Retire on Social Security at 62? No 401K / Savings.

  • Published on Mar 12, 2018
  • Just some random thoughts on my impending retirement. Is Social Security enough to retire on? I discuss different ideas I plan to implement to help enjoy my retirement with just social security income. Becoming more self reliant and self sufficient.
    I plan on retiring at 62 with only my Social Security Income. I will work part time if needed, but I am practicing and learning the skills of homesteading to become more self sufficient. My wife will continue working and add me to her insurance while we wait on her age of retirement.
    Mailing Address:
    Joe Waller
    3825 Wood St.
    Wheeling, WV 26003

Comments • 1 431

  • Suger Babe
    Suger Babe 7 hours ago

    IRA's. That is what most people have, either regular IRA's or Roth IRA's.

  • Ricky Harvey
    Ricky Harvey 9 hours ago

    Just electric and gas will kill your check !!!

  • GrannysHappyHomestead

  • Brian Morgan
    Brian Morgan 2 days ago

    You are not CRAZY, You are SPOT ON

  • Jose Ferman
    Jose Ferman 6 days ago +1

    I 100 percent agree with you

  • Ken Demers
    Ken Demers 8 days ago +1

    Very good wisdom on retirement and the 2nd Amendment. No doubt those of us who will be seniors in the next 10 years risk being less relevant to the political class who seek to replace us with poor, dependent and compliant illegal immigrants.

  • Jacob Anderson
    Jacob Anderson 9 days ago +1

    I am a 34 year old Auto Detail Manager. Hiring 18-25 year olds is a nightmare. I wish I could hire more people who are 40-50 years old. The younger generation, unless taught by their parents, have ZERO work ethic. I go through young employees like shit through a goose.

    • St. Bernard Acres
      St. Bernard Acres  6 days ago

      Thanks, and you are 100% correct about today's labor force.

  • Charles Moore
    Charles Moore 11 days ago

    Social Security was only designed to pay for 35-40% of our retirement.
    Yep, it would be nice to get a pension to cover the other 60-65%.
    We are going to move out of the country. Lots of fantastic places that are WAYYYYY cheaper than the US. Where your SS check may be enough to buy you a nice life.

  • Bingalah Travels Philippines, America

    Just found your channel...that last important message is right on, brother! Right on! Euthanasia under the guise of guided, little suffering care into the great white called hospice! As a nurse once told me, the dirty little secret phrase used by physicians and heard by nurses is "send 'em on over"!
    Over medicate, deny food and water and in 5 days all is bliss for everyone involved!

  • kwlambright
    kwlambright 18 days ago

    Retiring at 59 1/2 have two good pensions and another small one. Taking social security at 62 will be downsizing a house in a few years. Rolling a 401k over at the same time I retire. Guess I seem better off but have worked for two companies in 32 years doing some dangerous work and when I am done I should be okay

  • Rose Thompson
    Rose Thompson 18 days ago +1

    What about health insurance?

    • St. Bernard Acres
      St. Bernard Acres  18 days ago

      I am lucky my wife will continue to work and I can be on hers until she retires, then Medicaid at 65.

  • Retire Earlier and Better

    This group shows people how to have more disposable income and improve standard of living so they CAN retire earlier and

  • Anthony Shaw
    Anthony Shaw Month ago +1

    Great video!!!!!
    I'll be 62 in October.
    I'm ready to retire.
    Had a co worker at work who struggled to work until he was 65. He made it, and retired.
    Took his truck and trailer, and moved up north in Arizona. To some land he had purchased.
    He wanted to build a small cabin. He left on Friday. Got there. Spent the weekend.
    Died on Monday. Didn't have a chance to receive one check from social security.
    Totally ridiculous, and sad

    • St. Bernard Acres
      St. Bernard Acres  Month ago

      That is sad, but happens way too often. At least I managed to get one so far!

