Three Gen X Retirement Mistakes for Millennials, Gen Z to Avoid

Many Gen Xers haven’t prioritized saving for retirement and face a crisis as the first generation to retire without substantial support from pension plans.

A young woman looks at her phone.
(Image credit: Getty Images)

Dear Millennials,

To steal a phrase from my generation, please “do as we say, not as we do.” If you’re between the ages of 28 and 43, studies suggest you’re not likely prioritizing retirement planning. This isn’t groundbreaking news — the generation before you (Generation X) didn’t prioritize retirement savings when they were your age and, as a result, is now staring down a retirement savings crisis.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Tiffani Potesta
Chief Strategy Officer and Head of US Client Group, Schroders

As Chief Strategy Officer for North America and Head of the US Client Group for Schroders, global asset manager with $923.1B in assets under management, Tiffani’s role involves ensuring alignment of the firm’s key divisions and strategic offerings. As Head of the US Client Group, a dedicated team of 80-plus professionals across sales, business development, product, marketing and client experience, Tiffani’s position is crucial to the growth and development of Schroders’ North American business capabilities and clientele.