Many Retirees Wish They Would Have Retired Earlier

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Комментарии : 265

@josecuervo1747 3 года назад

I retired last year at 55, after 27 years of working 10-12 hours 6.5 days/week. At some point, time and freedom become more important than earning more money. I haven’t had a single day of boredom and I am so much more healthy. Life is good. 😁

@jdthompson5778 3 года назад

Definitely! It’s sad so many people end up working so long out of fear they don’t have enough money that they never really get to fully enjoy the fruits of their labors when they are healthy enough to really enjoy it as they should! This often seems to be a big problem for those who have saved aggressively and lived well below their means for decades! Many of them have never really taken a close look and just stick with conventional thought and advice on retirement.

@MerryHampton 3 года назад

is this the Jose Cuervo I know?

@pearlperlitavenegas2023 3 года назад

¿Got Tequila?

@ms8742 3 года назад

God willing (stay healthy), I am retiring next year at age 55. So blessed to be able to do so. I work for a very large Corp and today the CEO was telling us why we should all put the pronouns we identify with in our contact info so we can show we are allies to that community. I fully support what anyone "identifies" with, but I was like "really?...that's what we need to be concerned about right now in the age of Covid and a tough business environment?". I won't look back.

@davewebbtheauthor 3 года назад

@@ms8742 I'm 55 and retired early from education, which is getting crazy these days. By the way, my pronouns are I/me. lol If you are obviously one gender or another, you shouldn't have to identify your pronouns. I'm an ally with common sense.

@DD-vk5yy 3 года назад

I now know why my dad used to say I can’t wait to retire when he reached his early 50s. Tough to put up with office politics and all of the bullshit that goes on today. Companies have done a great job complicating even the most simplest jobs nowadays.

@bsaver5942 3 года назад

Hated my job. Retired at 59. So happy.

@DRM-nb1fg 3 года назад

I just retired at age 35. Grinded very hard (including all nighters) during my 13 year career. Piled up a ton of savings by being a cheapskate with my lifestyle. My big plan at this point is to spend way more time with my parents.

@robn.5932 3 года назад

I was 48 and my Board if Directions forced me out. I had debated early retirement for several years. It has been the best year of my life with family, hiking, running, road tripping etc. screw the pandemic I have seen more in the last year than I had in the last 30 years of working. I was one who tolerated a extremely high stress job, glad I got out when I did.

@stevenk195 3 года назад

Just retired two weeks ago (54). Wife retired last year(51). Planned too long for this (debt free for 25 years) to second-guess anything at this point. My Dad is in the hospital at 82 right now. Do the math. Life is waaaaaaaaay too short. My wife and I are healthy...now. We are going to enjoy it all together starting......now.

@TableForOne2025 3 года назад

Awesome, congratulations to you both and enjoy it!!

@JesusEsDios007 3 года назад

Debt free including mortgage? You must be a multimillionaire. Congrats

@webcompanion 3 года назад

The summers go by so fast, esp as you get older. Now you see as I see, we have less summers left in our lives than we've already experienced. Hopefully we get most of the remaining ones in good health.

@jdthompson5778 3 года назад

That’s great! Best wishes! Enjoy! Nothing like it!

@stevenk195 3 года назад

@@JesusEsDios007 Far from it. We saved heavily our whole life. Had medical issues, children, etc...you name it. We lost a house early on due to medical problems with a birth and vowed to never let that happen again, if possible. Bought our brand new home with cash 8 years ago. Saved 7 figures in retirement as well. Again, all staying debt free.

@kennethwers 3 года назад

Retired at 58 and now I can do gods work.

@ms8742 3 года назад

Amen brother.

@H2R5GSXR 3 года назад

We quit work 10 years ago. We liked our work but family history showed us we should quit early. Now I wish we had done it 15 years ago but had to wait for the money. We are now age 60 and 61 and glad we did things when we could.

@lindachandler5956 3 года назад

Investing is putting money to get more money back from the asset later. Speculating is looking at what the price is doing regardless of the business. Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!

@alvinthomas9769 3 года назад

Just recently got laid off and it feels like i'm beginning from the scratch, i have been researching on investing and I came across an investor on an internet radio who mentioned making well over $450,000 in 3months with an investment of $230,000 I'm a beginner and i really would appreciate any insight or clue on how to make good results

@jesskatherine945 3 года назад

@@alvinthomas9769 You should have considered an alternative source of cashflow way before now, it is called futuristic planning 🙄

@jasonlincoln7843 3 года назад

@@alvinthomas9769 well you didn't have to be mean about it. It is a good time to buy in on stock, so just buy in on stocks.

@jesskatherine945 3 года назад

As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financial consultant and within 2 years, I have owned 2homes in the United states and car dealership all with the an investment capital of $150,000 so it is best to invest with the help of a professional. A lot of successful Investors actually do this, but won't say.

