Millennials and Gen Zers also expressed sympathy for older workers, citing how they are unable to spend time with their loved ones or enjoy ‘the benefits of their hard-earned money.’
Just as retirees need to take care of their physical health, they also need to monitor their credit fitness.
With about seven to 20 years left before they enter their golden years, Gen X—made up of about 65 million Americans—could be in for a tarnished retirement experience.
Required minimum distributions (RMDs) currently kick in at age 72 for holders of traditional IRAs and 401(K)s.