10 Unexpected RETIREMENT Facts No One Tells You!

✅ FREE RETIREMENT ASSESSMENT ✅ www.foundryfinancial.org/reti...
As a retirement professional, I've devoted countless hours to retirement planning and engaging with retirees. Through these conversations, I've uncovered several unexpected challenges that many wish they had known about before retiring. In today's episode, I'll reveal the top ten retirement surprises and offer practical advice on how you can effectively prepare for them.
Free Retirement Assessment // foundryfinancial.org/get-started
Private Facebook Group // / retirementforum
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ABOUT ME
I’ve always been passionate about personal finance, investing, real estate, and helping people find the freedom to live their life with purpose. But when my dad died in 2015, I tried to help my Mom find an advisor to sort out her finances. Instead of a helping hand, I found an industry of financial advisors dominated by glorified salespeople working on commission - pushing products that were not in my mother’s best interest. Or advisors with minimums that shut-out all but the ultra wealthy. Disappointed with the options, I took matters into my own hands and launched Foundry Financial, a wealth management firm with transparent pricing that specializes in helping provide clarity around money - so you have the confidence to make smart decisions.My goal is to help a million people retire without worry!
📅 THE BASICS OF RETIREMENT PLANNING
Retirement planning has several steps, with the end goal of having enough money to quit working and do whatever you want. Our goal is to help people master retirement and retire without worry.
Step 1: Know when to start retirement planning. When should you start retirement planning? The earlier you start planning, the more time your money has to grow. That said, it’s never too late to start retirement planning. Even if you haven’t so much as considered retirement, don’t feel like your ship has sailed. Every dollar you can save now will be much appreciated later. Strategically investing could mean you won't be playing catch-up for long.
Step 2: Figure out how much money you need to retire, The amount of money you need to retire is a function of your current income and expenses, and how you think those expenses will change in retirement.
Step 3: Prioritize your financial goals. Retirement is probably not your only savings goal. Lots of people have financial goals they feel are more pressing, such as paying down credit card or student loan debt or building up an emergency fund.Generally, you should aim to save for retirement at the same time you're building your emergency fund - especially if you have an employer retirement plan that matches any portion of your contributions.
Step 4: Choose the best retirement plan for youA cornerstone of retirement planning is determining not only how much to save, but also asset allocation. It can make a massive difference in your retirement plan.
Step 5: Select your retirement investments. Retirement accounts provide access to a range of investments, including stocks, bonds and mutual funds. Determining the right mix of investments depends on how long you have until you need the money and how comfortable you are with risk. It’s often helpful to talk with an adviser to discover the right mix of stocks and bonds.
❣ SPONSORED No, this video was not sponsored.
⚠️ "DISCLAIMER:⚠️This is not financial or investment advice. This Channel is meant for EDUCATIONAL AND ENTERTAINMENT PURPOSE only. None of this is meant to be construed as investment advice, it's for entertainment purposes only. #retirementplanning #retirement #passiveincome

Пікірлер: 139

  • @foundryfinancial
    @foundryfinancialАй бұрын

    Did I mess any retirement surprises?

  • @stuckinmygarage6220

    @stuckinmygarage6220

    11 күн бұрын

    Reality check

  • @medhashas

    @medhashas

    6 күн бұрын

    🤭👌👍

  • @glennet9613
    @glennet9613Ай бұрын

    I’m 79 next month, retired twenty years. People don’t realise how long retirement is and how much you can achieve in twenty years. In your first twenty years you probably learned to talk and graduated from college, why not try to match that in your last twenty years? All the retirement videos seem to recommend getting your travel done in the first couple of years because after that it is terminal couch lock. If you exercise right and eat right you probably have a quarter of a century of good living in front of you. Make the most of it, we did and it has been fantastic.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thanks for sharing! It’s an inspiration.

  • @wontbelongnow5567

    @wontbelongnow5567

    Ай бұрын

    Yes but I bet you retired earlier as we all do. I retired at 49 and that was to late.

  • @user-yb5bg8im5g

    @user-yb5bg8im5g

    Ай бұрын

    never had the travel bug. at 66, i realize i have been working since 12. done now. perfectly satisfied with friends, the dog, and a stack of newspapers and a pot 0' coffee.don't have a tv and am rarely bored. when it happens, i leash up the dog and get lost for an hour. win win.

