If you are already receiving benefits or if you want to change or stop your withholding, you’ll need a Form W-4V from the Internal Revenue Service (IRS). You can download the form or call the IRS toll-free at 1-800-829-3676 and ask for Form W-4V, Voluntary Withholding Request.

Can you take Social Security at 62 and then stop?

Can I suspend Social Security benefits and restart them at a higher value? En español | Yes. If you have reached your full retirement age (the age at which you are entitled to 100 percent of the benefit calculated from your lifetime earnings) but are not yet 70, you can request a suspension of retirement benefits.

Can you withdraw Social Security benefits at age 62?

If you are in your first year of collecting retirement benefits, you can apply to Social Security for a “withdrawal of benefits.” Why would you want to do that? Say you filed for Social Security as early as possible, at age 62, accepting a reduced benefit because you needed the money.

Can you withdraw Social Security benefits if you change your mind?

If you change your mind about receiving benefits, you may be able to withdraw your Social Security claim, only if it has been less than 12 months since you were first entitled to benefits. Your date of entitlement is the month you start your benefits and may not be the same as the date you actually receive your first check.

How are Social Security benefits reduced when you reach full retirement age?

If you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age. To find out how much your benefit will be reduced if you begin receiving benefits from age 62 up to your full retirement age, use the chart below and select your year of birth.

What happens to your Social Security benefits when you delay retirement?

If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase. If you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age.