17 Retirement Mistakes That Will RUIN You {Biggest Regret}
Рет қаралды 66,756
Күн бұрынToday, we're discussing some of the common mistakes to avoid in retirement. Whether you're already living a frugal life or just starting to think about retirement planning, this video is for you. Retirement should be a time to enjoy the fruits of your labor, but it's crucial to avoid pitfalls that could derail your plans.
Living below your means is a cornerstone of frugal living, especially regarding retirement. We'll discuss why this is so important and how it can make your retirement lifestyle more enjoyable and stress-free. From managing your expenses to planning for unexpected costs, we'll cover the essentials of frugal living in retirement.
Understanding what to expect in retirement can help you prepare better and avoid common mistakes. We'll explore how to set realistic expectations for your retirement years and ensure you're ready for this new chapter of life. It's all about maximizing your resources and enjoying a fulfilling, worry-free retirement.
By the end of this video, you'll better grasp the key areas to focus on to avoid those costly retirement mistakes. We'll share practical tips and insights to help you confidently navigate retirement planning.
________________________________________________________________________
💰 Budget Planner (FREE): frozenpennies.lpages.co/budge...
________________________________________________________________________
Looking for an online app to help you with your money? Check out Simplifi from Quicken: quicken.sjv.io/frozenpennies
Check out the cheapest cell phone plan and save some money with Mint Mobile: trymintmobile.com/frozenpennies
Links included in this description might be affiliate links. I may receive a small commission if you purchase a product or service with the links I provide at no additional charge to you.
As an Amazon Associate, I earn from qualifying purchases.
Check out the frugal home goods and books to save you money!
Frozen Pennies Amazon Store: www.amazon.com/shop/frozenpen...
________________________________________________________________________
I’m so very happy to have you here. We are all about saving money at Frozen Pennies. Whether you have a goal like debt freedom, purchasing a home, retiring, or just making ends meet, we are all about making that happen. Here you’ll find tips on saving money on groceries, ways to tweak your budget, and living an overall frugal life (all while having more fun)! Thank you for supporting my channel.
About Sara:
Sara is a wife, mother, and creator of Frozen Pennies. With an English degree, a former teacher, and a Certification as a Financial Coach, there is no better place to learn about debt freedom, budgeting, and frugal living.
________________________________________________________________________
DISCLAIMERS:
- Links included in this description might be affiliate links. I may receive a small commission if you purchase a product or service with the links I provide at no additional charge to you.
- Information on this channel (Sara Conklin, Frozen Pennies) only represents my thoughts and opinions. I am not a medical doctor, medical professional, or financial advisor. However, I am a certified financial coach. All content on this channel is intended for entertainment, informational & inspirational purposes only. Don't hesitate to contact a professional with any questions. This video and all videos on this channel are a means of social support.
@ruthdennisKnits 16 күн бұрын
I agree with being socially and physically active. My sister is only one year older than me, yet she walks and looks like she’s 10 years older. I’m 73 and was forced to retire in my early 60s when my company moved out of town. From the first day of retirement I began going to the county run community center where they have all kinds of activities and classes. I met new people and there is always something to do. I’m now a widow and in a few years I’ll be moving out of state with my only child and the first thing I’ll do in my new home is find a community center ‼️ If there isn’t one near me I’ll find a church and volunteer. Anything to meet people and stay active and alert
@cgt6497 17 күн бұрын
The hairdresser charged you so little for the haircut, I'd give her 20% for sure. It's a wonderful cut and she is just getting started, so I'd choose to be generous. (I'm retired too, so on a more modest income, but still prefer to tip well. I just choose to eat out or get haircuts less often instead.) P. S. I'd also spread the word about her. That would help her greatly.
@nata3467 17 күн бұрын
just paid off my mortgage ( in 9 years) feels AMAZING to be completely debt free.
@Nisa-gm5wg 17 күн бұрын
Congratulations!!! It is the best feeling to be completely debt free. We’ve been free since March 2020 then the pandemic happened the very next week.
@loriloristuff 16 күн бұрын
Congrats!🎉
@Maxx-mw2zt 16 күн бұрын
Congratulations! God willing, I will be paying off mine in 2026.
@debikeeney 16 күн бұрын
Congratulations! What freedom!
