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

From MarketWatch Retirement: 

Can you still retire on $1 million? That’s what today’s millionaires want to know. There’s widespread confusion about how much people really need to retire. Plus, $1 million isn’t what it used to be.

Retirement and college savings? Not so much. Americans focus on immediate financial worries. Short-term financial stressors like paying off credit card debt and creating emergency funds have taken priority over long-term goals like retirement and college savings, a new study found.

Women need to save more, earlier and invest more aggressively for retirement – here’s why. Women who take time to care for family members are repaid by having their retirement savings cut by up to 35% and possibly ending up in an earlier-than-wanted retirement, a new report found.

Also on MarketWatch:

Eating 400 calories a day from these foods could raise your dementia risk by over 20%

Robinhood launches IRA for gig economy

‘I don’t need the money anymore. If I like a project, I do it.’ Seniors find satisfaction in self-employment

The best gift of all? A financial legacy for a child

Opinion: Retirees, kick your travel plans into high gear with a savvy credit card strategy

If you’re over 72 with an IRA, make sure you do this before the year ends

More in retirement news:

Retirement savings changes are on the horizon. Here’s what they could mean for you (CNN)

Can you afford to retire? (The Economist)

Should You Make a Retirement Contribution Now or Save It for 2023? (Motley Fool)

It’s never too soon to save for retirement. Here are 3 ways Gen Z workers can start now (CNBC)

If You Delay Retirement, You Should Also Delay This (Yahoo Finance)

50% of women say they are behind on retirement savings. Here’s why they face challenges (CNBC)

401(k) ‘hardship’ withdrawals hit record high, Vanguard says — another sign households feel the pinch of inflation (CNBC)

Research and Insight:

Empower (inflation-weary) employees as they struggle to save for retirement (BenefitsPro)

Americans spend less after retirement age: Research (The Print)

Nontraditional Workers Want to Be Able to Save for Retirement (Pew)

Why Cybersecurity for Retirement Plans is More Important Than Ever (PlanSponsor)

Most Americans Value Retirement Planning, Fewer Than Half Appear to Do It (PlanSponsor)

To share with your family, friends and clients:

Are you too old to start over? Don’t underestimate yourself.

Books are ‘one size fits all.’ Here are 30+ titles for all ages to add to your gift list this year.

Do high-cost areas produce lower Social Security replacement rates?

This one great idea can make everyone better with money, older Americans say

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