  • Jan Roach
    Jan Roach Month ago

    Chances are you are going to get more out of Social Security than you put in if you are healthy and live to 80 and beyond. Why don't you question the tax cut to the wealthy instead of questioning why poor people are are welfare? If you would focus on the fact that Amazon got BACK millions of dollars from the government in refunds, whilst paying practically NOTHING in taxes, we would have enough money for our poor mothers with children. And Trumps billions of dollars in tax cuts for the wealthy, yes, YOU will have to pay for it. And our children. Frankly, the eskimoes, when too old to contribute to their society, walked out on to the ice to die, rather than let their young starve. If it comes to a choice between myself as an old person and a young child, I have lived a long life and the children should survive. That is the way it is in nature as well. And, yes, in most countries you are ENTITLED to a medical card. I think it's obscene the the elderly are all on Medicare and completely covered while our children and young adults are not. I think you are being short sighted and selfish. P.S. We must vote for politicians who are not beholden to the wealthy and will tax them -- not unfairly, but tax them so they pay their fair share. Then there will be enough money for all of us. And if there is not, we will have to share what is left with ALL of us, not just the elderly.

  • Claude /JeSca
    Claude /JeSca Month ago

    New here thanks for sharing cause I will be 62 in November and in two years moving to Philippines 🇵🇭 I will not work till 66 hey take care my new friend

  • CauseAndEffect
    CauseAndEffect Month ago +1

    401-k is 'crap'?! You didn't start saving and investing in multi-mutual funds at the age of 35. It worked for me now that I'm 61 and I don't need SSI, but I'll take it at 65 for minimal Medicare coverage.
    If you keep consuming processed sugar and cheap flour foods, you will go broke with chronic diseases.

    • St. Bernard Acres
      St. Bernard Acres  Month ago

      I said "my 401k". The 401k is an awesome tool if you are smart enough to use it. I wasn't.

  • Nala!
    Nala! Month ago +2

    I’m taking SS at 62, a bird in the hand is worth more than 2 in the bush.

  • Stevie Gee
    Stevie Gee Month ago +1

    Paid for home is your only real social security. The monthly benefit is hoping taxes utilities insurance medical are paid.

  • Shannon w
    Shannon w 2 months ago

    You are spot on. I am 44 and when my daddy died at 70 he had a thousand dollar mortgage every month. Me and my sister sold his house when he died and bought a small piece of land and a trailer in a trailer park. We don't owe a dime. I will live in this thing till I die.

  • Rosalind Campbell
    Rosalind Campbell 2 months ago +1

    This is exactly what I needed to hear!. Thank you!

  • Hope Chevalier
    Hope Chevalier 2 months ago +1

    Great job Joe and a very important topic. I'm 62 & I am going to retire this summer too. I am getting off of the corporate plantation working a j.o.b. that keeps us just over broke. Thank you! 👍💕

  • C X
    C X 2 months ago

    My Dad lived to 91 years old and had early retirement on Social security since he was in late 40s. Had house and summer home paid for along with his and my Mom's vehicles. No debt! My mom lived to 88 years old. Neither one had to live in assisted living 🙂 Thank God 🙏 They both lived within their needs.

  • Jay Young
    Jay Young 2 months ago +1

    Sorry my man, you lost me at 2:24. Financial advisors are not BS as you state. Mine has helped me tremendously to achieve my retirement goals, .sorry you are so short sighted.. SS is not going to get you by. I hope you have an IRA or substantial savings to see you through...peace.

  • Raven Tactical Prepper Channel

    Eh plenty of people who are quote disabled from made up things like ADHD refuse to work can get SSI. Yeah you have plenty who never put in collecting from the ponzi scheme. It's a failed system I am forced by gun point to pay it. Which I will never see it.

  • Raven Tactical Prepper Channel

    Social security was the greatest ponzi scheme of all time. Worst is its forced on you by the barrel of a gun.

