I've been retired 16 yrs and still get stressed thinking about my years at work. It was terrible but I did it to provide for my family. You are right, easier looking at it objectively once you are out of the insanity. I envy those who love what they are doing and don't want to retire, but I think they are in the minority.
My position was eliminated after 31 years of service, thankfully I was 55 and eligible for early retirement that was 9 months ago and words can’t express how much I DONT miss work 🎉
Same here. Was largely stress free but still hardly ever think about work days. With lower taxes you probably won't have to touch your savings for a long time.
All great points. I retired at 57 from a job I enjoyed and have not regrets. It has been a decade and i haven't been bored yet. The greatest stressor of my job turned out to be the commute. I didn't realize how terrible it was until I no longer had to do it. Mine was only 45 minutes however northern winters can be challenging. Black ice, fog, whiteouts, other cars not adjusting for the road conditions, un plowed rural roads and deer leaping out of the darkness and into your path all take a toll on your nerves. Now if I look out and see a snow storm I can just stay in my warm cozy house and make another coffee.
Commuting was the best part of my day after I switched to doing it by e-bike. You learn all the tricks to stay safe if you have a decent route to travel.
Prior the retirement, all home repairs were paid with funds we have accumulated. Never did we tap a credit line. With all the repairs and improvements that we made to our home we wanted to enjoy our home for decades to come. We retired in 2021, debt free, and all big-ticket items i.e., new roof, completed prior to our retirement. This is the correct approach to take when contemplating retirement.
That might be true Scott but the repairs don’t last forever and the money set aside is money 💰 that could be enjoyed during your retirement. We also wanted to remove that unexpected maintenance and expenses, and increased property taxes and insurance as home prices go up we are very happy that we sold and are now renting . Have a great weekend Cheers 🍁🙂🍷☕️
That's what we have done. Mortgage is paid, 50 year roof installed, furnace replaced etc. We have also set aside $ for home maintenance in our retirement budget. One of the things our financial planner discussed was planning for big ticket repairs/maintenance on our home prior to and during retirement.
We are happy for you , as we wanted to travel having someone visit our house every 24hours over Winter to keep the house insurance became a big problem so we sold and rented Cheers Grayce 🍁🙂☕️
@@ThisIsOurRetirement for sure! My furnace gave out after only 9 years (design flaw), and one day I found some of my new roof on the ground. And property taxes are more than my house payment was! 9.5 billion surplus in my state, and they are proposing a 1% sales tax increase to pay for road maintenance which we are still billed for yearly? insanity. Also, they taxed me for a stimulus check I never got! Though I could prove it, the IRS here didn't care. There are many issues state side that should be addressed for sure, healthcare being the most pressing. Many of my doctors are leaving because insurance companies don't pay them. And for who is left you must wait 6 months for an appointment. Wasn't that the reason they said nationalized healthcare wouldn't be good here? um...
This is great advice - I almost lost my beloved husband last year to a sudden brain hemorrhage- never sick a day before and had run 8 miles a few days before. Luckily, he recovered fully. We’ve reviewed our plan and moved up retirement by several years. Cheers!
You keep forgetting here in the good ol' USA health insurance is tied to employment and only marginally allayed at age 65. If you retire before 65 you need to buy your insurance which for most is cost prohibitive. You're fortunate to live in a first world country that provides health insurance to its citizens, allowing you to be truly free and retire at will.
We never forget about U.S. health insurance, it is a real problem to early and regular retirement. Saving money to buy health insurance or selling assets to cover it, or making yourself low income to get on Medicare are probably the only solutions to explore for early retirement.We have very little knowledge of U.S. healthcare other than knowing it’s expensive.
Hi Tina and Norm! I have been retired for 5 years now,because of health issues and I'm so thankful for not having to go to work every day. It's like winning a lottery! The only stress I have now is finding reliable companies to come to my home for maintenance work. No one wants to return your call. It is so frustrating. You always get a leave a message please! I agree totally, do not wait till you are 65 to retire! Your health is not the best later in life! Mind you, my dad just celebrated his 98th birthday. 💙
That must be a real pain that people don’t get back to you , a lot of parents ours included lived till their 90s but perhaps they didn’t eat as much processed food as our age group of baby boomers have been exposed to Cheers 🙂🍁🍻🍷
We've been married 48+ yrs & had our dillemas.. we saved shy of $100K and had a few stumbles & lost a house in a nice community, couldn't keep it on one income. Then moved out of state to work in the oil fields, that fell through & we used half our 401K, then decided to get a VA loan, 0 down, home, on the edge of retiring, so stuff happened, we recovered well, mortgage is reasonable, daughter has joined us & has a great job (RX) And she pays all the bills & takes care of everything, while planning & single handedly ( her choice) upgrading, paint. Etc. Wish things went smoother & I'm sure your advice will help many. We are pretty much debt free except mortgage... so iz good. Thx for helping... things are changing.
Hi, I retired at age 45. I’m 55 years old now, I have no debt whatsoever. During my working years, I made a point to save 30% of my annual income. Im enjoying my time, go to the gym, going out with friends and having fun. My parents drilled the importance of saving money and planning for a successful retirement. I’m so glad I listened.
Our annual travel insurance plan is from the Bank of Montreal called "BMO Total Travel and Medical Protection" a comprehensive policy with total coverage and we bought it from the Bank of Montreal Air Miles MasterCard
Are you buying a different package than what the card offers? I have the BMO MC and didn’t realize any of this - just spent over $1k last trip on an insurance plan with TUGO and would like to not do that again if there is a less expensive way. Thank you.
Yes it’s a plan you can buy through them if you have the CC , go on the BMO website or call them ours covers up to 31 days ( we are grandfathered in on the old plan ) it might have gone to 21 but that’s still good .You can then top up with TD for longer trips we are doing that this winter for Portugal 🇵🇹 it’s an amazing way to save money 💰 Good luck 🍁🙂☕️
You spoke of the commute how stressful that got to be at an older age, i was a truck driver in the u.s.a. and the last year from 59 to 60 was almost unbearable the stress was so bad. I never really thought i was in so much danger but the way others around me were driving i thought they were going to hit me and kill them selfs and i would be blamed so i had to quit the stress was so bad and i am so glad best decision i could have made, retired at 60, and i would have missed out and not even realized it had i kept working. Life has never been so good, my advise to all would be retire as soon as possible it's great. Love these videos and the views you share, in early retirement its good to learn from others with great experience and knowledge, thanks for sharing.
I can agree more than a 100% to you Norms and Tin! Early retirement is so liberating. We have enough to live a simple life , and enjoying short vacations and attending to the hobbies that we missed when we were working. Always a delight to see you both!
I retired at 67, so I could be debt-free at retirement. That was in 2009, and it took years to get rid of the PTSD from all of the conditions Tina mentioned. I still bless every day that I don't have to get up in time for a long commute, and the stress of being 'on' all day (I was in a public-facing job).
You guys give wonderful retirement and life advice….but more than that, you model how to be a loving couple. I really appreciate how you communicate with each other and as a team. The respect and regard that you have for each other jumps off the screen, especially in an age when men and women seemingly spend too much time in competition and conflict. Wishing you all the best.
Thank you so much Lee for a lovely comment we are very fortunate to have each other and very much enjoy each other’s company and love ❤️ doing Our You Tube Channel together Cheers 🍁🙂☕️❤️
I'm a Silver Lining type of person, so I saw that silver lining when as a early retiree, being diagnosed with cancer was made so much easier. No job worries. Never a stress making appointments or days for treatment on days off. No worries when my hair fell out! That was years ago and now it's really a time to live every day as it's the last one!!
Sorry to hear that you got Cancer Patty but glad that you are living life for today as we are due to past health issues we too have had have a nice weekend 🍁🙂
I retired at 56 because I could (Government DB pension) and I was sick of work and reckoned at the time that those (these) were the best years I had left and was not prepared to give them up to the ‘company’). As to health, one has to make an effort to exercise to push back the hands of time. Light weights are all it takes. I’m happy to be debt free but am feeling the pinch of this economy.
