A Retirement Nightmare – Social Security’s Annual Earnings Test

A Retirement Scenario Picture this:  You’ve worked all your life in your chosen profession and are getting tired of the rat race. You’re 62 years old and comforted to know that you are now eligible to collect Social Security.  You…

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A bipartisan Congress presents a bill not to tax lump-sum Social Security Benefits Received by Retirees Affected by WEP and GPO.

In 2025, when the Social Security Fairness Act was signed into law, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) were eliminated. These were created to offset the Social Security benefits of employees who received a pension…

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Did You Know Your Social Security Payments Can Be Garnished?

Even though private creditors cannot touch your Social Security payments, the Federal Government can if you owe it money.  You can also have your Social Security payments garnished if you are in arrears on child support or alimony. The type…

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Nine States That May Tax Your Social Security Benefits in 2025

There are still nine states that may tax your Social Security Benefits in 2025. In 2026, only eight states will still tax Social Security benefits. This is the last year West Virginia is taxing Social Security benefits. Unless any of…

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An Early 2026 Update on Congressional Activity on Social Security’s Insolvency Problem

Despite the popular notion that congressional attention to Social Security’s looming insolvency should be a top priority, not much has been happening on that front so far. Yes, there are a number of competing priorities, not the least of which…

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“Ask Rusty – I’m Still Working; Why Didn’t my Benefit Amount Increase?”

Dear Rusty: I have been working somewhat consistently since commencing my Social Security benefit income. I’ve been collecting since my full benefit age of 66, approximately.  I’m now 81, and customarily, in about October of each calendar year, Social Security…

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