Too-Early Retirees: Can You Unclaim Social Security?
Claiming Social Security early can have lifelong financial consequences. Starting benefits prior to a designated full retirement age (FRA) will lead to early filing penalties and up to a 30% reduction in the amount you receive each month. And even if you wait until FRA, you'll forgo potential retirement credits unless you delay until 70 so you won't maximize your monthly benefit.
If you've started your checks early and later realize that you would have rather had a larger benefit, you don't necessarily have to live with this regret for life. In some cases, you can actually undo your early claim and get a do-over. Here's how.
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Source Fool.com
