Social security lump sum
If you wait 2 years after full retirement age to sign up for your social security benefits…and they offer a lump sum for those 2 years, isn’t it better to wait even though you have taxes taken out because you lose money in the end because of COLA on future benefits?
Terry Says
Yes! REad this. https://www.terrysavage.com/social-security-con-job/
SS cannot offer you a lump sum for two years, but they have been offering people a 6-month’s lump sum to take benefits a year early, which my SS expert, Larry Kotlikoff, calls a huge con job!
