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Gen X is completely depending on their own savings for retirement - no pensions like their parents had. They're also sandwiched between aging parents and adult children who need financial help. Meanwhile, healthcare costs in retirement average $172,500 per person. This generation needs to max out every tax-advantaged account available and consider long-term care insurance. You can't rely on Social Security and hope for the best.
Donald Moine, Ph.D., Advisor to Financial Advisors, Top Insurance Agents, Sales Professionals and Company Founders. America's Sales and Marketing Psychologist. Expert Witness. Executive Coach. Speaker. Author.
1dPatrick Mundlin There will be several million Gen Xers who will be receiving pensions: those who work for federal, state or local government, school teachers, professors, fire and police and military.