New Rockford Transcript - Official Newspaper of Eddy County since 1883

Savvy Senior: Social Security Offers Lump Sum Payouts to Retirees


May 4, 2020

Dear Savvy Senior,

In light of the stock market crashing, I’ve heard that Social Security offers a lump-sum payment to new retirees who need some extra cash. I have not yet filed for my retirement benefits and would like to investigate this option. What can you tell me?

Seeking Cash 

Dear Seeking,

There is indeed a little-known Social Security claiming strategy that’s been around for many...

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