A physicist, a chemist, and an economist are stranded on an island, with nothing to eat. A can of soup washes ashore. The physicist says, "Let's smash the can open with a rock." The chemist says, "Let's build a fire and heat the can first." The economist says, "Assume a can opener."

Are you in Linda Logan situation?

Linda Logan writes, "I have been amazed at how little it takes to live on if everything is already paid for. We're no longer saving for retirement, and we don't owe income tax. Our $46,288 income is way more than enough to cover necessities and more discretionary spending than we've ever done in our lives. Our nest egg just sits there, growing unmolested. The survivor may need to tap the nest egg when one Social Security income stream is gone, but for now we are more than fine."
Admittedly, Logan retired debt-free, which is uncommon. Most future American retirements will not begin with that advantage. Nor, I grant, will $46,288 in annual income--even debt-free--satisfy every reader's needs. (Yes, I've read the comments on previous columns.) But acknowledging that many retirements will not be as comfortable as Logan's, and that some may have higher goals yet, is not acknowledging an impending retirement crisis. When have things ever been otherwise?

http://news.morningstar.com/articlenet/article.aspx?id=655232&SR=Yahoo