Hi! Thanks for visiting! I am a real estate agent with a practice in New Jersey and Pennsylvania and I specialize in helping peeps plan and retire well, whichever direction that may be! We discuss where to live, social security, retirement savings, retirement net worth, retirement dream jobs and lifestyle. These are not investment or legal advice, but general observations based on my research and experience.
Connect with Olga: bit.ly/contactolgas
NJ License: 0901969, 2296330
PA License: RS308789, 354281
Office #: 215-757-6100
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90???? You're being way too generous. From what I see these days, it's more like 75 with a health span of only 55.
Thank you for this fantastic video. Many of the points you brought up resonated with me; especially, after a very difficult day at the office today. My gut instincts weighing "fight or flight" tell me to run especially after the loss of five people (family members and two very close friends) in less than five years. I want to read more than 150 books before turning that last page.
90 years might be an average life span on developed countries such as Japan, but certainly not in the US.
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
i’m in dire need of guidance so i cIan salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
After reaching financial independence at 59, I found the thought of reporting to another poorly trained 'X' or 'millennial' middle manager, whose default move is to throw their direct reports under the bus, a pox upon my house and soul. Oh, BTW, there are no jobs.
Great video, Another factor to add is Do they spend a lot of time planning their financial future? The stock market is making me really worried because I've lost over $ 27,000 in just this month and I'm not making as much money as I used to. This is making me concerned that I might not have enough money saved up for my retirement since I can't add to my savings.
To ensure a comfortable retirement, it's advised to save a minimum of 20% of your income in a 401(k). by doing so , you increase the likelihood of retiring with sufficient funds. Moreover, this strategy enables you to leverage the stock market's potential and expand your retirement savings as time progresses.
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
Iynne Marie Stella is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks, I just googled Stella and I'm really impressed with her credentials. I reached out since I need all the assistance I can get.
Hmm Olga
So glad I found this channel, love the stories you tell 🙏
I retired at 42. A new and amazing life started then.
I won’t live to 90.
Can someone please talk about options for health insurance before retiring at 65?
Many people "struggle" as they are doing what George Carlin said decades ago: "people buy stuff they don't need with money they don't have to impress people they don't know". Stop doing that folks, get out of debt and start retirement investing.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mother was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.
`This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Her name is “Sharon Lee Peoples” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thanks for the share! copied and pasted full name on my browser, effortlessly found her site, very professional. I got some feedback hope to speak on the phone soon.
I bought my last car from a lease/rental return company. Got a great price and a lifetime drive train warranty. I think these are well maintained and people drive them reasonably.
It's a proven fact that people who continue working (or volunteering) actually live longer. You can still read books in the evening and weekends. You can see friends and family in the evenings, weekends, holidays, and vacations. Working longer also eases current and future financial stress, and allows you to defer SS until age 70 at which time lifetime benefits are 32% higher.
😮😢i wanted to retire at 55... that has come and gone. The only way i can survive, is my faith in the Creator of All. I would love to retire now. But that is just not feasible. And since I keep looking at my ss paper. I would rather figure out how to get as much as possible out of it. Plus it gives more more years for higher pay with yearly raises.
Sorry but this is terrible advice. #1 New York City? For retirement? Seriously??? The US in general is just a terrible place to retire. The cost of living is way too high, the climate sucks, the culture has gone downhill, and healthcare is unaffordable too. Here's a better list: 1. Thailand 2. Philippines 3. Bali 4. Cambodia 5. Vietnam
For some people, being in a large metro area like NYC is more important than other factors. Everyone is different :)
@@Olga_StPierre If you want to retire in a large city, then retire in Bangkok. You've got everything there for a fraction of the price of NYC.
I'm not single but looking for places to retire where there are more things to do. My wife and I currently live in a small town of 1000 people in Eastern Washington. Any suggestions on where we can go?
Hi! Do you want to stay in the same state or head somewhere else? This will be helpful in making suggestions.
@@Olga_StPierre Ideally same state but are open to relocation if we need to.
All too expensive for single boomers unless they have a huge inheritance or sugar daddy.
Another tried and true tip for preventing Baby Boomers from becoming poor in retirement that I can unequivocally bear witness to involves becoming truly financially literate. This entails being or becoming keenly aware of all of one's money transactions as well as habitually practicing prudent money management skills. Granted, this may sound too cerebral for most, but once implemented there's likely to be significant changes toward being able to live comfortably, avoid scams and thrive in many facets of retirement life.
Part time is stupid. What‘s the point?
I quit borrowing money in 2006, haven't had a credit card since, everything I have is paid for in full including my house. I only buy what I can pay for in cash period, no exceptions. I have more money and investments then I ever have and do more including travel and I work a whole lot less. I ride my bicycle between 150 to 200 miles a month, I'm 62.
I see many of my peers "treat" themselves to expensive vehicles in retirement -- just when their dependency on a car is greatly decreased. And unless you're fairly well off, why keep two or more cars?
Healthy and vigorous throughout my 72 years. A recent troika of bronchitis, COVID, and an emergency appendectomy in mid February, necessitated 3 weeks of enforced bedrest.very deconditioned as a result. After medical clearance, i really focused my efforts on slowly regaining strength, muscular and cv endurance, and sound nutrition. In 4 months of 6 x/wk training, i regained and increased fitness/health prior to the sx. It was very humbling to begin training again at such a diminished capacity; but i listened very closely to my body, and slowly progressively built up my condition. Walking, biking, weights, stretching. Didn't want to succumb to a sedentary L/S. Looking forward to overseas travel next year. Good medical care saved my life.
