Social Security's "Secret" Do-Over and Suspension Options Could Help Retirees Score a Bigger Benefit
A recent survey from Nationwide Retirement Institute identified an important knowledge gap where Social Security benefits are concerned. Fewer than 30% of participants were aware that claiming decisions could be undone in certain situations.
That is problematic because retirees that regret collecting Social Security early can reverse their claim or suspend payments to earn a bigger benefit. But those options, while not designed to be secret, are undoubtedly missed opportunities for some beneficiaries given that not many people know they exist.
Read on to see how claiming age impacts retirement benefits, and to learn more about Social Security's do-over and suspension options.
Source Fool.com
