Retirement Planning for Generation X

What should Gen X being doing right now as they inch their way closer to retirement age? We talk through what decisions you might have and how to make the most of them.

Have some extra cash and want to gain a guaranteed return? I bonds are about to go from 7.2 percent to 9.6 percent. There are some stipulations, but is this a good idea to combat inflation? Brian says it’s not going to move the needle enough for most people. Remember, you won’t be able to get to the money for a year.

Baby Boomers make up the majority of retirees, but Gen X is coming up next. How much should Gen X have in their retirement accounts and when should they reach out to a financial advisor? Some have already met with Brian. Across their investable assets, Brian says they should have at least half a million or be aggressively saving at this point.

There are so many decisions that Gen Xers are making right now, which can help retirement be a success. You want to make these financial decisions before you are ready to retire. Are you factoring in taxes? Working with an advisor can help you determine the best way to invest and how to make the most of the time and resources you have now.

Listen to the entire episode or skip ahead using the timestamps below.

Honest Takes:

[0:12] Should you buy I bonds?

[3:13] When should Gen X be reaching out to a financial advisor about retirement?

Today’s Truth:

“Gen Xers are great because they still have a lot of decisions to make with retirement, pensions, 401(k)s that they need to invest in.”

Brian Bowen


The Host:

Brian Bowen – Contact