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Social Security Tips for Gen Xers
Kailey Hagen says Generation X workers (aged 43-48 now) should be doing these four things to prepare for retirement: 1.) Remain in the workforce at least 35 years before claiming to avoid any zeros in the benefit calculation; 2.) Do what you can to boost your income now, as that will boost benefits later; 3.) Have a plan for claiming Social Security, with the understanding that waiting until 70 will pay the most; 4.) Be prepared to adapt as necessary because the program is headed for insolvency; program charges are inevitable and will affect Gen X, Millennials, and Gen Z. Full piece here.