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Retired general explains ‘fascinating’ development in Russia’s war against Ukraine

Now to the latest in Russia's war on Ukraine. At least 28 people have been killed and dozens injured in a Ukrainian strike near a market today on the outskirts of the Russian controlled city of Donetsk in eastern Ukraine. This claim coming from a Moscow appointed official there. Donetsk is one of four Ukrainian regions that Moscow illegally annexed in 2022. And Lieutenant General Mark Hertling joins us now to talk about this CNN military analyst, former U.S. Army commanding general. General Hertling, great to see you as always. What do you make of this development? Very interesting. And I Where does it go from here? Well, Jim, a lot of people are saying that it's turned into a stalemate again.

I don't believe that personally. Both sides are having challenges. The Ukrainian side are having challenges with ammunition and resupply and logistics. The Russian side is having challenges with getting their soldiers to fight Both sides have learned a lot of lessons over the last two years. They're trying to apply them. What's interesting about where we are right now is Russia is getting a lot of equipment from North Korea and Iran using it on the battlefield, both artillery shells and drones.

Ukraine, on the other hand, is still getting equipment, but they have that pause from the U.S. and other Western sources at this phase of the campaign. So they can't keep up their moment. That momentum At the same time, though, they're still conducting strikes. And what we're seeing really is a battle of air defense during the winter time. You remember early last year, I talked about how as we were giving air defense equipment to Ukraine, they couldn't put it everywhere.

So there were going to be some strikes in some of their cities. Russia now has the same problem, except this time. Ukraine now has drones and some missiles that they're using to great effect inside of Russia. And territory. So it's forcing Russia to reconsider where they replace in their air defense instead of getting hit in the rear areas like they were several times a day in Saint Petersburg, Russia. That's that's fascinating to me how Ukraine is taking the fight to the rear area right now. Yeah. Ukrainian defense sources tell CNN that they have carried out a drone attack on a Russian oil terminal on the Gulf of Finland. The source called it a new stage targeting military facilities and oil depots. What's your assessment of that? And I guess how does it fit into the overall picture? Because, you know, maybe you and I were talking about this earlier this past week, but Fred Pleitgen had this report about commanders and Ukrainian commanders having to be judicious and thrifty when it comes to how much ammo they use on the battlefield because they're worried about supply lines drying up.

But it sounds as though the Ukrainians are still taking the fight to the Russians. They are. And that's what I just pointed out, where we're seeing the very good use of operational targeting. That strike against that oil field, as you said, in the Sea of Finland, is actually against the city of Saint Petersburg. That's where that oil field is. By the way, I don't think it's a coincidence that Saint Petersburg is the home of President Putin.

So what we're seeing right now is some really good operational targets long range strikes. I believe it's the fact that the Ukrainian general officers are saying, hey, we can't fight the tactical battle right now because our supply lines are disrupted. So we have to take the fight to the operational and strategic level and hit these Russian logistics targets and threaten their their resources and their stability and their supply and also threaten their citizens inside of the Russian Federation.

And what do you make of what's happening in Congress right now when it comes to this fight over Ukraine? Aid? I was talking to both Vindman brothers, Eugene and Alexander, yesterday. And, you know, a comment that you made just a few moments ago just kind of piqued my curiosity and I wanted to ask you about it when you said that Iran and North Korea are coming to Russia's aid. I think the argument has been made that Vladimir Putin benefits if Congress doesn't come to the aid of the Ukrainians, but to some extent, so does Pyongyang and Tehran. Yeah, absolutely. Jim, you're absolutely right. And what is fascinating to me and just really depressing is the fact that you have these dictatorial and authoritarian axis of North Korea, China, Iran, all providing aid to Russia in this fight. And it's been very effective in both their tactical battles and their strategic battles. And then you have the U.S. Congress dithering, the Republicans in Congress trying to make tradeoffs when a nation that's a Democratic nation like ours that is looking to us for help for their sovereignty and their freedom.

We're debating that. It just doesn't make sense to me from a political perspective as a soldier that this kind of thing would be going on in Congress. We need to change that soon or we're going to see Ukraine really put on the horns of a dilemma. Well, that's what I was watching How long do you think the Ukrainians can hold out? Is there really just no way of knowing that because of the fight that the Ukrainians have shown you? That's difficult to quantify.

And they still have the ability to conduct asymmetrical attacks like we were talking about earlier. Well, they do have the ability to conduct those attacks. How long it's going to take, Jim, I don't know. Having been a commander on a battlefield once where the supply lines were interrupted, you have to do a lot of things to adapt to that.

I can't imagine what Ukraine is doing right now, what their commanders are having to do when you're talking about the depletion of artillery rounds, the depletion of equipment that's been damaged or destroyed and how they're making up for it. So in that case, a commander has to pick and choose their fight. And that's tough to do when you're trying to gain momentum in an assault.

Both sides Russia and Ukraine are in an operational pause right now, Ukraine because of supply difficulties. And I would suggest Russia, because they're their soldiers are getting killed by the dozens, by the hundreds on a daily basis because they're still having challenges with maneuver and attacks in different areas. All right. General Hertling, great to talk to you as always. Really appreciate it. Important subject. Thanks for your time. Thanks, Jim. Turning to the conflict in Ukraine, where Ukrainian troops have withdrawn from a small village in the hockey region as Russian forces ramp up pressure in several locations along the front lines. But Ukraine is also striking back, hitting areas within Russia and potentially trying to disrupt Moscow's military operations. CNN's Fred Pleitgen has the details The Ukrainians once again demonstrating their long distance strike capability, in this case, claiming to have hit an oil depot near the town of Saint Petersburg. Now, this depot is about 100 miles west of Saint Petersburg on the Gulf of Finland. And the Ukrainians are saying that it's a very important one for the Russians because they're they make an array of products including jet fuel.

And the Ukrainians say that some of those products are used by the Russian military. In other words, the Ukrainians say they consider this to be a legitimate target. Now, if the drone was indeed flown from Ukrainian territory, it would have flown hundreds of miles across Russia to then reach that area, that area of Russia that it would have flown over also has a lot of very capable air defenses. So certainly a big feat by the Ukrainians if indeed they flew that drone out of Ukrainian held territory. And also all this comes only days after the Russians also said that they had taken down a Ukrainian drone in an area around where the strike has now happened now. All of this is going on while the war continues to be in full swing. The Russian held area of Donetsk saying that many people were killed in Ukrainian shelling on Sunday. The Ukrainians are also saying that they are trying to defend against Russian pushes that are happening along the east and southeast of the front line.

The Russians are saying that they managed to take a village from the Ukrainians in the heart Kiev area as the Russian military continues to push for CNN in eastern Ukraine..

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Legacy Senior Living | Safe and Comfortable Retirement

legacy senior living vancouver's premier retirement community feel safe and comfortable in an active luxurious environment with exceptional amenities delicious dining and services to suit your every need discover the difference at legacy senior living.

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A Happy Retirement is Possible – 5 Things you should Never Ignore!

we know retirement is different for everyone some have it all figured out and some are living the most amazing third phase of life but many are actually struggling when jody says or we say struggling you know they're getting by they're getting by and each day might be okay but it really isn't what they imagined well days might be better than okay but stringing a few of those together is difficult right is that what you think that's what we hear i do think that and i also again we imagined our retirement years ago as really sitting on the beach having pina coladas and traveling around the world and we tried that for 12 months and it didn't work it just wasn't enough for us so today we're going to talk a little bit about some things that might might help you you know i'm sure you'd all agree we deserve after all the years of working the best retirement ever and it can and should be so today we're going to try to help you with some items to make sure you don't fail we're going to talk to you about five areas of your life that you really need to be aware of but before we go any further particularly for those of you that are new here we want to introduce ourselves my name is mark rollins and i'm jody rollins and we started retirement transform in 2017.

