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Will Gen Xers ever be able to retire?
Those born between 1965 and 1980 are the first generation of workers to come of age with 401(k) plans as their primary retirement vehicle after employers shifted away from traditional pensions in the 1980s. They’re known as Generation X, and its oldest members are turning 59 1/2 this month, the earliest age when workers can start withdrawing retirement assets penalty free. But many Gen Xers are not prepared for retirement. Nearly half say it would take a “miracle” for them to be able to retire, according to a new Natixis study. Aimee Picchi of cbsnews.com covers this group in an article that can be read here.
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