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1 dead, 6 hurt in Chick-fil-A shooting in Union Township, N.J., investigators say - CBS New York CBS NewsReports of multiple people shot inside Chick-fil-A in Union, New Jersey; investigation ongoing ABC7 New York1 dead, 6 injured in mass shooting at Chick-fil-A in New Jersey The Morning Call
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Traders price in almost 50% chance of higher borrowing costs by October, in potential blow to Trump's calls for cuts
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Ken Pomeroy, college basketball statistician and founder of KenPom, joins Wharton Moneyball to break down tempo-free efficiency ratings, the four factors (shooting, turnovers, rebounding, and free throws), and how he evaluates prediction accuracy and calibration across a full season. Plus, Eric, Shane, and Adi discuss what caught their eye in sports — from World Baseball Classic odds and preseason workload questions to tennis dominance and what makes today's stars so statistically extraordinary. Hosted on Acast. See acast.com/privacy for more information.
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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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