The BEST Retirement Advice EVER From Retirees (7 Examples)
Here are 7 great pieces of retirement and financial advice from retirees on retirement.
Hi, my name is Duane. After a career in the music industry, I retired early at 59 in 2021 with just over $500K. Soon thereafter, the stock market (and my investment portfolio) tanked. This is my early retirement journey.
***I AM NOT A LICENSED FINANCIAL ADVISOR OR PLANNER. THIS CHANNEL IS MEANT TO PROVIDE GENERAL INFORMATION ONLY THAT MAY INTEREST YOU. PLEASE CHECK WITH A PROFESSIONAL BEFORE ACTING ON SPECIFIC FINANCIAL OPINIONS***
If you received some good info from this video, feel free to buy me a coffee!
https://www.buymeacoffee.com/retirearly500k
Duane, Thank you for inspiring me to start my own YouTube channel. It is a slow start, however I am enjoying it so far. Just a handful of videos so far. That you for all of your wonderful content. I always love reviewing your older videos, all the content is still relevant!
I am awfully late investing at 45 with just about 180,000 in savings. Can I still retire with $1 million by 50 if I begin investing aggressively?
2,000 per month is enough to be comfortable anywhere in the world aside from the US and Dubai
Thanks!
Love hearing wisdom from those who’ve been there! 💡✨ Can’t wait to see what gems they share—always something valuable to learn! 🙌
Know what your average monthly spending is. a better way to put it
I plan to retire next year
Retirement? What is that? I am a professor at a small college and love my job. I have summers off to travel or do anything I want. I enjoy school athletics and social activities, and my students keep me young. I have access to all campus athletic training equipment and as a result, my health is excellent with no issues. I waited until 70 to start Social Security. I can’t imagine giving this up for a rocking chair on the front porch. Oh by the way, I am 75. 😊
Playing guitar!!!! Best hobby EVER!
YouTube put this in my feed. Watching again in 2026. Happy New Year Duane!
just dont say Super, everyone does that now its Super annoying
I loved my chosen career and went 2 years past my full retirement age. The only reason for my retirement? A very close friend said to me. You don’t want to die with your boots on. I have no regrets, if you’re reading this and can afford to. Don’t die with your heels 👠 or boots 🥾 on.
Sub 1k complete.thank uuo
I agree with everything you said without being an advisor. This is truly what people need to hear, as retirement is not merely stopping to work but how you will transition to the next phase of life. I do like to add one more tip. Wealthy people never retire as building wealth is never ending journey. What about finding a type of business, that allows you to have lifestyle and still continue to make money? Why living life to fit in the budget but if you could live life however you want? I am not saying living lavishly to live up to the Jones next door, but being able to do what you always wanted to do so you never regret before end of your life.
Thanks for sharing 😊
i think we can retired when we have at least enough money for average living expenses, in US i think it’s about 20-25k $/year. so if you retired at 60, you can l live 20 more years and need 400-500k $, right?
Get rid of your:
“Mort”-Death “Gage”-Grip
I just scrolled by a guy in his 30’s giving retirement advice, lol. Wisdom is the best advice:)
*SEARCH.*
Live way below your means
This dude stole your whole video. https://www.youtube.com/watch?v=r_NjOB8QfCU&list=TLPQMTAwNjIwMjSNMIWOoSIvLw&index=15
Old guy here. Wow, hard to believe I’ve been retired 5 full years! I’m 65 now, but got great advice along the way. I had a mutual fund/insurance salesman tell me, “retirement isn’t about time, it’s about money. People think you leave the workforce at 65. Not necessarily. If you had the money or income, you could retire TODAY.” That’s what got me thinking about the Big R. This was 1985 and I had just gotten married and I was 27. That’s when my wife and I started the process. We opened traditional IRA for each of us and started our yearly contributions. When I started working for a company that had a 401k program, I began immediate participation beginning at 5% and eventually worked up to 18% over many years. My wife also changed jobs to one that had a state pension program with automatic contributions to it. When the Roth IRA became available, we started investing in that. We also had mutual funds, bond fund, and savings accounts. Both of us were committed to saving for retirement. That helped a lot. Learned quite a bit along the way. Here are my tips.
Start as early as you can with as much or as little as you can. Once you start, it becomes a habit.
Take advantage of time by starting early and use the technique of dollar cost averaging. You commit to an exact amount each month, say $50 dollars a month. When the market is up, you automatically buy fewer shares. When the market is down, you buy more shares because of the lower price. It becomes a custom made BUY MORE Low and LESS HIGH. Keep this up and you’ll have more shares at a lower cost. That’s how you build wealth.
You must live within or BELOW your means to save money. My friend would me people would say, “I can’t afford it.” He would respond with “if you can’t afford now, how are you going to afford it if you are older and can’t work?” It snaps them back to reality.
Cut your spending and debt. Just manage to get by with less, and invest the rest. We bought older used cars NEVER brand new, and drove them for 10+ years. Cut expenses where possible. Once you do it becomes habit.
We bought our 2nd home and lived in it 30+ years. It’s been remodeled and other repairs done. It was tempting to move to a newer home, but we resisted. Made extra mortgage principal payments instead. It took off thousands of $$$ in interest and saved us over 7 years in payments too.