@julieg.5718 16 күн бұрын
Congratulations, well done!! My 63 year old husband and downsized 7 years ago then paid off the mortgage 2 years ago-we are happy and relieved to have no debt!
@sallyprzybil2404 17 күн бұрын
Along with downsizing is: move to an environment with a lower cost of living. Because you are no longer working you don’t have to be concerned about the ‘jobs availability’ in the area you move to. This opens up smaller towns and small cities as great places to retire.
@roddiesimmons8773 9 күн бұрын
Totally Agree! I live in Northeastern Brazil in my Brazilian wife's three-house Assisted Living Compound, debt-free, in a small town with a very positive $1USD = $4 of the local currency. The glass-enclosed State of the Art You Tube Studio I created also helps. 😎
@GrammyNM23 17 күн бұрын
I LOVE your haircut! That style is adorable on you!
@cindyneal5580 16 күн бұрын
I also really love your shorthair ..it looks super cute on you .
@curlyb4c95 17 күн бұрын
I retired with full Soc Sec (waited until 67) and my full retirement from my job. And after some years, went back to work full time in a different field. I enjoy it. Truly! So I have 3 streams of income. I travel when I want, live and enjoy 😊.
@michaeltoney2277 14 күн бұрын
Good you deserve that. I hope SS is around when I am old enough. The government has used that fund as a piggy bank.
@lindamayer2529 2 күн бұрын
I wish I had retired
@lindamayer2529 2 күн бұрын
I wish I had retired in good health. I would have gone for another job😂😂
@kburkes4245 16 күн бұрын
Here's the rule about earning income while on social security: if you retire before your full retirement age (FRA), social security will take back part of your monthly check if you earn more than 22,320 annually (2024). Once you reach the year of your full retirement age, there is no longer any limit on earnings. I know this because I just retired and I'm still working part time.
@amymasi9110 2 күн бұрын
Ohhhh excellent point!! I’m working until at least 67 as long as my health and energy holds
@deecee901 17 күн бұрын
I went into retirement with a mortgage. Its case dependent. I have a pension as well. Yes it be great without it. But im ok.
@cheryllilley5115 11 күн бұрын
Also, when your mortgage interest rate is 2.6% (as mine is) it doesn't make sense to pull $$ out to pay it off when that $$ is making way more than that in investments!!
@FIRE_DrNinjaTurtle 17 күн бұрын
The first thing I noticed was the hairstyle 🙂🙂❤❤❤
@saraconklinfrozenpennies 17 күн бұрын
LOL! Kind of hard to miss that one, huh? 🙂
@silentnot4812 17 күн бұрын
You are not “just living on social security” if you are getting assistance from the state or other government programs.
@johnnysimes5082 6 күн бұрын
Would be better to say "social security is the only income source."
@flohough1870 17 күн бұрын
Love the hair! I'm always amazed at the number of people who take on large amounts of debt when they are approaching retirement age when they don't have to.
@sleeplessinchicago9082 15 күн бұрын
Your hairstyle is amazing. I would not change a thing. You have a great hairdresser; do not hesitate to overtip.
@lindabourketempleton4040 16 күн бұрын
I just Retired in may I sold my house and bought a motor home . Going to travel around Australia, just wanted to get the hang around and see how the motor home works, getting new dentures and other medical issues sorted before I head off
@HollyHobbie-ll8nq 17 күн бұрын
Hi Sarah, I had a 401K from an old job. I changed it over to an IRA. I am not considering that as part of my monthly retirement income when the time comes. I am leaving that as my 10,000.00 emergency fund. It is also my hedge against inflation.
@deanlol 8 күн бұрын
Forget side hustles. Go bowling, play pickleball, get into archery, read more, exercise, volunteer if you really want to do some work; you lose nothing if you quit volunteering. Be free, don't chain yourself to another job.
@bethfromva6375 17 күн бұрын
Love your new haircut! I think the length is perfect🙂 And I tip based on service, not on ownership… If I had received that awesome cut and great service, I would have tipped 20% regardless of the fact that she owned the business.
@DestinationRetirement 12 күн бұрын
I have a home in Mérida Mexico that is mortgage free. That is where I will retire. Love your content! Wise and intentional!!! No sport shopping. I call it fritter spending and I ask myself when I am faced with a "thing" I want to buy and ask myself if it is a fritter purchase.
