Gen X & 401(k): Timing, Tweaks & Retirement Lessons

Gen Xs retirement journey, shaped by the rise of 401(k) plans, highlights the impact of timing and persistence. The shift from pensions to defined-contribution plans, driven by cost-cutting employers and market upside, left Gen X with a challenging retirement landscape. Bad timing, including the dot-com bust and Great Financial Crisis, eroded savings and fostered cynicism about markets. However, home equity gains and the expanding U.S. economy offer opportunities for younger generations. The key takeaway: start saving early and persist, as research shows steady savers are less likely to fall short of retirement goals.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.