Quote:
Originally Posted by V
My grandfather had nothing but OAS and CPP in his retirement. A single parent trying to raise 6 kids on a painter's salary wasn't going to allow him to do any better. He lived a happy retired life until he died at 82.
I'm not sure you need to hoard your money to retire happy. I think happiness is a lot cheaper if you know how to find it.
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I agree with the above, money definitely doesn't buy happiness.
Happiness = reality - expectations
I do think it makes sense to plan for approximately level standard of living, so you don't have a big drop in retirement. For some people OAS/GIS/CPP will be enough, especially of you end up with a paid off house.
For others, significant assets will be required to keep consumption level.
I dont think spending money on stuff makes you happy, but I bet for many people not being able to afford things they used to have would make them unhappy.