Many Gen Xers are scheduled to become eligible for full retirement benefits in 2032, just one year before some observers believe that Social Security will run out of assets.
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Potential cuts to Social Security benefits could require Gen Xers to save an additional $27,000 to $79,000 to prepare for retirement, according to Employee Benefit Research Institute Research Director Jack VanDerhei. So reports Financial Advisor.
Many Gen Xers are scheduled to become eligible for full retirement benefits in 2032, just one year before some observers believe that Social Security will run out of assets.