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Is the Social Security Bridge Strategy Your Key to More Retirement Income?

SmartAsset
Summary
Nutrition label

85% Informative

A retirement strategy known as the Social Security bridge is one way to create an enlarged stream of guaranteed income without an annuity.

Researchers at the Center for Retirement Research at Boston College recently examined this relatively unknown strategy.

Delaying Social Security until the maximum claiming age (70) can increase a retiree’s benefits by 76% compared to claiming at age 62 .

Survey polled 1,349 workers between the ages of 50 and 65 with at least $25,000 in 401(k) accounts.

Researchers learned that a “substantial minority” of respondents said they would use the bridge strategy.

The more information respondents were given about the Social Security bridge strategy, the most interested they were.

VR Score

85

Informative language

83

Neutral language

62

Article tone

informal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

20

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