@gillsjameson8260 3 года назад

@@jesskatherine945 tbh I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one that knows what he is doing. how does yours work?

@sassy8a944 3 года назад

Just retired in Jan 2021 after working 30 years for the state my husband retired 62 with a small retirement pension and SSA so far I love it

@KittKattBarr222 3 года назад

I don't think age is so much the thing but personal HEALTH. My husband is a 36 yr old disabled vet with a multitude of health issues and was forced into retirement 2 years ago. I am 35 with a probable MS diagnosis. All the things we dreamed of doing before our health took a turn are unlikely to happen or impossible. Now we face raising two children while trying to maintain as much of our mobility and health as we can. Never count on being healthy in the future. Enjoy life now, save for the future and retire when you can/want to.

@michaellarue93 3 года назад

If you are diagnosed with MS ask your Dr about Capaxone. My sister (now 60) was diagnosed 20 years ago at 40 years old and that drug has drastically slowed the advance of MS damage. They started as daily injection, now 3 per week. Very little MS related degradation overthe years. My sister has great quality of life and very happy with the results of treatment with that drug. Hope this helps.

@ddellwo 3 года назад

There is nothing sadder to me than the person who is lost without their 9-5 grind! My father-in-law worked for many years as a VP of Sales for Coca-Cola and was given a “golden parachute” to take his toys and go home in his late fifties when his local bottler was sold to corporate. The man spent the next 15-years rattling around his house with a beer in his hand and lost as could be! The only thing he knew was the daily corporate battle and had no outlet of any kind to fulfill his life once he left work! What a shame - what a waste of your time on this earth......😕

@svamandolin3546 3 года назад

I have seen this as well. Dont get your identity from career.

@johnconklin9695 3 года назад

I'm 50 now and I'm retiring as soon as I can, probably around 54.. I only have 2 more payments on my house. I'll sell that in 4 years and move to Sarasota Florida with my wife and son. Can't wait!!

@kennethwers 3 года назад

Make sure you have the years in for SS.

@DennisStonenightsky 3 года назад

I had not planned on retiring early, but I was offered an early retirement offer and took it. Never looked back! I was concerned about paying for health care before medicare, but so far it has all worked out.

@yt12363 3 года назад

Me too.

@instarding8376 3 года назад

Glad you're doing OK , @Dennis stone

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@KittyClark4433 3 года назад

Heres the number one thing. Be intentional about ur health so u can extend ur ability to enjoy the free from a job. Ur health is ur greatest assest.

@svamandolin3546 3 года назад

agree. I am down 100lbs at age 49. Switched lifestyle. I build things now as part time hobby business versus stressful and sedinatary corporate gig that paid so well for many years. Watching vids on the blue zones and the Greek guys in their late eighties hauling fishing nets, eating fresh veg, fish they caught, wine from their back yard, walking to and from the harbor. Lifestyle disease in modern times the biggest killer

@Retired-jr3qs 3 года назад

I retired 6 weeks after I reached my eligibility for a pension. I've never been happier.

@Retired-jr3qs 3 года назад

@C B I retired in 2019 at 56 years old.

@bruced.370 3 года назад

This video is one of your best Josh!

@instarding8376 3 года назад

Thanks Bruce.

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@LifewithCharlene140 3 года назад

I agree. I can retire at 62 and that will be 2 more years and I'm gonna do it.

@bernie9728 3 года назад

It's not a matter of retiring when you can afford it, but rather making sure you can afford to do it when you retire. Remember this important thing, It's not as important how much money you have. It a matters more how much you owe. Pick your date and set your plan to be debt free by that date. If you do that your operational budget should be handled easily with just your Social Security. That way you can spend your savings on fun stuff. Anybody who retires and gets bored that only means you doing "retired" wrong. The only good reason to work is because you need the money. You don't need the work, you need the money. Quit working when you no longer need the money. It's just that simple. 5 years retired and I'm having the time of my life. That said, knowing what I know now, I would have retired at age 55 instead of age 62.

@rileyshelnutt3143 3 года назад

I love it. You nailed it !

@scottrichardson3961 2 года назад

Hindsight 20/20

@skiplauderbaugh5058 3 года назад

Josh, It is hard to pull that retirement trigger and easy to fall into the “One more year syndrome “ - just keep working because it doesn’t require you to take any action. What people need to realize is TIME becomes the limiting factor, not how much money you need for retirement. If you are in your 60’s you only have 10 to 15 “active years” left when you can travel and do all the highly physical things on your bucket list. Every year you put off retirement is taking away a year from your active years.... Many people continue working thinking they have plenty of TIME left, and never have any “active years” for their retirement....

@williamd8886 3 года назад

Many of us find ourselves dedicated and loyal employees with a competitive spirit at age 60, only to find out our priority should have been on our health. Age, cholesterol levels, losing weight, diet, is more important than talking politics around the water cooler.

