Prepare Gen Xers for retirement

Retirement is getting closer for Generation X, but many aren’t ready. How can you help them prepare and gain confidence?  

Gen X: Feel ready for retirement?

Did you know the oldest members of Generation X are about to enter their late 50s?1 Since 2011, the percentage of Gen Xers who are undecided about the age they want to retire has decreased by 50%.2 But can they make it happen? See how they responded to a recent survey. 

Gen X isn’t ready for retirement

Gen Xers lack retirement confidence.

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Many struggle with everyday finances.

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Most have low retirement plan balances, despite half of them expecting their retirement savings to be a major source of income.

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Gen Xers need retirement planning help

Most feel they lack financial knowledge.

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Help Gen Xers retire successfully!

Underprepared and lacking knowledge, Generation X could use your help.
 

  • Deliver straightforward education, including a recommendation for how much they should be saving to meet their goals.
  • Help them create a realistic retirement savings strategy to help them gain the confidence they lack.
  • Help them plan for retirement healthcare expenses, including long-term care.
  • Educate them about Social Security, and explain why they’ll still need supplemental income.                                                    

Talk with your Lincoln representative to see how we can work together to help Generation X get ready for the future.
 

1Insured Retirement Institute, Don’t You (Forget About Means): Third Biennial Study on the Retirement Readiness of Generation X, 2016. Generation X is defined by IRI as those born between 1962 and 1981.
2Ibid. 
2Ibid. 
3Ibid. 
4Ibid. 
5Ibid. 
650% stat - SBI MacroMonitor 2014-2015. 
7Insured Retirement Institute, Don’t You (Forget About Means): Third Biennial Study on the Retirement Readiness of Generation X, 2016. 
8Ibid. 
9Ibid. 
10Ibid.