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Claimed SS Too Early? You Might Be Able to Correct That

Life’s circumstances (such as a pandemic) may have forced you to claim your Social Security earlier than you planned or wanted. Though the age at which you claim permanently sets your benefit amount, if you find that you don’t actually need that Social Security money for a while, there may be a way to either withdraw your application entirely, or suspend receipt of your benefits, both of which would allow your payment to be more at a later age. This Northwestern Mutual article by Julianne Pepitone explains.

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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