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Gen Xers Are Catching Up on Retirement Savings
Kate Stalter of U.S. News reports on those sandwiched between the more populous boomer generation and even more populous Millennials. Gen Xers often find themselves overlooked when it comes to financial planning resources, though retirement is on the horizon for the oldest members of that group, born in 1965. Many are already over age 59-1/2 and can withdraw from retirement accounts without a penalty. This cohort has had more student loans than prior generations and also had to rely on 401k plans and IRAs, since company pension plans have largely been abolished. Full article here.