Fear Of Retirement / What They Don’t Tell You

looking adorable in the coral outfit, thanks norma, it's susie, it goes with the water cup, oh yeah, and I have my necklace on it, oh yeah, if you remember we got this in Eden when we were on our New Zealand cruise , right, that Eden is in Australia, oh, okay, well. It was during our trip, yes, and it looks beautiful and it's sea glass that a local artist collects and makes into necklaces. It looks wonderful. Thank you, if you are new to the channel, we are tina norm and we talk about everything related to

retirement

and traveling and today we have a very interesting topic how are we saying we are going to be talking about the

fear

of

retirement

what

they

don't

tell

you well, They didn't

tell

us anyway so we're going to tell you we had to do it.

We learn the hard way, right? Anyway, teenager, one of the things people don't realize is that

they

are under stress at work, but everyone has lived with stress for so long that you don't know you have it anymore, that's very true, isn't it? I would say that was exactly one of the things I had, right? I guess I didn't know why I had stress at work either and the things that cause stress are things that you take for granted, like quotas, a boss you don't get along with, oh yeah, and even with them, say manual labor. also that eventually your body won't be able to do certain things, won't it be more difficult to do physical work?

That's very true, no doubt, so how did you realize that you had been stressed on the work team because you denied it for a long time? Well, I think it was really the norm, probably about a year after we retired, I realized that. I no longer took Advil for headaches and I used to go to massages every three weeks and I thought that was normal at the time I was working, but then I realized after being retired for a year that it was very different. the stress was just gone, it was just gone, so that brings up a bit of a funny story, why was that restaurant chain called thank god it's friday or tgif?

Well, I think it's the norm because it's so real how people feel they love weekends. I don't have to go to work and uh and and it's not just some kind of subliminal message that everyone realizes thank God it's the weekend thank God it's Friday and yeah, it's probably because everyone's stressed at work and They probably don't know. That's more of a hidden thing, isn't it? So yeah,

what

were you afraid of retiring as a teenager? I think a couple of the biggest things were, um, I knew the work was going to stop and the money was going to stop, so that's how did we manage?

We didn't have private pensions, so when the paycheck stopped, where did the money come from? Because we were not of retirement age. No, it was a bit of a scary feeling. Yes, it was one of the things that I think we have. We have always been good at teamwork in our life is the ability to change by trying new things. Yes, we are not afraid to do that, but many people are afraid of change to counteract that

fear

. The biggest one is uh am. I'll be able to survive with the money. Will the money run out before my retirement ends?

So we had a wonderful comment on one of our previous videos, didn't we? Yeah, it was actually on the net worth, um, video, um. it was a holly mcdonald comment and it actually had 142 thumbs up and 25 people responded so we knew this was something really interesting, it was an absolutely fantastic comment so what did holly have to say basically? He said: why don't you try to live off what you know will be your pension? Well, I think he did it for a year, but we say maybe you could do it for six months if a year is too long and we thought, what a great idea, brilliant idea, we didn't even think about that and why haven't we done it before? to retire.

Nobody had suggested it to us. I think so, if you are approaching retirement and have a few years left. It's a great exercise. We've discovered that we have a lot of viewers from the United States, Canada, England, the United Kingdom and Australia, so we did a little homework and found that the general rule is the most important. of these countries pay for an old-age pension or social security around 2000 of the local currency. Yes, that's right, why not try to live on 2,000 a month or 2,300, whatever your pension is? Yes, and see if you can live with it. and if you can't, at least you know before you retire, so once you have, that will lead you to different options as the rule says, if you discover that you can't live with both or not with just over two thousand , then do it. changes, um, if you have to cut costs like cable or internet or even possibly go down from two cars to one, it's good, yeah, if you're cutting back on your cell phone plan, at least it's giving you a roadmap of how it's going your financial retirement. be and if you can't survive on two thousand two thousand five hundred a month then you know before you retire that you have to reduce costs or increase the return on your investment, the financial service in the industry has really not done us all any favors because Almost us They have been conditioned to accept that we need a million dollars for a happy retirement.

It's absolute nonsense, yes, it's such a myth, isn't it, but you might need another thousand a month to live, you might need another 2,000 depending on your situation. We live off our Canadian pensions day to day, don't we? Yeah, and I think the other thing is also normal when you said yes, you can find ways to add additional income if you want or the other thing you can possibly consider is maybe moving. to a different place, move to a cheaper place, whether it's a house or an apartment, you can move from one area to another and we were surprised by how much it says that the apartment we are in is much cheaper than it would have been been.

If we had stayed where we lived before we retired, we're talking about eight to nine hundred dollars and the other thing that Holly pointed out is that if you're successful in being able to live in what your future pension status would be, then you have all of those additional savings from your salary, yeah, you could start increasing your investment savings and the other thing he also mentioned was that in addition to increasing, paying off any debt that you have if you have car loans or credit card, get rid of that too because it's a big rope around your neck when you retire so doing that exercise will still be stupid or it will eliminate the fear completely, at least you will know what the likely situation is and it is a great exercise that I wish we had known because it is such a brilliant idea because that fear is Very real, isn't it?

Everyone has it. That's the question and it's very real before you retire and then probably the first year or two of retirement you still have that problem do I have enough money will it last but as time goes on and we're now seven years in yeah no fear now it's like oh what the hell right, but it takes a while so we did it? I don't know, so we're sharing things that we've learned so that, hopefully, it can eliminate that fear that's real for you and you don't have it. You don't have to be afraid of retirement and keep putting it off.

Um, it's wonderful, isn't it? It really is the best job ever yeah so we hope you enjoyed our little scary story and we hope everyone is safe and well until next time bye bye.