Gen X: Late Start? Do This Next 5 Years

Описание: 🚨 New surveys reveal 69% of Gen Xers feel behind on retirement savings, with two-thirds having less than $100K saved. If you’re stressed about retirement, this video is your roadmap.

In this video, you’ll learn how catch-up contributions can add $175K to your retirement in just 5 years, why delaying Social Security could be worth $115K+ over your lifetime, the “lifestyle rehearsal” strategy that saves $70K while preparing you for retirement, strategic career extension tactics that don’t require grinding at a job you hate, and how to demolish high-interest debt before it kills your retirement dreams.

💡 Key takeaways: Max out 401(k) catch-up contributions at age 50 ($7,500/year extra), delay Social Security to age 70 for 8% increase per year, consider strategic part-time or consulting work to bridge the gap, attack high-interest debt aggressively (18% interest is retirement poison), and practice living on your retirement budget NOW to test reality and save more.
Whether you’re 45 or 60, it’s NOT too late to turn your retirement around. These five strategies are backed by financial data and designed for late starters.

💬 COMMENT BELOW: Which of these strategies are you implementing first? What’s your biggest retirement concern?

📌 TIMESTAMPS:
00:00 - Hook and Title
00:48 - Setup and Promise
02:09 - Strategy 1: Catch-Up Contributions
03:31 - Strategy 3: Strategic Career Extension
04:30 - Strategy 4: Destroy High-Interest Debt
05:34 - Strategy 5: Lifestyle Rehearsal
06:57 - Advisors and Actionable Close
08:17 - Final Motivation and CTA

📊 RESOURCES MENTIONED:
• BankRate Gen X Retirement Survey
• Cerulli Associates Gen X Confidence Study
• IRS 401(k) Contribution Limits: www.irs.gov
• Social Security Benefits Calculator: www.ssa.gov

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📱 MORE FROM FIFTY CENTS OF ADVICE:
Hello, I’m Ernie Bryan, a proud member of Gen X. Welcome to Fifty Cents of Advice — the YouTube channel built for Gen Xers and Boomers who want practical financial strategies that work after 40.

Whether you’re facing Gen X retirement mistakes, wondering how to plan for retirement at 50, or tackling debt with the snowball vs avalanche payoff method, we’ve got you covered. We delve into the biggest retirement planning errors and myths surrounding Boomer retirement, and show you how to live below your means using the 70 percent rule and the best budget system after the age of 40.

💬 “You’ve earned your money — now let’s make sure it earns for you.”

💡 Expect bite-sized financial tips, relatable stories & timeless lessons, plus tools to build wealth, protect what you’ve earned, and enjoy peace of mind.

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⚠️ DISCLOSURES:
Affiliate Disclosure: Some links in this description may be affiliate links, which means I may earn a small commission at no additional cost to you if you make a purchase through them. This helps support the channel and allows me to continue creating free content. I only recommend products or services I personally believe in and think will add value to your financial journey.

Content Disclaimer: This content is for educational and entertainment purposes only and should not be considered financial, tax, or legal advice. Always consult with a qualified tax professional or financial advisor before making decisions about your retirement accounts, Social Security, or financial strategy.