This is exactly why we watch you and other retirees. All these financial planners that aren’t living it are missing the reality of it. Appreciate what you do! We are like you said knocking out the big stuff and going to over safe just in case, then live it!
Exactly how we did it. The big stuff really is the majority of retirement and it helps when and if the unknowns happen. Figuring for our expenses we rounded up to the nearest thousand and added 10% for mistakes.$2700 went to $3k and 10% made it $3300. Gives us a buffer for the what if's of life. Wanted $4k/mnth bring home ended up with around $3900/mnth so we still have a buffer there. Better to error on the safe side. Protects you while your building and learning your new life and gives you room to adjust if need be. When you retire it really becomes all about learning, adjusting and figuring things out. My thoughts anyway. Take care. Steve
Life in retirement was a total mystery before I retired. Since I've retired I've learned it's nowhere near as bad as all the horror stories I heard. You learn, adjust and figure things out just like you always have. You probably will be just fine and love it. Take care and enjoy it. Steve
Got a text from both kids, much like other aspects of my life, it was a simple act on their part but made my day. It’s took me 55 years to learn it’s the little things that bring us joy. Thanks for sharing your perspective on retirement and life from one common man to another.
I've thought the same way a lot lately. Just a shame we don't realize it till we're older. One thing about retirement is it gives you time to reminisce about all the simple things that brought us joy over the years. The big things tend to be easy but they were few and far between. The little small moments are plentiful. Take care. Steve
I know I probably missed a few things in my planning, but I am OK with it. In 10 more days I can start looking out for the unknown or unplanned, then I will chuckle when I figure em out. No sweat. Every day feels like Father's Day to me.
I know we made a few small mistakes but they haven't made a difference to our life in retirement. The unknowns/unplanned we'll just have to figure out if and when they happen. It's really not more complicated than that. Great comment. Thanks. Steve
Exactly! It's not important for me being a dad but it was important for me to recognize my dad. It means so much more to the person doing than the one receiving. Thanks and take care. Steve
An 8 minute video summed up in one sentence. Just perfectly put. Did the best we could and we'll deal with whatever comes up the best we can if and when it happens. Take care. Steve
Happy Father's day, Steve! Knocking out the big things is great advice! It's been really helpful watching your channel, and hopefully we won't have any big screw-ups when we head into retirement! 😀
Make like a doctor and "Do no Harm" early on and it helps down the road. I believe it helps starting retirement and getting comfortable with our new life. Also gives us time to learn and figure things out for when things do go squirrely. Just thinking. Take care. Steve
That's something I think a lot of people don't really understand about retirement. Really not much different than the rest of life. You can try to have a perfect retirement plan but once you retire it's all about learning, adjusting and figuring out what life throws at us. Thanks. Steve
Sure is going to be a little warm this week. I prefer it over the cold anyway. Take precautions and stay hydrated. Actually we did pay for dinner. The kids came by earlier in the day and once they left we decided to just get some Mexican for the both of us. Nice day topped off with a quite, peaceful dinner. Good times. Take care. Steve
Great words of wisdom Steve have lived frugal my whole life iam buying some precious metals now just for a insurance when I retire Great video enjoy life friend
My misses were not including enough contingency for unexpected expenses. I thought I had all bases covered but my initial budget was too low. Over the past year I've had to increase a number of buckets. All good though as I find ways to supplement income.
@@OurRetireEarlyJourney My challenges were around car repair and medical expenses. We also found that home maintenance costs caught us off guard as we had a schedule defined based on expected renovations that caught us by surprise.
That's the thing about the unknowns/unexpecteds of retirement. You just can't ever be sure about them till they happen. Then it's too late. There is just no way "Regular Steve's"can plan or prepare for all the possibilities that can happen in retirement. About all I could do is take care of the major parts and do the best I can if and when an unexpected pops up. Just didn't have enough money to cover everything. By doing that it helps with the unexpecteds. Just like my little medical thing that happened. No way I could have ever known it would happen. By taking care of the major health insurance part it helped when it did happen. Sounds like you figured it out and handling it. Shows how good your retirement planning was. Doing the best you can to prepare and figuring the rest out. Good for you. Take care. Steve
Happy Belated Father's Day. My retirement date at the end of the month is getting close. I'm getting nervous but I've done everything on my end I can do. We have no debt (knock on wood), the house is paid off, and I'm planning on taking it one day at a time. We've always lived frugally during our working years, so I don't see that changing too much in retirement. Take care.
