Connect with us

Milwaukee, WI

How much money do I need to retire in Wisconsin? Here’s what a new study found

Published

on

How much money do I need to retire in Wisconsin? Here’s what a new study found


Where you live can have a significant impact on how much money you need saved for retirement. And according to a new study, Wisconsin ranks near the middle of the pack in terms of the most and least expensive states for retirees.

Advertisement

Big picture view:

MoneyLion, a consumer finance app and marketplace, examined how much money Americans would need to save each month to retire comfortably in each state. The study weighed factors such as average retiree household expenses, Social Security income and the age at which a person started saving for retirement.

FREE DOWNLOAD: Get breaking news alerts in the FOX LOCAL Mobile app for iOS or Android

Advertisement

The study’s full methodology can be found on MoneyLion’s website.

What they’re saying:

Advertisement

Ted Jenkin, managing partner at Exit Wealth Advisors, told FOX Business that state income taxes and real estate property taxes are two of the biggest expenses that retirees need to look at. Thomas Aiello, National Taxpayers Union vice president of federal affairs, added that taxes are a reason some retirees may move to places like Florida, Texas and Tennessee – which offer no sate income tax or “death” tax.

How much in Wisconsin?

Local perspective:

Advertisement

Wisconsin ranked No. 28 in MoneyLion’s study, which determined someone would need to save $1,096,140 to retire comfortably at age 65. That’s based on a $54,807 average annual cost of retirement over 20 years.

To hit that number, MoneyLion said someone would need to start saving $2,030 per month at age 20 or $2,610 per month starting at age 30.

SIGN UP TODAY: Get daily headlines, breaking news emails from FOX6 News

Advertisement

By the numbers:

MoneyLion’s study also determined the following savings needed to retire comfortably at age 65 (as well as the average annual cost of retirement over 20 years) in neighboring states:

Advertisement
  • Minnesota, No. 25: $1,162,628 ($58,131)
  • Illinois, No. 34: $1,003,326 ($50,166)
  • Michigan, No. 42: $868,526 ($43,426)
  • Iowa, No. 43: $821,180 ($41,059)

Hawaii was the most expensive state for retirees, with $3,132,206 needed to retire comfortably at age 65. The most affordable state in the study was West Virginia, with $664,463 needed to retire comfortably at age 65.

The Source: Information in this story is from the MoneyLion study, which referenced data from the U.S. Census Bureau, Bureau of Labor Statistics and other sources. LiveNOW from FOX and FOX Business contributed to this report.

LifestyleWisconsinNewsMoney
Advertisement



Source link

Milwaukee, WI

Banana Ball brings sold-out crowd and hometown connections to Milwaukee

Published

on

Banana Ball brings sold-out crowd and hometown connections to Milwaukee


MILWAUKEE — On Saturday night at American Family Field, nearly every seat was filled, but the crowd wasn’t there for the Milwaukee Brewers.

Thousands of fans packed the ballpark as Banana Ball, the fast-paced baseball and entertainment phenomenon popularized by the Savannah Bananas, brought its traveling show to Milwaukee.

The event featured the Party Animals and Loco Beach Coconuts, two teams in the six-team Banana Ball Championship League.

For many fans, the attraction goes beyond baseball.

Advertisement

“It’s the music, the dancing, and a lot of things for families,” said Sue Liegeois of Muskego, who attended with family members visiting from Michigan.

Liegeois said she became a fan after watching on TikTok and then attending a Banana Ball event in Franklin in 2023.

“The first time I went, I was hooked,” she said.

TMJ4 News

Banana Ball fans.

Banana Ball has built a national following through viral social media content and its fan-focused approach to the game.

Advertisement

The Milwaukee stop also featured local connections on the field.

Brady Kais, a southeastern Wisconsin native and pitcher for the Party Animals, said playing in front of family and friends at a major league ballpark was a special experience.

“It’s unbelievable being able to see my friends, family — everybody I’ve seen throughout my whole life,” Kais said.

Kais attended Greendale High School and later pitched for the Lake Country DockHounds in Oconomowoc before joining the Banana Ball tour.

“Growing up, Banana Ball wasn’t a thing, so I definitely never thought this would be something I’d be a part of,” Kais said. “But once I saw it, I knew I needed to be involved.”

Advertisement
Untitled design - 2026-06-06T220315.925.png

TMJ4 News

Left: Brady Kais. Right: Erik Ostberg.

On the opposing side, Loco Beach Coconuts catcher Erik Ostberg also has ties to southeastern Wisconsin.

Ostberg spent two seasons with the Milwaukee Milkmen before joining Banana Ball and said his time in the area helped shape his career.

“The people here are great. A lot of the people here helped build me up, and I’m very thankful for the Milkmen and Milwaukee,” Ostberg said.

The event also drew young baseball players eager to see the unique version of the game in person.

Advertisement

“It inspires little kids to have fun and follow their dreams,” said Nelson Damrow of the Concordia Lakeshore Jr. Chinooks baseball team.

For longtime fans like Helen Evans, who traveled from South Carolina, sharing the experience with newcomers is part of the appeal.

“To share this with people who’ve never been able to experience it is almost as good as going to the game yourself,” Evans said.