  • @ParisianThinker

    @ParisianThinker

    9 күн бұрын

    Retired at age 39 to marry a wonderful man who was getting ready to retire at age 60. He died unexpectedly at almost 100 a few months ago. I am very disoriented. We left the US 18 years ago to live in France. I wanted to return home but home in USA looks like a very bad choice. I can go anywhere but the world looks like it is ready for another Great Depression. I tell myself bon courage ❤️‍🩹

  • @glennet9613

    @glennet9613

    8 күн бұрын

    @@ParisianThinker I wish you strength and eventual happiness.

  • @user-ku7sz2il8f
    @user-ku7sz2il8f7 күн бұрын

    Life begins at 70🎉❤❤

  • @ronaldjones996
    @ronaldjones99615 күн бұрын

    Excellent talk! Retired at 63 y/o and coming up on 68 y/o. Healthier and happier than when I retired! Don’t miss out on a happier life if you can!

  • @dwalker5175
    @dwalker51758 күн бұрын

    Excellent retirement assessment. Should be viewed by folks in their 40’s

  • @LSUtiger95
    @LSUtiger95Ай бұрын

    Something I realized watching this video. When younger you could make repairs yourself to save money. As you age you may not be able to do all those repairs and have to pay retail labor prices that you weren’t ever used to so the price shock is even more so.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Great insight. I’ve been busier and had to hire our repairs I used to do…it’s hard to swallow.

  • @bobjohnson8169

    @bobjohnson8169

    14 күн бұрын

    My wife and I planned for this. I retired at 59, and she is still working for a few months more. What we did do about 6 years ago is begin replacing infrastructure. AC’s, roof, windows, doors, water heaters, remodel the bathroom so I can use it if I am in a walker or wheelchair. With the exception of the water heaters, everything we have done should outlast us! I’ll let my daughter worry about that when it is her time! Plan and enjoy!

  • @darryltognarelli6769
    @darryltognarelli676925 күн бұрын

    I classify myself at being retired at 64, but I’m not. I bought a truck and no payments, I bought a 1/2 acre piece of land and no payments, then I bought a small tractor with some attachments and no payments, all debt free!! There was a price to pay and it’s called motivation, determination and and sacrifice!!

  • @rhodastephens-yoder5693
    @rhodastephens-yoder569323 күн бұрын

    The irony of it all is that the Covid-19’s lockdown helped prepare my husband and me for our retirement. We learned how to live together 100% of the time, negotiating our various roles. Also, I retired from teaching last June 2023. I spent the years before reading books about retirement, investigating what I could do with my time once I didn’t have a full time career. I am currently volunteering at an animal shelter. It gets me out of the house and into a new social environment.

  • @ronaldjones996

    @ronaldjones996

    9 күн бұрын

    My wife and I retired as physicians New Year’s Eve 2019! We went to a wedding 29 Feb 2020 and were then banished to our home in the woods and occasionally foraged for food at the grocery store with mask and social distancing. It could have been a situation if we couldn’t handle being retired and full time with each other. We are still doing great and traveling again. Maybe my wife being a psychiatrist and my being primary care was part of it!

  • @jpturner171

    @jpturner171

    9 сағат бұрын

    Totally agree!!

  • @josephfolgo5079
    @josephfolgo50795 күн бұрын

    please talk about GROWTH. And continuing to prospering. After leaving our career secure job

  • @RandHall
    @RandHallАй бұрын

    I cannot more highly recommend "Victory Lap Retirement," an excellent book detailing the many ways to transition out of the workforce at your own pace.

  • @gingerkitten7587
    @gingerkitten7587Ай бұрын

    Fantastic video and right on point! I retired 5 months ago and have been going through just about everything you mentioned. I knew I would have a hard time spending so several years before I retired, I opened an account to hold money just for travel. That's its only purpose: FUN. And I don't need that money for anything else. Even then I am having a hard time spending it. So for me that is the hardest thing to adjust to. Also, many of us are solo in our retirement and do not have anyone else to split the bills with, two can live cheaper than one and all that. Blessing or a curse I suppose but it is very different when you have to foot every bill yourself. But, I am looking forward to those happy years all the studies say are coming. 🙂

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thanks, Ginger. I love the idea of having a savings account for fun! Enjoy your retirement!

