Q & A

Ask Rusty – Will my Canadian pension affect my U.S. Social Security?

Dear Rusty:  I worked for 15 years in Canada and for 20 years in the USA and I live in the USA. I will get Social Security from the US soon and I suspect that I can get a smaller…

Ask Rusty – Age Seventy hasn’t yet applied for Social Security

Dear Rusty: How can I maximize my monthly Social Security benefit? I’m already 70 years old – almost 71 now. Signed: Ready to Apply. Dear Ready to Apply: You’ve already maximized your monthly Social Security benefit by waiting until age…

Ask Rusty – Should I claim benefits early and invest them?

Dear Rusty: I am 64 years old and my wife is 62. We both have good paying careers. Our original plan was to wait until we each turned 70 before drawing our Social Security benefits. But I was talking to…

Ask Rusty – Confused about Working, Medicare and Spouse Benefits

Dear Rusty: I will reach my full retirement age (FRA) in September of 2020 at age 66. My wife will be 64 at that time and will start drawing her SS at 1/2 of my benefit because it will be…

Ask Rusty – Couple with Age Difference Planning Benefits

Dear Rusty: I am nearing my full retirement age of 66 and given the differences in age of my wife and I, and the retirement benefits we will each receive; I was wondering what the best options are for us…

Ask Rusty – Computing Benefits When “WEP” Applies

Dear Rusty: My wife is subject to the Windfall Elimination Provision (WEP) and I’m trying to calculate what her monthly Social Security payment might be. The circular provided by SS says that her earnings will be calculated by multiplying the…

Ask Rusty – Older Father Seeks Benefits for Young Children and Wife

Dear Rusty: I was 62 in February and my 44-year-old wife and I have 3 young daughters ages 5, 7 and 13. My 2019 income via wages will be about $98,000. My wife does not work outside our home. In…

Ask Rusty – Worker Received Overpayment Notice from Social Security

Dear Rusty: I have a problem with Social Security. They told me if I went over the annual earned income limit they would withhold $1 for every $2 I went over. But they did not tell me about the monthly…

Ask Rusty – What Social Security Benefit Will My Wife Get If I Die?

Dear Rusty: I am 69 and have been holding off on collecting my Social Security payment until I’m 70 on the assumption that my wife would collect my benefit if I died first. My thought was that she would collect…

Ask Rusty – Is Social Security based on Last 3 years of Work?

Dear Rusty:  I have heard many times that what is earned the last 3 years you work before drawing Social Security benefits determines what your benefit dollar amount will be. Is this true? If not, what determines your benefit dollar…

Website by Geiger Computers