Add it to your retirement savings, and it will increase your income. Reader letters tell me most people will invest the money. The idea of income that dies when they do, with nothing left behind, isn't attractive. The problem is the tax on Social Security benefits and how it is experienced. The key fact is that additional income from savings is taxed at higher rates than identical increases in Social Security benefits. Invest the $32,000 in a 30-year U.S.