Q & A

Ask Rusty – I’m Already Collecting Social Security – How Will My WEP Reduction be Calculated?

Dear Rusty:  I don’t understand exactly how the Windfall Elimination Provision (WEP) works for my situation. I turned 62 in 2017 and am currently still working in a “non-covered” job, not paying into Social Security, but from which I will…

Ask Rusty  – About Social Security’s “guaranteed” annual cost-of-living adjustment (COLA) 

Dear Rusty: I’ve been reading a lot lately about speculation on what next year’s benefit increase will be, and it seems like most of the experts are suggesting a range of 2.5% to 3%. My neighbor says don’t worry about…

Ask Rusty – I’m Working after age 65; Why Aren’t I Exempt from Medicare Part B Premium?

Dear Rusty: Why, as I continue to work after age 65 and have FICA taxes taken from my check, am I – or anyone – also compelled under the threat of penalties, rate increases, etc. to immediately take Medicare Part…

Ask Rusty – Shocked Because Medicare Increase Results in Loss of Social Security Benefits

Dear Rusty:  My wife and I have taken a Social Security “Cut” — no 3.2% raise for us, due to something called “IRMAA,” based on our income. We actually took, together, a $400 a month cut. As far as I…

Ask Rusty – Future Retiree Worried About Social Security’s Future

Dear Rusty:  I keep reading that the SSA will only be able to pay out 75% of benefits come 2033. If congress were to do nothing and this reduction in benefits occurred, would seniors already collecting benefits in 2033 have…

Ask Rusty – Widower’s Retirement Stymied by Social Security’s “WEP” and “GPO” Rules

Dear Rusty: My wife passed away 4 years ago. I want to retire so called SSA and was told I can collect my own SS at 62, reduced by WEP. My wife’s SS was greater than mine, but they said…

Ask Rusty – Minister Wants to Maximize Social Security Benefit

Dear Rusty: I want to apply for Social Security, but I want to make sure I get all the benefits I have earned. I am a veteran with a 10% disability rating (not sure if that matters). I am 68…

Ask Rusty – Older Husband and Working Wife Seek Guidance

Dear Rusty: I am 74 years old, retired and receiving Social Security. My wife will be 65 in January of 2025. Our hope was to start paying off some credit card expense by her receiving SS when she turns 65,…

Ask Rusty – Can I Claim Social Security and Still Work?

Dear Rusty: I will be turning 63 soon. Can I apply for Social Security and continue to work?  Would I be limited to how many hours or how much I could make?  I know my monthly SS amount would be…

Ask Rusty – When Should my Wife Claim Her Social Security Benefit?

Dear Rusty: I just saw an article which said that certain spousal options were going away, but there are still good options for when a spouse can claim. I am filing for my Social Security to start in October when…

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