Dear Rusty: I will be 67 next month, reaching my full retirement age in July 2022. My wife and I are discussing whether we should take Social Security now or wait until we are age 70 to get a higher benefit. I remember reading that you can start Social Security and, if not needed, pay it back within a year and then “reset” to get a higher benefit by waiting longer. Please describe the steps of this process to take now and repay the year’s benefits if we do not need them. Signed: Uncertain Dear Uncertain: Well, to exercise the so-called “do over option” (which is essentially withdrawing your application for benefits), you need to contact Social Security and request that your application for benefits be withdrawn. You can also download and complete form SSA-521 and deliver the same to your local Social Security office.