Social Security Claiming Strategies: David Freitag, Financial Planning Consultant and Social Security Expert from Mass Mutual discusses how to use two social security claiming strategies to boost your social security benefits.
It’s a little known strategy, but it might prove beneficial to older Americans who have reached full retirement age, who have not yet filed for Social Security, and who might need some extra cash right now – for one reason or another.
That’s right, you may be entitled to a retroactive payment, a lump sum check representing up to six months of your Social Security benefit, according to Freitag.
According to Freitag, this strategy works for someone who missed the window to apply for Social Security at FRA and now wants to start their benefit. Follow this link to learn more about social security on finStream TV: https://www.finstream.tv/videos/social-security/