@ddellwo 3 года назад

@@williamd8886 - And no matter how “dedicated or loyal” you were, nobody will even think about you three months after you leave or even remember you three years after you leave! Waste as little of your precious sixties on what in reality is a mirage.....!!!!

@jdthompson5778 3 года назад

So very true!! “Extra” money that you will not likely ever spend is a high price to pay for extra years of healthy freedom an early retirement can give you. Worth so much more

@DD-vk5yy 3 года назад

I remember my grandfather working his entire life from the age of 9 to 65. Retiring at 65 having a stroke later that year and passing away. It’s also better to have quality of years in your retirement rather than quantity of in active wasteful years when you’re much older and cannot take care of yourself

@wakeup6910 3 года назад

@@jdthompson5778 Might as well spend it, if you dont somebody else will

@ChrisMFlorida 3 года назад

I'm looking to retire at 52-55... Eligible for a state pension at 52.

@michaelcurtis106 3 года назад

You know, when I first met my financial advisor a little over 10 years ago, he told me I could retire at 55 based on what my financial situation was at the time. (I'm in my late 40's now). I didn't believe him back then because I thought he didn't factor in certain things like the uncertainty of social security or the possibility of living 30+ years in retirement with a possible nursing home stay at some point. Today, retiring at 55 seems like a realistic possibility based on my current financial situation. I'm also more motivated to retire earlier than I originally planned for many of the same reasons that you covered in this video (i.e. politics, realistic life expectancy and quality of life). We don't know how long we are going to live or how long we will remain healthy enough to enjoy life. These are things that I didn't really think about until recently. Thanks for the video!

@serom1021 3 года назад

I actually think this is also speaking to the 35 year old. I'll be that age this year and I find that things like this motivate me to save a bit more now to be able to afford to retire a bit younger say more the 55-59 age range and be able to still enjoy a bit more of retirement life before hitting the age where people tend to slow down and not be able to do as much.

@instarding8376 3 года назад

Good Thought.

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@instarding8376 3 года назад

........ ᴡ=ʜ=ᴀ=ᴛ=ꜱ=ᴀ=ᴘ=ᴘ.

@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8.

@jdthompson5778 3 года назад

So true! You got it right! Set a goal and work to get there! Enjoy!

@mikeritter2651 3 года назад

4 more weeks to go,at 59 I'm done with plant manager for food company for 35 years,the fun and stress is over for me.time to enjoy,cant keep saying one more year.

@instarding8376 3 года назад

Congratulations on your decision..

@wakeup6910 3 года назад

Same here

@Sylvan_dB 3 года назад

You never know what you will be capable of, or for how long. Recently a gentleman came over to my wife in a parking lot to help her and her father transfer 50 pound bags of chicken food from shopping cart to truck. My wife is small (but fit and strong). My father in law has suffered some sudden and serious health issues, is physically deteriorating and looks "old." It turned out the helper, also fit and strong, was the same age as my father-in-law. You never know.

@dougb8207 3 года назад

Am I the only person reporting the crypto advertisement jerks?

@marlajames2376 3 года назад

8 more weeks until I leave my COJ!! 2 1/2 years earlier than planned. I can’t wait!

@richb1576 3 года назад

Good for you. Congrats

@NANCO1999 3 года назад

Congrats! Hope to join u in 32 months.

@terryadams1830 3 года назад

Congrats Marla! I retired two years ago and I'm having a blast! I'm sure you will enjoy retirement too.

@marlajames2376 3 года назад

@@terryadams1830 Congratulations to you too! I hope you have many happy years!

@christopherbaucom2871 3 года назад

Me too, Marla! Informed my boss a few weeks ago and gave my "official" notice this past week. To be honest, my job has become a lot less crappy over the last year plus, but my stress tolerance isn't what it used to be. The anticipation level is off the charts! :)

@t-squared6406 3 года назад

I still work and wish I could have retired years ago!!

@helomech1973 3 года назад

Hate working so far from home, but there is no way I can come anywhere close to my current pay and be home. Would have to take a 90% pay cut. Hoping to hang on 3-5 more years and quitting at 53. 47 now saving about 60% of my take home pay, plan on literally selling the farm and buying a sailboat to travel the world. Need enough money saved up to fill the gap from 53 to 59 so I can get my 401k. Going to run that as long as i can and then get on SS. 401k should easily last to 70.

@richarddombrowski5199 3 года назад

check out the rule of 55. My last day was March 31, best thing I ever did was a Roth IRA. I will turn 61 this June. Good Luck.

@helomech1973 3 года назад

@@richarddombrowski5199 Yes, but you have to be employed at the age of 55. I am doubtful this job is going to last that long, or that I can stand it that long. I plan on putting about 18k in my roth 401k this year.

