UK house prices rose by 3.4% annually in October, reaching an average of £292,000, nearing a record high. Stamp duty thresholds are set to decrease in April, potentially driving rushed purchases. Mortgage affordability has improved, but higher living costs and interest rates may pose challenges, with Knight Frank forecasting 2.5% growth in 2025.
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Social Security Claiming Strategies: Understanding the Drawbacks of Claiming Early
If you qualify for Social Security retirement benefits, you can start receiving payments at age 62, but doing so before your full retirement age will result in a reduced benefit. It's crucial to weigh the financial impacts of claiming early, even though there may be valid reasons for doing so. Explain It To Me Like I'm 5: If you get money from Social Security when you're older, you can start getting it at 62, but...
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