Trip Bacon — The secret ingredient to the perfect getaway logo
Trip Bacon

Retire Early: How We Did It & What to Know about Early Retirement

Retirement Travelers
Retirement Travelers
🥈Expert
👁️ 74K views📅 1 years ago⏱️ 13:51
What This Creator Said
Creator RecommendsTips & Advice🥈Expert Creator
❤️ Best for CoupleVeteran Cruiser

Source: Our analysis of the creator's lived experience, based on what they said in this video.

Creator's Key Takeaways

I retired when I was 55 and I just had my 60th birthday so I've been at this almost 5 years

our best decisions were to have a savings first mentality and we always funded our 401K

having no stuff is life altering and it only made our lives richer

we are living such a big life and while there are times when we wish the pillow was a little softer or our flight wasn't delayed overall we are seeing the grandest things in the world

Creator's Tips & Advice

Fund your 401K to get the company match
Pay off your mortgage early and live with no debt
Downsize your possessions to reduce expenses and increase freedom
Consider slow travel or living in low-cost countries during retirement gap years

🆕New to Cruising? This Creator Addresses:

Uncertainty about retirement readinessWork with a financial advisor to optimize taxes, Social Security, and estate planning
Funding health insurance before Medicare eligibilityResearch options and consider company retirement health plans, even if pricey

Questions This Creator Answers

QAm I ready to quit work?
QWhat do you do for health insurance in early retirement?
QHow can I prepare financially for early retirement?
YouTube Video Description

In today’s video, I’m going to discuss early retirement and the question many of you are asking: “Am I ready to quit work?” I was able to retire at 55, and I just celebrated my 60th birthday, so I’ve been at this retirement living for almost five years now. Over that time, I’ve reflected on my early retirement, learned a few lessons, made massive life changes, and watched many of my friends undergo the same process. So today, I want to share my insights and experiences as they relate to the most significant decision of my retirement life: simply retiring. I will also discuss things like savings-first mentality, downsizing our retirement, living debt-free, and choosing a financial planner to help you with the big retirement decisions and planning. I've put the link below for the financial advisors we use. They have helped us so much with everything from managing our retirement investments to tax strategies and much more. ⬇️ Our Financial Advisors ⬇️ URS Financial Advisory Link: https://www.ursadvisory.com/ Retire with Julia Youtube: https://www.youtube.com/@RetirewithJulia ➡️➡️ Sign up for our NEWSLETTER! http://eepurl.com/h_P0RD ⬅️⬅️ Retirement Travelers Website: https://retirementtravelers.com/ RVMail Service: https://gomyrv.com/RetirementTravelers My Day Trip: https://mydaytrip.com/?linkId=lp_859348&sourceId=retirement-travelers&tenantId=daytrip Chase Sapphire Credit Card link: https://www.referyourchasecard.com/19l/TU3SAODCFT Express VPN Link: https://www.expressvpn.com/refer-a-friend/30-days-free?referrer_id=67246982&utm_campaign=referrals&utm_medium=copy_link&utm_source=referral_dashboard Click this link to check out AIRALO: https://airalo.pxf.io/rQnbrB Fare Drop cheap flights: https://faredrop.com/?fpr=john13 Video Number 173 #retirement #retirementgoals #worldtraveler #retirementtravelers #retire #retirementplanning #retiredlife #retirementplanningtips #travelabroad #travel #retirementadvice #retirementtravel #retirementstrategy #debtfree Get Social with Us!!! Subscribe on YouTube at https:/www.YouTube.com/RetirementTravelers Follow us on Instagram at https://www.Instagram.com/RetirementTravelers Like us on Facebook at https://www.Facebook.com/RetirementTravelers Connect with us on LinkedIn at https://www.LinkedIn.com/company/retirement-travelers Connect with us on Pinterest at https://www.Pinterest.com/retirementtravelers