Generation X is facing challenges in saving for retirement, often being overlooked in favor of Millennials and Baby Boomers. The average retirement savings for Generation X households is around $150,000, which is low considering the cost of living. Many Gen Xers are getting closer to retirement and need to have a higher savings level. The high cost of living in cities like Seattle is causing some Gen Xers to consider moving to more affordable areas. It's important for Gen Xers to maximize their 401(k) contributions and consider different investment vehicles to protect their income in retirement. The market has been favorable for older Americans' retirement savings, but it's crucial to have a diversified investment strategy. Predicting interest rate cuts is challenging, but it's important to consider the impact on investments. Paying off high-interest debt is a crucial step in gaining financial insight. In this conversation, Ben and Matt discuss various financial topics related to retirement planning. The hosts emphasize the importance of creating a comprehensive retirement plan that provides peace of mind and addresses individual concerns. Reach out to Ben and Matt at 877-249-6900 or https://soundpathretirement.com/See omnystudio.com/listener for privacy information.

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