He’s 61 and Gen X, Retiring Without the Pension. The 401(k) He Built Is Setting Up an RMD Tax Torpedo at 75.
From the article
He is 61, part of the first Gen X wave born around 1965, and the retirement he is walking into looks nothing like his parents’. They had pensions. Steady monthly checks arrived whether the market cooperated or not. He has a traditional 401(k) with a healthy balance built over decades, exactly as he was told ... He’s 61 and Gen X, Retiring Without the Pension. The 401(k) He Built Is Setting Up an RMD Tax Torpedo at 75.
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