What is the Buzz About? Are people who retired at age 62, really thinking about withdrawing their claim? Is it smart to pay back all of your Social Security benefits received since age 62 to get a higher monthly benefit at age 70?

There definitely are times when you need to withdraw a prior claim to file a new claim, but you should not take withdrawing your retirement claim lightly. It is a very important decision and there are many things to take into consideration. Such as tax obligations, the amount of the increase, and the length of time it will take to recoup the money repaid.