл бұрын
I love your channel. Your content is approachable and very clear, yet always well-researched and thoughtful. I've especially enjoyed your videos related to having a lifestyle friendly business and not retiring, even though you don't need the money. Really enjoy the channel and I thank you for all the content. You have a fresh perspective that doesn't just go along blindly with the FI crowd. Very well done!!! Thank you!
@pedrowhite911
Жыл бұрын
Well said! I tried early retirement and failed. Financial freedom was the easy part. Figuring out what to do after getting there is quite another matter. I am back to work, although on my own terms, because I missed my work and the overall sense of accomplishment. I quickly discovered I could only stand so much leisure time before it grew old. I think I am one of those who will continue to work, perhaps on a sliding scale, well into my older years. Thank you for your perspective and your inspiration of having retired 3 times!!
@rob_berger
Жыл бұрын
Congrats!
@bigjohnson7415
Жыл бұрын
More power to you. I have friends to get together with and play guitars, and have always been interested in volunteering with Habitat for Humanity, but working a physical job outside for 43 years, all my time off, especially in the last 10 years or so is Recovering from the week, and getting ready for the next. There was a time, back when I first got into my industry, that the "Old Guys" like I am now, worked in back shops, and cruised to Retirement. Those jobs all got outsourced, and we have to work the same grind as the 20-30 year old now. If our country didn't tie Healthcare to employment, I'd have no problem leaving now. And no, I don't qualify for the ACA, just have to struggle a couple of years more.
@JGalegria
Жыл бұрын
Exactly! The pleasure paradox I believe it's called
@beachbum77762
10 ай бұрын
I think this is the only video of yours I've watched that I really agree with. Some people really enjoy being retired, but I think many or maybe most people are happiest if they are working, especially if they are working with people they like.
@nancygaye
6 ай бұрын
My husband is retired but I’m still working. He’s 4 years older than me. On my days off, I’ve noticed he doesn’t do much which isn’t like him. Granted it isn’t mowing season which he loves. I love my days off and PTO which is a lot. But after a few days off, I’m wondering what everyone at work is doing. 😂 I feel like I still have a lot to give. I retired from working for someone in my 40s. I went to work for my husband. I was kinda bored.
@markjoseph2801
Жыл бұрын
Psychic rewards from being connected and and having a bit of cash flow are huge! Today my PT employer bitched that I'm not working enough hours and Im 65 and have leg issues. Frustrating to need a place more than it needs you. I haven't had the guts to do the KZitem thing but maybe they just pushed me over that fear. Thank you Rob and all the good people out there!
@jacinta2707
6 ай бұрын
I totally agree, it is such a good thing to keep working, especially if you're self-employed. They are so many opportunities for older people to start their own business and create more income along with learning new skills and meeting new people. Great video, this is my first time to your channel and I love your style nice and relaxed and a nice distance from the camera. I have watched a few others today that are so intense and too close to the camera that it is uncomfortable to watch.
@harriseppanen5207
3 ай бұрын
I am 67 and enjoy working. Tomorrow I am travelling to Australia from Sweden doing work and I love it.
@gerilaforte1266
Жыл бұрын
Hi Rob, I’m new to your channel and THRILLED that you’re NOT retired and bringing your expertise to a wide audience interested in the subject of finance, retirement, and living well! In just a few episodes you’ve given me new tools to build a better portfolio; slimming down the fees, thinking long term and counting the Pennines saved with complete GLEE! Thanks so much for the myriad of subjects that you bring to the channel, I’ve looked for this perfect fit for quite some time and HERE you are! Geri😊🎉😊
@stevenfernandez4787
9 күн бұрын
I had a great job, the best for my personality. I was a physician, still am I guess, an anesthesiologist. retired at fifty for medical reasons. I always say I loved working at my chosen profession, I was lucky. hell lucky, it was at the top of a very short list of things I did right in my life. it was a good decision. but I have also said the only thing I love even more than that job was not working at all. its glorious. not for everyone but man oh man it works for me. im 65 yo now.
@Sheila06854
3 ай бұрын
You are so wonderful Rob! You always have something educational and useful to say. Far the best KZitemr in your field. Please keep going, we love to learn, listen and watch you. I have to say, it is good to be working and making money if you enjoy what you do. If you are miserable and have enough money, just go ahead and retire or find something more "lifestyle friendly". I`m 49 and planning to work a few more years full time for somebody else and I will be able to do whatever I want. I already moved to Mexico 2 years ago and work remotely. Retiring outside of the US makes sense to me since my money goes so much further.
