What did I give up to retire early -- Here are 13 things.

Retiring early means giving up on some things you enjoy because of work. I list 13 of them I experienced. Any regrets? Can I retire now? Retirement Planning.
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_*PLEASE STOP USING Spreadsheets!_ It falls way short optimizing every retirement factor*
Retirement Tool Link I reference and highly recommend -- New Retirement. Free 2 week trial. $120/yr after. You will buy this after trying (I have purchased for 3 years).

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Need a CFP to create your retirement plan for a one time fee? My Recommendation: Neil Fortwendel [phone]. Neil created my plan. Plan updates as you wish for a smaller fee. Check Neil out on Facebook and LinkedIn.
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*DO NOT GO IT ALONE!!!!!!!*
*Money Pickle - FREE! use link to set up a FREE 45 minute dialog with a Financial Advisor*
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*Plant Manager, Maintenance Manager and Career Consulting -- 1 hour virtual via Teams/Cell Phone*
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Most Popular VIDEOS
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RECOMMENDED FINANCIAL ADVISOR - Assets under Management or one time plan creation
Neil Fortwendel with Northwestern Mutual ph: 812 471 2492

Video by Lean Driven Reliability LLC
This is not investment advice. For entertainment ONLY. Seek professional help to understand your unique situation.

#retirement #retirementplanning #retireearly #retireearlyandtravel #financialfreedom #financialindependence #retirementincome #retirementstrategy #findingpurpose #keto #ketodiet #ketovore #hiit #hiitworkout #healthylifestyle #howmuchcanIspend

[joekuhnlovesretirement]

*_PLEASE STOP USING Spreadsheets!_** It falls way short optimizing every retirement factor*
Retirement Tool Link I reference and highly recommend -- New Retirement. Free 2 week trial. $120/yr after. You will buy this after trying (I have purchased for 3 years).


Need a CFP to create your retirement plan for a one time fee? My Recommendation: Neil Fortwendel [phone]. Neil created my plan. Plan updates as you wish for a smaller fee. Check Neil out on Facebook and LinkedIn.


*DO NOT GO IT
*Money Pickle - FREE! use link to set up a FREE 45 minute dialog with a Financial Advisor*
No obligation. Get answers to your questions. Get an expert to look at your plan.


*Plant Manager, Maintenance Manager and Career Consulting -- 1 hour virtual via Teams/Cell Phone*

Most Popular VIDEOS

RECOMMENDED FINANCIAL ADVISOR - Assets under Management or one time plan creation
Neil Fortwendel with Northwestern Mutual ph: 812 471 2492

Video by Lean Driven Reliability LLC
This is not investment advice. For entertainment ONLY. Seek professional help to understand your unique situation.

#retirement #retirementplanning #retireearly #retireearlyandtravel #financialfreedom #financialindependence #retirementincome #retirementstrategy #findingpurpose #keto #ketodiet #ketovore #hiit #hiitworkout #healthylifestyle #howmuchcanIspend

[michaelperry]

I retired from the military after 32 years and immediately jumped into the civilian world. I was laid off from my tech role after 32 months. I spent the last 4 months reflecting on my life. I don’t think I am jumping back into the rat race. Your videos provide a reality check. Thanks for sharing your experiences.

[SamKnutson]

I retired at 56 walked away from an executive title, compensation, international travel to be just Sam and I'm completely OK not being normal! It is an interesting way to think about it but I see friends and family make decisions without thinking about how much freedom they give up to buy the new 39' camper or how healthy they are going to be in 10 or 11 years and shake my head. It is OK to decide to work longer but the number of people who DON'T KNOW what they need or where they are boggles me. I hear "I guess I will work till 67" over and over. I always give the same advice either yourself or with a fiduciary build a good asset map and a plan so you know what you have and what you need to retire to the life you want. Just plugging away is fine when you are 30 but once you pass 40 or for sure 50 you should have some idea where you are going and when. Another good episode Joe!

[neilcodner]

I can’t argue with one word after being retired for 5 years!

[sandylovestoswim]

Point 13 is so true "Give up being normal". I retired 2 months ago at age 57 and I find I have to constantly justify my decision to others. I am the first person in my circle to retire and am single so I am an outlier. Many people cannot imagine a life outside of work. "What will you do?" with astonishment. I can literally think of a 1000 things I would rather do than go back to work! I am also conscious that most people cannot afford to retire early (or don't think they can) so I often avoid the 'what do you do' question.