@richarddombrowski5199 3 года назад

@@helomech1973 Brad an option might be if you start a lower stress job that has a 401K and then do a roll over into that, then when you turn 55 apply the rule of 55. as long as nothing changes between now and then, check out the small print for all the details as with everything. Good Luck.

@helomech1973 3 года назад

@@richarddombrowski5199 thanks, will look into it.

@QQQBall 3 года назад

Heritage Wealth should chime in here. Isnt it OK to draw down your 401k early w/o penalty if you follow certain distribution guidelines?

@chrisforker7487 3 года назад

I retired 3 years ago at 55. I loved the people at my job and liked the work, but the company was going to completely overhaul how things are done. I knew I’d be locked in for another 3-4 years to see that through and was not looking forward to it. I have zero regrets and tell everyone I know, having tons of money you’re never gonna spend is a waste.

@warrenwantoobe1267 3 года назад

Yep , I retired 26 years ago @ 40 and never looked back ! WINNING!

@andrewdiamond2697 3 года назад

I'm 56. I think I'm retiring once I have over $1 million in IRA/401k and $5000/month in income from paid-off rental properties. The rental property income can cover me until I can get Social Security. I'm not there yet, but I'm closing in on it. It's possible that I get there in the next 2-4 years and retire before 60.

@spain1998 3 года назад

I always assumed I would work until 65 or 70 or even longer. But my wife kept asking why are we both still working these high paying-high stress jobs? She kept saying if we worked another 10 years we would not be healthy enough to enjoy all that we had saved. So, we are both 57, and just quit our jobs at the end of February/First of March. We have the money saved and quitting probably saved my life!

@leschurchill804 3 года назад

I think when they wrote that article, they were thinking of me. I felt the same way. They were making so many changes at work, which were not in the long term employees favor, that it was no longer worth the effort. When I evaluated everything, I came to realize that all of our accomplishments were being chipped away, little by little with every new manager that they brought on board. Just this year, I heard from some of my former co-workers, that they stopped matching the employees retirement fund, and eliminated all rate increases, all of while they are going ahead with new construction. Well now the employees know where they are getting the money to proceed with the new construction. But they continue to complain about 'not having any money.' Ms. L. Churchill

@sbkpilot1 3 года назад

I'm 47, I will not work another day after I turn 50.. life is too short to keep slaving away

@instarding8376 3 года назад

You're right mate.

@dougb8207 3 года назад

@@instarding8376 I wish I was able to block all your crypto-currency adds permanently, than have to block them one at a time. You're ads are a pain in the ass.

@Flyinglawyer5286 3 года назад

Retired last August at 63 after one more yearing myself for 3 years. I didn't hate my job, but I was tired of working. Really love having time to do the things i had to put off while working.

@instarding8376 3 года назад

Glad you're doing OK mate.

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@instarding8376 3 года назад

........ ᴡ=ʜ=ᴀ=ᴛ=ꜱ=ᴀ=ᴘ=ᴘ.

@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8.

@jwdepriest 3 года назад

I needed this today, great video!

@markp.7165 3 года назад

Decided to retire about 2 years earlier than I had planned when our company was bought out and taken over by people from another planet.(Only Kidding) It seems like that is true but anyway I decided to get the heck out. We had been debt free for several years so that made my decision a little easier but we are thrifty people by nature. About to hit my six month milestone here soon and so far so good. Just a suggestion for those who might want to work a little part time. I found an Events Company that lets you pick the kind of events and when you want to work. Want to take two weeks off just don't signup to work for those two weeks. We work mostly college sporting events so the summers are pretty wide open. You don't get paid a bunch but I have enjoyed the social part of it with other folks just like me. Just a thought!

@rayanderson3164 3 года назад

4 more years of The COJ and I'm done at 55. Medical and out the door!! Thanks Josh for reaffirming peoples gut feelings about what it really takes to just walk away and gain your life back while you can still enjoy it!

@claudiaaguilar6845 3 года назад

"Three score and ten is man's life; a bit more if by reason of strength" -- Psalms 90:10 (song of Moses)

@instarding8376 3 года назад

Agree with you @claudia

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@uncareid5557 3 года назад

Well, it says 80 years by strength. But the guy that wrote it died at 120, and that was because God took his breath away. His eyes were not dim and he was strong. I think Moe got a boost from all that manna. My mom almost made it to 94. I expect to hit 100, perhaps even 111. My brother just quit working at 78, and not because he wanted to, his quitting prevented the layoff of younger men with families.

@harmgregory4560 3 года назад

LoL. "three score MINUS ten was what lucky people made it to in biblical times.......

@GrnXnham 3 года назад

So they would have retired 4 years earlier IF they could have had the same financial security. LOL! No kidding? I would have retired at 18 IF I could have had the same financial security as retiring at a later age.

