Q & A

Ask Rusty – Should My Wife Take Her Social Security at Age 62?

Dear Rusty: I have been advised by my financial planner to start my wife’s social security benefits at the age of 62 (she is now 61). I am 65 and still employed, not on Medicare, and not taking social security…

Ask Rusty – Can My Husband Get A Spouse Benefit from Me?

Dear Rusty: I’m wondering if my husband can submit a “restricted application for spousal benefits only.” He is 76 years old, has been receiving his benefit since 2005. His present benefit is $263.50. I am 74 years old, receiving my…

Ask Rusty – Social Security for Children and Younger Wife

Dear Rusty: I am 59. My wife is 48 and has been a stay at home mom for 15 years. We have children aged 13, 10, and 5. I know it makes sense to delay the start of benefits, but…

Ask Rusty – Why Are our Medicare Premiums Different?

Dear Rusty: What is the Medicare monthly payment based on? I pay $139.60, my husband pays $144.60, a friend pays $136.60. I receive $388 per month in Social Security, my husband receives $1200, and my friend receives $1000 per month.…

Ask Rusty – About Working Overseas and Earning U.S Social Security

Dear Rusty: My daughter had menial jobs – part time –  here in the USA during high school and college but shortly after college moved to South Korea to teach English.  After 8 years there she will be going to…

Ask Rusty – Retiring from Work; When Should I Claim Social Security?

Dear Rusty: I turned 63 August 12th, 2019. I will be retiring June 30th, 2020 from my current job. I will have made approximately $35,000 by then and am receiving severance pay of $19,000 on June 30th. Will the pay…

Ask Rusty – Using IRA instead of Claiming SS; Disability Appeal

Dear Rusty: I am currently unemployed and drawing funds from my IRA. I am 62 years old. My financial adviser instructed me to not take Social Security because once I do that the percentage of increase would stop. He said…

Ask Rusty – About the Dreaded “IRMAA” Provision 

Dear Rusty: About a month or two ago I was notified that my Social Security was being reduced from $1,583 a month to about $1,283 a month – a $300 deduction! They said it was because my income was over…

Ask Rusty – Will Taking My Benefit Early Affect My Widow Benefit?

Dear Rusty:. My husband is 70 and has been taking Social Security for several years. His benefit is $2,100 per month. I am 60 and will turn 61 in March. I have very little built up and my expected SS…

Ask Rusty – Does Social Security Ever Make Mistakes on Benefits?

Dear Rusty: Can or does the Social Security Administration occasionally make mistakes in determining the benefits due? I’m now 72 but I retired early at age 61 and knew that my benefits would be reduced.  I’ve always wondered if my…

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