How Pre-Retirees and Retirees View the Future

How Pre-Retirees and Retirees View the Future
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Anne Johnson
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When thinking about retirement, it all comes down to finances. After all, there’s a particular lifestyle that people have become accustomed to. A lot of emotional and financial planning goes into retirement.

Most baby boomers are already there. So, how’s retirement for them? And what about the Generation X group? They’re planning retirement. How are their finances, and what do they need to do?

How Retirement Has Been Traditionally Financed

Many financial advisors previously recommended the three-legged stool approach when planning for retirement: Social Security, pensions, and personal savings. Pensions have since been replaced by 401(k) plans and individual retirement accounts (IRAs).
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.
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