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Save $100 on Apple Watch Series 11, plus 28 other Apple Presidents Day deals CNNApple Watch Series 11 Is At Its Lowest Price Ever—Plus 6 Presidents Day Apple Deals Worth Buying Now PreventionGet 25% off the Apple Watch 11 in Presidents' Day deal Creative BloqThe Best Presidents Day Deals Today: AirPods Pro 3, Lost Soul Aside, Ninja Gaiden 4, and More IGNBest of 9to5Toys -
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Eileen Gu says she's disappointed she can't get help with her packed Olympics schedule New York PostView Full Coverage on Google News
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Israel approves proposal to register West Bank lands as ‘state property' Al JazeeraExclusive: Trump says he opposes Israeli annexation steps in West Bank Axios'We are not protected' says Hebron mayor as Israel expands West Bank control BBCWith Gaza in Limbo, Israel Asserts Ownership Rights in West Bank Bloomberg.com
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This is the year that stablecoins are becoming part of the mainstream for online and international payments
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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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