3 Investment Tips for Gen Xers Who Don’t Think They’ll Ever Retire

Core Insights - Generation X exhibits a pessimistic outlook towards retirement, with over half of respondents in a Northwestern Mutual study feeling unprepared financially for retirement [1][2] Investment Strategies for Gen X - To improve their retirement readiness, Gen Xers are encouraged to develop solid investment habits and prioritize their own financial well-being [2][4] - Robert Varghese, head of investments for Groundfloor, emphasizes the importance of focusing on 401(k) plans and IRAs, including traditional, Roth, and self-directed accounts, to maximize retirement savings [5] - Gen Xers should take advantage of employer matches on 401(k) contributions to enhance their retirement funds [5] Education Funding and Family Conversations - For those concerned about funding children's college education, contributing to a 529 plan is recommended due to its tax advantages [6] - Gen Xers may need to engage in difficult discussions with elderly family members regarding medical directives, care types, and estate planning to better manage their own financial and personal needs [6]