News & Resources

NEWSLETTER

Comprehensive Financial Planning, Inc. produces a quarterly newsletter to provide established and prospective clients with current financial news and information. Content is succinct and relevant, and worth your time to review. Stay current by signing up for the FREE newsletter—your email won’t be bombarded, just a helpful update every three months.

Newsletter Signup

What Makes a Happy Retirement?

5 years ago I wrote about what makes for a happy retirement I think it is a good time to highlight, whether you are looking forward or in retirement. I mentioned a new book “You Can Retire Sooner Than You Think” by Wes Moss. His main point is to detail all the factors that affect our happiness. So here are 7 major factors that his survey identifies based upon answers received from over 1,200 retirees and soon to be retirees.

  1. Retirees’ happiness hit a wall once they reach $500,000 in savings. Happiness skyrocketed for those who saved $500,000 vs. those who saved only $100,000. A similar plateau occurs for those who spend over $4,500 per month.

  2. Happy retirees fill their time with 3 or 4 core pursuits. On average, happy retirees participated in almost twice as many core pursuits than their unhappy counterparts (3.6 vs. 1.9).

  3. Happy retirees pay off their mortgage early. Now is an even better time to consider this.

  4. Happy retirees have at least 2 to 3 sources of income in retirement (Social Security, pension, investment, real estate and part-time work). Unhappy retirees have between 1 and 2 income streams.

  5. Happy retirees are “masters of the middle” in that they live off of $53,000 a year, which is close to the average national household income. Happy retirees shopping tastes were modest. “They aren’t super, uber frugal, but they aren’t shopping at thrift stores either”.

  6. Happy retirees spend at least 5 hours a year planning for retirement. Nearly half of unhappy retirees said they weren’t satisfied with how much thought they put into retirement.

  7. Happy retirees are more likely to be married. 76% of happy retirees were married vs. less than half for unhappy retirees. This agrees well with other surveys about happiness of married and single people. This also agrees well with my own experience (but your results could vary).


RESOURCES

Don’t trust your search for information to a Google™ robot! The following references and informative links have been previewed and selected personally by Comprehensive Financial Planning, Inc.

Consumer/General Finance

NAPFA Personal Finance Blog Information from other fee-only advisors

Kiplinger.com Great personal finance magazine

ConsumerFed.org Consumer Federation of America

Consumer.gov  Lots of info on ID theft, do not call registry, etc.

Experian.com Obtain your credit report

ConsumerReports.org Consumer Reports magazine

HSAColorado  Health Savings Account providers in Colorado

BankRate.com Rates for CDs, loans, etc.

ICFE.info  Lots of info for parents and children, credit repair
 

Education

SavingForCollege.com 529 college savings plans

 

EFC Plus Our partner for college planning services

CollegeBoard.com SAT sponsors information

FinAid.com Financial aid for college with calculator to determine aid qualifications

FastWeb.Monster.com Free scholarship database

StudentAid.Ed.gov  Apply here for federal aid (don't have to be poor)
 

Investing

Morningstar.com Info on funds and stocks

Finance.Yahoo.com Lots of data on historical prices

NAREIT.com National Association of Real Estate Trusts

PublicDebt.Treas.gov Buy U. S. savings bonds

 

Government & Regulatory

CFP.net Certified Financial Planner Board

NAFPA.org National Association of Personal Financial Planners

Dora.State.CO.us Colorado State Division of Securities- Check my registration

SEC.gov Securities and Exchange Commission

IRS.gov Internal Revenue Service

SSA.gov Social Security Administration

TaxColorado.com Colorado tax authority
 

Seniors

Livingto100.com Best life expectancy calculator-try it out

AARP.org American Association of Retired Persons – Anyone over 50 can join

Medicare.gov Find out about benefits and your eligibility

Money Saving tips for Seniors All kids of information on saving money.

BenefitsCheckup.org Information on government programs to help seniors

COBar.org Colorado Bar Association: Info on estate planning, probate costs in Colorado

AgingLifecare.org Find a caregiver at the National Association of Geriatric Care Managers
 

Recommended Businesses

CaseyLynchCPA.com Casey Lynch, CPA for individuals, business owners and non-profits

ryan-insurance.net John Ryan offers Life, disability and Long-term Care Insurance.


Newsletter Archives

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

Financial Planning Newsletter