Regret Claiming Social Security? Here’s what you can do - Motley Fool
Deciding when to claim Social Security can be a daunting exercise and, far too often, the complexity of that decision leads to just throwing up your hands up and applying, without fully understanding the consequences of doing so. Then, a form of “buyer’s remorse” sets in when you realize you’ve made a mistake and have signed up for a benefit much less than you are entitled to. In other cases, life’s circumstances change, for example if you claim Social Security after losing your job, only to later find another job which would allow you to wait longer to claim your Social Security benefit. Point is, there are a myriad of reasons why you might claim Social Security and later decide that you shouldn’t have, which is where this Motley Fool article by Katie Brockman comes in, providing details on how you can reverse your claiming decision.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…