@colleenwebster8762 17 күн бұрын
We are not retired yet but health care is a big question since we will both. Retire before we are eligible for Medicare ( you may want to change your wording in the video since Medicaid is different from Medicare.) We are planning on having enough cash saved for several years to live on prior to retirement and then sell one of our houses so that our “income” is not too high to effect the cost of healthcare. my husband also has a lot of sick leave built up with his employer, we hope we can purchase insurance from his employer with that for a couple years. But that really only helps us a couple years and who knows what will happen. Your hair is very cute, tip her the 20%! I usually tip20% but only get my hair done a couple times a year.
@sandiellett1786 17 күн бұрын
Consider getting ACA insurance, it's so worth it. Medicare will cost more than I currently pay for my ACA monthly premium. At least consider a catastrophic plan for emergencies and surgeries. If you are eligible for Medicaid, that is also a very good medical system.
@Debbie-Savings 17 күн бұрын
@@sandiellett1786so ACA is different than getting Medicaid? Is it one of those Medicare Advantage plans? I’ve heard the Advantage plans don’t always pay and for some much needed health procedures, your health care providers have a hard time or even get turned down on getting those things paid for. Does anyone have any suggestions on how to find an affordable supplement that don’t break the bank? My husband is going to sign up in November for Medicare.
@lisaremy4817 17 күн бұрын
Great tips! I love your hair style, it is so flattering and beautiful on you. ❤
@Magazinelady 17 күн бұрын
I love your haircut. I think it looks great for summer. It looks lighter by weight, not color. You may miss your longer hair. It will grow back quickly! You really liked the woman and are very happy with her work. I would tip her. I googled this. It is now standard to tip the hairstylist even if she is the owner. I always waited quite a few weeks before getting my next haircut.
@sandiellett1786 17 күн бұрын
After you reach full retirement age (FRA), you can work as much as you want without penalty. For anyone born after 1960, that's age 67.
@vickijacobs1853 10 күн бұрын
Each person needs to check their full retirement age. I was born before 1960 and my age was 66 1/2
@laurapicht 15 күн бұрын
as a stylist of 46 yrs w/a hair studio here at my house for last 22 yrs ( we converted 1/2 the garage ) i keep my prices low…mainly because i don’t pay chair rent at a large salon💕 ( 22 yrs ago it was $170 a week booth rent ) about 1/2 of my clients tip….it’s all very appreciated 🎉😇
@KimberlyAnn1971 17 күн бұрын
Awesome video and so informative! Love your new haircut! My hairstylist works out of her home, too. She charges $42 for a wash & cut (no styling). I give her an $8.00 tip so I know it’s always an even $50.00.
@joyceclark8163 16 күн бұрын
My hair dresser works out if her home ...she literally charges $10 for a haircut and styling...I give her a $10 tip to make it an even $20...and yes she dies an excellent job.. She is a hidden gem
@sallyprzybil2404 17 күн бұрын
Before you retire, when you’re preparing to retire, come up with a Hobbies Plan. Write down all your hobbies, interests and write down low cost ways that you can enjoy them. Writing, drawing are inexpensive hobbies. Write down family stories. That is a nice legacy to leave your kids. It can go along with genealogy. Some stories, descriptions of the people, families in your genealogy gives life to them. Also, before you retire come up with a ‘Stay Healthy’ or ‘Become more Healthy’ plan. And implement it. Staying healthy in retirement is as important, maybe more so, than having lots of money.
@Maxx-mw2zt 16 күн бұрын
Wonderful advice, thanks!
@Nwladylaura369 16 күн бұрын
Would love to be healthy, but some things can’t be changed. Autoimmune and back issues make for less than a strong body! So I’m much less active.
@sallyprzybil2404 16 күн бұрын
@@Nwladylaura369 Taking care of those things should be in your health plan. I have cardiac and kidney issues and measures to cope with those are in my Health Plan. Some of my measures for those are: low salt diet. Take my meds. Don’t miss Doctor visits. Keep copies of my labs and understand what they mean. Increase vegetables and fruit in my diet and lower meat consumption. If I do eat a meat always eat vegetables with it to neautrilize the bad effect on my kidneys. Having a Health Plan does not mean you’re in tip top shape. It just means you’re consciously taking care of issues you have and trying to prevent further issues/damage.
