Taking SS early (62)

[Maxhunter]

Applied in December when I turned 65. I’ll received my first check in February. Going to use it as go have fun account. I don’t need it right now. I’ll use it why I have good health since nobody knows what will come down the road health wise.

 

[Buckhunter55]

It is nice being on SS Benefits but the Direct Deposit is so Random. 1 Month it comes early the next it is several days later and so on. Hard to know as it is all the date you are born on being late in the Month so it is just in time sometimes to pay some bills. When Needed!!! Guess depending on SS is just 1 of those but better than taking IRA Distributions instead? Hoping my IRA continues to grow...
KE

Mine is always on the 3rd Wednesday of the month and never late if anything it comes one day early.

 

[KnightExtreme]

Mine is always on the 3rd Wednesday of the month and never late if anything it comes one day early.

Nice, but today is the 3rd Thursday (if you are counting full weeks? it would 4 if you are just counting Thursday of the month of January 2026.) Not yet to see it hit my account? Oh well just me I guess... Will just stop buying hunting gear till I have saved 3 or 4 months of SS. But with the cold temps my energy bills will be some $! Till March / April rolls in and temps raise...
KE

 

[Tenstrike]

For those who have filed, once everything is settled, how does your benefit amount compare to the estimated amount on your pre-filing statement? Larger, smaller or about the same? Thanks.

 

[Freewilly]

Your benefit amount is the same as projected, but you need to consider taxes on that number and Medicare costs when the time is right

 

[Tenstrike]

Yes, of course, I should have said "gross" amount, thanks.

 

[NRA4LIFE]

Your benefit amount is the same as projected, but you need to consider taxes on that number and Medicare costs when the time is right

This is sage advice. You're medicare costs are based on your previous 2 years of income before 65. My wife and I accidentally F-d that up by just 1000 dollars.