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Given their overall poor financial health, its no surprise that Gen Xers have serious reservations about retirement.
How can they overcome these fears andget on the right track so that they can comfortably retire?
This is a valid fear.
A far cry from the approximate $1.5 million estimated to be what is needed for a comfortable retirement.
One way to overcome this fear is to annuitize some of your retirement savings, Johnson said.
Annuities too often get a bad rap.
They can provideguaranteed income and peaceof mind to the retiree.
This is another valid fear.
All of us, not just Gen X, must acclimate to the idea that Social Security isnt enough.
They are in denial about how the standard of living that Social Security will provide them.
The option to continue working may not be there.
So, the pressure to aggressively save and invest for retirement is on.
This too is a valid concern, which is why diversified investments that hedge against inflation are so important.
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