Retroactive is used by individuals seeking to claim up to six months of unclaimed benefits while reinstatement is used by individuals who have filed and suspended their benefits, which is a strategy that has no time limit for collecting benefits that haven’t been received.
Estimated reading time: 0 minutes, 24 seconds
How to Avoid Confusion Over Social Security Benefits
Improperly using retroactive instead of reinstatement is causing much confusion among Social Security representatives, advisors and individuals regarding implementing a file-and-suspend strategy for government retirement benefits. So reports Kitces.com.
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