  • Sarah Jones
    Sarah Jones 2 months ago

    HI all the best ,you have exactly the right ideas , I am trying to do the same, at our age money is necessary but the obsessive days are gone thank the lord I want to paint ,grow food cook healthy food stews I do a lot .all the best for your retirement, and by the way I am 65 and in the ..................u.k I am considered poor!!! I have no car, used to have all these commodities.


  • Bill Keighley
    Bill Keighley 2 months ago

    Aman retire in 18 months after 46 years on job..

  • Just for Fun
    Just for Fun 2 months ago

    Avg rent around the country for a 1 bedroom is $ 850 a month not including utilities

    • Power is Taken
      Power is Taken 2 months ago

      Correct.. You will always pay for some where to live in one way or another.

  • jason martz
    jason martz 2 months ago

    Dividend stocks are the future

  • Susan Lett
    Susan Lett 2 months ago +13

    You did it right. Pay the house off and get out of debt. My husband retired at 62 because he was just done with working. We are fine

  • hotelboz
    hotelboz 2 months ago

    I retired at 68, will collect SS at 69, and have a substantial 401K. Working that last couple of years took it toll on mind and body. Not sure that it was worth it.

  • badcrockett57
    badcrockett57 3 months ago

    I tend to agree with you guys they want us all dead. The question is are you happy with that?

  • v. w.
    v. w. 3 months ago +1

    Notice the door doesn't have a door knob?

    • St. Bernard Acres
      St. Bernard Acres  3 months ago

      Notice in my other videos, that is a cabin I'm building. It has knobs now.

  • Pirate Cove Philippines

    Retired at 56, moved to the Philippines and live very comfortable on my savings.
    1 1/2 years till 62 and will live even better on my 1,600 month. Glad i did it while i can still enjoy life here in the islands.

  • Lisa K
    Lisa K 3 months ago

    I’m late to the party, but my suggestion for your fruits and vegetables is learn to can. My grandmother lived through the depression, never wasted a cent and never had any debt. I remember spending summers with her and my grandfather and we would can for the last 3 weeks in August until I sadly went back to school. She never bought anything from the store if she could grow it herself. Happy retirement!

  • L2fish
    L2fish 3 months ago +1

    Its mind boggling what the government thinks we can live on.

  • Diana's World Of Fixing Things

    How can you be out of it, Sir. Everybody has to be an activist. Especially those who have more knowledge. With all respect sir, I read an article this morning on the New York Times that a Social Security cut which they are thinking of doing in the near future will affect everybody collecting Social Security. They are saying that there would be a 20% cut so if you're getting $1,000 your check will now be $800. That's a lot of money if that is all you have. The young people don't understand that they should start saving for their retirement as soon as they start working. So they will not care about this Social Security thing since they think they are invincible and will never get old so their minds are not there. We need to fight together and for each other.

  • Rosy Arell
    Rosy Arell 3 months ago +3

    I’m addicted to work what I’m going to do after 😪 that!

  • Carlos G.
    Carlos G. 3 months ago +1

    How much you think I can get monthly with 15 years of work. ?

    • Carlos G.
      Carlos G. 3 months ago

      @St. Bernard Acres
      Ok. Thanks

    • St. Bernard Acres
      St. Bernard Acres  3 months ago +1

      On their website you can get an estimate. It's not just the time you worked, but how much you earn.

  • deliveryguyrx
    deliveryguyrx 3 months ago +2

    Sir, you speak the truth!I'm 60 now and I won't have my house paid off until I'm 70.I will probably have to downsize at some point.I have health issues now so I know I won't be able to work (let alone live) that long.Taking the SS at 62 and getting a different job may be the way to go for me. A word about rights--mine are not given to me by the government,but by the Lord thy God.No one can take them away,though some may try.

  • Joey Allmon
    Joey Allmon 3 months ago +3

    Their still working in there 70s to give to there Grandkids.

