Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I plan to retire or reduce my work hours in five years, and I'm interested in how others allocate their income between savings, spending, and investments. I currently earn about $175K annually but haven't built up much in savings so far
There are numerous strategies to achieve high yields during a financial crisis, but it is crucial to undertake such trades with the guidance and supervision of a professional financial advisor to ensure informed decision-making and risk management
That's true. I've been assisted by a financial advisor for almost a year now. I started with less than $200K, and I'm just $19,000 short of half a million in profit.
Well said, Dean! I can speak from experience: Took voluntary redundancy at 59, and still very active and into lots of things: writing book, essays, speaking to groups, mentoring, teaching, pumping iron at the gym, doing yoga and meditation...and I turn 87 in a few days.
Retirement is another stage in life. There is not one answer for everyone. Everyone has their own idea of retirement and as we reach it we must continue to evaluate and learn about what works for us. Some people enjoy company of others and some not so much. Doing what you enjoy leads to happiness and the only person who can lead you to that place that is you .
I “retire” next week, and will comment on Dean’s concept of continued work beyond the age at which most do. 1) My work requires high cognition. Nobody but me can tell that I don’t learn as quickly or retain as much as I once did. But I can predict what would happen if I remain on this job until others can see it. 2) My experience adds to my effectiveness, and I’ve kept up with technology. But my personal culture doesn’t include ‘rewards for participation’. I don’t endorse some of the values in social media. The evolution of some progressive ideals makes me noticeable as, “old school”. A reader of these words can’t tell whether I’m a throwback to Archie Bunker or a pediatrician who’s worked with children and families of diverse kinds for 40 years. But please suspend assumptions and follow my thoughts on older workers. The changes in my skills and my reluctance to surrender my culture reduce my usefulness. If I were to stay in the workplace, these would become increasingly troublesome. But I know that I’m not atypical for my age. I’m not insensitive to dialog on racial, gender or orientation concerns. So I generalize my observations when I comment: Continuing to work is not solely at the discretion of the worker. A young, ambitious generation that demands uniformity in their workplace culture creates a less hospitable workplace for a worker who’s a generation (or more) older than them. For your proposal to be practical, workplaces would have to master the happy co-existence of employees whose cultures differ and (to some extent) will remain different.
@David Kenagy You have put into words observations that I have noticed as I creep toward retirement. There is definitely a difference, a real generation gap. So we have all these "support" groups in corporations, i.e. Diversity & Inclusion, Women, Special Needs, etc... but age is not a group that "needs" support.
As I understand the talk, the speaker is not suggesting we remain in our current jobs indefintely but that "retirement" from that job creates space for the things that really matter to us. I retired from a toxic and stressful workplace last week, and the feeling of freedom is absolutely fantastic. I look forward to launching a scarily audacious legacy project, but before that I need to create a few streams of income to supplement my pension, which will cover only the absolute essentials. Right now I'm allowing myself to relax for a while, read, watch these UA-cam videos and do nothing I don't feel like doing - a very foreign concept after 10 years in crisis mode.
That was very good. Thank you for not shutting us out. I mean you’re interesting and approachable to all people of all ages. Dean, you also offer hope as we move forward in life.
I'm fiancially secure and I'm going to retire from doing the work I do now, but I'll find work doing what I like to do. I can fix small engines. I'm certified in my state to do armed security work or drive armored car. I'll find something to do part time and when I don't like it I'll move on to something I do, but I don't see me in a rocking chair watching the world go by !
Pay, passion and purpose- sounds a lot like my second-act/encore career wishlist. I want to work as long as I can, doing what I can, wherever I can with what I got (Burt Gummer's Survivalist Credo). Admittedly, I am an odd bird...
My wife is counting the days until I retire in about 3 years at 62. While I'm excited at the prospect, I'm honestly a little nervous. I am in a mid level executive role, with a salary in the low six figures, with a ton of autonomy. I can't say I love what I do, but I am extremely satisfied with what I do, making more than I ever thought possible, working with a team I've built and I love. Do I look forward to the freedom? Sure. And my health isn't great- I'm overweight, have heart disease, high BP and diabetes. So I know my time on the planet may be limited. I look forward to having the time to take a walk, etc. have coffee with friends, etc. But I know that I will have to fill my time with something.
