Retirement planning is all about numbers. It centers around one question: Do my financial assets — pension, 401(k)s/IRAs, Social Security, property, sale of a business, etc. — provide enough income to fund my desired retirement lifestyle? At least, that is what most people think. But ask any retiree, and they will likely tell you that it is only half the story. You’ll need enough money to get by, of course, but you don’t have to be super wealthy to be happy. In fact, life satisfaction tops out at an annual salary of $95,000, on average, according to a study by psychologists from Purdue University . Enough money to never have to worry about going broke or paying for medical care is important. But money is not the only or even the most important piece of a fulfilling retirement. So, once you have a retirement plan in place, it is essential to focus on all those things money cannot buy. Joining us for our discussion on Happiness In Retirement is Donna Skeels Cygan who is on the phone from her new mexico area office. She is the "The Go To Expert on Money and Happiness. She is a Certified Financial Planner® Professional, and she owned a fee-only financial planning firm for over 20 years before retiring (from serving her clients) in late 2021. She was recognized many times as one of the top financial advisors in the U.S. She is the author of The Joy of Financial Security, which includes cutting-edge research on the relationship between money and happiness. She has appeared on over 20 TV shows, 40 radio shows, and in hundreds of print articles. She is currently writing her new book— Sage Choices After 50 which teaches women how to get their financial “house” in order and then blossom….at any age . Welcome back to Mastering Your Money, Donna Skeels Cygan