@FIRE_DrNinjaTurtle 17 күн бұрын
I recently started my KZfaq channel and I suck, but I will keep posting until I get as good as you. I am financially free and retired so I have time to improve as I do not need KZfaq income.
@saraconklinfrozenpennies 17 күн бұрын
Oh, we ALL suck when we first start! Don't give up. You got this!
@paisleyhunter 17 күн бұрын
I'm retired as well. I started my channel on May 15th! Best of luck to us🎉
@FIRE_DrNinjaTurtle 17 күн бұрын
@@paisleyhunter I have to check out your channel. I am sure that yours is better than mine. I am not looking for job in retirement, so mine will stay low budget 🙂🙂🙂 Best of luck.
@FIRE_DrNinjaTurtle 16 күн бұрын
@@paisleyhunter I have emailed you
@user-bg9em7ch6k 13 күн бұрын
Actually, I’ve watched a couple of your videos and you definitely don’t suck😁
@user-gm1kl6xy4m 17 күн бұрын
I used to play pokies on a regular basis I went cold turkey it's been over two years plus yes I got tempted as stress relief time paper then now I practice frugual life style and saved $$
@saraconklinfrozenpennies 17 күн бұрын
And it really does take practice!!!
@5877user 6 күн бұрын
When my husband and I were still working, we put as much into our 401 and 451 as we could afford. We did a yearly vacation and maybe a trip to Vegas to see a show. We didn’t fund our kids’ college education except for the first year. Then we told them that they would have to get student loans because they were now adults and needed to appreciate paying for their education.
@Savannah-ed4rv 16 күн бұрын
I think it's better to have an enjoyable life your entire life! Not just your retirement. We should be doing things that are fulfilling God's purpose for us. That being said we do need to plan ahead and be prudent with our savings. 😊
@robp9746 14 күн бұрын
Smell the roses along the way, but prepare for tomorrow if you’re lucky enough to get there.
@lynnephelps2370 17 күн бұрын
I'm retiring in a couple months and I currently have my hair professionally colored. $$ It looks glorious, but I'm seriously considering going gray to eliminate that expense. And my haircuts are NOT $30, that's an amazing find! Looks great!
@Michelle-bw1xg 17 күн бұрын
Best thing I did was to let my hair go natural. Various ways to go about it, I looked at You Tube. So nice to not have that hassle anymore (I dyed it myself). Now I have shoulder length gorgeous gray hair.
@loriloristuff 16 күн бұрын
I love my gray hair! You might want to consider having it toned, which is essentially the same stuff men use to "even out" the color. My stylist uses T9 from Redkin. Takes 15 minutes total, much cheaper than color and foil.
@Nwladylaura369 16 күн бұрын
I color my own hair, but would love it if it was all gray! Guess it will take some more time. My stylist cost about $55. I only go a few times per year.
@MadisonBriggsArtchick 16 күн бұрын
Medicare is what you get at 65, not medicaid. Medicaid is for low income. You can qualify for both if you are very low income.
@QueenJooseLaMonica 5 күн бұрын
No.....its different in some cases. I got MEDICARE at 39. Due in part to receiving my ssdi cuz of serious med conditions. Im 55 currently... The judge also had awarded me Medicaid for one year. She also DIDNT rule on Social Security's medical report findings....she went by my medical records at the Veteran's hospital, cuz thats where my docs are. SSI folks receive MEDICAID. Im on SSDI....which is based on the years of work u put into the system. Just thought some ppl should know that. Every case can be different...😌
@dizzysdoings 17 күн бұрын
I am so thankful that I have good insurance, especially since I had heart surgery in February!
@user-ex4mp1ug4y 17 күн бұрын
Love your new Hair Cut!!❤
@DeeDeeMe2 17 күн бұрын
10:28 I was shopping when you said this….shopping for sport😏
@susanboucher2525 16 күн бұрын
You can make up to $22,320 till your full retirement age of 67 for me in July, 2024. After your full retirement age, you can make as much as you like while on social security.
@DestinationRetirement 12 күн бұрын
I downsized from a 2,000 sf house to a 550sf house, in the US, so I could buy my house in Mexico! Retirement here I come!
