Surprise, Surprise from Social Security
Bet you didn’t know this about Social Security!
In October 2023, I received my normal monthly retirement deposit. But a few days later, I received another direct deposit of just over $400 from Social Security. Both my wife and I figured it was one of those mistakes that Social Security has been making, and soon, they would ask for it back.
Then, last week, I received a letter from Social Security. Before I opened it, I was sure it was a request to return the money. Imagine my surprise when I read that it was rightfully mine, along with an explanation. But there was an even bigger surprise included!
Choosing to Take Social Security Retirement
Because I did not do a good job of saving for retirement, my goal was to put off taking Social Security retirement until I turned 70 years old. That way, not only would get the largest possible benefit, but if I predeceased my wife, she would receive the larger benefit.
However, approaching my sixty-ninth birthday in 2022, I called the local Social Security office and asked what my benefit would be if I took it then versus waiting one more year at age 70.
IMPORTANT NOTE: Before making any decisions about taking Social Security, call them and get the…
