The 4 Phases of Retirement: Advice All Retirees Need To Hear (With Dr. Riley Moynes)

34,309
0
Published 2024-06-21
➡️The four phases website: thefourphases.com/
➡️Dr. Riley Moynes Ted Talk:    • The 4 phases of retirement | Dr. Rile...  
➡️Our financial planning services: www.parallelwealth.com/planning

In this video we welcome Dr. Riley Moynes to the channel, the author of "The Four Phases of Retirement: What to Expect When You're Retiring." We discuss the psychological challenges many retirees face, and how you can overcome these challenges to live a fulfilling retirement.

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your retirement plan on track.  You can learn more about our services at www.parallelwealth.com/planning

Financial Resources I personally recommend:
➡️Retirement Income for Life: Getting More without Saving More (Second Edition): amzn.to/3tvIdVN
➡️Parallel Wealth Masterclass: www.parallelwealth.com/education
➡️Future Value Calculator: amzn.to/3EA6Qqv
➡️Neo Mastercard – no annual fee and average 5% back! - join.neo.cc/parallelwealth
➡️Free Credit Report with Borrowell: bit.ly/borrowellPWFG
➡️Maximize your Savings with EQ Bank - bit.ly/EQBankPWFG

The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personal vetted each product and service we provide links to.

OUTLINE
0:00 - About Dr. Riley Moynes
3:54 - Phase One
5:14 - Phase Two
7:45 - Phase Three
8:56 - Phase Four
9:37 - Misconceptions About Retirement
11:30 - The Importance of Community
13:00 - Practical Steps To Living A Fulfilling Retirement
15:39 - Balancing Relaxing With New Passions
18:32 - Personal Stories

This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
-----------------------------------------
DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

All Comments (21)
  • @Larry_Kabberga
    Fishing, playing chess at the local club, golfing, taking care of grandkids, looking after my 4 dogs, walks with my wife, cooking and teaching math at my community centre. I did not retire yet but I am ready for phase 3.
  • @maxpayne7419
    I worked for 30 years. I didn’t worry about the phases of work life. I just got the job done. Retirement is absolutely fantastic so far, and I’m not obsessing about what phase I’m in or what phase is coming. Just enjoy time freedom!
  • The best thing you can do at retirement is take care of your health by doing good weight bearing workouts to prevent loss of bone density that always happens with age. Thank you for your great work Adam 😊
  • @edesouza2279
    I do retirement my way. I am 12 years in and I am breathing easy every day all day. I don’t need a guide or a road map for living. It’s living according to me.
  • @PierreL-he7ih
    My wife and I retired 4 years ago at 56, right before Covid hit. We had actually been planning it for a few years, so we knew what we were going to do. No phase 1 or 2, phases 3 and 4 were intertwined for a year or so. Now fully in phase 4, and happier than ever.
  • Oh please.....this is not true for everyone. I retired in 2016 with a very low income. I had planned for this and am set up in affordable housing and getting along just fine. I did go on a couple of roadtrips across Canada right away. Then came home and volunteered and got involved in my little community. Ended up busier than when I worked! Hated it. Luckily (lol) covid came along and shut everything down. Then realized that I don't need to do my retirement the way people say that I "should!" Am totally enjoying my laid-back retirement. One or two roadtrips a year, lots of camping and hiking, walks with the dog, lots of time to workout....very few social commitments and lots of time to spend with kids and grandkids. This is my perfect retirement. I wake up happy each day.
  • @brassj67
    I think everyone is different. Some are going to get bored of the go=go phase really quickly and others are going to embrace it with health and finances being the only obstacle. I think their has to be a balance between the 4 stages where you are preparing yourself for each phase. I think the slow-go is probably going to be the most challenging and you need to think carefully about what that is going to look like for you. I have many interests and I think it would be almost impossible for me to be bored
  • Retirement is man made. I learned from the word of God ….our responsibility in being given life is to make an impact before you die. I stopped working for a boss/co. At 55. I’m only 63 7.25.24 and I made a list of all the things I want to do now that I have freedom to do. It changes sometimes, & I think of new things to do all the time. Most people are lazy with no introspection and won’t do this. I’m so damn busy I have to take breaks. Praise God for this man’s wisdom and getting it out there. ❤
  • @angus7278
    Most people I know who have retired have never volunteered, never started a part time job, never taken up a new hobby, never started exercising regularly, never taken courses to learn something new, and barely travelled. Basically just living life like it was one long weekend - and maybe that’s exactly what they wanted?
  • @alljunk4824
    The working class has been trained for generations to work and then die.
  • @garfieldirwin
    Best "retirement phase" overview I've see -- thanks for doing this Adam & Dr. Moynes.
  • @Clover12346
    I worked as a nurse for years I’ve done my service!
  • @danbarrett6387
    To each their own always. Remember this always..This is just another opinion.No.more. No less.
  • @deb.m.7458
    This is an important video and creates a ‘Whole Life’ retirement plan. I know people who have retired with money and lack a sense of purpose in life. Be of service, live your passion.
  • I tried retirement. Hit the wall on phase 1 and went back to work.. for me it was a sign that I was not ready. I am working on things now that will replace my day job and give my life purpose when I do finally leave for good.
  • @peace44225
    A very informative video to help navigate this new phase of life. Thank you!
  • I will be starting a mobile knife sharpening business that will be part time during my remaining work years. But once retired I will do more often. I find knife sharpening relaxing. I can make knives very sharp.