15 Things You Need to Get Done BEFORE You Retire!

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This video discusses 15 things you need to get done BEFORE you retire. Many of these decisions can't be undone, so getting them right now is really important to optimize retirement. While many of the 15 are financial, some are simply about awareness and action rather than big financial decisions, and they can make all the difference in the world!
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14 июл 2024

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Комментарии : 213

@HolySchmidt 8 месяцев назад

Check out one of our most popular videos - 4 Major Social Security Updates for 2024: What You Must Know -> ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-zBCmA5Xx7U0.htmlsi=UKlzbdkAe1kuk20O

@FennaVa 5 месяцев назад

Most Americans find it hard to retire comfortably amid economy crisis. Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?

@marcellasilva4015 5 месяцев назад

Lately, I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future. I've also invested $800K in the stock market, experiencing fluctuations without substantial gains.

@ralfbrown-kl1gp 5 месяцев назад

Opting for an investment advisor is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfOlio has surged by 45% since Q2.

@oliverdavis-tw2xl 24 дня назад

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

@ralfbrown-kl1gp 24 дня назад

Sharon Ann Meny, is the name , Just search the name. You’d find necessary details to work with to set up an appointment.

@McCachren 24 дня назад

I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

@Riggsnic_co 5 месяцев назад

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

@bob.weaver72 5 месяцев назад

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

@martingiavarini 5 месяцев назад

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@TheJackCain-84 5 месяцев назад

Mind if I ask you to recommend this particular coach you using their service?

@martingiavarini 5 месяцев назад

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@TheJackCain-84 5 месяцев назад

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@RichardGeorge-pz3wm 9 месяцев назад

At 63, I retired TO a part-time job that I love and feel productive at!!! It is not stressful like my full-time job was and for sure I have more FREE TIME to hang out with my other retire friends

@BradleyMaurice226 9 месяцев назад

For sure !!! I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts

@EdwinBoettcher 9 месяцев назад

That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success..

@JeffWilliamfick 9 месяцев назад

What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom.

@BradleyMaurice226 9 месяцев назад

Opportunities comes infrequently, Investing saves more than saving, Invest now to achieve financial Independence. I engage on different sectors with BECKY LOU GORDON a well-known fin. Advisor. Look-her-up!!!

@JeffWilliamfick 9 месяцев назад

Thank you, just searched her up and left her a message.

@cindyhenry1410 8 месяцев назад

4 words: PAY OFF YOUR MORTGAGE! Be debt free before you retire!!

@Cevan42 8 месяцев назад

My mortgage rate is 2.375%.

@cindyhenry1410 8 месяцев назад

@@Cevan42 mine is 3%. Will be paid off in 4 yrs

@Cevan42 8 месяцев назад

That’s great but I’d rather put $ where it will make over 5% rather than pay off a 2.375% debt.

@cindyhenry1410 8 месяцев назад

@@Cevan42 making over 5% is stock market average....is not without risk. I’ve got investments doing that plus working toward being debt free at the time of retirement. Win-win!

@garrett7101 8 месяцев назад

@@Cevan42it’s really nice not having a mortgage payment though.

@YTDataAnalyst 5 месяцев назад

With world markets tumbling, inflation soaring, the Fed imposing large interest rate hikes, the treasury yields rising rapidly, markets manipulations, and many other factors makes me wonder if people still make profits from all these investing BS.

@goneretired7030 5 месяцев назад

HUH??? The market is up.

@lawrenceralph7481 5 месяцев назад

12.5 %per year. 20% volatility, VOO or VTI.

@KathleenMcNe 3 месяца назад

My net worth (stocks and rental properties) has increased $4.2 million in the past 7 years, so investing has worked well for me.

@geminiecricket4798 3 месяца назад

Oh yes yes

@nanniecath528 Месяц назад

what? the market has been skyrocketing for some time and inflation slowly decreasing

@johnmaurice2340 9 месяцев назад

I had always planned on moving somewhere with no snow in the winter. My wife finally gave me the go ahead a few years ago to look for a new home. Then as we were talking more about it I realized with my lifestyle that i would probably pass away first and she would be left far away from family and friends. I bought a new shovel this year.

@heidikamrath1951 9 месяцев назад

Changing your lifestyle wasn’t an option?