Not only for us and for you but for the 10 000 people turning 65 every day now we don't focus on anything financial but rather we focus on lifestyle health relationships and more if you're new here please hit the subscribe button below and also the notification button so you get notified when our new content comes out so let's jump into the five critical areas of your life that you don't want to ignore so the first one you cannot ignore your health and you probably have for years well probably i don't know about probably but maybe we know people that do but when we say health we need your we mean your mental health and your physical health for me this is core to my success in retirement and i i would say it's probably core to you too because we always start our day around health sometimes and physical some type of movement some type of meditation right yeah because that just gets us grounded for the day but it's but it's more than that it's also checking in with your medical provider well it is right it is you know i i was talking to a friend the other day who i saw that his wife passed away on facebook back in september but i didn't know the story about it so i finally got a hold of him and i had a conversation with him last week and they were married for i don't know 40 years and he told me that she was a rock she was healthy she just everything about her was great and one day in august of last year she felt terrible ended up in the hospital and it turned out her sugar numbers were i don't know 1500 i don't know what the high number is i know i was pre-diabetic for a while so i was really careful with that but she was off the charts and honestly it was just downhill from there and unfortunately in 60 days she passed away and that was unheard of to me but here's here's the part that really just got me very upset while she felt healthy she had never had an annual physical i mean folks if you haven't seen your doctor in a year or two or three you have to go i mean it's critically important to baseline right as you're moving through this phase of life especially if you've got a vision for yourself 20 or 30 years out right you need to be working on that and getting the information today so you know i would say where to start you know pay attention to how you feel get your doctor visits up to date yeah move your body move your body get up and walk 20 minutes a day you'd be surprised if the first thing you do in the morning after a glass of water is go out the door and walk for 20 minutes 10 minutes one way and then you come back if you want more information on this thing we're going to drop links to some videos down below where we go into depth on your physical wellness so the first one don't ignore your physical wellness right and where you are the second one is just don't ignore your relationships now you have the time you know we suggest even making a list you know make a list of those colleagues you were close with during your career or maybe some people that left before you left or those that are still there and are are about to leave and enter this phase as well yeah what we've done with that is we've made these lists and for those who've retired we stay in touch and you know we try to get together when we can but the younger people are still there it gives us a chance to mentor them that always feels good when you can talk with an upcoming um junior executive i don't know the right word but someone in her 30s or 40s who could really benefit from your advice so i think it's really good to get those folks on the list too and check in with them once in a while yeah and then there's more folks you can put on a list to kind of add richness to this you know there's your community and your your church or you know faith-based you know place your clubs where you're volunteering or start a club start a coffee group with uh a bunch of guys or in your case women um you could do a dating group you wouldn't want me to start a coffee group with a bunch of guys no i could what about a knitting group you do knitting i do you know i wish i knitting click click but i don't well i think the point is creating communities in retirement is important there are some already there clubs church volunteering but you also can create your own like-minded people in this phase so you don't want to ignore your relationships you don't okay that was the second one what's the third one the third one and while we can't help you with this and we don't do this it is critical to your retirement and that's making sure you have a financial plan don't ignore your finances you can't just assume everything's going to be okay you really need to have a financial planner to give you a clear picture of your finances you need to have a budget how much money you can live on each year that will just ease your ease your not paying ease your attention or stress yeah with your partner i mean well but really here we're talking about non-financial plan items you know we don't know what your life plan is right now or what your vision is in retirement but you should have your finances in order in order to support the plan right so plan or no plan we came up with a phrase well here's the thing um you need a financial plan we don't do that but you also need a plan in retirement and whether you have a plan or not you're living a certain retirement and we did come up with this phrase yesterday talking to a client that you know they're not really happy where their retirement is and they don't have a non-financial plan so we said to them well your current non-financial retirement plan is perfectly designed to provide you with the retirement that you're living and they said well i don't have a plan i said well let me say this again your current non-financial retirement plan is perfectly designed to provide you with the retirement you're living so without a plan you're just living day to day moment to moment and that's not good and some people would say and we have gotten pushed back that that they're happy with that and that's all we want to hear is that you're happy with where you are but we've all planned our entire life up until now why stop that's the thing that we don't get why you know you you planned all your education your career your marriage your kids if you had it owning a home buying and selling homes you've been planning for 40 or 50 years what did the next 30 years look like for you it's true and you know what mark and i did was we developed our five pillars and started with visions around those so as you mentioned our mental health and our physical well-being and then our spouse partner relationship and other relationships as well as wisdom sharing and maybe even the sixth pillar building our community yeah so we really built visions around those the other thing you could do where to start is join us in our mastermind in january you know that's where we will go deep into each of the pillars and help you with that and we only hold that once a year you can buy our online course now you can go to the website and you know we'll leave that link below but we also think if you want to be coached through this process for just a little bit more money we're actually going to do it live for um january do it once a year so you might want to think about doing that if you don't have a plan and your retirement could use a little spruce up let's call it so the third item was pay attention to your financial plan as well as your non-financial plan so what's the fourth the fourth one is don't assume you can just wing it and i really want you to take this phrase seriously you you shouldn't think about winging it every day and every week and every month for the next 20 or 30 years when did that work out well for you i'm sure you never winged it during your career right did you i didn't no no you wouldn't have gotten some time i think maybe you did did not and you didn't wing it having kids thinking well everything will be fine the next 20 or 30 years of your life is valuable it's um it's worth the input your time affluent you now have time don't squander it right right it's it's worth the input okay to plan so the fifth thing is don't ignore your skills and talents that you gained over all those years use them in this phase of life to gain your fulfillment or your purpose you know all that we've both learned you know when we left our career um the last thing we were thinking of was starting a business like that like this but it evolved and here we are and now you know we absolutely love it and we use the skills and talents we learned speaking getting organized whatever it was to help others we were both great coaches during our career so we flipped that into retirement you could do the same thing you know my dad when he retired he packed up all of his experiences all of his stories and he put it in a box put a bow on it and stuck it on the shelf in the garage we're not doing that and you shouldn't either this is our time we need to make it fun and also create a great balance in your life you know our retirement life has things like golf and travel and downtime on top of our five pillars that i mentioned earlier i think you can do that too so we hope you enjoyed this do us a favor and please share it with your friends and also subscribe by clicking the subscribe button and also click the notification button so that you get notified when our new video comes out every wednesday at four o'clock and finally join our free facebook community the link is in the notes below thanks for listening and we look forward to being with you again you

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Best 401K To Physical Gold IRA Rollover Benefits Review

Best 401K To Physical Gold IRA Rollover Benefits
Review A 401K plan provides a simple vehicle for
company employees to save a portion of their earnings. Additionally, many 401K plans are qualified
for a firm "match" up to a predetermined amount and/or percentage. These plans can be an extremely convenient
way for workers to spend less on a regular, ongoing basis. 401K plans, however, may be somewhat constrained
in the investment options available. Many investors these days are searching for
added diversification and reassurance. In an ever changing world using geopolitical,
money, stock market and inflation risks, among others, many investors are searching for ways
to own physical precious metals, such as gold or silver. This short guide will outline how a 401K application
from a former employer could be rolled over into a gold or silver IRA. What's a 401K Plan? A 401K plan is a qualified, tax-deferred account
that's defined in subsection 401K of the Internal Revenue Code. In a 401K plan, employees are allowed to contribute
a defined part of the earnings over a pre-tax basis to their accounts.

