The 4 Phases of Retirement: Advice All Retirees Need To Hear (With Dr. Riley Moynes)

Подписаться 114 тыс.

Просмотров 27 тыс.

50% 1

➡️The four phases website: thefourphases.com/
➡️Dr. Riley Moynes Ted Talk: • The 4 phases of retire...
➡️Our financial planning services: www.parallelwealth.com/planning
In this video we welcome Dr. Riley Moynes to the channel, the author of "The Four Phases of Retirement: What to Expect When You're Retiring." We discuss the psychological challenges many retirees face, and how you can overcome these challenges to live a fulfilling retirement.
If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your retirement plan on track.  You can learn more about our services at www.parallelwealth.com/planning
Financial Resources I personally recommend:
➡️Retirement Income for Life: Getting More without Saving More (Second Edition): amzn.to/3tvIdVN
➡️Parallel Wealth Masterclass: www.parallelwealth.com/education
➡️Future Value Calculator: amzn.to/3EA6Qqv
➡️Neo Mastercard - no annual fee and average 5% back! - join.neo.cc/parallelwealth
➡️Free Credit Report with Borrowell: bit.ly/borrowellPWFG
➡️Maximize your Savings with EQ Bank - bit.ly/EQBankPWFG
The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personal vetted each product and service we provide links to.
OUTLINE
0:00 - About Dr. Riley Moynes
3:54 - Phase One
5:14 - Phase Two
7:45 - Phase Three
8:56 - Phase Four
9:37 - Misconceptions About Retirement
11:30 - The Importance of Community
13:00 - Practical Steps To Living A Fulfilling Retirement
15:39 - Balancing Relaxing With New Passions
18:32 - Personal Stories
This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
-----------------------------------------
DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

Опубликовано:

27 июн 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 104

@larrykaberga5453 6 дней назад

Fishing, playing chess at the local club, golfing, taking care of grandkids, looking after my 4 dogs, walks with my wife, cooking and teaching math at my community centre. I did not retire yet but I am ready for phase 3.

@maxpayne7419 3 дня назад

I worked for 30 years. I didn’t worry about the phases of work life. I just got the job done. Retirement is absolutely fantastic so far, and I’m not obsessing about what phase I’m in or what phase is coming. Just enjoy time freedom!

@sylviemorissette7668 4 дня назад

The best thing you can do at retirement is take care of your health by doing good weight bearing workouts to prevent loss of bone density that always happens with age. Thank you for your great work Adam 😊

@tanyaldutton 4 дня назад

As a physio, agree 100%

@edesouza2279 4 дня назад

I do retirement my way. I am 12 years in and I am breathing easy every day all day. I don’t need a guide or a road map for living. It’s living according to me.

@d.b.t.1696 11 часов назад

I like this mindset, exactly how I feel...a few years of working to go.

@danieltaylor3396 5 дней назад

Best thing about retirement=afternoon naps.

@ParallelWealth 5 дней назад

💯

@Chap17 3 дня назад

And those naps r good for your health

@bobdrago6965 3 дня назад

As long as we wake up! Lol

@PianoBoy99 3 дня назад

@@bobdrago6965 So true. I work 50 hours a week (not retired), and I find my mental acuity isn't what I would like it to be in the evening. I imagine retirement allowing me to be focused and productive in the morning, nap in the afternoon, and focused and productive in the evening. A structure I expect will be more effective to me as an (increasingly) older adult, but not something that the current full time job really would support.

@PierreL-he7ih 6 дней назад

My wife and I retired 4 years ago at 56, right before Covid hit. We had actually been planning it for a few years, so we knew what we were going to do. No phase 1 or 2, phases 3 and 4 were intertwined for a year or so. Now fully in phase 4, and happier than ever.

@Christine-tc1vg 6 дней назад

I retired 21 days ago...so far, so good!

@rnish2958 2 дня назад

Enjoy. Retired in 2018.

@jo2674 День назад

Me too 1 month

@alljunk4824 5 дней назад

The working class has been trained for generations to work and then die.

