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Here are 11 things Gen Xers whofeel unprepared for retirementshould do right away.
Its not just about numbers, he said.
Its about confidence in navigating your retirement years without financial surprises derailing your plans.
Rethink Retirements Timing and Structure
Retirement doesnt have to be all-or-nothing, Beams said.
This approach extends earning potential while allowing savings to continue compounding, Beams said.
Its a strategy that also keeps people engaged socially and intellectually factors often overlooked in financial plans.
This includes asking, How much income do you need monthly, and what sources can reliably provide it?
This shift in perspective empowers decision-making that feels actionable, not overwhelming.
This is a critical, often ignored, component of retirement preparedness, he said.
Pursue Nontraditional Income Strategies
Time is the biggest challenge, but its not insurmountable, Beams said.
These options provide immediate financial relief without requiring dramatic lifestyle changes.
Its not too late to take control and thats a powerful realization for anyone on the cusp of retirement.
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