Afraid to retire? Is it a thing? Don't let it be!

Published 2024-08-04
From a comment I received the other day. "I have the money, I'm ready physically and mentally to retire, but I keep running the numbers. Paralysis by analysis"

Is this you? Afraid to take the plunge? Go for it!

#buzzretirementgarage #earlyretirement #retirement

All Comments (21)
  • People don't like changes. I get it. At 65 I retired, sold the big house,downsized. Then my wife dies. I'm alone for the first-time in my life. Had to learn a lot of life skills. I've come to embrace this chapter. The chapter of me,for me. Thanks Buzz I enjoy your videos. B
  • When I realized 2 social securities and my pension was more than my current salary (husband already “forced retired” to take care of his mother) I retired. No over-thinking here, just relief!
  • "Go for it... what is the worst that can happen?".... very wise words indeed!
  • “Ready” can mean different things. I was ready financially at age 57. But letting my career go was very difficult. I was the first kid in my family to graduate from college. I got the engineering degree that I always wanted and worked so hard to get. That graduation was one of the proudest days of my life. Then I worked as an engineer for four decades. It was my dream job and I really enjoy working with other engineers. But as I neared age 65, the engineers had mostly retired, my organization had stopped doing any real engineering. I looked for pockets of interest. Took an overseas assignment to be close to the engineering action. When I got back, the job had become mostly administrative. I got bored and retired. If I could keep engineering and problem solving, I’d continue to work, no matter the pay, because I love doing that!
  • I retired at age 55 I had worked in the trucking industry for 33 years, had enough of that! So yes, if you want to retire do it Time waits for no one!
  • It's way past my bedtime but couldn't resist this. There's a financial planner on YT who says the three most dangerous words in retirement planning are, "One more year." He's also shown a University study that demonstrates no matter who we are and how much we have, we need more. Those with 500k think they need a million, those with $1 million think they need $2 million and so on. Maybe I'm just as guilty, but I'm 59 and my target is next spring. Nine and a half months, but who's counting?
  • @glfarwell
    I loved my job and most of the people I worked with. The one issue that made me evaluate "IF" I could afford to retire was my physical ability to perform this job I loved. After my calculations, the money was right and I had just hurdled the "lifetime medical perk". I knew my body was not going to get better, so I decided I would enjoy what my body would allow for as long as the as the ride lasted. I miss the work, but I knew I made the right choice. Great of you spreading the thoughts to others!
  • You are an excellent resource for folks contemplating retirement. Keep up the great work!
  • @nancywebb1845
    Our whole office was laid off. I was 67, making ok money with a mortgage and living in a area that of the country that was getting pricey. Plus it was 2020 so Covid was around. I decided it was going to be a challenge to find a decent paying job in the middle of Covid at my age so went ahead and retired. Could have used more money in the acct but it's worked out. Retirement is the best job I've ever had. Nervous absolutely but glad I did.
  • @bobdrago6965
    Absolutely true. I kept on saying “next year “. Along came COVID and my wife and I had our minds made up for us. Best decision ever. Buzz: The Retirement Whisperer!
  • It’s just scary! It’s a phase of life we have never experienced so it brings fear. You have to feel the fear & do it anyway
  • I had a fear of retiring. My husband passed away when I was 51 and we had less than 5k in the 401k. I had no kids and only mother-in-law left of the parents. I buckled down scrimped, paid off debt, refinanced the house. My goal was to retire 2 years after full retirement. When I realized that I would be only $500 short each month for living on Social Security, I retired. I don’t miss that stressful job. I have now paid off my car and mortgage. The extra money is a higher raise than I ever received in my lifetime of work.
  • Thanks Buzz. Just what I needed to hear. I’m almost 60 and desperately want to retire. My job pays well but I am burned out. I will receive a small pension at 62, roughly $24K per year. The house my wife and I live in will be paid off in a year, we have no other debt, and have saved $1.4M. I don’t say this to brag because people have far less yet retire comfortably and my situation isn’t that special. I include this information because I just can’t pull the trigger even though we should be fine. I’m just over analyzing everything. It’s time to make the transition. Thanks again.
  • Challenge your mind as much as you can…. My dad told me that and I never forgot it. Everyone is up for a challenge. Great video.
  • You are a great story teller! I like the message in those 2 stories.
  • 🎉🎉🎉 Short but sweet. Thank you Buzz. Blessings,Carlos ✝️🙏❤️😊🇺🇸
  • @dantwomey
    This probably applies to apply to alot of people no matter what you do for a living. By the time I worked for 35 years I had gained the the most experience and knowledge in my field for the company I worked for. I had also worked myself to the top of the salary scale. So now that I was at my peak salary, skill, and experience it was time to leave. That really felt strange and very counterintuitive.
  • Entering into retirement is much nicer on your own terms, rather than being an unplanned change in employment. Knowing the exact date that I would retire, allowed me to start on the emotional journey this first year is. Like Buzz, first summer off in over 40 years, is such a treat!!
  • @jamesp.7496
    It’s scary for some people…..I get it. Not me but I can see why people are intimidated by it. Death, running out of money, boredom, it’s a personal decision , let them decide on their own timeline, there were times when I knew people at work that could of been retired already and they haven’t and I didn’t get it. But I do now . There’s a lot that goes into that decision. ❤️🌵