8 Life Changing Tips From Retirees About Retirement Planning

They say, "Experience is the best teacher", which we can all relate to, and it's for pretty much everything in life. So, when it comes to retirement, getting advice from folks who've already retired can be super helpful. They can help you steer clear of common pitfalls and show you how to make your retirement years truly happy and fulfilling. Enjoy!

⏱ Time Stamp:
00:00 Introduction
01:34 Tip #1
02:39 Tip #2
03:29 Tip #3
04:27 Tip #4
05:45 Tip #5
06:51 Tip #6
07:54 Tip #7
09:01 Tip #8

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
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[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.

[FlorentGulliver]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for

[BlaiseOnowhosa]

I think it's especially difficult for retirees and near retirees, I know how to focus on the long term but the anxiety when you're supposed to be retiring in 3years is super exhausting, I've been looking into hiring a market expert as well.

[Casey-summer]

Many folks struggling to cover basic expenses often face this challenge because they didn't save enough during their working years. The choices made in preparing for retirement have significant impacts, as seen in my own family. Different investment strategies led to different outcomes. With guidance from a financial advisor, I'm now enjoying my retirement.

[patrickbrussels]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[johnben]

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.

[Tom-wnqf]

I find it funny when people drop invester names in the comment sections. I pray people dont fall for these scams. Please never give money to someone over the phone or online. Always meet with a financial advisor in person.

[BEAUTIFULDIANAFRANCIS]

The key to retirement is to Retire, and live a lifestyle that is conditional on your funds but you will need good financial planning.

[BoninBrighton]

My top tips
1. Envisioned lifestyle- it’s not possible to imagine as retirement goes through different stages: go-go slow-go and no-go
2. Saving: pay yourself first before you pay everyone else! Practise living on your future retirement income for 12 mths and save the difference.

[srconrad]

You’re missing a crucial word in Tip 5. It should be “Don’t retire too early.” Believe me, early retirement is a great thing assuming you have enough money to support your goals in retirement. Don’t work longer than you have to.

[wardogsgm]

The key to retirement is to Retire, and live a lifestyle that is conducement with your funds.

[pgvvyxe]

This video offers invaluable insights into retirement planning! Learning from retirees' experiences can help us make informed decisions for our own future. Thanks for sharing these life-changing tips!

[uffevcl]

Invaluable insights! Learning from retirees' experiences offers essential guidance for retirement planning. Thanks for sharing these life-changing tips

[rickertcoles]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[colin]

Best advice (same I gave my kids) is to start paying into a pension plan asap, and by that I mean in your early 20s if youre able. I never invested in stocks and shares and all that malarkey, just my pension, and that was literally from 20yrs old, and I think I will be ok. Btw, I find it weird that theres some English guy narrating this video but its all about how Americans should prepare for retiring 😂

[Jbertrand]

Great video, but the music of jingle bells in the background was a little distracting to me cuz it’s only May 😂

[aladinb]

this was really amazing video it was useful i got new information about it i like your content and thanks for sharing this with us .

[thebrain]

Don't retire early? That is specific to an individual. Don't tell people not to do that.

[sharadvishwas]

It's ok Good points discuss in this cartoon videos aftetall there is enjoyment of life did not ends after Retirement. Only money matters discuss, Hospitalazation etc it seems to be boring.

[tahirisaid]

Trying to build your income and prepare for retirement? It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $500k in a month during high inflation. You too can do same.