This is a new question that is being raised; with inflation and spending not being linear, will retirees actually be spending a lot less than previously thought and can they retire on a reduced income stream? This posting in CNNMoney by Jean Chatzky goes through the nuts and bolts of retirement, plus the discovery that on average a lot of retirees can live on twenty percent less than originally thought:

http://finance.fortune.cnn.com/2014/01/06/jean-chatzky-retirement/

The article ends with a good train of thought; everyone is different and things change. The planning discussed in the posting is going to be an ongoing thing so you always know where you are financially: no setting and forgetting! You have to be proactive and keep an eye on things to make sure you really do have enough money to retire comfortably. Tough to go back to work in your seventies; maybe you will have to make that additional trip to Vegas to get your retirement income for the month (just kidding – please don’t do that!)

For financial, accounting and tax musings,