Ask Rusty
Ask Rusty – When is the best time for me to claim Social Security?
Dear Rusty: I will be 66 ½ in June and would like to discuss when would be the best time for me to start taking my social security benefits. I am still employed full time and don’t want to be…
Ask Rusty – Can My Wife and I get Spouse Benefits from each other?
Dear Rusty: My wife and I are currently collecting Social Security. We both started receiving SS at 62 years old. That said, we get by on a tight budget. A retired friend told us about an option which allows a…
Ask Rusty – Should I Wait until Age 70 to Claim Social Security?
Dear Rusty: I am a married woman, at my full retirement age, and the primary earner in my marriage. How do I know if I should take my Social Security now or wait till 70? I will lose quite a…
Ask Rusty – About Social Security Benefits for Someone with Multiple Ex-spouses
Dear Rusty: If a financially well-off individual had multiple ex-spouses, could it happen that the multiple ex-spouses could each be collecting Social Security based on their own financial situation as compared to their rich ex-spouses? Thus, multiple payouts by SS?…
Ask Rusty – About How Medicare Premiums Are Determined
Dear Rusty: Please explain the Medicare premium increase based on income reported to Social Security? For those of us that waited to draw Social Security until age 70, and who are still working – drawing a salary, and planning to…
Ask Rusty – About Signing up for Social Security and Medicare Part B at 70
Dear Rusty: I just turned 69 years old in August 2024 and am still working full time. I signed up for Medicare Part A but, it is my secondary insurance because I have great health insurance through where I work.…
Ask Rusty – Should my Husband File and then Suspend His Benefits?
Dear Rusty: My financial advisor used a computer program which told my husband to take his SS at age 68, then suspend it after a few months. What I understood was if my husband started and then stopped taking distributions,…
Ask Rusty – Does Some of my Social Security Payment Include Repayment of my Contributions?
Dear Rusty: I have a question about my Social Security benefits. Would I be correct to assume that part of the monthly Social Security income I get is a repayment of what I contributed to the fund while I was…
Ask Rusty – Does Congress Pay into Social Security?
Dear Rusty: I’ve been told that members of Congress do not have Social Security deducted from their pay; Additionally, that their retirement dollars come from the Social Security Administration purse even if they only serve as a member of Congress…
Ask Rusty – Should I Retire at 65 or 67? And What About Earnings & Taxes?
Dear Rusty: I’m just trying to figure out how to determine whether to retire at 65 or 67 and, if I retire, approximately how much could I make outside of my Social Security without being overly taxed. Signed: Thinking About…