Social Security Questions? Ask a Social Security Expert
Hi from just answer. I'm PDtax. I'll advise.
I normally tell people not to draw the early benefit unless you need the money. Delaying will add 7% per year, and save that penalty.
You didn't add the other facts, like your income, need for $, health, and other assets for retirement. And your future benefit will be increased by the repaid social security, but I like the higher benefit for life.
Unless you can invest all the social security to replace the future income of 7% of your benefit, every month for life, the penalty and tax cost reducing your checks, this is not a good idea for most folks.
Some people just want the money. But your decision must have pluses to overcome the financial loss.
Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.