5 Reasons You Should Retire Now

Рет қаралды 33,784

Күн бұрын

In this episode of Ready for Retirement, James discusses how to protect your most important financial assets.
Questions Answered:
How should you think about protecting your most important financial assets?
Understanding how to protect what's most important (your TIME)
How can your overall retirement strategy be improved?
Timestamps:
00:00 - Introduction
2:13 - Downsides To Continuing Work
4:25 - Savings/Bonuses
6:55 - Financial/Personal
8:50 - Wages
12:03 - Financially Ready
14:58 - How Much?!
16:33 - TIME
17:02 - Working With Us
Learn the tips & strategies to get the most out of life with your money.
Get started today → www.rootfinancialpartners.com/
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Пікірлер: 40

@dangrant7261 10 ай бұрын

James, I started watching and listening about 2 years ago. I'm 60 years old and hope to retire at 65 or before. You did a show about planning a life purpose in retirement. I realized that I looked at retirement as vacation, filled with family, friends and fun, however there was no purpose. With a lot of thought and hard work, I formed a media company as a side hustle, but more importantly it will give me purpose and an additional revenue stream. We have started a KZfaq channel called Sea Kayak Life and have taken on a few clients. Thanks so much for planting a seed. I'm very excited to see what will grow from this!

@hagakuru Жыл бұрын

So many people are plagued by OMY (one more year) and they find themselves in a perpetual cycle that they can't break. I hate hearing over and over about the people that worked long and hard and retired. Then, they died sooner than they had expected (many inside of a year or two). I have heard this story FAR MORE than I have ever heard of someone retiring and "running out of money." You have to live today without an expectation for tomorrow. As soon as it's available to you take it. Retire....

@johnpetzen3995 Жыл бұрын

On the financially ready reason to retire: set a goal, and realize that enough is enough. Tell yourself that's what you need and believe it. There is a world of life and meaning outside the traditional workplace.

@dforrest4503 Жыл бұрын

So true. Don’t keep moving the bar.

@juliepayn7696 Жыл бұрын

So true. I agree

@kzalaska4804 Жыл бұрын

I love being a paramedic, but 24 hour shifts are taking their toll at 53 years old. Fortunately I am in a position to retire next year. I will still work but it will be part time and on my terms. I'm very thankful to James and others that have given me the knowledge to plan well and be comfortable walking away.

@Mexicobeanpole Жыл бұрын

We’re currently in retirement mode. We’ve sold our business and retirement starts in 3 weeks. I’m in my 60s and my husband early 70s. We never thought of ourselves fully retiring. We always kept moving the money goal higher because of inflation and just general fear of “what if?” In one year we had 3 close friends and a family member in our age group die. The one friend is 72, and lost his wife of 50 years just 2 months ago. When we went to visit him, one of the first things out of his mouth is that he wished he’d retired and traveled with his wife. It was her dream, and they never got to do that together. Our fears have now turned to gratitude and excitement.

@scottw5315 8 ай бұрын

My 67 year old doctor died last year. He was a lifelong runner. My 63 year old handyman just had a stroke and triple bypass surgery. His prospects are unfortunately, not good. No one ever put on their headstone that they wished they had worked more...

@wendiyee6442 Жыл бұрын

Great advice…Thank you! I am going to share this with my “ex.” I can almost be assured, that this will convince him to retire. He is in his 44th year, with the same company; the only job he’s ever had.

@jaimelopez1650 Жыл бұрын

James canole the most intelligent people for your advice

@leannesampson3199 Жыл бұрын

Excellent advice! ALL points you have made are so very important to consider - specifically the one re one's health & best years.... people do not take into account that once we age most people start becoming frail, either physically or mentally or both, yes one can delay that but it is going to happen to EVERYONE eventually, and is something we cannot control. so one does take a bit of a "calculated" risk by delaying ones retirement, because a significant aging-related event could readily happen before one is ready and destroy ones carefully planned retirement plans... so use the good years while one can.... even if is to gradually semi-retire/ retire in stages - just so that it is not such a psycho social shock

@veritas3179 Жыл бұрын

😂I'm anti-work. Been working for 38 years, I think it's enough.

@1206jl Жыл бұрын

awesome as always

@teatree6228 Жыл бұрын

Continue to work as no other interests aside from work

@mm669 9 ай бұрын

Fear of the unknown, good point. Thx.

