6 Uncomfortable Retirement 'Truths' You Need to Hear...

In today's video, we talk about 6 Uncomfortable Truths You Need to Hear (Or at least be reminded of).

Some of these feel uncomfortable on the surface but, after deeper thought, should actually be quite comforting.

Join us as talk through the 'softer' side of retirement.

Timestamps:
0:00 6 Uncomfortable Retirement Truths
0:22 Uncomfortable Truth #1
2:33 Uncomfortable Truth #2
4:57 Uncomfortable Truth #3
7:42 Uncomfortable Truth #4
9:47 Uncomfortable Truth #5
11:27 Uncomfortable Truth #6

#retirementincomeplanning #retirehappy #retirementplanning

- - - - - - - - - - - - - - - -
Always remember, "You Don't Need More Money; You Need a Better Plan"

[mimicotom]

I retired at 57 with a company pension. I kicked around for 9 months, then got a close to home, low-paying, no-stress job. Sold the house for mega bucks and moved to a smaller community. My advice is to retire when you can. I have seen too many people retire too late, then die 6-18 months later, never having to fully enjoy retirement. Take care of your health and get a hobby. I started taking piano lessons and love it. Good luck.

[williewonka]

Retired at 59 and wish I'd gone at 50. I find taking care of my home and property deeply satisfying, after decades of no time outside of work. I'm just fine with mowing the grass and maintenance. I could easily afford to have someone else do the work. This enjoyable hobby leverages the portfolio with my labor.

[Kevin_Carlson]

Finally, someone emphasizing important things like health, time and people! Most of the retirement videos I see are all about money money money.

[HighCountryRambler]

I planned and saved for retirement for many years and retired early with 2X my goals, then my wife had a stroke a couple months later. This wasn't in my retirement plan so it's true, good health is at the top of the list. Everything in the retirement activity bucket went out the window, and has become 'altered priorities'... Just my piece of advice.

[juliekirkham]

I just took all my kids and grandkids to Kauai! Rented 2 condos and a 15 passenger van. Best trip ever! Wouldn’t trade it for a million bucks.

[remowilliams]

I am 5 years into an unplanned retirement and still 7 years away from social security. The two things that will get you through are 1) sufficient cash base to ride out a bear market and 2) live materially below your means.

[jimclark]

Watching a 24 year old NFL player drop of a heart attack on the field pushed me to stop putting off retirement. I'm 59, Time is the most valuable thing we have!

[kevin]

I retired at 57, but wished I did so at 50. My wife and I have been conservative in how we invest and spend money and found ourselves in a good situation that I could exit the workforce. Best decision I ever made. I have life in me that we can do things together and enjoy ourselves while helping her aging parents. Key thing for us is that we paid off our home and are not trying to keep up with neighbors. We are fortunate that we live in an upscale community in the north shore of Long Island, but we downplay our situation. We drive Toyota's that are a few years old and our modest in our discretionary spend. This has not limited us, as we have been able to pay for two sons to go to quality universities and travel to about 30 countries during our time together. We are not special and believe anyone can do this as long as they put a plan in place, stick with it and start early.

[apeel]

It always boggles my mind as to how someone as young as you are can be soooo wise and insightful. Thanks!

[rapfreak]

I’m more than 20 years from retirement but these videos are still super useful in my long-term planning.

[rondematteo]

have a small lawn and that is therapeutic for me not work. waxing and cleaning my cars are therapeutic to me, not work etc.

[havenpersonalcare]

In 1997; my high school buddies laugh at me for joining the military.

Fast forward to 2023 @ age 44; I am too laughing, and so thankful I made that decision, as it propelled me for early retirement.

Retired with pension, low cost healthcare and rental properties.

Also, just relocated overseas with my family to reduced cost of living by 50%; thank God.

All the best everyone!

[julieokel]

Love this one Eric! We need gently reminded what the ultimate goal of retirement, free time, and what matters most is really all about!! No one I know gets near the end of life and wishes they had more money, but the would happily choose more time with loved ones.

[SammifromMiami]

This is your best video, hands down. This kind of advice only hits home once a person experiences retirement. I was all about the numbers. I couldn’t wait to retire from a job that required me to get out of bed EXTREMELY early in the morning. With 7 weeks of vacation I figured 45 more weeks would be even better! Until after the novelty of sleeping in wore off and the challenge of scheduling my days and weeks with productive activities presented itself.

[re]

The key to retirement is to be out of debt. No mortgage, auto loans and never carry credit card debt.

[davidfolts]

" You can't handle the truth!" according to Jack Nicholson, but yes, you really can because that's the reality of the situation. Stick to the plan and stay the course. This, too, shall pass, and where a great financial advisor can be a big help. Thanks, Eric!

[michaelgreskamp]

Retired at 60 - now 70. Have a low cost advisor through Vanguard that has provided excellent direction. I am well versed on many aspects of retirement planning but having a sounding board you trust is worth it. Excellent video and enough time to enjoy them is paramount for a happy and fulfilling retirement.

[jeffreylyons]

Finally somebody came through and reframed things in a brilliant way.

[sharontabor]

My mother was an introvert. Her only outlet and to make friends was working. She retired at 62 due to pressure from my father, who died 9 months later. She was miserable so returned to work until the age of 83 when her health prevented her from working. The last 5 years of her life was miserable for the rest of us. Not everyone enjoys free time. She and my father lived off his income and banked her salary for 30 + years.

[halleylow]

how is it someone half my age is twice as knowledgeable. ;) thank you