  • @mikeanderson2655
    @mikeanderson2655Ай бұрын

    Retired 18 months ago and agree on these and would add another, which Is the importance and complexity of tax planning on future cash flows, e.g., RMDs, gift taxes, IRMAA, etc.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thanks, Mike! You’re right. I guess I glossed over those because I talk about that a lot in other videos, but that’s a huge thing people wish they’d understood.

  • @metalgirl
    @metalgirlАй бұрын

    I’m thinking if you can’t afford the cost of a broken water heater, you probably shouldn’t be thinking about retirement.

  • @bdtrap

    @bdtrap

    Ай бұрын

    Probably should start doing some backwards-planning for it tho, especially if they can't afford a water heater.

  • @AfaraGodswill

    @AfaraGodswill

    Ай бұрын

    👆👆

  • @markbajek2541

    @markbajek2541

    16 күн бұрын

    I think people typically don't "shop" for major appliances often enough to see what the prices are today. the "I remember when a good water heater was ...."are long gone. And they don't seem to last quite as long as they did and they cost way more to repair. but yeah that's what emergency funds are for...System repairs on an aging house. I doubt anyone thought a new roof would cost $30,000 depending on the home.

  • @leemcfarland4769
    @leemcfarland47699 күн бұрын

    I knew all this. You just don't think it is significant. Well you better get along with your spouse. Every day you will be with them. Make an effort.

  • @danielhuntington2116
    @danielhuntington2116Ай бұрын

    This is a great video Kevin and thank you. I'm newly retired and into my 4th month. I'm working on....through baby steps....leaving it all on the table so no regrets wishing I would have done this...or done that. Thanks again!

  • @savanah1407
    @savanah1407Ай бұрын

    Great info! Thank you!

  • @medhashas
    @medhashas6 күн бұрын

    You have done a Very good summary of the exact thoughts and fears there

  • @medhashas

    @medhashas

    6 күн бұрын

    I am glad I listened to this. Now I am seriously considering whether I am ready to take an early retirement

  • @miragexl007
    @miragexl007Ай бұрын

    Ah, I believe the depression type feelings doesn't Just come from leaving work and that... You're getting older, Weaker and hurting more, Closer to suffering and death.. And friends/family of yours are getting sicker Or passing away

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    That’s true, but there’s something about quitting work that seems to accelerate it in some people.

  • @danielhuntington2116

    @danielhuntington2116

    Ай бұрын

    Your nailing it as the mind is talking more than ever to us. I recommend if you have a passion on your ♥....go for it!💪💪👍👍🙏🙏🙏🙏

  • @bwoods6543
    @bwoods6543Ай бұрын

    Great video, insightful, and meaningful!

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thanks!

  • @user-yb5bg8im5g
    @user-yb5bg8im5gАй бұрын

    ''retirement is a major life reorientation...'' not for all of us. college educated, but ditched the world of ties to have a one man landscaping shop for 35 years. paid cash for a colo house. retiring to off grid, raw land in TN this summer. realized i had eunf 5 years ago when my partner died. no kids, outlived my family. pretty much stopped working 5 years ago. had time for me and not others. walked right into retirement. only 2 real changes were no more alarm clock and made all appts. for, ''after 10.00''. cashed out so i don't worry about ''the market''. have more than enuf to see me to the end. when i take ss, it will be ''government annuity gravy''.

  • @cperryisnow
    @cperryisnowАй бұрын

    Well done Kevin. Your videos are spot on and well done. Cheers

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thank you, I appreciate that.

  • @stuckinmygarage6220

    @stuckinmygarage6220

    Ай бұрын

    Ditto. I find your delivery honest. BTW, reality checks are sobering. The inflation example is always food for thought. Thank you

  • @markreid7
    @markreid7Ай бұрын

    I’m 5 years away but great video and I’ve watched a bunch of them.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thanks, Mark!

