Скачать или смотреть Gen X Retirement | Own Your Retirement Ep 16

In this episode of Own Your Retirement, host Albert Lalonde, joined by co-host Tony Shore, dives into the unique retirement challenges facing Generation X. Gen Xers, born between 1965 and 1980, are approaching retirement but face a notable gap between what they have saved and what they estimate they’ll need. Albert highlights practical strategies to close this savings gap, including maximizing contributions to 401(k)s, IRAs, and taking advantage of catch-up contributions. They discuss how Social Security timing, rising life expectancies, and lingering economic impacts from the dot-com crash to COVID-19 shape Gen X retirement planning. Albert also provides helpful benchmarks by age to guide savings goals and emphasizes the value of working with a financial professional to craft a customized retirement plan that can support a comfortable, fulfilling retirement.

Timestamps:
• 00:02 – Introduction to Gen X financial challenges
• 03:15 – Survey findings: Gen X’s retirement savings gap
• 06:11 – Impact of economic disruptions on Gen X savings
• 07:22 – Maximizing 401(k) and IRA contributions
• 09:26 – Average retirement savings by age and benchmarks
• 11:56 – Saving targets by age: 30s, 40s, 50s, and 60s
• 13:03 – Role of financial professionals in closing the savings gap
• 17:54 – Social Security strategy for Gen X
• 18:59 – Benefits of delaying Social Security until 70
• 20:03 – Impact of compound interest on savings in your 60s
• 21:48 – New RMD rules and their effect on retirement

📞 Have questions? Need advice? Contact Albert Lalonde at Kaizen Financial Group to set up a consultation today!
👉 Call us at 586-752-7008
👉 Visit us at KaizenFinancialGroup.com
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