What to Do if You Filed for Social Security Too Early

Maybe you were overconfident. Or perhaps you felt that you needed the money but now have some form of buyer's remorse. Either way, you may be concerned that you claimed Social Security too early.

It's a common dilemma, according to Kate Stalter, co-owner and senior financial advisor at Better Money Decisions, a financial services company in Albuquerque, New Mexico.

"The vast majority of Americans take their Social Security benefit prior to full retirement age. It's a problem because they lock in a lower benefit for the rest of their lives," Stalter says.

Surveys and statistics back her up. While the trend is to file for benefits later in life, according to a 2017 survey from Fidelity, 28 percent of Americans still planned on receiving Social Security benefits as early as possible.

If you feel you've taken your benefits too soon, and you're wondering what you should do, as it turns out, you have some options.

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