Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
An online investment ad features a broker claiming that his clients with pensions generally are happier and feel wealthier than clients without a pension. What do you think?
Those who have it, those who have pensions consistently we see are happier, see themselves as being wealthier in retirement.
Although not tied directly to happiness, NPR recently did a story about wealth and cognitive function. According to the story, it is well known that people with more wealth typically suffer less from cognitive decline. There is a case-study to back this up:
Back in the 1970's, there was a computational glitch that gave new benefit recipients in a specific year a higher percentage of income replacement for life than they were supposed to receive. Those recipients were tracked by researchers, as were the recipients that followed the year after them who received the correct Social Security amount. The study found that the recipients with the higher income had statistically significant lower rates of cognitive decline.
Knowing how much is coming in each month has made it a lot less stressful for my wife and I while in retirement, so yes having a pension and especially one with COLA's, as well as SS does make life much less stressful and when I added an annuity to it, so that I know my wife will always have an income should something happen to me, that dropped my stress level to zero ever since.
It depends. My FIL had a Polaroid pension. - Not too happy.
My Dad has a GM pension. while it made him happier for a time, the bankruptcy was very stressful since he was dependent in part on the pension and it looked like it might go away.
IN general I woudl think most are happier with a pension of some sort. Better than a 401K because the pension at least seems more secure.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
