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When it comes to claiming Social Security retirement benefits, experts agree that delaying is generally the best strategy. However, despite this advice, many individuals choose to claim their benefits early, either at age 62 or before reaching their full retirement age. Unfortunately, these early claims result in reduced Social Security benefits for the rest of
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Throughout history, women have faced significant economic obstacles in their quest for equality. Centuries of societal norms and legal practices have placed them at a disadvantage compared to men. The Women’s Business Ownership Act, passed as recently as 1988, allowed women to obtain business financing without a male co-signer. Before 1969, women were not even
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Opening a retirement account for your teenager while they are working summer jobs can be a highly advantageous move. According to certified financial planner Carol Fabbri, Roth individual retirement accounts are “triple-tax efficient” for teenagers. This means that Roth IRAs are funded with after-tax dollars, but teenagers often earn less than the standard deduction, which
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The S&P 500 reached another all-time high on Tuesday, showcasing a 53% increase since the peak of inflation in 2022. Despite concerns of a potential pullback, experts at the CNBC Financial Advisor Summit remain optimistic about the future performance of the index. Savita Subramanian, head of U.S. equity strategy at Bank of America, expressed confidence
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