@anne9358 9 месяцев назад

How thoughtful and giving. You sound like a wonderful husband.❤🏆🏅

@cindyhenry1410 8 месяцев назад

Hire a snow removal service or get some young kids from the neighborhood that need cash. Around here, my neighbors and I help each other out....

@kimsw9778 8 месяцев назад

Go somewhere south for the winter and rent!

@Barbara-jn2gw 5 месяцев назад

you sound like a good husband. Wish all husbands were like you. You can always go south a few months

@govinda102000 9 месяцев назад

This is one of the best most important videos on any financial channel. Thanks.

@kenl2861 4 месяца назад

Awesome content, as always, Jeff! Thank you!

@albertng888 5 месяцев назад

Thank you for sharing your wisdom, they are so useful to me!

@paulahastings7865 9 месяцев назад

I'm glad I've been watching your videos. My first official retirement day is today. Thanks for all the information.

@HolySchmidt 9 месяцев назад

Best of luck!

@ParkinT 9 месяцев назад

Congratulations !! 🎉🎉🎉🎉

@Crymeariver227 9 месяцев назад

Congratulations!🍾🎉🎊

@karenbenning2166 6 месяцев назад

I really enjoy your videos. Your advice is so down to earth and contains such common sense ideas/plans.

@goneretired7030 5 месяцев назад

When asked about planning, Eisenhower said “The plan is worthless, but the act of planning is priceless.”

@yolandatubin8126 5 дней назад

All excellent points..

@ryangreen9770 9 месяцев назад

Great advice. Thank you 🙏

@HolySchmidt 9 месяцев назад

You bet

@Elvin6219 9 месяцев назад

Thank you for the info.

@james.atkins88 9 месяцев назад

I am 50 years old with very little set aside for retirement at this point. I have always been curious about the stock market and have witnessed some people who played the game right and retired early because they used the stock market. When I ask them, most said that they invested very little to start with, but their portfolio grew. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

@Believer292 9 месяцев назад

Buy and hold. Buy a little at first. Buy with a purpose. And for the love of all thing do not invest more than you can afford to lose. Always have other, safer monetary channels and backup funds.

@hunter-bourke21 9 месяцев назад

Having a portfolio coach has enabled me to navigate market ups and downs, harnessing both risk and hedging strategies. Their expertise and exclusive information have helped me generate over $1.05 million in profits over two years and counting.

@rebecca_burns14 9 месяцев назад

@@hunter-bourke21 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Fin-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.

@hunter-bourke21 9 месяцев назад

"Camille Alicia Garcia, maintains an online presence. just make a simple search for her name online.

@andrew.alonzo 9 месяцев назад

I located her, sent her an email, and we set up a call; hopefully, she will answer because I want to end 2023 on a solid financial footing.

@lroberts4162 9 месяцев назад

Another great video. Thank you

@HolySchmidt 9 месяцев назад

My pleasure

@cindygardner350 5 месяцев назад

Thank you so much for your knowledge and insights, getting ready for retirement and I’m totally confused. At least you get some explanation.

@terryB4713 9 месяцев назад

Thanks Geoff listening to your video I've done all you've said

@HolySchmidt 9 месяцев назад

Fantastic!

@DavidSmith-lp5tz 9 месяцев назад

I shared this with a co worker who is close to retirement.

@scooty67 9 месяцев назад

Thanks Jeff!

@HolySchmidt 9 месяцев назад

You bet

@clubmike2910 8 месяцев назад

Well I retired at 62 with no debt and a paid off little country home. I spend all my time goofing off and fishing and relaxing. I have no 401k, just a pension and social security life is good. I have medicare A and B with a high deductible G plan with a drug plan. It is the way to go. I have a simple life in the Ozarks and life is good, top of the world Ma!!!!!!

@redonionsyummy Месяц назад

Congrats 🎉

@mvj1960 9 месяцев назад

To get the property tax reduction for seniors (65 and older) in Indiana. Your gross income has to be less than 40K for couple (singles 30k) but I did learn something new. I will let people at my church know this...thanks Jeff

@HolySchmidt 9 месяцев назад

You bet

@damor6703 9 месяцев назад

Enjoying your videos from Australia. Mostly common themes and can contextualize to our systems etc where required. The Gold Coast or Sunshine Coast possibly our Florida equivalents.

@Vankel83 9 месяцев назад

58 and counting the days till retirement. Looking @ at 63 the wife & I. I've been working and paying taxes since I was 14. I believe paying 49 years will be enough to that uncle in DC. Been doing 401K since I was 28, and the wife also. Between 401, IRA, Roth and personal investments it's looking really good. Only have a few on your list to knock off. That task will be done in under 5 years.

