It is a heavily researched question and the consensus is…yes, it can. One of the key benefits that money provides is safety and security. Having enough money eliminates anxiety when shopping or making large purchases. Money also affords you memorable life experiences that bring joy and happiness, allows you to help loved ones, and give back to your community.
But just how much money do you need to be happy? To answer that question, we narrowed the focus of this conversation to how much money and what kind of experiences do the happiest people in retirement have in common.
Helping us explore this question is Wes Moss, author of the book You Can Retire Sooner Than You Think: The 5 Money Secrets of the Happiest Retirees. Wes is also Chief Investment Strategist at Capital Investment Advisors and host of Money Matters, an investment and personal finance radio show. The research conducted for his book quantifies the financial habits of happy retirees versus unhappy retirees.
Listen to the full podcast here.
Disclosure: This information is provided to you as a resource for informational purposes only. It is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal. This information is not intended to, and should not, form a primary basis for any investment decision that you may make. The information contained in this piece is not considered investment advice or recommendation or an endorsement of any particular security. Further, the mention of any specific security is solely provided as an example for informational purposes only and should not be construed as a recommendation to buy or sell. Always consult your own legal, tax or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.
