Q & A

Ask Rusty – Does Paying Social Security Payroll Tax Increase my Benefit?

Dear Rusty:  After losing my job of 31 years in 2013 at 63 years of age, I decided to start drawing my Social Security benefits. In 2015 I started a part time job, which I still have. In January 2020…

Ask Rusty – Using a Restricted Application to Maximize Benefits

Dear Rusty: I was born on 1/14/1953, and my wife was born on 6/27/1954. I will have the largest Social Security benefit by 2 or 3 to one. She has been retired for a year or so, but I am…

Ask Rusty – Should I Claim Benefits at Age 67 if I’m working?

Dear Rusty:  My wife and I were talking to some other senior citizens who say it would be more beneficial to start drawing social security when I turn 67 next year, rather than wait till 70, even if I work…

Ask Rusty – How Does My Husband’s Federal Pension Affect Benefits?

Dear Rusty: My husband retired at his full retirement age of 66. He qualified for Social Security but also qualified for Civil Service Retirement System (CSRS). Being so, he falls under the Windfall Offset Provision, and subsequently had his Social…

Ask Rusty – What should I know about Social Security?

Dear Rusty:  I’m 59 years old. When do I need to start looking at what’s available for me – when I start getting closer to age 65?  Signed: Planning Ahead Dear Planning Ahead:  Kudos to you for thinking about Social…

Ask Rusty – Income Tax on Social Security vs. the Earnings Test

Dear Rusty: I retired from work this year (age 62) and I will receive my first social security benefits in September. Is there a special rule for the first year you retire that allows you to not pay taxes on…

Ask Rusty – Understanding the Family Maximum

Dear Rusty: My husband passed away when our children were 3 and 5 years old. I received benefits for myself, our two children and my 14-year-old son from a previous relationship. When my 14-year-old son turned 18, the amount he…

Ask Rusty – What Will My Widow’s Benefit Be?

Dear Rusty: My husband just started receiving Social Security Disability in June. He is diagnosed with a terminal disease that likely he will rapidly succumb to. He will be 65 in Oct 2019. I turned 62 July 2019. I was…

Ask Rusty – Working at 65, So What About Medicare?

Dear Rusty: My husband turns 65 in December of this year, but he is employed and will be on his employer’s health insurance at least through this school year (May 2020). How should we inform Medicare of this situation and…

Ask Rusty – Will My Husband’s Income Affect My Benefits?

Dear Rusty:  Since it looks like a good option for me to retire at 62 and my husband (who is younger than me) to retire at 67, will the income he makes after I retire affect my benefit amount by…

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