Social Security Bridge provides monthly income in place of Social Security and starts after you quit your job.
Funding retirement is a bridge strategy that can improve social security income without attracting early social security benefits. It helps you to postpone Social Security benefits until you reach full retirement age or 70. It also helps to improve your spouse’s financial outlook.
Social Security punishes those who claim benefits before the age of 70 by reducing benefits. Therefore, postponing social security early may make sense for many people. But does the Social Security Bridge strategy work for everyone? There are several ways to tackle that.
The bridge provides monthly income
Social Security Bridge provides monthly income in place of Social Security and starts after you quit your job. You receive your actual monthly salary while allowing your Social Security benefits to grow. The later the start of Social Security, the greater the profits.
I’m waiting to withdraw my benefits
It is important to implement numbers when deciding whether to start collecting Social Security benefits or launching a bridging strategy. They vary according to age.