@scottanderson9656 8 месяцев назад

I really like this channel, calm realistic advice. With the price of real estate it would be interesting to hear ideas for individuals with high net worth, stocks etc, but who still rent.

@thepassdude5173 9 месяцев назад

Good information! Retirement can also be a time for exciting entrepreneur opportunities . Harland Sanders didn't become a millionaire until after he turned age 65. KFC has been with us ever since. You forgot to mention to get a passport before retirement.

@ChristopherMarshburn 8 месяцев назад

One thing people don’t often thinking about when deciding when to take social security is the limit on the amount of income you can earn while receiving benefits, which actually just increased. Instead of seeing this as a negative think of it as a positive. In other words not only can you receive a monthly payment but you can also supplement that doing something you enjoy and find fulfilling. I love hiking and backpacking and for the last two years had seasonal jobs in outdoor stewardship with nonprofit organizations like the Appalachian Trail Conservancy and the Appalachian Mountain Club. I was an attorney in a former life :)

@BoxOfRain 9 месяцев назад

A lot of good advice! I'd add: (1) try to pay off your mortgage - we did and its been a huge relief; (2) Consider local property taxes and insurance rates when considering your retirement location - I've seen insurance rates go through the roof in locations that suffer weather related emergencies and I've also seen property taxes be $5000+ for relatively modest 200K homes; (3) do a "what-if" analysis on your income and expense forecasts. A friend of mine had to give up his second home when the markets tanked last year; and (4) let close relatives know about any powers-of-attorneys or other estate plans.

@jdenino6022 9 месяцев назад

My mother lives in New York City in an outer borough and because she is a senior citizen with an income of under $58,000 they cut her assessment of her home in half plus she got a veteran exemption for my father who is deceased so her taxes are only $3000. Her neighbors have a higher income so they are paying $8,000. The man who lives next door gets a good pension so his income is much higher. They are almost the same age as my mother and moved in at the same time 50 years ago. The program is enhanced star in NYC and they have raised the limit to $86,000 income according to what I just looked up. It goes up again next year.

@lilblackduc7312 4 месяца назад

You are an 'eye-opener' for sure!

@jc10907Sealy 9 месяцев назад

Great content and channel. I’m 62 and planning!

@HolySchmidt 9 месяцев назад

Nice work

@26laf 9 месяцев назад

Fantastic video! I'm planning to retire next year and have most of this squared away, but this is a great checklist.

@diggernash1 9 месяцев назад

Ive got the time thing figured out...I work only to fund my hobbies...lol.

@TexasR1 9 месяцев назад

Love the channel. BTW, Manana doesn't mean "tomorrow" here in Texas,...It means, Not Today. As in, For 2 weeks you've been promising to work in the yard, When are you going to do the yardwork? Manana. 😀

@parkerposey788 9 месяцев назад

1. Have a plan 2. Know where to live 3. Know where $$ comes from 4. Learn Medicare system 5. Map out budget 6. Consolidate money 7. Reduce portfolio 8. Know tax loopholes 9. Eliminate high interest debt 10 Strategy for Social Security 11 Plan your time 12 Get Will, PoA, in order 13 Rekindle old friendships 14 Appliances replaced 15 Reduce property taxes

@HolySchmidt 9 месяцев назад

Now what is the most important part…

@parkerposey788 9 месяцев назад

@@HolySchmidt Pay off house, car, credit cards, being 💯 debt free to start before retirement

@robertmouchard1158 9 месяцев назад

Have a plan, without that you won't have the rest

@robertmouchard1158 9 месяцев назад

Have a plan, without that you won't have the rest

@HolySchmidt 9 месяцев назад

Followthrough…

@stingray8585 9 месяцев назад

Always enjoy your indepth knowledge. Im retiring soon at 62 and I've been planning on this for a while. I believe that I've covered all of these, looking forward to the day.

@HolySchmidt 9 месяцев назад

Enjoy!

@cindyhenry1410 8 месяцев назад

What will you do for health insurance between age 62 and 65 when Medicare kicks in??

@bleshjjdnit 9 месяцев назад

I would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.

@roberttaylor662 9 месяцев назад

predicting short-term market movements is extremely difficult in reality. It also essentially requires the investor to be right twice: they must perfectly time both their entrance to and exit from the market.

