It is a heavily researched question and the consensus is…yes, it can. One of the key benefits that money provides is safety and security. Having enough money eliminates anxiety when shopping or making large purchases. Money also affords you memorable life experiences that bring joy and happiness, allows you to help loved ones, and give back to your community.
But just how much money do you need to be happy? To answer that question, we narrowed the focus of this conversation to how much money and what kind of experiences do the happiest people in retirement have in common.
Helping us explore this question is Wes Moss, author of the book You Can Retire Sooner Than You Think: The 5 Money Secrets of the Happiest Retirees. Wes is also Chief Investment Strategist at Capital Investment Advisors and host of Money Matters, an investment and personal finance radio show. The research conducted for his book quantifies the financial habits of happy retirees versus unhappy retirees.
Listen to the full podcast here.