Generation X faces challenges in saving for retirement, and they are often compared to Jan Brady, the middle child of the Brady Bunch. The oldest Gen Xers are turning 59 and a half, the earliest age to start withdrawing retirement assets without penalty. However, many Gen Xers feel unprepared for retirement and worry about the future of Social Security. The average savings of Gen X households is around $150,000, which falls short of their goal of $1.1 million. To boost retirement savings, it is important to save enough, diversify investments, and consider options like Roth IRAs, non-deductible IRAs, and real estate. In this conversation, Jeremy Nelson and Gary Nolan discuss various financial topics related to debt management, investing, and retirement planning.. They highlight the importance of diversification and having a balanced portfolio. Finally, they address common retirement scenarios and provide advice on navigating issues such as required minimum distributions and convincing a spouse about retirement possibilities.
Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/
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