@Nwladylaura369 16 күн бұрын
I was living paycheck to paycheck, but inherited some money. I sold my home, paid off all my debts, and moved to another state. Paid my new house off and am living debt free. Have a lower SS check since I stopped working early and invested my savings into a interest bearing cd. I am very fortunate, but also frugal. I have always stretched a nickel to make a dime. Not much has changed that way, except I won’t go down in flames if a reasonable emergency comes up. My sister is the total opposite. I think she will be ok since she lives at her boyfriend’s house. 🤞
@sandyhagman4417 16 күн бұрын
Retired at 68 but did not draw social security until I was 70. Between 66 and 70 my social security payment increased 8 percent a year. Not to be too political but read project 2525. Social Security will be changed. You can never predict how things will change.
@Nwladylaura369 16 күн бұрын
Screw Project 2025. Vote Blue!
@johnkelly9451 15 күн бұрын
@@Nwladylaura369I didn't watch 2025 yet, but Blue has opened the border to a tune of 7 million undocumented immigrants who we the tax payer are paying for in schools (property tax and school tax) medical costing us more, a draw on our resources. Never forget the tyranny of Covid and the control and death camp nursing homes. On and on. Before there was no record on the speaches. Now there is a record and I am not going to buy it due to the record. The goal is Universal Healthcare, higher taxes on top of inflation it will go bankrupt sooner than later. Check the facts, not the fabricated lies on either side and individual politicians. Vote smart.
@johnkelly9451 15 күн бұрын
@@Nwladylaura369It's because of blue we are in this mess.
@user-lf2lf6wy4z 10 күн бұрын
2025 is truly scary. A "Christian" organization that is eliminating Head Start, school lunches for poor kids, straight medicare to the Advantage Plan that is oftentimes DIS Advantage, de-funding public schools in favor of private schools (consisting mostly of white rich kids) etc
@rosemarykingpate7832 2 күн бұрын
@@johnkelly9451 Nope. Please do your research. One of Project 25's mandates is: "Push more of the 33 million people enrolled in Medicare towards Medicare Advantage and other worse, private options," which would create a financial nightmare for people in retirement. #voteblue
@annmyers2883 4 күн бұрын
PS I am also retired. I am living alone & I worked until I was 70 for the highest monthly amount. I pd off all my bills, replaced any household items in the home during the 2 yrs before I stopped working. Frig. Washer, etc that were getting too old & I was able to buy them on sales during the 2 yrs and get very good deals because I had the time to shop around during seasonal sales because I was in no hurry.
@elizabethsydnor5247 17 күн бұрын
Oh my! Your hair looks AWESOME!!!
@user-qv5sp2hs1c 16 күн бұрын
Love the your haircut! You look great! Your advice is always great! Thank you for all your hard work.
@DonaldMark-ne7se 3 күн бұрын
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
@Jamessmith-12 3 күн бұрын
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
@CharleneEvenson 16 күн бұрын
I tip my hairdresser. She owns her own business but a cut and style only costs $25. I tip $10 cause it is still cheaper than anyone else around here.
@sherirottweilersforever7772 2 күн бұрын
I went 10 months without getting my hair cut and colored because the person who only charged me 100$ retired. I couldn’t believe it was 225$ at a local salon so I waited just as long(I don’t have grey hair yet at 60.). It was 325 so I need a new stylist!
@deannaw9657 17 күн бұрын
LOVE your new hair style! And yes... 20%!!
@bklynsalsalover 2 күн бұрын
Haircut is perfect. Tip for service 😊Great video
@sandraharris770 15 күн бұрын
Very informative! These are things some people don’t think about when planning retirement.
@travelknighterrant 12 күн бұрын
I normally tip 15%, more to show my appreciation. I find it appropriate to support our local business owners, especially small ones since they really don't have all the tax credits afforded to really big companies/ 1% group in USA. Thank you for the great tips. Still have another 13-15 more years before retirement, never hurts to be proactive though & have a road map for retirement phase.
@livingoncoffee 16 күн бұрын
Your new hair style llooks really good on you! ! Great information. Need to hear it.
@PenniestoDollars 16 күн бұрын
Love your new hair cut! And yes, I had a friend that had worked several jobs in addition on her full-time job to make ends meet and ended up having to pay in $3K for her insurance at the end of the year.
@christeancarson4766 15 күн бұрын
This was good info! Food fir thought.
