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Gen X and thinking about retirement? You’ll need $2.5 miilion

Michael Douglass, writing for The Motley Fool, notes that those in Generation X (those born roughly mid 1960s to early 1980s) are going to need $2.5 million in retirement.  This is a large sum, but one must consider inflation ($2.5 million would buy $1 to $1.5 million 20-25 years from now) as well as how long retirement will run (people are living much longer).  And of course there is the cost of health care.  Read more…

The Association of Mature American Citizens (AMAC) has developed a bipartisan compromise bill, titled “The Social Security Guarantee Act”.  One of its several components is Social Security PLUS, a new yet voluntary early retirement plan that would allow all earners to have more income available at retirement.  Learn more about AMAC’s Social Security Guarantee here…
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