Retirement Weekly: News and analysis for those planning for or living in retirement

United States

From MarketWatch:

What’s the magic number for retirement savings? Americans say it’s more than $ 1 million, but most will fall short of that goal.

Soaring teacher pension debt is consuming education spending

This ‘black swan’ fund took a nearly 25% loss in a stock- and bond-market storm you’ll rarely see

The FIRE movement is tempting, but your early retirement dreams need real money

The best way to boost retirement savings? Keep it simple — and automatic.

2023 has been rough so far. Use it as a wake-up call for your retirement planning.

Social Security is now projected to be unable to pay full benefits a year earlier than expected

More in retirement news:

My Dad Delayed His Retirement by 3 Years Because of Inflation (Business Insider)

Retirement community owners to pay $ 215K to settle housing discrimination complaint (Penn Live)

Why Gen Z Is Saving More for Retirement Than Previous Generations (Barron’s)

Working past the traditional retirement age could be good for your health, but only if you’re rich (Fortune)

3 Types of Tax-Free Retirement Income Worth Checking Out (The Motley Fool)

Research and Insight:

Is Washington State A Good Choice For Retirement? See The Ranking (NewsRadio 560 KPQ)

One in Five Americans Plan to Work Into Retirement, Study Reveals (Plansponsor)

Study Shows Retirees Underestimate Social Security by Nearly $ 2,000 — How To Resolve This Issue (GoBankingRates)

A personality trait tied to stock investing (Center for Retirement Research at Boston College)

To share with your family, friends and clients:

I’m 61 and earned $ 83,200 in investment income last year. Will that affect my Social Security benefit?

I’ll be 60, have $ 95,000 in cash and no debts — I think I can retire, but financial seminars ‘say otherwise’

Why I abandoned my 529 college savings plan and switched to Series I bonds instead

Investors are mad as hell at advisers, and it’s not just market performance that’s to blame

Just made a last-minute IRA contribution before the tax deadline? Don’t stop there.

I’m looking for a place that has year-round mild, sunny weather and is near or on the water, and my budget is $ 125,000 — where should I retire?