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Tag: Security

70% of adults over age 50 get this wrong about Social Security

70% of adults over age 50 get this wrong about Social Security

Finance
When it comes to Social Security, one small mistake can botch a lifetime's worth of income. As tempting as it may be to claim your retirement benefit as soon as you're eligible at age 62, choosing to do so could put a dent in your cash flow. Few people seem to be aware of this, according to a recent survey by the Nationwide Retirement Institute. Close to 70% of the polled individuals erroneously identified the age at which they'd be eligible for full retirement benefits from Social Security, the institute found. ...
Advisors help clients tackle the complexities of Social Security

Advisors help clients tackle the complexities of Social Security

Finance
Tom Grill | Getty ImagesEva Dion's 62nd birthday meant one thing to her husband, Jim. It was time for her to collect Social Security. "I'm from the old school," Jim, 74, said. "Grab the money while you can."Yet before Eva made her decision, she mulled it over with her financial advisor, Carolyn McClanahan, the founder of Life Planning Partners in Jacksonville, Florida. McClanahan, a certified financial planner, plugged all of Eva's details into a software program called SSanalyzer, which runs thousands of claiming strategies and spits out the best options.The findings didn't match up with Jim. Eva would be best off waiting until 70 to collect her Social Security, because her benefit would be much larger. Her health was good, and many years were likely ahead of her.Ultimately, Eva held bac...
Huawei: UK urged to put aside security fears over China

Huawei: UK urged to put aside security fears over China

Technology
China's ambassador to the UK is urging the government to resist external pressure and "act independently" over the growing Huawei row.The Chinese telecommunication giant is at the centre of a government leak after details that Theresa May had approved plans for the company to help build the UK's 5G network, were leaked after a National Security Council (NSC) meeting. Some of the UK's western allies, such as the US, have blocked the firms involvement on their own network due to security concerns, saying the company is too close to the Chinese government - an issue reportedly raised at the NSC meeting. Image: Huawei has been accused of having links to the Chinese government Writing in the Sunday Telegraph, Liu Xiaoming said the concerns...
Huawei gets role in UK 5G network despite security warnings

Huawei gets role in UK 5G network despite security warnings

Technology
Theresa May has approved Huawei's bid to help build Britain's 5G network, despite warnings about the risk posed to national security.The Chinese telecoms giant has been granted restricted access to build "non-core" infrastructure such as antennas, Whitehall sources have confirmed. However, it will be blocked from involvement in the most sensitive areas of the network.This permission came from the National Security Council, which is chaired by the prime minister, on Tuesday.The move comes just days after Huawei was accused by US intelligence of being funded by Chinese state security and almost a month after Britain's National Cyber Security Centre said the company posed a threat to national security. Advertisement ...