Excellent video. Having just retired I see and feel the huge difference of having less stress. I agree with both of you and thank you for your wonderful words of wisdom.
Norm - the line of yours that resonates is "Be stress free - get rid of that job". Having worked for 37 years and financially able to go, I'm trying - but struggling with "One more year" syndrome
I would have loved to retire earlier than 65 but wouldn’t have been able to afford health insurance. Three years later I still have work nightmares lol. I wake up and realize it was just a dream and go back to sleep.
I am free of debt, the house is paid off, but I am afraid to sell the house. One son lives with me, and my daughter is not doing well. One son is in long term care. I am scared to sell, because I feel like my house is our security.
Great 👍 advice. I like the look of your place. Moving up in life, eh? My hypertension at work almost killed me! I am healing now. Amen 🙏 Early retirement at 57 with no debts is a blessing thus far.
Thank you for your honesty about your debts. It's refreshing to hear as so many people boast about how very successful they are financially, when it's not true.
I retired at 62 debt free. Best advice I ever got was to have your house paid in full before you do. I had a stressful job and have never regretted retirement. I am very fortunate.
retire as soon as possible , yes, cut expenses ( the kids have a negative view of homelessness), so right about the immense stress ( retiring felt like a big weight off) just to wake up without an alarm my god is so nice , my tenant pays my house expenses, but having a tenant has it risks, luckily i found a great tenant GREAT ADVICE THANKS AGAIN
Almost through my second year of retirement. Just back from a trip to London and Naples. We are loving the freedom and cannot argue with your advice of "its never too early to retire".
Perhaps someone has already commented on this but Tina should get the british state pension at age 66. It changes to 67 from April 2026. Great channel. Thanks!
Shouldn't stress on this one. If you were born before 1st April 1960 you will get it unless the fact that you haven't lived in the UK for a number of years complicates the issue, but I can't see that it will. Good luck!@@ThisIsOurRetirement
Just turned 60 and recently finished cancer treatment (all good!), debt free, healthy retirement account, just finding it hard to quit a good paying job even though intellectually I know it's best for my health (reduce stress) and there is enough money for retirement. Its the emotional letting go of a great job I've had for 32 years and the people I've worked with for decades.
Hi Tina, Norm and all 😊. What I'm seeing, as I age, is that people who bought a small home that was well under what the banks said they could get a mortgage for, stayed in their home, and lived their lives seem to be able to stay in their homes after they retire. Their money is less in retirement but they still can manage their budget. People can make it work with building rooms in the basement. Buy well under what your bank says you can afford; then you'll have money for operating costs. An acreage means buying a tractor for a small acreage, and higher house taxes (which municipalities will always raise), and many other things. When immigrants come to Canada, they often get talked into buying big homes (mortgages) and expensive vehicles (loans). I've seen it. Adult children will thank you if they can inherit a home. Don't believe it if people say their kids don't care. They do.
Thanks for sharing Rusty the adult children will also be glad if the money 💰 is in the back and they don’t have to spend months decluttering if their parents had sold earlier. Cheers 🙂🍁
@@ThisIsOurRetirement Hi again 🤗. I always appreciate your respectful responses, it allows people to voice their opinions and expand the conversation. A few thousand dollars invested in a decluttering clean is a good investment if the adult children inherit $500,000 - $1,000,000 plus. Also, parents can declutter as time goes by, as you two have rightly pointed out in earlier videos. Adult children will appreciate the inheritance. They will often not do as well as their baby boomer parents did in life. They'll appreciate the hand up. Many people are struggling to fend off homelessness. Have a great weekend, and thanks for your videos!
Good Points Sir. We have kept what was called a starter home. It is currently valued in Calgary at about the average market value for housing in Calgary. We were able to save more for retirement for which I am grateful. we see many people that chased the "lets get a larger home" idea. many my age still have a considerable mortgage and not much saved for retirement. they are scared because the last thing they want to do is sell that 1M+ forever home, but have little income to retire on. very sad! The other one I have observed is people my age some how get roped into raising their grandchildren as if it is some kind of grand gesture to helping out their Kids. That one totally behooves me. You did that when you were young and in all likelihood did an amazing job, why in heavens name would you rinse and repeat. It isn't your job, it is your progeny's job to raise their children. you should at most be a mentor and or loyal counsel. They should respect and honor the commitment you made as parents to them when you were young. Unless for some reason your progeny's lives are a total train wreak, in jail or wacked out on drugs, it should be on them entirely. the last point is everyday there is so much to do and to experience. your agenda, when retired is entirely your own, when working it belongs to someone else. question to all is; how long do you want to dance to someone else tune? you and your partner (if you have one) can create your own dance. If you can retire do it. Best job there is, truly! Cheers and thanks again Tina and Norm for a great video. 😁
I was let go after 37 years with a company. I was told I could financially retire and it has been six months and honestly I’m a little freaked out. Earning money for so long and working towards retirement and suddenly not earning an income is a mental struggle. your video helps a bit. Thank you. Mentally I’m just not prepared for it yet. Everyone tells me I should be excited and thrilled to retire, but I’m not at that point. I was a workaholic and this is a big change.
We felt better after we did a net worth statement and budget, after the budget we multiplied what we thought would be our life expectancy and divided it by net worth. Also are you receiving government pensions if you are 60 or 65, it gets better when you get SS in USA or CPP and OAS in Canada. Good luck and hang in, it will get better.
@@ThisIsOurRetirement thanks did both the financials line up…just mentally hard to get to the spend side..and not save after so many years. Thinking part-time might be a good bridge for a year or two.
My Father told me years ago when I got out of school: "if you can't afford to pay cash for a new truck or tractor, then you don't need it"; and he said "stay out of debt". I have never financed a car or truck; and built my small house myself using cash when available. Wish I had your pension benefits, but my cows never paid me a pension. Expenses are so high that i opted out of my house insurance this week saving me $2,000. If it burns down, then it is time for a change. Have been debt free for years. Cheers.
The best thing about retirement is that I always have time to handle unexpected errands. If I had been working, I would need to somehow fit the errand into my schedule. Now I can rearrange my schedule to meet any unexpected issues. I also agree with on work related stress. I loved my job, but I love having the time to myself even more.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them.
So correct: Retire as early as possible! I was trying to count my significant trips since I quit my job over 6 years ago and I am not sure I can remember them all... somehow the many planes I boarded sometimes taking extra time in one place for a stop over to see the highlights and continuing on to the primary destination made it feel like two or three trips... For example, hanging out 3 days in San Francisco on the way home from Mexico or stopping off in Las Vegas before continuing on to Texas... Love that I retired early and having a great time!
So, I'm not near retirement, but i just love your channel. I took a break year after 15 years of work, and I loved it. I can't wait to be fully retired one day. My mother is days away from retirement and it's a bit scary because money management has been an issue. Your tips are helpful.
Remind low income people that there is a Rebate on their Hydro Bill . Ontario Energy Rebate . I get 40 a month off my hydro . You have to be actually paying the bill if you are renting . But if you own your home and are low income you can apply . It goes on income and how many people in the house .
Stress anxiety, and insomnia was a killer,,,, for me,,,i aganized over financial decisions after retirement,,,and fear,,, hopefully i am on a better footing going forward,, but it takes courage to make decisions
Hi Norm and Tina! Retirement Rocks! Just returned from our Paris to Swiss Alps vacation. Medical is only part of the equation with travel insurance. Lucky to have a great medical policy for life with no questions. Looking forward to planning the next trip. Not quite over the jet lag and a Pavlo concert tonight in Brampton. Live the dream! Cheers😊
I am two years older than my husband and I just retired at 62 and now am going back to work. Social security is a fraction of what I was making while working. We want to move to another state. So the cost of the move (about $15K), buying a new house and other expenses led me to realize we needed more money. So I found a job and am going back to work. I was "retired" for about 5 months! I really enjoyed it but was worried about money the whole time (because of the move). Now that I am going back to work, I can buy a new sweater etc or treat myself to something I dont really need. Its not what I want but feel it is something I HAVE to do.
