Link to article
Delay Social Security or Not? How Lump Sum Payments Could Help
Interesting idea: studies they've done show that people planning to quit work at 62 and collect SS might be motivated to keep working if they were offered that same monthly amount at a later age (e.g., FRA) plus a lump sum. The lump sum, of course, would be a function of the foregone SS income between age 62 and actual filing age, but something less than what's "actuarially fair".
I see the advantage for the solvency of SS. My concern would be that the people who would take advantage of this might be the ones who need the larger monthly income from waiting (which they're giving up) and that they might squander the lump sum. I'd also be concerned about the tax bill on the lump sum.
Good idea or bad?