@carlosmendez1884 3 года назад

I'm trying to retire by 35 (30 now). The only way to do this seems to be to leave the country. I'll be working on my passport this week.

@james5460 3 года назад

AbsoLUTEly! No matter how "fulfilling" your job is, it's just a job. If it's so much fun, then you can keep doing it after you retire and aren't being paid for it. Yeah, fat chance, right? So, retire and enjoy your life for a change. It's wonderful!

@christopherhennessey8991 3 года назад

I agree.Did it 7 yrs ago at 55,claimed Social Security at 62 last year.

@cutehumor 3 года назад

I plan on doing the same. Rule of 55 401k withdrawal, social security at 62, hsa at 65. 401k drawdown 65 and up and RMDs 72 and up. Let the roth ira and taxable account compound

@christopherhennessey8991 3 года назад

@@cutehumor Good for you on rule of 55.I have been passing that info to friends. I have an RN pension that I began receiving at 55, 457 B money from deferred retirement,Social Security benefits supplement my pension nicely.

@svamandolin3546 3 года назад

@@cutehumor my plan similar. I am 49 now.

@CB-fs5hf 3 года назад

I turn 40 next week. 5 more years and I am done! Off to climb mountains in South America.

@instarding8376 3 года назад

Wow, nice mate

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@instarding8376 3 года назад

........ ᴡ=ʜ=ᴀ=ᴛ=ꜱ=ᴀ=ᴘ=ᴘ.

@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8.

@kevinr8336 3 года назад

65 for me, 3.5 years away. Put wifey on Cobra for 14 months until she reaches 65 after retiring. SS with spousal benefit kicking in after she turns 65 will equal our monthly expenses. Plenty put away too so we'll have it pretty good financially.

@instarding8376 3 года назад

Quite a good strategy @kevin R

@instarding8376 3 года назад

Yo can as well diversify your stream of income by investing in cryptocurrency like i do.

@instarding8376 3 года назад

........ ᴡ=ʜ=ᴀ=ᴛ=ꜱ=ᴀ=ᴘ=ᴘ.

@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8.

@markwilliamson4834 3 года назад

Good to hear a professional talk about the OBVIOUS (to me) elephant in the retirement "room". Managing the combination of aging, desire, and ability.... NOT MONEY. Wealth professionals preach pushing retirement until 67 or later. I don't get it.

@July.4.1776 3 года назад

My wife wants me to retire. I don’t hate my job.I have been taking more time off. Inching my way closer everyday. My heart rate drops on my days off and my job is not stressful.🤔

@instarding8376 3 года назад

I hope you make the best decision mate.

@stephencullum8255 3 года назад

My wife pushed me to pull the trigger and retired. Dude she gave you a great complement. She wants you with her not at the job. The people I know who retired from my former work became more healthy and seem to become more alive.

@July.4.1776 3 года назад

@@stephencullum8255 Thanks for the input!

@jayholiday256 3 года назад

Josh, can you crunch my numbers? Was thinking 62, but at 59.5, I’m feel ready.

@jayholiday256 3 года назад

@Beelzebot He charges, if it’s free, you’re talking to a annuity salesman 😝

@alvinadcock5346 3 года назад

Is it beneficial to retire at 63 with $640,000 in IRA and not take SS til 65-67?. Owe 25,000 on house at 750 month. No other debt.

@james5460 3 года назад

Why not? I'm going to wait until I'm 70 to take SS and pay my own way until then. Maximize the amount I get from the government every month with certainty. Stay out of pocket as long as possible or until age 70, whichever comes earlier. You'll be so glad when you see those big SS checks every month.

@joethecomputerguy1 3 года назад

52 was as soon as I could afford it. Was also a good age IMO.

@pnwrendezvous3751 3 года назад

OR...have a job you love and would do for free, but charge.

@stephencullum8255 3 года назад

Good advice. I like what I did but hated the snake pit of office politics which are particularly bad in government jobs. Retired a few months before my 63rd birthday. I am glad I did.

@scottrichardson3961 2 года назад

Snake pit of office politics.....classic!

@rooneytunes9712 3 года назад

I’m 19 joining the AF gonna do my 20 and get the beep out lol hopefully age 39👍

@mikehascats26 3 года назад

eat at the DFAC 3 times a day. get a cheap used car. keep adding money to TSP index funds every paycheck

@SilverTurtle65 3 года назад

When I turned 40 15 years ago, I sold my t-shirt business moved to Costa Rica and almost married a stripper. Looking back on it now it was a great time and no regrets.

@HeritageWealthPlanning 3 года назад

What are you doing now?

@angeloa7370 3 года назад

It’s easier to convince yourself to retire if your concerns are financial. The real challenge is overcoming the emotional part.

@instarding8376 3 года назад

Yea, you're right.. The emotional part plays a major concern.

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@instarding8376 3 года назад

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@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8.

