These awards are solely statements of opinion and do not represent a recommendation to purchase, hold, or sell any securities, or make any other investment decisions. Based on those who've received pension fund awards from Money magazine, Chant West, and Conexus Financial between 20, and awards received for the QSuper Lifetime Pension from its launch in 2021 onwards. The QSuper products that received these awards have kept the same key features post-merger. Most awards were received before QSuper merged with Sunsuper to become Australian Retirement Trust on 28 February 2022. Money may not be able to buy happiness, but not having any money sure sounds miserable.If you're eligible, it only takes around 10 minutes to apply online, and you'll be on your way to enjoying the QSuper feeling. What does your dream retirement look like? Act today to make it a reality. Whether volunteering or spending time with friends and family, finding meaningful ways to fill your days will lead to a happier retirement. Also, the extra money never hurt anyone's financial security. Jobs get us out of the house, force us to interact with more people and often be more physically active. In reality, people who work past 65, or have other passions or hobbies to pursue, often have the happiest retirements. I dream about a retirement where I'm sitting on a beach sipping margaritas, but even that could lose its appeal after a long enough period. Many baby boomers today will need to work just to keep the lights on, while others will choose to work to keep their sanity. Yes, you can work in retirement, but should you? That depends. There are exceptions I work with many successful business owners who love what they do and continue to work because they want to (rather than because they need to). Many more people expect to work in retirement than do it. Getty Images Should I Work In Retirement? a position of financial independence where you don't need to work in retirement, but can if you so choose. "Welcome to Walmart" is only fun if you are working there in retirement by choice. With all the travel discounts, you could take even more trips. If money is in the "fun account," you know you can afford that cruise. Of course, don't go crazy and blow your life savings but set aside a certain amount of money for fun. That is a little facetious, but if you have the money you've earned, you can enjoy some of it. Many retirees might never leave their homes without a retirement happiness spending plan for these types of expenditures. To help my clients have a happier and more enjoyable retirement, I often have them set aside a certain amount of money for fun things they would usually consider a splurge, like travel. Some retirees find it hard to spend any of their lifesaving, even once retired. When developing your retirement spending plan, set aside a certain amount for fun splurges, like travel or tickets to see Hamilton. At the most basic level, spend on things that bring you comfort and happiness, and skimp everywhere else. Not all smart spending strategies are this obvious. I will give my mom credit she is the queen of stretching a dollar. But if one couple paid full price and the other couple booked at a discounted rate, like my mom always does when she travels, there would be an obvious difference between the cost for each couple. For example, if two couples took the same trip of a lifetime, stayed in the same level hotel, and booked the same class of airfare, it would be fair to say that they got the same value from the trip. Related: Benefits Of Maxing Our Your 401(k) Will Smarter Spending Bring More Happiness In RetirementĬost and value are not the same thing. Not only will you save money on taxes each year, but you will also increase your eventual retirement income. Strive to save 10-20% of your gross income into a tax-advantaged retirement account like a 401(k), SEP IRA, or Cash Balance Pension Plan.
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