Latest News
Retired, but not by choice. Now what?
Over half of retirees leave the workforce earlier than expected. Whether due to their health, corporate restructuring, or Artificial Intelligence (AI), it is becoming a common factor.
One of the most common things a person, at least age 62, does when this happens is to start their Social Security benefits. Then they get a new job offer, and their income will be too high to continue receiving their benefits due to the earnings limit. If it has been less than 12 months, and you can afford to pay all the payments you received back, you can use the “Do Over Option.” Call Social Security, tell them you made a mistake, and want to cancel your benefits. Social Security will send you a letter informing you how much to pay back. It will be as if you never applied, but you can only do this once.
For more pointers on unexpected early retirement, click here … to read the article by Victoria Larson on Kiplinger.com.
The link provided above connects readers to the full content of the posted article. The URL (Internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.