YVRRocketSurgery
Full time employment: Posting here.
I thought I'd pass along a retirement happiness article I found interesting.
Key takeaways if you don't want to read the article are:
Key takeaways if you don't want to read the article are:
- Retirement happiness does go up with the amount of savings accumulated but only to a point of around $3.5M USD of investable assets. Beyond that, happiness decreases likely due to the stress of managing that wealth.
- The wealthiest quintile of retirees only spend about 20% more the the poorest quintile of retirees.
- A solid marriage and good relations with the kids can be just as valuable from a happiness perspective as a big portfolio.
- Retirees who annuitize some of their retirement portfolio are generally happier because they psychologically have an easier time spending cash from an income stream versus spending their portfolio.