Two years after the mini Budget under Tory prime minister Liz Truss and chancellor Kwasi Kwarteng led to financial market turmoil and soaring mortgage rates, the upcoming October Budget under chancellor Rachel Reeves is anticipated to bring uncertainty amid fears of tax rises. Despite mortgage rates decreasing and house prices rising, concerns linger over the potential impact of tax hikes on market stability and purchasing power. Reeves must navigate carefully to avoid repeating past mistakes and maintain economic credibility while addressing market expectations and fiscal responsibilities.
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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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