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GOP lawmakers vent frustration over Trump administration's lack of info on Iran war CNNTensions flare during Iran briefing on Capitol Hill NBC NewsTop Republican attacks Pentagon for not providing details on Iran PoliticoRepublicans in Congress Fret Over Trump Administration's Handling of Iran War The New York Times
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Security guard takes 'full responsibility' for Chappell Roan hotel controversy, confirms he wasn't working for pop star Entertainment WeeklyDid Chappell Roan's Security Make a Young Girl Cry? The New York TimesChappell Roan Speaks Out After Allegedly Leaving Jude Law's 11-Year-Old Daughter "in Tears" E! NewsJorginho slams singer Chappell Roan after 'upsetting situation' ESPN
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Trump administration waives gasoline regulations to address surging fuel prices CNBCEPA moves to ease concerns over rising gasoline prices AxiosTrump administration waives summer gasoline regulations to ease fuel prices CBS NewsE.P.A. Waives Smog Rules on Summer Gasoline in Bid to Ease Prices The New York Times
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Are you thinking of retiring soon? Perhaps earlier than you had planned years ago? A potential hurdle could be the incentives set up by the Social Security Administration - they calculate your benefits to reward you for staying in the workforce.
But if you are looking to take an early retirement, you're not alone.
SEE MORE What If I Retired Today?
In the first 15 months of the COVID pandemic (March 2020-May 2021), about 2.5 million Americans retired. That was about twice the number of people who retired in 2019. This means there were essentially 1.2 million fewer people in the workforce over the age of 55 than would otherwise be expected.
First, find out what Social Security benefits you can expect
For anyone born in 1943 or later, your full retirement age, as defined by the Social Security Administration, is between age 66 and 67, based on your birth year. If you're contemplating retiring before that, it's important to know that the Social Security program has been orchestrated to incentivize beneficiaries to delay claiming benefits. Specifically:
If you start taking benefits at age 62, your Retirement Benefit will shrink by 25% to 30%, depending on your birth year. That's because your lifetime annual benefits are decreased by approximately 8% for each year prior to your full retirement age you start to claim them.Conversely, your lifetime annual benefits increase by 8% for each year past your full retirement year if
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 Kevin Hassett, one of President Donald Trump's top economic advisers, suggested that Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections.
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