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The average boomer didnt start saving for retirement untilnearly a decadelater, with the average age at 37.
One reason theyrestarting to save earlierthan older generations could be more widespread access to financial information.
Younger Americans also have access to more tools that make saving for the future easier.
Can Gen Z Realistically Retire at 61?
But is 61 a realistic goal age?
Bruno-Barton believes that it is possible to achieve with the proper planning.
If a goal is clearly defined, your financial plan should reflect those goals, she said.
With tax-efficient strategies, its absolutely possible!
Starting earlier gives your money more time to grow, which is a huge advantage.
But retiring at age 61 isnt just a number its a vision.
Bruno-Burton noted that life expectancy is an important piece of the puzzle.
That could look like consulting, mentoring or even finally launching that passion project.
Reliance on fluctuating markets can introduce risk to their savings.
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