  • @josephjuno9555
    @josephjuno9555Ай бұрын

    I used to work Full Time w Absurd amounts of OT? Was always tired. This yr I am,working Part-time, turning down OT And as,Spring nears,am thinking of Retiring. Close Life instead of Money?

  • @marcialitebraus6192
    @marcialitebraus6192Ай бұрын

    Great video!!! Thank you

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thank you!

  • @chrisforker7487
    @chrisforker7487Ай бұрын

    Inflation is an interesting phenomenon. We have, in retirement, just shifted what we spend money on. We have cut way back on going out to eat. We eat much healthier now as a result. We also cut out alcohol, no wine or beer, unless we go out to eat. We raised our insurance deductibles to help offset a little for higher premiums. Find a hobby! It’s a marriage saver. You still need to be independent and have activities that are truly yours.

  • @michelcote6791
    @michelcote67915 күн бұрын

    Thank you 🙏

  • @tedjohnson4451
    @tedjohnson4451Ай бұрын

    I'm retiring at the end of August & taking my State Pension. I'll clean out my Apartment, distribute most of my Stuff to Relatives, keep about four to five boxes of keepsakes. My Reward is a Six Month Tropical Vacation in the Philippines starting in mid-October 2024... At that point... I'll either come back to the US and take a Federal Job with Insurance, OR settle in somewhere in the Tropics, possibly with some type of Digital Nomad work.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Enjoy!

  • @nata3467

    @nata3467

    Ай бұрын

    I am thinking of doing very much the same thing taking retirement having a year to just decompress and travel to some of the places I have put off before I get too old and then if need be or desired possibly come back into the workforce. I am a very young 55 but I also can see how the stress of my current job is very quickly burning me out.

  • @devonbrennan6125

    @devonbrennan6125

    Ай бұрын

    Betcha don’t come back! Enjoy!

  • @mikespangler98
    @mikespangler9821 күн бұрын

    The big surprise for me was Estimated Taxes. No one warned me that I'd be doing taxes five times a year. (The four quarters plus the final 1040.) Then you get to meet Schedule AI because your income unevenly distributed, but the IRS wants taxes paid in equal installments unless you can prove you get paid unequally. In early June I'll be doing taxes again, tax quarters are not always calendar quarters. 🙄

  • @staceyo1723

    @staceyo1723

    14 күн бұрын

    This was an adjustment for me too! Thinking about taxes more often is not fun. 😢

  • @az21bob666

    @az21bob666

    3 күн бұрын

    What is that true. So if you retire at 40 and only live on dividends. You have to do taxes more then once a year

  • @Scarletcroft
    @Scarletcroft20 күн бұрын

    Wow I've been saying Time = money is the biggest lie since I've been 20. Recently I could choose between a 3% salary increase or 5 extra vacation days... I chose 5 extra vacation days and most of my coworkers did too, because we actually discussed it with eachother. And I remember specifically saying......you can always earn more money, but you can't earn more time.

  • @debrahuynh261
    @debrahuynh26127 күн бұрын

    Some people don’t have enough $$$ to retire 😂

  • @PeachSharon
    @PeachSharon19 күн бұрын

    This video is great. It stands out from other KZread retirement talks. The presenter is very logical and to the point. It helped me a lot. Thank you!

  • @Bob-yh7ir
    @Bob-yh7irАй бұрын

    Right on ! We are getting out this year in our 50s. We have spent the last 3 years doing all the upgrades we wanted/needed in the house. So no large new expenses should come up in the first several years. Also replaced our 17 and 19 year old vehicles with newer ones that will last us a long time and may be the last cars we ever buy, who knows? ! We have our trips planned out through 2030 ! Have made new friends that are retired themselves so we will have a good pool of people to do things with when we want and bounce off each other. Going on ACA for most years until medicare. Looks like in our first few years medical insurance will cost us about 150-300 a month with the income we expect to have. Also tax planning for the future. We plan to continue to pull down on IRAs at rates we may not need after SS kicks in just to reduce those accounts a little and put the money in CD ladders or other after tax mutual funds, etc. That way we will not have MASSIVE tax liabilities from RMDs and or with what we leave to anyone. As you say. It takes some planning and thought, maybe even a trial run to reset the groove of your life for and in retirement.

