The BEST Retirement Advice EVER From Retirees (7 Examples)

Here are 7 great pieces of retirement and financial advice from retirees on retirement.

Hi, my name is Duane. After a career in the music industry, I retired early at 59 in 2021 with just over $500K. Soon thereafter, the stock market (and my investment portfolio) tanked. This is my early retirement journey.

***I AM NOT A LICENSED FINANCIAL ADVISOR OR PLANNER. THIS CHANNEL IS MEANT TO PROVIDE GENERAL INFORMATION ONLY THAT MAY INTEREST YOU. PLEASE CHECK WITH A PROFESSIONAL BEFORE ACTING ON SPECIFIC FINANCIAL OPINIONS***

If you received some good info from this video, feel free to buy me a coffee!

[Michelle_Sanders]

I retired 5 years ago. My wife retired two years later also at age 60. To date we have not touched a dime of our retirement savings. We are having zero issues living on nothing more than our Social Security. What's our secret? Simple, we retired debt free. Just remember it matters more how much you own than it does how much you have. It's a simple plan. Take care of your debt before you retired and eliminate money worries after you retire.

[akc]

1. Know the cost of the lifestyle you want *before* you retire.
2. Start saving ASAP - like now.
3. Engage in a purposeful activity in retirement (volunteer, learn something new, etc.)
4. Stop comparing your retirement situation to other’s.
5. Retire as soon as you are ready and able to.
6. Find emotional supports, either individuals or groups. ESPECIALLY if you’re single.
7. Maintain your health.

You’re welcome! 😊

[phmiii]

Retirement is the Best Vacation Ever! Just staying at home is Wonderful!

[MrHerks]

I’ll be 55 this year and decided I’m retiring at 62. I just started a 401k today and went aggressively, I’ll only get $1, 200 a month from SS and have $0 saved but I am a simple person and with rent assistance I can absolutely do it. Even if I work part time doing something enjoyable. I’m done, I can’t do it anymore. 👏👏👏 wish me luck lol

[MichaelSmith-gqrl]

Everything he says is all secondary to your health; if you neglect your health or your health is weak or bad, everything is less meaningful.

[alexandraadams]

Good video! I retired the end of 2019 with 46 years in. I had no plans or anything but I was definitely tired of working. I heard I would make more retired and after checking into it, found it to be true! I have never been happier and don't miss work at all. It's the first time in my life that I can do what I want and whenever I want. I wish i had planned better because I probably could have retired sooner. I'm living the life now. I am working on my health too as I never had before and that is one regret but I'm going to give it all I've got. Also I am a Christian so that has helped me tremendously and God is my support in every way now. I have a great life and hope it will be much longer (I'm 67 now).

[richardspenard]

My strategy is to put half my income into the stock market at the start of every month, regardless of what is happening.
The second part of the strategy is not to sell for at least 15 - 20 years. Time in the market beats timing the market.

[garyrobinson]

I'm 67, still working 3 days a week, one day in the office, two days at home, I'm fit and healthy, I feel like a 40 yr old, I'm only working because my wife doesn't want to retire for 2 more years. Taking advantage of the UK pension tax relief so using most of my salary to pay more in to my pension pot, I'm already receiving state pension and a service pension so I need to pile money in to my pension pot to avoid 40% tax. I could easily afford to retire now but a 4 day weekend every weekend is plenty enough time for me to do what I need to do while I wait for my wife to be ready to retire. I agree, retire if you can afford to but don't do so if it means you will be struggling financially, that isn't a nice place to be, especially if you are working part time and are not stressed and you have your health. My key advice is, make sure you are completely debt free before you retire and your priority is your health so invest in that, diet, lifestyle, exercise, sleep 🙂

[danielkendall]

If your young take care of your health, don’t wait until your retired, go into retirement with good health. Another great video Duane 👍👍

[AnnMitt]

In anticipation for my early retirement (60 yrs old), I had several tests and procedures done before I ended my workplace health insurance. One of which saved my life. I still feel like a guardian angel was looking out for me.

[Lulusvideos]

I’ll be semi retiring next year at 62. I still want to work part-time, but more on my terms, not with a company where I’m so micro-managed down to every minute of the day. Paying off credit cards and saving, and living as simple as a life as I can. Love retirement videos.

[rah]

Top 3 Best Moves (we thank ourselves often):
- Eliminate or drastically reduce debt,
- Estimate yearly budget, include fun,
- Create a 3 year cash reserve. Live on the cash when market is down & replenish reserve when market is up

[pensacola]

I retired 16 years ago at age 57. It took me some time to get my retirement sea legs. How to fill time, finances, spending etc.

Now we have a very full life. We volunteer, get involved with the community, socialize, do cultural events and spend a considerable amount of energy and money on traveling. It was worth the planning and sacrifice. And don't be frightened away if you make a mistake. Just fix it.

[virginiasanmiguel]

TY for the advice. We have to have a purpose in life otherwise we will get depressed . I walk 2 miles a day, I volunteer at senior center. I eat very healthy n take no medication. I’m now ready to travel while I’m still mobile. Thanks

[andrew.alonzo]

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 never imagined to happen. . It’s so difficult for people who are retired.

[chuck]

I wish my 58 yo self could have a 5 min chat with the 20 yo self….just on the topic of saving

[Jenesis]

I worked in public sector and had long-term coworkers who aged with me. Perhaps they were married with kids to raise therefore not much time to exercise and cook from home. I saw their health declining. A few wanted to work but had to retire due to mobility or health issue. My goal for old age has always been health and enough to live on. I don’t need multi millions because my need is simple and have no heir. But being mobile, flexible, and healthy is number 1 priority.

[michaelwilloughby]

I retired at 58 now 78 best job i ever had.

[seeyawouldntwannabeya]

I was involuntary retired 11 years ago at age 59. My profession was taken over by computers. So I was shown the door. I had done this profession for 34 years and I loved it but it was over. First thing I did was learn Excel. I had always wanted to use Excel but I didn't know how. So I started watching youtube videos to learn Excel. I had investments from work but I really didn't have a budget or how much I spent every month. I use Excel to track my spending and investing now. Comparing yourself to other retirees is not good, don't do it. For instance a retired family member is always on some vacation trip. My job involved traveling so I really am not that interested in traveling. I don't like hunting or fishing so that is kinda of out. He is right about keeping yourself in good health also. I ballooned up to a max weight of 185 lbs. So I decided to lose some weight. I completely changed my diet and lost 54 lbs and started mountain biking. I really like biking because you are out in nature. So I go out and get my pulse to 135 for over 1 hour 3 times a week. I used to run but it was hard on my joints so I stopped 20 years ago. I haven't had a pizza or hamburger since 2018. This has enabled me to keep my weight down because I lived on Pizza and Hamburgers/French Fries before the weight loss. Before the weight loss my doctor wanted me to go to a class because I was approaching being pre diabetic. I was able to reverse that by losing the weight.

[erictheblue]

Really good advice: I have several years to go until a plan to retire (67) but definitely planning for it the best I can. In retrospect I should have started five years earlier, but I've learned not to dwell on what I should have done. I focus I what I can do now.