Margaret is confused about her options and takes a friend's advice to file and begin collecting benefits at age 62. Two years later, she attends one of your seminars on Social Security and realizes that this was a mistake, as she has sufficient personal assets to get her through until at least age 70 and her life expectancy is nearly 100. What can you suggest to her?
A)
She has no options, as she has already initiated payments.
B)
She has no options, as a year has already passed since she initiated payments.
C)
She can voluntarily suspend payments, pay back the benefits she has received, and resume payments later at an increased rate.
D)
She can voluntarily suspend payments at her FRA, keep the benefits she has received, and resume payments later at an increased rate.