In yesterday’s post, we looked at SmartMoney magazine’s coverage of retirement issues in its April issue. That magazine isn’t the only place to find a package of retirement-focused stories in personal finance magazine subscriptions this month. The bi-weekly Forbes magazine also covers
retirement in one of its April issues.
The package starts off with a
story dubbed the “Un-Retirement Guide” because it deals with
transitioning into a new career in retirement–from museum curator to art appraiser, for example. Other stories include investment strategies, and how to check up on your pension benefits–especially if your company changes hands. And here’s something to note: The magazine advises saving paperwork, as in actual paper.
One particularly pertinent story in Forbes advises readers to take measures to protect financial passwords, including determining a way to provide access to electronic accounts and files in case you’re out of commission, incapacitated or worse.
A four-page fold-out section (wrapped in an ad) compares the best and worst places in the country to retire based on taxes, volunteer opportunities, etc. Pros and cons of each city are also mentioned, including factors like crime, humid summers and frigid weather.
For April, two personal finance magazines devote significant chunks of their issues to retirement matters. We’ll preview one today and wrap up tomorrow.
So, let’s start with SmartMoney magazine. Its April cover dominated by a gold watch, this issue discusses what the editors consider to be the five biggest myths about retirement. These aren’t what you think they are, the cover blurbs proclaim. The areas discussed include the necessity of planning to cover what Medicare doesn’t pay immediately or ever; why calculations of your “number”–to borrow language from a popular investment commercial–may be inaccurate; and why you should consider adding bonds to your retirement plan.
Another story in this issue looks at the trend of becoming an expat retiree, a hot topic for a number of personal finance magazines over the last 15 months. This time Panama is the center of the story, and along with stories about learning Spanish, hanging out by the pool and hosting wine tastings, there are points about emergency response, the isolation of the gated communities, and the dangers of buying into unfinished developments.
A final story in SmartMoney’s retirement package talks about nest eggs, specifically how you might need to change how you think about nest eggs to ensure a more economy-proof mix. Appropriately for an April story, this one is illustrated with all sorts of eggs–some cooked in various ways, others covered in gold paint.
Next up: What April’s Forbes magazine has to say about retirement.
There have been tons of stories about financial matters concerning senior citizens, usually focusing on retirement savings and budgets. This month Kiplinger’s Personal Finance magazine talks about a difficult situation facing many seniors–and their adult children: managing money when Alzheimer’s is involved.
In the Kiplinger’s story, Cameron Huddleston leads readers through the often emotionally charged steps of taking over management of a parent’s finances. Huddleston discusses warning signs, ways to bring up the subject when it’s time to make changes, and the importance of preserving dignity.
Things to keep in mind, Cameron says, include remembering that it is the disease, not you, that is taking away your parent’s independence and that if you don’t take action now, your loved one may end up sans funds later in life.
A sidebar to the informative piece explains different types of power of attorney as well as health-care proxies and living wills.
There’s something refreshingly compelling about Kiplinger’s Personal Finance magazine‘s bright, sunny November cover. The cover photo shows a glass pitcher of what might be lemonade with slices of lemons floating about and a large lemon-yellow dollar sign in the center of the concoction.
This month’s cover story is about how to profit in today’s economy. That’s just one of the interesting and potentially useful stories in this issue. Here’s a rundown.
- Fashionable stocks. As in, stocks associated with clothing and accessories stores. Among the recommendations: Fossil, Aéropostale and Coach. Have you ever braved a Coach outlet store, especially when there’s a sale on? I can believe that stock’s on the move. (I, by the way, am the epitome of calm–and speed–at Coach outlets.)
- “Mad Money” madness. An analysis of TV financial adviser Jim Cramer’s tactics, including likening his set to a casino with its bright lights and loud noises.
- Rent party. Getting back to the cover story, one of those ways to turn a profit is to concentrate on the surging rental market as people rethink home ownership.
- Backup plan. Remember last year’s harsh winter? Get ready for possible power outages with this selection that includes a TV, radio, power pack, etc.
- Loan paperwork. This article offers the inside scoop on what you’ll need to qualify for different sorts of loans–home, car, credit cards–and to get the best rates in the current financial climate.
- Reality weddings. Had enough of bridezillas and over-the-top nuptials? You’ll love the “Money & Ethics” column wherein parents ask advice on countering their daughter’s wishes for a blow-out wedding and encouraging the young couple to do something wiser with the money instead. Good luck with that.
Earlier this week multiple media outlets reported the Washington Post Co. reached a deal to sell Newsweek magazine to businessman Sidney Harman, the 91-year-old founder of audio equipment maker Harman International Industries.
The deal ends almost 50 years of ownership by the Washington Post Company, which bought Newsweek in 1961. The magazine was founded on Feb. 17, 1933.
As part of the ownership change, Jon Meacham, the news magazine’s top editor since 2006, will step down. The terms of the deal were not made public, but sources close to the negotiations said Harman has agreed to pay a small amount in cash and to assume tens of millions of dollars in financial obligations.
Newsweek magazine has been struggling financially with declines in its circulation and advertising leading to a nearly $30-million loss in 2009; the magazine expects to lose money again this year.
Of his decision to buy the struggling newsweekly, Harman stated in a press release, “Newsweek is a national treasure. I am enormously pleased to be succeeding The Washington Post Company and the Graham family and look forward to this great journalistic, business, and technological challenge.”