Retirement bites? Almost half of Gen Xers say they'll need a miracle to retire.

Retirement bites? Almost half of Gen Xers say they'll need a miracle to retire.

Article Excerpt: "...The oldest members of Generation X are turning 59 1/2 this month, the earliest age when workers can start withdrawing retirement assets without a penalty. But many Gen Xers are far from prepared for their golden years, with almost half saying it would take a "miracle" for them to be able to retire, according to a new Natixis study. Gen X — people born between 1965 and 1980 — is the first generation of U.S. workers to come of age with 401(k) plans as their primary retirement vehicle after employers largely shifted away from traditional pensions in the 1980s. ..."

Resource: www.cbsnews.com

Destruction of the Social Security Recipient,

As Gen X-ers Inch Toward Retirement, They’re Considering Where to Live

As Gen X-ers Inch Toward Retirement, They’re Considering Where to Live

Article Excerpt: "...Gen X is typically defined as those born between 1965 and 1980. Its oldest members are several years away from retirement, but they are already starting to think about where they will live in their 70s, 80s and even 90s.

The desire to grow older in one’s own home — rather than having to move in with family or to a retirement home — is common among many generations. In 2021, 88 percent of older adults, defined as people at least 65 years old, lived in their own home, according to a report

“Overall demand is for maintaining quality of life as you age,”..."

Resource: www.nytimes.com