Five Key Moves for Generation X Before Retiring
As Generation X (born between 1965 and 1980) approaches retirement, planning is more critical than ever. Sandwiched between baby boomers and millennials, Gen Xers have faced unique economic challenges, including the dot-com bubble, the 2008 financial crisis, job changes, and, most recently, the pandemic. These experiences have reshaped retirement realities, making it essential for them to adopt proactive financial strategies. Here are five key moves to consider before hanging up the proverbial work boots: Maximize Catch-Up Contributions At age 50, Gen Xers can make “catch-up” contributions to their retirement accounts, such as 401(k)s or IRAs. These higher contribution limits are [...]
Memorandum #151
Jeff and Ron discuss the state of the economy, inflation, the bond and stock markets, and they outline, in broad terms, their current investments. Read their insights and outlook in their Quarterly Letter. Tony Muhlenkamp writes “Letter to My Daughters: On Financial Freedom” where he offers his fundamental principles that point you in the direction towards financial independence. Link to full PDF: Memorandum #151, April 2024