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Inflation Soared to 3.3% in March, Driven by Higher Gasoline Costs WSJOpinion | Prices Are High. Here's One Reason Not to Panic. The New York TimesOpinion | The skunk at the garden party The Washington PostInflation surges to highest level in nearly 2 years as energy costs spike NPR‘This is very real': Surging gas prices drive inflation to highest level in 2 years Politico
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2026 Masters live updates: Leaderboard, scores, results, highlights and news from Round 3 Golf ChannelMasters 2026 3rd round leaderboard, live updates: Rory McIlroy trying to hold onto his lead Saturday at Augusta National Yahoo SportsRory McIlroy leads by 6 shots to set 36-hole Masters record ESPNAn epic Masters Saturday is required to even slow down the Rory McIlroy Train The New York Times
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Private sector employers added 62,000 jobs in March, payroll giant ADP reported, as annual pay grew 4.5% year over year.
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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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You're getting ready to retire, and you're thinking about your expenses. One expense you'd like to forgo is the premium you pay for the life insurance policy you bought decades ago. The question is: Are your only two options to pay the premiums or cancel your coverage? The answer is no, you usually have other alternatives.
Start assessing your options by first determining whether your policy is a term insurance plan or some kind of permanent insurance with cash values.
Term insurance
Term life insurance is generally the cheapest coverage, but it works like rent. When you're done "renting" the insurance, you leave with no equity. So, if you reach the end of the policy's term — for example, 20 years — you lose your insurance coverage. You still may have some options, though. Some term policies let you renew your coverage. You can continue your insurance, just at a higher premium. Generally, the cost increase is so high it's a deal killer. If you need the coverage, though, it may be worth it.
SEE MORE Other Uses for Life Insurance You May Not Know About
Term insurance policies often have conversion rights, meaning you can convert your term insurance policy into a permanent plan. The good news is this will continue your death protection for the rest of your life, but the bad news is you'll be paying a much higher ongoing premium. While this may sound like a non-starter as you face retirement, it may be a good idea if your life expectancy has been shortened because of a medical condition. The conversion privilege also allows you to change your soon-to-expire term policy into a permanent policy without you having to show insurability - no physicals or bloo
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Under our country's "pay as you go" tax system, Uncle Sam wants to collect his cut periodically throughout the year as you earn income. In most cases, the required taxes are paid through paycheck withholding (your employer sends in the payments). But if you're self-employed, have a side gig, or don't have taxes withheld from other sources of taxable income (e.g., interest, dividends or capital gains), then quarterly estimated tax payments to the IRS are typically required.
SEE MORE 2022 Tax Calendar: Important Tax Due Dates and Deadlines
Estimated taxes are paid in four equal installments — generally, one installment for each quarter of the year. The first payment for the 2022 tax year was due on April 18, 2022, while the second payment was due June 15. The third 2022 estimated tax payment, which is for income earned from June 1 to August 31, is due on September 15, 2022 (that's tomorrow!).
Also, unless you live in a state with no income tax, you might owe state estimated taxes, too. Check with the state tax agency where you live for state estimate tax payment due dates.
Disaster Victims Get More Time to Pay Estimated Taxes
People and businesses impacted by certain natural disasters are typically given more time to file federal tax returns and pay federal taxes. This includes extensions for making estimated tax payments. For the third estimated tax payment for the 2022 tax year, victims o
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