Exactly the way we did things. Controlled what we could the best we could, had a handle on our expenses and debt, the rest we'll just have to figure out when and if it happens. Retirement really ain't much more than that. Take care and all the best. Steve
Actually it's 90% mental and the other half is financial.😁 Stole that from Yogi Berra. You're right though. If you've got the financial under control the rest will come to you with a little trial and error. Has us anyway. Take care. Steve
The wife is also. Got a couple more and some Squash that should be ready this weekend. We're going to be eating like kings for the next couple months. Hope you had a good father's day also. Take care. Steve
It's not as complicated as it seems. The unknowns is what concerns a lot pf people. The thing is we couldn't have planned or prepared for them. Just didn't have the money. Knock out the big stuff and we'll just have to figure out the rest if and when they happen. The big stuff really covers most of retirement and helps with the unknowns. Thanks. Steve
Nope Steve, all you have to do is keep doing what you've been doing!!! Keep expenses low and no debt makes it a lot easier!! Love the vid bro!!! Take care... JT
Exactly! The 6 P rule of retirement. Do no Harm early on in retirement, adjust as needed and things should work out just fine. It gives us time to learn and figure the rest out. Thanks. Steve
My little lady across town did exactly that. Makes her retirement so much better. It can be something to consider and could make a huge difference. Thanks. Steve
Cool! It's no different when you retired. Helped my neighbor unload a trailer of sweet potatoes last fall. Just messing around and enjoying things is all. Take care. Steve
Just because of our birthdays. I'll be 67 on Jan. 22 2033 Connie on the 11 of Sept. the same year. I figured come my birthday we will have already gotten our money for the year so why not wait and file together. Start the new year off with both of us on SS. Just saves the hassle of doing it twice in a nine month span. We have the means to wait a few months plus we'll get a few more dollars per month. Just for the convenience. Never checked the numbers till just now. It actually does make a difference of positive 3%. Doesn't really matter I'm in the mid 90's or more either way. Thanks. Steve
I’ve got little over 5 yrs till SS. Till then I’ve essentially got zero income. But I only have to make it to 67. After that assuming I stay out of debt there can be no way to fail. Once you have a source or sources of income you can’t be fired from, ie SS or pension or both, there is just no way to fail. And in our case SS will be more than we’ve ever had to live on our whole lives. It will be party time then.
That's great to hear. Sounds like Y'all will have a wonderful time in retirement. I plan on being near you later this summer or early fall if I get the chance I'll stop by your produce stand. Take care. Steve
Just what we did. Replaced my paycheck with distributions from 401k early in retirement. Once we start SS it will be replaced with SS and a small pension with no COLA. Simple and easy. Take care. Steve
I have no idea but I wouldn't want to try it. Check out "Buzz's Retirement Garage" he is doing exactly that and making out fine. It might be doable but your options are going to be very limited. With no room for errors. Could be a rough way to be retired. He does a monthly rundown of expenses and his SS. Best of luck and take care. Steve
My two cents. obviously you need savings. and going into retirement O debt gives you options on how you spend your money. you don't really need a {expert}. your expenditures {life style} vs savings is the only thing you can control. just saying. enjoy your channel thanks for your time.
True. You don''t really need an expert to retire. People have been retiring for decades without one. Same as having babies on their own. Their knowledge and experience can be helpful though. For me it was a big help in my ability to retire. Just made it so much easier. Expenses play a major roll also. Great comment. Thanks and take care. Steve
This is exactly why we watch you and other retirees. All these financial planners that aren’t living it are missing the reality of it. Appreciate what you do! We are like you said knocking out the big stuff and going to over safe just in case, then live it!
Exactly how we did it. The big stuff really is the majority of retirement and it helps when and if the unknowns happen. Figuring for our expenses we rounded up to the nearest thousand and added 10% for mistakes.$2700 went to $3k and 10% made it $3300. Gives us a buffer for the what if's of life. Wanted $4k/mnth bring home ended up with around $3900/mnth so we still have a buffer there. Better to error on the safe side. Protects you while your building and learning your new life and gives you room to adjust if need be. When you retire it really becomes all about learning, adjusting and figuring things out. My thoughts anyway. Take care. Steve
Thank you Steve for keeping me grounded when I get a little nervous about this retirement thing. After I listen to you I know I'm gonna be alright.
Life in retirement was a total mystery before I retired. Since I've retired I've learned it's nowhere near as bad as all the horror stories I heard. You learn, adjust and figure things out just like you always have. You probably will be just fine and love it. Take care and enjoy it. Steve
Got a text from both kids, much like other aspects of my life, it was a simple act on their part but made my day. It’s took me 55 years to learn it’s the little things that bring us joy. Thanks for sharing your perspective on retirement and life from one common man to another.
