Ask Larry

What Are The Repayment Terms When You Request A Withdrawal?

If I start SS and stop within the one year requirement, I realize that all payments must be repaid.
My question is what is the repayment terms / conditions? For example, is there a payment schedule (or) is repayment one lump sum repaid immediately?
Thanking you in advance....

Hi. You can't withdraw a claim for benefits unless you fully repay any and all of the benefits you've been paid up front. Repaying by installments isn't an option when you request a withdrawal.

Best, Jerry

Posted: 
Nov 19 2021 - 4:17pm
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