Quote:
Originally Posted by gryoung
Agreed, this article using examples simplifies a complex issue. However, strategies are always great in hindsight! A few years ago, the Wall Street Journal suggested the best approach to SS retirement benefits was filing for reduced benefits at 62, investing the money conservatively so you could withdraw your application at age 70, repay total benefits to SSA, and then refile a new claim which would include maximum delayed retirement credits. Of course that's a great strategy and perfectly legal except it neglected the fact that some people have done so and died a few months later. Unless you know with certainty when you're scheduled to depart this life, "take the money now."
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This option is no longer available. You only have 12 months from when you start receiving benefits to stop the benefits and return money.