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6 Uncomfortable retirement truths you need to know about.
12-06-2022, 09:11 PM
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#1
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Full time employment: Posting here.
Join Date: Mar 2015
Location: Somewhereville
Posts: 780
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6 Uncomfortable retirement truths you need to know about.
https://youtu.be/io_5vXakiyU
Interesting video...some thoughts on retirement. I like this guy's videos. Gives you things to think about for sure.
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12-06-2022, 09:19 PM
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#2
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Administrator
Join Date: Apr 2006
Posts: 22,922
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It would be helpful to summarize. Many people will not devote their time to a 15 minute video without knowing what to expect. I skimmed through his "six uncomfortable truths" and, as I expected, the conclusion is that you need to hire an advisor.
__________________
Living an analog life in the Digital Age.
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12-06-2022, 09:21 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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I devoted 15 seconds, that was more than enough.
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12-06-2022, 10:59 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,321
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Quote:
Originally Posted by Gumby
It would be helpful to summarize. Many people will not devote their time to a 15 minute video without knowing what to expect.
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+1. If OP has watched it and liked it, it shouldn't be too hard to write a few lines summarizing it for the rest of us.
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Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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12-07-2022, 12:34 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,925
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If you are on your phone, YouTube gives you a nice interface to quickly jump from one to the next.
It's really only 5 Uncomfortable Truths, as #6 is an advertising plug, that you need a retirement advisor.
1. Expect 5-6 Bear Markets in Your Retirement
2. Your Health, Your Time and the People in Your Life are More Important than the Money
3. There Are No Guarantees
4. Working Longer Than You Need To Won't Help
5. Noone Knows What is Going to Happen
6. You Need a Retirement Advisor
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12-07-2022, 04:42 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,939
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Quote:
Originally Posted by njhowie
It's really only 5 Uncomfortable Truths, as #6 is an advertising plug, that you need a retirement advisor.
1. Expect 5-6 Bear Markets in Your Retirement
2. Your Health, Your Time and the People in Your Life are More Important than the Money
3. There Are No Guarantees
4. Working Longer Than You Need To Won't Help
5. Noone Knows What is Going to Happen
6. You Need a Retirement Advisor
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Welcome to life.
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"The mountains are calling, and I must go." John Muir
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12-07-2022, 05:11 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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Hmm nothing about how many bull markets to expect in one's retirement?
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TGIM
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12-07-2022, 06:16 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,654
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Quote:
Originally Posted by njhowie
If you are on your phone, YouTube gives you a nice interface to quickly jump from one to the next.
It's really only 5 Uncomfortable Truths, as #6 is an advertising plug, that you need a retirement advisor.
1. Expect 5-6 Bear Markets in Your Retirement
2. Your Health, Your Time and the People in Your Life are More Important than the Money
3. There Are No Guarantees
4. Working Longer Than You Need To Won't Help
5. Noone Knows What is Going to Happen
6. You Need a Retirement Advisor
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None of these are uncomfortable, obvious maybe but not uncomfortable, except for number 6.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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12-07-2022, 06:34 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,836
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I don't really agree with #1, #4 (for some folks) and certainly #6.
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20's "something" mind, trapped in a 70's "something" body
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12-07-2022, 06:39 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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Quote:
Originally Posted by njhowie
5. Noone Knows What is Going to Happen
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We haven't heard from Noone in quite a while. Nice to know he's still around to share his wisdom.
__________________
Numbers is hard
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12-07-2022, 06:43 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Posts: 1,507
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Quote:
Originally Posted by Dtail
Hmm nothing about how many bull markets to expect in one's retirement?
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I like the way you think!
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FIRED:
July 12, 2018. On safari to stay!
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12-07-2022, 08:19 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
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Can I hire Noone? He seems to have his stuff together and I have a future question.
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12-07-2022, 08:32 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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Quote:
Originally Posted by Fermion
Can I hire Noone? He seems to have his stuff together and I have a future question.
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You'll have to contact him personally and ask. Noone knows if he's for hire.
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Numbers is hard
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12-07-2022, 08:33 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
5. Noone Knows What is Going to Happen
6. You Need a Retirement Advisor
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Can Noone be retirement advisor to the entire world?
I guess he can, but not on an individual hand-holding basis.
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"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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12-07-2022, 08:58 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by Car-Guy
I don't really agree with #1, #4 (for some folks) and certainly #6.
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I have had two bear markets in 2.5 years of retirement.
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12-07-2022, 09:10 AM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,096
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Quote:
Originally Posted by njhowie
If you are on your phone, YouTube gives you a nice interface to quickly jump from one to the next.
It's really only 5 Uncomfortable Truths, as #6 is an advertising plug, that you need a retirement advisor.
1. Expect 5-6 Bear Markets in Your Retirement
2. Your Health, Your Time and the People in Your Life are More Important than the Money
3. There Are No Guarantees
4. Working Longer Than You Need To Won't Help
5. Noone Knows What is Going to Happen
6. You Need a Retirement Advisor
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Quote:
Originally Posted by ShokWaveRider
None of these are uncomfortable, obvious maybe but not uncomfortable, except for number 6.
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+1
These are "realities that if one plans for one can deal with as best as possible".
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FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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12-07-2022, 09:30 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,677
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#'s 2,3, and 5 are the only truths I'm aware of.
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"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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12-07-2022, 09:35 AM
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#18
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
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I was going to use "Noone" as my user name when I signed onto this site, but it was already taken.
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*********Go Astros!*********
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12-07-2022, 09:54 AM
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#19
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Moderator
Join Date: Nov 2015
Posts: 13,845
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Quote:
Originally Posted by njhowie
It's really only 5 Uncomfortable Truths, as #6 is an advertising plug, that you need a retirement advisor.
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When the punchline is a plug, that means the whole video is a plug.
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12-07-2022, 10:13 AM
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#20
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Full time employment: Posting here.
Join Date: Mar 2015
Location: Somewhereville
Posts: 780
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Quote:
Originally Posted by Aerides
When the punchline is a plug, that means the whole video is a plug.
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I disagree with this.....
Sure the last one is a plug but I don't feel the other points are. When I watched it last night I thought it had some good reminders, especially for those of us that are on the fence about calling it quits. The plug part make sense for those of us still in the learning phase. The saving part seems a lot less complicated than the retirement spending part.
Sure I could have summed things up for all but where is the suspense in that... LOL?
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