<p>You used to be able to retire before 66 and take the lower payout for several years, pay the money back without interest or penalty and then take the much higher later age payout if you wanted to. They just shut that down and the limit is now one year between the first payout and the payback/change in payout. Hardly worth it then.</p>
<p>Source.
Please.</p>
<p>At least SS could have charged 30yr treasuries ;)</p>
<p>Here’s one:</p>
<p>[Social</a> Security Payback Option Eliminated - Planning to Retire (usnews.com)](<a href=“http://money.usnews.com/money/blogs/planning-to-retire/2010/12/08/social-security-payback-option-eliminated.html]Social”>http://money.usnews.com/money/blogs/planning-to-retire/2010/12/08/social-security-payback-option-eliminated.html)</p>