  • Dooz Owings
    Dooz Owings 3 months ago

    The day someone takes social security they need to liquidate their 401k and or Pension or I can guarantee that the healthcare industry will lay claim to it and destroy it... Do not put it in a bank, they will attach ANYTHING that is tied to your social security number . Thumbs up on the video ... Your best bet is to own your home, deed it to your son or daughter ... Buy an airstream to travel and rent your home while you hit the road ..

  • David Nordstrom
    David Nordstrom 3 months ago

    The American flag is the problem, Why do U fly it???????

    • St. Bernard Acres
      St. Bernard Acres  3 months ago

      In what way is the flag the problem? As long as I'm alive, and this is America, I will fly it.

  • ateamofone
    ateamofone 3 months ago

    If SHTF you wont HAVE that income. Just sayin

    • St. Bernard Acres
      St. Bernard Acres  3 months ago +1

      Thanks my friend......if you liked everyone, I'd be worried.....some of them, even I don't like lol

    • ateamofone
      ateamofone 3 months ago +1

      By the way.....I subcribed and love every video you do. Mostly.

  • Lisa Elissa
    Lisa Elissa 3 months ago

    Thanks for this video. It would really help if Social Security would stop the cut-off. High income folks stop paying into the system after so much is earned each year, they are cut-off from paying in after about 6 months every year If that stops... if everyone (not just the rest of us) paid into Social Security all year... that would clean up the system. Health care is awful here too, it's a business. Unfortunately the health care industry is concerned about the money, not your actual health. Your only hope in the U.S. is to stay healthy. I appreciate your video. I wish you an awesome retirement! 🙋‍♀️🏝✌

    • terry waller
      terry waller 3 months ago

      The amount you get is based on what you pay in. If hi wage earners paid FICA on everything they made
      They would get much more in SS checks, it is a wash.

  • Doreen Gayer
    Doreen Gayer 3 months ago +1

    When you have a limited income you have to find programs and supplemental food etc such as food stamps, pantry, senior discounts, senior free transportation and more!! Senior subsidized housing paying 30% of your income for rent.

  • Nellie Vanellie
    Nellie Vanellie 3 months ago

    Getting old is not for sissies
    I am 60 and still working full time, 6 out of 7 days; in my line of work i meet folks much younger and healthier with vigor who do not work, and i watch them decline mentally and physically; i also see young people who have learned to buck the system so that they do not have to work, its a mind set they have learned from their parents yet they are subsidized for housing, food, medical and there is not a thing wrong with them, they get more being unemployed and working the system rather than being in the work force and paying more for housing food medical health insurance.... where’s the incentive to work? Can you blame them? Much easier for them to stay home and live off of us, the older generation; i try to stay working and continue to engage and be active for fear if i stop i may decline, just my humble opinion; hats off to all of you folks and wishing you all a long healthy and prosperous life

  • sparky42
    sparky42 3 months ago

    my dad always taught me that health is wealth

  • Arthur Fernandez
    Arthur Fernandez 3 months ago

    A lot in common with you my friend!!.......

  • geiadude
    geiadude 3 months ago

    what a beautiful life it I lived in

  • king kong
    king kong 3 months ago +1

    This is 26min of my life I will never ever get back. Smh thanks a lot buddy. Thanks for nothing

  • Bruno
    Bruno 3 months ago

    Congrats to you Joe. It seems like everyone here is of the mind to retire at 62.....except me....I actually don't mind working, I'm 55 and am still far. I can't see retiring at 62 if you are going to have to scrimp and just get is that "enjoying" your life? My home is bought and paid for, vehicle is bought and paid for and no Credit card debt.....but I still plan on working till my full retirement age and then probably go part-time if my health permits. What do all the people on here do with all their free time if you have barely enough to live on? Not trolling....just looking for answers. I know people that have gone on disability or retired with only Social Security and are bored out of their minds because they have nothing to do all day. I hear a lot of people saying so and so died shortly after retiring....maybe those people became sedentary because of no place to be or nothing to do or focus on? Like I said....I actually like working...having benefits, a steady income and working with people. I respect people like Joe....people that can/want to do retire and know they will like's just not for me.