Retirement is not a choice because when you are old you will likely be retrenched or replaced by AI. Accept the reality. You need good health and good savings at retirement age. Without either one you will be miserable. Therefore if you only think of this when you are 50, it could be too late.
"Discovering a clear 5-step plan for deciding where to retire was insightful. This video offers practical advice and strategies to help make the best retirement location decisions. Highly recommend watching!"
Health can improve after retirement because we have more time to devote to healthy meal prep, ,exercise and time with our Creator.
I lived one winter in Colorado and that was enough. It's nice in warm weather but awful in cold.
Hi Olga I just retired March 2024 at age 54 after 34 years with the same company I always knew I wanted to retire in my 50’s I always made sure to invest heavily in my 401k i woke up and told my husband I’m done he said ok, we live a very modest life and we can make it I have been really enjoying do what I want when I want and traveling when I want visiting family and friends I plan to take a full year off the go work part time somewhere close to home my husbands salary can cover the bills I think everyone’s retirement journey is different and we should do what makes us happy life is too short money is not worth my health and happiness I feel like a new woman now that I’m retired I have a few friends that really a inspired to retire in the next 2-5 years
I can easily save a lot more money without having a Costco Card, shop Grocery Outlet Stores WOW deals and buy what I know I will use in bulk. I buy a few items at Trader Joes. Other than that, I shop at home from my stash of food preps, so going to the store is optional. I grow fruits and veggies in the garden or buy organic from Winco. For me, shopping is optional. I go to the School of Dentistry for dental Care once every few years if I break a tooth. Being a mindful and frugal Prepper is the best way to mitigate inflation and shortages. I do not use a Medicare supplement, hospitalis write off the difference not covered by Medicare if one's income is less than $40,000.00 a year and have limited assets. Eat a plant-based, whole foods organic diet. I stopped going to a Senior Center, far too political. My local museum also provides a location for many different groups. The Dept. of Recreation provides many classes. Make use of free entertainment, concerts, festivals and the like. The Ferry System offers reduced priced rides for Seniors I really enjoy. Having periodic Days Out, costs a lot less than conventional vacations. Have hobbies that save you money.
Too many Spams saying to invest with someone. Fake people and i hate them.
For me, the last suggestion is the most meaningful since I live outside of US, the other ones seem to be too US-specific and the last one being universal.😍
Great tips! Managing debt in retirement is crucial for financial security. I particularly liked your advice on using a debt-to-income ratio of less than 30% to maintain stability. How did you prioritize paying off debt versus saving for retirement?"
Who you gonna vote for
Depressive video.
Time, Health & Money IN THAT ORDER!
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant
Mrs Julie Alma Stevens
This is correct, Julie's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Julie is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a CNBC podcast. I'm wondering, what could be the strategy for such returns?
Find quality stocks that have long term potential and ride with those stocks. As a regular investor, I have found it takes someone who is very familiar with the market to make such good picks.
Agreed, opting for an advisor is the ideal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with one for a while now, and my portfolio has surged over 120% since early last year to date, summing up nearly $1m.
@@EShepard- please how can I connect with your advsor? I am 56 and have my money scattered around, need to be moving faster towards stable retirement
Can't divulge much, I take guidance from ''Katherine Nance Dietz'' and most likely, the internet should have her basic info, simply research.
thanks for putting this out, curiously searched Katherine Nance Dietz on the web, found her consulting page and was able to schedule a call session
Retired Age 50! I planned this at age 13 after reading an ad in a magazine about owning a carpet cleaning business.
No. I don’t shop every week. My goal is to try to grocery shop only 2 x a month. That saves a lot of money.
I live in New Jersey. I've heard about some of these places and I'm not far from Sandy Hook. I like the way you presented these towns, thanks for posting it!
Retire as soon as you can afford to do so . Time and life is short so enjoy what time is left.
Wise words. My mother worked in a high school and retired at 65. She really only had about 10 years of a quality retirement before dementia started to show at 75, she went into high care in a nursing home by 79 and passed away at 82. She saved and planned for her retirement for many years and made wise investments. She was very healthy and vibrant. It was such a tragedy, so much of her savings went to paying for her 24/7 care. She did travel in her 60s thankfully. Take care everyone
I'm heading to the Philippines in October 2024. I will have a CalPers Pension... So unless I'm "physically present" for a "Year and a Day" in another State... I'm a California Tax Resident forever.
Why is it that ALL the Mentioned FA have their Full Names? 1st middle last?? Seems to Sus for me 😕
USA has become the province of big money cartels, big pharma, and the industrial military medical complex. We everyday citizens are getting the leftovers....free yourself asap to live with and around the people and things of real value to you...
Great advice. Another thing to consider is family medical history. My Mom passed in her 60's from cancer. One of her older sisters also died early from cancer. On my Dad's side, there is a history of heart issues. You might be healthy today. But heredity can change your future.
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
Do you plan on retiring before 59?
That is what determines it for me. I switched to cash flowing assets because I wanted to retire early.
At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an adviser, as this allows you make smarter investing decisions.
@@williamDonaldson432 Could you kindly elaborate on the advisor's background and qualifications?
Annette Marie Holt is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.