@cathyphillips679 4 дня назад

Oh please.....this is not true for everyone. I retired in 2016 with a very low income. I had planned for this and am set up in affordable housing and getting along just fine. I did go on a couple of roadtrips across Canada right away. Then came home and volunteered and got involved in my little community. Ended up busier than when I worked! Hated it. Luckily (lol) covid came along and shut everything down. Then realized that I don't need to do my retirement the way people say that I "should!" Am totally enjoying my laid-back retirement. One or two roadtrips a year, lots of camping and hiking, walks with the dog, lots of time to workout....very few social commitments and lots of time to spend with kids and grandkids. This is my perfect retirement. I wake up happy each day.

@garth217 3 дня назад

These videos are not supposed to fit everyone, they provide incite to possibilities. They frequently don't fit my situation either, but I do learn something.

@brassj67 5 дней назад

I think everyone is different. Some are going to get bored of the go=go phase really quickly and others are going to embrace it with health and finances being the only obstacle. I think their has to be a balance between the 4 stages where you are preparing yourself for each phase. I think the slow-go is probably going to be the most challenging and you need to think carefully about what that is going to look like for you. I have many interests and I think it would be almost impossible for me to be bored

@angus7278 4 дня назад

Most people I know who have retired have never volunteered, never started a part time job, never taken up a new hobby, never started exercising regularly, never taken courses to learn something new, and barely travelled. Basically just living life like it was one long weekend - and maybe that’s exactly what they wanted?

@Clover12346 3 дня назад

I worked as a nurse for years I’ve done my service!

@PianoBoy99 3 дня назад

I think a better way of saying it is that there are people who produce, and people who consume. In retirement you can only consume for so long before you feel hollow inside. At that point you need to produce. That's not quite the same as serve, but could include it. For example instead of just going on an endless vacation, start a business of taking small #'s of people on curated tours to your favorite vacation spots. Or travel writing, photography, etc. Something where you are producing something. That's his point I believe.

@garth217 2 дня назад

Retired Cop of 30 years. Thank you for your commitment as well.

@danbarrett6387 5 дней назад

To each their own always. Remember this always..This is just another opinion.No.more. No less.

@CatherineWilson8 День назад

My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means.

@KevinClarke9 День назад

Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

@ScottArmstrong12 День назад

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

@CatherineWilson8 День назад

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

@KevinClarke9 День назад

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@CatherineWilson8 День назад

Carol Vivian Constable is the licensed advisor I use.Just research the name. You'd find necessary details to work with to set up an appointment.

@deb.m.7458 6 дней назад

This is an important video and creates a ‘Whole Life’ retirement plan. I know people who have retired with money and lack a sense of purpose in life. Be of service, live your passion.

@garfieldirwin 6 дней назад

Best "retirement phase" overview I've see -- thanks for doing this Adam & Dr. Moynes.

@danbarrett6387 5 дней назад

The problem is most people over 65 feel their life is ending soon and have a need to pass on their knowledge..all fair and good but they tend to be know it all's, don't listen at all and just never shut up...if you didn't know how to live before retirement, it's just sad. Just freaking live people. You can die any day and will.

@neilrankin9945 6 дней назад

Lovely interview! Thanks Adam!!!

@JakeNorth24 День назад

Thank you for this Adam, Dr. Moynes, and Team! I was thrust into retirement due to health issues and in my first short year of ‘retirement’ I’ve gone through almost all of the steps and topics mentioned in this conversation. Everything from loss of routine, social connections, depression and out the other side. We all experience retirement differently and this conversation has shone a light on some common aspects we may share other than financial which gives validity to what ‘Normal’ may look like. Thanks again for all the valuable work you do! Much appreciated.😊

@peace44225 6 дней назад

A very informative video to help navigate this new phase of life. Thank you!

@drewski5150 6 дней назад

Great video. Retirement still around 20 years off for me, and this gives me lots to think about and prepare for.

@robertdewalt8711 6 дней назад

I will be starting a mobile knife sharpening business that will be part time during my remaining work years. But once retired I will do more often. I find knife sharpening relaxing. I can make knives very sharp.

@murraytown4 6 дней назад

Always pertinent. It’s not all about the money.

@Devilcity6275 3 дня назад

It is a Vacation based on your Plans and how you can manage your finances. 🎉

@Buy_YT_Views_867 6 дней назад

Keep it going, loving it!

