What’s the Social Security Bridge Strategy? - AMAC & seekingalpha.com
I confess I hadn’t heard the term “bridge strategy” before today and thus was intrigued by this on-line piece. The term describes the practice where, instead of collecting Social Security before your full retirement age (FRA) or later, the person taps one of their retirement accounts (IRA or 401k). The piece notes very few people wait until FRA (now age 67) to start monthly benefits, though slightly more men than women wait until then. The piece covers in detail who might be able to execute the strategy, who should not need it, and the logic behind its implementation. Full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.