Hello, I just subscribed. I've been retired for three years now. Life is good. "Chandlers Retirement Life "

I hope you feel better!!

Yesterday I decided to go for a lesson in parachuting at a well known school in Orange Ma. they've been doing it for over 30 years. I grew up being scared of heights yet it is something that always intrigued me. So, next month I'll be driving up there and doing a jump, tandem jump. Yes it still scares me some but I'm not getting younger. So I'll be on the edge on that day, I'm retired and it seems now is the time. My daughter is grown and off on her own, now's the time.

It's definitely an adjustment, can't spend like you use to when both working!! We eat more meals that I cook at home, find plant based for once or twice a week meals!! My husband does odd jobs!!

Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto...

My savings may last they may not, we'll have to see.

You shouldn't wait until retirement to start this process. We created our estate plans with all of these documents almost 30 years ago, and regularly review these documents and make updates. I've known too many people who didn’t do this early and didn’t have them in place when they were needed.

I know you are in Canada but here in the US, the priority is a Revocable Living Trust as opposed to a Will that controls distribution (it is good to have a pour over will with the trust). Here in US, all Wills go through probate which can be an expensive and time-consuming process. Some states have a shortened process for estates under a certain dollar amount. Other than that, great advice.

I'm coming up on 64 and lack of savings keeps me working but I have cut back

My large hospital outsourced our jobs (2200 of us) this last March. I was going to take a step down and decided to wait it out and see what happens. If I get laid off, I will see what happens but I am not working for these big companies who don’t care about their employees. 27years is enough. Subscribed! This sounds really interesting.

Wow I like your content, i look forward to starting like after retirement next month

This was my reality after we were bought out. The higher up the ladder, the more I dreaded working there. I stayed because of the seniority. When I was finally on the list to be let go, it was actually a relief to no longer have to run in the corporate rate race.

I was so very happy to be done with working for the man

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.

These numbers seem very low?

I knew it was time after I was laid off at 55 (after 27 years with the same company), and I was begging my colleagues to stop calling me with opportunities to stay. I was done.

Love your enthusiasm! I'm counting down, 6 months to go...

Great advice!

intuition

Like your sharing but video seems out of focus...

Of course Canadians have national health insurance. Most US citizens pay $175/month for medicare but also have to pay for a medical supplement policy - mine costs $325 (on top of the $175 medicare premium).

You also need to define if the numbers you give is for one person or a household.

All these numbers seem way too low, a person works almost 50 yrs and they have a net worth of $350K that's like $7K per year over the 50 yrs! That indicates to me that folks are living paycheck to paycheck for the most part. If that's your net worth take away the home and what does that leave you for retirement? Absolutely nothing SQUAT!

My retirement was just last month. Having pre-tax income of $5.7 million, I did follow my one-time advice from *Leah* *Alderman* *Foster* Since I have an inherited $700k that I have to spend down in seven years, I had to do it all at once. I'm currently 59 years old. I have $3.5 million in Roth since I have a pension. Stocks worth $4.5 million are taxed. I'm starting to give my kids gifts now, as you stated, to help with a house down the road. I am no longer suffering with rmd. Children receive it free of tax. The only thing my wife has is $600,000 before taxes, which I may need to convert at some point. I'm attempting to avoid paying for Medicare, but it appears like I will have to for a time. I am unable to even deplete my pension each month. excluding the remainder of my investments.

If you don't make me work for you, you will work for me. -Money

I am living off of my monthly ss check.

There is no such thing as an average median.

Is retired household income the numbers quoted multiple by 2?

how about numbers for household income? Retirement income for 65 yr old couples?

'Average Median' in the thumb gave me a laugh so had to watch hehe Turned out to be sound advice

Are the numbers for an individual or a couple?

Does the net worth include a house ?

When talking about income, is that gross income? Net income? Or taxable income?

I hate it when people drop words/phrases like “a little bit” when that term doesn’t even apply. there is a huge difference between 1.2m and 200k for net worth. If you are 65 with a net worth of 200k you are probably going to have a very hard time in retirement, though maybe in some places and under some conditions you may be ok. Certainly someone with 1.2m net worth, though not rich, can likely make it depending on where you live, expenses, etc.

These median and averages don’t help much if the person next to you has a pension/guaranteed income and you need to live on the invested assets. Unless you calculate NPV for both (not the subject of the video) then you learn very little. All the financial folks love to share this data since available but it doesn’t tend to be valuable.

Would love the recipe.

He beautiful nothing better than a bear 🐻

And, boo boo would simply love to have your baby's for breakfast!😮

Absolutely help adult children if you can. I have not read the book, but there’s got to be enough at the end to pay funeral costs, legal and probate costs, income taxes, and outstanding bills at the end.

I like saving - it gives me a sense of security to the point how I don't know how I'll ever be comfortable depleting savings in retirement

The book about dying with zero regrets.

I've been thinking about the gifting to my daughter recently, something I'm looking into.

Congrats on the retirement!

Great list!!

I love reminiscing on our family road trips across America. They weren't the most luxurious trips, they were so much fun.

I haven't retired yet, but husband has. He and all his friends seem to like "puttering" around the house and that blows my mind. I will be needing a schedule of events that keep me content, social, and happy. Do you think it's a male/female thing?

Try it without money! Cruises? Travelling?

Median USA net worth is about $270,000. Median income $47,500.

The music is annoying and too loud

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.