Видео

If you're healthy and not yet retired think about selling blood products, Plasma,whole blood etc. I've seen a video about a guy who semi retired at 62 living his best life in a mid sized trailer, traveling around each day finding a better cup of coffee than the day before. That guy is "crushing it"

Most Americans voted for Obama is why Boomers are in trouble.

Retiring means lots of time for maintaining the stuff you have accumulated. Not much need to hire someone as most of the repair instructions are here on RUclips and right to repair is the law of the land. If you no longer like to work on cars and have come to the realisation that honest mechanics are nearly nonexistent, you will want to consider bike commuting. You will have the time and can always rent a vehicle the few times a year when it is necessary.

My wife and I are both retired law enforcement. We also were volunteer firefighters. With those two jobs, we were able to retire in our 40’s. We are now in our 50’s, and are extremely happy with our early life job choices.

Ss long as the government keeps sending my SSI checks and subsidizing my rent? *I'M FINE.* For those who judge me? A lifetime of physical labor has taken its toll. From my back to my knees to my heart.... I'm broken and don't have much longer.

I don't know if I'm in financial trouble but I'm sure I don't have enough saved up so I am planning to work until age 70 to maximize my SS and save until then. Ideally I should inherit a good chunk from my mother when she passes away so that should help also.

COBRA only lasts 18 months in most cases.

The number one reason they take it at 62 is because...... they need it.

Can't find a permant job at the moment

I'm trying to avoid new buys now in order not to get sucked into a bear trap. On the other hand, l'd love to know best possible areas and ways to invest amid downtrend, my goal is to retire comfortably at a ballpark of $1.2M

Early? 66 and 8 months is my date, November 2024. House and car paid off, no debt. As a widow, I have *no goals*. You know, like traveling... i plan to work at the company until I just don't want to anymore. I will take SS and contribute that same tax deferred amount (while getting the SS) until I am where I want to be. I would like comments but NO referrals. Full Part A, Part B and a whole prescription plan.

Thanks again for all your help, love your channel😊

if the wife is not on board it ain't gonna happen

And let's also consider non-IRA accounts.

Wow. I can't remember seeing a seven minute video that packed more useful information in it than this one. (Many instructional videos don't ever _start_ to get to meat of the discussion until _after_ seven minutes, or more, of pointless ramblings have gone on!) Thanks for taking the time to put this together. Thanks for taking the time to put your many other videos together too. I like the idea of delaying SS for as long as I can. The yearly increases, about 8% each year, are guaranteed. (Your percentage increase from receiving benefits at 62 vs receiving them at 67 is exactly 42.86%. This is the same percentage for everyone regardless of the actual benefit amount. And waiting until age 70, if you can do so, is a 24% increase from your age 67 benefit.) These percentages are high enough to be worth considering. (And yes, of course there's also the SS adjustments from COLA.) My 401K has not done very well at all the past three or four years. That growth, while it might be potentially more, can also be much less, given a few consecutive bad years. I plan on living to be 90+. I never smoked, never drank, was never overweight.. and both of my grandparents made it that far. And my mom is also still alive, whom I resemble and take after. (She is 84.) Hopefully I inherited some of these longevity genes. I also like the idea of receiving a fat monthly SS check for many, many years!

Taxes are a debt that never goes away.

Very American video which is fine but as an example here in Canada our SSN is hardly if ever requested in fact I can’t remember the last time I was ever asked for it in any fiscal transaction. There might be one exception to not telling your fiscal details to family .After being in the situation of having to “ re do “ my Estate paperwork I was strongly advised to give my two kids a heads up as to how I see it as of right now . The Hollywood version of the family sitting in front of a lawyer for the big reveal is not recommended. By the way like the UK and Australia WE don’t vote for our PM it’s a “ party “ decision to declare a leader .

Physically disabled on SSI that can't work and are alone in life trying to take care of themselves when society gives them no additional help at all and only getting 1100 a month a pittance to live on are doing worst of all. Wheres the further help for them?

What about other non SS pensions (such as a state government pension) ?

I just turned 23 and want to devote myself into becoming a millionaire by 30, I already have £80k saved, £65k lump sum following the death of my father and £15k in personal savings. So far ive come across dropshipping, stocks, and real estate as the most popular means of doing so but i was wondering if any of you guys had any other suggestions, at this stage im just trying to learn about the most viable ways of achieving success within 10 years

I have had to come out of retirement in Asia and I am flying back to Canada, because of the rising costs of real estate in Canada. It is a shame because they are targeting the people who have worked hard all of their lives. I have to return to work at the age of 68.

I was told to comment my question here, I'm 50yrs and Truly this is no time to taper retirement savings. I want to max out my retirement contributions and Also have $200,000 from property sale looking to invest in a non-retirement account.

Simply invest early and often to plan for an eventual retirement. Take the thought out of retirement planning by actually planning ahead.

The upfront jaw-jacking takes TOO LONG. Get to it!

Healthcare is a big deal. We are allowed to stay on our company plan , but we have to fund the entire premium ourselves.

New Retirement is a good tool. Tbh ChatGPT 4o while not completely accurate is a good tool to direct you to do further research.

