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Boeing shares drop 4% after Trump announces China orders just 200 jets ReutersBoeing Wins 200-Jet Plane Order From China, Trump Says (BA) Bloomberg.comBoeing Stock Slips After Trump's Comments on China's Plane Order WSJBoeing could be the biggest winner on Trump's trip to Beijing Fortune
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Boeing's stock on Thursday headed for its steepest fall in six months after President Donald Trump said China is buying 200 of the company's jets, disappointing investors who had expected more than double that number.
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NY Plans New Tax on City Homes Over $1 Million Bought With Cash Bloomberg.comLawmakers plan tax on NYC cash home sales, as Hochul details pied-a-terre plan GothamistWhile fears of a New York wealth exodus swirl, sales for city homes worth $10 million or more are going strong. Yahoo FinancePity the poor billionaires - demands for higher taxes must feel hurtful | Arwa Mahdawi The Guardian
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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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