Who is smarter: someone who was frugal, saved a lot of money, retired and died or someone who kept spending everything, got whatever he could get for the money, retired and died with 0 in savings?
Unless they can predict the future accurately (I don't know anyone who can), the first guy. The second guy had a lot of potential scenarios where he was destitute for the 10 years before he died.
Also, the second guy probably didn't do the world any favors with his resource footprint, given equal earnings. As a parent, I kind of care a lot about that.
Also, the second guy probably didn't do the world any favors with his resource footprint, given equal earnings. As a parent, I kind of care a lot about that.