@VanPelt54u7fcyde57 9 месяцев назад

Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $53k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@rebeccaartgallary 9 месяцев назад

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

@VanPelt54u7fcyde57 9 месяцев назад

Firms can be unscrupulous as they prioritize their own commission over your profitability. On the other hand, I prefer working with individual investors like Monica Amanda McClure, who only take a share from your profits, not your initial capital. I must say, my experience with her has been exceptional thus far.

@rebeccaartgallary 9 месяцев назад

I just came across her web page, I went through her resume and I must say it was quite impressive. I reached out to her and I have booked a session with her.

@mikeconner7682 9 месяцев назад

Thanks Geoff. I have been planning my retirement for a couple of years now, I'm still working at the age of 67 and I'm getting real close. I just have to get my wife to comply with item #9 on your list 😅

@David-TX59 9 месяцев назад

I'm 64 planning to retire in 3 years, so this is a great video for me. I will watch it again from time to time as I prepare for retirement.

@HolySchmidt 9 месяцев назад

Glad it was helpful!

@toddfoster828 9 месяцев назад

Heh. The "rebalanced" part of my portfolio is what has taken the biggest hit. Even high quality bond funds have not exactly been the greatest investments the past couple of years.

@jameswitte5676 9 месяцев назад

US treasuries are paying a good rate and let you sleep peacefully. Hold till maturity and you’ll never lose a penny.

@pjlaure9499 9 месяцев назад

What happened to the budget template? Thank you.

@MegaRose1958 9 месяцев назад

I'm semi-retired and I am trying to figure out should I still keep my health insurance thru my employer since I now have Medicare Advantage thru Kaiser. It's almost time for open enrollment. I'm paying $90 a month to keep the insurance thru my employer . I have even called Kaiser thru my job and I have been told to compare both side by side, and what one doesn't cover, the other one may cover.😮😮

@JBoy340a 7 месяцев назад

Does anyone have any stats on how many people moved in retirement? This seems interesting to me since you likely are moving from your healthcare, restaurants, entertainment, and other things you are familiar with. Also, if you move to be close to family, what happens when they move? We have no plans on moving.

@woodrowcarter5367 8 месяцев назад

Understand what you were talking about and you and you get good advice, but sometimes it seems like people should just said around not spend any money clip coupons and like every dime they spend that’s not retirement that’s what you do when you’re trying to get the retirement

@kimbook5304 Месяц назад

Huh?

@OnCashFlow 9 месяцев назад

Before you retire, make sure that you tell your close friends and family. Especially those that choose to retire early, it is often difficult to discuss with friends and family because a lot of people don't understand that such a thing is possible without immediately relying on social security and/or medicare. (F.I.R.E) I didn't do this and now It is difficult to explain that I am retired from a W-2 job in my late 20s. At least I do some internet marketing and real estate investing so that is what I sat that I "do" for work.

@mikeshaw4610 9 месяцев назад

Why not leave the investments into at least a somewhat aggressive investment, especially if you can weather the occasionally down year to get a better long term return

@Savannah-ed4rv 8 месяцев назад

It would be good to know what to do about things after you're retired. Say if you have a major appliance breakdown and you don't have the cash.

@cindyhenry1410 8 месяцев назад

You need a source of cash flow (savings) to use for such emergency situations.

@Angela-cd9bj 8 месяцев назад

Perhaps a home warranty?

@audreyandrea460 Месяц назад

If you don’t have money for that then you can’t retire. You need to keep working.

@djnivekonea.k.adjnivek1517 8 месяцев назад

Is there a quasi-breakeven point when doing Roth conversions don't make sense? For example, my wife and I are 63 and retired. We have $372K in a traditional IRA at a national brokerage firm (with a 100% stock allocation) and guaranteed income (social security-that we claimed at 62-and three pensions that are adjusted for inflation and has survivors benefit at 50%) that covers all our expenses; including our home mortgage-with a 2.75% interest rate. We plan on withdrawing up to the standard deduction each year from our traditional IRA, rather than doing Roth Conversions. Albeit, we have a contingency $250K term life policy with my wife as the sole beneficiary that’s earmarked to cover the cost of Roth conversions should I pass away before age 75. However, we have run the numbers and it seems like the breakeven point for doing Roth conversions for traditional IRA balances is $500K or more. At least that the case and our situation; thus, my question.

