Three Generations of Retirement Strategies

Posted on 2-20-2020

Millennials, Gen Xers, and baby boomers face different challenges in pursuing retirement goals. This week, Craig Siminski, of CMS Retirement Income Planning, shares an article offering strategies to help address them:

Generational disagreement is a constant of family life, but a recent survey found that millennials, Gen Xers, and baby boomers agree that saving and planning for retirement is a top financial goal.

When it comes to pursuing that goal, however, each generation faces a different set of challenges. Of course, every individual is different, and there is no simple story for a whole generation.

Here are some basic challenges and strategies to address them —


Many millennials entered the workforce during the Great Recession, which gave them a slow start in finding well-paying jobs. About two-thirds of millennials work for employers that offer workplace retirement plans — similar to other generations — but only a third actually contribute to a plan. Many are ineligible to participate in their employer’s plan because they…

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Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 21 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.

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