Mark Zagurski, a proud Gen Xer, dives into the four critical ages for Generation X (born 1965–1980) in retirement planning: 50, 59½, 62, and 73. As Gen Xers juggle peak earning years with expenses like mortgages and kids’ education, Mark highlights the importance of these milestones. At 50, catch-up contributions allow for boosted retirement savings. At 59½, penalty-free access to retirement funds begins. Age 62 marks eligibility for Social Security, though early claiming reduces benefits. Finally, at 73, required minimum distributions (RMDs) kick in for tax-deferred accounts. Mark emphasizes personalized planning to navigate these milestones effectively.

You’ll learn:

→ How catch-up contributions at age 50 can accelerate retirement savings.

→ Why age 59½ offers greater flexibility for accessing retirement funds.

→ The trade-offs of claiming Social Security at age 62 versus waiting.

→ How RMDs at age 73 impact tax-deferred accounts and planning.

→ Why Gen Xers need a tailored retirement strategy to balance competing financial demands.

“When it comes to retirement, it doesn’t matter where you started, all that matters is where you finish.” - Mark Zagurski

Are you a Gen Xer ready to plan for these milestones? Visit www.makeitpersonalpodcast.com to download our eBook and schedule a no-obligation consultation with a Mutual of Omaha advisor.

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Investing involves risk, including loss of principal.

This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions. Strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.