Adviser: "Split strategy" on Social Security can help early retirees

12/18/2013 | Financial Advisor online

A "split strategy" for couples collecting Social Security benefits has the lower-earning spouse retiring at age 62 to begin receiving benefits, while the higher-earning spouse files for spousal benefits, says Christine Fahlund of T. Rowe Price. The higher earner then lets his or her own benefits accrue until age 70. This strategy is financially beneficial while both spouses are alive and also helps the surviving spouse after the other dies, Fahlund says.

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