Retirement Expert Reveals: The 4 Most Dangerous Words For 50-60 Year Olds

The Four Most Dangerous Words For People v2

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💲 NEED FINANCIAL ADVICE? 💲
1) Google "fee-only financial adviser" or visit www.NAPFA.org (largest association of fee-only financial advisers). NOT an affiliate link
2) The first question to ask any financial adviser is, "Are you a fiduciary to me 100% of the time". Get the answer in writing
3) Please note that some people call themselves "fee-based". This is NOT the same as fee-only. Fee-only advisers have committed to being fiduciary to you 100% of the time.
4) Personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. Just sharing my personal preference.

⚠️ Azul's "Scammer" Warning ➡ PLEASE READ! ⚠️
Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them.

🚨 Azul's VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer) 🚨

The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.

This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors.

This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.

Spoiler Alert: There are no "get rich" programs. Rather, just basic blocking & tackling and putting in time and care. Do your homework, choose wisely and (IMHO) work with experienced professionals who are fiduciary to you 100% of the time.

[slicksmith]

I retired 7 years ago at age 55 with a pension and medical. I'm now 62 and collecting social security... so far so good.

[RodClarkson]

Your videos are great. I just paid off my home today and will be entirely debt free in 12 months. At 54, I realize retirement is just around the corner. Some of us are in denial, but we are reminded we are no longer 40. Keep up the good work.

[Breezeyogi]

I lost two friends this year. One was 62 and the other 63. The year before that, I lost two other friends who died at 65 and 61, respectively. Two of them had no symptoms of illness before they suddenly dropped dead. I'm 66 and want to fet out of the rat race, but I'm unfortunately not yet prepared to do si financially, so I need to work for about 5 more years. I made a poor decision 29 years ago that adversely affected the trajectory of my life, so here I am with a heads full of gray hair, Stage 3a Kidney Disease and Type 2 Diabetes, yet still working 12 to 15 hours a day. Plan well while you're young and be cautious so you can retire in your 50's and enjoy life before the Grim Repear pays you a visit.. .

[careym]

We can retire now, but our one more year is because It feels off to retire with kids at home. Our youngest will be a senior in high school next year. I’m itching to travel but still raising the chicks! Looking forward to June 2025!

[andrewstrakele]

I thought the dangerous words were “Hey! Let’s get married!” 😸

[markthomas]

You're really authentic, informative, compelling and smart, dude. I think you might be REALLY helping people.

[shanasvensson]

Any day now. Continuous downsizing and increasing goals with company knowingly picking off the 10% on a quarterly basis while replacing with newbies at lower cost. Good luck peeps

[Tehui]

I'm 49 and I want to be in a financial position that I can retire if I want to at age 65. I'm currently on track for that, but I'll still need good luck to avoid negative financial events such as health issues or redundancy. If I get to 65 in good financial shape, I have a feeling that I'm going to need my close friends and family convincing me to retire, as I'll have the "just one more year" thought and feeling within me.

[山本直樹-bm]

I’m currently 52 years old. Your channel is very helpful and insightful 😊

I just want to thank you 👍

Peace and Love from Japan 🇯🇵

[IAEnginerd]

I really like Azul’s videos. I’m in my late 30s, and his videos really help me put my goals and priorities into perspective as I model out my financial plan.

[JanMuench]

I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.

[cuz]

I lost two close friends last year, both in their 50's and athletic. I'm glad I retired at 60.

[weekenddistractions]

For me, it's not about money now that I am 65. My wife (mid 50s) got diagnosed with a blood cancer last year, and my youngest son is disabled. They are on my [very good] health insurance and need to stay there as long as possible. I have no idea how to make this work out except to stay put.

[SniperLogic]

The Millionaire Next Door was a captivating and inspiring educational book. Relevant when published, relevant today.

[willjay]

If you are able to continue to save, save. As my mother used to say, "You might want to go on a trip." Another lesson that I learned from a former co worker whose wife was diagnosed with stage 4 cancer four years into their retirement is that he could say to his wife "If there is anything that you have wanted to do that we have not done, now is the time to do it." They worked so that her last years were rich in life experience.

[donaldmiller]

I did retire right before my 62nd birthday but should have listened harder to my new at time advisor when he said loosely at end of one of early conversations some years before...."you know you can retire now"..:-)...just mentally hard to leave known security ...good advice.

[nealinnc]

I'm trying to work less and spend more but old habits are hard. I have an engineering business so other folks rely on me as well. My net worth has doubled in the last 5 years and quadrupled in the last 12 or so years. It took me 20 years to get my business running like a well oiled machine and I don't want to just quit now. I could retire, but I remember 2000-2002 and 2008-2012. I also remember the early 80's but I didn't own anything and was just working paycheck to paycheck.

I appreciate this channel.

[viajandomundo]

Another great video. Love to hear from a professional who is himself recently retired, so speaks from own experience. The huge unknown: How long we have left. If we only knew. It would be scary, yet helpful in planning.

[wilfredonievesjr]

I retired at 55 this past January. Physically demanding career and military service. (38 years total)

My body told me it was time. I have been preparing for this since I was 25 years old.

It felt great leaving on my terms and while on top.

[jeffreylindley]

My company was just bought out. It hasn’t went thru final approval yet but when it does, if I don’t like what I hear it may be haste la vista baby!