I retired when I could get my full social security. I had a good salary for my area, fortunate to get a state pension. Have some savings, no debt other than normal living expenses. Im glad I worked until then, despite being in a very stressful job. I feel blessed
Loved the video! I enjoyed my job immensely and would probably have worked another year or two, but the Covid came and I was furloughed. After staying home for months they called me back and I realized how much I had missed for ME… so I said no. ..though I liked my job. (I was 73!) I’m now 3 years retired and feel better then I ever have. Iim so sorry I waited as long as I did..I always wondered how I would stay “busy”😂😂😂 ha! Now when people ask what I do to keep occupied, I say” I DONT! “-I do whatever I want🎉😍🥳 Nothing feels as good as retirement. Thank you for this uplifting message as a reminder to open your world up to living! Cheers you two… excited for the trip photos to come!!
hi Norm and Tina, I like Norm's golden words "after 30, 35 years you have done it all, you don't need to keep working, what are you trying to achieve?", this is absolutely very true. Thanks again, from Ricky.
@ThisIsOurRetirement I can certainly see the benefit of renting but the thought of having to move if the landlord wants to sell, Common in the UK at the moment, puts me off the idea. Different if you know a sale is not likely in the foreseeable future granted. Keep up the good work though Tina and Norm.
@ThisIsOurRetirement Ah right. That, I agree, makes much more sense and gives peace of mind. I might consider that myself if the same arrangement could be found. 👍
Video makers like this engaging brit canadian couple would do well to have a text summary of their video for those of us who don't have time to see the video all the way through
Im pretty sure i will never have the money to retire. So instead i take breaks from work when i have enough money, and or i work part time when possible not full time all the time. I rent a cheap simple place and i do not own a car and i wear cheap clothes. And i have zero debt. Some years its paycheck to paycheck, but some years i make savings.
I have been watching your videos for a couple of months now. I am being challenged with selling our home which our children love as we built it up (on acreage) since we started marriage and family. Very hard decision as we are all deep rooters. Your experience and advice is so helpful.
It is a difficult decision and not one to take lightly, we found with our children that they bought their own homes and wanted to start their family traditions, the “family home”, then became less important. Also there is a financial cost to keeping it. In the end only you can decide what is best for your family. Good luck and thanks for watching our videos.
Great advice Norm and Tina! I agree regarding the TD travel insurance top up. Have used that to top up my husband’s visa coverage and it was fast and reasonable.
The author Greg Clarke spent his later years living in the King Edward Hotel, in downtown Toronto during the 1970’s. Others have been doing this in the past, for many of the reasons that you mentioned.
I have a policy for myself and my husband and the policy is guaranteed for 4 years. Also, there are no more health questions until the 4 years are completed. I am 71 and my spouse is 64. We can go on vacations of up to 45 days an unlimited number of times per year. We love being retired and frankly wouldn't have it any other way. Thanks for educating many North Americans about the intrinsic and financial benefits of retiring as soon as possible. Done correctly , it can add years and sparkle to your lives.
Have a date of retirement in mind I had September 2023 (I had it on my diary as that was 40 years work) circumstances happened that I retired in October 2021 due to I’ll health and a pay off from my employer I totally agree since I retired people keep saying to me how well I look (I’m only 57) it’s nice to hear I do miss the “intellectual challenge “ of work but not that much !!!!!
Thanks for presenting a real time video for retirement of those of average means like me. After years of decreased energy and and inability to keep up with change, I have set the date with a loosely structured plan in place, with room for adapting it as time goes on. The relief is so great that I can only imagine the actual event! The only comment is how many folks like me can do contract work these days. Contracts can pay for extras like travel, hobbies and so forth. . And the number getting called back.. .
Excellent advice in my opinion. (I’m age 67 and retired.) Thoughtful and practical. And your presentation style is so pleasant and engaging. Thank-you!
Hello T&N thank you for the video as always very informative in easy to understand format, some of the advise I am sorry to say is a little late for me but I still enjoy the info as I have said in the past I kept my house because my mortgage is half the rent I was paying in NY and where I now live in Las Vagas there is no rent control,you could be paying 1000 a month when your lease is up your landlord can say the new lease will be 2000 and as of right now it's perfectly legal ,so for now there is no selling of house for me .The extra money I was paying in rent I will put that aside for the eventual repairs as for now I just finished a massive rehab due to the mess the tenants left.I wish I had retired earlier but I kept listening to the so call experts like Suzy Orman that said you need at least 1mill to retire not true I am doing just fine with a pension & social security .oh my how I did go on sorry for this long response,see you next week.
Don’t worry Barbara we all kept listening at some time from the experts glad we broke away from them as we like you are having a great retirement Cheers 🇺🇸🏡 🍁🙂🇨🇦
Hi Tina & Norm good to see you both and I’m pleased you are going back to Portugal again thanks for more great advice keep the good work up . Regards. Christopher Barker
You're a naughty boy Norm underestimating your line of credit. Tina is so honest and had to set the record straight. Glad you are out from under the obligation of owning a house and now rent a very reasonably priced apartment.
Good morning Tina and Norm on this blessed Sunday morning. Have you booked Portugal for this winter yet? I see United Airlines has a direct flight from New York to Faro.
Beginning May 24, 2024 United will be the first and only airline to directly connect the United States and Faro, Portugal, with its new service from New York/Newark. Bit late this year but for future reference.
🤯 I have to say,you guys have made me really think about travel insurance in a new light. I’m 52 and retired,but my wife is a bit younger and still loving her career. We do travel quite a bit nonetheless and we always have travel insurance,but it just never occurred to me to do a yearly insurance. Thanks so much for mentioning this! 👍👍👍 also, totally agree about retiring as soon as the numbers make sense. But I also agree with the person who is 70 and loves working. If you love what you do,why not keep doing it! But fir me,I love being retired!😂
A lot of work extended health plan already has travel insurance, my covers up to 60 days. Also premier credit card also has trip interruption and cancellation coverage along with Medical travel insurance. You just have to find out the detail.
We have been retired two years now and the stress level from working has went down. However, it seems like we create new stressors now like what to do and where to travel, etc. I think it may be human nature.
Thanks Tina & Norm these are great points. Our question is what are your plans for Long Term Care as you age and need more assistance. We are looking into self funding ours or maybe purchasing an insurance policy. We would like to hear your opinion. Thanks.
Tips, ideas and new insights are always handy to receive. Mull them over, compare and choose what fits your situation. I enjoyed my working life- of course there were some pressure moments- but that's life. Now we are retired we are still running out of hours in the day, but by choice as there is so much we can and want to do. Carpe Diem. Enjoy Portugal. 🍷😎🍷😎🇳🇱🙋♀🇳🇿
Some great points made One thing in the UK that people scoff at is packaged bank accounts ie those accounts you pay a subscription for. For example with the Nat West Bank Platinum account the monthly fee is £20. However the benefits are: 1.Worldwide travel insurance for 30 days per trip with a medical only required over age 70. Inc winter cover 2. European travel insurance 3. Mobile phone insurance for 2 phones 4. Car break down cover and recovery 5. Discounted cinema tickets 6. Tastecard that gives you for example, a third off meals or 2 for 1 at a selection of popular restaurants 7. No non Sterling transaction fees whrn travelling abroad For £240pa You more then get your money back on this if you use the benefits I'm not sure if you have these in the UD or Canada but worth exploring
Interesting program! I've not heard of something like this is the US -- but travel insurance is so critical in the UK and Canada. In the US my regular (private) medical insurance plan reimburses me for any medical costs I might incur while out of the US.