@El_Porcho
Жыл бұрын
Completely agree with everything you say. I've recently come to the same conclusion myself: work as long as I can. And it's for exactly the same reasons you said in your video.
@jayson657
Күн бұрын
I’ve watched my grandparents retire and both parents have to go on disability and all became bored and slip into dementia and Alzheimer’s. No thank you! I’m 43 and I’m going back to school to finally get my engineering degree. I’m not going through all this time effort and expense just to work for a few years. I’m doing it so I can work, contribute and keep my mind active hopefully well into my 70’s and maybe even 80’s.
@joshua1462
Жыл бұрын
Dying on the job is never better than dying with a sense of independence and freedom. I am willing to bet that most that want to continue to work are scared of retirement and may not work as hard and under stress as some others. In my profession I see lots of "coasters" that get paid pretty well but do very little. Yes, in that case, why retire?!!!
@denniskirschbaum9109
Жыл бұрын
I was completely retired for 2 and a half years. I was happy but sometimes I felt like I wanted a way to contribute something to society. Then I got an offer to do some part-time work for a nonprofit that I thought that I would enjoy. I took it. I work remotely. I can work while traveling. I mostly make my own hours. The money while not a lot is still significant and reduces the draw on savings, which feels good. The job helps me continue to feel a sense of purpose and makes me enjoy the time I am not working all the more.
@micTie7774
Жыл бұрын
I'm at the same stage as you, but looking to find part time work, would be grateful if you could share what kind of part time work you are embarking on, just for some ideas and inspiration. Thank you in advance.
@denniskirschbaum9109
Жыл бұрын
@@micTie7774 I am doing accounting/bookkeeping work using online accounting software. I also do some online teaching along the same lines.
@juliesands7870
36 минут бұрын
I can’t wait to retire!!! I have worked hard physical jobs my entire life. I’m tired and done with the workflow.
@Firefighter53
8 ай бұрын
Some careers (i.e. Firefighter/Paramedic, Police Officer) cannot physically work into old age, but I think working PT and participating in my hobbies/interests (church, scouts, bowling, fishing, etc.) will keep me going strong. It always amazes me when organizations ask for volunteers, and the seniors all report that they are too busy to volunteer, but then request visits because they are lonely & isolated.
@smichener1
Жыл бұрын
I love the work I do as a therapist and am self employed. I have more than enough money to retire. The one thing about working that I don't like is the obligatory nature of it. If I schedule just one appointment for today I have to keep it even if I'd rather be doing something else. I enjoy your videos. Keep em coming.
@SurpriseMeJT
9 күн бұрын
I know a woman that is 94 years old. She stays pretty sharp and recalls stuff that amazes us. Her husband (same age) was a hard worker his whole life and wasn't much of a reader. The wife has had health episodes where we thought her mental capacities would never come back. She's an avid reader and sure enough after a health scare or time in the hospital, she returned to reading and her cognitive abilities came right back. Socialization does work for reducing cognitive decline, but so does reading.
@miketracy9256
7 ай бұрын
That was great advice, Rob. Working is always way better than sitting around watching TV. With the 34 trillion-dollar debt, we may soon have no choice but to keep working and paying ever higher taxes.
@olivercromwell5364
3 ай бұрын
Is sitting around watching TV all your imagination about retirement allows? I've been retired for over 10 years and I don't even own a TV. More to life than punching a clock or watching television.
@Barbara-jn2gw
3 ай бұрын
oliver cromwell. 🎯. just be there for people, garden!, hike, read, learn new skills, start a new hobby, volunteer
@FIREhiker
Ай бұрын
Plenty of people haven't ever had a job in their lives, but take PLENTY from the system. Maybe it's time for them to get a job, dunno.
@jimbo6993
19 сағат бұрын
Some of us did physically demanding jobs for years that most people can’t do at an older age. No one at my former job was still doing it at 65.
@utubeAgape
Жыл бұрын
I really enjoy my work and am grateful for all the fulfillment I get from it. The people are awesome, the energy I feel while working is amazing and the assignments are challenging and fun to complete and to solve. If work is no longer fun, it will be time to retire. It will be hard to find an activity that rings my bell as much as my work does. I have hobbies and I am not into travel, but I think I will always enjoy some sort of involvement at work.
