Where is Gen X in terms of retirement planning and where should they be?
This year, in 2025, Gen X will be 45 to 60 years old. If we choose 65 as a typical retirement age, then Gen Xers are only 5 to 15 years away from that milestone.
Many are in their prime earning years, but the window for retirement planning is closing quickly. Now is the time to take action. Since so many are already pre-retirees or soon to become one, we would encourage Gen X to work with their financial professional to give their plans for retirement some serious consideration.
Spend time visualizing what you want your retirement to be. Who will you be spending time with? What activities will you want to pursue? Where will you find meaning and purpose? As you develop your vision for retirement, use that as motivation to take the action steps you need to help get you there.