This is the latest in an occasional series of blog posts commenting on upcoming retirement.
I am a happy man today.
Perhaps you’re asking, “Why?” Well, I’ll tell you.
This morning I took the huge — or, as Donald Trump would say, “Yuuuuuge!” — leap toward retirement by applying for my Social Security benefits.
My 66th birthday is right around the corner. That’s when I become eligible to draw full retirement benefit from the Social Security Administration. That means I can draw the benefit and keep working part-time — which I intend to do.
On the advice of three women I trust implicitly — starting with my wife — I made the decision to go ahead and not wait any longer.
The other two are our tax accountant and the manager of our retirement investment portfolio. They both have concluded that it’s best to go now. Don’t wait any longer, they say, even though the longer I would have waited the more I could get monthly once I got approved.
Part of my Social Security income will be subject to income taxation if I earn more than a certain amount annually. But it’s a small enough portion, with the tax liability being minimal, I figure, “Why not go now?”
I should stipulate as well that I’ve never minded paying taxes. Unlike some of my fellow Americans out there who rant, rave and rebel against paying taxes, I never have harbored that kind of anti-tax sentiment.
I made the application this morning and ever since submitting the information online I’ve feeling strangely satisfied that I’ve done the right thing.
I want to add another good word. Many of us bitch constantly about the government and its sometimes-complicated machinery. I was amazed today at the ease of applying for this benefit online. The questions were clear; the government website provided “help” links if I stumbled — and yes, I checked with two of them to make sure I was answering the questions correctly.
It was easy, man.
It’s a big step. I had been looking forward to taking it for a good while. Now that I’ve taken it, I’m feeling even better about the decision my wife and I have made.