Kiplinger’s Personal Finance magazine’s February issue has a striking cover image, a split-screen view of a mother and daughter who look so much alike they might be the same woman at different ages. This image–and two others like it inside the issue–illustrates the cover package on retirement.
Topics discussed include saving enough for retirement, working longer and rethinking what retirement means. There’s also a time line charting the development of 401(k)s and the obligatory warning not to depend on Social Security (but that it’s OK to include it in the overall picture).
A couple of good points in these stories:
- Despite what a lot of people think, the tarnishing of Boomers’ golden years is not only due to disappearing pensions, but also due to the way 401(k)s developed.
- Working in retirement doesn’t have to mean greeting people at the local big box store or cleaning tables at a fast-food restaurant; late-life careers might also include tutoring, working in a nursery or as a handyman.
- How to gauge and/or fix your savings plan.
Meanwhile, Kiplinger’s February issue also includes rankings of the top values in public colleges–starting a career sans debt may put you one step closer to a solvent retirement.