From: joetaxpayer 
Newsgroups: misc.invest.financial-plan
Subject: Retirement needs (again)
Date: Fri, 11 May 2007 12:06:53 -0500
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	=68Gs

The Wall Street Journal will publish an article in their weekend edition 
which states pretty much the opposite of the Barron's article we 
discussed here a few weeks back (isn't Barron's owned by Dow Jones who 
also owns WSJ?)

The story, previewed on CNBC, interviewed retirees after the fact (i.e. 
already retired) whose spending averaged, post retirement;

significantly lower 8%
somewhat lower 25%
same 28%
somewhat higher 27%
significantly higher 12%

Looks like a bell centered on 'same', which the interview didn't 
quantify, but logic would say that's 75-80% post tax, SS, and saving for 
retirement. As with any set of data, it's easy to draw whatever 
conclusion you wish. The 'significantly higher' may be the 12% of the 
people who worked so many hours and made so much money they simply 
didn't enjoy them selves and now they realize they may as well spend it. 
It doesn't necessarily reflect that a random 1000 people now would need 
to plan this way.

JOE