Social security withdrawal after starting
I am 63 and started taking my social security 6 months ago. What must I do and what all entails to stop receiving my benefits at this time, so I can return to full time employment that would exceed the maximum amount eligible to earn if receiving social security? Thank you.
Terry Says
It’s typically a mistake to start SS early — and now you’re facing the consequences of going back to work. But you’re in luck — you have one year to change that decision, but you must repay all benefits received.
Read this good article for instructions: https://www.kiplinger.com/retirement/social-security/600992/did-you-know-you-can-start-stop-and-then-restart-social-security
You’ll have to fill out form 521 to make that application to withdraw — Here’s a link to it.
And this time, wait until you’re 70 to restart your benefits. It’s worth the wait!! Use other retirementmoney first!