I refused to work for others from age 48. From then on self employed until 65. My wife worked in the UK as a nurse until age 67. We bought a condo in Malaysia for cash in 2004 as she is a Malaysian citizen. My dream was to "retire" to Malaysia on a spouse visa. Now both in our early 70's our dreams are dashed. Life has taken its toll on both of us particularly my wife. Serious illness prevents our dream from being realised. As you quite rightly say. Live for today not wait until tomorrow as tomorrow is the future and unless you are Nostradamus you have no way of knowing what it will bring.
yes, it really sucks when what you planned cannot be realized. I thought, since I am great at garden design, that I would retire and pick homes to help (mostly elderly) for free. In my head that would really be fun while not only helping the struggling homeowner, but also making the neighborhood better. But best laid plans get changed, so I find grace in just spending time in my yard and watching the wildlife enjoy what has now become wild. I'm okay with that...I think. And bonus, now I have to hire help with lawn and snow, but I have become friends with the couple I hired and I can share my knowledge and my plants with them to help others. I'm propagating stuff (bushes, flowers) for them for next year to share. They got a ton of irises and daylilies this year. And who knows? Maybe that's what God had in mind all along. I will go with that.
Great advice for people thinking of leaving the stress of the daily work force grind, we agree that if you can afford it leave as soon as possible specially if you’re reaching your 60’s . We both left in our late 50’s and don’t regret it one bit, my dad lived 1 month shy of 96 and used to say to me that life is all but 2 days and 1 has passed, we like you spend a lot of time in sunny Portugal 🇵🇹 ( 3months this year 7 last year) Cheers and all the best to you both 🥂
We bought the missing years in the nick of time by chance and it is the best investment we ever made. My wife, who has never lived in Britain, gets a half pension by virtue of being married to me and now we live in Switzerland a reciprocal agreement pays our health insurance which would otherwise be around $10,000 a year.
@@cherrybb3888 thank you for your kindness. I just had a massage yesterday and feel a bit better. I know it’s a temporary solution. The message cost is expensive in Australia.
In my mid-50s, I don't buy travel medical insurance when I travel outside Canada because I believe my TD Travel Infinite Credit Card covers it. I've never needed to claim it yet. However, I'm curious if there's something I don't know about this coverage. The TD Visa Infinite card automatically covers my travel outside Canada for up to 21 days, which is usually enough for my trips. I would appreciate your thoughts on this. Thanks
Some people just love to work, even if they could retire. That’s certainly a lifestyle choice - one that is very much a North American cultural trait. But I’m so glad I was able to retire early, even though I enjoyed my profession. As you have said, the fear of losing that daily routine frightens some. I’m glad I found other personal activities that replaced that “working everyday” style. Thanks again, Tina an Norm, for pointing out the possibilities that can be if you plan well and retire earlier. You’re helping others think about a life not driven by a time clock. ❤️❤️
Another shot of great advice guys - thanks!. So glad I checked into paying into UK pension early enough. Even tho' I left UK at 25 and only had a few years full time work - I had worked multiple part time jobs to put myself through college and it really paid off.
Thanks so much for the advice. I'm soon to retire & can relate to everything you've discussed. I didn't think of the travel policy. I will definitely look into that! Thanks for the tips & encouragement! Appreciate your genuine & helpful content. Best wishes.....Bob V
Tina and Norm, I am trying to find a video that you did on credit cards. I remember watching one from you a while hack. In particular am interested in travel insurance related to older cards vs newer cards , as an thinking of canceling an older card that had a lot of benefits
Isnt it nicer or easier to retire and more fun since you are a couple. Retiring alone with no one to do things with might not be as much fun as you two have together. Much scarier as an individual than a couple.
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I've been retired 16 yrs and still get stressed thinking about my years at work. It was terrible but I did it to provide for my family. You are right, easier looking at it objectively once you are out of the insanity. I envy those who love what they are doing and don't want to retire, but I think they are in the minority.
We agree David, being retired is great and now can do it for yourself.
My position was eliminated after 31 years of service, thankfully I was 55 and eligible for early retirement that was 9 months ago and words can’t express how much I DONT miss work 🎉
Same as us, once you cut the ties and look back at work, it wasn’t that great!!
Same here. Was largely stress free but still hardly ever think about work days. With lower taxes you probably won't have to touch your savings for a long time.
@@trainluvr same here
All great points. I retired at 57 from a job I enjoyed and have not regrets. It has been a decade and i haven't been bored yet. The greatest stressor of my job turned out to be the commute. I didn't realize how terrible it was until I no longer had to do it. Mine was only 45 minutes however northern winters can be challenging. Black ice, fog, whiteouts, other cars not adjusting for the road conditions, un plowed rural roads and deer leaping out of the darkness and into your path all take a toll on your nerves. Now if I look out and see a snow storm I can just stay in my warm cozy house and make another coffee.
We are exactly the same didn’t like the winter driving especially freezing rain. Like you Susan in bad weather we stay home!
Commuting was the best part of my day after I switched to doing it by e-bike. You learn all the tricks to stay safe if you have a decent route to travel.
Prior the retirement, all home repairs were paid with funds we have accumulated. Never did we tap a credit line. With all the repairs and improvements that we made to our home we wanted to enjoy our home for decades to come. We retired in 2021, debt free, and all big-ticket items i.e., new roof, completed prior to our retirement. This is the correct approach to take when contemplating retirement.
That might be true Scott but the repairs don’t last forever and the money set aside is money 💰 that could be enjoyed during your retirement. We also wanted to remove that unexpected maintenance and expenses, and increased property taxes and insurance as home prices go up we are very happy that we sold and are now renting . Have a great weekend Cheers 🍁🙂🍷☕️
That's what we have done. Mortgage is paid, 50 year roof installed, furnace replaced etc. We have also set aside $ for home maintenance in our retirement budget. One of the things our financial planner discussed was planning for big ticket repairs/maintenance on our home prior to and during retirement.
We are happy for you , as we wanted to travel having someone visit our house every 24hours over Winter to keep the house insurance became a big problem so we sold and rented Cheers Grayce 🍁🙂☕️
@@ThisIsOurRetirement for sure! My furnace gave out after only 9 years (design flaw), and one day I found some of my new roof on the ground. And property taxes are more than my house payment was! 9.5 billion surplus in my state, and they are proposing a 1% sales tax increase to pay for road maintenance which we are still billed for yearly? insanity. Also, they taxed me for a stimulus check I never got! Though I could prove it, the IRS here didn't care. There are many issues state side that should be addressed for sure, healthcare being the most pressing. Many of my doctors are leaving because insurance companies don't pay them. And for who is left you must wait 6 months for an appointment. Wasn't that the reason they said nationalized healthcare wouldn't be good here? um...
This is great advice - I almost lost my beloved husband last year to a sudden brain hemorrhage- never sick a day before and had run 8 miles a few days before. Luckily, he recovered fully. We’ve reviewed our plan and moved up retirement by several years. Cheers!
We are so glad your husband is fully recovered Brenda and we wish you both well with your retirement plans have a nice weekend 🍁🙂
You keep forgetting here in the good ol' USA health insurance is tied to employment and only marginally allayed at age 65. If you retire before 65 you need to buy your insurance which for most is cost prohibitive. You're fortunate to live in a first world country that provides health insurance to its citizens, allowing you to be truly free and retire at will.
We never forget about U.S. health insurance, it is a real problem to early and regular retirement. Saving money to buy health insurance or selling assets to cover it, or making yourself low income to get on Medicare are probably the only solutions to explore for early retirement.We have very little knowledge of U.S. healthcare other than knowing it’s expensive.
Hi Tina and Norm! I have been retired for 5 years now,because of health issues and I'm so thankful for not having to go to work every day. It's like winning a lottery! The only stress I have now is finding reliable companies to come to my home for maintenance work. No one wants to return your call. It is so frustrating. You always get a leave a message please!
I agree totally, do not wait till you are 65 to retire!
