I just received my first Social Security retirement benefit (payment)

[TIDE-HSV]

Not sure of the difference. I just took a cash payout. They sent a check and I had my broker (Raymond James) move it into my IRA with them. From there, I invested the funds in my IRA.

If it's rolled over within the statutory period, no harm...

 

[Its On A Slab]

If it's rolled over within the statutory period, no harm...

Yep. They sent me the check, and I took it to my brokerage firm's local office and had them move the $$$ into my IRA.

I have a small pension with my current company. They don't let you cash out of it, but you can get it paid out in as little as 5 years. I plan to do that, and just roll the funds into my IRA.

 

[Bazza]

FYI:

The SSA says the 2.8% cost-of-living adjustment (COLA) will take effect with benefits payable to Social Security beneficiaries in January 2026. Increased payments to people receiving SSI benefits will begin in December 2025.

The Social Security Cost-of-Living Adjustment for 2026

Are you ready to see an increase in your Social Security check? The Social Security Administration (SSA) just announced COLA.

clark.com

I'd like to thank all those who continue to pay into the system......keep up the good work!

 

[Its On A Slab]

FYI:

The SSA says the 2.8% cost-of-living adjustment (COLA) will take effect with benefits payable to Social Security beneficiaries in January 2026. Increased payments to people receiving SSI benefits will begin in December 2025.

The Social Security Cost-of-Living Adjustment for 2026

Are you ready to see an increase in your Social Security check? The Social Security Administration (SSA) just announced COLA.

clark.com

I'd like to thank all those who continue to pay into the system......keep up the good work!

I think Medicare is going up, so I guess that will eat up the 2.8%?

I'm 32 days away(as of 5PM today).

 

[Bazza]

I think Medicare is going up, so I guess that will eat up the 2.8%?

I'm 32 days away(as of 5PM today).

When that direct deposit shows up in your bank account.......it feels magical!

 

[Its On A Slab]

When that direct deposit shows up in your bank account.......it feels magical!

I talked to my investment guy and we discussed the 4% Rule. Heck, I don't need to work because that and my SS, and I will be making more than I am now working. .

All those years investing, I never thought I had done enough. Raising a family and unable to put a lot into my 401k. Plus, losing half of my portfolio in my divorce 11 years ago. I guess I did ok.