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6 Uncomfortable retirement truths you need to know about.
Old 12-06-2022, 10:11 PM   #1
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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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Old 12-06-2022, 10:19 PM   #2
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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.
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Old 12-06-2022, 10:21 PM   #3
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I devoted 15 seconds, that was more than enough.
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Old 12-06-2022, 11:59 PM   #4
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Originally Posted by Gumby View Post
It would be helpful to summarize. Many people will not devote their time to a 15 minute video without knowing what to expect.
+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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Old 12-07-2022, 01:34 AM   #5
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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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Old 12-07-2022, 05:42 AM   #6
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Originally Posted by njhowie View Post
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
Welcome to life.
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Old 12-07-2022, 06:11 AM   #7
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Hmm nothing about how many bull markets to expect in one's retirement?
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Old 12-07-2022, 07:16 AM   #8
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Quote:
Originally Posted by njhowie View Post
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
None of these are uncomfortable, obvious maybe but not uncomfortable, except for number 6.
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Old 12-07-2022, 07:34 AM   #9
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I don't really agree with #1, #4 (for some folks) and certainly #6.
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Old 12-07-2022, 07:39 AM   #10
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5. Noone Knows What is Going to Happen
We haven't heard from Noone in quite a while. Nice to know he's still around to share his wisdom.
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Old 12-07-2022, 07:43 AM   #11
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Hmm nothing about how many bull markets to expect in one's retirement?
I like the way you think!
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Old 12-07-2022, 09:19 AM   #12
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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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Old 12-07-2022, 09:32 AM   #13
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Can I hire Noone? He seems to have his stuff together and I have a future question.
You'll have to contact him personally and ask. Noone knows if he's for hire.
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Old 12-07-2022, 09:33 AM   #14
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5. Noone Knows What is Going to Happen
6. You Need a Retirement Advisor
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Originally Posted by REWahoo View Post
We haven't heard from Noone in quite a while. Nice to know he's still around to share his wisdom.
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 12-07-2022, 09:58 AM   #15
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I don't really agree with #1, #4 (for some folks) and certainly #6.
I have had two bear markets in 2.5 years of retirement.
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Old 12-07-2022, 10:10 AM   #16
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Quote:
Originally Posted by njhowie View Post
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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Originally Posted by ShokWaveRider View Post
None of these are uncomfortable, obvious maybe but not uncomfortable, except for number 6.
+1

These are "realities that if one plans for one can deal with as best as possible".
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Old 12-07-2022, 10:30 AM   #17
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#'s 2,3, and 5 are the only truths I'm aware of.
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Old 12-07-2022, 10:35 AM   #18
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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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Old 12-07-2022, 10:54 AM   #19
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It's really only 5 Uncomfortable Truths, as #6 is an advertising plug, that you need a retirement advisor.
When the punchline is a plug, that means the whole video is a plug.
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Old 12-07-2022, 11:13 AM   #20
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When the punchline is a plug, that means the whole video is a plug.
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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