Ask Larry

Suspending Retirement Benefits

What Advice Can You Give Me To Get Social Security To Voluntarily Suspend My Benefits?


I am desperately need someone advice here because the SSA gave me the wrong information. I am 68, and receiving my benefit since December, last year. Now, I would like to voluntarily suspend receiving it because I went back to work, and I want to earn more delayed retirement credit until age 70. When I called they said I can only make withdrawal of the application once, and repay what I received so far. I am screaming for help! I printed out their web page regarding to this, and it clearly says I can voluntarily suspend it just by calling them.

Friday, September 10, 2021 - 15:09

Can My Wife Suspend Her Account And Take Spousal Benefits Instead?

Can wife suspend her account and take spousal benefits? Wife born 5/26/1953. Husband born 7/30/1955. Wife started collecting soc. sec. at 62 years old (5/26/2015). Husband will file at FRA and suspend until later date. Can wife suspend her acct and file for spousal benefits when husband files on 7/30/2021? If so, will her benefit equal 50% of his benefit at his FRA?

Sunday, June 27, 2021 - 19:25

Can My Friend Now File For A Lump Sum Of The Benefits Since He Filed And Suspended?

Read your book, terrifc! Question: Got a call from a 71 year old who apparently file and suspended at age 66. The thought was he'd claim a lump sum back to age 66 when he reached 70. He forgot about it and never claimed any benefit! So at just over 71, what are his options. Can he file for the lump sum back to 66? Or just back file 6 months for his age 70 MIB. Thanks

Monday, May 24, 2021 - 21:02

Should This Wife Voluntarily Suspend Her Benefits?

Wife (W) is receiving approximately $2,500 per month in SS retirement benefits, having started her benefits when she was 64 years 6 months so that her husband (H) could receive spousal benefits on her record. She is currently 67 years 2 months. H, currently 69 years 10 months, is deferring receipt of his retirement benefits until age 70 at which time he will receive approximately $3,700 per month, which includes deferred retirement credits (DRCs).

Thursday, May 20, 2021 - 15:08

What Else Can I Do?

My birthday - 8/1951, wife's birthday 4/1951. Janice applied for her benefit to start next month - 4/2021.
I called to suspend payment of my benefit (and her spousal benefit) which I started at my FRA (66 years).

The first three reps I spoke with told me it wasn't allowed even though I pointed them to the SS website page explaining that I can suspend my benefit. I was disconnected from the second 2 reps when asking how to pursue this after long waits while they researched.

Thursday, March 18, 2021 - 15:19

Can You Confirm That I Am Allowed To Suspend My Social Security Retirement Benefits?

I (DOB March 1954) began receiving my retirement benefit at age 64 in 2018. My husband (DOB July 1951) was eligible to receive a spousal benefit from my account at that time. Because he was grandfathered due to his age, he was able to defer his own retirement benefit while receiving a spousal benefit. He has been receiving this spousal benefit (not his own retirement benefit) since I started receiving my retirement benefit.

Monday, March 1, 2021 - 17:56
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.
$40 Annual Household License
$299 Annual Financial Advisor License