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5 biggest financial mistakes Gen X and Gen Y make

(By – Robert Powell, MarketWatch)

Like anyone, those in Gen X and Gen Y can’t always avoid making mistakes with their money. But there’s plenty they can do to correct mistakes, especially because most of them have enough time — Gen Xers are those born between the ‘60s and the early ‘80s, and Gen Y folks and millennials, born between the early ‘80s and the early 2000s.

So we asked some financial-planning experts what mistakes people in these age groups are making, particularly in regard to their retirement planning, and what they can do about it.  Read more…

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