Q & A

Ask Rusty – Will My Social Security Benefits Ever Stop?

Dear Rusty: Has someone who paid into Social Security for most of their life ever lost their benefits later in life? For example, if they start collecting benefits at age 62 and live to be 85 or longer, could they…

Ask Rusty – Why Isn’t My Wife Getting Half of My Benefit?

Dear Rusty:  My wife isn’t getting half of my Social Security benefit amount. Shouldn’t she be?  Signed: Feeling Cheated Dear Feeling Cheated: A spouse does not always receive 50% of the husband’s Social Security benefit, because it depends on the…

Ask Rusty – I Need Guidance on Social Security and Medicare

Dear Rusty: I am turning 67 in October and as of today am still employed full time. I really do not plan on retiring unless I am forced to. But how do I arrange my Social Security and Medical care…

Ask Rusty – About the Mystery of Spousal Benefits

Dear Rusty: From what I’ve researched, the formula for spousal benefits seems very complicated. I read somewhere that it was a good idea to start the lower earning spouse’s benefit at age 62 and have the higher earning spouse file…

Ask Rusty – Can I Get Social Security With My Municipal Pension?

Dear Rusty: I retired from a municipal Fire Department seven years ago at the age of 54. It is a private pension, and I was exempt from Social Security while I was working. I receive about $50,000 per year in…

Ask Rusty – No Dumb Questions About Social Security

Dear Rusty: I have some questions about Social Security, but I’ve never been old before so these may be dumb questions. My 66th birthday is in October 2021; do I put in for Social Security in January 2022? Or when?…

Ask Rusty – Can I Help My Friend with His Social Security?

Dear Rusty: I am trying to help a good friend of mine who lives in Indiana and is 80 years old. I am very concerned as he’s not now collecting SS for some reason, and I have no idea why.…

Ask Rusty – Can I Claim My Widow’s Benefit at Age 57?

Dear Rusty: My husband passed away in 2001, and he paid into Social Security every year he worked, which would be over 30 years. If he were alive today, he would be 75 years old. I am 57 years old…

Ask Rusty – Should We Get Married or Just Live Together?

Dear Rusty: My question is about benefits and getting married. I am a retired man, 65-years-old, and collecting Social Security plus 2 pensions. My girlfriend will turn 62 in October of 2020 and plans to apply for Social Security benefits…

Ask Rusty – Can I Hide My Social Security in A Tax-Advantaged Account?

Dear Rusty:  I will be 62 years of age at the end of this year. Can I start drawing my Social Security at age 62 and have it directly deposited into my IRA (arm’s length), not spend it and continue…

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