  • @markbajek2541

    @markbajek2541

    16 күн бұрын

    50's plan on 2 more cars. Plan on your insurance company dropping coverage IF your roof hits 15 years or so. I might be in decent shape but they might make you replace it or drop you as a customer if you don't. Or your insurer might decide to leave the state and the next one says we won't insure you unless you put on a new roof. Things like that never used to happen.

  • @stevenweiss2148
    @stevenweiss21486 күн бұрын

    Retired 6 times in 73 years.

  • @user-bb7lo7yn2x
    @user-bb7lo7yn2x11 сағат бұрын

    I’ve always worked pretty hi stress job.. I need to retrain myself to just slow down, everything doesn’t have to be done today, man that’s hard, so I went back to work !!! Work actually helps me wind down, sounds odd I know??

  • @keithmoriyama5421
    @keithmoriyama5421Ай бұрын

    It doesn't cost nearly as much to retire than you think.

  • @stuckinmygarage6220

    @stuckinmygarage6220

    Ай бұрын

    Assuming health okay?

  • @spinnetti
    @spinnettiАй бұрын

    To me, retirement is about opportunity cost. With the start of the pandemic, I work from home, have tons of vacation and like my job just fine. I have lots of flexibility and don't have anything to retire "to", so what would I do with more time? May as well keep making money and improving my work skills until I can find a new passion that will take up my time in retirement - I'm sure as heck not going to just sit around.

  • @devonbrennan6125

    @devonbrennan6125

    Ай бұрын

    Well said

  • @randolphh8005
    @randolphh8005Ай бұрын

    Another nice review! Agree with the inflation discussion. Many people don’t realize how it devalues your money. On the other hand it is very difficult to think in present and future dollars at the same time. My recommendation for this is to keep everything in present dollars( those that adjust with in inflation). This includes Social Security and investments. SS does mostly keep up, and investments should keep up. On the other hand annuities won’t. Pensions vary. Most annuities need to be severely discounted by 50% or more for values 15 years out. So if you have enough money in today’s dollars that will inflate, you should have enough in future dollars. We assume that portfolio growth will ONLY keep up with inflation(no real growth). For an annuity 15 years out we assume it is worth half in “real dollars”. So if you want a $1000 annuity payment 15 years out it will need to be paying $2000 at that point to have similar spending power.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thank you. I think a surprising number of people don’t realize their annuity doesn’t have a COLA rider. And many pensions as well. It’s a big oversight in planning.

  • @DougASAP
    @DougASAPАй бұрын

    Thanks for your videos Kevin! A lot of good points.. For me, I think my happiest ages were 26 (I wasn't thrilled with my first job) and 61 (I retired at 50 so this is earlier than for some people). No depression for me, but I did have some periods of stress (when I was happy and was just too much in my own head).

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thanks, Doug! I always struggle with being in my own head and missing the moment.

  • @DataPilot370
    @DataPilot3703 күн бұрын

    I was forced into retirement at age 61 after my husband suffered a debilitating stroke and starting requiring 24x7 care. We are fortunate in that we’d already been planning for retirement and have sufficient income from pensions, savings, investments, and social security. I just wish that I could travel and some tick items off my bucket list. Unfortunately, I’m stuck caring for my husband and father and can’t easily leave town.

  • @jabow1878

    @jabow1878

    22 сағат бұрын

    Consider finding someone to watch them for three weeks and travel. Caregivers often die before those they care for. You need to rejuvenate before you move forward.

  • @pandabearoceanpark
    @pandabearoceanparkАй бұрын

    Retire overseas. The US is a good place to earn money, but not a good place for retirement.

  • @mjmf1430
    @mjmf143025 күн бұрын

    Inflation would increase for Americans above 3% because of decoupling-from-China and import tax strategies by your government, imports will be much more expensive as costs from products would skyrocket moving ahead.

  • @annettedemary3062
    @annettedemary3062Ай бұрын

    I change my home & auto insurance when it goes up. It seems to go up every 6 months to a year.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    It’s getting harder to shop carriers in some states like California and Florida as insurers pull out.