I've thought the same way a lot lately. Just a shame we don't realize it till we're older. One thing about retirement is it gives you time to reminisce about all the simple things that brought us joy over the years. The big things tend to be easy but they were few and far between. The little small moments are plentiful. Take care. Steve
I know I probably missed a few things in my planning, but I am OK with it. In 10 more days I can start looking out for the unknown or unplanned, then I will chuckle when I figure em out. No sweat. Every day feels like Father's Day to me.
I know we made a few small mistakes but they haven't made a difference to our life in retirement. The unknowns/unplanned we'll just have to figure out if and when they happen. It's really not more complicated than that. Great comment. Thanks. Steve
Keep on loving the freedom, Doc. Thanks for the chat & enjoy a cold glass of tea. 🥃
Will do boss. Thanks for watching. Steve
Happy Every Day - the only one we have...thanks for the video
Good perspective!
Exactly! It's not important for me being a dad but it was important for me to recognize my dad. It means so much more to the person doing than the one receiving. Thanks and take care. Steve
You can control what you can, the rest let the chips fall where they may. Appreciate the insights.
An 8 minute video summed up in one sentence. Just perfectly put. Did the best we could and we'll deal with whatever comes up the best we can if and when it happens. Take care. Steve
Happy Father's day, Steve! Knocking out the big things is great advice! It's been really helpful watching your channel, and hopefully we won't have any big screw-ups when we head into retirement! 😀
Make like a doctor and "Do no Harm" early on and it helps down the road. I believe it helps starting retirement and getting comfortable with our new life. Also gives us time to learn and figure things out for when things do go squirrely. Just thinking. Take care. Steve
Since retirement is a whole new thing for all of us you can only plan for so much and some is learn as you go.
That's something I think a lot of people don't really understand about retirement. Really not much different than the rest of life. You can try to have a perfect retirement plan but once you retire it's all about learning, adjusting and figuring out what life throws at us. Thanks. Steve
Happy Father’s Day Steve! God bless you and your family. I hope you did not pay for dinner last night! It’s going to be toasty in Virginia this week!
Sure is going to be a little warm this week. I prefer it over the cold anyway. Take precautions and stay hydrated. Actually we did pay for dinner. The kids came by earlier in the day and once they left we decided to just get some Mexican for the both of us. Nice day topped off with a quite, peaceful dinner. Good times. Take care. Steve
Great words of wisdom Steve have lived frugal my whole life iam buying some precious metals now just for a insurance when I retire Great video enjoy life friend
Great way to do things. You should have a wonderful retirement. Take care and enjoy. Steve
My misses were not including enough contingency for unexpected expenses. I thought I had all bases covered but my initial budget was too low. Over the past year I've had to increase a number of buckets. All good though as I find ways to supplement income.
What areas did you find too low in your budget? Curious as we are planning for retirement. Thanks!
@@OurRetireEarlyJourney My challenges were around car repair and medical expenses. We also found that home maintenance costs caught us off guard as we had a schedule defined based on expected renovations that caught us by surprise.
@@44lgarden Appreciate you sharing, thank you!
That's the thing about the unknowns/unexpecteds of retirement. You just can't ever be sure about them till they happen. Then it's too late. There is just no way "Regular Steve's"can plan or prepare for all the possibilities that can happen in retirement. About all I could do is take care of the major parts and do the best I can if and when an unexpected pops up. Just didn't have enough money to cover everything. By doing that it helps with the unexpecteds. Just like my little medical thing that happened. No way I could have ever known it would happen. By taking care of the major health insurance part it helped when it did happen. Sounds like you figured it out and handling it. Shows how good your retirement planning was. Doing the best you can to prepare and figuring the rest out. Good for you. Take care. Steve
Happy Belated Father's Day. My retirement date at the end of the month is getting close. I'm getting nervous but I've done everything on my end I can do. We have no debt (knock on wood), the house is paid off, and I'm planning on taking it one day at a time. We've always lived frugally during our working years, so I don't see that changing too much in retirement. Take care.
Exactly the way we did things. Controlled what we could the best we could, had a handle on our expenses and debt, the rest we'll just have to figure out when and if it happens. Retirement really ain't much more than that. Take care and all the best. Steve
It is all about the money, really that is it. The rest is simple stuff.
Actually it's 90% mental and the other half is financial.😁 Stole that from Yogi Berra. You're right though. If you've got the financial under control the rest will come to you with a little trial and error. Has us anyway. Take care. Steve
I'm glad you got that cucumber! Happy father's day to you sir!
