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If a worker begins receiving benefits before his/her normal (or full) retirement age, the worker will receive a reduced benefit. A worker can choose to retire as early as age 62, but doing so may result in a reduction of as much as 30 percent.
Form SSA 521 walkthrough (Request for Withdrawal of Application) YouTube Start of suggested clip End of suggested clip Example. You would then write your information in the second line first name middle name initial.MoreExample. You would then write your information in the second line first name middle name initial. And last name followed by your social security number obviously if you are the applicant.
There can be legitimate reasons for wanting to withdraw an application for Social Security benefits. The most common reason is that the person didn't realize that applying for early reduced benefits would result in far lower lifetime benefits compared to waiting until Full Retirement Age (FRA) or later to apply.
The claimant must submit a request to withdraw a benefit application in writing, preferably via form SSA-521 (Request for Withdrawal of Application). The withdrawal request must include the specific class of benefit(s) the claimant wants to withdraw and include a clear explanation as to why they are requesting the WD.