The Social Security Lump-Sum Option Has a Big Gotcha

RSSA co-founder and President Martha Shedden contributes to BottomLineInc. “…beware: Taking the lump-sum payout will reduce your monthly Social Security payments for the rest of your life. If you accept it, it will be as if you claimed your Social Security benefits six months earlier than you actually did.”

Published by Pamela Kweller, RSSA®

Pamela Kweller is the Content & Community Manager at RSSA. She is also certified as a Registered Social Security Analyst®. The mission of RSSA is to help Americans get the maximum Social Security income they have earned, enabling them to enjoy their lives more fully. Contact Pamela: