They say you can't fix the past, but when it comes to Social Security, sometimes you can.
Granted, it used to be easier. Until December 2010, if clients had begun collecting benefits at 62 and then decided it was a mistake, they could fix it by simply repaying all the benefits already received, even if it was six or seven years later. Filers didn't even have to pay interest on all the money they'd received -- a situation that had some advisors actually recommending this as an interest-free loan strategy. But Congress eventually closed the loophole.
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