Posted on 11/25/2024 10:19:23 AM PST by ChicagoConservative27
A 2010 Time Magazine article about the plateau effect—Americans not seeing significant rises in happiness levels as income rises above $75,000—inspired my first intensive study on the relationship between money and happiness. Though roughly 15 years have passed, and more nuanced conclusions have been analyzed, the eye-opening revelation remains an essential reminder for retirees. Namely, happiness isn’t only about the money itself. What people do with that money can often be the difference between a happy and unhappy retirement.
(Excerpt) Read more at forbes.com ...
Happy retirees have excellent money habits.
Happy retirees are curious and adventurous, with at least three “core pursuits.”
Happy retirees love their kids and see them regularly—but their kids are independent.
Happy retirees are married and have never been divorced or only divorced once.
Happy retirees believe and give.
Happy retirees stay connected.
Happy retirees are healthy.
Happy retirees have good housing habits.
Happy retirees exhibit excellent investor behavior.
Happy retirees are savvy spenders.
Happy retirees are also savvy savers. I’ve actually increased my net worth since retiring last year.
In summation: Happy Retirees have money.
My observation is that without your health, the other nine habits are superfluous.
Good to know; we meet all of the criteria. (Retired since 2016 & 2017)
Sounds like a good way to live A Good Life in general. :)
happy retirees spend their children’s inheritance
Bingo! $$$$ makes all the difference.
It’s kind of hard being “the happy retiree” when you have all your time to sit around and watch the world being destroyed.
First world problem.
Happy retirees are the ones who watch their contemporaries get old and fat. It helps to take down your bathroom mirror.
My observation is that without your health, the other nine habits are superfluous.
YES
And minimize their hassles.
One of the smartest things I did was to stay in the Army Reserves, now as a senior I not only get a pension but have health insurance at minimal costs.
Happy retirees are grateful for what they have.
Thanksgiving is a perfect time to reflect on what we should be grateful for.
And it’s a great exercise for the other 364 days as well.
Happy retirees figure it out for themselves. They don’t pay attention to all the retirement advice experts.
I inherited nothing. I tell my kids that was the secret to my success.
Our net worth number has increased slightly, but I’m sure that if I accounted for a realistic amount of inflation, it would show a significant decrease.
With Trump (and DOGE) getting in, I think you may well make out the next four years as well!
I had originally planned to retire in about 3-5 more years but might just take the plunge shortly as my wife and I hit on all these habits.
Happy retirees don’t need to worry about their children’s inheritance as they raised them properly and they are building their own wealth.
Yup—when you know every day is a good day and you are grateful for all the little things you are doing it right.
Happy retirees are like cats - they do whatever they want.
How much money should a retiree have to live comfortably in today’s economy?................
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