  • Larry Hottle
    Larry Hottle 3 months ago

    Spot on! Just retired myself 2 months ago, Born on 1956, bought a 2003 dodge Cummins and a 2006 Lance 851 cash. My opinion is as long as your home is paid off, be Frugal!

  • Eugene Allison
    Eugene Allison 3 months ago +1

    I can make a million dollars last the rest of my life

    • Eugene Allison
      Eugene Allison 3 months ago

      @St. Bernard Acres I would buy a small 2 or 3 bedroom cabin maybe 2 new cars then I would buy or build 2 or 3 nice homes and rent them out now your still rich as hell with money in the bank and getting rent off of your rentals that's how u do it on a million dollars

    • St. Bernard Acres
      St. Bernard Acres  3 months ago +1

      Lol. Give me a million. I'd like to try it!

  • Arthur Trevino
    Arthur Trevino 3 months ago +1

    Thank you Joe, for making this video. I'm in the same situation as you, only I'm 68 now and living on social security only. It's a scary thing to think that you might not be able to make it, but hearing your words and your advise makes me aware that I'm not alone in this situation. There are probably thousands of us out here just living on SS only. After watching your video, I'm feel so much better and I know I can make it now. You have made my day, and made me a happier man today, Joe. Thank you. ....and may God Bless.

    • St. Bernard Acres
      St. Bernard Acres  3 months ago

      Yes, I have learned there are a lot of us. We should form some kind of support group to help each other and share ideas about how to survive this.

  • christopher hennessey
    christopher hennessey 3 months ago +1

    I grew up poor.I have a pension,thank God! I retired 5 yrs ago,after having worked at a county teaching hospital in Miami.RN’s whose pension is part of the Florida Retirement System ( FRS),earn a decent pension.I plan to collect my Social Security at age 62. Some of my savings were used to help family members.who never seem to have the money to repay you when you came through for them.What pisses me off are those assholes who make the snide comments about why didn’t I save . I did ,but it went to helping out family.

    • St. Bernard Acres
      St. Bernard Acres  3 months ago

      Yeah people don't take into consideration how much money your family can drain from you lol.

  • alastair way
    alastair way 3 months ago

    This fat, lazy and entitled man is typical of a certain mindset. He believes that he has the right to live off the tax payer.

    • glasslinger
      glasslinger 3 months ago

      @St. Bernard Acres Right on! I worked 32 years with a big salary paying a small fortune into it. I retired at 62 with no problems. Had everything paid off. Going strong at 74 now! Good luck to you!

    • St. Bernard Acres
      St. Bernard Acres  3 months ago +2

      How the fuck do you figure that you fucking idiot? I have worked for 45 fucking years paying into this system, for what? How the fuck do you figure I'd be "living off the tax payer"

  • Matt Lourer
    Matt Lourer 3 months ago +1

    We are paying ourselves the interest on our money the government squandered from our ss.

  • Threelly AI
    Threelly AI 3 months ago


  • Louise Smith
    Louise Smith 4 months ago

    👋Baby boomers were the workers of America . Those after us are seeks no freebies . I hate to tell you ! But you will need something on the side to make money . We found out that our SS is getting smaller because groceries are going higher and higher . And so is everything else .
    What we find out is we don’t need the junk we worked and paid for . We have been working since 1964 . Another thing you need to pay attention to . Is your health . Doctor bills will put you on the street . Our Expenses are over $500 a month . Our home is paid for and we are self contained . Because we love be in our motor home . We were taken out by the 2008 recession that took our business as it was as a trucking company. Our bills are just for insurances and phone . And it doesn’t include groceries.And if if one of us dies the same bills will still come . The only part that f insurance that will drop is whichever one dies and that cost is removed .