Q & A

Ask Rusty – Why Must I Pay Into Social Security when I’m Collecting Benefits?

Dear Rusty:  I am collecting full Social Security benefits at age 72 and also working full time. Why is the Federal Government still taking money from my paycheck? I have written to Social Security experts on this issue, and they…

Ask Rusty – Should I Claim Social Security at 68, or Wait Until I’m 70?

Dear Rusty: I have a question regarding my SS benefits. I turned 68 this month and work part time. I earned $28,000 last year but will probably gross $36,000 to $38,000 this year. My husband collects his SS, and he…

Ask Rusty – How is my Social Security Benefit Calculated?

Dear Rusty: I appreciate your recent article dispelling the myth that politicians have stolen Social Security money. As a CPA, I dispel this myth repeatedly to clients who falsely claim SS funds have been raided. But another thing I deal…

Ask Rusty – Will my WEP Reduction Go Away if I Continue Working?

Dear Rusty: I’m 63 years old and have not yet started my Social Security. I now work for the State of Illinois and will draw a pension from that state’s university system. I don’t pay into Social Security from this…

Ask Rusty – Will Withdrawing from 401(k) Affect My Social Security?

Dear Rusty: My full retirement age (FRA) is 66 and 8 months, which I’ll reach in September 2024. I’m still working 3 days a week. I want to cash in my 401K and want to know if I have to…

Ask Rusty – How Can I Get Details about My Social Security Payment?

Dear Rusty: How do I find the actual breakdown of the Medicare insurance that I have auto deducted and my actual Social Security payment? I was just looking at a video which explained the 3% Cost of Living Adjustment we…

Ask Rusty – Can Someone Work While Collecting Social Security Disability?

Dear Rusty: If a person is collecting Social Security disability benefits, can they, at any point, work at all? If they can, what is the maximum they can earn and still keep the disability benefit? I am asking because my…

Ask Rusty – Will My Friend’s Fiancée be Entitled to a Survivor Benefit?

Dear Rusty: I have a very good friend who has cancer and will begin chemotherapy this week. He is 71 years old and is currently receiving Social Security benefits. He has been living with his fiancée for a little more…

Ask Rusty – If My Wife Claims Now, Will It Hurt My Social Security Amount?

Dear Rusty: I am 69 years old, and my wife turned 70 early this year. I am still working full time. My wife is not working, but she got a letter from Social Security saying she should take her Social…

Ask Rusty – Are Spousal Benefits Always a Factor?

Dear Rusty: Both my wife and I have worked our entire lives. When we retire, will we both be entitled to full benefit amount each, or will there always be a spousal factor in there? Also, how are those benefits…

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