@jeanniestaller797 8 месяцев назад

I would not suggest consolidating your finances. In this atmosphere of sudden account closures and bank closures, your money needs to be spread around a bit.

@hlm34 9 месяцев назад

I decided to take my SS at 68 instead of working until I’m 70 and taking it then. I am still working until that either my employer or my body says you’ve had enough. This way, I build up my account before I get blindsided with whatever happens in the future. I do pay state and federal taxes on the SS to keep myself out of deep doo doo. Like anyone else, I will forget something and go wtf, why didn’t I think of it. Until then, I will keep on the path I’ve created. I never know when my employer will say, it’s time to go. That drove me to make this choice I made myself after seeing a group of 12 in another department get laid off with severance and their jobs go to another state.

@charlesluecke7110 7 месяцев назад

We're told to drive an old car live below our means. Meaning home improvements and repairs are put off. At what point can I finally buy a nice vehicle and do improvements/repairs to my home? When it's too late?

@audreyandrea460 Месяц назад

This doesn’t make a lot of sense. You can purchase a gently-used car that is only 2 years old from the dealership if you’d like. Otherwise go ahead and buy a new car if you can afford one. Can’t you make decisions for yourself? No one is telling you to put off home repair. It’s best to keep your home in proper shape.

@oliverstewart834 9 месяцев назад

Good reminder on the property tax as you get older. My accountant caught that for me last year and in addition we filed an amended return for the year before. Got a nice refund. I am in Nebraska, Sarpy County

@Lion_McLionhead 9 месяцев назад

The lion kingdom expects to drain its cash 1st & eventually end up in 100% stonk after retiring. The government is going to have to manetain ZIRP & inflation targeting is going to push assets up to offset manufacturing deflation in the long term which is going to make cash a total loss.

@buddyjenkins7188 9 месяцев назад

Taxes are without a doubt our largest expenditure.

@jameswitte5676 9 месяцев назад

As you get older medical expenses will for most people become their biggest expense.

@bridgecross 9 месяцев назад

Getting my 401(k) balance out to a retirement account not linked to my employer will be one of my first acts. The plan only makes sense because of the employer match, otherwise there are so many lower fee options out there.

@paulahastings7865 9 месяцев назад

Me too!

@darwinjina 9 месяцев назад

Do you have wait to rollover 491k accounts?

@glennoliver1871 9 месяцев назад

@@darwinjinaNo you do not. You can even make a transfer to an Ira with no penalty.

@bridgecross 9 месяцев назад

@@darwinjinayou don't need to wait, but if you're a newer employee you might want to check how much you're "vested" in the plan. For some plans, not all the matching contributions from the employer stay with you until some period of time. Usually 5 years of employment.

@timmotley5032 9 месяцев назад

If you are over 59.5 you may be able to do a in service withdrawal from your 401K to an IRA and get control of your $ sooner while still contributing to the company 401K

@thirstingknowledge 8 месяцев назад

One should have their living space paid off. Someone like me who does not have 401k or investments but couple of 100k in CDs. But I plan to buy another home outright and rent it out along with my meagre SS income money. And work a small job for added income. I am 60 and don't have much time to do.

@ocean1233 2 месяца назад

Not all have a spouse. I am not moving south. To much danger.

@JBoy340a 7 месяцев назад

So, what do people do in those 10 hours a day they worked when they retire? We don't play golf but even while working exercise 2+ hours a day.

@joycechavez9027 4 месяца назад

Retirees do Nothing.! But we do it in the morning so our afternoons are free…..

@NoMoreTears64 8 месяцев назад

I had a "plan", but NONE of it panned out. I wont bore you with the details. So...started collecting Social Security at 62. I rent so I can leave if and when I need to. I have no debt. I live within my budget. I have a puny amount for emergencies and thats it. All of this "planning" and squirrling away of money is a waste of time and stress. No one can take it with them when they leave this earth. Enjoy your retirement in simplicity.

@randymillhouse791 9 месяцев назад

# 1: Stock up on beer and liquor!

@thomtorrez7618 9 месяцев назад

Whatever you do , don’t get cancer . Then all your plans go right out the window . And don’t leave your wife for a younger woman .

@DrSchor 9 месяцев назад

please explain your thinking on younger women

@willjay916 8 месяцев назад

The red sports car is always less expensive than changing wives.

