Q & A

Ask Rusty – Will my benefit be the same as my current SS statement says?

Dear Rusty: I recently retired after over 40 years in the construction industry. I’m 60 years young and my wife and I recently moved south to enjoy retirement in a new and milder environment. At this point, we do not…

Ask Rusty – Spouse Benefits vs. Survivor Benefits from Husband Who Delayed

Dear Rusty: My husband is taking retirement next year and we went through the application process yesterday. No surprises until we found out that his delayed benefits do not apply to spousal benefits. His whole purpose of delaying retirement was…

Ask Rusty – What Percent of my Benefit will my Spouse Get?

Dear Rusty: I have heard many different answers on this but there are so many scenarios I can’t seem to find an answer to mine. My wife and I were both born in 1959 and we both turn 60 next…

Ask Rusty – File & Suspend? Restricted Application? Or just wait?

Dear Rusty:  My wife and I were both born in 1953. My wife will reach her full retirement age in March 2019 and I will reach mine in June of 2019. My wife’s benefit will be roughly $2,200/month and mine…

Ask Rusty – Widow’s Benefits or Retirement Benefits?

Dear Rusty: I am 58 years old. My spouse passed away last year, and I am entitled to survivor benefits. I am trying to plan for when I can retire from working, but don’t know if I should take my…

Ask Rusty – Maximizing Spousal Benefits

Dear Rusty: My husband turns 68 next year, and I will be turning 66. He plans on continuing to work and retiring at age 70 to maximize his monthly Social Security benefits. I am retiring next year due to a…

Ask Rusty – Can I get Medicare without claiming Social Security?

Dear Rusty:  I am 63 and my full retirement age is 66 and 2 months. I want to try and hold out to 70 before I start collecting SS. My 2018 Social Security statement said I’m eligible to apply for…

Ask Rusty – Paying Social Security Tax Doesn’t Increase Benefit

Dear Rusty:  If I started drawing Social Security benefits in May of 2007 at age 62 and continued to work and pay Social Security taxes to date, can I expect an adjustment in my benefits? Signed: Working Senior Dear Working…

Ask Rusty – Financial Advisor Spoke of Extra Spouse Benefit

Dear Rusty:  I have applied for and been approved to start collecting my Social Security this month (at age 66). My wife will turn 62 in March 2019 and is planning to apply for benefits then. In a group meeting…

Ask Rusty – U.K. Pension Affects Social Security Benefits

Dear Rusty: Today I had my interview for Social Security and was told that because I receive a government retirement pension from the United Kingdom, my Social Security check will be reduced by up to 55%. My question is, how…

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