@josebach9377 Жыл бұрын

I always enjoy your informative show. Thank you

@dipaknadkarni62 Жыл бұрын

Excellent video. Right on point.

@marycallan1937 10 ай бұрын

Learning tons but I must say, your enunciation is great!!

@Bob-yh7ir Жыл бұрын

We have been saying these same things. Time is the one resource we cannot make more of. As we have seen our friends, family and neighbors decline in health at a relatively early age. We have for decades always made sure to take vacations and do epic things with them. We realize that if we retire in our 50s, we should have 15 to 20 years of go-go years before we start hitting slow or no-go years. You never know when that will happen. A sudden stroke, etc. So we are going out early so that at the end, the one thing I won't regret is not doing the things I have on our list. Thing is we had a "bucket list" and have already done all the things on it, so we needed a new bigger list. Looking forward to working on it.

@annestratton5787 7 ай бұрын

I am surprised to find that although my plans for retirement are right on except I don't really have a retirement date so the gradual part time retirement really answers that for me thank you

@BillUtah Жыл бұрын

We both retired last year. After both of us worked with our respective company for 30 years it was time for our new mindset of Memories over Money. We will make it by being frugal and smart. Watched too many friends and coworkers die way too early. You are never going to have yesterday again! In a week, we will be leaving for a month long adventure which includes an transatlantic cruise, some time in Europe then another cruise around Italy.

@johnsienrukos268 Жыл бұрын

I am 2 yrs from FRA. I work in the medical field and see so many of my patients who have been put on expensive medications that are not in the medicare formulary or in any of the medicare replacement formularies. My reason for working is mostly for the health insurance as my wife is on some expensive medications for her arthritis. Any suggestions on what to do moving forward?

@Hippy2021 Жыл бұрын

I retired in 2021 at 68. It was perfectly timing. I applied SSI right at the first day eligible 66 fra. My pension hit maximum credits at 65 that I didn't know and continued to work 2 extra years just for a bit of increase in SSI. Thanks to the vaccine mandate. I am out for good. Enjoy so much my days doing what I like. I don't remember where I kept my alarm clock. Financial secured, not rich, and not poor but wealthy in health.

@johngarceau541 Жыл бұрын

No one knows the long term health affects of this hurried up "vaccine". You scored big health wise not taking it. I did the same thing. Enjoy a healthy retirement!

@scottw5315 8 ай бұрын

They mandated experimental gene therapy. They should all be in jail from the CDC to FDA to this criminal administration.

@josephjuno9555 Жыл бұрын

I am going to a retirement party TODAY! It is for 3 co-workers that Retired recently and ME becuz I am Retiring in July🎉 I have 73 days left and am taking PTO for 30 of them! I am Off 36 of my last 72 days! But I do plan. To get re-hired Part-time the Fall and then Re Retire next Spring. And work some PRN After that? I am 61, will get Pension and want to Delay soc Sec until 65-67? I am TIRED of Commute! Worse than the job! I think Part-time when make me happier and allow me to $ave more in CASH Bucket!

@bellamydog1000 Жыл бұрын

I'm assuming you've read "Die with Zero" by Bill Perkins?

@floritalobiondo5324 11 ай бұрын

Thanks for your advice I will retire next year, as a Banker very stressful job.😊

@RootFP 11 ай бұрын

Best of luck!

@BarnabyBarry Жыл бұрын

He missed the most important-no more stress (deadlines-time sheets-emails-angry bosses)!

@noreenn6976 Жыл бұрын

What if we are not ready financially?

@RootFP Жыл бұрын

I wouldn’t recommend retiring

@teatree6228 Жыл бұрын

FIRE financial independence Retire Early

@70qq Жыл бұрын

🤘🏻

@susanh326 Жыл бұрын

Idle hands are the devil's workshop. Don't want to retire. I may consider giving 8 hours a day for work instead of 10-12-14.

@scottw5315 8 ай бұрын

I agree totally. Lots of vices are easy to pick up when you have too much time on your hands. I'm not officially retired but my business requires just a few phone calls, emails etc to keep flourishing. I've traveled half of the last seven years. Having said that, I drink more than I ever have before.

@teams3345 Жыл бұрын

Where are you?

@royjones8012 Жыл бұрын

Show yourself!😂

@josephjuno9555 Жыл бұрын

We are Instutionalized like Shawshank Redemption! Need to get Busy Living and being busy dying at work? Soon I will be walking the beach to help Andy work on his boat! 🚤🎣🐟