Daily Reads 7/2/2019
Hi, everyone. It’s Tuesday, and in the news, we see a shocking statistic that shows that retirees lose $3.4 trillion by claiming Social Security early. A new loyalty program by StubHub rewards big spenders with big incentives. Anheuser-Busch expands its offerings and reach with the acquisition of ‘The Fat Jewish’ wine brand. And if you’re a small business owner with kids, you should read our featured article on savings tools designed to fit your unique business position. Greatness is a term often associated with big things but learn about the little things that really add up to greatness.
Despite all the talk about the value of maximizing Social Security benefits, it seems few retirees are listening. The fact that only 4% of retirees wait until age 70 to claim their maximum retirement benefits is not news.
StubHub is launching a loyalty program called StubHub Beyond to add customer benefits in addition to just selling tickets. The program begins immediately and offers customers in the U.S. who spend $10,000 or more annually with the company VIP access to various experiential events including the Masters, the U.S. Open of tennis and MLB ballparks.
Anheuser-Busch InBev, searching for growth as consumers turn away from mass-produced beer brands like Budweiser and Bud Light, is taking full control of Babe Wine, which was co-founded by Instagram influencer Josh Ostrovsky, known by his handle “The Fat Jewish.”
Business owners experience countless success penalties as they grow their company and their net worth. Paying too much for their kid’s college education often falls into that category. But financial advisors can and should put an end to this defeatist attitude and become a super hero for their clients.
How we define “greatness” varies, and this article by Steph Smith provides a new perspective on how we define the term.