The pros and cons of Social Security bridge payments
Social Security bridge payments can help retirees maximize their Social Security benefits — but the strategy is not right for everyone.
Whilst you may doubtless doubtless neatly be eligible to begin claiming your Social Security help at age 62, most monetary planning experts sigh ready not less than unless you reach your fleshy-retirement age (FRA), which for fogeys born in 1960 or later is 67. (You may per chance doubtless ascertain your FRA here.)
If truth be told, most monetary advisors sigh ready even longer than your FRA, ideally unless age 70. That is the age at which you're going to bring home basically the most amount you may doubtless doubtless neatly be entitled to.
Restful many of us don't prefer to wait unless they're if truth be told "elderly" to begin drawing their benefits. There may be one possibility that can enable retirees to prolong the begin of Social Security benefits, but or not it is not for all individuals.
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