Your health is not the best later in life! Mind you, my dad just celebrated his 98th birthday. 💙
That must be a real pain that people don’t get back to you , a lot of parents ours included lived till their 90s but perhaps they didn’t eat as much processed food as our age group of baby boomers have been exposed to Cheers 🙂🍁🍻🍷
We've been married 48+ yrs & had our dillemas.. we saved shy of $100K and had a few stumbles & lost a house in a nice community, couldn't keep it on one income. Then moved out of state to work in the oil fields, that fell through & we used half our 401K, then decided to get a VA loan, 0 down, home, on the edge of retiring, so stuff happened, we recovered well, mortgage is reasonable, daughter has joined us & has a great job (RX) And she pays all the bills & takes care of everything, while planning & single handedly ( her choice) upgrading, paint. Etc. Wish things went smoother & I'm sure your advice will help many. We are pretty much debt free except mortgage... so iz good. Thx for helping... things are changing.
Hi,
I retired at age 45.
I’m 55 years old now, I have no debt whatsoever.
During my working years, I made a point to save 30% of my annual income.
Im enjoying my time, go to the gym, going out with friends and having fun.
My parents drilled the importance of saving money and planning for a successful retirement.
I’m so glad I listened.
That sounds like great advice they gave you glad you are enjoying your retirement Cheers 🍁🙂☕️
You seem to have a very chilled out and supportive wife. Lucky man.
Thanks
Our annual travel insurance plan is from the Bank of Montreal called "BMO Total Travel and Medical Protection" a comprehensive policy with total coverage and we bought it from the Bank of Montreal Air Miles MasterCard
Thank you both so much! As always, you’re providing us with such usual information. Kristina
Your very welcome Kristin Cheers 🍁🙂☕️
Are you buying a different package than what the card offers? I have the BMO MC and didn’t realize any of this - just spent over $1k last trip on an insurance plan with TUGO and would like to not do that again if there is a less expensive way. Thank you.
Yes it’s a plan you can buy through them if you have the CC , go on the BMO website or call them ours covers up to 31 days ( we are grandfathered in on the old plan ) it might have gone to 21 but that’s still good .You can then top up with TD for longer trips we are doing that this winter for Portugal 🇵🇹 it’s an amazing way to save money 💰 Good luck 🍁🙂☕️
Thank you for the information.
Does a person have to be a Canadian citizen to be able to buy this insurance?
You spoke of the commute how stressful that got to be at an older age, i was a truck driver in the u.s.a. and the last year from 59 to 60 was almost unbearable the stress was so bad. I never really thought i was in so much danger but the way others around me were driving i thought they were going to hit me and kill them selfs and i would be blamed so i had to quit the stress was so bad and i am so glad best decision i could have made, retired at 60, and i would have missed out and not even realized it had i kept working. Life has never been so good, my advise to all would be retire as soon as possible it's great. Love these videos and the views you share, in early retirement its good to learn from others with great experience and knowledge, thanks for sharing.
I can agree more than a 100% to you Norms and Tin! Early retirement is so liberating. We have enough to live a simple life , and enjoying short vacations and attending to the hobbies that we missed when we were working. Always a delight to see you both!
Thanks so much for watching glad you enjoyed it Cheers 🙂🍁☕️
I retired at 67, so I could be debt-free at retirement. That was in 2009, and it took years to get rid of the PTSD from all of the conditions Tina mentioned. I still bless every day that I don't have to get up in time for a long commute, and the stress of being 'on' all day (I was in a public-facing job).
Happy New Year Carole 🥳☕️🥂
You guys give wonderful retirement and life advice….but more than that, you model how to be a loving couple. I really appreciate how you communicate with each other and as a team. The respect and regard that you have for each other jumps off the screen, especially in an age when men and women seemingly spend too much time in competition and conflict. Wishing you all the best.
Thank you so much Lee for a lovely comment we are very fortunate to have each other and very much enjoy each other’s company and love ❤️ doing Our You Tube Channel together Cheers 🍁🙂☕️❤️
I'm a Silver Lining type of person, so I saw that silver lining when as a early retiree, being diagnosed with cancer was made so much easier. No job worries. Never a stress making appointments or days for treatment on days off. No worries when my hair fell out! That was years ago and now it's really a time to live every day as it's the last one!!
Sorry to hear that you got Cancer Patty but glad that you are living life for today as we are due to past health issues we too have had have a nice weekend 🍁🙂
Wishing you a speedy recovery. Your positive attitude will help. God Bless. ❤
I hope you are doing well and looking forward to a new chapter in your life post cancer.
Two weeks and I’m retired. Paying rent is a cost. Good advice again.
That’s wonderful congratulations 🥳 welcome to retirement Cheers 🥳🍁🙂
Couldn’t agree with you more Norm and Tina! Life is too short not to retire as soon as you can!
Yay!!
I retired at 56 because I could (Government DB pension) and I was sick of work and reckoned at the time that those (these) were the best years I had left and was not prepared to give them up to the ‘company’). As to health, one has to make an effort to exercise to push back the hands of time. Light weights are all it takes. I’m happy to be debt free but am feeling the pinch of this economy.
Glad it is working out for you, agree about the weights.
Thanks for sharing Murray have a wonderful weekend Cheers 🍻🍁🙂
Excellent video. Having just retired I see and feel the huge difference of having less stress. I agree with both of you and thank you for your wonderful words of wisdom.
Your are welcome Julie congratulations 🥳 on your retirement welcome to the club Cheers 🍁🙂☕️
Norm - the line of yours that resonates is "Be stress free - get rid of that job". Having worked for 37 years and financially able to go, I'm trying - but struggling with "One more year" syndrome
From our experience Rob as you say financially you are good “just do it “ we did and never looked back you can’t buy time back Cheers 🙂🍁☕️
I would have loved to retire earlier than 65 but wouldn’t have been able to afford health insurance. Three years later I still have work nightmares lol. I wake up and realize it was just a dream and go back to sleep.
We are glad the nightmares have stopped Michael and you enjoy being retired have a wonderful weekend Cheers 🍻🙂
I am free of debt, the house is paid off, but I am afraid to sell the house. One son lives with me, and my daughter is not doing well. One son is in long term care. I am scared to sell, because I feel like my house is our security.
Your decision is so much more difficult, we do sympathise with you.
Great 👍 advice. I like the look of your place. Moving up in life, eh? My hypertension at work almost killed me! I am healing now. Amen 🙏 Early retirement at 57 with no debts is a blessing thus far.
Thanks Johnny, it's the same apartment, just turned the chairs around 😂😂
Thank you for your honesty about your debts. It's refreshing to hear as so many people boast about how very successful they are financially, when it's not true.
Thank you Katherine.
I retired at 62 debt free. Best advice I ever got was to have your house paid in full before you do. I had a stressful job and have never regretted retirement. I am very fortunate.
We agree, good advice!
retire as soon as possible , yes, cut expenses ( the kids have a negative view of homelessness), so right about the immense stress ( retiring felt like a big weight off) just to wake up without an alarm my god is so nice , my tenant pays my house expenses, but having a tenant has it risks, luckily i found a great tenant GREAT ADVICE THANKS AGAIN
Thanks for watching have a wonderful weekend Cheers 🙂🍁☕️
I took my bedside clock away. I now wake up when my body tells me to.
That’s wonderful no ⏰
Almost through my second year of retirement. Just back from a trip to London and Naples. We are loving the freedom and cannot argue with your advice of "its never too early to retire".
That’s wonderful so glad you are enjoying your retirement Cheers 🍁🙂☕️
Perhaps someone has already commented on this but Tina should get the british state pension at age 66. It changes to 67 from April 2026. Great channel. Thanks!
She has already applied just waiting to hear back Dave fingers crossed 🇬🇧🇨🇦☕️
Shouldn't stress on this one. If you were born before 1st April 1960 you will get it unless the fact that you haven't lived in the UK for a number of years complicates the issue, but I can't see that it will. Good luck!@@ThisIsOurRetirement
I became Debt free at 36 years old , but i went without for a long time .
Than saved up and invested , for early retirement .
Sounds a great plan Jimmy we worked hard to retire early too Cheers 🍁🙂🍻
Just turned 60 and recently finished cancer treatment (all good!), debt free, healthy retirement account, just finding it hard to quit a good paying job even though intellectually I know it's best for my health (reduce stress) and there is enough money for retirement. Its the emotional letting go of a great job I've had for 32 years and the people I've worked with for decades.