@mrjones4249 3 года назад

I must be odd because I'm emotionally ready to retire but not financially..LOL

@clnelson321 3 года назад

I worked with a guy that kept putting off retirement, but finally did at 72. He had plenty to go much earlier, but was greedy. A week before he retired, he slipped on some ice and got a closed head injury. He never got to enjoy 1 day of retirement without serious health issues. Not only did he not get to do what he wanted, his wife was saddled with huge taxes and couldn't enjoy a healthy retirement, either. I think you know the moral of this story.

@Slowhiker-xw2kp 3 года назад

Best thing that ever happened to me, was when the board at my COJ forced me out at 56. Twelve years later I have never looked back and personally thanked them after one year of my termination, which coincided with the the end of my sweet severance package!

@harryinoklahoma1866 3 года назад

I retired at 58.and I'm glad I did. A retired Dr. gave me advice once and that was "Don't retire". Don't know what his issue was but I'm glad I didn't take the Dr.'s advise.

@instarding8376 3 года назад

Glade you made yours.

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@davewebbtheauthor 3 года назад

@@instarding8376 Is there an easy way to invest in crypto, like for people with no knowledge of it? Also, do you need to earn a wage in order to invest according to IRS rules? Thanks if you can answer and Happy Easter.

@instarding8376 3 года назад

@@davewebbtheauthor yes there's always a way... Contact my trading manager via whatsapp with number above

@andrewjackson9697 3 года назад

What percentage of men do not retire because their spouses threatened them with divorce if they did retire.

@Skott62 3 года назад

The problem I see is that gap between 62 and 65. You can retire early SS at 62 but you can't get Medicare coverage until 65. So for that 3 years if you need good health care it will be expensive because you may well have to pay out more for health care coverage until you can get that Medicare coverage. For me that's what I worry most about. I can continue to keep my employer's health care plan, which is better than most anything else I can find (its far better than Obama Care and Trump Care), for the wife and I but at a cost of $1200 a month. That's a lot. $14,400 a year and over three years $43,200 out of pocket just for coverage. I got to figure out how to bridge that gap (62-65) inexpensively. The wife and I have health problems so going without health coverage is not an option.

@cutehumor 3 года назад

Roth IRA do not count against obamacare as Income. I find in my area, people can live off of cash savings and roth ira, and draw 30k ira. Premiums are 250 per month on silver plan. I would research where in usa has cheaper obamacare insurance. It's based in where you live and your income

@stuartclubb4302 3 года назад

The secret in the bridge years is to look poor, but earn just enough on paper to qualify for Obamacare subsidies.

@martinshelton1247 3 года назад

55 is the magical number if you can retire. After 55 you gambling your last phase of life down the drain. 55 retired you are still young enough and physically enough to enjoy retirement. What the purpose waiting longer when you probably not able to do much doesn’t make sense. Talking to peoples who had made decent income. This is not for peoples who just scraping by will not be able to do much!

@brucesmith6868 3 года назад

Thanks Josh looking forward to it

@roberts1159 3 года назад

That’s so true about your window of good health and enjoying those years while you can. Even healthy people decline past 70 years old like you had mentioned. Hard to accept this but it’s just true. That working until 70 is just not worth it ! Life is to short..

@captainnitrousx1331 3 года назад

I am drawing my State of Florida Pension now but will be retiring with social security at 62 this December because I want to enjoy life. Yea I am not going to work longer until 67 so the government can cut my check 24% in 2034 or sooner.

@Columbus1152 3 года назад

Click bait for cryptocurrency scheme?

@dougb8207 3 года назад

Sadly they're everywhere.

@OnmywaytoFI 3 года назад

Great video. I am 40, spouse a year younger. We are on the path of retiring at 55 with our kids out of college, hopefully, a few years after that. I understand the need for purpose when you get up in the morning. Just not the desire to work til you die. The most important thing I have seen with my parents and others in their 60’s and 70’s is health. If you do not have good health, the years are tough no matter if you are working or not. Get busy living or get busy dying!

@kennethwers 3 года назад

Make sure you have no zeros in your SS account file before you leave the work force.

@scoobedoo5243 3 года назад

@@kennethwers meh, I'll have a few if my current plan works out. But the difference will be small enough that I won't miss it.

@caljn1 3 года назад

We will never be truly "free" in this society while we are shackled to a job for the health insurance. Retiring before Medicare is quite expensive...and rarely discussed in these retire early vids.

@Bob-yh7ir 3 года назад

If you have some cash reserves and don't need to take large chunks out of IRAs, etc, then you can get on ACA for next to nothing (stipends if you make below about 65K for a couple ). Then in high pull down years, go get some private insurance and bite the bullet until you can cruise into medicare.

@caljn1 3 года назад

@@Bob-yh7ir Nope. Universal health care will set us free as well as expand the possibilities in peoples lives and thus the economy. And ACA is not cheap as the republicans have cleaved away at it over 10 years.

