• Gen X

Generation X

We’ve all heard about Baby Boomers and Millennials, but what about “Generation X?”

Generation X was born between the mid-1960s-1980s. They grew up with John Hughes movies in the background: Pretty in Pink, Sixteen Candles, Ferris Bueller’s Day Off, and The Breakfast Club, and asked themselves if they were a brain, athlete, basket case, princess, or criminal.

So, why do we need to start talking about Generation X now? That’s because out of the three larger generations today (Boomers, Gen X, and Millennials), Gen X is the one least prepared for retirement. Gen X is becoming more and more responsible for their own children and aging parents, both emotionally and financially. With this growing responsibility, Gen X is not planning for their own long-term goals and eventual retirement.

Finding a good financial advisor is a great first start. Someone who will work with you toward your goals, whether that’s retiring at age 60 or being able to plan for long-term nursing care. Second, start thinking of how you are going to plan for the unexpected. Whether that is through an estate plan or by other means, Gen X needs to start planning for the “what if’s” of the world. Remember, you don’t need to be a millionaire to have an estate plan, you just need to get started.

Thacker Sleight

grand rapids office  616 888 3810
445 cherry street se
grand rapids michigan 49503

grand haven office •  616 888 3810

saugatuck office  •  269 857 9120

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