Tips for Generation X on Enhancing Retirement Savings and Social Security Benefits

Thursday, 20 June 2024, 13:59

Generation X individuals can improve their retirement funds by working longer and delaying Social Security benefits until age 70. By employing these strategies, they can catch up on their retirement savings and ensure a more secure financial future. Taking proactive steps now can lead to a smoother transition into retirement.

CNBC — Tips for Generation X on Enhancing Retirement Savings and Social Security Benefits

Strategies for Boosting Retirement Savings

Generation X individuals can work into retirement age and delay Social Security benefits until 70 to help boost their savings.

Key Points:

Working Longer: Extending the work years can increase retirement funds.
Social Security Benefits: Delaying benefits can lead to higher payouts.
Secure Financial Future: Proactive steps now can ensure a smoother retirement transition.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Strategies for Boosting Retirement Savings

Key Points:

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