Hi Tina, Norm and all 😊. What I'm seeing, as I age, is that people who bought a small home that was well under what the banks said they could get a mortgage for, stayed in their home, and lived their lives seem to be able to stay in their homes after they retire. Their money is less in retirement but they still can manage their budget. People can make it work with building rooms in the basement.
Buy well under what your bank says you can afford; then you'll have money for operating costs. An acreage means buying a tractor for a small acreage, and higher house taxes (which municipalities will always raise), and many other things.
When immigrants come to Canada, they often get talked into buying big homes (mortgages) and expensive vehicles (loans). I've seen it.
Adult children will thank you if they can inherit a home. Don't believe it if people say their kids don't care. They do.
Thanks for sharing Rusty the adult children will also be glad if the money 💰 is in the back and they don’t have to spend months decluttering if their parents had sold earlier. Cheers 🙂🍁
@@ThisIsOurRetirement Hi again 🤗. I always appreciate your respectful responses, it allows people to voice their opinions and expand the conversation.
A few thousand dollars invested in a decluttering clean is a good investment if the adult children inherit $500,000 - $1,000,000 plus. Also, parents can declutter as time goes by, as you two have rightly pointed out in earlier videos.
Adult children will appreciate the inheritance. They will often not do as well as their baby boomer parents did in life. They'll appreciate the hand up. Many people are struggling to fend off homelessness.
Have a great weekend, and thanks for your videos!
🤗
Good Points Sir. We have kept what was called a starter home. It is currently valued in Calgary at about the average market value for housing in Calgary. We were able to save more for retirement for which I am grateful. we see many people that chased the "lets get a larger home" idea. many my age still have a considerable mortgage and not much saved for retirement. they are scared because the last thing they want to do is sell that 1M+ forever home, but have little income to retire on. very sad!
The other one I have observed is people my age some how get roped into raising their grandchildren as if it is some kind of grand gesture to helping out their Kids. That one totally behooves me. You did that when you were young and in all likelihood did an amazing job, why in heavens name would you rinse and repeat. It isn't your job, it is your progeny's job to raise their children. you should at most be a mentor and or loyal counsel. They should respect and honor the commitment you made as parents to them when you were young. Unless for some reason your progeny's lives are a total train wreak, in jail or wacked out on drugs, it should be on them entirely.
the last point is everyday there is so much to do and to experience. your agenda, when retired is entirely your own, when working it belongs to someone else. question to all is; how long do you want to dance to someone else tune? you and your partner (if you have one) can create your own dance. If you can retire do it. Best job there is, truly! Cheers and thanks again Tina and Norm for a great video. 😁
@@gregmurphygolf Yes agreed! Have a great weekend Greg, Tina, Norm, and all!
I was let go after 37 years with a company. I was told I could financially retire and it has been six months and honestly I’m a little freaked out. Earning money for so long and working towards retirement and suddenly not earning an income is a mental struggle. your video helps a bit. Thank you. Mentally I’m just not prepared for it yet. Everyone tells me I should be excited and thrilled to retire, but I’m not at that point. I was a workaholic and this is a big change.
We felt better after we did a net worth statement and budget, after the budget we multiplied what we thought would be our life expectancy and divided it by net worth. Also are you receiving government pensions if you are 60 or 65, it gets better when you get SS in USA or CPP and OAS in Canada. Good luck and hang in, it will get better.
@@ThisIsOurRetirement thanks did both the financials line up…just mentally hard to get to the spend side..and not save after so many years. Thinking part-time might be a good bridge for a year or two.
My Father told me years ago when I got out of school: "if you can't afford to pay cash for a new truck or tractor, then you don't need it"; and he said "stay out of debt". I have never financed a car or truck; and built my small house myself using cash when available. Wish I had your pension benefits, but my cows never paid me a pension. Expenses are so high that i opted out of my house insurance this week saving me $2,000. If it burns down, then it is time for a change. Have been debt free for years. Cheers.
Being debt free is great we don’t have any private pensions just what the government gives us have a great weekend Cheers 🍁🙂
This is a good one. Thanks so much your sharing. Wife and I are doing the same with very careful on money spending.
Glad it was helpful! 🙂
This is what I called learning from other people's mistakes. Even though I have already made most of them.
I appreciate your sharing of your wisdom.
Thanks!
The stress of spending the Summer in Portugal.
The best thing about retirement is that I always have time to handle unexpected errands. If I had been working, I would need to somehow fit the errand into my schedule. Now I can rearrange my schedule to meet any unexpected issues. I also agree with on work related stress. I loved my job, but I love having the time to myself even more.
Isn’t being retired wonderful Bruce Cheers 🍁🙂☕️
Thank you for sharing : Like for you : Greetings from Poland
Thanks for visiting have a great weekend Cheers 🇵🇱 🍷🇨🇦☕️🙂
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them.
Thanks for watching have a great day Cheers 🙂🍁
So correct: Retire as early as possible! I was trying to count my significant trips since I quit my job over 6 years ago and I am not sure I can remember them all... somehow the many planes I boarded sometimes taking extra time in one place for a stop over to see the highlights and continuing on to the primary destination made it feel like two or three trips... For example, hanging out 3 days in San Francisco on the way home from Mexico or stopping off in Las Vegas before continuing on to Texas... Love that I retired early and having a great time!
It is wonderful Diana to have time on your side, you sound like you are having a great time, thanks for watching our video!
So, I'm not near retirement, but i just love your channel. I took a break year after 15 years of work, and I loved it. I can't wait to be fully retired one day. My mother is days away from retirement and it's a bit scary because money management has been an issue. Your tips are helpful.
Thank you so much for your kind words, we wish your Mother a long and happy retirement.
Remind low income people that there is a Rebate on their Hydro Bill . Ontario Energy Rebate . I get 40 a month off my hydro . You have to be actually paying the bill if you are renting . But if you own your home and are low income you can apply . It goes on income and how many people in the house .
Stress anxiety, and insomnia was a killer,,,, for me,,,i aganized over financial decisions after retirement,,,and fear,,, hopefully i am on a better footing going forward,, but it takes courage to make decisions
Thanks for your comment Maryjoan
I feel anything with responsibility brings a little bit of stress, not exclusively in our job/work.
Very true
Hi Norm and Tina! Retirement Rocks! Just returned from our Paris to Swiss Alps vacation. Medical is only part of the equation with travel insurance. Lucky to have a great medical policy for life with no questions. Looking forward to planning the next trip. Not quite over the jet lag and a Pavlo concert tonight in Brampton. Live the dream! Cheers😊
Great to hear from you Paul glad you had a good trip and agree retirement is awesome have a great weekend enjoy the concert Cheers 🙂🍁🍻
I am two years older than my husband and I just retired at 62 and now am going back to work. Social security is a fraction of what I was making while working. We want to move to another state. So the cost of the move (about $15K), buying a new house and other expenses led me to realize we needed more money. So I found a job and am going back to work. I was "retired" for about 5 months! I really enjoyed it but was worried about money the whole time (because of the move). Now that I am going back to work, I can buy a new sweater etc or treat myself to something I dont really need. Its not what I want but feel it is something I HAVE to do.
We wish you well for your move and hope retirement returns to you soon.
I retired when I could get my full social security. I had a good salary for my area, fortunate to get a state pension. Have some savings, no debt other than normal living expenses. Im glad I worked until then, despite being in a very stressful job. I feel blessed
Loved the video!
I enjoyed my job immensely and would probably have worked another year or two, but the Covid came and I was furloughed. After staying home for months they called me back and I realized how much I had missed for ME… so I said no. ..though I liked my job. (I was 73!) I’m now 3 years retired and feel better then I ever have. Iim so sorry I waited as long as I did..I always wondered how I would stay “busy”😂😂😂 ha! Now when people ask what I do to keep occupied, I say” I DONT! “-I do whatever I want🎉😍🥳
Nothing feels as good as retirement.
Thank you for this uplifting message as a reminder to open your world up to living!
