IF SOMEONE ASKS ME what my favorite day is, I’d have to say the second Wednesday of the month. That’s when my Social Security check gets deposited into my checking account. I’ve received three checks so far and each one has been a joy. The experts might be right when they say retirees who have predictable income are happier. At age 70, I feel like a little boy who just got his first bicycle.
I waited a long time for my first check—and it was well worth it:
If I die tomorrow, you could argue that I made the wrong decision in delaying Social Security—and you might be right, though my wife will get my benefit as a survivor benefit. On top of that, from a financial point of view, dying tomorrow isn’t my big concern. Instead, what would be more worrisome to me is watching our savings dwindle in our later years—and be left with a smaller Social Security check to fall back on.