Ask Rusty

Ask Rusty – Shocked Because Medicare Increase Results in Loss of Social Security Benefits

Dear Rusty:  My wife and I have taken a Social Security “Cut” — no 3.2% raise for us, due to something called “IRMAA,” based on our income. We actually took, together, a $400 a month cut. As far as I…

Ask Rusty – Can I Claim Social Security and Still Work?

Dear Rusty: I will be turning 63 soon. Can I apply for Social Security and continue to work?  Would I be limited to how many hours or how much I could make?  I know my monthly SS amount would be…

Ask Rusty – How Do Survivor Benefits Work for a Married Couple?

Dear Rusty:  How does Social Security handle the death of one spouse? Say, for example, the husband receives $2,000 per month in Social Security and his wife receives $1,000 per month. How is the death of either spouse handled? Signed:…

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 – When Should I Retire and Claim My Social Security Benefits?

Dear Rusty: I am 64 years old and having difficulty working due to my arthritis, but I can continue part time as a podiatrist. I do not know the best way to determine when to retire. What is the formula…

Ask Rusty – I’m a Veteran. How Do I Get My Extra Social Security?

Dear Rusty: As a military veteran, I was told that the final amount of my Social Security should be a little higher as a reward for military service. If so, I have two questions: 1. How much is the boost?…

Ask Rusty – Will Work Earnings Affect My Social Security at Age 80?

Dear Rusty: I am 80 years old, and I receive monthly Social Security benefits, but I’m thinking about returning to work. At this age, am I limited in how much income I generate without affecting my benefit? If so, how…

Ask Rusty – Cutting Social Security Will Make Me Lose My Home!

Dear Rusty:  Politicians are talking about taking money from Social Security, but I need that money to support my daughter and pay for my home. I’m a widow, and my husband passed in 2017. I’ll lose my home if my…

Ask Rusty – About Social Security’s “First Year Rule”

Dear Rusty: I’m considering filing for my SS at age 64 in February, before my full retirement age of 66 years and 10 months. I’m working full time and would like to continue earning until I meet the $21,240 limit…

Ask Rusty – What Counts for Social Security’s Earnings Limit?

Dear Rusty: I retired on February 1st of this year (2022). I collect a pension from my employer plus a union pension, as well as Social Security, all of which started in February 2022. I am married and I’m 65…

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