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Gen Xers are on the cusp of retirement—but most have only saved 10% of what they'll need

- Fortune

With the combined stressors of family, work, and retirement on the horizon, "55-year-olds face the most significant mental and emotional health challenges, particularly if they are financially insecure," Prudential finds. Those 50-plus can save more for retirement, if they are able. While the standard contribution limit for 401(k)s is $23,000 this year, the catch-up limit is $30,500. For IRAs, the 50-plus contribution limit is $8,000 this year as opposed to the standard $7,000.