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Five steps for Gen Xers turning 50 People born between 1965 and 1980 --known as Generation X-- will be the first generation that failed to do as well as their parents on an inflation-adjusted basis, writes Ted Jenkin, co-CEO and founder of oXYGen Financial, in The Wall Street Journal. They face a number of challenges as they get close to retirement age, Jenkin says. As the oldest Gen Xers start turning 50 this year, they are advised to make financial moves to improve their retirement prospects. In a nutshell, the five tips are: 1) Pay off your house; 2) Take the kids off the payroll; 3) Decide which sibling will be the ring leader for issues with parents; 4) Save one-third of every raise and bonus going forward; 5) Take care of your health. --The Wall Street Journal
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