Gen X, Like Jan Brady?
Your Retirement With Sam Duell
English - June 28, 2024 18:00 - 49 minutes - 45.7 MBBusiness Education 401k 403b care invest medicare risk volatility adviser advisor bond Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Generation X is facing challenges in saving for retirement and is often compared to Jan Brady, the middle child of the Brady Bunch. Many Gen Xers are starting to turn 59 and a half, which is the earliest age to start withdrawing money from retirement assets without penalty. However, Gen X has been overshadowed by the attention given to millennials and baby boomers, resulting in a significant gap in their ability to save enough for retirementDual Financial Strategies can provide personalized retirement lifestyle reviews and guidance to help individuals plan for retirement. In this segment, the hosts discuss where to go for financial insight and offer tips for getting started with the help of a financial professional. They emphasize the importance of paying off high-interest debt before focusing on savings. They distinguish between good debt (income-generating) and bad debt (credit card debt with high interest rates). They also discuss the need to assess risk tolerance and ensure that investments are aligned with individual goals. Finally, they explain the basics of a 401k and a pension as employer-sponsored retirement accounts.
Reach Duell Financial Strategies at 800-203-7486.
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