Social Security: Rethinking the decision to receive checks at 62
Columnist David Lazarus answers your consumer questions in this one-minute video.
You can start collecting Social Security checks at age 62. But the longer you put it off, the more you’ll get each month.
Thomas is wondering: What if he starts receiving Social Security payments at 62 but then has a change of heart?
ASK LAZ: Smart answers to consumer questions
Could he give the money back and restart the clock to receive bigger payments down the road?
This is an interesting scenario, and I wasn’t sure of the answer. So I contacted the Social Security Administration.
For their response, check out today’s Ask Laz video.
If you have a consumer question, email me at asklaz@latimes.com or contact me via Twitter @Davidlaz.
