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7 retirement mistakes Gen X is making Although Gen X workers started building their nest egg at age 27 and feel they will need $1 million to support their lifestyle through their golden years, their median retirement savings is only $70,000, a survey finds. But it's not too late for Gen X'ers to do something to improve their retirement prospect, an expert says. First, they need to estimate what their retirement needs really are. They also need to stop tapping their retirement savings for other purposes. Read about these and other mistakes they make, as well as tips on how they can avoid such blunders. -- Forbes

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