You absolutely must retire with NO debt. No car loans, mortgage, credit card debt, or student loans. To me, it’s just a no brainer.
I would recommend meeting with a financial or retirement planner. I wasn’t sure, but am so glad we did. I just assumed I work till 65/70 years old. What I did not even consider or realize is that my job parameters would or could change, making it a less than enjoyable or fulfilling experience.
When we met with the professional retirement planner, he asked me about the job with ONE direct question, because I was unsure at the time to pull the pug. He asked, “is your job life SUSTAINING or life DRAINING?” I did nit hesitate, it was draining.
He said, “there’s your answer.” I’m glad I retired when I did at 60.
Good luck!
I just moved to a retired community and it’s been the worst mistake of my entire life the only ones that work there and stay to myself and all they do is stare at me and gossip and talk about me and it’s called all kinds of unnecessary stupid trouble.
I have a medium size 3 bedroom house with lots of partitions I basically only use 40percent of my home so my heating. Bill is very low compared to all the peeps I know
All great advice. Really grateful!
Excellent content. Well-thought out points. Concise, to the point, and useful.
Nice job bro, you are very positive
I’m 43 ang planning already
I woiuld not ever trust what peopl say they are on youtube, these type of people are scammers. if or when I need an Fancial Advie iwill go to a Licensed one.
Saying huge too often is no big deal but please, for the love of God don’t start saying bigly.
Thank you!
I retired recently. I have zero regrets and I’ll figure out what I want to do (volunteer, take some college courses again to keep my brain working, etc….) when I feel like I need to do that. But now? I do not miss work and am more than glad to be out of the insane world of work.
A lot of good advice here.
Retired at 65.
Plans to travel a few years.
Moved to a country for a year’s trial, just to let things settle.
Met a woman there. . The last thing I expected.
Now everything is uncertain going forward.
I’m 67 today now
Buy all the house, not too much while working. Downsize to a cheaper area, smaller house upon retirement. Travel
With a good investment plan that ensures steady incomes without any doubts you can prepare for a well organized retirement. I started investing in stocks 3 years ago and so far, I am making a good yield on my portfolio built on top etfs, blue chip stocks and dividends as well. Managed by my FA who helped me grow to a 7 figure portfolio. I love passive income.. Credits to my FA Dianne Sarah Olson
I’m working an additional 3 years due to alimony. Forced to work.
Hello Sir! I am so blessed to have found your video today. What valuable gems of wisdom. Thank you!
I have an emotional support dog, she’s great!
Becoming a millionaire through a Roth IRA or a 401(k) involves different strategies for maximizing profits. A Roth IRA offers tax-free withdrawals in retirement, which can be advantageous if you expect to be in a higher tax bracket later in life. On the other hand, a 401(k) provides tax-deferred growth and potential employer contributions, boosting your savings. The optimal choice depends on factors like your current and future tax situation, employer match, and investment options. Consulting a financial advisor can help tailor a strategy that aligns with your financial goals and circumstances.
Good advice!!
One more. Protect you assets from the govt, law and divorce. Always have your own wealth. Support ur wife and family. Half of us lose half or more when a split occurs.
I’m 64 and want to retire, but only have about $95 in my 401k. Maybe I can retire in another 10 years.
Best advice I can give you: one must retire TO something and not FROM something.
lm about to turn 61 have a job i love but i love retirees advice so im lookong at 63
I’ve got seven bits of information on retirement………… I’ll tell you what they are………… I will take the long way of telling you, though.
Acquiring stocks is simple, but selecting the right ones without a proven strategy is daunting. With a $160K portfolio, I struggle with identifying optimal entry and exit points. Any advice would be invaluable.
I’m in Australia and became a citizen back in the 80’s. Guess what I don’t qualify for a pension, discounts on utilities or medical benefits. All because they think I have too much. I’ve paid tax and get nary. Should have gone to New Zealand they believe all citizens are equal and deserve the same treatment and benefits.
Work on not having debt ($750 a month car payments are back-just like before the 2007 economy dive). Lead a minimalist life. What you like to do (meals/drinks out-expensive vacations/activities vs being happy at home, or a weeklong road trip camping along the way). Term life insurance ends when employment ends. Owning a home may be out of reach for many these days. Single people having room mates may be a requirement for some. Some will need to move to a place where the cost of living meets their income (there are YouTube channels that research that).
I’m 67, still working 3 days a week, one day in the office, two days at home, I’m fit and healthy, I feel like a 40 yr old, I’m only working because my wife doesn’t want to retire for 2 more years. Taking advantage of the UK pension tax relief so using most of my salary to pay more in to my pension pot, I’m already receiving state pension and a service pension so I need to pile money in to my pension pot to avoid 40% tax. I could easily afford to retire now but a 4 day weekend every weekend is plenty enough time for me to do what I need to do while I wait for my wife to be ready to retire. I agree, retire if you can afford to but don’t do so if it means you will be struggling financially, that isn’t a nice place to be, especially if you are working part time and are not stressed and you have your health. My key advice is, make sure you are completely debt free before you retire and your priority is your health so invest in that, diet, lifestyle, exercise, sleep 🙂