Raised on Prince blasting from their Walkmans and shows like The Brady Bunch, Generation X experienced everything from the disco era to the grunge explosion. Sandwiched between Baby Boomers and Millennials, they are often the forgotten generation, but many Gen Xers are approaching, or have already passed, a key life milestone: turning age 59½.
Reaching this age signals when you can begin withdrawing from your retirement accounts penalty-free. Many Gen Xers hope to retire at 60, which means their golden years are right around the corner. Unfortunately, many are woefully underprepared, and with such a short on-ramp to retirement, Gen Xers might have a hard time recovering from financial mistakes.
