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New front in US-Iran war escalates as Houthis fire at Saudi oil facilities Al JazeeraIran reports first night without new US strikes as Houthis attack Saudi Arabian city Fox NewsTrump's Threatened New Front in Iran War Could Strain U.S. Forces The New York TimesSaudi military s
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Wildfires threaten Bordeaux as France and Spain battle blazes ReutersLive updates: Battle against France and Spain wildfires is in a critical window as hotter weather looms CNNFires in Europe: latest developments YahooFrench firefighters face 'pyrocumulonimbus' for first time France 24
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Early-stage venture capital firm Tapestry VC has launched its third fund with $80m of commitments to invest in repeat founders across Europe and North America.
The post Tapestry VC launches $80m third fund backed by British Business Bank appeared first on AltAssets Private Equity News.
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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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Looking for a great cash-back credit card? You're hardly alone. In a survey from personal-finance site WalletHub, 79% of people said they are most interested in earning cash-back credit card rewards, a significantly higher percentage than those who prefer rewards points or miles.
SEE MORE Get a Handle on Your Credit Card Debt
To help you in your search, we have compiled a list of great cards that provide cash back on every purchase (or reward you with points that you can easily trade for cash at a strong value).
For each card, we've calculated a typical annual rebate based on spending patterns in the U.S. Bureau of Labor Statistics Consumer Expenditure Survey and assuming $25,000 spent on the card annually (unless otherwise noted). For cards that do not waive their annual fee the first year, we've subtracted the annual fee from the cash value of the annual rebate.
Best Cards for Flat-Rate Cash Back
These cards provide simple and strong cash-back rewards on all spending.
Wells Fargo Active Cash Visa
Website: www.wellsfargo.comInterest rate: 0% for 15 months, then 17.24% to 27.24%
Annual fee: None
Sign-up bonus: $200 back if you spend $1,000 in the first three months
Typical annual rebate: $500
This card provides 2% cash back on all purchases, making it a great card to slip into your wallet if you prefer simple, straightforward rewards. Ways to redeem your cash back include as a statement credit, cash at the ATM with a Wells Fargo debit or ATM card (in $20 increments), gift cards ($25 increments), or a credit to a qualifying Wells Fargo credit card, checking account or mortgage. A nice side b
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