Title: What Science Reveals About Money and a Happy Retirement
Article Snip: "...research from academics, social scientists, and financial services providers is shedding light on what it takes to be truly happy in retirement — and what behaviors and circumstances detract from that happiness...How you get your money is more important than the amount.
If you get most of your spending money in retirement from guaranteed sources of income — say, Social Security combined with a pension or annuity — chances are you’re a lot happier than your peers who have to withdraw money from savings to help pay the bills. That’s the conclusion of multiple studies, which show that happiness in retirement is strongly linked to the form in which your income comes to you.
Using HRS data, for example, a Rand Corporation study found that retirees who get a regular income stream from annuities were 43% more likely to consider themselves “very satisfied” 10 years into their retirement than were retirees without annuitized income.
Your best moves: Erasing debt before you retire has a big payoff... "