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New subscriber here! Looking forward to your future content.

Great advice! A few of my work buddies sometimes call to talk and have asked me about living off a retirement income because they are getting close to their own retirement. One of my suggestions is to them is to try it out by setting up a budget of what they would bring in when they retire and to live off of that budget for a while...put any extras into their savings and that way they know they can live off of their retirement income. Good video and great advice, check statements early and get acquainted with all of your accounts well before you retire.

Bored! I don’t know how I had time to do all the things I do while working full time. We want to see the country and we are.

Bless you. My mom has pretty severe Crohn's and has for all of her adult life. She too had a couple surgeries to have leaky and inflamed intestines removed. Poor lady has been through the ringer but always has a smile on her face. She is on many medications for that and other things and my parents use an insurance broker. He sits down with them yearly yo review their meds and find them plans to cover them. I would say defintely get an insurance broker in your ring.

I did a lot of research on insurance before retiring. I’ve been retired 3 years. We went with part G and a blue cross supplement. We decided against an advantage plan. The advantage advertised all this free stuff, but when you look under the hood. The advantage plans had a lot of control over your health. An example, my brother in law is a diabetic. His doctor prescribed a Dexcom blood sugar monitor. Medicare advantage denied it. My wife who is on regular Medicare had her prescription for. Dexcom filed. No review or questions at all from Medicare. The advantage plans are in business to make money. How do they make money? By denying services. You can look at the drug plans to see which will cover your drugs. Plan N is basically the same as plan G. The one difference with plan N is if the doctor want except Medicare payment you’ll be responsible for the difference. It’s complicated to say the least. But, the federal government is involved. So, I wouldn’t expect any different. Hit me up if I can help at all.

More and more doctors are not accepting medicare. With inflation rising under Biden, it won't matter anyway, basic living expenses will eat up your retirement savings and everyone will be in poverty.

An interesting and frank video. Sounds like you need to conference with your wife and other recent retirees to gather information. They tend to practically be experts. Many have spent a decade gathering information for the big day… I hear that the people at your local Social Security Administration office can be very helpful. Make an appointment and hopefully you get an experienced person who can guide you beyond the details available online.If your retirement is only five months away, I think you are a little behind but nothing insurmountable… Your story about the drug and the expense is infuriating. I hope that a Medicare supplement will cover you. Aside from a pension/401(k) does your company offer any medical options for retirees? Good luck. I am sure it will work out.

Original Medicare plus some type of supplemental allows you to essentially pick any doctor anywhere in the US. So if you turn into a snow bird you could establish care in both towns, and IF you need advanced care at like Mayo, or Hopkins , or Cleveland. Medicare generally works. Medicare advantage plans generally limit care to a local PPO or HMO network and if you want to head to Stanford for something cutting edge chances are they'll say no. If you travel alot , and need to be admitted long term away from home Original medicare typically works better . IF you never leave your area are happy with the local hospital system then an advantage plan may work but if a particular specialist you want to see is 3 counties over , out of network then you'll be wishing you had Original medicare.

My husband is on Medicare and has a supplemental plan where he can visit the very large facility in town for basic care, but we found that if he needs specialized care such as extra eye testing due to his glaucoma, we have to travel 45min south to this insurers' larger facility that has more advanced equipment. And we have to go another 45 minutes past that if he needs hospitalization. We can go to the local hospital in our town for an emergency and it's covered but it's a small hospital and staying there for any amount of time is not covered by his supplemental insurance, he would need to be transported once he was stable. Our neighbors have found this to be an issue as well, for basic appointments the places in town can cover most things but for larger issues they have to travel as much as an hour and a half to a facility that their supplemental insurance covers. This might be something you want to research...what supplemental insurance plans do the facilities around you accept and does it cover transport from your home to an emergency facility. Some only cover fire dept emergency rides but do not cover ambulance rides by private companies. ($$$) Last year my mom had to be transported over two hours away to a facility that had a bed open for someone with Medicare after she broke a hip! After she was sent home this facility is the one that also needs to do the follow up appointments...a two-hour drive there and another two hours back after the 20-minute check up with a hip that had just been operated on! Ugh.

With regard to working, I plan to do project work. So... I'll do some kind of job for about 4 months, months i want to be in my home state. I won't work beyond that. The additional income will be nice but like you, is not the reason. I'm retiring at 58 and like the idea of creating contrast between free time and working time. I think i'll appreciate my time off more if not all of my time is free time. The reason for doing project work is that it won't limit my travel and other plans I have that require me to be away. Also, I am going to do this project work for causes I care about, rather than corporations, which has been my career. A bit of meaningful work and then 8 months of freedom sounds like a nice early retirement to me.

Aren't you supposed to sign up for Medicare by the time you turn 65?

I’m on BCBS Medicare Advantage. Loving it.

well... i retired early in my mid 50s... now, a lot of my peers did the traveling BUT they overspent... a lot of guys do the project cars and other expensive hobbies and get nickeled and dimed to death.... so my point is make sure to stay in your budget... don't do the crazy one time thing that takes too much money... try to stay focused on God, family, yourself and your local community.... build a routine and try to stick to it, have daily goals and do them (even when you don't want to) ... and really the most important is to keep mindful of being kind and considerate of others ( a lot of guys tend to stop having patience for others so don't be one of them... don't lose your moral compass)

I was an Army officer and retired at 48 in 2022. I still work part time as an RN (24 hours a week). I like the extra money, but it is more about keeping my mind working. I do hike, play guitar,, workout, and read. Really those things don't cost much money and it keeps me in the game. I do fear my mind turning to mush, but I appreciate my situation.

