Josh Scandlen Podcast

What do you do if you filed for Social Security benefits too early? In this video I will share with you three things you can do to improve your Social Security benefit, even if you already filed. 1. Stop your benefit and pay back what you received. Now you can only do this in the same year you filed, be advised. Before the 2015 changes you could repay all your benefits, interest free, even if you took those benefits years prior.  Those days are over now.  2. Stop your benefits to begin receiving the increases each year you delay taking them up until age 70,   Say you are 64 and started your benefits at 62.  Because you took your benefits before your Full Retirement Age of 66, your Social Security payment was reduced by 25% of your Primary Insurance Amount (PIA). However, if you stop your benefits now, you can still receive increases of 8% each year until you decide to start the benefits up again. No big deal.    Of course, if you do this, you'll need to ask where the income