Having the right financial resources in retirement is important, yet some of the most affluent retirees are not happy. Moreover, many retirees who enter retirement with a big nest egg run out of “nest egg” long before they run out of “retirement.” On the other side there are those that have little to no savings entering retirement and are EXTREMELY happy. The difference is what Geoff calls the retirement focus and this video discusses some of the main elements.
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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider….(read more)
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Great video thanks!
Very good info. I’m on that list!
I retired 20 years ago at 45. What a trip. Originally I was planning to take just a few months off. One crazy thing is how much I love walking. 2-4 hours a day. Here in Phoenix we have bulk trash pickup every 3 months. So on walks I see cool stuff people have thrown out and I drag it home. And outside of bulk trash times some people just set out useful stuff they don't need any more for others to take. To me it's like shopping but even better. A treasure hunt. I garden and have many plants that were found at the curb. The office chair I'm sitting on was curbside missing 1 wheel. Block away another office chair, trashed, but with the exact same wheels. Snap off one, snap onto the other and new chair. I've had several of these found chairs over the past 15 years. Garden hoses no problem, all I want. A lot of building materials…just added a bathroom to my house and grabbed a curbside toilet and bathtub in perfectly good condition. Grabbed an extra toilet just to remove the flush valve because my current toilet valve is leaking. Hude solid copper birdbath. Love that Americans shop so much because they have to throw out so much cool stuff to make room.
ha ha, have a child in your mid 40's and you can be retired and still a parent too 😉
I have never regretted NOT buying something, the same can not be said for my purchases. Another good video.
Hi. Thank you for your excellent videos. I am 61 with a pretty large portfolio. I also own commercial and residential investment properties. I was in IT for 30 years and now I’m driving for the Board of Education where I live. I love it! Out early every morning and do a lot of athletic team trips as well. Plus I get medical and dental coverage for next to nothing.
This is good advice at any time in life as well as retirement
You described a life of typical American, not just retired one. They all love to waste money.
Every day volunteer …..clean up community poor areas, Endorphins and dopamine ….costs me very little ,,,,get many thanks for neighbors yeah!
staying single and healthy is #1 and #2 to best situation to retirement.
I'm 65, never worked in America and just recently moved here form the UK. How do I sign up for SS?
“An emergency lawn cutting situation.”
Dang! This guy knows me better than I know myself! Lol!
EXCELLENT
the best plan to die before you reach retirement age
I have been retired for six years, and the last thing I want to do is to "plan every day." I had to do enough of that out of necessity during my working life. I think once you get to retirement, you'll see things a little differently.
As for the shopaholic problem, this was never anything I did. I have been a saver, not a spender, my whole life. Now that I'm retired with a good income, my biggest problem is allowing myself to buy the things I actually need and want.
I realize I may be the exception, but I think there are probably a few other viewers in my position.
I really enjoy your videos, Geoff. Thanks for posting!