@richb1576 3 года назад

Im one of the lucky ones who have a pension thru a BOE job. The earliest I can collect my pension is 60. Thats 5 years away. And thats my exact plan. Ill take my pension. Do something I like PT and possibly delay SS until FRA. Depending on the numbers. Like you said. Why stay in a COJ longer than you have to.

@instarding8376 3 года назад

Of course you're lucky @Rich B

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@instarding8376 3 года назад

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@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8.

@bryanwittenburg7171 3 года назад

What would you tell me to do? I’m 52 years old, a truck driver and I just started saving for retirement this year. We rent and plan to buy a house when we are debt free in 18 months. Wife can’t work due to health issues. Thanks. Love your channel

@instarding8376 3 года назад

Sorry for your wife's health issues.

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency.

@instarding8376 3 года назад

........ ᴡ=ʜ=ᴀ=ᴛ=ꜱ=ᴀ=ᴘ=ᴘ.

@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8.

@dougb8207 3 года назад

Debt-free is a good start. I'm thinking pay off the mortgage in 15 years, working until that's done?

@davidhankins5708 3 года назад

You've got it right on this one Josh! Drive a truck for a living, see too many old guys out here still driving at late 60's and 70's. I feel for them! I'm 58 now, driving for 26 years. Just watched your 4 quadrant retirement video, have 2 your set, pension and no Debt. Great video! I'm retired Air Force Reserves, 2 years till pension and house paid off in 4 years, that's my retirement date. Can't wait! Take care and thanks for the videos!

@timothykeith1367 3 года назад

When I "retire" I might drive a truck part time. One week on, one week off. There aren't many jobs that older people can do. As long as they can pass the DOT physical and have a good driving record - pass the CDL, trucking can bridge the gap. I don't think a younger person should do trucking long term.

@kevinbrewer1399 3 года назад

@@timothykeith1367 I agree, commercial driving 31 years, will do part time for different owner operators. Not recommended for anyone to start out in! Kevin

@hotrod3769 3 года назад

If you can have your house paid off and have no debt that's the best headstart. Healthcare becomes the biggest expense before Medicare kicks in.

@instarding8376 3 года назад

Agree with you @hotrod

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@instarding8376 3 года назад

........ ᴡ=ʜ=ᴀ=ᴛ=ꜱ=ᴀ=ᴘ=ᴘ..

@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8...

@mike6572693 3 года назад

Retired 7 years ago at 60.5. I'm glad I was able to work and invest for retirement. I'm sure I could have stayed on and die of a stress related disease if I had wanted to.

@evargas9579 3 года назад

Retiring earlier next year at 55 years old moving south

@1timby 2 года назад

I have some serious heath issues & being frozen out by the age discrimination crowd. It seems the only lawful discrimination still allowed in the US. But I digress. I'm glad I put a goodly amount in a great Annuity that will pay out in a few years when the wife retires. Especially since Wrong Way, Biden took office. The annuity hasn't lost a dime through the recent crashing of the economy. It will outlive me. BTW, I believe that we will be able to live off our SS without touching our retirement accounts. Unless Biden destroys the economy & we all are living under a bridge somewhere.

@steveo601 2 года назад

All of you who were able to get out last year congrats. The Nasdaq may be headed for a 50 percent drop. 401k’s being obliterated. The S&P also tanking

@scottrichardson3961 2 года назад

Hey I ONLY have 500k, single with no debt....can I retire? Lol

@TucsonArizona 3 года назад

Interesting content here. Good points. Thanks for sharing!

@barfieldfinancial6718 3 года назад

That’s true for all of the FERS clients and coworkers I have. They all say it is great and if they have any regrets it is that they would have gone earlier.

@scottrichardson3961 2 года назад

I was in position to retire early because I am single, plain and simple

@drdotter 3 года назад

I'm retiring at 56 from Federal Gov't employment, basically to get the Gov't to pay my exwife's alimony. Even with her taking part of my pension, I will still have more net spendable income than with my regular salary minus alimony. I workout a lot, eat right, and am healthy/fit. I can't imagine working another 10 years or so, just to die 5 years earlier, and miss out on the best 15 years of my post retirement life. Even if I work part time, I'll still have plenty of time to play, travel, and enjoy life to the fullest. The best part; not having the miserable dead weight of a lousy wife around!

@scottrichardson3961 2 года назад

I can relate i lost half my s#%t back in 2007!! Stayed single ever since!! Lol

@stephenmerrick3189 3 года назад

For many years, I thought I had to work until FRA (66 for me), for no other reason than it seemed like the responsible thing to do. At age 63, I met with my financial advisor and he demonstrated that it was feasible for me to retire immediately. Two months later, I said goodbye to my career and have had no regrets. My wife and I are living comfortably. I have taken a few temporary jobs over the past four years and have enjoyed them. I am currently working three or four days a month as needed, which is perfect for me.