  • @brassj67
    @brassj6717 күн бұрын

    Wow, why would you not include home repairs / renovations and car repair / renewal into your budget? I am including 2% value of my home for repairs and upgrades and 10% for my car for repairs and renewal. This is the smart thing to do. Also account for any medical insurance. As I live in Canada, I just need to cover for prescription drugs, dental and ambulance so $200 CAD per month should be enough cover for couple

  • @joycewright5386
    @joycewright53865 күн бұрын

    I’m retired 7 years and I’m still scared to spend any of my savings. I’m still living on social security alone.

  • @bevanbuckwheatshea5520
    @bevanbuckwheatshea552017 күн бұрын

    I associate with people who no one elses wants due to them having serious problems and issues I am dreading retirement associating with these people

  • @user-vr2np8xc5v

    @user-vr2np8xc5v

    Күн бұрын

    Might be time to move and make new friends.

  • @FrankBatistaElJibaro
    @FrankBatistaElJibaroАй бұрын

    @Kevin Lum Check the title. It says "Facts No Tells You!" I think you are missing a word.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Thanks, Frank! I’ll hire you as my editor. :)

  • @srt8turboawdjeep146
    @srt8turboawdjeep14620 күн бұрын

    do long term care policies actually pay out?

  • @user-yb5bg8im5g
    @user-yb5bg8im5gАй бұрын

    ''retirement, as you know, isn't just a lengthy vacation.'' then you are not doing it right...

  • @informationcollectionpost3257
    @informationcollectionpost325725 күн бұрын

    I really Enjoyed the first 17 years of my working life. The I couldn't find a way to continue my career or find a new interesting career. So now I am a laborer which is boring and at times demeaning but it pays almost the same amount of money as when I was a professional. ( all due to the first baby boomers retiring ahead of me who mostly performed factory jobs) My hope is to reignite some professional or skilled job in retirement or to start a one person business. Problem is I am spending so many hours working that I can't retrain and its hard to start paying for all those benefits and replace all that vacation time. ( 2 weeks plant shut down plus 3 to 4 weeks vacation a year) It is quit different from most people's life experience. Most people experience what I did when I was young when they were old and starting to grey. On the other hand the hard work keeps me in shape and I am healthier and sharper than many 45 to 50 years olds. What happened? I am just starting to slow down at 65. Hint, my grandparents lived for 90 to 95 years old and so did my parents. What do you do with yourself if you retire at least 30 to 35 years before you die?

  • @kel3678

    @kel3678

    19 күн бұрын

    You enjoy it and develop hobbies❤️

  • @roseother8306

    @roseother8306

    7 күн бұрын

    Re-create yourself, then become a new you again. Lather, rinse, repeat! Enjoy!

  • @seblorenzo
    @seblorenzo4 күн бұрын

    My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to Mrs Helena Crouse, my portolio is doing really great and im proud of the decisions i made last year

  • @seblorenzo

    @seblorenzo

    4 күн бұрын

    TELE

  • @seblorenzo

    @seblorenzo

    4 күн бұрын

    G R M👇

  • @seblorenzo

    @seblorenzo

    4 күн бұрын

    @CROUSETRADES .. 💯 that’s it

  • @titoperez1327
    @titoperez13278 күн бұрын

    I retired at 26 when I started working in government. I have travel, enjoy nature, I’m jacked and I have enjoyed beautiful women. At 52; I’m ready to enter the workforce

  • @stevenweiss2148
    @stevenweiss21486 күн бұрын

    I have a big problem with pleasure but what does that mean?

  • @sct4040
    @sct4040Ай бұрын

    I wish I retired sooner, at 58 or 59. Sooner is better for travel while young enough to.

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    What age did you retire?

  • @nata3467

    @nata3467

    Ай бұрын

    Great advice. I am planning to retire in about a year just for that reason there are many places I would like to go and the way I'd like to travel there is rougher than I think I want to be doing at 65

  • @emilylin1274
    @emilylin1274Ай бұрын

    Is it worth to move to a State with no state tax?

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    It should factor, but I wouldn’t be driven by only that factor.