@Mindsi 4 месяца назад

@@DrSchorRead the shining story about the woman in that room😂😂😂😂😂😂😂😂😂how she got there🎉🎉🎉🎉🎉then you will know😂😂😂😂😂😂😂

@sammencia7945 Месяц назад

NO DEBT 1) Payoff ALL credit cards 2) Buy used car CASH. NO car loans. 3) Payoff your mortgage 4) No student loans

@gimcrack555 4 дня назад

I paid off all my credit cards at age 36. Been debt free since than. I paid cash for my first used car in cash and the one I have own for the past 13+ years. Not once bought a new car and never will. I'm currently 60. Funny I did it backwards as owning a home. Been renting all my life, until I reach the age of 56. I bought my first home and I paid cash for it. So I'm still debt free. Never when to college so no student loans. Jump the band wagon to the workforce on day one after high school. Never regretted that decision at all. I rented so long, because I move from town to town, city to city, state to state. To mark off things on my bucket list. Yes, I started working on my bucket list while I was young. Because I knew for a fact a fail old man couldn't do them. So I didn't waited until I retired. I did my retirement backwards as well. I did the semi-retirement as between jobs. I was moving from place to place. So I been saving up not a nest eggs but what I call golden goose eggs. As fund between jobs. My breaks between jobs can be 1 month, 3 months, 6 months, 9 months or even 1-3 years. My longest break between jobs have been 2 years and 9 months. Will be working on the 3 years sometime down the line.

@santiagovasquez1404 9 месяцев назад

if you are so lucky that you need to put together a trust " you made it " i would spend it, but i'm not you. the trust could be the kids selling the boat or the house on the hill overlooking everything. it doesn't have to be you on the hook every time for the money if you enjoy it though that maybe your thing..

@HolySchmidt 9 месяцев назад

The term “Trust” can mean many things. Many/Most wills have a revocable living trust component so the recipients don’t have to go through a lengthy and expensive legal process called probate after the deceased, well, decease’s. They usually cost a few hundred dollars to set up.

@santiagovasquez1404 9 месяцев назад

@HolySchmidt Ok all im saying is why is it that you have to worry about the future that doesn't include you i say spend spend spend the stuff you acquired has value , your heirs can sell that and have what that is worth. if you did it right you will not need to be supporting your heirs they will be able to carry on without you. was that not the goal .. # you wife is part of that party.

@HolySchmidt 9 месяцев назад

I don’t really subscribe to the theory that when I’m gone I don’t care, unless one has no family to worry about

@HomeOrchard 9 месяцев назад

Hey Geoff- Can you do a video on converting part of an IRA into a Hybrid Pension? Thanks

@ds61821 9 месяцев назад

Your #15 is a good one. In my county I get Senior exemption (I'm over 65) and Senior assessment freeze (freeze's the value of my property when I first applied for this exemption, but this is indexed to being below an AGI of $70K). I save $945 a year with these two exemptions I had to apply for.

@almoemason 9 месяцев назад

#1 thing to do is MOVE and be sure not to let your wife or kids know where you moved to.

@cindyhenry1410 8 месяцев назад

??!

@almoemason 8 месяцев назад

@@cindyhenry1410 EXACTLY .... Where is Papa ???

@lindadorman2869 9 месяцев назад

I'm planning to move abroad when I retire but haven't chosen one place to settle yet. I've visited 40 countries over the years and have a short list of my top 3 cities. What helped me finalize my plan was to research retirement visa requirements and taxation, housing, cost of living expenses, healthcare, public transit and leisure activities. Lots of countries are changing their visa programs so staying up to date with the latest news has become essential if you plan to leave your home country.

@geraldt331 9 месяцев назад

What can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $150k is down to $90k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how

@cindyhenry1410 8 месяцев назад

By cheating 😮

@audiophileman7047 9 месяцев назад

Get a guitar before you retire. Get a guitar after you retire. Play them and live the good life in retirement.

@jason60chev 9 месяцев назад

What if you don't LIVE to full retirement age????????!!!!!!!

@HolySchmidt 9 месяцев назад

Unfortunately no one can answer that any more than they can answer the question what if you live to 99.

