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January 4, 2022

How Much is Enough? (Retirement, Etc.)

As someone near that age where you think about such things, this note from Eric Weigel caught my eye:

Really insightful article on how to think about what you need in life. As retirement coaches/advisors we are often asked about the “number.” How much do I need to retire? But invariably that number keeps ratcheding up as capital markets reach yet another high.

When is enough really enough? When do you just buy that lifetime annuity and forget about how much the S&P 500 has gone up? Or simply, bring your risk down to enable you to sleep better, worry less, and actually enjoy your time doing the things that matter to you? How do you know if you are wealthy?

Hint: When what you have is enough.

Implication: Find out what enough is for you. Please read this wonderful article. It will shift your mindset toward more joy in your life – rich or poor!

I also like this article about “when to quit” by Andre Spicer. And this dharma talk from Jonathan Foust really helped me out on this topic…”the never-ending path of self-improvement”…the remarks at the 9:00 mark about “knowing how much is enough” is key…