Are you feeling like you claimed Social Security too early? No worries! There are still a few reliable ways to increase your income, even after claiming.

Interested in learning more? Keep reading to learn about three ways claimants can increase their benefit payments!

• Return to work: This option is great for individuals looking to earn additional income. Unfortunately, there are a few things to keep in mind when returning to work. More specifically, for those still under the full retirement age (FRA), there is an income threshold to make sure you stay under; otherwise, individuals will end up forfeiting some of their hard-earned benefits to Social Security.
• Rescind your benefits claim: If you filed for benefits less than a year ago, it’s possible to start over. When you do this, you pay back all the benefits that you were paid following your claim. This allows you to start over again, allowing you to claim higher benefits at a later age.
• Suspend benefits: As long as you’ve reached FRA, you can request for your benefits to be suspended. This means you’d stop receiving benefit payments until you’re age 70 or when you ask for them to resume. By doing this, individuals earn delayed retirement credits that lead to an increased benefit payment.

And there you have it—three ways to increase your Social Security benefit payments, even after claiming.

Want to learn more about Social Security? Then make sure to check out Senior Security Alliance; our mission is to help senior citizens achieve a more financially secure retirement. Learn more about us and other Social Security information by following us on Facebook and Twitter.