Let’s go over two little known Social Security strategies and the long-term implications of each.

In this episode, I discuss why Social Security is paying out lump sum payments to retirees and the pitfalls of taking the payment, as well as a strategy to tap into benefits early and rebuild them later.

I also review tax and estate planning issues that may be caused as a result of implementing these strategies, and where they can make sense to take advantage of.

For the links and extras mentioned in the episode, please visit the show notes page at https://retiredishpodcast.com/3

Retired-ish Newsletter Sign-Up: https://lp.constantcontactpages.com/su/VjiTbE7/retiredish

Find your Full Retirement Age: https://www.ssa.gov/benefits/retirement/planner/ageincrease.html

Retroactive Benefits: https://secure.ssa.gov/poms.nsf/lnx/0501130600

Social Security Payment Withholding Form W4-V: https://www.ssa.gov/benefits/retirement/planner/taxwithold.html