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Specification:
Summary
Many people overestimate how much money they need for a happy retirement. Experts say good financial planning and life goals (not just money) are key to feeling secure and happy after work.
Click to read the article and then answer the questions:
How much money buys you happiness in retirement?
Questions
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The article says that many people want to retire with the same income they had while working. Why do you think this might be unrealistic for most people?
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Some experts say you don’t need as much money in retirement because your expenses go down (fewer taxes, no commuting, etc). What are some costs that might increase instead?
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Studies show that having more money doesn’t always mean more happiness. What do you think are some non-financial ways to be happy in retirement?
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If you had to start saving for retirement today, what are some small steps you could take to make sure you have enough money in the future?
Dave Martin, Next Gen Personal Finance
