Magazines.com Blog

Home & Lifestyle

October 13, 2010

Money Magazine’s Guide to Retirement Planning

money_october2010.jpgI remember the first time I was hit with something akin to age sticker shock. It was when my 401(k) adviser referenced the number of years before I would reach 50. Yikes. While one hopes and plans to reach milestone birthdays, staring at concrete numbers of years before you reach them can be like having a glass of cold water thrown in your face.

That’s exactly the effect Money magazine goes for in its October cover package, Retirement Guide 2011. The idea is to visualize who you will be upon retirement and to start saving accordingly.

Now, any feature about retirement these days is going to hit a depressing note sooner or later; this package, however, seems largely positive with a focus on making up for lost time (or investments).

Topics include:

  • Handling common financial obstacles (health care costs, college tuition bills)
  • Getting back on track after personal or economic downturns
  • Retirement funding checklists for each stage of life
  • Adjusting your retirement vision (working longer, downsizing to a smaller home)
  • Choosing college towns over golf course communities

That last story, with its descriptions of welcoming campuses and smaller-town settings, might just inspire you to boost your 401(k) contribution.



About the Author

Michelle Jones





  • Guest

    nice read!

  • http://seniorliving-sanantonio.com/senior-living-retirement-communities-san-antonio-faq/ Frank Damon

    They included the most important topics – I see. In my opinion, the best way to plan and budget for one’s retirement is to determine those factors that always pop out unexpectedly, like sudden economic turn downs. As much as possible, anyone would want to live the rest of his remaining time with less hassles, right?

  • http://www.sherwood-oaks.com/our-retirement-homes-location-cranberry-pa.shtml Cara Larose

    In my opinion, downsizing your household is also a challenge for modern day retirees, Frank. With today’s ever-growing needs, you simply have to consider every little way you can do in order to cut costs – especially when you’re trying to get the best out of the rest of your life.