GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
That includes diversifying investments and paying off debt toset yourself up for a stable retirement.
With retirement on the horizon, these are the financial habits Gen X should adopt now.
The best place to start is with your employers retirement plan.
Most people hardly notice a 1% change, but over time, it makes a big difference.
Also, consider theRoth option in your 401(k), she said.
Maintain a Diverse Investment Portfolio
Having awell-diversified investment portfoliocan help shield your assets from market swings.
Carrying debt often means having less readily available cash, said Gina Stoddard, chief of staff atBroad Financial.
Implementing adebt reduction strategyis considered essential to achieving financial freedom.
you’re free to invest in this account and save for future qualified healthcare costs, Gammon said.
It also has a $1,000 catch-up contribution opportunity if youre 55 or older and qualify.
In addition, you may want to consider utilizinglife insuranceas part of your legacy planning if youre not already.
it’s possible for you to get great coverage at a reasonable price.
After your kids are done with school, it’s possible for you to cancel the policy.
More From GOBankingRates
Share This Article:
