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Fans who raised Greenland's flag at US-Denmark hockey game say it was a pro-European gesture PoliticoU.S. men win, keep pace with Canada for top seed at Olympics ESPNBrady Tkachuk, as he always does, jumps into the fray and drags Team USA into the fight The New York TimesOlympics news, live updates: Team USA men's hockey defeats Denmark, Jordan Stolz wins second gold and breaks Olympic record Yahoo Sports
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T.S.A. Workers Brace for Another Shutdown They Didn't Cause The New York TimesWhat services will be affected by the DHS government shutdown? CBS News5 things to know about the shutdown at the Department of Homeland Security NPRHow the Homeland Security shutdown is impacting travel in the U.S. PBSHomeland Security Department shuts
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A partial U.S. government shutdown is underway Saturday, after the House and Senate left Washington earlier this week without providing full funding for the Department of Homeland Security.
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Although you can start collecting Social Security at age 62, you can get much higher monthly payments if you wait as long as age 70. But many people want to or must retire before 70. If you're one of them, consider a possible strategy, backed by recent research, to use your retirement savings to put off receiving Social Security.
Build a Social Security Bridge
New research from the Center for Retirement Research explores retiree appetite for a "bridge" between retirement and collecting Social Security benefits, specifically one where retirees tap 401(k) assets in an amount equivalent to what they'd draw from Social Security on a monthly basis. This stream of payments would continue until age 70 or until the money ran out.
Such an option appealed to a good number of survey respondents; nearly 27% said they'd use it to some extent, even with minimal information about plan details. Among respondents provided with more information on the option, the total climbed to 35%. Researchers also propose a formalized "bridge" plan that employers could offer using 401(k) funds.
SEE MORE Feeling Insecure About Social Security? You're Not Alone.
But why tap those funds? The answer is that any chance to delay collecting Social Security benefits means you'll receive a larger monthly check when you finally do start to draw benefits.
How Much Can You Increase Your Social Security by Delaying Benefits?
As a rule, retirees must decide for themselves when to begin claiming Social Security benefits.
If they can wait to collect, though
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Life Insurance Corporation of India (LIC) has secured approval from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its stake in the IDBI Bank from 10% to 51%.
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