Hi KAW1962!
According to the SSA information found here: https://www.ssa.gov/pubs/EN-05-10063.pdf
"After you retire, you may receive payments
for work you did before you started to receive
Social Security benefits. Usually, those
payments will not affect your Social Security
benefit if they are for work done before you
retired...Some special payments to employees
include bonuses, accumulated vacation or sick
pay, severance pay, back pay, standby pay,
sales commissions, and retirement payments"
Since this won't go against your allowable Social Security earnings for 2024, and you would be in a lower tax bracket, it may be the most advantageous from a tax stand point to wait. However, there are other life factors to consider when retiring.
Hope this helps!
Cindy
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