  • @markbajek2541

    @markbajek2541

    16 күн бұрын

    Typically tax dollars come from other fee, higher sales tax , or a sales tax on groceries as well as hard goods., possibly higher user fees , possibly even high property taxes. it's a balancing act. You'd have to look at your total tax burden even being one county over can cost or save you money if one county applies a local sales tax and the other one doesn't.

  • @roshall8401
    @roshall840129 күн бұрын

    So far i have worked 44 years maybe 3 more to go

  • @brassj67

    @brassj67

    17 күн бұрын

    41 for me and 6 more to go

  • @pubmeatman

    @pubmeatman

    17 күн бұрын

    I did 41 years and DONE.

  • @FIRED13
    @FIRED13Ай бұрын

    Lol I'd wager the Costco hotdog will be $1.50 in 20 yrs

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Haha. You’re probably right.

  • @dznrocks6605

    @dznrocks6605

    Ай бұрын

    😂😂

  • @johnristheanswer
    @johnristheanswerАй бұрын

    Number 3 graphic - " more expensive " ?

  • @foundryfinancial

    @foundryfinancial

    Ай бұрын

    Yeah, I know. Our editor made a mistake and I missed it when editing the mistakes. Drives me nuts.

  • @calvinreichelderfer7989
    @calvinreichelderfer7989Ай бұрын

    If my homeowners insurance more than doubled I would look for another insurance company. Did you say your homeowners went from $1,400 to $3,600 in one year? I actually find that hard to believe but if you say so.

  • @danielhuntington2116

    @danielhuntington2116

    Ай бұрын

    He might be in Florida....there's horrible stuff going on down here regarding homeowners insurance.

  • @calvinreichelderfer7989

    @calvinreichelderfer7989

    Ай бұрын

    @@danielhuntington2116That’s insane! I would want to leave the state

  • @danielhuntington2116

    @danielhuntington2116

    Ай бұрын

    @@calvinreichelderfer7989 Many are leaving....butttt...being replaced by even more people (FL # 1 in current state growth)....annnd the new ones coming in many cases have deeper pockets than the ones leaving!

  • @kel3678

    @kel3678

    19 күн бұрын

    It’s happening in Northern California.

  • @calvinreichelderfer7989

    @calvinreichelderfer7989

    19 күн бұрын

    @@kel3678 Does it affect the sanctuary cities too?

  • @user-qs9by1fq4o
    @user-qs9by1fq4o19 күн бұрын

    Well, I'm 55 and fully retired for some years now. When I had my 21st birthday my mother told me to start planning my retirement then. Seemed ridiculous at the time but I took her advice and started my investment journey. Its had ups and downs but our income per year now is more than 100K and we live pretty well. A new car every 5 years, private health insurance and two overseas trips a year plus we also have enough to help out the kids with their mortgages. No govt pension of course. The secret, if there is any, is to start early to get the benefit of compounding. I started working early with Cynthia McClure Alexander early and today I am happily retired .

  • @markbajek2541

    @markbajek2541

    16 күн бұрын

    Yep save as early as you comfortably can. New car ever 5 years huh good on you.

  • @metalgirl
    @metalgirlАй бұрын

    Social Security is going to be fine 20 years from now…? I thought it was already bankrupt…? How is that gonna work?

  • @Jfhelwig

    @Jfhelwig

    Ай бұрын

    They have 60 billion for Ukraine, they'll have it for SS

  • @bevanbuckwheatshea5520
    @bevanbuckwheatshea552017 күн бұрын

    Retirement seems SO BORING.

  • @GradKat
    @GradKatКүн бұрын

    My retirement surprise was nothing to do with finance. It was how incredibly bored and unhappy I was without a job. I’ve been retired 15 years and hated every minute.

  • @EdNichols-qj4xk
    @EdNichols-qj4xk9 күн бұрын

    The word “ instruction “ is misspelled at the beginning of the video. Maybe there needs to be an instruction manual on how to spell instruction.

  • @jessegarman7899

    @jessegarman7899

    4 күн бұрын

    Is hard being perfect? Bet that it is lonely.

  • @brucetisdell9404
    @brucetisdell9404Күн бұрын

    But retired people die

  • @darrylcullen2409
    @darrylcullen24099 күн бұрын

    Health care is crazy in the US