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‘Would we have to forget about those benefits and live off of other income?'
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Feel like society and the environment are beginning to break down? There's an ETF for that.
Newday Impact's Sustainable Development Goals ETF (SDGS) delivers a growth-oriented product that promotes dual impact, promising to advocate for environmental and social improvements and donating 10% of revenues to global youth education and skills development programs.
American Dystopia
Partnering with a veritable who's who of progressive economists, scientists, and non-profit organizations, the firm's investment criteria rests on a sophisticated analysis of global ills and solutions. This approach may turn off investors who disdain concepts like decarbonizing the economy, but should resonate with anyone who feels like Mad Max may just drive down Mainstreet, U.S.A. any day now.
Though the problems are global, the U.S. is a great place to focus on these daunting problems, according to Newday's President, Anne Popkin. "It doesn't matter what side of the political spectrum you're on," said Popkin. The U.S. has "food inflation, heat waves, rising tides in the south, and fires in California. It's all happening here."
Limits to Growth
The ETF's rationale is based on the belief that the planet's ability to withstand human impact on the environment is limited. When these limits are exceeded, we are said to have gone beyond the "planetary boundaries" of the earth. In fact, several resources, like forested land—central to food, fuel, clean water and air—have already been pushed beyond a safe limit of use.
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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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