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People who have the skills to manage their health generally have the skills to effectively manage their finances.
Unfortunately, many Gen Xer’s feel stressed about their finances. About 75% make more money than their parents, at the same age, but they face more financial challenges.
Many Gen Xers are pessimistic about their financial future and feel they are falling behind in preparing for retirement.
Target date funds are not customized to your situation, everyone is treated the same based on age. The allocation of the fund does not take into consideration other financial considerations in your life and your tolerance for risk.
Waiting to take Social Security at 70 provides a form of longevity insurance against this risk.
In most cases, to qualify for survivor benefits you must have been married for at least nine months. If you remarry before age 60 you cannot draw survivor benefits; however, you can regain eligibility if the marriage ends.