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Retirees show success in replacing pre-retirement income An analysis of tax filings has found that many seniors succeeded in replacing their pre-retirement income after they retired, according to this article on The Wall Street Journal. The median retiree's spendable income is 103% of his or her spendable earnings before retirement, indicating that “spendable income rose for more than half of taxpayers,” the study found. “Most Americans maintain or increase their spendable incomes” after they started collecting Social Security, says one of the experts who conducted the study.
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