Hello, I just subscribed. I've been retired for three years now. Life is good. "Chandlers Retirement Life "
@brl62195 күн бұрын
I hope you feel better!!
@Lifestartsatretirement5 күн бұрын
Awe. Thanks.
@kevindecoteau31865 күн бұрын
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.
@Lifestartsatretirement5 күн бұрын
Wow. That’s fabulous. I’d love to see a picture!
@debwaynewoodward14609 күн бұрын
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!!
@ufuksenol200511 күн бұрын
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...
@PineHosting11 күн бұрын
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
@BraunRob11 күн бұрын
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
@mbnesbitt11 күн бұрын
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
@hamzahamza-bz3rf11 күн бұрын
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
@nandojuace11 күн бұрын
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
@kevindecoteau318612 күн бұрын
My savings may last they may not, we'll have to see.
@AgingOnYourTerms14 күн бұрын
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.
@Lifestartsatretirement13 күн бұрын
Agreed but I talk to those that are thinking of retiring and want to ensure that if they haven’t as yet, they will take care of these things. Thanks for the reminder!
@AgingOnYourTerms13 күн бұрын
@Lifestartsatretirement I just re-read my comment, and I didn't mean for it to sound like you should have said something different. That wasn't my intent. I'm just on a mission to get everyone to start planning now.
@scotthaughjd980417 күн бұрын
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.
@Lifestartsatretirement13 күн бұрын
Thanks for the great advice!
@kwaichangcaine823423 күн бұрын
I'm coming up on 64 and lack of savings keeps me working but I have cut back
@shellyweber621924 күн бұрын
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.
@Lifestartsatretirement13 күн бұрын
I’m hoping you’ll make out for the best! Please keep me informed!
@Sandi53324 күн бұрын
Wow I like your content, i look forward to starting like after retirement next month
@Lifestartsatretirement24 күн бұрын
THANKS...you just made my day!
@AgingOnYourTerms25 күн бұрын
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.
@Lifestartsatretirement24 күн бұрын
Good for you!! I hope it all worked out for you in the end!
@kevindecoteau318626 күн бұрын
I was so very happy to be done with working for the man
@gingerkilkus28 күн бұрын
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.
@williamDonaldson43228 күн бұрын
This is true. I'm in my mid 60's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@BernardFrederick-tk7un28 күн бұрын
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $287k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@foreverlaura-fq4eu28 күн бұрын
@@BernardFrederick-tk7un I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
@BernardFrederick-tk7un28 күн бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@Franklin-gq4si28 күн бұрын
Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.
@Retired-in-Osoyoos28 күн бұрын
These numbers seem very low?
@AgingOnYourTerms29 күн бұрын
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.
@jfk5402Ай бұрын
Love your enthusiasm! I'm counting down, 6 months to go...
@LifestartsatretirementАй бұрын
Congratulations. It’s a fun time of life!
@kellygreen6035Ай бұрын
Great advice!
@kevindecoteau3186Ай бұрын
intuition
@calabazasbike8863Ай бұрын
Like your sharing but video seems out of focus...
@reebeeableАй бұрын
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).
@MKF1205Ай бұрын
You also need to define if the numbers you give is for one person or a household.
@tcmazzАй бұрын
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!
@ArchieJohnson5hАй бұрын
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.
@palebiss1646Ай бұрын
Even if it seems like you are in a position of freedom and have been strategic in your retirement planning with your adviser, I still look for her. When RMD time arrives, it's good not to have a partner (IRS) hanging over you. We hope the best for you!
@OscarOwennАй бұрын
My children have always heard me say that there are no scholarships for retirement. As soon as you begin working after school, start saving. They are teaching their kids the same lessons and are debt free.
@kwaichangcaine823429 күн бұрын
Wow sounds like you're going to be ok brother 👌
@BX_Staff-Home27 күн бұрын
You don't need to be here. Geesh, go enjoy your life, get off the internet.
@7SideWaysАй бұрын
If you don't make me work for you, you will work for me. -Money
@kwaichangcaine823429 күн бұрын
I like that one.
@kevindecoteau3186Ай бұрын
I am living off of my monthly ss check.
@pensacola321Ай бұрын
There is no such thing as an average median.
@iany2448Ай бұрын
Is retired household income the numbers quoted multiple by 2?
@theneverendingjourneyoflif1482Ай бұрын
how about numbers for household income? Retirement income for 65 yr old couples?
@rkw2917Ай бұрын
'Average Median' in the thumb gave me a laugh so had to watch hehe Turned out to be sound advice
@LR-jk2jkАй бұрын
Are the numbers for an individual or a couple?
@LR-jk2jkАй бұрын
Does the net worth include a house ?
@767bobАй бұрын
Yes, anything that you own. If you own a house that is worth $500,000 but still have a mortgage of $200,000, then it is worth $300,000. If the mortgage is completely paid off then it is worth $500,000. Plus add your savings and investments. Same goes with cars, jewelry, furniture and so on....
@triodekt66Ай бұрын
When talking about income, is that gross income? Net income? Or taxable income?
@RogerZoulАй бұрын
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.
@TravlinmoАй бұрын
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.
@edhcb9359Ай бұрын
It doesn’t really matter what the person next to you has in the first place since it has no bearing on what you personally get to spend.
@glenlynch1Ай бұрын
I hope that one "living next to you..." Isn't eating, or you're NOT giving him, your Sandwhich!!! Grow up please... You should learn to appreciate what you have. Not what your "One next store is consuming"
@wynands.2306Ай бұрын
Would love the recipe.
@Brent-qu3ykАй бұрын
He beautiful nothing better than a bear 🐻
@fredla7353Ай бұрын
And, boo boo would simply love to have your baby's for breakfast!😮
@LifestartsatretirementАй бұрын
Absolutely he would! But he was incredible to see!
@brl6219Ай бұрын
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.
@LifestartsatretirementАй бұрын
My mother in law always said she was going to live her life so that her last check to the funeral home would bounce! lol.
@mbenson9Ай бұрын
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
@LifestartsatretirementАй бұрын
I agree. I love seeing my money (hopefully) grow! It’s a very different mindset to take money out!
@Retired-jr3qsАй бұрын
The book about dying with zero regrets.
@kevindecoteau3186Ай бұрын
I've been thinking about the gifting to my daughter recently, something I'm looking into.
@hixtaАй бұрын
Congrats on the retirement!
@LifestartsatretirementАй бұрын
Thank you!
@Julia-b9xАй бұрын
Great list!!
@LifestartsatretirementАй бұрын
Awe. You made my day!
@AgingOnYourTermsАй бұрын
I love reminiscing on our family road trips across America. They weren't the most luxurious trips, they were so much fun.
@LifestartsatretirementАй бұрын
Good for you! Great to make memories.
@Julia-b9xАй бұрын
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?
@LifestartsatretirementАй бұрын
I think it’s somewhat that but we have friends where the female is content to putter and the male needs to be busy. Myself.. I’m like you and need to stay busy.
@user-hk4gg2eu3eАй бұрын
Try it without money! Cruises? Travelling?
@1Skeptik1Ай бұрын
Median USA net worth is about $270,000. Median income $47,500.
@KarenW6722 ай бұрын
The music is annoying and too loud
@gingerkilkus2 ай бұрын
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.
@KarlyNoorda2 ай бұрын
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@LucasBenjamin-hv7sk2 ай бұрын
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $287k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@hasede-lg9hj2 ай бұрын
@@LucasBenjamin-hv7sk Impressive can you share more info?
@LucasBenjamin-hv7sk2 ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@leojack90902 ай бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.