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Wednesday April 16th 2014

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Retirement Planning: Reality Bites for Generation Xers

Generation Xers are struggling more than other age groups with retirement planning. Hit particularly hard by the recession, they are juggling the twin needs of saving for retirement and the immediate needs of raising a family and other major financial obligations such as paying a mortgage. The retirement planning attitudes of those between 30-44 are rooted in this generation’s “Here we are now; entertain us” ethos. It is imperative for Generation Xers to step up their retirement planning as they will face impending Medicare and Social Security shortfalls without the benefit of time that Millennials have for their savings to compound and grow according to a report at Millionaire Corner.