@lionness_simsima5941 17 күн бұрын
Hi there, very informative thanks for sharing
@sokalbenoit 15 күн бұрын
OMG how beautiful the haircut is! you look excellent! so fresh and light! thank you for this video, it is really useful 🧡
@patrickstevens3482 16 күн бұрын
Something I learned about withdrawing a large amount from my ira to make a good downpaymentonacar... that money is taxable, checking out the tax tables for IRS is important. You may push into a higher bracket. I started collecting social security while still working full time... paid down a bunch of debt. But went from 12% tax bracket to 22% last year... ouch!
@jimlapointe1496 15 күн бұрын
Such a good video and so well done with lots of wise advice. Here are a few additional thoughts. It's good to have at least a bit of an emergency fund and it can be beneficial if your employer will allow you to transition into retirement, for example, going from 5 days a week to 3 days a week before becoming fully retired. And finally, very nice hair!
@SHAWNA499 12 күн бұрын
I’m doing that now.im now working four days a week.
@user-gm1kl6xy4m 17 күн бұрын
Your hair style looks livrly
@saraconklinfrozenpennies 17 күн бұрын
Thanks Kerry!!!
@paisleyhunter 17 күн бұрын
You look great! Love the style on you!🎉
@OldGuyREI 12 күн бұрын
Great Content. Thank you!
@Adnanhasb1 13 күн бұрын
Wow ... Thank you for the amazing information
@cynthiagainey2614 17 күн бұрын
Love your haircut! 🔥❤️
@diner51214.. 13 күн бұрын
thanks for another great video, ps your new hairstyle looks great 🙂
@michellem8284 16 күн бұрын
Your hair is adorable! My hair stylist owns the salon and I tip 20%. This may differ depending on the area; I live in Northern VA and it is customary to tip 20% regardless.
@anneellison8188 17 күн бұрын
Your hair is adorable!!! I really like the length a lot. It used to be that you didn't have to tip the owner. However, if she's rather on the younger side and has just started out, I would give her a tip if I was happy with the service. Maybe not 20% more like 15-18% but if I liked her and wanted to use her again, I would give her something. Good video Sara! Lots of great advice and thoughts in this one.
@Michelle-bw1xg 17 күн бұрын
Great discussion. Absolutely love the haircut as it is!! I tip 20% for a haircut but wow going rate is $75++ here so honestly I haven't been in over 2 years.
@chrisakers759 16 күн бұрын
Great advice 💯
@BSGSV 17 күн бұрын
Nice new hair! Very stylish.
@kathystevens8163 17 күн бұрын
Great advice. Very cute hair cut.. ⚘️
@barbararatner6278 17 күн бұрын
Thank you very much for a very informative video You covered a lot of aspects of retirement
@danibryant9318 17 күн бұрын
Love your hairstyle, so sweet and refreshing
@Rita_60 16 күн бұрын
Love your haircut! I do have the same blouse as you . I am near my retire age and I do need to hear these tips.
@debraschroyer1878 17 күн бұрын
I like your new haircut, it looks good on you. Thanks for the information, hopefully semi retiring in a year and a half.
@kristinolan7240 16 күн бұрын
Really great video 🎉
@gloriasabathie8259 17 күн бұрын
I didn’t quite understand what you meant when you said you had to pay money back to your insurance because you made more than expected. Where can I read up on this?
@user-bg9em7ch6k 13 күн бұрын
They were receiving a government subsidy (currently available to a single person making less than $58k, not sure what the limits for couples or families are. Check the Health Care Exchange). Because it’s a subsidy, if you make more money than you expect, you might not qualify for the subsidy and might owe some $ back. However, if you’re fairly certain of your income (or if you understand that you are receiving a subsidy, and that increased income could affect that), you can plan for it. I don’t agree with Sara’s statement that one should pay more just in case. If you sign up through the exchange, as I did, they are Very clear about the fact that you are getting a subsidy (in my case worth $500/mo) based on your income-one you won’t be eligible for if you make over the limits.
@bria2596 14 күн бұрын
YT Channel Retirement Nerds have a lot of great information comparing different ins. coverages in retirement, along with a lot more. Good place to start to understand this complicated issue.
@saraconklinfrozenpennies 14 күн бұрын
Thanks for the info!
@CentsibleLivingWithMoneyMom 17 күн бұрын
Your hair cut is so cute. You look especially lovely. I really enjoy working.