@gardenpost1 6 дней назад

Thank you for this Adam. I have been following you for quite a while now and of course with you being a financial expert you have amazing insight with a lot of great ideas and advice. I am so happy to see you also share this side so thank you so much. My money won't help much on the day I wake up and feel lost, lonely, and miserable. All these tips give lots to think about and plan for, so those days won't feel so bad knowing I have a plan in place!

@ericag2233 6 дней назад

Awesome advice.

@carloscanizares4699 6 дней назад

Thanks for this, and such an interesting watch. As someone looking to retire in a month at 42, this gives me a lot of food for thought on the bigger picture.

@GaneshD123 5 дней назад

Excellent content, great advice!

@jankowalski-et6xc 4 дня назад

I know a lot of women that never really worked outside the house. And are "retired" most of their life. ANd they are fine. They are not depressed. Why should we - working people worry so much about this then?

@wyleecoyotee4252 2 дня назад

All the women I know have worked and have well paying jobs. It's only the very elderly ones in their 80's that might have not. I don't know any women that don't work.

@paulraftis7063 5 дней назад

Thank you Adam for this awesome content!

@ParallelWealth 5 дней назад

My pleasure!

@melodiemcclure2051 5 дней назад

Everyone of your videos has been so helpful. Thanks for including this VERY important aspect of retirement!

@ParallelWealth 5 дней назад

You are so welcome!

@judisamoisette1258 6 дней назад

Informative

@LAOM3423 3 дня назад

Excellent video, Adam! Thank you!

@ParallelWealth 3 дня назад

My pleasure!

@daved6464 5 дней назад

Great interview. I am close to retirement and was only focused on the financial part. This opened my eyes to the real challenges.

@tanyaperrin8844 6 дней назад

Great video, Adam!

@ParallelWealth 5 дней назад

Thanks!

@tanyaldutton 6 дней назад

I feel like this video is ruining my retirement buzz (I guess I’m firmly in phase 1). Having worked in healthcare for 33 years, the idea of yet again trying to find something to be in service of others frankly just makes me tired. I feel like I’ve spent my entire career doing this and want to think ‘me me me’. Maybe this will evolve. I am not a boomer, I am an ‘early’ retirement Gen Xer and wondering if there are generational differences to transition to retirement. Just wondering.

@Ittybittykittyclub 6 дней назад

I thought the same thing. Don’t let this information burst your bubble. Enjoy your time off no matter how long it takes. There’s no right or wrong, just keep the information in mind and reflect on it if needed.

@davecarpenter4917 6 дней назад

Might still end up being 'service' of someone or some company, but how about a totally different type of task (non healthcare in your case) ? Im same early-X (retired at 57) and picked up a 0.6 pt job doing something I enjoy (mostly lol). The 4 days off each week give me time for 'me' , but I still feel like Im productive. Being paid to keep moving is better than paying a fitness club to do same.

@karlmitchell1428 5 дней назад

@@Ittybittykittyclub I’m with you! My wife and I have been retired for 4 months now, a short time I know, but we are steadfastly stuck in phase 1, and I don’t see any of that changing anytime soon, we have made a plan to always have something to look forward to. We are focusing on US! Cheers 🥂

@tanyaldutton 5 дней назад

@@karlmitchell1428 maybe inevitably we will move through the stages, right now we are enjoying phase 1 quite a bit! lol.

@tanyaldutton 5 дней назад

@@davecarpenter4917 I tried thinking of a few things - volunteer dog walking for example - but didn’t get through the application phase lol. It will come. I did some part time project work last month and found it started to get in the way of my gym and pickleball schedule lol

@SummitMan165 4 дня назад

What a wonderful and useful interview you made ! I cannot say how much it’s great for helping understand how to approach retirement, especially for entrepreneur (farmer) like me and so many friends around me ! Please do more of theses “non financials” retirement stuff !! Continue up your Excellent job!!👌👌💪💪😊😊

@TerriWiebe-hq3rz 2 дня назад

I retired within the past year. I dont think i will be going thtough the phases as described. I worked for 50 years (paid work starting at 13) and also did a lot of volunteering and learned various hobbies during that time. I will never be bored. I still volunteer and I even took up a new hobby this spring. I plan on travelling winters. So i think i am already in combination of phases and dont think thst will be changing.