What about financial advisor

Great video. Off topic question, why does the lamp behind you keep cycling on and off?

i do not understand the sport shopping or what my generation call retail therapy

For me the bottom line for retirement is could live on my assets. I retired at nearly 30 years on active duty as a senior naval officer in 2021. In 2022, I retired at the age of 62. Just remember, you can retire when your assets work for you.

if someone bases their retirement on their stock market returns then they are a fool

I knew there was a reason you gave reasonable advice

Go Blue

A healthcare plan for many does not include taking steps to lead a healthier lifestyle. Annual physicals, blood tests annually, low impact exercise, reduced weight, and healthier eating should reduce healthcare costs for most who work at it.

It seems the way to have perfect retirement is where one never encountered any hardships of life . No loss of job or business, no medical problems no 2 children in college at the same time a huge salary where you can save have no debt and of course a wife who never wanted some of the better. things in life!

fiduciary sounds great but in reality their income depends on selling you products...self education can save you hundreds of thousands of dollars...keep the certified financial parasites out of your retirement accounts. Retiring with debt is a recipe for disaster.

Thanks for doing this. I recently passed FRA and am getting ready to take SS. I could have retired earlier but had almost the same list as you for reasons not to retire. The biggest one is that the income I made while working before FRA would pretty much wipe out my SS check.

Geoff great video! Thank you. Really enjoy your channel

wiped out credit card and student debt....whew retiring in 8/2025 at 62

I have found financial planners don't want to talk with you unless you have large investments. They don't want to deal with the little people.

Nice concise video.

Retiring in 27 Work/ +21 Vacation/ 68 Calendar Days with a 70% Pension at age 62. I'll deplete my 403b BEFORE I file for Social Security, probably at Age 65 when I take Medicare. I'm headed to SE Asia on a Six to Eight Month Vacation to visit Friends & Family. I'll base myself in Cebu City, Philippines & visit Indonesia, Malaysia & Guam. In April 2025, I'll decide IF, I'm coming back to the US or filing for a Retirement Visa.

I retired at 50 and my entire life is a hobby. Heavy equipment, fast toys, slow toys, expensive whiskey, traveling. The list goes on. 🙌

Yes sir watch your program as much as I can when I have the time I worked all my life even as a young boy lifting 5060 pound bags of potato sacks when my uncle who I live with, wouldn’t leave me out just for so many hours in which we were allowed to work at that time when I got my work papers at 14 and that paid some of my board in room and gave me a little bit of spending money. It wasn’t until I started Working on a full-time basis, so I learned to be very frugal with my money. I had to grow up real fast as I was a Bandan by my father and mother, my brother and I and my uncle took us over and raised us he had had enough times as it was on the little Social Security check. He got back in his day, without having more burden on his shoulders, but anyway, my wife and I are retired at the age of 70 because number one we wanted to receive the 8% per year that we were entitled to which gave us an upswing of almost 25% of income added to our Social Security. In the meanwhile, I have been working every day a 40 hour week because my health is good and I’ve been able to do so and every two years I check for a computation every November, and usually every two years I get a small computation nothing major just a small little computation and they do this every year they check you out, and if you asked when your call up in November, if you’re going to receive a computation they’ll tell you where they are so no without you and then you’ll get paperwork in the mail but I will continue working as long as I can. I do not understand people who have very little as it is just to lay down and call it quits and retire at 62 years old to me. This is the dumbest and stupidest thing. A person can do especially a person who does not have a lot we are like everybody else the working class who have struggled all our lives to try to make a few dollars here in a few dollars there and make it stretch when you raise a family and pay for all the amenities you have to pay for it wasn’t too much money left, it is still a struggle and we will not retire until we cannot work anymore. We have made it clear to each other that we are better off to keep going keeping after of watching our health and exercising when we can and eating healthy so that we will continue having some kind of income so that we can continue putting our Social Security checks away but when the day comes, we cannot retire anymore we live basically on a working trucks we both work 40 hours a week. Sometimes I work overtime. Yeah that’s the route but when I have a chance to grab it, I take it, God bless and protect you and yours. Love your programming. I watch it like I say when I can sorry to make this so long please forgive any spelling errors that might be in this. I didn’t get a chance to check it out and I’m just too exhausted long live the republic.

We used to pay $70 a month with a $600 family deductible for Blue Cross. Medicare is much more expensive than what we used to pay for health insurance coverage. Plus u get sicker as you age.

Another GREAT video!! Thanks!!!!!!

any news on 2025 roth ira limits for someone 60 years old ?

Thank you Mr S, first. Retired Mr S, pension, 401K and SS (62). My pension and my SS gives me more money then I made during my last years working. My 401K is my funny money and we are off to a world cruise next year!

The biggest problem is the present administration and big companies causing inflation and making it hard for people to live.

77 years old. The usual life - widowed young and raised a child alone. There is no secret to financial success: live within your means, understand what you invest in, and don't buy what you don't need or use. 70 years ago, I read an article in Readers Digest about a retired school principal. He had a nice home. How did he do it? He worked and his wife did not. So they owned one car. They never bought furniture on credit, only when they had accumulated enough money. How do I do it? I drive a 20 year old maintained car. I use one credit card and check/pay the balance every morning. I am well aware that 1/2 of a person's lifetime medical expenses are incurred in the final illness. My medical coverage is in place and I have an estate plan that allows someone else to handle things for me.