Cheers you two… excited for the trip photos to come!!
Wow great story Barb thanks for sharing we are so glad you are now happily retired have a wonderful weekend Cheers 🍁🙂🍷
hi Norm and Tina, I like Norm's golden words "after 30, 35 years you have done it all, you don't need to keep working, what are you trying to achieve?", this is absolutely very true. Thanks again, from Ricky.
Thanks so much Ricky glad you enjoyed it have a wonderful weekend Cheers 🍁🙂
For me I had a great deal of stress for almost a year after retiring because my job required long hours every week. I needed a year to adjust
I have been struggling since retiring with my home repairs. Now at 70 my travel is limited by my handicap. 😢 thank you !
Me too. You are not alone 😢
We could see that happening to us so that was the motivation to rent for us. Thanks for watching 😀😀
@ThisIsOurRetirement I can certainly see the benefit of renting but the thought of having to move if the landlord wants to sell, Common in the UK at the moment, puts me off the idea.
Different if you know a sale is not likely in the foreseeable future granted.
Keep up the good work though Tina and Norm.
We rent from a very large corporation Richard that own over 90 buildings all they do is rent , we wouldn’t rent from a private landlord 🍁
@ThisIsOurRetirement Ah right. That, I agree, makes much more sense and gives peace of mind.
I might consider that myself if the same arrangement could be found. 👍
Video makers like this engaging brit canadian couple would do well to have a text summary of their video for those of us who don't have time to see the video all the way through
Buying extra years in the UK state pension scheme is the best money you could ever invest. Good advice.
Thanks
Im pretty sure i will never have the money to retire. So instead i take breaks from work when i have enough money, and or i work part time when possible not full time all the time. I rent a cheap simple place and i do not own a car and i wear cheap clothes. And i have zero debt. Some years its paycheck to paycheck, but some years i make savings.
Thanks for sharing have a wonderful weekend Cheers 🍁🙂☕️
Great advice and tips thanks Tina and Norm. I am 52 turning 53 next year. I am learning a lot from you both.
Our pleasure! have a great weekend Maryrose Cheers 🙂🍁☕️🍷
I have been watching your videos for a couple of months now. I am being challenged with selling our home which our children love as we built it up (on acreage) since we started marriage and family. Very hard decision as we are all deep rooters. Your experience and advice is so helpful.
It is a difficult decision and not one to take lightly, we found with our children that they bought their own homes and wanted to start their family traditions, the “family home”, then became less important. Also there is a financial cost to keeping it. In the end only you can decide what is best for your family. Good luck and thanks for watching our videos.
Great advice Norm and Tina! I agree regarding the TD travel insurance top up. Have used that to top up my husband’s visa coverage and it was fast and reasonable.
It is a great solution Debbie!
The author Greg Clarke spent his later years living in the King Edward Hotel, in downtown Toronto during the 1970’s. Others have been doing this in the past, for many of the reasons that you mentioned.
I have a policy for myself and my husband and the policy is guaranteed for 4 years. Also, there are no more health questions until the 4 years are completed. I am 71 and my spouse is 64. We can go on vacations of up to 45 days an unlimited number of times per year. We love being retired and frankly wouldn't have it any other way. Thanks for educating many North Americans about the intrinsic and financial benefits of retiring as soon as possible. Done correctly , it can add years and sparkle to your lives.
We agree Guy thanks for sharing we love being retired too Cheers 🇺🇸🇨🇦☕️🙂
Thank you for your insightful videos. We watch on our big screen which does not have a keyboard. Thus we seldom write comments. Keep it up.
Thanks so much!
Have a date of retirement in mind I had September 2023 (I had it on my diary as that was 40 years work) circumstances happened that I retired in October 2021 due to I’ll health and a pay off from my employer I totally agree since I retired people keep saying to me how well I look (I’m only 57) it’s nice to hear I do miss the “intellectual challenge “ of work but not that much !!!!!
We are pleased retirement is working out for you David.
Thanks for presenting a real time video for retirement of those of average means like me. After years of decreased energy and and inability to keep up with change, I have set the date with a loosely structured plan in place, with room for adapting it as time goes on. The relief is so great that I can only imagine the actual event!
The only comment is how many folks like me can do contract work these days. Contracts can pay for extras like travel, hobbies and so forth.
.
And the number getting called back.. .
We wish you well JoAnn and so glad you enjoyed our video have a great weekend Cheers 🍁🙂☕️
Excellent advice in my opinion. (I’m age 67 and retired.) Thoughtful and practical. And your presentation style is so pleasant and engaging. Thank-you!
You are so welcome! glad you enjoyed it Glenn have a wonderful weekend Cheers 🍁🙂🍻
Thank you very much for all your advices, I am 56 and I can't wait to retire
Your very welcome Helen have a great weekend Cheers 🍷🍁🙂
Hello T&N thank you for the video as always very informative in easy to understand format, some of the advise I am sorry to say is a little late for me but I still enjoy the info as I have said in the past I kept my house because my mortgage is half the rent I was paying in NY and where I now live in Las Vagas there is no rent control,you could be paying 1000 a month when your lease is up your landlord can say the new lease will be 2000 and as of right now it's perfectly legal ,so for now there is no selling of house for me .The extra money I was paying in rent I will put that aside for the eventual repairs as for now I just finished a massive rehab due to the mess the tenants left.I wish I had retired earlier but I kept listening to the so call experts like Suzy Orman that said you need at least 1mill to retire not true I am doing just fine with a pension & social security .oh my how I did go on sorry for this long response,see you next week.
Don’t worry Barbara we all kept listening at some time from the experts glad we broke away from them as we like you are having a great retirement Cheers 🇺🇸🏡 🍁🙂🇨🇦
Hi Tina & Norm good to see you both and I’m pleased you are going back to Portugal again thanks for more great advice keep the good work up .
Regards. Christopher Barker
Our pleasure! have a wonderful weekend Christopher Cheers 🇬🇧🍁🙂🍷🇨🇦🇵🇹
Laughing. I want to thank you for your honesty. Great information .
Love the shirt Norm but the Doors t-shirt is my favorite. Take care.
Awesome! Thank you Pamela have a wonderful weekend Cheers 🍁🙂🍷
You're a naughty boy Norm underestimating your line of credit. Tina is so honest and had to set the record straight. Glad you are out from under the obligation of owning a house and now rent a very reasonably priced apartment.
😂😂
👍👍✌️ Debt free is stress free
Very true 🙂🍁☕️
Good morning Tina and Norm on this blessed Sunday morning. Have you booked Portugal for this winter yet? I see United Airlines has a direct flight from New York to Faro.
Beginning May 24, 2024 United will be the first and only airline to directly connect the United States and Faro, Portugal, with its new service from New York/Newark. Bit late this year but for future reference.
That is awesome for our American viewers, thanks so much for sharing this. 🇺🇸🇵🇹
🤯 I have to say,you guys have made me really think about travel insurance in a new light. I’m 52 and retired,but my wife is a bit younger and still loving her career. We do travel quite a bit nonetheless and we always have travel insurance,but it just never occurred to me to do a yearly insurance. Thanks so much for mentioning this! 👍👍👍 also, totally agree about retiring as soon as the numbers make sense. But I also agree with the person who is 70 and loves working. If you love what you do,why not keep doing it! But fir me,I love being retired!😂
Hope the tip for travel insurance helps we have saved a lot of money 💰 over the years and we too love being retired Derek Cheers 🍻🙂🍁
A lot of work extended health plan already has travel insurance, my covers up to 60 days. Also premier credit card also has trip interruption and cancellation coverage along with Medical travel insurance. You just have to find out the detail.
Great pointers, thank you.
Our pleasure glad you enjoyed it have a wonderful weekend Cheers 🍷🍁🙂
Excellent video, thanks for sharing! I can’t wait for retirement!! Come on 3 years 🎉
We have been retired two years now and the stress level from working has went down. However, it seems like we create new stressors now like what to do and where to travel, etc. I think it may be human nature.
