Dear Rusty: I will be 67 next month and reached my full retirement age in July 2022. My wife and I are discussing whether we should take Social Security now or wait until we are age 70 to get a higher benefit. I remember reading that you can start Social Security and, if not needed, pay it back within a year and then “reset” to get a higher benefit by waiting longer.
How do I withdraw my application for Social Security?
Social Security Matters