Three years ago at 63, it was no 3 for me but right away it transitioned into no 1 traveling 5 times a year and $$$ was never an issue. I am still enjoying my life travelling a lot. I am writing this comment from Siouth Africa now.

@marysinclair1214

25 күн бұрын

Lucky you I've always wanted to go to South Africa.

I feel for people who have anxiety 🙃 in retirement. I am so content with my DB pension and minor investments. Your group found money for me that I didn't know existed, thanks. Retired at 57 and am quite content with no fear.

4th Type. Exhausted. Loved what you did, but it has taken its toll on you.

@urbanoutdoorsman5654

25 күн бұрын

This was me. However I am loving retirement

I told my boss that I'm practicing for retirement at this moment. I'm not sure he knows how to take that.

Three and 1/2 years I ago I semi retired from a stressful job. At 57 I found a part time job I love! This golden opportunity has allowed me to spend more time with my Dad (now 91) who suffers with dementia. Key to retirement is planning! I planned this for 25 years. Absolutely thrilled I was financially stable to execute my plan.

@garth217

26 күн бұрын

Congratulations. Enjoy

@marysinclair1214

25 күн бұрын

I did the same thing so I could spend time with Mother.

I really appreciate your videos and advice. Thank you

@ParallelWealth

25 күн бұрын

Thanks for watching!

Such excellent advice, explained so very well! Thank you Adam and the PW team!

@ParallelWealth

5 күн бұрын

Our pleasure!

No one in my family has had a DB plan. That is partly where the fear of running out of money comes from. I often joke we need psychic financial planners so we know how long we will live and how our health is.

My wife is 7 years younger which is a common age gap in my world. Retirement planning and decumulation examples tend to put the couples close in age. I am now 71 staring at the end of my “Go Go Years” and she hasn’t even started. I know your software handles these scenarios but I think you should do a show on how your clients have, and should handle a 7 to 10 year age gap. How do you ladder income? Frank Vettese’s book says you should have a reserve fund until around 78. I assume that is my 85 and her 78. How would you advocate for a younger spouse whose older partner is making all decisions based on his age? Love your show.

You're right on with phases of retirement. I'm in year 8 of retirement and going into the reorientation phase. Great videos!

@ParallelWealth

25 күн бұрын

Good to hear, and all the best with that stage!

I don't see anything wrong with having a retirement plan drafted early in one's working life. Even if all that comes from it is a pay yourself first mindset and more thoughtful spending, you'd be ahead of almost everyone else.

I recently retired after two months. I’d watched some of your videos. This one echoes the most of my current situation. I feel like you were talking directly to me. Thank you!

@ParallelWealth

25 күн бұрын

Directly to you Felix! Enjoy retirement:)

Bingo..you hit it all on the head.

Thank you Jason for this video.

@ParallelWealth

25 күн бұрын

Not sure who Jason is, but will let Adam know!

Sadly the anxiety is taking its toll now, not retired yet, still working, (don't want to) but have had long periods of time off work as a pre-retirement scenario. Not enough money coming in when off work. And when i do retire, my assets are far below a comfortable retirement. The expenses/ income (cpp, oas, rrsp tsfa) will not hold me long in the near future. No Go-Go phase, can't afford to go anywhere or spend much. So I am in the middle box. In the Anxiety/Depression phase. Hasn't happened yet but it's coming. Damn it Wanda!😟

I am excited to retire this October. YAY! Free at last, free at last, thank God almighty, free at last!

My plan would only show how I actually don’t have enough

At 53, I'm going to head back to the UK , Canada is not an option for retirement, it's way to difficult to get by here. My mother is on Pension Credit and with her State Pension she is better off than when she was working. I'll take that please...

Just so people know you can reverse your CPP up to 11 months after you start in case you go back to work or want to bleed some capital gains or RRSP down.

i might be able to before 35, but I am afraid of losing the working fun part.

What available retirement calculator do you recommend?

@murraytown4

25 күн бұрын

It’s not perfect but there is the Canadian Retirement Income Calculator

@ParallelWealth

25 күн бұрын

Honestly there isn't a good free one on the market.

@danbarrett6387

24 күн бұрын

@@ParallelWealth is there one you would suggest over another? Thank you.

@iana36s

23 күн бұрын

@@murraytown4I recommend the Government retirement calculator as it does tie in nicely to the CCP and OAS options.

@murraytown4

23 күн бұрын

@@iana36s I think this message is for another poster. I’ve used the Canadian government retirement income calculator many, many times.

I became a male porn star at 60. Not earning much as I get paid by the hour, however I’m so much happier than I was in my banking job. I’m between the go-go and no go stage.👍🏻

I suppose if you were anxious before retirement you would tend to be anxious in retirement but you would have more time to manage stress and deal with anxiety. I would suggest that if you’re anxious start to manage that now as soon as possible. Breathing exercises can really help.