The wife is also. Got a couple more and some Squash that should be ready this weekend. We're going to be eating like kings for the next couple months. Hope you had a good father's day also. Take care. Steve
Happy Monday Steve
Thanks John. Take care. Steve
I appreciate the topic! Thanks Steve. Happy Father’s Day,
Dennis
Thanks. I hope yours was as well. Take care. Steve
Be big on the big things 👍🏻
Perfect. Simple and easy. I like your style. Take care and thanks. Steve
having a budget and as you said, make sure your insurance is covered and you are well on the way to a comfortable retirement.
It's not as complicated as it seems. The unknowns is what concerns a lot pf people. The thing is we couldn't have planned or prepared for them. Just didn't have the money. Knock out the big stuff and we'll just have to figure out the rest if and when they happen. The big stuff really covers most of retirement and helps with the unknowns. Thanks. Steve
Nope Steve, all you have to do is keep doing what you've been doing!!! Keep expenses low and no debt makes it a lot easier!! Love the vid bro!!! Take care... JT
It sure does and I'll tell anybody that asks. Makes up for so much and helps with the unknowns if and when they happen. Take care and thanks. Steve
Proper prior planning prevents poor performance. Well done, Steve!
Exactly! The 6 P rule of retirement. Do no Harm early on in retirement, adjust as needed and things should work out just fine. It gives us time to learn and figure the rest out. Thanks. Steve
@@retirementcorner Hippocratic oath applied to retirement planning.😀
One thing we really didn't consider was downsizing to a smaller house and yard. Something easier to take care of.
My little lady across town did exactly that. Makes her retirement so much better. It can be something to consider and could make a huge difference. Thanks. Steve
Not retired, I helped my friend install an AC water pump in his boat yesterday
Cool! It's no different when you retired. Helped my neighbor unload a trailer of sweet potatoes last fall. Just messing around and enjoying things is all. Take care. Steve
Just curious, why did you move your ss to 68 from 67? Did you run your numbers on some software plan?
Just because of our birthdays. I'll be 67 on Jan. 22 2033 Connie on the 11 of Sept. the same year. I figured come my birthday we will have already gotten our money for the year so why not wait and file together. Start the new year off with both of us on SS. Just saves the hassle of doing it twice in a nine month span. We have the means to wait a few months plus we'll get a few more dollars per month. Just for the convenience. Never checked the numbers till just now. It actually does make a difference of positive 3%. Doesn't really matter I'm in the mid 90's or more either way. Thanks. Steve
I’ve got little over 5 yrs till SS. Till then I’ve essentially got zero income. But I only have to make it to 67. After that assuming I stay out of debt there can be no way to fail. Once you have a source or sources of income you can’t be fired from, ie SS or pension or both, there is just no way to fail. And in our case SS will be more than we’ve ever had to live on our whole lives. It will be party time then.
That's great to hear. Sounds like Y'all will have a wonderful time in retirement. I plan on being near you later this summer or early fall if I get the chance I'll stop by your produce stand. Take care. Steve
@@retirementcorner welcome anytime
New week, new opportunities 🎉
Pretty much how we're doing things. Kind of going whichever way the wind blows. Enjoying every minute of it. Take care. Steve
My retirement plan is to replace current income with additional streams of income.
Just what we did. Replaced my paycheck with distributions from 401k early in retirement. Once we start SS it will be replaced with SS and a small pension with no COLA. Simple and easy. Take care. Steve
@@retirementcorner your channel gave me the courage to start mine. Mine is based on yours. Simple and straightforward. I just have to learn to relax 😀
🤘
Thanks. Steve
Is it smart to retire at 62 if all you have to live on is ss ? I have no big bills
I have no idea but I wouldn't want to try it. Check out "Buzz's Retirement Garage" he is doing exactly that and making out fine. It might be doable but your options are going to be very limited. With no room for errors. Could be a rough way to be retired. He does a monthly rundown of expenses and his SS. Best of luck and take care. Steve
My two cents. obviously you need savings. and going into retirement O debt gives you options on how you spend your money. you don't really need a {expert}. your expenditures {life style} vs savings is the only thing you can control. just saying. enjoy your channel thanks for your time.
True. You don''t really need an expert to retire. People have been retiring for decades without one. Same as having babies on their own. Their knowledge and experience can be helpful though. For me it was a big help in my ability to retire. Just made it so much easier. Expenses play a major roll also. Great comment. Thanks and take care. Steve