These earnings are pulled from the employees
pay prior to taxation, and tax on the earnings will be deferred until retirement withdrawals
are made. In addition, employers may contribute to the
workers plan in the form of a business match. The company match can fluctuate, and a percentage
match up to a predetermined percentage is common. These plans do have annual contribution limits. Moreover, you may make only one rollover from
an IRA to a different (or the same) IRA in any 12-month period, regardless of the amount
of IRAs you own. A 401K plan includes numerous potential benefits. Some of these benefits might include: Automated
Savings, Company Match, Tax-Deferred Expansion, Skill To Borrow From – Under Specific Circumstances,
Various Investment Options, Convenience While investment choices inside a 401K plan
may be restricted, many plans offer you numerous ways to commit money within the account.

Given multiple options within a fund, an individual
could be able to market their 401K holdings. In addition, account holders may move money
between funds as time moves or market conditions vary. A business match on donations can be a huge
perk for many employees. Many companies no longer offer pensions for
their workers, but now rather offer some form of business match on capital the employee
prospects. These matching funds can accumulate quickly
and will help one reach their retirement goals faster. Company matches on capital may fluctuate,
in addition to the amount of time until those funds are deemed vested. One has the ability to borrow funds from their
401K account under many programs and under certain circumstances. These conditions may include buying a home,
education or healthcare expenses or economic hardship. Such loans should generally be paid back within
five years, and the interest that you pay on the loan goes right back into your own
account. It is important to note, nevertheless, that
should you depart the company with a 401K loan outstanding, he or she will have a limited
quantity of time to repay the loan.

If this doesn't happen, they may be liable
for taxes on the capital, in addition to premature withdrawal penalties if under the age of 59
1/2. Can I Have Physical Gold in a Typical 401K? While 401K plans may provide several choices
for investments, the total amount of asset classes available to invest in may be limited. Standard 401K plans do not have the option
of physical gold or silver possession. The nearest one can come would be owning precious
metals funds, gold or silver mining stocks or other similar paper goods. Of course, lots of buyers of physical precious
metals desire to own the physical, tangible metals for their inherent advantages. While specific circumstances may allow for
physical metals ownership inside a 401K, like in a self-directed 401K, most people with
a regular 401K account may need to try to find other alternatives in order to own physical
gold or silver. This is the point where a gold or silver 401K
rollover may come into play.

A gold or silver IRA rollover is simply the
moving, or"rolling over" of a 401K account from a former employer into a precious metals
IRA accounts . There are several issues worth noting and exploring about this possible option: If you're still used by the company that sponsors
your 401K plan, you will likely not have the ability to roll over funds to a gold or silver
backed IRA. There may, however, be exceptions. It is best to consult your plan sponsor. One can also possibly keep his or her present
401K plan and buy physical gold or silver via another, self-directed IRA account.

401K accounts from previous employers can
be rolled over into real life gold or silver IRA accounts, a new 401K plan with a current
employer, or might be cashed out. Cashing out, however, can involve tax obligations
and penalties and must be very carefully considered. The practice of rolling over an old 401K account
into a gold or silver IRA is relatively simple and can be accomplished in a brief time period. In a nutshell, the Procedure goes like this: Select a self-directed IRA custodian. Regal Assets is our favorite custodian. Complete all essential paperwork to complete
the transfer of funds from the old 401K into a searchable IRA account. Once the IRA custodian has received all essential
paperwork and money, you may shop various gold and silver retailers for the goods you
wish to purchase.

Once you've decided on a buy and secured in
a price with all the precious metals dealer, the dealer will bill your IRA custodian for
payment. Your IRA custodian will supply you with frequent
account statements on your gold or silver holdings. There are several things to think about when
rolling over an old 401K plan to a self-directed precious metals IRA account. A few issues to consider are: Choice of Custodian,
Choice of Depository, Gold or Silver Merchandise to Purchase, Ongoing Contributions There are lots of gold and silver IRA custodians
to choose from. When comparing IRA custodians, a few things
one may want to compare include duration of time in business, customer reviews and expenses
and fees. Custodians could be compared online from the
comfort of your home or office. The exact same can be said for choosing a
depository. You will find many accepted depositories to
choose from in a variety of locations. You might choose to compare fees and expenses,
in addition to security and/or any insurance provided. When it comes to choosing gold or silver merchandise,
there are regulations in place dictating what can be bought in an IRA account.

These regulations are extremely specific. If Looking to Purchase gold, a number of those
approved products are: American Gold Eagle Coins, Austrian Philharmonics, Canadian Gold
Maple Leaf Coins, British Gold Britannia Coins, South African Gold Krugerrand Coins, American
Gold Buffalo Coins, Chinese Gold Panda Coins, Various Gold Bullion Bars of Minimum Purity
Produced by Approved Mints. If looking to purchase physical silver, in
addition, there are restrictions on what could be purchased in an IRA account. A number of those approved silver products
comprise: Broadly speaking, the gold and silver goods
eligible to be bought within the IRA accounts are extremely liquid and carry lower premiums
compared to many different goods.

There are lots of possible reasons to purchase
a gold or silver 401K rollover. No two investors are exactly the same, and
investors may have different targets or concerns. A number of the potential reasons may include: Inflation is a sustained gain in the costs
of products and services — in other words things are becoming more expensive. As inflation accelerates, one's purchasing
power is eroded. A dollar now buys under a buck did 10 years
ago for example. As inflation increases, one's actual returns
on investments might be less, as well. Some investors think that precious metals
such as gold and silver might not eliminate value like other assets during times of high

In reality, many investors believe that the
worth of gold or silver might potentially increase during periods of high inflation
thus offering a hedge against rising costs. DOLLAR DEVALUATION: Some traders purchase
precious metals to hedge against dollar devaluation. Like inflation, since the value of paper currency
is eroded products and services become relatively more costly. Gold and silver have been denominated in U.S.
dollars and often times exhibit a reverse correlation to the dollar. To put it differently, often times once the
dollar falls, gold and silver rise. Conversely, the value of gold and silver may
decline if the dollar is rising. PORTFOLIO DIVERSIFICATION: Many investors
today are looking for ways to further diversify their portfolios. Today's investors are looking for extra asset
classes beyond just stocks and bonds.

Precious metals, like gold and silver, may
provide an extra layer of diversification. Precious metals frequently exhibit little
significance to stocks or bonds and, thus, may be an efficient way to add diversification. They have proven to be a reliable store of
value over that time and are still recognized today for their value. These metals are transacted all over the globe. An ounce of gold in the U.S. is Just like
Unlike paper investments, physical gold and silver can't go bankrupt or default on an

PEACE OF MIND: Physical gold or silver possession
can offer significant reassurance. Due to their history, characteristics, absence
of counterparty risk and liquidity, precious metals ownership may provide a level of relaxation
in a changing universe. Of course, this list can go on and on, but
these are just a few reasons that many investors turn to gold and silver. This manual is meant to be a concise introduction
to rolling over a 401K accounts from a former employer into a precious metals IRA that possesses
physical gold or silver.

That having been said, there are very specific
guidelines which has to be adhered to. If you've got a 401K accounts with your existing
employer, we advise that you discuss your desire for physical gold or silver ownership
with your plan sponsor to see what, if any, options might be accessible to you. If your 401K is by a prior employer, the procedure
to roll it is rather straightforward and simple.

One should always, however, consult their
tax professional before doing anything tax related or that may have tax implications. In order for the rollover to go eloquent,
all regulations must be adhered to. Your tax professional can guide you through
the procedure and answer any tax related issues that you might have. While this guide is supposed to be for informational
purposes only, no investment advice is being given or implied. I hope you have enjoyed this best 401K to
physical gold IRA rollover benefits review. There are many benefits to rolling over your
401K to gold and precious metals.

