Richard Leider, author of several books including “The Power of Purpose,” was involved in a research study, “Discovering What Matters,” by MetLife Mature Market Institute. The study revealed that, while having enough money to be comfortable remains important, it’s not the only, or even the most important, factor in personal happiness for many. “The most content people also focus on the non-financial essentials in their lives, even during difficult economic times,” one of the study’s authors wrote.
Planning effectively for the rest of life is about planning for beyond the money — the nonfinancial parts of retirement — emotional, spiritual and psychological aspects of leaving one’s main career.