Interesting.
When I realized it was going to be tough to get hired at my age - (my last interview resulted in a rejection for lack of health claims payment\processing experience - for a system i helped develop. I paid health claims for 10 years, then went to a software house where we specifically developed front end and back end health claims processing systems - lasted in that type of IT business environment for 31 years until I decided to retire.)
I took advantage of the Social Security Jan 01 1954 and earlier spousal rule (Thank You Bill Clinton - how nutz were we for this rule ?).
I claimed full SS on my FRA(66). My wife - also @ 66(still working) filed under that spousal rule where her benefits were set aside earing 8% a year and she got half of my monthly benefit to boot. This went on until she turned 70, when she filed for her own full SS.
She’s kept working and her SS was adjusted every year upward (only the highest 35 earning years are considered for the pay out)and she received an additional adjustment check every year because her increased salary raised her allowance. The SS COLA for coming year was applied to the upward adjusted amount. - America - what a a country !
My Social Security provided more spendable dollars than my take home pay.
This afforded me the luxury to burn my 401k to pay off all the debt - house\cars\credit cards.
It worked out nice. Debt free and my wife is set up for life.
How much taxes were you assessed due to spending the 401k money?
I could have paid off my house with what I’ve lost in the last week..
but I’m im it for the long haul at this point..