Shyam (and others), would be interested in your thoughts on this
approach.
http://www.wsj.com/articles/how-to-get-more-pleasure-out-of-
retirement-spending-1473645961
Ideally, money is not the only scare resource one has to allocate in
retirement: there's also time.
There are many pursuits where willingness to be awful for a short
while at first eventually pays back with an upward slope (granted,
likely with several plateaus) of mastery.
Some of these pursuits even allow one to apply that mastery to
increase derived pleasure without increasing spending.
-Dave
Le Guin, "The Dispossessed":
And then there is challenge. Here you think that the incentive to
work is finances, need for money or desire for profit, but where
there’s no money the real motives are clearer, maybe. People like
to do things. They like to do them well. People take the dangerous,
hard jobs because they take pride in doing them, they can — egoize,
we call it — show off? — to the weaker ones. Hey, look, little
boys, see how strong I am! You know? A person likes to do what he
is good at doing…
