Many Gen Xers are scheduled to become eligible for full retirement benefits in 2032, just one year before some observers believe that Social Security will run out of assets.
Estimated reading time: 0 minutes, 20 seconds
Social Security Cuts May Boost Gen Xers’ Retirement Savings Needs
- Saturday, Feb 21 2015
- Written by PFA News
Potential cuts to Social Security benefits could require Gen Xers to save an additional $27,000 to $79,000 to prepare for retirement, according to Employee Benefit Research Institute Research Director Jack VanDerhei. So reports Financial Advisor.