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Is Gen X Prepared for Retirement?
  + stars: | 2023-10-12 | by ( Sharon Epperson | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs Gen X Prepared for Retirement? According to a recent report by the National Institute on Retirement Security, most Gen Xers—roughly defined as those born between 1965 and 1980—are failing to meet retirement savings targets. 2050 Wealth Partners Co-Founder & Co-CEO, Lazetta Braxton and National Institute on Retirement Security Executive Director, Dan Doonan explain how advisors can take what they know about this generational cohort and create plans to help them reach their goals.
Persons: Xers, , Lazetta Braxton, Dan Doonan Organizations: National Institute on Retirement Security, Partners, National Institute on Retirement
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLazetta and Associates CEO on weathering market volatilityLazetta & Associates CEO and CNBC FA Council member Lazetta Braxton shares her tips for investing in the market and staying invested through the highs and lows.
Persons: Lazetta Braxton Organizations: Associates, CNBC FA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to adjust your finances for inflation, according to a financial advisorCNBC FA Council member Lazetta Braxton discusses how to prepare for and adapt to inflationary times — as well as how to get creative with side hustles once you're in them.
Persons: Lazetta Braxton, hustles Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancial advisor on estate planning: 'protect your legacy'2050 Wealth Partners co-CEO and CNBC FA Council member Lazetta Braxton often advises clients on how they can carry the passion they have for investing over into their estate planning.
People wait outside the Silicon Valley Bank headquarters in Santa Clara, California, to withdraw funds after the federal government intervened upon the bank's collapse, on March 13, 2023. watch now"The first line of defense should always be cash," said Braxton, who is a member of CNBC's Financial Advisor Council. Without liquidity, SVB couldn't "absorb the shock of the cash run," and had to sell its assets at the wrong time, she said. It's a valuable lesson for investors who may someday face their own cash crunch due to a job loss or another financial emergency, Braxton said. The first line of defense should always be cash.
Ready to start saving? Do it in this order
  + stars: | 2022-03-01 | by ( Beth Braverman | ) edition.cnn.com   time to read: +6 min
Financial experts generally advise saving 10% to 15% of your income, but if that’s not possible right now, start setting aside whatever you can and increase the amount over time. A Health Savings AccountIf you have a high-deductible health plan through work, you might also have access to a health savings account. Money goes in tax-free, grows tax-free, and comes out tax-free if you use it for qualified medical expenses. Max out your 401(k) or other retirement savings accountsOnce you have your basic savings plans in order you can start really boosting your retirement savings. Individuals health plans with deductibles of at least $1,400 are considered to be high-deductible and are eligible for a Health Savings Account.
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