Does having more income in retirement make you happier?
I’m sure it’s a question we could debate for ages.
Would you be shocked that there are certain products you can put in place that can make your retirement happier?
Scientifically proven? Check out some from the study below, and then see my comments after.
Yes, according to research by the RAND Corporation’s Constantijn Panis, (using a specific strategy and product) you can buy a degree of happiness in retirement that you don’t get without one. Panis’s research looked at the Social Security Administration’s Health and Retirement Study (HRS) to compare the reported happiness of retirees who had guaranteed streams of income (pensions and/or annuities, not counting Social Security) with those who did not have the guaranteed streams of income.
Even those retirees who had a small amount of guaranteed income – between 1% and 25% of their total income – were, on average, 24.1% happier than those who did not have guaranteed income.
They were also less prone to depression and they maintained a higher level of happiness throughout retirement, compared to their guaranteed income-less peers, whose retirement satisfaction decreased over time
Of course this does not guarantee happiness. It just proves that point, that a scientific retirement could create a scenario where you could have less stress to worry about paying your monthly bills.
What it really does is create income liberation.
By locking and securing a guaranteed income stream for the rest of your life…just to cover the basic expenses…it liberates you.
- You could know that you will have a way to pay your basic living expenses the rest of your life.
- You could spend more time on things you enjoy…create a new business, start a new hobby, travel or read the books on your to-read list.
- You could still invest your other monies in what other ways make sense for your situation.
Want income liberation?
Then we might want to talk.
Simply schedule a time to talk on my calendar below and we can see if I might be able to help.
It’s not for everyone….but worth a chat, at least.
Just reply to this email and we will schedule a brief call.
Remember — It’s Your Time…