The Long View

Kerry Hannon: What Gen Xers Need to Know About Their Retirement Plans

10 snips
Sep 30, 2025
Guest
Kerry Hannon
Kerry Hannon, a senior columnist for Yahoo Finance and author of "Retirement Bites: A Gen X Guide to Securing Your Financial Future," shares insights tailored for Gen Xers navigating retirement. She highlights why retirement planning is particularly tough for this generation due to late savings and caregiving duties. Kerry discusses the benefits of target-date funds and cautions against adding complex assets like crypto to 401(k)s. She emphasizes the importance of skills and flexibility in the workforce while also addressing the emotional side of retirement.
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INSIGHT

Gen X Entered Retirement Late

  • Gen X faced unique retirement headwinds because 401(k)s arrived as they entered the workforce and financial education was limited.
  • They often started saving in their 30s, creating a later runway than younger cohorts with auto-enrollment.
INSIGHT

Sandwiched And Sidetracked

  • Gen X juggled market shocks, caregiving, and debt which eroded retirement confidence.
  • These competing demands left many unsure whether to pay down debt or save for retirement.
ADVICE

Consider Home Equity As Retirement Fuel

  • Recognize home equity as a valuable retirement asset you can tap if needed.
  • Consider housing wealth when assessing retirement readiness alongside savings and investments.
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