Reported 8 months ago
Fidelity data reveals Generation X workers have achieved higher 401(k) balances than Baby Boomers, signaling a positive trend for retirement savings. Despite this milestone, concerns about retirement adequacy remain for Gen X, often considered the 'forgotten' generation wedged between Boomers and Millennials. While some are saving diligently, research suggests that many Gen Xers may not have enough saved for retirement. Strategies recommended include maximizing retirement savings, seeking professional advice, and factoring in rising healthcare costs.
Source: YAHOO