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With all the M&A activity in public accounting today, buyers and sellers alike will benefit from Cringe, a new agentic AI matchmaking app,
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Also in today's newsletter: SpaceX kicks off largest IPO process in history, and Saudi Arabia bridles at Trump's handling of Iran war
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World's oldest known tortoise, Jonathan, still alive despite reports of death bbc.comWorld's oldest tortoise caught in viral crypto death scam The GuardianWorld's oldest known land animal, Jonathan the tortoise, still alive at nearly 200 USA TodayWorld's oldest known land animal dies at 193 mlive.com
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Apple is about to turn 50. In its early days, Steve Jobs was focused on solving a tech problem that still resonates today.
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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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