I am looking at retiring the end of 2023 at 66. I am satisfied with what I do also. Make good easy money. I just want to make sure it is enough with this crazy economy we are living through right now. It is scary but I think I might work part time to make it through.
Here’s my list/plan so far, in no particular order: Physical assessment, exercise, diet (learn to cook?), online learning (too much to list), volunteering (e.g. Habitat for Humanity), and maybe some kind of easy part-time or seasonal job. New hobbies might fall into the learning category, such as taking up the guitar, or coding. Recreation might depend on budget for travel and other activities, perhaps financed by employment, or be as cheap as doing more reading. Other sedentary activities might include things like an Alfred Hitchcock marathon. Make a list of what you want to do. Figure which things can be done, and which can’t. Reassess why they can’t. Tackle the lists at your discretion. Change the lists at will. Enjoy the journey. And remember: Resting counts as an activity.
@@donniesmith8779 Hi, Interesting reads BUT. To retire? The traditional retire? Naw, I am 70 almost 71. I work part time. I am a nurse of MANY years and I find I have a need to be mentally “on”. I’ve had times where I took extended time off and I found I was ready to get back to work. So I continue. I work 3 days a week and I find that amount works great for me. I guess you have to find your own niche. When ever I want to get away I just let them know at work and off I go. Think about that, you may find it just right. Good luck.
@@louisel.sinniger2057 I agree with you.. If my job will let me do part time.. I will be there for a longer time. That would be ideal. Thanks for you insight
I “retired” at 41 and the first year was great! I’m financially independent with more passive income than I need. The second I found something I like to do and followed that (fixing older homes). The third year I traveled Latin America. The fourth I lived in Brazil and now I’m looking at part time jobs or maybe volunteering. I am now 45 and never thought I’d be bored. The truth is you have to plan your retirement. There are ups and downs but find your “thing” and do that.
@@jalvarez111 Hello! Thanks for the advice. But what I said was "withdrawing from society" doesn't sound bad to me. I am also retired in upstate NY. I really like wandering in the woods/forest for hours on end - that's why I posted the comment about withdrawal from society. It truly is a choice on an individual's preference. Best wishes from upstate NY!!
there 'was' a socially acceptable alternative not mentioned - moving full-or - part time into the home(s) of your children. Hope for acceptance by the significant other. Today virtually UNHEARD of - corporate lives, gray box lifestyles.
@Trudy * Google is not that convenient for a question like this. What will come up is mostly life expectancy. But a life expectancy of 47 doesn't really mean that the average German lived to 47.
Well, life expectancy includes child and infant mortality. Which remained high until mass vaccinations and the invention of antibiotics in the 20th century.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Only retired from ‘9 to 5’ routine but not from loving to live.
71 and still learning new skills. A new chapter has started again. ❤😊
I plan to retire or reduce my work hours in five years, and I'm interested in how others allocate their income between savings, spending, and investments. I currently earn about $175K annually but haven't built up much in savings so far
There are numerous strategies to achieve high yields during a financial crisis, but it is crucial to undertake such trades with the guidance and supervision of a professional financial advisor to ensure informed decision-making and risk management
That's true. I've been assisted by a financial advisor for almost a year now. I started with less than $200K, and I'm just $19,000 short of half a million in profit.
Thank you Dean. I am an example of "platinum years" at 71 I am accelerating, and 2020 was one of my most productive years.
Well said, Dean! I can speak from experience: Took voluntary redundancy at 59, and still very active and into lots of things: writing book, essays, speaking to groups, mentoring, teaching, pumping iron at the gym, doing yoga and meditation...and I turn 87 in a few days.
Very good! You are a trail blazer! Keep at it!
Retirement is another stage in life. There is not one answer for everyone. Everyone has their own idea of retirement and as we reach it we must continue to evaluate and learn about what works for us. Some people enjoy company of others and some not so much. Doing what you enjoy leads to happiness and the only person who can lead you to that place that is you .
