17 Challenges Single Retirees Will Face
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Publicado 2023-09-29
In this video we'll go through 17 challenges single retirees will face.
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
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OUTLINE
0:00 - Intro
0:25 - 1
1:10 - 2
2:11 - 3
3:06 - 4
4:12 - 5
5:00 - 6
5:54 - 7
7:09 - 8
8:22 - 9
8:58 - 10
9:53 - 11
11:11 - 12
12:45 - 13
13:44 - 14
14:52 - 15
15:36 - 16
17:15 - 17
18:02 - Financial Plan Example
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.
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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.
Todos los comentarios (21)
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May I suggest 3 more: Stay fit and health conscious, Keep up your physical and social hygiene, and finally be aware that with age the mind crystallizes so keep it open, flexible, and filled with loving kindness. Great video as I'm in that 33% group.
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Why do couples get the financial advantage? This is discrimination against being single, it's so frustrating.
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I am financially stronger as a single person.... thank you very much!
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Thanks so much for this! Please continue to do these ‘single focused’ spots regularly! It is MUCH appreciated!
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Thanks 😊 Adam for caring about us single souls. Your explanations and example were exemplary. 😊
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Adam, in a word and as a single guy, my rating for this video: Exceptional!
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Great video! I am 65, single (divorced) and I have a seizure disorder. A few good ideas I gained from this video......first, I am going to get a device to wear to get help etc. Second, I will get someone to check on me every day. I have a decent financial plan, but money doesn't get you the social network you need. And finally, I'm going to get a dog!!! Thanks!!
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*Travel solo*. Serial solo traveller here. Don't hesitate to go on whatever holiday you can afford. In times when you can't go anywhere, you will treasure those experiences and photos and memories.
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Well done, thanks for pointing out some of the challenges that are unique to single households in retirement planning. I have a few single family members, and I think single with no kids is the most overlooked household type by our tax laws and government programs.
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With 40% increase in all cause mortality in the last 2 years I,m taking what I can as soon as I can.
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I travel by myself all the time. Otherwise, I'd never leave the province. The POA is the issue I'm having. My family is extremely messed up and I don't trust giving financial authority to anyone.
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Owing a house or car, travel and pets! Can't afford any of those. Keeping a roof over my head and food on the table, the odd 'liquid refreshments', playing Pickleball, cycling when the Canadian weather permits. That's about it. I am having fun though, being single! Really, less is more! 😛
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Wow! $70,000/yr pension! What did that person do for a living? I'm glad you're talking about single people. There are a lot of us, and politicians, media, and financial people rarely ever mention us... Thank you!
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Thank you for finally shedding some light on the single person! My current conundrum is that having lost two travel years to the pandemic, I want to travel as much as possible while I can, so getting a pet isn’t very practical. I see my pet owning friends who travel having to board their pets often at great expense, and apart from the financial aspect, that doesn’t seem fair on the pets.
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I am single female live alone. That is my worse fear what if I die no one will know. Society have no idea how it feels like to be by your self.
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Missed one! Singles frequently do not have trusted family or friends to act as POA financial. Too much work. Nobody wants the job 😱
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Your example with a 70k DB pension is not very typical! Almost 40% of seniors get GIS and probably a higher % if single. Poverty among single seniors is a real issue especially widows and single women. Much of the advice here would also apply to a surviving spouse.
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I retired fully at 55. I just applied for CPP to begin next year because with 5 years of zero income to 60 and maybe 65 my CPP benefits would decline from 60-65. Singles really are hard pressed. I wish you had a plan price for simple singles like myself with all cash and only CPP OAS to come. Paying as a couple with alot more variables and planning needed irks me as a single. Hope you can remedy for we singles 😊
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While some of the challenges were fair, I think many of the challenges covered actually apply to couples…..emotional loneliness leading to overspending, lack of financial knowledge, etc….not sure why these were identified as being of most interest to single people…not mentioned, the joy of being single and how much easier it is to make decisions vs trying to reach consensus….just my opinion. Thank you for the generally informative videos.
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The problem with those "I've fallen and I can't get up" gizmos is that older people won't listen and wear it😢
