Even if you did your homework to understand the basics of Social Security claims before filing, you may want a do-over. Many older Americans are relieved to learn they can stop and restart Social Security benefits. Especially if you regret taking Social Security without realizing you were lowering your monthly Social Security check, take a deep breath and read over these two options.
There are no universal rules regarding who should stop or restart their benefits. And some of the options are nuanced. Whether you decided to return to work, your family situation has changed, or you simply no longer need the money, you may be able to temporarily pause or undo your decision to collect Social Security. It's important to take the time to understand the choices available to you and how they will affect your finances.