From Nasdaq: 2025-02-15 12:00:00

Retirement planning is challenging, with healthcare costs for the average 65-year-old estimated at $165,000, according to Fidelity Investments. Social Security is crucial, and financial advisor Suze Orman recommends waiting as long as possible to start receiving benefits. Knowing your full retirement age is key, as filing early can reduce payments by up to 30%. Delaying benefits until age 70 can result in a 24-32% bonus, potentially increasing monthly payments by hundreds of dollars. Consider your health and life expectancy when deciding on a filing age to maximize lifetime income from Social Security.

Many Americans are behind on retirement savings, but understanding Social Security secrets could boost income by $22,924 annually. Learning to maximize benefits can provide peace of mind in retirement. Click the link to discover strategies for increasing Social Security payments. 1. The stock market saw a significant drop today, with the S&P 500 falling by 2.5% due to concerns over rising inflation rates and potential interest rate hikes by the Federal Reserve.

2. A new study published in the Journal of Science reveals that the Arctic ice caps are melting at a record pace, with a 10% decrease in ice coverage compared to last year.

3. The United Nations reported that over 82 million people worldwide have been forcibly displaced from their homes due to conflict, violence, and persecution – the highest number on record.

4. The CDC announced that the Delta variant of COVID-19 is now the dominant strain in the United States, accounting for over 51% of new cases and leading to a rise in hospitalizations in certain regions.

5. Tesla CEO Elon Musk revealed plans to build a new Gigafactory in Texas, which will produce the company’s Cybertruck and Model Y vehicles, creating thousands of jobs in the area.



Read more at Nasdaq: Suze Orman Gives Retirees Important Warning About Relying on Social Security in Retirement