Also, Amazon's "game-changing" results, contrarian investing, Robinhood's retirement move and a long look at performance for Carl Icahn's partnership.
If you are eligible to receive Social Security benefits, you can begin receiving monthly payments at the age of 62. But you can wait longer to claim the benefits, to receive higher payments. There are also other factors to consider.
Before thinking of how much your payments will increase if you wait to begin receiving them, keep in mind that Social Security’s Full Retirement Age is 67 for people born in 1960 or later. If you were born earlier, you can look up your FRA here. If you are married and begin to receive payments before your FRA, benefits to your spouse may be reduced. Your monthly payment will max out at the age of 70 if you wait that long.
For an illustration of the effect of waiting, we can create a back-of-the-envelope set of numbers for a person who is eligible to receive Social Security, turns 62 this year and is facing the timing question. For simplicity, we will leave out the Social Security Administration’s cost-of-living adjustments , which are based on inflation.
In the comments below Hulbert’s story, more than one reader said they had never heard of anyone regretting a decision to begin receiving payments at an early age. Another topic of discussion is how long someone might be expected to live. One reader said he knew people who had waited until FRA or even until the age of 70, and then received benefits for less than 10 years.
For AWS, second-quarter operating income of $5.37 billion exceeded Amazon’s consolidated operating income of $3.32 billion.Following Thursday’s market close, Apple Inc. AAPL reported a 1% decline in quarterly sales from a year earlier. This was the iPhone maker’s third straight sales decline. So even if you are invested in a low-cost exchange-traded fund that tracks the U.S. benchmark SPX by holding shares of 500 companies, the weighting by market capitalization means you are concentrated in the largest tech-oriented names.
The firm’s CEO Carl Icahn blamed the company’s second-quarter net loss and dividend cut in part on a report published by the short seller Hindenburg Research in May. Even with the dilution to the stock, as Icahn himself has taken dividends in the form of new shares over the years, the partnership’s total return since 1999 has been very good when compared with the S&P 500, factoring in the large decline for the stock early Friday.
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