You two are directly responsible for helping me decide to retire. James: I learned how to calculate how much I need and figured out that I had enough to retire and not go broke. Joe: I never heard of NewRetirement until I watched your videos. With NR I have the confidence to know I can retire and I can tweak my financial plans and quickly see how they will affect me! THANK YOU BOTH! Paul in Hillsboro Oregon retiring April 5, 2024!!
James i love your wholistic approach thanks for introducing us to Joe. After spending hours crunching numbers and learning about sequence of returns Joe has given a great perspective on the qualitative part of retiring. Best Peg from Alaska
Nightmares: My first year into retirement I had a job-nightmare every month. In it, I would be doing my job and messing it up. In my dream, I would say, “This is a big mess AND I am not even being paid for it anymore!” I retired at 72. I fell into the “just one more year” trap for a few years.
Great video! I recently retired age 56 and completely agree with the stress issue. Worked Union sheet metal mostly as an estimator and project manager. Great companies and really good job. BUT, after a few weeks or so into retirement I had no idea how stress was actually affecting me. Now I get better sleep, workout 2 hours a day and enjoy learning guitar. Looking forward to getting some vacation planned and spending more quality time with my wife
First days of retirement is like floating in zero gravity…so cool bouncing off the ceiling/walls…then you realize you’ld better tie yourself off to something(hobbies etc) or you’ll float away 😂 love both your channels, can’t get enough…thanks
James and Joe are two of the best on the subject of retirement. Please, more specifics: What salary, did wife continue to work, health care, portfolio, projects?
I watched way to many say one more year and stay too long. My coworker said one more year at 63 and never made it you never know how long you will have good health. I swore to not let that happen to me. I want to stop trading time for money so that’s exactly what I am doing. How many quality years from age 60 to age 80 🤔 I have had great bosses and for the most part enjoyed my job till this past few months. I knew it was time with a new boss, and I didn’t need to put up with anymore DEI corporate training etc.
Great vlog with the two of you! I am 58 and will retire within the next 1-2 years. Getting all my ducks in a row, but know I need to do this and can do this and I have enough to do this.
My husband and I LOVE both of you. You both have been so encouraging and helpful on RU-vid. Joe, you are INCREDIBLY blessed to have that retirement group. At this point, we don't have that. The friends we know who are retired do not have good financial sense, and we would not choose to confide in them or ask them for help. Maybe the Lord will provide that in the future. You two are the BEST out there on RU-vid on the topic of retirement.
Had to do a double take when I saw James and Joe’s name popped up. Always watch you both and amazed what I learn from each of you. Keep up the great work.
I'm sick of spending the golden hours of the day sitting at my desk. When I see the sun shining on a glorious summer day, it kill me to be trapped inside. I think freedom is not too far off for me. I've got the money, now I just need the courage.
I drive a Honda Pilot with 255,000 miles on it. Retired at 54 also. Best thing you can do if financially able is to replace money with time. You can’t take it with you. I will turn 62 this year. Never did any work once retired. Did what I wanted - loving life. Never looked back.
Great collaboration gentlemen!! Watch both your channels, retiring early January. I took a week off over thanksgiving for a “staycation”………for the first time I looked at my wife and told her I don’t want to go back on Monday. Y’all have a great day!!
Retirement; I recommend it to anyone who is interested 😊 I watch both your channel’s. I retired in 2017 at almost 56. One item I recently woke up to is the RMD on my IRA and taxes. I’m meeting with a financial advisor next week; I recognize i need to make some adjustments to my plan because of listening to you two gentlemen. Thank you 😊
I'm getting ready to retire in a few months (career federal employee) and I have spent countless hours watching RU-vid videos on early retirement. Your channels are two of my favorite RU-vid subscriptions - I always learn something new or see/hear something thought provoking. Great interview! Thank you both for what you do to help other navigate the process of retirement planning and life after retirement!
I listened to this podcast many months ago and couldn’t resist listening again. I am retiring soon and it’s 50/50 whether I go with James and Root or the DIY route like Joe. Bottom line… these two guys are great!
I'm 64 my experience and friends experience is things start breaking healthwise in 60's so retiring at 50 is a good move. There's a reason people retire at 65.
Wow so great to have two of the best of the best Retirement RU-vid experts collaborate on this tremendous video. I got many key points and inspiration from this fantastic discussion!
Fantastic interview. I’m preparing to retire in the next couple of months at 64 and this helped me go through a lot of the issues that come up. Thank you.
I listen to and have benefited from both Joe and James’ YT channels. My wife retired in June 2023 and I retired in September 2023. We are 58. Loving retirement in Hershey PA! Roth conversions will start next year. Thank you both for sharing your knowledge and experiences.
SPENDING: I keep it simple: $1K a month in cash, auto-pay bills, and charge everything else. I pay off the CC in full every month. I see if my bank account is going up, down, or steady. It has been going up slightly.
Love this. I am currently 54 planning to retire at 64, but I'd love to retire sooner. Problem is, I have a lot of expensive plans for retirement that will require ample financial resources. I have deferred a lot of expenses (new home, RV purchase, etc) in order to save more for retirement and I am doing well in that dept, but the trade off is not being able to enjoy those things until I am much older. Fortunately, I am in excellent health and I prioritize maintaining that, but there are no guarantees for the future.
Hi James, I have been watching your RU-vid videos for a year now and like what I am hearing. I’m at that point in life now where I want to retire but have some fears….how should I go about talking to someone like yourself or someone in an another financial group…Mr. confused.
Facing the unknown can be scary, but your decision to retire at 54 and dive into reliability and maintenance consulting is awesome! Your idea of retiring to something, not just from something, totally clicked with me.
Loved this episode. I’ve been tracking James and Joe for the past month listening and learning. Both guys are great and have knowledge/wisdom to share. Listen in!
We just became clients of Root Financial with JT and are extremely excited to work with a company that has such thoughtful leadership. James you are doing a fantastic job with your company’s culture and we appreciate your videos.
Thank you both for the discussion. James, you asked good questions. Joe had a good concept. Think about how long you and your significant other will be physically active. If the age is 75, how many more years does that give you to go and do. As humans, we often forget how much our physical abilities change within 3 to 4 years, let alone 10 to 15 years.
My Problem: My wife and I have much different POV’s. She just wants to stay home and spends hours playing computer games. I am an outside guy who would love to travel.
Have you considered renting an RV for a few weeks? You would be able to travel and she could bring her laptop and play her games, lol. Would not be any fun for me on either count, but might be a trial compromise for you two.
yeah I transitioned , at 48 I became a relief fill in play work guy. Nice being able to get out and not care guy. I looked forward to it…. and realized around 55 that I was also topping off my SS . getting rid of a few zero’s on your SS record is big. Just a little payroll turns a zero year to 90% theres socialism in SS…..
Joe seemed to have enjoyed it! You should mention your podcasts more often, I listen to them while driving in both vesicles. They're quite good! I use USB sticks but any phone can play them and usually has a place to plug into the sound system in most vehicles.
