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More on “Bridging” Strategies to Enhance Retirement Income - ThinkAdvisor
Outliving one’s financial resources is a reasonably common fear among retirees, both current and future retirees. When coupled with the impact of claiming Social Security benefits early, that is, before monthly payments are maximized, this fear can be rather significant. This is where the concept of bridging financial resources comes in — a strategy that involves drawing down other sources of income in order to delay claiming Social Security benefits.
A ThinkAdvisor post by senior reporter John Manganaro explores this concept using commentary from Bipartisan Policy Center’s former chief economist Jason Fichtner as background. BPC’s research into this topic concluded that a bridge strategy could enable retirees to “meaningfully raise their standard of living without increasing their chance of insolvency in retirement.” Read the Manhanaro post in full here…
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