If this interests you, please visit
Order your Free Gold IRA Rollover Kit: Call: 1-844-612-7162.

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Silver and other precious metals IRA

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The 4 phases of retirement | Dr. Riley Moynes | TEDxSurrey

Transcriber: Zsófia Herczeg
Reviewer: Peter Van de Ven Everyone says you have to get ready
to retire financially. And of course you do. But what they don’t tell you
is that you also have to get ready psychologically. Who knew? But it’s important
for a couple of reasons. First, 10,000 North Americans
will retire today and every day for the next 10 to 15 years. This is a retirement tsunami. And when these folks come
crashing onto the beach, a lot of them are going to feel
like fish out of water without a clue as to what to expect.

Secondly, it’s important
because there is a very good chance that you will live one third
of your life in retirement. So it’s important that you have
a heads up to the fact that there will be significant
psychological changes and challenges that come with it. I belong to a walking group
that meets early three mornings a week. Our primary goal is to put
10,000 steps on our Fitbits, and then we go for coffee
and cinnamon buns – (Laughter) more important.

(Laughter) (Applause) So as we walk, we’ve gotten into the habit
of choosing a topic for discussion. And one day, the topic was, “How do you squeeze
all that juice out of retirement?” How's that for 7:00 in the morning? So we walk and we talk, and the next day,
we go on to the next topic. But the question stayed with me because I was really having
some challenges with retirement. I was busy enough,
but I really didn’t feel that I was doing very much
that was significant or important. I was really struggling. I thought I had a pretty good idea of what success looked like
in a working career, but when it came to retirement,
it was fuzzier for me.

So I decided to dig deeper. And what I discovered was
that much of the material on retirement focuses on the financial
and/or the estate side of things. And of course, they’re both important
but just not what I was looking for. So I interviewed dozens
and dozens of retirees, and I asked them the question, “How do you squeeze
all the juice out of retirement?” What I discovered
was that there is a framework that can help make sense of it all.

And that’s what I want
to share with you today. You see, there are four distinct phases that most of us move through
in retirement. And as you’ll see,
it’s not always a smooth ride. In the next few minutes, you’ll recognize
which phase you’re in if you’re retired, and if you’re not, you’ll have a better idea
of what to expect when that time comes. And best of all, you’ll know
that there is a phase four – the most gratifying,
satisfying of the four phases – and that’s where you can squeeze
all the juice out of retirement. Phase one is the vacation phase,
and that’s just what it’s like.

You wake up when you want,
you do what you want all day. And the best part
is that there is no set routine. For most people, phase one represents
their view of an ideal retirement. Relaxing, fun in the sun – freedom, baby. (Laughter) And for most folks, phase one
lasts for about a year or so, and then, strangely,
it begins to lose its luster. We begin to feel a bit bored.

We actually miss our routine. Something in us seems to need one. And we ask ourselves, “Is that all there is to retirement?” Now when these thoughts and feelings
start to bubble up, you have already moved into phase two. Phase two is when we feel loss, and we feel lost. Phase two is when we lose the big five – significant losses
all associated with retirement.

We lose that routine. We lose a sense of identity. We lose many of the relationships
that we had established at work. We lose a sense of purpose. And for some people,
there is a loss of power. Now, we don’t see these things coming. We didn't see these losses coming in
because they happened all at once. It’s like, poof, gone. It’s traumatic. Phase two is also when we come
face to face with the three Ds: divorce, depression and decline – both physical and mental.

The result of all of this is that we can feel
like we’ve been hit by a bus. You see, before we can
appreciate and enjoy some of the positive aspects
associated with phase three and four, you are going to, in phase two, feel fear, anxiety
and quite even depression. That’s just the way it is. So buckle up and get ready.

Fortunately, at some point,
most of us say to ourselves, “Hey, I can’t go on like this. I don’t want to spend the rest of my life, perhaps 30 years, feeling like this.” And when we do, we’ve turned the corner to phase three. Phase three is a time of trial and error. In phase three, we ask ourselves, “How can I make my life meaningful again? How can I contribute?” The answer often is to do things
that you love to do and do really well. But phase three can also deliver
some disappointment and failure. For example, I spent a couple of years
serving on a condo board until I finally got tired
of being yelled at.

(Laughter) You see, one year the board decided
that we were going to plant daffodils rather than the traditional daisies. (Laughter) And we got yelled at. Go figure. I thought about law school,
thinking perhaps of becoming a paralegal. And then I completed a program
on dispute resolution. It all went nowhere. I love to write. So I created a program
called “Getting started on your memoirs.” That program has met
with “limited success.” (Laughter) It’s been a rocky road for me too,
and I told you to buckle up. Now, I know all this can sound bad. But it’s really important to keep trying and experimenting
with different activities that’ll make you want
to get up in the morning again because if you don’t, there’s a real good chance
of slipping back into phase two, feeling like you’ve been hit by a bus. And that is not a happy prospect. Not everyone breaks through to phase four, but those who do
are some of the happiest people I have ever met.

Phase four is a time
to reinvent and rewire. But phase four involves
answering some tough questions too, like, “What’s the purpose here?
What’s my mission? How can I squeeze
all the juice out of retirement?” You see, it’s important that we find
activities that are meaningful to us and that give us a sense
of accomplishment. And my experience is that it almost always
involves service to others. Maybe it’s helping a charity
that you care about. Maybe you’ll be like the old coots. (Laughter) (Applause) Yeah. These folks took a booth
in the local farmers market and were prepared to give their advice
based on their vast years of experience to anyone who came by.

So one of their first visitors was a kid
who wanted help with his math homework (Laughter) on his tablet. (Laughter) They did the best they could. Or maybe you’ll be like my friend Bill. I met Bill a few years ago
in a 55 plus activity group. In the summer, we golf together
and walk together and bicycle together. And in the winter, we curl. But Bill had this idea that we should exercise
our brains as well. He believed that there was
a tremendous pool of expertise and experience in our group, and so he approached a number of folks and asked if they would volunteer to teach some of the things
that they love to do to others. And almost invariably, they agreed.

Bill himself taught two sessions, one on iPads and one on iPhones, because we were smart enough to know
that a number of our members had been given these things
as gifts at Christmas (Laughter) by their children, and that they barely knew
how to turn them on. The first year, we offered nine programs,
and there were 200 folks signed up. The next year, that number
expanded to 45 programs with over 700 folks participating. And the following year,
we offered over 90 programs and had 2100 registrations. Amazing. (Applause) That was Bill. Our members taught us
to play bridge and mahjong. They taught us to paint. They taught us to repair our bicycles.

We tutored and mentored local school kids. We set up English-as-a-second-language
programs for newcomers. We had book clubs. We had film clubs. We even had a few golf clubs. Exhausting but exhilarating. That’s what’s possible in phase four. And do you remember the five losses
that we talked about in phase two? The loss of our routine and identity and relationships and purpose and power? In phase four, these are all recovered. It is magic to see, magic. So, I urge you to enjoy
your vacation in phase one. (Laughter) Be prepared for the losses in phase two. Experiment and try as many different
things as you can in phase three, and squeeze all the juice
out of retirement in phase four. (Applause).

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2 retired cops from different worlds reunite for an important cause




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Retire With $500,000: How it Works, Examples

When you hear about retirement planning some 
pretty big numbers get thrown around. But the   reality is that most people don't have one or two 
million dollars set aside. So let's look at what   it's like to retire with $500,000 and what we'll 
do is start with some calculations and give you   tips on how you can run these numbers for yourself 
with your own details. Then we'll go through some   strategies that can help you make that money last. 
Five hundred thousand dollars is sufficient to   retire on for a lot of people and a lot of people 
do it with less.