People are dumb as hell both my neighbor and me are never bored in retirement. I guess some people never had hobbies. I can hear him on his property in the workshop just like im sure he hears me. I think it up i build it. I literally will never run out of things to do. As a matter of fact i know i will never get to it all.

After a month in retirement I sat down in my easy chair for 8 more months. Went back to work. Set in my ways. To be active I have to be at work.

Thanks Brother for this video! It really hit home for me. I retired a year ago, I'm 52 now, but I have zero motivation. Your video just gave me that kick in the ass that I needed.

I retired at 41 about 4 years ago now and have found what works best for me is to make daily to-do lists, the day before. Fill your day by schedule, and follow it religiously. You'll find that your days fill up fast and you'll feel like your running out of time every morning when you get up 😅

Other people bored and retired concerns you? Seriously? I retired at 47. I'm now 55 and travel abroad at least twice a month. I love life! Mind your own damn business. You're obviously miserable. Keep wasting your life drinking shi$$y coffee inside Wal-Mart. That doesn't mean the rest of us are.

I retired early 5 years ago I'm having the time of my life. Of course unlike a lot of people that retire I have many hobbies they keep me busy

Retirement is expensive Thats all i do is spend money. Building racing cars cost a lot of money.

I just retired, and it is difficult now. When you have your love of your life ill or not active, it holds me back. Call me selfish, but I have been very independent, and now I can't go. I am hanging in there. I have to schedule to go away. What. Maddening

I can relate to your timing for retirement. I’m 62 today with a bad hip problem related to my job, so timing is important. I will get a nice bonus in January, plus 6 weeks vacation, and a pay raise on April 1 which I’ll use for them to buyout my sick time & vacation. Hopefully I’ll have a hip replacement and go on disability. My biggest problem is adult children still needing help in this economy, but I’ll be cutting them off in retirement. The number one killer of retired people’s savings, is children needing money, so let’s not make that mistake. I couldn’t care less about a company that doesn’t care about their employees. I plan on traveling for the first few years while health is at its peak. I’ve had two coworkers passed in a year, both 58, and another coworkers father at 54, so asap.

We can’t wait to fill our time with all the hobbies we have!

Things are great the first few years, but then when you start to lose all of your friends and family, and the body starts to give out, the cold hard reality of it all sinks in. So by all means, squeeze every bit of joy out of those precious early years!

I have so many things I want to do when I retire and I have another list of projects that I NEED to get done. I'm going to put a new floor on my back porch, completely clean out my basement etc. Anyway, one thing I think I might need to do is make myself some sort of schedule so I can keep my 10,000+ daily step average going. I find that on off days, even if I go on a hike or mow the yard with a push mower, I get less than 10,000 steps. So I'll need to figure in some time for walking every day to stay healthy. So, I don't think I'll be bored, hopefully. I'll tell ya in 4 or 5 years. :)

You got this ! Your wife sounds like a wise woman, don't jump into anything for the first year. Things will become more evident after the honeymoon phase of retirement is over. Tell this info to everyone, especially the young, about saving and investing early ! We started a little later in life but have been able to catch up. Going out soon at 58. I have done similar. My manager and team knows I am a short timer. They have known for over a year that I am retiring early. I have trained my replacements and all is good when I leave. They also don't want to push me out but also know I am leaving so they have indicated that as a new round of re-org comes through, we may have head count reductions on our team and if so I asked them to put my name at the top of the list. I would get a year severance and insurance, so would be a sweet deal to ride off into the sunset on.

You'll be able to do all the things you can't do now. Don't worry, trust me. 😂. Thanks Ron for the video

You're not going to be one of those people that get bored in retirement, you are going to find so many projects that need to be done you're going to wonder how you even had time to go to work. We spent some time getting things set up in our house so we could age in it longer...ramps set up over short stairways, hand holds in the bath and shower area, we bought an adjustable bed, and we just had the water lines updated under the house so that wouldn't be a problem. You're going to find all sorts of things to do. We also set up a little routine where some chores are split, he cooks the breakfasts and I cook the dinners so in case one of gets sick we both are familiar with the kitchen and can keep one another fed. And another thing we do is to go do our own projects during the day, if we need help with something we will work together on it but it's nice to have our own space for a few hours each day. One thing my mom needs at her advanced age is just a ride now and then, she can do things in her own home but driving to appointments or to get grocery bags into the house is a challenge...volunteering to drive another person occasionally could be a nice thing to do to stay active.

Great information. I’m looking forward to the future talks about your journey!

Ron, I was forced into retirement during Covid. I was worried about finances. But as it turns out there was nothing to worry about. We had done a good job saving in our retirement accounts. I had a small pension that helped. I’ve found the key in retirement is expenses. Keep control of your expenses and retirement will be much easier. We were debt free so that was a real blessing.

Don't worry about boredom, you will soon wonder how you ever found time to go to work. I found a great online site called "Get Set Up" that has free classes for seniors, and it has helped me to navigate some of the things that pop up when you hit your senior years. I am currently gathering info for an "important information" packet in case of an emergency that was talked about in one of the classes. They also have fun stuff like photography, cooking and travel classes. Looking forward to following your journey into retirement...it's great to be able to do it while you're still mobile and can enjoy life.

Good information. Thanks Ron

Thank you Ron, a needed subject to discuss.

I liked your new channel.

So many ways I can relate. I’m very grateful that at 91, my mom is still able to do so much for herself. But the days of that may be drawing to a close.