Here's the plan: Work 40 years, contribute to a company-sponsored 401(k) plan, retire and begin a life of leisure.

Now, here's how it actually works: Start planning that golf-game-filled retirement at age 61, take a look at that 401(k) statement and realize that those savings won't come close to covering the cost of living another quarter century, let alone even basic healthcare. Then, scrap those plans, and perhaps start thinking about career number two.

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