Now, more is certainly better   but it ultimately comes down to your individual 
circumstances for example the amount you spend   is a big factor and that's going to depend on a 
couple of different things it might just be your   lifestyle but where you live also has an impact 
on your expenses any income sources that come   into your household are also important so if you 
have a pension plus Social Security (full Social   Security benefits) then that's certainly helpful 
if you have multiple sources of income coming   into the household that doesn't hurt and luck also 
plays a role in all of this so it might have to do   with what do the markets do right after you retire 
are they strong or do they crash? Or what type of   health care events come up what conditions do you 
have now and what might arise during retirement?   All of these things together are going to affect 
what your spending looks like to keep things   simple we're going to use some averages from the 
BLS the latest data available is roughly $48,000   per year that a household over age 65 spends 
but ultimately this needs to be useful for you,   so you can take the concepts that we talk about 
in this video and then overlay your own numbers   into the calculators that you're going to have 
access to, and that way you can get a decent idea   of what your retirement might look like.

It's also 
helpful to know that your spending can change over   time during retirement for example some people 
talk about the go-go the slow-go and the no-go   years. So your go-go years are right after you 
stop working you're young and healthy and you're   eager to go out and do all of those things you've 
dreamed about doing but you might start slowing   down some and eventually you get to a point where 
you don't want to sit on an airplane for eight   hours and your health care costs start to rise 
as you spend less on leisure and entertainment.   Another big piece of all this is any retirement 
income that you get so that's Social Security   or pensions and Social Security is a big piece of 
retirement income for a lot of people in the u.s   so we're going to lean on that as we go through 
this if you have roughly $500,000 saved for   retirement then we're going to assume that you get 
a bit more than the average here because you've   had the earnings and the work history to help you 
save some money your age also affects how much you   get from Social Security, so that can impact 
your plan you really want to do some analysis   and make some decisions keeping in mind that you 
may have beneficiaries who might take over your   Social Security benefit.

By the way, I'm Justin 
Pritchard, I help people plan for retirement   and invest for the future. So, in the description 
below, you're going to find some resources on this   topic, and I'll include some links to calculators 
that you can use to run your own numbers.   So we'll start with a single person example 
and then get into a couple, and these are over   simplified examples but the important thing is to 
paint the picture of how things might unfold and   show you how you can run some of these numbers 
yourself. We looked at some of those statistics   on spending and if you're going to retire with 
$500,000 in assets unless you have some really   great retirement income you're probably not going 
to be on the high end of those statistics so we'll   assume somebody here spending about 45 thousand 
dollars per year going to get 2 000 a month   of Social Security income so we'll put those 
numbers into our handy calculator here 45 000   of spending or income we're going to ignore 
taxes for right now but we'll get to that later   and she gets 2 000 a month in Social Security that 
leaves 21 000 that she's going to need to withdraw   from savings each year now you can play with an 
inflation rate and of course inflation is higher   right now the question is will it remain high 
for the rest of your life for the next 30 years   or something that would be interesting if it did 
so I'm just going to go with this for right now   and one year away from retirement let's 
say five and a half percent returns   both before and during retirement and 25 years 
of life maybe 30 years of life if we look at   the calculations there this person needs about 
457 000 so depending on how much she has if you   already had 500,000 you might be all set however 
again this is an oversimplification so we have   ignored taxes let's assume that all of that money 
is in a pre-tax retirement account you're going   to have to pay some income taxes when you take 
withdrawals so one way to look at that is just to   increase again this is an oversimplification but 
you might say let's call it 50 000 and assume   roughly 5 000 in taxes each year and what might 
that mean well that might mean you need an extra   65 000 above the 500 000 you're thinking of 
another issue is that this assumes flat returns   each year and the fact is that you're never going 
to get exactly five and a half percent some years   you'll get five, some years you'll get six, some 
years you'll lose money, some years you'll earn   more, but they typically don't go in a straight 
line so we have to wonder what would happen if   you have bad timing for example if there's a 
big market crash right at the beginning of your   retirement.

To help paint a richer picture 
of that let's look at a financial planning   program that's a little bit more robust so this 
is saying that she might have roughly a 50-50   chance of success and I've got some tricks to 
improve that but just for starters that's more   or less a coin toss so what does that mean 
if there's a 50% chance of success this is   a Monte Carlo analysis and so what happens is 
we might say that you get a thousand different   hands of cards.

