Welcome to a new week here on the One Minute Retirement Tip Podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $325 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

The theme this week on the One Minute Retirement Tip podcast is: Do these 3 things right for a happy retirement. 

I came across an article recently in the industry publication, Financial Advisor Magazine with the provocative title, “For Happiness In Retirement, Forget About Your Kids And The Fancy Car”

Wait, what? You mean I’m not going to find fulfillment in retirement spending more time with my kids and grandkids, or getting that Porsche GT3 that my husband keeps bugging me about? Apparently, I said he could get one if we had another child. Well, I got the child and he’s still bugging me about that car. But I didn’t say when, and those cars are expensive...

So this week on the podcast, I’ll talk about the University of Michigan Health and Retirement Study (HRS), which is a longitudinal panel study that surveys a representative sample of approximately 20,000 people in America. 

It looks at factors leading to fulfillment among retirees over a long period of time, beginning in 1994 and following them up to 2018. 

From this study, we’ll talk about 3 consistent things that must be present in your life in retirement in order for you to be happy, and why your kids and a fancy car aren’t part of that equation. 

Link to article: https://www.fa-mag.com/news/for-happiness-in-retirement--forget-about-your-kids-and-the-fancy-car--advisors-say-64230.html

That’s it for today. Come on back tomorrow, where I’ll talk about the first essential ingredient for happiness and fulfillment in retirement - money. 

Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip podcast. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance