Ask Larry

Withdrawing Retirement Benefits

If I Pursue My Appeal To The Next Step, Will I Prevail?


Because of a complicated Medicare situation, my local office advised me to apply for my SS retirement benefits immediately. I did, in Jan ‘19. The money accumulated in an account opened just to receive these funds—and has never been touched. Several months afterwards, I could see it was not going to help restore my Medicare.

Saturday, September 5, 2020 - 08:32

If I Switch To My Own Social Security Would I Be Allowed To Repay What I Collected Without Any Penalty?

I started receiving $433.00 on my ex husband's account when I turned 66. I turned 67 this month. Unfortunately, due to a very unexpected development, I am in need of a larger amount than I am getting for monthly expenses. I will be receiving a disbursement from an estate but that can take from 9 to 12 months to receive.
Question: If I switch over to collecting on my own Social Security now would I be allowed to repay what I collected o

Sunday, March 24, 2019 - 10:17

Can I Undo My Decision If I File For Reduced Benefits?

I have been thinking of taking my ss at age 62 after running the numbers on your program with a life expectancy of age 84.
If I should rethink my decision to file early, is there anyway to undo this and receive my benefits later?
I have also read in the past there is an exclusion to repay all the money you received from age 62 to 66 and then start receiving your new and higher benefit at age 66. Is this true? Thanks in advance.


Sunday, September 25, 2016 - 11:15

Can I Withdraw My Retirement Benefit After Collecting It For One Year?

Hi Larry,

I just turned 65 in June of this year. I started my S.S. Benefit in Feb. of this year. If my finances allow, I want to WITHDRAW MY BENEFIT IN JANUARY OF 2017, WHICH WILL BE THE 12TH MONTH I HAVE RECEIVED BENEFITS. I WAS TOLD, IF I PAY THE Benefit amount BACK WITHIN 60 days of the end of the 12 months, my Lifetime Benefit will not be affected. IS THIS CORRECT??? IF I WAIT UNTIL AGE 70 TO COLLECT MY BENEFIT I WILL RECEIVE 800-1000 DOLLARS MORE PER MONTH. WHAT IS THE BEST THING TO DO??? THANK-YOU KINDLY!

Saturday, July 16, 2016 - 15:00
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