Some of those are really good 
those might be the ones up here that leave you   with a lot of money at the end of your retirement 
or the end of your life some of them are really   bad and you would run out of money early and in 
roughly 50% of these cases you end up just making   it you're probably not going to get the best luck 
as you go into retirement and hopefully you don't   get the worst luck but we want to be able to 
account for a number of different ranges here so   that if things are kind of bad or pretty bad that 
you have a decent chance of making it so what can   we do to improve those chances of success one way 
is to adjust spending so if you're flexible then   you can reduce what you spend in years when things 
are really bad or you might even look at something   like the retirement spending smile which is based 
on some research from David Blanchett which says   that retirees might spend it roughly inflation 
minus one percent now this has her with a 100%   chance of success which i don't like nothing 
is 100% certain i wish it would stop at 99%   but just by making that little adjustment this 
has dramatically improved the chances but it's   not something you can do on one of those basic 
online calculators just to look at a little bit   more detail on how this might unfold by the way 
this doesn't perfectly match what we looked at   in the basic online calculator but 
it's close enough for our purposes   so they have about five hundred thousand dollars 
here she's going to work for one more year then   that income stops she's going to wait until age 
70 to take Social Security so there are a couple   years there with zero income and then a partial 
year then that full Social Security benefit   kicks in of course it's inflation adjusted so 
it's actually higher out in the year 2029 those   expenses are right around 45 000 when she stops 
working and there's that five thousand dollars of   taxes due so in these first couple of years 
when she has no income she's going to be taking   pretty big withdrawals to support her spending 
but once that Social Security income kicks in   then she can take much smaller distributions and 
that tax bill is going to come down and we can   take a look at that if we look at what her tax 
rate might be this is an effective tax rate so   this takes into account any deductions that you've 
taken, uh, typically people pay surprisingly low   taxes especially if you're at this asset level 
in retirement roughly $500,000 in savings if   you have a couple of million you're going to be 
in higher tax brackets especially later in life   once you start taking those required minimum 
distributions but at this stage and with this   asset level the tax rates can be surprisingly low 
for some people so that was our single example and   now we can look at a couple but I'm not going 
to go through all of those steps again they've   got two sources of income coming in so that makes 
it a lot easier to support higher spending levels   so let's jump over to the quick calculator just to 
see how that looks so they wanted 50 000 of income   or spending they've got 35 000 of Social Security 
coming into the household so that's only 15 000   they need to generate out of their assets let's 
throw on a little bit extra just for some taxes   and other things so we'll keep all of the other 
assumptions the same and it's a 30-year retirement   here they can also make do with less than 500 000 
again ignoring some taxes and bad timing and other   things that might pop up as surprises but with 
a really simplified calculation they're at least   kind of in the ballpark with about 500 000 
in assets of course it's important to plan   for one person's death and that might happen 
sooner or later so you want to look at how   that might affect the household as you're doing 
these ballpark calculations another thing you   can do is look at a withdrawal rate again it's an 
oversimplification but it's a way to kind of take   your temperature and just see if things look way 
out of whack or if they look more or less okay   so in this case we've got them pulling 20 700 out 
of their assets and that's based on let's call it   $500,000 of assets so if we divide that we get 
4.14 percent is the withdrawal rate that these   people are taking the great debate is always 
going to be what is the right withdrawal rate so   the anchor point for a lot of people 
has been a four percent withdrawal rate   otherwise known as the four percent rule which 
is a bad name for it it's really more of a four   percent research finding and that's based on some 
research done long ago to try and figure out what   is the maximum amount that people could withdraw 
in really bad situations with historical data and   pretty simplified portfolios that happened to be 
four percent now if you look at that and you use   a more diverse portfolio it could potentially 
be higher however a lot of people will say that   given today's environment with low interest rates 
and wherever the market is a lot of people think   that four percent is too high this is something 
that people can quibble about for hours on end   so I'm not going to try and tell you what is your 
correct withdrawal rate i actually prefer to do   more detailed calculations like with the financial 
planning program i tend to find that that's more   helpful but it is often useful to figure out if 
you're looking at a six percent withdrawal rate   you might want to make sure that you have a 
backup in place or you have a good reason for   withdrawing a lot versus a one or two percent 
withdrawal rate you have to wonder if you are   selling yourself short once again any flexibility 
you have in retirement is extremely valuable so if   you're able to change your spending in response to 
how the markets do if you are running out of money   more quickly than anticipated then that is super 
helpful and maybe you can retire sooner or maybe   you can start with a higher withdrawal rate versus 
if everything is rigid and you're running pretty   thin then you want to go with a lower withdrawal 
rate because you don't have a lot of cushion to   adjust to life surprises so just for reference 
here we're looking at some data from JP Morgan,   their research on withdrawal rates and different 
portfolios and when might you have a relatively   high level of confidence when should you be more 
concerned and they give you a rough idea what I   like about this is it doesn't just point at one 
number it gives you some ranges and you can say   well I'm comfortable with certain ranges I'm good 
with green i don't like anything less than dark   green or you can say I'm willing to dip into some 
yellow because i want to retire sooner and I'm   willing to take chances and especially maybe i can 
make adjustments if things aren't going well so   what about taxes we said we talked more about that 
and taxes are important this is going to reduce   the amount of money you have for spending you need 
to budget if you're going to be taking withdrawals   from pre-tax retirement accounts because some 
of that money needs to go to the IRS the amount   you actually pay is going to depend on a number of 
different things and again if it's all in pre-tax   accounts you're going to have a relatively higher 
tax burden versus if that money is in Roth IRAs   and you satisfy all the requirements to get 
tax-free income so there could even be some   opportunities to do planning before you retire or 
before you start taking social security benefits   and there might be ways to reduce the amount 
you pay in taxes Roth conversions are an obvious   example of that now since we're talking about 
taxes it's time for a friendly reminder that this   is just a short video it's not individualized 
advice it's not enough for you to make some really   big detailed decisions on the rest of your life 
so please check with some experts work with a tax   advisor financial planner and triple check those 
calculations if you're doing all of this yourself   because we don't want you to run out of money 
early now this is just an oversimplified example   of what things might look like to help you 
visualize what the tax impact is so at this   point the person is taking social security 
we've got that single person example again   she gets 24 000 a year in social security so 
that means she only needs to pull out 21 000   from those pre-tax retirement accounts for 
ignoring state income tax and other factors   her tax burden is relatively small however it 
still takes a bite out of things and so if she was   thinking she has 45 000 of income that 
social security plus the withdrawals   what ends up happening is she has slightly less 
so she needs to either make up the difference   or pull out additional funds a lot of people ask 
about living off the interest or just not dipping   into the savings but spending the earnings and 
the dividends that come off of their investments i   get where that comes from perhaps you want to keep 
some money around for a health care event or maybe   you want to give assets to the next generation 
or to your favorite charity certainly makes sense   the reality unfortunately is that for people who 
have about 500 000 saved for retirement is that   those people are typically going to have to spend 
from their assets so what's important is that you   make sure you don't run out of money before you 
run out of life that goes back to some of those   planning questions and looking at a withdrawal 
rate that is going to make it likely at least   that you don't run out of money and remember that 
if you do run out of money you might still have   some social security income and other resources 
available but we really want you to be comfortable   and have assets to draw on for the rest of your 
life a couple of ways you can improve your chances   are you can explore different products i don't 
sell annuities and they can certainly be misused   but an immediate annuity for example can pay you 
income for the rest of your life and it's pretty   simple and inexpensive you certainly don't want 
to put all of your money into something like that   but it could help if you are driven by a need 
for security other techniques like buckets or   time segmentation could also help you improve 
your chances there are a lot of different ways   to go about this it just depends what feels right 
for you and if you're fortunate enough to own a   home and have some equity in it then that may 
be available for you down the road to help cover   some needs if some surprises come up so as 
you're figuring all of this out what can you   do to improve your chances of success there are a 
lot of moving parts but that means there are a lot   of opportunities to make little adjustments that 
can improve your chances remember those retirement   spending strategies so that's the go go slow 
go and no go years where you might reduce your   spending by a certain amount as you go through 
each phase or that retirement spending smile   which goes slightly slower than inflation but you 
might want to have certain categories of spending   that go faster than general inflation like health 
care expenses and in the category of least popular   solutions there is working longer now this could 
be something that helps you continue to save money   and if you're able to maybe spend more on the 
things you love then maybe you can keep working   not a lot of people want to do this but it is 
really powerful that's because it shortens the   number of years that you take withdrawals plus 
it can help your social security or your pension   benefit or both because you've got more years of 
earning possibly higher earnings and you tend to   claim at a later age which typically helps your 
benefit the drawback of that one I don't need to   tell you is that you have to keep working longer 
but even one year or a partial year can make a big   difference and take your time as you evaluate 
social security and other decisions like that   because when you claim can have a big impact 
on what your income looks like and it can also   open up opportunities like leaving some of those 
lower income years to make Roth conversions and   you certainly want to remember inflation and 
health care surprises as you go through all   of this because those can have surprising impact 
on things and health care is something that it's   kind of crazy we go into retirement we don't know 
how long it'll last we don't know what health care   issues will come up so it's really difficult to 
predict but those costs can really add up if you   get into let's say an Alzheimer's and memory care 
type situations so just think about those things   even though it's not fun think about what might 
happen if those situations were to arise.

So I   hope you found this helpful. If you did, please 
leave a quick thumbs up, thank you, and take care.

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Retired at 38: 5 strong reasons to retire as soon as you can (Retirement Planning)