[PorscheSpeedster-kznc]

Yes - Career Identity… I got over it pretty quickly. I realized a bad day retired beats a good day at work!!!

I was hoping you would say my kids ability to get a college education paid by me!!! 😂

[brianh]

I think that those who equate identity with career do so because they've lost sight of the interests and pursuits they had before embarking on that career. Retirement isn't the end of the road, it's the open road.

[annam]

Yes... just found your channel. Love it!!!! "being different" is definitely one of the biggest hurdles. I am 55 and talk about retiring very soon and I get looked at like I have 3 heads. Like you said, the questions mainly is 'what will you do when you retire? ' / 'won't you be bored' / 'oh I couldn't never do that as it would be so boring'.

[PH-mdxp]

Hi Joe, I’m also 60, retired at 56. You validated all of the things one must give up in order to retire, whether you retire early or not, and you’re correct, you miss the action for a few months or maybe longer, but now that’s been 4 years since I retired, I would never want to trade being retired for the rat race.

[voodoodrug]

Retired at 48 and had to rotate my thinking outside the box/unspoken/no manuel
. Gained things I love ditched things that did not matter. Net result was quality of life to the moon.

[Mary-tjqx]

You’ve hit on something important here, Joe. The fact that you became more focused on money as you grew older and, in fact, had fewer financial responsibilities. There’s something really important in there. I’ve often had the thought that we can all run the risk of what I’ll call “meditating on our money” when we allow our money to become too big a part of what we think about each day. I think there’s probably a lot to be gained from figuring out ways to keep our focus on the money in perspective once we retire or get close to retirement.

[resterAnonyme]

You’ve said it before and I appreciate that you keep reinforcing the notion we need to retire to something not from something. While I’ve had plans in my head and had some discussions with my wife, we had not put enough effort into understanding that component of retirement. I’m sure we will be better prepared when “clock out” for the last time.

[geekyprojects]

Funny thing, these things are nonexistent or great, except #12:
1. Career progress - I feel stuck for 15 years.
2. Career status & respect - I don't mind to stop being a cog in the machine.
3. My own space - my wife will finally stop complaining about me being away from home and not helping.
4. Instant friends - I have aspergers.
5. Full calender - I don't get bored by solitude, see #4
6. Automatic entertainment - I prefer other types of entertainment. Did I mention aspergers?
7. Fulfillment - exchanging my time for money feels like dying inside, not like fulfillment.
8. Recognition - I prefer getting recognition from my kids.
9. Sense of winning and losing - I get rather a sense of relief when I leave the office.
10. Drama and politics - aspergers again.
11. Automatic reason to get out the bed - I need to feed my pet bunny in the morning.
12. Income security and comfort - this hits home.
13. Give up on being normal - I've never been "normal".

[scottr]

Thanks Joe for shining a light on the path that’s in front of all of us!

[alainmichaud]

Agreed to you list 7 years retired and time is going to fast ... ( no kid) but taking care of my elderly parents that is important, Today was a quiet day .. no golf, no motorcycle, no traveling, just putsin around the yard ...little thing to be done at my how pace. Some time missing that fast process of taking decision I was in logistic and love the job for 35 year...but you are right this goes almost all away since there is so many other thing you can do with your short tomorrow time for a small adventure

[HopeToProsper]

I have only been retired for 18 months and my career has already dropped off the radar. I spent 30 years as an IT Manager, and I realized within a couple months of retiring that I had new goals and aspirations. Loyalty from employers to tech workers has disappeared and so has my sense of obligation.

[Beautybytracilei]

I retired with a great pension 18 months ago but since then have been working part time. I may be looking at full retirement about a year from now. I do worry a bit about missing the sense of productivity and the social aspects of work. But I’ve realized that it matters less and less the longer I’m away from the office. This summer I was able to work significantly less and I found myself thinking less and less about work and guess what? It didn’t bother me a bit! I will miss the monthly monetary reward I get from work, but I know I’ll be ok.

[mkyvzlc]

Well said. Retired at 59 1/2 and wish I would have earlier. Thanks Joe!

[Comesailaway]

Wasn't hard for me to retire at 56 - couldn't find work in my field.
Took SS at 62 to get low cost obamacare health insurance to avoid $1000+/month heath care.
Essentially, the system made the decision for me.

[BadPhD]

Retired three months now. Don't miss my career a bit!

I made my first withdrawal from my retirement account a couple weeks ago, and there's MORE in my account now than before the withdrawal! Making 5% on those money market accounts and the stock market is still going up (for now)! 🙂