@instarding8376 3 года назад

You can as well diversify your stream of income by investing in cryptocurrency like i do.

@instarding8376 3 года назад

........ ᴡ=ʜ=ᴀ=ᴛ=ꜱ=ᴀ=ᴘ=ᴘ.

@instarding8376 3 года назад

.... +=1=5=7=0=5=2=1=3=1=4=8.

@alslough6814 3 года назад

Great if you can determine it correctly

@scottrichardson3961 2 года назад

Shoulda, coulda, woulda....lol

@DD-vk5yy 3 года назад

This is a serious question for those of us that don’t have a guaranteed pension. It’s always a tough decision when deciding when to retire with a certain amount of money to live on.

@blackworldtraveler3711 3 года назад

I never included social security and pension in my retirement planning. Was not going to be dependent on these two benefits and allow them to dictate when I retire. Retired 15 years early last May with zero debt. It's just gravy now compared to my other finances.

@johnstamm6035 2 года назад

Life's short enough

@cmbooks2000 2 года назад

You are so right. Unless you were so eff'd up in your 20s to 30s your 40s are about as good as it gets physically. I had a series of jobs I did like like throughout my life. As soon as I approached 60 I started paying off everything, home, vehicles etc and at 62 I baled out and have not regretted it one minute. Thank you for providing helpful information

@Calventius 3 года назад

I am 64 and want to work several more years until I can max out social security. I sure am worse at 64 than 55.

@Robw1960 3 года назад

You do realize that if you have 35 years of earnings that working longer doesn't increase your SS by that much? Unless you had work gaps, had very low income in many years, or have less than 35 years of earnings, continuing to work will not make much difference in your SS payments.

@Calventius 3 года назад

@@Robw1960 All of the above!☺

@Robw1960 3 года назад

@@Calventius Gotcha. Lots of people don't understand this. As a matter of fact, Josh has done a couple of videos on this subject.

@normbograham3 3 года назад

Our neighbor complained because she retired too early. She burnt thru all her savings. Her social security would have improved with a few more working years, etc. she is the ONLY person I have ever heard, say, they retired too soon. She now has rented a room in her trailer, to another elderly woman, complicating her drama.

@huskerjpg 3 года назад

I bailed 3 years ago at 56.5. No regrets. Finances good (so far). Do it if you are willing to accept the risk things might go south. Of course, things might bo south while you're employed, too.

@SantaBarbaraAlberto 3 года назад

I did retired as soon as we could.....

@douglasbrinkman5937 3 года назад

retired at 45. that was 12 years ago.

@dougb8207 3 года назад

And how's it going?

@douglasbrinkman5937 3 года назад

@@dougb8207 doing fine.

@rozinant1237 3 года назад

My defined benefit pension plan pays $500 a month more for every additional year I work. I am planning on another 2 years, even though I could go now. That’s 1K a month or 12K a year, that extra 12K puts me in Europe for at least a month every winter. Why o why would I pull the pin now? What, short of getting hit by a bus, is going to stop me from enjoying Europe if I wait 2 years? If I am able to walk, I’m still good to go. Put another way, I would have to save an additional 240K in assets, paying out at 5%, to match that kind of income. Dang right I’m staying.

@stevejohnson2108 3 года назад

I could not agree more. I am still kicking myself I didn't retire at 52 as I wanted, but I still had my kids in HS. Then instead of retiring at 56, I said well let me wait until the kids are out of college. Finally retired this February at 58. Planning at least 2 cruises a year, living in Europe 5 months out of the year and every xmas we go to Cancun. Next up learning about sailing and boats. If I have to give one peace of advice, retire debt free including no mortgage.

@scottrichardson3961 2 года назад

Covid insanity made my early retirement decision much easier

@scottrichardson3961 2 года назад

No jab no testing

@samsonnight2747 3 года назад

Health Care? I am Canadian.

@kennethwers 3 года назад

Just make sure you have no zeros in your SS earnings file.

@uncareid5557 3 года назад

You can say that again! When we lost our jobs my wife's salary was higher than mine, but my benefit is over $1K more at FRA because she had years of zeros while she was raising our children.

@anthonymaglione8593 3 года назад

I’m not qualified yet by age as I still have five more years to work to qualify by age. I have the years of service, not old enough though. But my plan is when I qualify at age 56 and 10 months, I will retire. That’s why I start planning my retirement 5 years before I turn 56. It makes sense to me because when I turn 56, I will have 35 years and a few months of work service. The 5 yr gap between age 57 and 62 will only add a few bucks in my social security benefit. Not worth for me if I work until 62.

@billyoh1966 3 года назад

I hit 55 in April and have my combined 85 number which is needed to retire. My wife has 4 more years to work, not sure I'm going to keep working or not?