@jason60chev 9 месяцев назад

@@HolySchmidt Well, yeah……so how can analysts, RU-vid presenters, counselors, etc say that it is stupid to or no one should apply for Social Security at age 62? Yeah, they go by statistics, estimates, analytics, graphs charts, longevity tables, etc. I’m 61, coming up on 62, but still earn a 6 figure income, so applying for SS would not make sense. But, I’ve also been diagnosed with arterial blockage and surgeons want to cut me open, which I do not want to do. I may even lose this job, for these medical reasons, but cannot think about retiring g until at least debt and mortgage is paid ( mid 2024, on paper).

@HolySchmidt 9 месяцев назад

While I can’t speak for other RU-vid presenters, you will recall I said it’s important not just go by what others are doing - rather do the analysis for yourself. That seems appropriate advice in this situation.

@baron7024 9 месяцев назад

At 65 and still working until 66 and 8 months, my full retirement age, I've wondered about that . Then I realized, if I don't live until then missing out on retirement won't matter. I'm dead and won't be missing anything in this life. After I accepted my mortality I felt like a weight had been lifted from my life. I wish long life, health and happiness to all.

@edwardpate6128 9 месяцев назад

An important thing to understand is your family history and what kind of longevity they had. In my family nobody has lived past 80 at the high end. My mom died at 65. I am 63 now and don't plan on working past 65 tops.

@michaelswami 9 месяцев назад

Oft gang aglay. Or is it aft

@HolySchmidt 9 месяцев назад

Oft.

@michaelswami 9 месяцев назад

@@HolySchmidt remembering my Burns from HS.

@HolySchmidt 9 месяцев назад

Great callout!

@lorna5691 9 месяцев назад

Gang aft agley.

@michaelswami 9 месяцев назад

@@lorna5691 yeah I doubted it as soon as I wrote it. A few decades since I read it.

@mattball2700 9 месяцев назад

37% *marginal* tax. Please tell people "marginal" tax rates.

@vinyl1Earthlink 9 месяцев назад

If you're retired, and your income is over $600,000, putting you in the 37% bracket, you're doing OK. You probably don't have to worry about running out of money, and can pay cash for LTC.

@siltyn1 9 месяцев назад

I like your videos, but the constant zooming in and zooming out is quite annoying.

@geminiecricket4798 3 месяца назад

Have your plan A B C D investments for stocks & bonds and prepare for the worse and expect the best. PAY off the mortgage.

@wahiawamang6622 9 месяцев назад

Have a discussion with him or her or these days them. 🤦🏼‍♂️😂

@dipaknadkarni62 9 месяцев назад

Thanks. Prayers for Israel.

@Minimalist-Lifestyle 9 месяцев назад

First

@davidmorton6211 8 месяцев назад

I love your videos, but the zooming in and out on your face is very distracting.

@scoutandscooter 9 месяцев назад

I (sort-of) retired with no plans but lots of money. Moved to Texas for end-of-life care for in-laws, now I want to get away from small minded old white men politicians and electorate and back to Manhattan no matter what the cost.

@christinebutler7630 9 месяцев назад

Take climate change into account. Florida will be mostly underwater in the next 30 years. Extreme heat and drought are going to make the southwest much less livable as time goes on. Wildfires and hurricanes will require bugging out at intervals, and as you get older, bugging out becomes progressively harder.

@darwinjina 9 месяцев назад

Get real. I'm still waiting for the upcoming ice age.

@kb3byu 9 месяцев назад

Yes, and according to Al Gore we've had only 10 years left to live for the past 30 years.

@joncarson3060 9 месяцев назад

Please tell me your joking.

@DrSchor 9 месяцев назад

please tell me you know how to spell you're@@joncarson3060

@glennoliver1871 9 месяцев назад

Drinking too much koolaid

@drecksaukerl 9 месяцев назад

Know where to live? that's easy for me. Wife's in a nursing home with a special unit for HD patients that's a reasonable distance from my paid for house in the NY Capital Region. Ain't going anywhere. Forget Florida. Most houses in that state will be marine habitats before too long if the doomsayers are right. I couldn't imagine living in a blast furnace, aka Arizona.

@mattball2700 9 месяцев назад

+1 to moving 401k to IRA

@eldonharris2236 5 месяцев назад

Either way you lose drawing at 62 or full retirement.

@Raymondjohn2 5 месяцев назад

@TheJackCain-84 5 месяцев назад

@martingiavarini 5 месяцев назад

@bob.weaver72 5 месяцев назад

Mind if I ask you to recommend this particular coach you using their service?

@martingiavarini 5 месяцев назад

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

@bob.weaver72 5 месяцев назад

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.