so early retirement has actually improved our 
health so much that I actually think we'll be   avoiding higher health care costs down the line 
that may actually lead into our retirement funds   and then early retirement has also allowed us 
to achieve a state of intuitive living which   has been absolutely awesome financially the 
conventional wisdom is that early retirement   could potentially be disastrous but frankly 
I think so far two years into retirement that   our early retirement has been great for us 
financially these plus two or three more are   just some of the very strong reasons why I would 
Advocate that anyone considering retirement should   do so as early as possible let me explain why 
down below hey I'm Jean and for the past two   years I've been retired in Bali Indonesia 
with my husband today I wanted to discuss   about all these reasons why I think retiring 
as early as you can is a brilliant idea [Music]   so Health basically don't wait till it's too late 
I think that when most people think about health   and retirement planning they just kind of hope 
and assume that they will be in good health when   they enter retirement and then that they pray it 
remains status quo until the end but I guess most   of us pre-retirement might be involved in jobs 
that might be high stress with long hours at   the desk and then naturally Fitness just isn't 
what ideally it should be so all my life I've   been struggling with skin rashes and allergies and 
these issues tend to pop up every time my immunity   gets low because I'm stressed I'm tired I'm taxed 
but truly in the two years since we have been   retired the manifestation of all these problems 
have just gone down so much in retirement mode   I'm happily keeping very fit doing all the things 
that I know of like surfing walking the dog with   the hubby eating better overall probably further 
down the line maybe I might be avoiding higher   healthcare costs having this health is actually 
so much wealth it allows you to live life to the   fullest because frankly all the stuff that you 
want to do in your enjoyment of Life probably   involves a lot of Health you want to travel 
you want to scale that mountain at Sunrise to   see that incredible view you need your help even 
just to enjoy good food if you like us you like   to eat you need your health I mean I know so many 
people who have dietary restrictions because of   high cholesterol or diabetes improving health is 
actually one of the biggest and strongest reasons   why you should retire early so the second big 
reason for wanting to retire ASAP is actually   intuitive living basically intuitive living is 
really connecting with yourself and listening to   your garden stings and your feelings as to stuff 
like eating and rest and meditation relationships   even your spending habits perhaps I don't know 
how it is for you guys but I was generally living   my life governed by a lot of shirts right I 
mean I should be at the office by 9am so that   I won't piss off the bosses I should stay in 
the office stay late and postpone my workout   postpone dinner so I can meet the deadline set by 
my clients I should carry branded Handbags and of   course I should be a corporate lawyer I mean why 
would I want to be anything else right finally   in retirement we are free from the demands of the 
pursuit of money to listen to ourselves to truly   tune in and understand what is the optimum cause 
in life you can chart you really want to wake up   every day without an alarm clock naturally because 
you've had enough sleep you want to eat only   enough and not too much I mean you want to make 
better choices food wise intuitive exercise you   know you're doing what really only appeals to you 
maybe you don't like sweating in the afternoons   so then you know get a gym membership or play 
indoor record Sports whatever works for you I   only wish that more people have the opportunity 
to experience living life this way intuitively   away from the entanglements and distractions 
from regular running the hands the real life   the third reason why you might want to retire 
as soon as possibly is just that the earlier   you retire the more time you gain in life I 
mean if you think about it most of us live   life as though we are invincible as if life 
itself will never run out and therefore we do   things like squander our time or sell it away too 
cheaply in exchange for material things we each   only have so long to live right and the money you 
make in your lifetime you can't bring that with   you when you go home so well might as well you'll 
be the one to spend it when you can right Society   feeds us like so many different narratives 
about success and what it should look like   but actually I think success is really not 
about the achievements per se but it's just   really a Feeling and I like to think that at 
the end of our Lives when we're there in our   last dying moments what we'll be thinking 
about probably wouldn't be like stuff like   oh I closed that three billion dollar deal I 
think it would more be along the lines of like   I had good friends and I loved my family I had 
a good life you know I ate good food I laughed   Lots I took care of my kids and my dog stuff like 
that so don't squander the time that we each have   maybe you have personal goals that you really 
want to achieve stuff like learning Spanish or   scaling the Great Wall of China or just 
watching your kids grow up that's just a   million places that are better to spend your 
time at then at a job which you don't really   particularly care for and which maybe you're just 
doing just cause that's what everyone else is   before we move on a big thank you to 
skillshare for sponsoring this video   so skillshare is an online learning community with 
thousands of classes for anyone who loves learning   if 2023 is the year you promised yourself 
you're gonna finally explore new career or   side hustle options or work on personal growth 
then skillshare is the perfect place to start   for me one of the ways we have fun in our 
retirement is making YouTube videos when we   first started skillshare was instrumental 
in teaching us so many of the basics like   videography storytelling and more till today 
one of the best classes I ever sat through   online anywhere is still the class by Sorel Amore 
YouTube success build an authentic Channel that's   worth the follow so her advice about finding my 
Niche valuing authenticity over Beauty creating   meaningful messages and providing value to the 
audience really changed our perspectives on what   we were creating back then for the better of 
course we've gone from like 40 Subs to the 143   000 Subs of today and from time to time I still 
pull up sorel's worksheet when I'm creating   my videos just to check that I'm on track for 
making something good for our people our audience   it's always super easy to take whatever you learn 
on skillshare and apply it directly to your life   Pursuits whatever those may be I highly recommend 
checking out skillshare and if you want to do that   you can use my link in the description below the 
first 1000 people will get one month of skillshare   absolutely free you can try it out learn something 
new move a step closer to your 2023 goals reason   number four the earlier you start your retirement 
the better you'll get at it with every other   change in life we expect that we all need time to 
learn how to do it well so things like becoming   apparent for the first time even if like us it's 
just a fur kid or transitioning from being a   student to being a working adult and then there's 
the transition from being and actively working   adult to retirement mode it seems ridiculous and 
silly even at first I mean it's like saying who   doesn't know how to spend their free time right 
but if you actually truly observe things around   you retirement Falls really differently for 
different people we all know the people who   have retired and in their retirement seem a 
little lost lonely left behind and uninspired   and then there's the other kind of retired people 
right the ones who go like when we're talking that   I'm gonna grab Life by the balls and Max things 
out a big part of that may actually be the point   in life at which you retire whether at that point 
where you retire you still have your zest your   Zeal your energy your health your Fitness to help 
you max out the happiness potential of that free   time and freedom in retirement and then there's 
the thought that retirement supposed to stretch   out for a few good years at least right if not 
for a few decades and doing that requires skills   you know you need so many different skills to 
have a successful retirement I think that's a   topic for another day but basically you need time 
to learn those skills whether it's Financial money   management or social skills you know building 
relationships and stuff but basically you need   time to get all that down pat in order to have 
a successful retirement so then the earlier you   retire the better usually you will probably 
turn out for you so the last and possibly the   most controversial point I think that early 
retirement could possibly be great for you   financially and this is controversial because it's 
directly opposite to what a lot of the experts say   right you retire too early there's so much risk 
that you miscalculate your finances or that world   events take an unexpected turn and then you know 
things go belly up and then you're destitute in   your last years but I mean underlying all that 
seems to be this assumption that in retirement   we're all just going to be like one dead lazy log 
and I think that these days especially if you're   an early retiree that is just so not true maybe 
like us with YouTube in our retirement in your   own retirement maybe you'll learn new skills pick 
up new side hustles and stay busy doing something   that you're doing for the love of it for the fun 
not for the money but having the money come in as   a result of your side hustle is a nice bonus and 
you know what it becomes an additional buffer for   your later years so retiring early also allows you 
to take advantage of things like dual Arbitrage   Right Moving overseas to improve your financial 
situation and yeah so like us I'm from Singapore   but I'm now retired here in Bali Indonesia we're 
not just here because life is more affordable but   the fact is that our retirement sums in fact our 
whole entire retirement is only possible because   living here is so much more affordable as compared 
to back home you know this wouldn't be possible at   all if we retiredly and ended up having health 
concerns right mobility issues for example   retiring early and then using the time to keep up 
with current affairs learning hedging strategies   to minimize risk learning how to diversify our 
Investment Portfolio I feel that the time in our   retirement has been well spent to actually make 
us more resilient and the fact that we retired so   early also means that if anything goes badly up 
time and youth are on our side if our financial   planning for retirement had just sucked or you 
know things unexpectedly go failure so prepare you   know if we have to U-turn and go back to work or 
maybe start another business it's not a big deal   and then we'll go off Marshall the resources 
that we lack and then we'll come back again   and second time around third time around will 
definitely be better each time at doing this   so in terms of confidence and the feeling of 
resilience that we will be able to make this   last all the way I think that starting 
early doing it early diving into it and   understanding the parameters the potential 
the boundaries of what we face in retirement   actually really really helps well guys so 
these are the few takeaways from our last   two years living in retirement here in Bali and 
I mean if you have any thoughts or objections or   contributions to the points that I've made in 
this video I'll love to hear them let's start   a little discussion in the comments below you 
guys have a good week ahead wherever you are   and let's chat again next Saturday thank you 
for watching and bye-bye have a good weekend