But the main thing is your not working and can do what ever you want have a wonderful weekend Cheers Bob 🍁🙂
Thanks Tina & Norm these are great points. Our question is what are your plans for Long Term Care as you age and need more assistance. We are looking into self funding ours or maybe purchasing an insurance policy. We would like to hear your opinion. Thanks.
Tips, ideas and new insights are always handy to receive. Mull them over, compare and choose what fits your situation. I enjoyed my working life- of course there were some pressure moments- but that's life. Now we are retired we are still running out of hours in the day, but by choice as there is so much we can and want to do. Carpe Diem. Enjoy Portugal. 🍷😎🍷😎🇳🇱🙋♀🇳🇿
Hello Anita! Yes we wonder how we every had time for work 😂😂 good to hear from you today. 🇨🇦🇳🇱🍷
Some great points made
One thing in the UK that people scoff at is packaged bank accounts ie those accounts you pay a subscription for. For example with the Nat West Bank Platinum account the monthly fee is £20. However the benefits are:
1.Worldwide travel insurance for 30 days per trip with a medical only required over age 70. Inc winter cover
2. European travel insurance
3. Mobile phone insurance for 2 phones
4. Car break down cover and recovery
5. Discounted cinema tickets
6. Tastecard that gives you for example, a third off meals or 2 for 1 at a selection of popular restaurants
7. No non Sterling transaction fees whrn travelling abroad
For £240pa You more then get your money back on this if you use the benefits
I'm not sure if you have these in the UD or Canada but worth exploring
Sounds like a good deal, thanks for sharing!
Interesting program! I've not heard of something like this is the US -- but travel insurance is so critical in the UK and Canada. In the US my regular (private) medical insurance plan reimburses me for any medical costs I might incur while out of the US.
I refused to work for others from age 48. From then on self employed until 65. My wife worked in the UK as a nurse until age 67. We bought a condo in Malaysia for cash in 2004 as she is a Malaysian citizen. My dream was to "retire" to Malaysia on a spouse visa. Now both in our early 70's our dreams are dashed. Life has taken its toll on both of us particularly my wife. Serious illness prevents our dream from being realised. As you quite rightly say. Live for today not wait until tomorrow as tomorrow is the future and unless you are Nostradamus you have no way of knowing what it will bring.
We are sorry your wife isn’t well Steven, it’s true we don’t know what the future holds.
yes, it really sucks when what you planned cannot be realized. I thought, since I am great at garden design, that I would retire and pick homes to help (mostly elderly) for free. In my head that would really be fun while not only helping the struggling homeowner, but also making the neighborhood better. But best laid plans get changed, so I find grace in just spending time in my yard and watching the wildlife enjoy what has now become wild. I'm okay with that...I think. And bonus, now I have to hire help with lawn and snow, but I have become friends with the couple I hired and I can share my knowledge and my plants with them to help others. I'm propagating stuff (bushes, flowers) for them for next year to share. They got a ton of irises and daylilies this year. And who knows? Maybe that's what God had in mind all along. I will go with that.
Great advice for people thinking of leaving the stress of the daily work force grind, we agree that if you can afford it leave as soon as possible specially if you’re reaching your 60’s . We both left in our late 50’s and don’t regret it one bit, my dad lived 1 month shy of 96 and used to say to me that life is all but 2 days and 1 has passed, we like you spend a lot of time in sunny Portugal 🇵🇹 ( 3months this year 7 last year)
Cheers and all the best to you both 🥂
Thanks so much for watching!
hi tina and norm we are both retired now and are going to the algarve 29th jan for a 54 day holiday we will look out for you.great vids thankyou Gary
Hi Gary, Enjoy your time in the Algarve! 🇵🇹
Always lovely to see you guys. As pleasant as a cup of tea with gran and gramps.
Thanks so much for your very sweet comment take care have a wonderful weekend Cheers 🍁🙂
Great advice Tina and Norm! Thank you. That is exactly what I intend to do, retire as soon as possible.
Wonderful!
We bought the missing years in the nick of time by chance and it is the best investment we ever made. My wife, who has never lived in Britain, gets a half pension by virtue of being married to me and now we live in Switzerland a reciprocal agreement pays our health insurance which would otherwise be around $10,000 a year.
Wow that’s great thanks for sharing Glen Cheers 🍷 🇨🇭 🙂🍁🇨🇦
Love your video ! What you said is So true. After I passed 52, my neck and shoulders pain is getting worse. I hope I can retire now!
So true, my neck and shoulders pain is from work stress!
Try seeing a physiotherapist who will show you some stretching exercises. I’ve had shoulder/neck strain too and stretching does wonders.
The massages are a temporary fix ! the solution is to remove the job if you can that relieves the stress Chrish have a wonderful weekend Cheers 🍁🙂☕️
@@cherrybb3888 thank you for your kindness. I just had a massage yesterday and feel a bit better. I know it’s a temporary solution. The message cost is expensive in Australia.
@@ThisIsOurRetirement yes thanks but I’m a bit worried about the living cost here in Australia. I don’t have any support network either
In my mid-50s, I don't buy travel medical insurance when I travel outside Canada because I believe my TD Travel Infinite Credit Card covers it. I've never needed to claim it yet. However, I'm curious if there's something I don't know about this coverage. The TD Visa Infinite card automatically covers my travel outside Canada for up to 21 days, which is usually enough for my trips. I would appreciate your thoughts on this. Thanks
Your insurance is only for up to age 64, 65 and older the coverage is for 4 days. Our insurance we bought covers up to age 74.
Some people just love to work, even if they could retire. That’s certainly a lifestyle choice - one that is very much a North American cultural trait. But I’m so glad I was able to retire early, even though I enjoyed my profession. As you have said, the fear of losing that daily routine frightens some. I’m glad I found other personal activities that replaced that “working everyday” style. Thanks again, Tina an Norm, for pointing out the possibilities that can be if you plan well and retire earlier. You’re helping others think about a life not driven by a time clock. ❤️❤️
Thanks so much for sharing Bruce not being driven by a clock ⏰ makes retirement so much fun have a wonderful weekend Cheers 🇺🇸🍁🙂🇨🇦
Another shot of great advice guys - thanks!. So glad I checked into paying into UK pension early enough. Even tho' I left UK at 25 and only had a few years full time work - I had worked multiple part time jobs to put myself through college and it really paid off.
We are so pleased for you Susan that it paid off have a wonderful weekend Cheers 🇬🇧🍷🇨🇦🍁
Excellent advice! Life can be too short!
So true! have a great weekend Carol Cheers 🍁🙂🍷
fun video and informational. I envy your retirement life. I got 7.5 years to go.
Thank you Christopher, you still have time to fine tune your savings and investments. Good luck.
Thanks so much for the advice. I'm soon to retire & can relate to everything you've discussed. I didn't think of the travel policy. I will definitely look into that! Thanks for the tips & encouragement! Appreciate your genuine & helpful content. Best wishes.....Bob V
Thanks so much Bob!
Tina and Norm, I am trying to find a video that you did on credit cards. I remember watching one from you a while hack. In particular am interested in travel insurance related to older cards vs newer cards , as an thinking of canceling an older card that had a lot of benefits
Hi we have a few but this one we talk about travel insurance as well hope it helps ua-cam.com/video/IZDT12oe47I/v-deo.html
Have a great week Cheers 🍁🙂
I totally agree with you ❤
Thanks so much have a wonderful weekend Cheers 🍁🙂🍷
As always, You are so RIGHT!
Thanks Debbie!
please we need more videos and advises like this .. thanks so much
That's very kind of you Mickey, we will try for more!
How people afford two homes in retirement is beyond my middle class purse. One house is enough!!!!
very true
Good info about the annual travel insurance. Going to check it out 😊
Great!
Good points!
Glad you think so!
Isnt it nicer or easier to retire and more fun since you are a couple. Retiring alone with no one to do things with might not be as much fun as you two have together. Much scarier as an individual than a couple.
We are sure that might be the case Karen , we are fortunate to have each have a nice weekend 🍁🙂