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What’s the Social Security “Do-over” rule?

Everyone has likely had buyer’s remorse at some point, asking themselves, “Why did I spend money on that?” Maurie Backman covers the regret some have with claiming Social Security early (i.e. before their full retirement age – now 67). There is a so-called “do-over” rule, but it’s not for all. Essentially a person must undo his filing within a year of putting in the claim. Then, he must repay all of the benefits received to the Social Security Administration. That would allow someone to delay his filing, thus earning one a higher monthly amount later. Full piece here.

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