Did somebody say the value of your IRA tanked in the past few months and it’s gonna be awhile before that value returns? Think echoes of the Great Recession if anybody remembers.

Poor returns on investments will delay my retirement.

Thanks 7 or 10 years out from retirement. What would you with 401k target date 2030 ? Keep or change it now?

I was going to retire early at 55 July 1 but decided to delay. I didn’t feel I had enough cash to get through this cycle and my costs are going up let and right. They did agree to let me go to 4 days. Keep all my benefits and generous vacation (28 days plus federal holidays) and have a 3 day weekend every week. Sick time is on top of that if needed.

I've watched a lot of FIRE videos and have decided that it's very risky. I am eligible to retire from active duty military next year, and had to decide if I should go ahead and retire, or keep working for a few more years. I'm 55, and will be 57 when that day comes. It was a hard decision, but for my situation, I think working for 2-4 years full time is going to lead to a brighter future than retiring AD and working part-time or full time out in the civilian sector.

I just retired (in my 50’s); have no debt and my pension is enough for basic living expenses. Any home and car improvement or traveling I need to cut non basic spending. I do have retirement savings but need to wait for value to bounce back.

I'm struggling with my goal of retiring at 57. Working the spreadsheets to plot out the future, I don't have quite as much income as I would like to have in retirement. So contemplating working an extra year to help alleviate that anxiety. Of course, in 5 years, things should be much better (hopefully!) so perhaps the stock market won't make me so anxious.

When I graduated college 42 years ago and started working, the full retirement age for social security was 65. In 1983 it was changed to 67. I'm not working longer because a politician wants me to.

People who are unhappy with their working lives are generally pretty unhappy in retirement too. Just saying.

Thank you, taxpayers. This is where government employees are laughing all the way into retirement. Guaranteed check plus COLA every year. The work-place monotony and drudgery are now paying off.

First, of all, I was in the group of renters that had to move due to higher rent, my gas for my car isn't bad because I do work close to home with an economy car. I plan on keep working as long as a can, already at my FRA, with no major health issues. Thank goodness!

Interesting responses. Quite different comparing our presenter’s position! That is not to say his wrong but the responders do not agree w/ “our CPA !”

60 and 61 respectively. 39 years for me and 42 years for my husband in the medical field. This year we became just Mamaw and Pap to our sweet grandson. Do not miss the scrubs, staffing issues or Covid but do miss our sweet patients. Still very thrilled to have our time as our own.

Not delaying, retiring later this year. Have worked hard for 33 years, living a sensible lifestyle well below my means. Time to reap the benefits while still young and in good health. Not debt-free due to life’s surprises but living expenses will still be under 30% of net income while in retirement.

I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to FIRE movement.

Retiring in 12 weeks. No way I will delay it. May hold off on some major purchases but that is ok. Hoping prices of cars and RVs drop.

I guarantee u that these 25% are in debt! Don't be a slave to others get out IF u can.

Retired last year at 59. Veteran with medical and nice benefit pkg. Smartest move was to stay single after my divorce 15 years ago! Living frugally in AZ with NO DEBT! I had a plan 5 years out from retirement and stuck to it!

Work till u die….smart move! Lol

WAY TO GO SNIFFY JOE BIDEN……

I retired early over 5 years ago. I drive a hybrid. I drive once a week. I have supplies of basic food stocks to last me a year or more. I live in Europe. My pension comes the US. My daily expenses are minimal. Everyone should live below their ability, for as long as they can…..

I am doing a hybrid semi-retirement. After the last 2 years of holding the business together during 2020 and making a strong come back in 2021, I gave my director a "heads up" that I will be exiting management in January 2023. I get the comments regarding both working from home and making the most of time left in our lives. Fortunately, I can remain active, as a financial advisor, work from home and dial it back a bit. For me, this is best solution in the current environment and I still feel too you at 63. Luv your channel and good for you being on LBI!

I'm originally from NJ. Left there 15+ years ago and one major reason I was able to retire early at 52. Way too expensive to live there. But the reason for me bringing this up is that all my friends (in the Belmar/Manasquan area) say it is super busy and crowded. I wonder why LBI is not as crowded and further north is. I'll be visiting there in the month of Sept to see for myself (Sept is the best month at the Jersey shore IMO).

I've been planning on retiring in the spring of 2025 at 60.5 years old for about 3 years now. The world is going to have to go into a lot bigger tail spin than it already has to make me extend that date. Inflation is another reason to fix your housing costs for retirement. I paid mine off 3 years ago so it's fixed at $0. I feel bad for the people that think they are going to rent in retirement because there is no way to know how big that rent number will be in the future.

Liberal democrats… And all the uncertainty THEY create! Vote them out!!!!!!

I turn 68 on 12-07-22 if I start social security will I receive the COLA for 2023?

Thank you, my going at 62

Here's why? Seriously? Most people are BROKE. Not exactly rocket science.

love love the background and the golf shirt looks great on you! a nice change.

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My employer The State of Massachusetts forced me into retirement in 2016 when they found out I am a Trump supporter. No big deal I just put in for my pension & get 80% of what I was making forever. When you subtract all the cost of getting to & from work, the time, the clothes, etc.. you can live far less expensively. Example: My car sits in a heated garage & never sees rain or snow & will last many years