TRUE FREEDOM CONSISTS IN FREEING YOURSELF FROM BUSINESS
Love Pay , Purpose, Passion Dean. I am going to use it with my candidates who are in the second half of their careers.
I “retire” next week, and will comment on Dean’s concept of continued work beyond the age at which most do.
1) My work requires high cognition. Nobody but me can tell that I don’t learn as quickly or retain as much as I once did. But I can predict what would happen if I remain on this job until others can see it. 2) My experience adds to my effectiveness, and I’ve kept up with technology. But my personal culture doesn’t include ‘rewards for participation’. I don’t endorse some of the values in social media. The evolution of some progressive ideals makes me noticeable as, “old school”.
A reader of these words can’t tell whether I’m a throwback to Archie Bunker or a pediatrician who’s worked with children and families of diverse kinds for 40 years. But please suspend assumptions and follow my thoughts on older workers.
The changes in my skills and my reluctance to surrender my culture reduce my usefulness. If I were to stay in the workplace, these would become increasingly troublesome. But I know that I’m not atypical for my age. I’m not insensitive to dialog on racial, gender or orientation concerns. So I generalize my observations when I comment: Continuing to work is not solely at the discretion of the worker. A young, ambitious generation that demands uniformity in their workplace culture creates a less hospitable workplace for a worker who’s a generation (or more) older than them. For your proposal to be practical, workplaces would have to master the happy co-existence of employees whose cultures differ and (to some extent) will remain different.
Well said.
@David Kenagy You have put into words observations that I have noticed as I creep toward retirement. There is definitely a difference, a real generation gap. So we have all these "support" groups in corporations, i.e. Diversity & Inclusion, Women, Special Needs, etc... but age is not a group that "needs" support.
As I understand the talk, the speaker is not suggesting we remain in our current jobs indefintely but that "retirement" from that job creates space for the things that really matter to us. I retired from a toxic and stressful workplace last week, and the feeling of freedom is absolutely fantastic. I look forward to launching a scarily audacious legacy project, but before that I need to create a few streams of income to supplement my pension, which will cover only the absolute essentials. Right now I'm allowing myself to relax for a while, read, watch these UA-cam videos and do nothing I don't feel like doing - a very foreign concept after 10 years in crisis mode.
@@cazola247 Good luck! I hope your legacy project goes well, whatever it is.
That was very good. Thank you for not shutting us out. I mean you’re interesting and approachable to all people of all ages. Dean, you also offer hope as we move forward in life.
Retirement plans evolve through the years, which means portfolios should be rebalanced and estate plans updated as needed.
Your career, family size, age of retirement, and post-retirement goals will all factor in to retirement planning.
But first, start by learning the steps that everyone should take, no matter what their age, to build a solid retirement plan.
Timothy Eric Meek my mentor gets into all of these issues here and achieve great investment success.
He is a genius.
How can i reach him please
Agree and Thanks.. Pay, Passion and Purpose
I'm fiancially secure and I'm going to retire from doing the work I do now, but I'll find work doing what I like to do. I can fix small engines. I'm certified in my state to do armed security work or drive armored car. I'll find something to do part time and when I don't like it I'll move on to something I do, but I don't see me in a rocking chair watching the world go by !
Pay, passion and purpose- sounds a lot like my second-act/encore career wishlist. I want to work as long as I can, doing what I can, wherever I can with what I got (Burt Gummer's Survivalist Credo). Admittedly, I am an odd bird...
Depart, remove, withdraw sounds better to me man.
Thought provoking and a fresh perspective!
My wife is counting the days until I retire in about 3 years at 62. While I'm excited at the prospect, I'm honestly a little nervous. I am in a mid level executive role, with a salary in the low six figures, with a ton of autonomy. I can't say I love what I do, but I am extremely satisfied with what I do, making more than I ever thought possible, working with a team I've built and I love. Do I look forward to the freedom? Sure. And my health isn't great- I'm overweight, have heart disease, high BP and diabetes. So I know my time on the planet may be limited. I look forward to having the time to take a walk, etc. have coffee with friends, etc. But I know that I will have to fill my time with something.
