The Quest for Lifetime Income: Will the Bridge Strategy Weather the Approaching Storm of Social Security Reform?
The Quest for Lifetime Income: Will the Bridge Strategy Weather the Approaching Storm of Social Security Reform?
In past research, we concluded that we believe the Social Security bridge strategy was one of the best strategies for retirees to maximize their annual income during retirement. The bridge strategy is undertaken when a participant delays taking Social Security until the maximum claim age, while taking larger withdrawals to fund their retirement expenses in the interim. With the Social Security administration projecting that the Old-Age and Survivors Insurance Trust Fund will be depleted in 2034, we evaluate in this whitepaper whether the bridge strategy will still be as effective if Social Security is reformed.
What's Inside:
What's Inside:
- An overview of the various Social Security reforms analyzed in this report.
- An evaluation of whether the Social Security bridge strategy would remain as effective given each of these proposed reforms.
- An analysis of the impact of reform options that would scale down Social Security’s cost-of-living adjustment feature.
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