RETIREMENT REGRETS: Top 5 regrets from elderly (70-80 yrs old) retirees!

#RetirementRegrets #RetirementMistakes #RetirementPlanning

I had the chance to take with may senior (70-80 year olds) retirees and asked them what some of their biggest retirement regrets were. Here are the top 5 regrets from the senior retirees!

I hope you find this helpful and/or enlightening. If so, please leave a like and consider subscribing if you enjoy this content.

* DISCLAIMER *
All advice given is my opinion so please take it for what it's worth. Only you can determine what is best for you. Sharing my experiences and advice is just that, sharing. Hopefully it can help but it might not. Any financial advice I highly suggest talking to a registered financial consultant.

[kortyEdna]

Am 58 retiring next year but the thought of retirement gives me weakness. 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 and have no savings or loved ones to fall back on.

[davidcattin]

1. Retired at 56. 2. Never had a problem spending money. 3. At 68 I'm in good shape (don't take any medications). 4. Hobby? I have a big house and a yard to take care of. I walk, bike, lift weights, visit with friends, go to shows and other local events. 5. I have traveled and don't care to anymore. It's expensive and a lot of work. If I get in the mood, I'll go, but happy enough to stay home. Regards from Indiana!

[chucknorris]

My Grandfather busted his butt his entire life. Finally retired and his brother got sick so he spent 2 years caring for him. Slightly after that, he was diagnosed with Leukemia. My father worked longer than my grandfather only to have his wife be diagnosed with MS. Enjoy life while you can. Nothing is guaranteed.

[khemkaslehrling]

Very well done. Thanks for the overview!

1. Retired earlier
2. Spent their money earlier
3. Taken better care of health
4. Taken up a (challenging) hobby
5. Travelled more

[eggs]

Thanks for keeping the video short. Most other youtubers would make this 30 minutes. :)

[johnpierce]

I work in physical therapy in a skilled nursing facility, I’m 64 years old, and have every intention to keep working past 67, at reduced hours. The one piece of advice I can offer to absolutely anyone but especially to the 50 plus population is exercise. It really is a question of use it or lose it. I’ve seen the entire spectrum, people a decade younger than I am who will be maintained medically for several years with no real quality of life, and people 100 years old or more who still get around amazingly well. Movement is the key

[maistephens]

I am glad I retired at 62. Now I have more time for myself, spend more time with family. I find that living in harmony with natue and gardening really make my life more enjoyable.

[NoMoreTears]

I retired at 62. I did not plan to but didn't want a certain medical thing put into my arm. I believe everything happens for a reason. I was able to spend much of last summer with my 29 year old son while he temporarily stayed with me. THAT was a gift that I have come to treasure because he died suddenly last November. So, I would say, "retire when you can and enjoy your family " you never know when it will be too late.

[onlyhuman]

The hardest thing in life that a lot a people forget is…
“Be grateful for another day above ground” a daily walk around the park to a long flight to where ever
don’t waste it

[charlespratt]

Nobody ever looks back on their life and says " I wish I spent more time at the office".

[Elaba_]

Don't cry because it's over smile because it happened.

[Michaelmontana]

#3 is #1. All that needs to be said. I am retiring before 60 and diet and exercise have been the cornerstone of what I do most of my life. At 52 I still run a sub 8 min mile and workout every single day. If you stop you are done for. Exercise is the single most important thing you can do.

[IusedtohaveausernameIliked]

Taking care of your health is important at every age. Your body is really your only real possession and you can't buy a new one for any amount of money. Having health is what allows you to do everything else.

[jackv.]

Retired at 55 (3yrs ago)...and a key lesson learned so far in addition to the 5 you mentioned...is make new friends...you may outgrow your life long friends cause many of them can't or won't retire...so find people that are in the same phase....it's wonderful but it does take effort.

[calerothenis]

Retirement for some people becomes their bondage in poverty because they failed to invest with the little they have on their active years of working, this is an error we need to start working on now, I’ll advise that while you still can work and earn also take some money aside and invest in your future after retirement so this classification won’t have to be yours

[kevin]

I retired at 57, 7 years ago. My wife and I saved and invested early allowing me to exit the workforce when I did. We are not special and believe most people can do this with the appropriate level of planning and discipline.

The key message I would communicate to others is don't delay retirement if you have the financial wherewithal to do so. Too often I have seen many people delay retirement and then experience health issues which constrain the very things they wanted to do post-retirement.

Moreover, the most significant benefit of retirement for me is that I no longer have to deal with people I do not want to. That has proved to be the ultimate blessing.

[kenlandgren]

I was a US Army Officer and retired at 45 with severe PTSD. I was fortunate that I did not need to work, thus I could spend time on healing and pursuing my interests. I wrote a cookbook and PTSD healing book. I have immense gratitude for being able to retire young,

[Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[outbackwack]

Great insight, thank you for this! We retired at 55/57 from Boston to Phoenix in 2017 (now 62/64). Thanks to very low interest rates, we opted to refinance our Boston house in 2010 after the crash and buy the house in Phoenix for $168k cash, and it's now worth $575k. Yeah, we volunteered and had hobbies but still sat around way too much watching the boob tube. We bought a truck and travel trailer and did a 1 week trip every month for a few years until selling them in 2022. Then we bought some land near Knoxville, TN for the next move and bought a used motorhome and a new Jeep to pull. 1 year ago we decided to rent out our house in Phoenix and go full-time in our motorhome until we start building our new home in 2026. We are now on day 355, 11, 500 miles, campground 80 and state 25 on our way to seeing all 50 states before selling the house in Phoenix and settling in Tennessee. Afterwards, we'll rent out the motorhome for passive income and start doing cruises and international travel again. I'm on my 2nd bout of prostate cancer but had radiation last year, and 6 months later I can still ride my non-electric mountain bike 50+ miles at 11mph average and hike for hours. Because of the cancer gene I opted to take social security at 62. And I'm with you on the "too much sweets"! For the younger folks, my advice is INVEST as much as you can as early as you can (start with any S&P500 ETF)! We'd been investing 20% of our income since our early 30's and delayed buying and spending beyond our means. Now, we can pay cash for a new $600k house, and we both earned under $100k/year. DINK helped a lot! (Dual Income No Kids) LOL!

[Matt-nj]

I'm just 67, but I retired when I was 55. I hated debt so since my home was paid off, I froze my credit in 1997. I began to travel when I turned 40 and I had a beautiful place in Dominica, West Indies, where I would visit for 2 weeks twice a year. I was in a lot of jungles and volcanoes. I had a good sum of investment money that I converted into precious metals starting in 2017 and the value has nearly doubled.. I have more now than I did when I retired. I have a home on 4 acres and I grow a lot of my own food. I got solar in 2016 that gives me free power and pays me $460 a year in solar credits. I enjoyed the video because it confirmed that I did the right thing. The notion that I would have spent the last 10 years working is an awful thought! Best of luck to all who see this. Cheers!!