Social Security’s “Do Over” Option Explained, and Other Options
The U.S. labor market has been rattled in the past year and a half by the COVID-19 pandemic, and many folks elected to jump into Social Security benefits as a lifeline to survive. After making this move, though, they found employment opportunities as the economy began its full-force recovery and built on the solid base that had been built pre-pandemic. So, now what?
Well, there are options to terminate participation in Social Security, but they’re pretty restrictive as explained in this post by Yahoo Finance’s Rob Poindexter in a post on their site. His article covers the first “do over” option, and also explains the suspend option available to those who miss the cut-off for this one (and have reached their full retirement age. Check out his post here…