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One number to predict retirement happiness?
08-28-2014, 03:46 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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One number to predict retirement happiness?
"According to one financial expert, how happy you'll be after you stop working isn't just about how much money you have. It's based on how much money you have in relation to how much you need."
http://finance.yahoo.com/news/number...190700356.html
What do you think?
Caution: This is a light article from Yahoo news I found interesting. Many here don't like it or don't like the snippet I posted with it, so you might waste 30 seconds of your life clicking the article and reading the few paragraphs. That is 30 seconds of your life you will never get back mind you, so think very, very carefully before you click the link because it may not be all that fascinating to you.
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08-28-2014, 03:59 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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Great, now all we need is a magic ball to find out just how much exactly we will need. Oh, and another to predict investments so we know how much we will have. Other than those two items, it's genius.
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08-28-2014, 04:04 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,525
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Me thinks Mr. Dickens already said much the same thing:
"Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
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08-28-2014, 04:04 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,983
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Yes, I agree.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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08-28-2014, 04:36 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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I thought the number to predict retirement happiness was the number of times one had sex every week.
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08-28-2014, 04:45 PM
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#6
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,198
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There is actually an even simpler calculation that works as well.
All you need to know is your date of death.
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08-28-2014, 04:50 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,686
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Quote:
Originally Posted by braumeister
There is actually an even simpler calculation that works as well.
All you need to know is your date of death.
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Got it:
The Death Clock: Calculate your life expectancy today
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08-28-2014, 05:00 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Quote:
Originally Posted by target2019
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Damn! I am not going to make it past 75 per the clock . Tick, tick, tick.
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08-28-2014, 05:18 PM
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#9
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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Quote:
Originally Posted by daylatedollarshort
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Well, I think there's a limit to that. If you only need X dollars to live happily in the lifestyle to which you are accustomed, and you have 3X dollars, would you be happier with 5X dollars? I just don't see it. And who would retire with less than X dollars if that is what you need? I doubt any of us would, at any rate. In other words, I think this measure of happiness needs to be further refined and tweaked.
As for the life expectancy calculator, it gives me until age 90. However, no complaints will be heard from my direction if I happen to live a little longer than that.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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08-28-2014, 05:24 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,317
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Quote:
Originally Posted by ejman
Me thinks Mr. Dickens already said much the same thing:
"Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
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+1 Why do people post naked links without summarizing the article. This one would have taken a simple sentence. The guy says to evaluate your expenses and then evaluate your income stream(s). If the ratio of funds/expenses is greater than 1 all is good. As noted above, essentially the Dickens ratio.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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08-28-2014, 05:27 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,686
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Quote:
Originally Posted by robnplunder
Damn! I am not going to make it past 75 per the clock . Tick, tick, tick.
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Gotta work that BMI down.
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08-28-2014, 05:47 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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Quote:
Originally Posted by donheff
+1 Why do people post naked links without summarizing the article. This one would have taken a simple sentence. The guy says to evaluate your expenses and then evaluate your income stream(s). If the ratio of funds/expenses is greater than 1 all is good. As noted above, essentially the Dickens ratio.
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I put the first paragraph of the article above the link. Sorry it didn't meet your standards.
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08-28-2014, 05:52 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,686
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Quote:
Originally Posted by daylatedollarshort
I put the first paragraph of the article above the link. Sorry it didn't meet your standards.
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I was fine with the link as posted. I don't think anything wrong there.
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08-28-2014, 06:42 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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Quote:
Originally Posted by daylatedollarshort
I put the first paragraph of the article above the link. Sorry it didn't meet your standards.
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Quotes would have made it clear it was from the article and not just your comments.
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08-28-2014, 07:19 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 5,176
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Maybe I am missing something here - I don't feel this is article worthy. It's only stating the obvious, at least to me.
I mean, of course, you feel you have enough money to live on, that will make you happy, but the question is do you really know how much you will have or how much you will need.
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08-28-2014, 07:23 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: northern Michigan
Posts: 2,213
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Quote:
Originally Posted by target2019
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The calculator is a joke. I have a glass of red wine every day (which is supposed to be good for health), yet by saying I drink daily, the calculator chops about 9 years off of my life expectancy. Huh? Give me a break.........I'll take my chances, and keep drinking the wine.
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08-28-2014, 07:24 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 1,319
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Quote:
Originally Posted by LOL!
I thought the number to predict retirement happiness was the number of times one had sex every week.
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Why am I so happy?
__________________
We are, as I have said, one equation short. – Keynes
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08-28-2014, 07:25 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by RAE
The calculator is a joke. I have a glass of red wine every day (which is supposed to be good for health), yet by saying I drink daily, the calculator chops about 9 years off of my life expectancy. Huh? Give me a break.........I'll take my chances, and keep drinking the wine.
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Don't buy any green bananas.
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08-28-2014, 07:33 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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Quote:
Originally Posted by Animorph
Quotes would have made it clear it was from the article and not just your comments.
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Sorry it did not meet your standards either. I have made the noted correction.
Tough crowd tonight!
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08-28-2014, 07:57 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2009
Posts: 5,307
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Has anyone read the book this is based on? It has good reviews on Amazon.
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