Bridging the Social Security gap for early retirees

Reporter: David LaMartina

Publication: ThinkAdvisor


Deadline: Jun 29, 2017 12:00 pm

Health concerns, job dissatisfaction, lay-offs and shifting priorities can all prompt people to retire early. For most retirees, however, delaying Social Security benefits until at least the full retirement age is the best way to maximize lifetime Social Security income. What can these clients do to “bridge the gap” between leaving their jobs and collecting Social Security? Are some investment and drawdown strategies better than others? What advantages do people have if they know they’re going to retire at 60, for instance, but start planning for it well ahead of time (vs. people who unexpectedly retire at 60 instead of 66)? Overall, this piece should offer other advisors a few strategies they can use to help clients generate the cash flow they need early in retirement, so they can hold off on collecting Social Security. This story will be featured in a retirement-focused section of
Nationwide’s ThinkAdvisor website called Retirement Wire: This round of stories for August and September will focus on Social Security. Requirements: I’d like to speak with financial advisors who make Social Security strategy a significant part of their practice.

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