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Re-thinking Your Initial Claiming Decision–Two Available Options

Claiming Social Security benefits before full retirement age remains statistically more popular and, even more significant, very few new claimants wait to age 70 to obtain maximum monthly payouts. If you are in either of these two categories, it’s important to know that you have options to rethink the decision you made at your initial filing. For example, as explained in a post by The Motley Fool’s Trevor Jennewine appearing on today, the re-do option is available within the first year after initial claiming benefit, and after that, there’s an option you can exercise to suspend your benefits and allow them to grow until age 70. Check his post out here.

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