Working and Social Security
A Retirement Nightmare – Social Security’s Annual Earnings Test
A Retirement Scenario Picture this: You’ve worked all your life in your chosen profession and are getting tired of the rat race. You’re 62 years old and comforted to know that you are now eligible to collect Social Security. You…
Ask Rusty – I’m Still Working; Why Didn’t my Benefit Amount Increase?
Dear Rusty: I have been working somewhat consistently since commencing my Social Security benefit income. I’ve been collecting since my full benefit age of 66, approximately. I’m now 81, and customarily, in about October of each calendar year, Social Security…
Social Security was originally intended for retirement
The original purpose of Social Security was to provide economic security for the elderly and protect them from poverty when they could no longer work; however, a recent report shows that many older people report receiving both wages and Social…
Ask Rusty – Why Won’t Social Security Give me my Benefits?
Dear Rusty: I called the Social Security office, as well as went with my husband when he went to collect his Social Security. Because I work full-time (at about $800/week), they said I could not file for my Social Security.…
About Working While Collecting Social Security
If you are planning to claim Social Security benefits in the near future and you are still working, it’s important to understand Social Security’s “Annual Earnings Test” (AET), the rules of which may limit how much you can earn while…
Retired and still working? What happens to your Social Security benefits?
The U.S. Department of Labor reported recently that labor force participation by those in the 65 to 74 age group stood at 17% in 1994 and was projected to increase 73% by 2024. While that’s a significant indicator of what’s…