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Should I Convert My 401k To Gold IRA?

should i convert my 401k to gold ira if you're looking for a new destination for the funds in your 401k and you want something that doesn't closely follow the stock market or the economy then a 401k to gold ira rollover could be a good option that said it's always important to diversify your investments can i roll my 401k into gold and silver ira 401k accounts from past employers can be rolled over into self-directed gold or silver ira accounts a new 401k plan with a current employer or may be cashed out can i convert my 401k to physical gold by investing in medals you're taking action to protect your retirement savings with an investment that is backed with the tangible asset of physical gold and not the dollar the good news is you can easily roll over your 401k into a gold ira to do so is a non-taxable event and there are no penalties how does a gold ira rollover work once the gold ira is open you can start the rollover you have two rollover options indirect or direct through an indirect rollover you take the money out of your retirement account and put it into a gold ira with a direct rollover the funds are transferred automatically from the retirement account to the ira can i move my 401k into silver ira a 401k only gives you investment options that your employer or plan chooses once the funds from your 401k have been deposited in an ira they can be used to buy gold or silver rc bullion makes rolling over an old retirement savings plan from a former employer easy for you how do i roll over my 401k to gold without penalty how do i transfer my 401k to silver without penalty how to move 401k to silver or gold without penalty one choose a gold ira company two open an account three initiate a distribution or rollover from your existing retirement account for fund the gold ira account five select the precious metals to hold in the gold ira to learn more about how to roll over your 401k to a gold ira visit https colon slash slash www dot cold era 401 convesting dot com slash gold ira rollover slash click link in the description below

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Silver and other precious metals IRA

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Single Retirement (7 Tips to Ward off Loneliness)

there's 10 000 people turn in 65 every day and one half of this population is reaching this age on their own so you're not alone in this phase you need to know that you aren't alone but retiring solo does increase your risk of actually being lonely which can have detrimental impact on your health today we're going to talk about retiring alone or the new buzzword of solo retirement so if you're watching this and you say well that doesn't apply to me and you're a woman stay tuned the reason i say that is unfortunately seven out of ten or seventy percent of baby boomer aged women actually outlive their husbands what are you gonna do with that why are you laughing what are you gonna do without me i don't know what i'll do with that party anyway there's 10 000 people turning 65 every day and one half of this population is reaching this age on their own so you're not alone in this phase you need to know that you aren't alone but retiring solo does increase your risk of actually being lonely which can have detrimental impact on your health so this idea of emotional loneliness you know that people over 65 who suffer from that they have an 18 increase in their mortality rates which is scary so today we'll give you seven strategies to help ward off loneliness and overcome isolation to live a more fulfilling life as a solo retiree so here's the first strategy and this is really important overcoming your financial insecurities now if you are a single woman now or a single person and you're retiring and you don't really have a handle on your finances that's a problem and you're going to be stuck and stifled and not be able to move forward so you need to hire a financial planner and understand your finances and frankly if you're a couple watching this and one of the two of you really gets finances well and the other one doesn't that's not a good place to be no if you're listening to this both of you should pay attention and share the financial information as well as the financial burdens now because ultimately if you listen to that first statistic if you're a woman 70 of us will end up as a solo retiree outliving our partner that's just the medical history that's just the facts you know there are friends down the street who purchased the house from this elderly couple and unfortunately her husband passed away and she decided she wanted to downsize she went to sell the house they got all the way down the road to the closing right and realized he had never changed the title of the house so it took another three months to close and it's just because she had no idea they weren't really sharing the information so it is really important yep so get your finances in order we're not financial planners but definitely find one that was strategy number one strategy number two create a small support group of peers like mark said you're not alone there are many other people in the same place and you want to be able to share your struggles and successes with them yeah because it's it's tough to be alone and it's tough to really be alone but if you can be alone with another person who's alone then you're not alone anymore right that makes sense right kind of yeah good theory i mean you could do weekly coffee you know pick up a class or do some exercise or even just take a long walk it's important to make sure that you connect and have a group of peers yeah relationships are key and having a support group really helps so strategy three is along the lines of that but we're really suggesting that every day you talk to someone on the phone and person whatever it might be make sure you have a conversation with another human being every single day and it might make sense to make a list of people that you can call absolutely makes sense you know friends and family and neighbors you know and never feel like you're imposing and like mark said don't let a day go by that you're not involved in a conversation now it's always better in person because it feels better but if you can't be in person bad weather you know covet kept us all locked up a little bit at least call but be there and frankly what's helpful is not only for you to reach out to get some communication help but be the one supporting other people that's a great way to start having some conversations in a peer group that you're leading it so connect with someone every day strategy number four have a daily plan and a schedule something that adds structure to your life so that you're not always wondering what am i going to do today what's the morning going to be like how am i going to make it through the afternoon really set the tone from the day in the morning now good habits and routines are important and i know a lot of people that like to get up they've worked their whole life and they're retired now and they want to get up and just have a cup of coffee and watch tv watch a little more tv have some more coffee but before you know it it's 11 o'clock and you haven't talked to anybody and you really haven't done much so setting some schedule and some time some self-care time with friends and frankly limit tv i mean i you know watching tv every morning from 7 a.m till noon it's not healthy no but you could even schedule some time to learn to pick up a class to go to the library to read to children to find things in your community that you could do to be helpful and that makes you not alone and isolated so here's the fifth strategy and you've heard this from us so many times and it just makes so much sense this one does come up in a lot of our videos because it helps in so many areas of your life the fifth strategy is exercise every single day move your body move it get up and move it do you know that if you walk 20 minutes a day every day for 20 minutes you can add five years to your life so what about walking with a friend and 20 minutes that's easy walk for 30 minutes with someone and have a chat and catch up so you're now you're exercising and you're communicating with someone you know as we all age movement does become harder but you need to be as active as you can and just know that you can do 20 minutes a day so we hope you do that take it seriously so now let's talk about strategy number six volunteering you know there's so many benefits with volunteering and it's become such a huge part of our retirement transformation program and you know we do bring it up a lot volunteering sharing your wisdom creating your community you know providing yourself with fulfillment sharing and searching your passions we bring that up a lot but it does help with this loneliness and the potential for isolation you know you instantly can find a community of people when you start to volunteer and it could be as basic as working at the local food bank or the library or something but you're going to find dozens of other people in the same position you are in looking for communities so it's really important to give this a shot absolutely strategy number seven would be to try new things learn technology mark and i did a talk one day and there was a bunch of people in the room and one lady raised her hand talking because we were bringing up this strategy about learning technology her name was ava she raised her hand and she talked about the world that technology opened to her allowing her to connect with her family over in italy and how they structured it how she learned face time how she learned zoom how she learned to be able to work all of the technology in her house to really ward off that loneliness and you know how she did it remember her story she got one of her grandchildren to sit with her and work on the iphone with her to learn how to do face time she couldn't believe in her mind that it could happen and then in the end how easy it was for her right so but it really made her feel connected and less lonely and i think utilizing technology in that way is really smart and learn from a younger person it's nice in a community to have people your own age and people younger so and while you're learning technology look for online courses that are out there look for some online learning that can engage you i did that when i went to the university of pennsylvania and i took an entire online online course and i got to zoom in with other kids college kids college kids and i was the old lady but that was great and i made a lot of great contacts doing that no a big thing to remember is you're not alone you can ward off this loneliness but you need to be proactive work on the seven strategies we just mentioned above and listen if you enjoy this please share with your friends and also please subscribe by clicking the subscribe button below don't forget to join our free facebook community the link is down below and it's very interactive where jody and i go live each week you get to ask questions and we can communicate with each other and thanks for listening and we look forward to seeing you again

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