If Any Of These 10 Scenarios Describe You...DON'T RETIRE

Added: 2026-05-30

[00:00:00]10 reasons to not retire. Yeah, I know this is an early retirement or just retirement in general channel, but guys, sometimes there are reasons not to retire. Yeah, leave me comments. Have any of you retired and then regretted your timing on your retirement? I bet you there's a lot of you out there that have. Let us know. Let us know the reasons why. So, 10 reasons not to retire. And these are in no particular order. Number one, if you aren't 90 to 95% sure that your money will last you the 30 years that they recommend your money will last you. Don't retire. How do you get that? How do you get that percentage? You can go to online calculator like I calc. You don't have to spend a lot of money on a financial advisor. You can if you want. If you want to be 100% sure and you're willing to fork out the money. Um, but if not, go to one of those online calculators like I Calc, plug in all your information. If you come back with a 90% confidence level that you'll be good by the amount you have, the age you have, the amount, the amount of years you think you retire, good 90 95 is good. I think I was a little over 90, 92% when I retired. Number two, and again, these aren't in no particular order, but if they were, this might be number one. If you love your job, don't retire. I'm not talking about like your job. A lot of people that just like their job. They're like, "Yeah, you know, Monday through Wednesday suck.

[00:01:43]Thursday is pretty good. Friday's great because the next day is the weekend."

[00:01:47]But that's not enough in my opinion to to for a reason not to retire. If you love your job like I did in my music industry position, man, I'm telling you, as I've said on this channel many times, if not I had not been laid off from my 20 year music career, I would still be working happily. I absolutely loved that job. Guys, if you're in the same position in your job, don't retire.

[00:02:13]Don't try and make happy happier than happy can be. Number three, if you are in a significant down market, and this goes without saying, right? Probably didn't even have to mention this, but it's a point. It's a point you should not retire. If you are in a significant down market, I'm not talking like, oh, six weeks the market's been down. No, I'm talking six months or longer. Don't retire yet. Wait it out. I'm sure you can wait another six months. You've waited what 40 years so far. I'm sure you can wait another 6 months. It's the last thing you want to do. Sequence of returns risk. Last thing you want to do is retire into a down market. Now, if you've retired like I did and three months later, the market tanks after being in a good market when you retired, that's different. You have no control over that. Hey, for those you see me for the first time, my name is Dwayane and this is a retirement channel for people on moderate income. If that's something you think you might like, think about subscribing and like the video as well.

[00:03:15]Number four, if you are one year, only one year away from getting Medicare, don't retire, guys. I mean, ACA uh the Affordable Care Act has worked very well for me as far as medical insurance, okay? But there are some hoops that you have to jump through in order to get it in order to uh tweak all the variables in the proper way to keep your charges low. It's kind of a pain in the butt. If you're only a year away from getting Medicare, you're 64.

[00:03:50]Don't retire. Don't retire yet. Wait until you're 65. Okay? Believe me, it's a pain in the butt getting affordable health care if you haven't reached Medicare age yet. Some it might work out for, some it might not. If you have a higher income, it might not. If you have a low income, okay, you might be able to do it pretty well. But if you're a year away, just wait. Number five, do not retire if you want to boost your social security income for your spouse when you're passed on. As most of you know, women tend to live longer than men do.

[00:04:27]Okay? If one of the things at the forefront of your mind is leaving your wife well off or as well off as she can be once you're past as far as taking your social security, don't retire yet. Wait until you feel comfortable with the amount that you she will get when you're gone. Okay? I mean, if you're single, totally different. But now on all of these points, I am not saying don't ever retire. I'm just saying if any of these apply to you, now is not the time to retire. Okay? Outside of like loving your job, like my dad worked till his early 70s because he loved his job. This is not don't ever retire. Number six, if you have no idea what you're going to do in retirement, how you're going to fill up your day, don't retire yet. Guys, that takes a lot of preparation. That could take years of hit and miss on hobbies, on uh things. You know, you may want to work part-time in retirement, and there's nothing wrong with that, especially for those of us on moderate income. It may take you a little while to find something, right? So, if you have no idea how you are going to fill up your days in retirement, unless you retire at 76 and you've been working hard your whole life, yeah, you might not want to do anything. Outside of that, you better know what you're going to do in retirement or you can that can lead to depression after a while.

[00:05:56]Number seven, this kind of goes along with number six. If you are a typea personality like my good buddy Joe is, make sure you have your days scheduled in retirement. That guy, man, he's impressive. He's got so many things that he does in retirement on a daily basis.

[00:06:17]It's a huge variety of things he does.

[00:06:19]Okay, he's a type A personality. I am a type Z. Z is in zero. I don't need much to keep me occupied. Read. I could read for three, four hours straight. You know, I I don't need to do much. I do need to accomplish a little bit, but I'm not a type A personality. I don't need to have fulfillment. Um I don't need to have every single hour crammed full of stuff to do. If that's you and you don't have your retirement days scheduled, don't retire.

[00:06:48]Number eight, if you only have a 30-year retirement plan and you are planning on retiring at 50, 52, don't retire. You are not properly set up. If you're retiring at 48, you need a 40-year plus retirement plan.

[00:07:08]You can't just go by the the normal stuff, you know, on the internet, financial advisors, you need a 30-year retirement plan. No. If you are retiring significantly early, you need a lot more than 30-year retirement plan. If you don't have that and you plan on retiring at 49, don't retire yet.

[00:07:27]Number nine, if you have significant health issues that could be pretty expensive if you are not on your employer health plan. I mean, most of the time your employer health plan beats private insurance, right?

[00:07:44]most of the time, unless you can really afford really good insurance on your own.

[00:07:49]If that's you, if you have significant health issues and you're still in your employer plan, don't retire. Wait until you get those cleared up, okay? Make sure they are cleared up because your employer healthcare is probably going to be much better than you can get on your own. Even if you're coming up on Medicare, I don't think I would retire yet. I would hold off until your issue is fixed. Now, if it's a chronic thing, what can you do about that? Okay. If it's going to be a lifelong issue, that's different. But if it's something that you've been struggling with with say 6 months, the doctor says, you know, you need about 6 months or another year of this blah blah blah blah, and then you should start feeling better. If that's you, stay on your employer health plan. Do not retire. And number 10, if you feel like you are pressured into retiring, this could be by anyone.

[00:08:50]Your spouse, let's say, you know, let's say you're you're a woman who is 62 and your spouse is retired at 58.

[00:09:01]You may not feel you're properly set up yet financially. or you may be set up financially, but you don't know if you're ready emotionally, even spiritually to retire yet. And they are pressuring you to retire. Guys, don't let anyone anyone pressure you into retiring at a different time than you want to. Okay? It this is a this is a huge decision. One of the biggest you'll make all your life. When do I retire? If you don't feel properly set financially, emotionally, spiritually, whatever it is, do not retire yet. This is an individual situation. No one should ever try and pressure you into retiring. Now, okay, but if you if your spouse is very sick, if they have, I don't know, you could even say a terminal illness, okay, that's different, right? But outside of that, guys, it's like there are so many people that I mean, look at the people that get when they get laid off, unexpected retirement. They could be 61 and they're not quite ready financially, but they get laid off. That usually doesn't turn out too well, especially early in their retirement. There are a lot of people that unexpectedly retire when they're not ready. It could be a health issue. It could be they got laid off. It could be that they just can't get get a job because of agism.

[00:10:26]Unless you feel properly ready to retire or any of these points, 10 points apply to you guys, do not retire.

[00:10:37]It'll happen eventually. You're just not ready yet. And as always, from the lovely high desert, we got this.