Savvy Senior: Social Security Offers Lump Sum Payouts to Retirees

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 years th...