The Fiduciary Advisor Report – Presented by Mark K. Lund, Financial Planner – July 25, 2022

Secret to retirement happiness: Planning for fun

The always-on Internet gives us instant access to virtually unlimited information and entertainment. But it has a downside. Our phones and tablets can deliver a million ways to kill time, but few are genuinely fun.
Catherine Price, a science journalist and expert on the effects of screentime, says that scrolling through a social media feed or binge-watching shows on Netflix could be classified as leisure, but they fail to meet the criteria for genuine fun. An experience we long for and need.1
So, what is genuine fun and how does it fit into retirement?
In researching for her book, The Power of Fun, Price dove into the available scientific research on the subject and recruited 1,500 volunteers around the globe to analyze what makes them truly happy.
She found that activities that are “real fun” share three key attributes.
1. They are truly playing. In other words, things you do for their own sake. It could be playing games, hiking a mountain, or making music.
2. They involve connection. Price found that even introverts reported that the times they had the most fun were when they were experiencing a connection with others.
3. They cause you to experience “flow.” This is where you become so engrossed in an activity that you lose track of time.
Price adds that genuinely fun activities are enjoyable and energizing. The kind of thing that makes you eager to leap out of bed in the morning just so you can do it.
You can use these criteria to identify the things that for you are “real fun.” And if you need help coming up with more, Price suggests thinking back on experiences where you felt the most alive and engaged, and then thinking about the commonalities these experiences shared. What were the activities, people, and settings that generated the most fun for you?
So, what does fun have to do with retirement? It’s a necessity if you want to get the most enjoyment out of your post-career years.
Financial journalist Brett Arends writes that when it comes to retirement, fun isn’t frivolous. “There is enormous scientific evidence that happiness and well-being are also associated with better health and longer life.”
Just as you’re planning for your financial needs in retirement, you should also be planning for ways to spend time having fun. They go together. And how you plan to spend your days should be part of your conversation with your trusted advisor.
If you ever have any questions about your investments or retirement plans, please feel free to give me a call at 801-545-0696.

Regards,
Mark Lund, Financial Planner
Stonecreek Wealth Advisors, Inc.
11576 S State Street, Bldg. 1002
Draper, UT 84020

Sources:
1. https://www.marketwatch.com/story/when-planning-for-retirement-start-planning-ways-to-have-fun-11635528932
Disclosure:

This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This material was prepared by Efficient Advisors, LLC (“EA’) for Mark Lund, Mark is known as a Wealth Advisor, The 401k Advisor, Investor Coach, Financial Advisor, Financial Planner, Investment Advisor and author of The Effective Investor. Mark offers investment advisory services through Stonecreek Wealth Advisors, Inc. a fiduciary, independent, fee-only, Registered Investment Advisor firm providing investment and retirement planning for individuals and 401k consulting for small businesses. Mark’s newsletter is called The Fiduciary Report. Cities served in Utah are: Salt Lake County, Utah County, Park City, Salt Lake City, Murray, West Jordan, Sandy, Draper, South Jordan, Provo, Orem, Lehi, Highland, Alpine, American Fork. The views expressed herein are exclusively those of Efficient Advisors, LLC (‘EA’), and are not meant as investment advice and are subject to change. All charts and graphs are presented for informational and analytical purposes only. No chart or graph is intended to be used as a guide to investing. EA portfolios may contain specific securities that have been mentioned herein. EA makes no claim as to the suitability of these securities. Past performance is not a guarantee of future performance. Information contained herein is derived from sources we believe to be reliable, however, we do not represent that this information is complete or accurate and it should not be relied upon as such. All opinions expressed herein are subject to change without notice. This information is prepared for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. You should seek financial advice regarding the appropriateness of investing in any security or investment strategy discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. You should note that security values may fluctuate and that each security’s price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Investing in any security involves certain systematic risks including, but not limited to, market risk, interest-rate risk, inflation risk, and event risk. These risks are in addition to any unsystematic risks associated with particular investment styles or strategies.

Category: Blog, The Mark Lund Fiduciary Advisor Report

About the Author ()

Mark K. Lund is the author of The Effective Investor, a #1 Best Seller, and founder of Stonecreek Wealth Advisors, Inc. an independent, fee-only, Registered Investment Advisory firm. He has provided articles for or been quoted in: The Wall Street Journal, The Salt Lake Tribune, The Enterprise Newspaper, The Utah Business Connect Magazine, US News & World Report, and Newsmax.com, just to name a few.  Mark publishes two newsletters called, “The Mark Lund Growth Report” and “Mark Lund on Money.”  Mark provides CPE (continuing professional education) courses for CPAs.  You may also have seen him on KUTV Channel 2, or as a guest speaker at a local association or business. Mark provides investment and retirement planning services for individuals and 401(k) consulting for small businesses. In his book, The Effective Investor, Mark exposes the false narrative magazines, media, big Wall Street firms, and most advisors want you to believe. The good news is that Mark will show you that you don’t need their speculative ways of investing in order to be a successful investor. Get a free copy when you schedule your initial consultation.

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