Is There Any Downside To Starting Benefits At Age 62, Then Suspending Them At FRA?
Hi Larry, I understand I can file for social security at 62, then suspend it at FRA without paying back the amount I collected between 62 - 67 and then restart it any time between 67 - 70 and still collect the higher amount at 70 if I restart at 70 . This claim, suspend and restarts acts as if I had delayed collecting social security at 70. Besides collecting the lower amount from 62-67, and losing 3 years of payments while my benefit is suspended,, is there any other downside I should consider using the claim, suspend and restart strategy? Thanks!