@donnanorris4733 4 дня назад

I was a classic phase 2. Got a part time job. Almost dreading fully retiring again. Volunteer work will be the next step to keep me active, once I decide to quit working. I am a 68 year old female, and divorced.

@user-fb8jb5yi6g 2 дня назад

I wish you all the best. Take care. People don't prepare for the mental aspects of retirement. I'm sick of the rat race, but it's better than no rat race at all!

@danawc5595 4 дня назад

Great video

@ParallelWealth 4 дня назад

Thanks!

@heatherbolichowski1910 5 дней назад

I would be VERY interested to hear the differences in the stages, severity of the stages, overall numbers of women vs men in these stages of retirement. The difference between singles/couples might also be interesting. Maybe your guest can speak about that if you bring him back.

@elp2689 10 часов назад

Hmmm, let’s see. I’m retiring in October and hitting the road for as long as we want with our RV trailer. But while on vacation I will still be cycling, paddling, hiking and working out because these are the normal activities that have always been a part of my life and I like to earn my margarita! Also, if a marriage made it through Covid the way we experienced it then we will be fine. My hubby is my bestie and yes of course we will need to make time for doing our own thing. Can’t wait to enjoy it all. I feel for all the people who don’t have any activities that bring them joy. It starts early while you are still employed so you have a work/life balance. Otherwise? Yikes.

@lindaanderson279 5 дней назад

The shopping channel phase .👜👛👜👛

@anthonybutler3157 2 дня назад

Interesting insight. However, it seems to be about creating a retirement that simply replaces work productivity for another form of productivity. The luxury of retirement to explore the world both near and far, increase the relationships with those who are most important, and reflect on who i am is far more satisfying

@DC-nj8kv 6 дней назад

No matter how much you like golf (or whatever), you can't do it 8hrs a day, 5 days a week, for 30yrs.

@jeffbox1torres 4 дня назад

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

@DannielleRosales 4 дня назад

This is interesting. I heard a lot about the same person not long ago, please how can I contact her?

@jeffbox1torres 4 дня назад

Well the name is 'Evelyn Infurna'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@DannielleRosales 4 дня назад

I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

@MavenSly-hv4yk 4 дня назад

Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

@arloc24 4 дня назад

Evelyn Infurna hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost a million bucks in my portfolio.

@garssympa500 3 дня назад

This was fascinating. I'm 68 years old and still work as an IT Manager, full-time. Success for me would be to go from full-time work to Phase 4. Just have to work on it.

@garth217 3 дня назад

If you enjoy what you're doing, you are already ahead of most people

@rnish2958 2 дня назад

Several people I hung with in college (class of 1976) have died. Its a wakeup call.

@vicfontaine5130 4 дня назад

I'm actually worried about my in-laws retiring. Not the financial aspect they will be fine, it's mental aspect of not having enough to do to keep busy. Not everyone has hobbies or likes to travel, I think a plan should be laid out along side the financial planning aspect

@rosered9029 6 дней назад

❤As a Financial Planner, you just gave a true "gift" to your clients and viewers.😎👍🎈

@ParallelWealth 5 дней назад

Appreciate that, and fully agree. That's why we do this channel.

@user-qr4tt6yk1z 4 дня назад

I disagree with this guy, some people stay en face 1 their entire retirement.

@maryjoan4128 4 дня назад

So true lots of fits and starts 😉😁 health has to be number one.. couldn't do it with out Faith

@garth217 3 дня назад

Looking at possibly returning to work for the 3rd time after retiring in 2018 at 54. Best thing about working when retired... not caring about having to comply with management in order keep a pay cheque. Live life honestly. Hey boss! Your a no nothing goof..im out!

@RobertSkene-qw3ob 3 дня назад

Never a vacation always a staycation because of other expenses and expectations!!!🇨🇦😂

@alancane1482 3 дня назад

In this country when you turn 65 they round you up and put you on a cruise ship.

@mikeb6459 6 дней назад

I didn’t like this guy’s Ted talk. In the end he just goes on about all the amazing things him and his buddies do so it seems like he made it all about himself.