The Loco Beach Coconuts defeated the Party Animals on Saturday night. The teams return to the ballpark Sunday for a second sold-out game





Source link

Advertisement
Continue Reading

Milwaukee, WI

Here’s how much rain fell in Milwaukee area on June 5?

Published

on

Here’s how much rain fell in Milwaukee area on June 5?


play

After its driest May on record, Milwaukee just got hit with its heaviest day of rain since early April.

Advertisement

Between morning showers and evening storms, Milwaukee logged 1.42 inches on rain on June 5, according to the National Weather Service Milwaukee. That’s Milwaukee’s most precipitation in a day since April 2 and nearly four times what fell in the city for the entire month of May, which received a total of just 0.36 inch.

The rain fell as part of a statewide weather pattern on June 5, as severe weather alerts launched the weekend for several counties in south-central Wisconsin. Tornado warnings were issued in Green Lake, Dodge, Fond du Lac and Columbia counties with the final warning expiring at 10:30 p.m.

Andrew Quigley, a meteorologist at the NWS Milwaukee/Sullivan office, said there were no confirmed tornadoes in south-central Wisconsin yesterday. However, there was some severe weather inthe western half of the state.

In Juneau County, the NWS received reports of 60 mile-per-hour winds and damage to barns, said Jeff Boyne, a meteorologist at the NWS La Crosse office. There was also a report of a tornado in Buffalo County, though the NWS has not yet confirmed it.

Advertisement

How much rain did the Milwaukee area get on June 5?

Quigley said southern Waukesha County and southern Milwaukee County turned in the day’s highest totals with anywhere from 1 inch to 1.5 inches of rain, on average. Other suburbs in the Milwaukee area averaged from a half inch to 0.9 inch of precipitation.

“[It’s] some beneficial rain,” Quigley said. “I know some were probably going to be looking for a little bit more than that, but it’s a good start.” 

The National Weather Service has a volunteer monitoring system for rainfall, which is updated each morning. Here are southeastern Wisconsin’s rainfall amounts in the 24-hour period as of 9:30 a.m. June 6.

  • Lake Geneva: 0.44 inch
  • Wauwatosa: 0.69 inch
  • Menomonee Falls: 0.69 inch
  • Mequon: 0.52 inch
  • Waukesha: 0.71 inch
  • Jefferson: 0.72 inch
  • Oregon: 0.87 inch
  • Burlington: 0.92 inch
  • Racine: 1.06 inches
  • Greendale: 1.37 inches
  • South Milwaukee: 1.44 inches
  • Cudahy: 1.72 inches



Source link

Advertisement
Continue Reading

Milwaukee, WI

Brewers score 8 late runs, stun Rockies 9-7 in wild 10-inning victory

Published

on

Brewers score 8 late runs, stun Rockies 9-7 in wild 10-inning victory


DENVER (AP) — Jake Bauers hit a two-run double in Milwaukee’s four-run 10th inning after Andrew Vaughn’s pinch-hit two-run single capped a four-run ninth and the Brewers held on to beat the Colorado Rockies 9-7 on Friday night.

Milwaukee scored eight runs in the final two innings after going hitless from the second through the eighth innings. The Brewers won for the first time this season when trailing after eight.

Trevor Megill (1-2) blew the save, but got the win for the Brewers. Aaron Ashby allowed two runs — one earned — on Sterlin Thompson’s bases-loaded single in the 10th before getting Brett Sullivan to ground into a double and striking out Jake McCarthy to end it.

Juan Mejia (1-5) got just one out and gave up four runs — three earned — to take the loss for the Rockies.

Advertisement

Colorado took a 3-1 lead into the ninth after Ryan Feltner allowed one hit and a run through six innings and Jaden Hill pitched a scoreless seventh.

Antonio Senzatela struck out the side in the eighth before coming back out for the ninth. He gave up a leadoff single to Brice Turang, then threw wide of second going for a double play after snagging a comebacker from William Contreras.

Bauers followed with an RBI single and Sal Frelick doubled in the tying run before Vaughn’s single made it 5-3. Turang’s hit was the first for the Brewers since Bauers doubled in the first inning.

Chad Stevens walked to force in a run against Megill in the ninth, and Hunter Goodman hit a sacrifice fly to tie it at 5.

Goodman hit his 16th homer, a solo shot in the third to make it 3-1. Willi Castro had a two-out double, but Frelick made a diving catch in right on a sinking liner by Ezequiel Tovar to save a run and end the inning.

Advertisement

Brewers starter Brandon Sproat allowed three runs and seven hits in five innings. He was relieved by Brian Fitzpatrick, who threw a scoreless sixth, came out for the seventh and was throwing warmup pitches when he reacted in pain and grabbed his left arm. Brewers manager Pat Murphy told reporters after the game that Fitzpatrick, promoted before the game, would have an MRI but “it doesn’t look good.”

Up next

Brewers RHP Jacob Misiorowski (6-2, 1.65) starts Saturday opposite Rockies RHP Tanner Gordon (0-1, 6.37).

___

AP MLB: https://apnews.com/hub/mlb

Advertisement





Source link

Continue Reading
Advertisement

Trending