@MrClintL
Жыл бұрын
Rob, I retired after 31 years at AT&T in February, 2010. I've been a realtor ever since. I need a reason to get up in the morning, goals to strive for and am now 66. I just couldn't handle sitting around doing nothing. Even the thought of it makes me lose my mind. It's not even about the money. As you say in your video, I stay connected with people and keep learning through volunteering and various social organizations.
@boombustinvest
10 ай бұрын
... but how did you get into the property industry as a 'retiree'? Did you have prior experience in property?
@gpdoyon
Жыл бұрын
No worries, Rob. The vast majority of people won’t be able to ever consider retiring early as they never prepared for it. Retiring early, or at all, is a dream for most of the family and friends I know.
@justliberty4072
Күн бұрын
"Significantly lower levels of social engagement" sounds like heaven to an introvert.
@williammartinez3883
2 ай бұрын
I had 10 bosses buck that 20 hands have let go of my basket balls. Retired at 62 zero regrets love it best life ever!!!! Most happy iv ever been.
@MichaelNel-p5g
Жыл бұрын
I think it's great that some people want to keep working even if they can retire. Loving what you do and getting paid for it is definately something to be thankful for. Volunteering has many rewards and it's worth doing.
@MakemAllXD
Жыл бұрын
I'm excited for my future retirement job I have picked out. I won't make much money but I'll be financially secure and will just do it as a passion without worry.
@dryster123
28 күн бұрын
I could not agree less. I "retired" three weeks before I was fifty and every day has been better than the last. When I retired I thought to myself, sure, I can work again if I want, but because I had a loose retirement "plan" of moving to a new province, and having each day like a holiday, the idea of working again became a pipe dream. However, good content, perhaps for those 1% of people who have convinced themselves that they "love" working, which in my small opinion, means they have never stepped out and experienced the rest of it, which isn't work.
@Majorbanjo
3 ай бұрын
I retired from a Job I hated in my early 50's......now I have a job that pays less, zero stress, and very enjoyable.....my plan is to never retire.....
@James-zy5lh
Жыл бұрын
I can’t say I have ever worked a job I loved enough where I would elect to continue working vs taking retirement once possible. For the folks who’ve found that, I might say that is an untypical luxury most won’t get to experience. For myself, the goal of retiring early is less about retiring and more about having the time back to devote to genuine interests and passions - which may include doing work of some sort. By the way, I enjoyed the book Retire Before Mom and Dad so much that I have gifted it to several high school graduates over the past couple years. Thanks!
@freedomworks3976
Жыл бұрын
F.I.N.R. - Financial Independence Never Retire is what I live by. I Retired twice and ya it wasn't for me either. My employer is 91 years old and he still works. I hope 🙏 to work as long as I can.
@heidikamrath1951
Жыл бұрын
That’s so cool! What field are you in that your employer is still at it at 91??
@ebowalker571
7 ай бұрын
How sad is it that some people that have enough money to retire have to continue to go to work because they cant find anything better to do. If you need a job just to occupy your time then you need to seriously evaluate and make some changes to your life. Hike, fish, golf, garden, house and car maintenance, volunteer, relax, exercise, be more available to people in your life. These are just a few things to get started.
@Barbara-jn2gw
3 ай бұрын
this is one of the best comments ive ever seen on YT. Just be there for people, there's always something one can do to stay engaged
@BusterDarcy
Жыл бұрын
All the things you’ve listed are exactly why you should aim to retire as early as possible - so you can avoid falling into the trap of only ever deriving meaning from being someone’s employee. Life can offer you so many more ways to experience the joys and challenges, accomplishments and connections that most will sadly only derive to a limited degree from their careers. Get out there and discover how much more there is to you and what you can take from and bring to this world, before it’s too late!
@pls5201
Жыл бұрын
Amen and thank you. I had a wonderful public service career. Retired on time (65) with solid finances but still work part time. Ready now to discover what else might bring joy and purpose while I am healthy. Get outside before the climate crisis takes more beautiful nature. There’s more to life than sitting inside at a desk, even if it’s your chosen desk.
@kjyochum2840
Жыл бұрын
I was retired at age 62 from Disney in 2020. Was not my plan or what I wanted. But, there I was. And I am making it work. But ready to work part time bc I am sociable and bored.
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