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The best investment for retirement? Try marital counseling and a home miles away from your kids

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Here’s a radical thought for retirees-to-be: Instead of obsessing over how to squeeze every last drop of return from your investment portfolio, think instead about how to generate the greatest amount of happiness from your accumulated wealth.

The two approaches can lead to some very different decisions, according to work done by Michael Finke, dean of the American College of Financial Services in Bryn Mawr, Pa.