@user-hw9vf4pl9s 16 күн бұрын
Hi Sara : ) Your hair is so darn cute, and that beautiful pink is so lovely on you! I must say when I used to get my hair done (I cut it myself and am letting is go natural grey now) the gal I went to owned her business but I did still give her a little extra than she charged because she did a really nice job and never raised her prices much. The rule used to be you didn't tip the owner of the salon but sometimes rules are meant to be broken, I think in this case if the price is low, and you like what you got maybe a little extra is a good thing. Tipping these days is ridiculous for sure.... entitlement attitude is the norm now unfortunately
@blueatlantic2823 10 күн бұрын
Nice channel!
@saraconklinfrozenpennies 9 күн бұрын
Thanks for the visit
@lindab2323 Күн бұрын
We are going to go into retirement with a very small balance remaining on our mortgage (that will be paid in full in 1-3 years, depending on timing). We will likely sell at that point, but if not? It still would not make financial sense to put anything additional towards principal on a 3.25% mortgage. The money is working much harder for us in investments returns. Our real estate taxes alone are $600.00 a month on a very modest house though, so it makes better financial sense for us to move. Thanks for the post. EDIT: Came back to add - no WAY I would ever consider working until 70. Life has way too much to offer, and tomorrows are not promised. My husband and are both 64, VERY active and in good health. But that can change in a literal heartbeat. And even though I love my job I want more from life than a paycheck. To each his own, but I have seen many of my relatives continue to work and when they finally do retire? Regret that they did not do so earlier. And P.S. insurance over 65 is Medicare not Medicaid. 😉But are you talking about income-based Obamacare (Affordable Care Act via the Marketplace) type-insurance that you had to pay back via your taxes due to more income? Not private insurance, right? I'm little lost because I have never heard of a premium tax credit applying to private insurance but want to be sure. Thanks!
@barbolson8768 16 күн бұрын
Sara, your haircut looks so cute !
@kathleenreadinger4614 16 күн бұрын
Your haircut is amazing, on the thumb nail. Good for you.
@user-gm1kl6xy4m 17 күн бұрын
Am going to stay in government rental living if pension I don't touch my emergency fund or other account
@pinkmoonrisin 15 күн бұрын
Ok, first, I really like your new style! Second, I have been a stylist for 40 years. I have worked in different salons and have never owned one. My understanding is you don’t tip the owner. I have heard many reasons over the years. The one that makes the most sense to me is because as the owner you collect commissions or rent from the other stylists in the shop. Therefore usually the shop owner doesn’t pay rent or commissions to anyone. The down side is if the employees (not rent payers) are working for you then you have to pay the extra FICA. But if they are renting then they pay their own self employment tax. So, it really depends on the situation. If your stylists rents, definitely pay a tip. If your stylist is a one shop owner operator, pay a tip. If they are an owner with renters or commissioned stylists in the shop then it is up to you. As far as the amount to tip! Well , that’s and even bigger issue. Most of my customers just rounded up from the price to make it even. That being said the average tip was around 10-15%. Good luck. Take care!
@vondahardwick1400 17 күн бұрын
Love your hair!
@saraconklinfrozenpennies 17 күн бұрын
Thanks so much!!! I do think its a little short but I like it!
@Debbie-Savings 17 күн бұрын
Your haircut looks great on you! My hair is long and I get highlights and color still. I want to do something different but I’m not sure yet? I’ve gotten hairstyles that I wasn’t happy with before and I’m a hairdresser! Lol Where I used to work, even the salon owner got tips like the rest of us did. I recommend to tip in cash, so the hairdresser doesn’t have to pay taxes on those tips. 😊 Awesome points about retirement! Please share if you think of anymore?
@marynoel8148 11 күн бұрын
The best!
@paulawallace-u1v 16 күн бұрын
As a hairstylist and tipping I would always tip no matter if they are an owner or an employee especially if they are doing out of their home or don’t have employees. She was giving you a much better price and she is paying her own overhead and supplies so she isn’t making more then if she was in a salon in fact she may be taking a pay cut. Remember you are getting a discount but at what cost to her. I hope this helps. Thank you for asking 😊
@susandorsch1078 15 күн бұрын
Love the new hair style. Looks wonderful.
@saraconklinfrozenpennies 14 күн бұрын
Thanks so much!!