@@billmurray4430 I like the sounds of that Bill. Thanks for the encouragement.
I am looking at retiring the end of 2023 at 66. I am satisfied with what I do also. Make good easy money. I just want to make sure it is enough with this crazy economy we are living through right now. It is scary but I think I might work part time to make it through.
Here’s my list/plan so far, in no particular order: Physical assessment, exercise, diet (learn to cook?), online learning (too much to list), volunteering (e.g. Habitat for Humanity), and maybe some kind of easy part-time or seasonal job. New hobbies might fall into the learning category, such as taking up the guitar, or coding. Recreation might depend on budget for travel and other activities, perhaps financed by employment, or be as cheap as doing more reading. Other sedentary activities might include things like an Alfred Hitchcock marathon. Make a list of what you want to do. Figure which things can be done, and which can’t. Reassess why they can’t. Tackle the lists at your discretion. Change the lists at will. Enjoy the journey. And remember: Resting counts as an activity.
@@donniesmith8779 Hi, Interesting reads BUT. To retire? The traditional retire? Naw, I am 70 almost 71. I work part time. I am a nurse of MANY years and I find I have a need to be mentally “on”. I’ve had times where I took extended time off and I found I was ready to get back to work. So I continue. I work 3 days a week and I find that amount works great for me. I guess you have to find your own niche. When ever I want to get away I just let them know at work and off I go. Think about that, you may find it just right. Good luck.
@@louisel.sinniger2057 I agree with you.. If my job will let me do part time.. I will be there for a longer time. That would be ideal. Thanks for you insight
"Withdrawing from society" doesn't sound so bad to me!
A fantastic idea!
I “retired” at 41 and the first year was great! I’m financially independent with more passive income than I need. The second I found something I like to do and followed that (fixing older homes). The third year I traveled Latin America. The fourth I lived in Brazil and now I’m looking at part time jobs or maybe volunteering. I am now 45 and never thought I’d be bored. The truth is you have to plan your retirement. There are ups and downs but find your “thing” and do that.
@@jalvarez111 Hello! Thanks for the advice. But what I said was "withdrawing from society" doesn't sound bad to me. I am also retired in upstate NY. I really like wandering in the woods/forest for hours on end - that's why I posted the comment about withdrawal from society. It truly is a choice on an individual's preference. Best wishes from upstate NY!!
Mr waggenspack is back
Thank you...
Nah, not so much. He’s almost right in some ways. Pizza, paragliding and sharing time with your partner, sounds much better.
Retirement
there 'was' a socially acceptable alternative not mentioned - moving full-or - part time into the home(s) of your children. Hope for acceptance by the significant other. Today virtually UNHEARD of - corporate lives, gray box lifestyles.
Great job, Dean! I truly enjoyed your talk.
Right on Dean! Can you explain that to companies in the Pacific Northwest??
Except the main thing missing is free health care in the US.
Great job my brother.
I retired at 26 and I'm in my 40s
That’s awesome. Are you part of the FI community? What do you fill your days with?
@@jalvarez111 what's the Fl community? I do whatever I want, ski, tennis, travel, buy sell homes design lobby -- I basically dominate the USA
Awesome!
Retirement is the last stage before death. Boomers act like they are young and can avoid reality. 💀
retire for 30 yrs really many financial people say that ? live till 95 !! wow i think more realistic like 15 to 20 yrs
Who is John Galt?
退職 Taishoku
I'm sure the average German didn't live to only 47
@Trudy * Google is not that convenient for a question like this. What will come up is mostly life expectancy. But a life expectancy of 47 doesn't really mean that the average German lived to 47.
Well, life expectancy includes child and infant mortality. Which remained high until mass vaccinations and the invention of antibiotics in the 20th century.
The dry idea syntactically memorise because paperback perceptually bow apud a flaky value. like, well-groomed timpani