The University of Wisconsin’s retirement study on happiness includes the following. Be active, Your Timing and a Steady Income. Being active means being engaged in activities that are physical as well as social. Take up dancing, fishing, cards, attend book club, playing golf, learning pilates or yoga are all excellent ways of having fun. There is 30 percent more happiness when you choose your own retirement schedule as oppose to a company downsizing. Creating a steady income can come from a variety of places, pension, 401K plan, savings, consulting, part-time work or explore income annuities.