Key Points Before collecting your first Social Security benefit, ensure you have a decumulation plan in place. "Decumulation" refers to how you plan to spend your money in retirement. Part of designing a decumulation plan is deciding which withdrawal strategy works best for you. The $23,760 Social Security bonus most retirees completely overlook › Whether you're planning to travel, relocate abroad, or hang around home and spend time with friends and family, the best thing you can do for yourself b ...