@sallyprzybil2404 16 күн бұрын
Generally hairstylists I tip $10. No matter what the cost of the cut. Your stylist did a great job! Part of your ‘tip’ to her can be sending other customers to her, and your repeat business. Since she’s a small business you might want to bring her some cookies, etc.. next time and tell her that people that saw you on You Tube loved the cut.
@franjones5312 2 күн бұрын
If you are not yet retired, PLEASE save as much as you can. I retired a few years ago. We're doing O.K., but occasionally have to take money from our savings to supplement our pensions to pay our monthly bills. I'm glad we have the savings, but we made a lot of money and should have saved MUCH more. Insurance is a racket, and health care for profit is immoral. But, it's what the U.S. is stuck with until the people demand better.
@PK-zb6wh 15 күн бұрын
I have been going to my hair gal for like 20 years, she owns her own salon, she also keeps haircuts low-just raised to $35 this summer, I always give 20% tip cuz I really like her and we always chat about family and stuff. My 20 yr old daughter also does the same with her. sometimes it may be closer to 25% cuz I pay cash and just let her keep it.
@annajones1396 17 күн бұрын
Once you reach full retirement age, you can make as much as you want and still get social security.
@rebeccamiller430 9 күн бұрын
Yes but you will have to pay more taxes on your social security the more income you earn
@KimHurt-ee9ei 17 күн бұрын
I love the new haircut! Income in 2024 for social security is 22,320 per year if you're not full retirement age.
@kathyschaffer9678 16 күн бұрын
And no limit after full retirement age. For me that will be age 67 because I was born in 1960
@annmyers2883 4 күн бұрын
I liked this video & your easy to understand info is great. I thought your hair was so cute before you said anything. It suits your face & personality. I have short hair & get it cut every 6 weeks. The owner is my stylist. I always give a 20% tip as things have gone up in price & as the owner & only person there she also needs the extra money to keep things going. She charges 40$ so I know that & know how much to plan on every time. I put away 9$ a wk in an envelope & it's all set by the next cut.
@janejdough2230 17 күн бұрын
Thank God I am Canadian, health care isn not a big concern.
@saraconklinfrozenpennies 17 күн бұрын
I've heard its a nice perk 🙂
@janejdough2230 17 күн бұрын
@@saraconklinfrozenpennies We just take it for granted. I just do not understand how such a progressive wealthy country like USA does not have universal health care. Even most small European have it.
@juliemoore6957 16 күн бұрын
Cute hair!!!!❤
@mariac3534 17 күн бұрын
Your hair looks great. Not too short at all.
@brendafarris7590 17 күн бұрын
Your haircut is lovely, the length will be nice for the summer months.
@lorizink6698 11 күн бұрын
I pay over $400 plus 20% tip every time I get color, cut & style. That will have to change soon if I’m ever going to retire! At 63yrs. and 37-yrs with very large company I only have my 401k (no pension), so I’m terrified of letting go my day job :-(
@bjoyp7463 11 күн бұрын
Yes, tip her well! Owning a salon has a lot of overhead and is hard work! I tip for good service no matter who I tip. She did a great job!
@stella_vine 16 күн бұрын
100% always tip (if you have good service) and where possible, pay in cash (for service and tip).
@lindadenneypu6315 17 күн бұрын
Ya hair cut looks so nice
@bonniedurie3050 17 күн бұрын
Great video! My all inclusive hair cut is $35 and I tip $5. Your hair is darling! This month I started medicare and chose an advantage plan. Already I'm disgusted. A new prescription was to cost $390. I sent a chat to the insurer as to why the price. I got the expected response. So, I canceled the prescription. The pharmacy asked why? Duh! Too pricey. After I meet my $4,400 deductable, I may order the prescription. This plan was to be the best because of a med I take to stay alive. I refuse to go into debt for any reason. I'll give it a couple months, then I'll start writing my congress reps. Continued blessings!
@Nwladylaura369 16 күн бұрын
Try using a free Rx card!
@bonniedurie3050 16 күн бұрын
@@Nwladylaura369 hmm. I didn't think that the cards could be used with medicare. I will check on that. Thanks!
@MoneyMindsetCoach3 Күн бұрын
From what i understand full retirement age is 66 and 6 months. You can work until 71 till you have to start taking it
James Conole, CFP®
Рет қаралды 535 М.