📈 3 Steps to Claiming the $4,555 Max Monthly Social Security

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Good Morning!

If you're dreaming of that sweet early retirement, we've got three fantastic ETFs that are perfect for your financial independence journey. These bad boys will have you sipping margaritas on the beach in no time!

Remember those meme stocks that took the world by storm? Well, guess what? They're back, baby! They've been on a tear, climbing a whopping 23% in the past three months, while the S&P 500 trailed behind with a mere 9% jump.

Finally, we've got a little guide for you on how to claim the coveted $4,555 maximum monthly Social Security benefit. Yep, we're talking serious cash here.

Grab your grande, half-caf, non-fat, no-foam, extra-hot caramel macchiato and let's get into it! ☕️👇️

Markets

The Flip Side of the Inflation Coin (10 minute read)
The market seems to be hoping that the recent 3% annual CPI (Consumer Price Index) figure is a sign of diminishing inflation, with a smooth path towards 2% inflation by the end of the year. But wait, John Mauldin, from Mauldin Economics is here to tell you, "Hold on a minute!"

Inflation is far from dead, my friends, and in fact, the CPI might even edge up slightly before the year wraps up. This is crucial for understanding the future of monetary policy in the coming 6–9–12 months. Brace yourselves because it's complicated, and it's not what you might expect.

Investing

Three Ideal ETFs for Retiring Early [FIRE] (4 minute read)
You've probably heard about the financial independence, retire early (FIRE) movement, where people aim to retire before they hit 60. One path to FIRE that might tickle your fancy is exchange traded funds (ETFs). Let us introduce you to a couple: First up, we have the WisdomTree U.S. Quality Dividend Growth Fund (DGRW), the Nationwide Nasdaq-100® Risk-Managed Income ETF (NUSI) and the NEOS Enhanced Income Cash Alternative ETF (CSHI). So go ahead, explore these ETF options and get closer to that well-heeled early retirement you've been dreaming of.

Meme Stocks Are Making a Comeback (5 minute read)
It feels like we've gone back in time to 2021 because meme stocks are making a comeback, and it's not just GameStop hogging the spotlight this time. There's a whole index called the Solactive Roundhill Meme Stock Index that keeps tabs on 25 popular meme stocks like AMC, GameStop, BlackBerry, and some fresh faces too. These meme stocks have climbed a jaw-dropping 23% over the past three months compared to a 9% jump in the S&P 500.

Top 5 things to watch in markets in the week ahead (5 minute read)
We're entering the exciting realm of earnings season! Brace yourself for a flurry of reports as companies start revealing their financial performance. But that's not all—there's more to keep an eye on. The U.S. and China will be sharing their economic data, giving us insights into how these powerhouse economies are faring. And speaking of data, the inflation figures from the U.K. will play a crucial role in determining the Bank of England's next move on interest rates.

Money

3 Steps to Claiming the $4,555 Max Monthly Social Security Benefit (5 minute read)
Alright, let's talk about Social Security benefits and how they can play a role in your retirement income. If you're one of the lucky ones, you might even find it quite rewarding, with monthly checks reaching as high as $4,555 this year after adjusting for inflation. But how can you make the most of this program? Here's the scoop:

1. Work for a solid 35 years: The longer you contribute to the system, the better your eventual benefits will be.

2. Aim for the maximum taxable income: When you're working, try to earn the maximum amount that's subject to Social Security taxes (That’s about $160k). This can help boost your benefits later on.

3. Delay claiming until age 70: Patience is key. By holding off on claiming your retirement benefits until you hit 70, you can maximize the amount you receive each month.

Now, here's the thing: Not everyone will be cashing in on the highest possible Social Security checks, and that's perfectly okay. Most people don't. In fact, the average monthly Social Security payment currently hovers around $1,800. So, if you're not hitting the top tier, don't sweat it. You're in good company.

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