5 Things You'll Wish You Knew Before You Retire

Have you ever asked yourself what a happy retirement looks like and what should be your retirement goals and objectives? In this video, James Conole will talk about 5 common retirement regrets people have after they go into retirement and which retirement tips can help you have an ideal retirement. You will also learn what is the best retirement advice that can help you with retirement planning and prioritizing your retirement goals.

⏰ TIMESTAMPS
00:00 - Introduction
1:38 - Don't Wait To Travel
3:21 - What's Going To Excite You Most?
4:39 - Understand Your Social Goals
6:13 - Pursue What Matters Most
8:24 - How Can You Create Community?
9:09 - Create Your Secure Retirement

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[Mikesadventures-mq]

I heard that in retirement you need 3 hobbies. One that keeps you in shape, 1 that keeps you making money. and 1 that keeps you socialable.

[johnditoro]

I retired 11+ years ago at 55. Best decision of my life. While I don't disagree with these points, they do not align with my observations. I was a very high level executive for a Fortune 10 company. When I think about how fulfilled I am in retirement vs what I see from my peers, here is what I see as their regrets. 1) Not investing enough in their health and fitness. That's the key to having the energy in retirement to travel the world and take on new challenges. 2) Did not develop passions outside of work. And by passions, I don't mean children (they are going going to grow up and out and have their own lives). 3) Letting their job become their life and identity. You will crash when that identity is taken away. 4) Looked at that big house, high end neighborhood or even city as forever. Very few people spend their working years living in places that promote an active retirement (I don't mean golf). 5) Perhaps related to #3, but waiting too long to retire.

[lynnehrmantraut]

Retiring in 60 days…moved to the beach and established our forever home several years ago - we’ve made friends who are just waiting for us to come out and play!

[riohenry]

I had to retire early due to illness and I can assure you, your work colleagues won’t be around as friends. You need to broaden your focus if you want to retire happily

[kelly]

My husband and I just retired at 56 however we had travelled to more than 45+ countries during our working years. My husband was an expat so we we’re able to explored the world. Now that we’re retired we live in a quite life we bought a house in a 3 acres lot because we love gardening & we also start planting fruit trees. We live in a a very close net small community where everybody knows each other and we really enjoyed it. 🥰

[williamj.dovejr.]

50 years old here and the advice that you have given in this video is helping me complete the picture of what I want my life to be when my children are grown and I can do whatever I wish thank you!

[ChamPion-gujd]

Whatever. I am done working my entire life. If i retire i want to make sure that i will be able to afford to eat 3x a day, and a decent medical/health insurance. If i think about money 💰💰💰 money 💰💰💰and lots of money, I will never retire. I want to retire keep myself “stress-free”. Want to enjoy life the simplest way that I can afford.

[JudithLawrence]

You nailed this subject. I retired from disability and wasn't ready to give up work mentally although my body was shot. I spent the first few years looking for something to do within my physical parameters. That never happened and now I see it as a gift. I have started to enjoy the short trips I take. I take 2 days to drive somewhere whereas someone else would either fly or get there in one day. There are many shows around me locally so a dinner and a show it is. Also, I have to fight the urge to stay in and be a hermit. I force myself to accept invites and when I go, I have unexpected fun. My health is what it is but I don't have to let it rule my life and my attitude toward my limitations can change.

[marysmith]

To be honest when this popped up I almost moved on wondering how someone so young could possibly have advice on retirement. I was surprised to find that this is some of the most insightful advice I have seen and very well presented. Congratulations!

[randolphh]

Good perspectives! It’s not just about your portfolio. Lots of people regret retiring too late, and others regret retiring period.
It is really about trying to figure out what you want and then how do you get there. The problem is that if you haven’t been there before you may not like what you thought you would like.

[rmayerCPA]

Life is short. We each need to make decisions that create value for the time we have left. You have excellent advice.

[jettrenning]

Great advice especially from someone so young. Sounds like you really do listen to your clients. What you said about making sure you have friends outside of work is so true. I know two people who retired within the last year or two and are struggling with that very scenario. Their entire social lives were wrapped up in work and now they’re turning around in circles not knowing what to do with themselves. One is a man and one is a woman. They have the time and the money, but no one to have fun with. Your other points were on point too. Definitely something well worth our time considering. Thank you.

[CheckThisOut]

I like this guy. He is right to the point. Eg., don’t put off doing the things you want to do (even before retirement).

[rayburton]

THIS ADVICE IS GOLD! I HAVE SPENT MY. CAREER/LIFE WORKING AND DOING THE RIGHT THINGS FINANCIALLY. NOW THAT IM TWO WEEKS FROM RETIREMENT, I NOW NEED TO FILL THAT SOCIAL COMMUNITY VOID. GREAT POST 👍🏾👍🏾👍🏾

[jaquevius]

Great advice! I’m a physician and I’ve noticed over the years that the people that seem to be the most fulfilled in retirement are those that have a purpose outside of the home….but there is a balance of being enough to give them meaning but not too much to add stress and be a burden. I’m only 51 and several of my long term friends are likely going to retire around 55, so I’ve been crunching numbers and been actively looking into retirement planning etc. Although I could probably retire at 55, the thought causes severe anxiety in me because I’m cautious by nature, but also because of the “why.” I truly love what I do and I’m fortunate that I own my own practice so I can control my schedule. My current “why” is to spend more time with my 13 yo twins before they leave for college, so my current plan is to take off pretty much every summer to match their school schedule (and do a 1-2 week away vacation then as well). If I eventually start feeling burned out, my “retirement” idea is to only work three half days a week so I’ll be fresh, get to do what I love, give my experience and caring to others, and still have tons of free time. I honestly can’t see hanging it up for good until my 70’s, unless an unforeseen health issue etc occurs. Thanks for this advice and sharing your wisdom!

[SANTIAGOSANCHEZ-ywpd]

I'm down to 7 days before retiring, Thank you for these 5 statements....I believe I've got most taken care of....

[shamiles]

Your comments are so true it’s not just money it made me rethink things

[lilacbazzi]

Ever since I discovered your channel, I have never watched any other Financial/ Retirement topic channels ever again. You explain things clearly and precisely like no one else does . It is important to me at 60 years of age to understand (not just hear) these topics since I am planning on retiring at 62 .Thank you!

[edbaird]

James - you really struck a nerve here. Lots of comments. I will retire early from UPS at 57 with nearly 40 years in the company. I absolutely love my job. But finally being able to be home for supper will be in my top five reasons for retiring. Thank you for the advice, it is going to be helpful and applicable. To all of those out there who have worked hard like me, Good job and may God bless you.

[KB-pknb]

Yep! I have been traveling here and there because I don't want to be like my parents work most of their life and now they are too old and sick to travel. I am taking care both of them in the past 7 years. I make time a week or two to travel and decompress whenever I can. I always maintain my friendships and meet new friends as well. It is not easy at time but I make time.