The oldest members of Generation X reach 60 this year. Yet most have much less than $300,000 saved for retirement, while also carrying more student loan and credit card debt than any other generation. Robert Brokamp discusses the challenges and solutions with Kerry Hannon, co-author of Retirement Bites: A Gen X Guide to Securing Your Financial Future.
Also in this episode:
-Stock market valuations are high, but there are reasons to believe the bull market can continue
-Unused 529 college savings money can be transferred to a Roth IRA and not be subject to federal taxes (if done right). But what about state taxes?
-Recent reports from Vanguard and J.P. Morgan Asset Management have sobering projections for U.S. stocks over the next 10 to 15 years
-Over the holidays, eat, drink, be merry, and discuss estate planning with your family
Host: Robert Brokamp
Guest: Kerry Hannon
Engineer: Bart Shannon
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