Oklahoma seniors can restart the clock on Social Security
Did you decide to draw Social Security at age 62 and now wish you’d waited on a bigger check? There’s a little-known tactic that allows recipients to pay back all they’ve collected interest-free and restart their benefits at higher rates.
More Info
how to pause your benefits
Download Form 521 ("Request for Withdrawal of Application") from the Social Security Administration Web site ( www.ssa.gov) and visit your local office in person. Your retirement benefits will stop almost immediately — and if your husband or wife receives spousal benefits based on your work record, his or her benefits will stop, too. Until the agency sends you a letter telling you how much you need to repay (including any spousal benefits) and your benefits resume, you’ll have to pay the Part B premium yourself — currently $96.40 a month for most retirees.Advertisement
Market Watch
RBCC is Through The Roof!
$32 Billion in US Biotech Industry, Buy Your Shares and Cash In Today!
www.BestMicroCapStock.com
$32 Billion in US Biotech Industry, Buy Your Shares and Cash In Today!
www.BestMicroCapStock.com
Prev
If you prefer your thoughts to appear in The Oklahoman, we encourage you to submit a letter to the editor.
Would you like to leave a comment?
Log in or sign up (it's free).