My current employer is changing it's retirement program to a strictly 401k match which made me go back and look at my previous company's benefits. This may be an early question - but from what I read from my termination papers when I left my previous employer after 13 years of service - when I turn 55 I will be able to start collecting 100% of my retirement monthly income. I will still be working at that time (I hope) & expect to probably work "forever" (we are not very well prepared for any sort of retirement i.e. have lots of debt & no savings).
So - I would think I want to start collecting this money since I will get it for the rest of my life - but then what would be the best thing to do with it? It will be taxable, so I will need to plan for taxes, right? Should I pay bills? Invest - in case I ever do "retire"?