Ask Rusty

Dear Rusty: I am a 63-year-old single lady, and I have questions regarding Social Security “early retirement,” though I will still be working full time.  I know there is a maximum allowable income limit and, if I exceed that, I will need to return probably 2/3 of my received Social Security benefit. I’m thinking about taking those…

By Russel Gloor Association of Mature American Citizens 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 will get a retirement pension from your career, and you have some…

Dear Rusty: A friend told me about what he believes is a strange thing in the Social Security system. His wife reached her full retirement age (FRA) of 66 several years ago. She delayed filing for Social Security past her FRA and claimed on her 68th birthday in June of that year, exactly 2 years after…

By Russell Gloor Association of Mature American Citizens Obviously, minor children normally aren’t working and contributing to the Social Security program toward their future retirement, but that doesn’t mean Social Security isn’t there to protect them.  In real life, there are two main situations where minor children can collect Social Security benefits based upon a parent’s…

Dear Rusty: Should I take my Social Security now at age 62, or wait till I am 65? I’ve been collecting SS disability due to health issues and was curious if I should wait or claim my regular Social Security retirement benefits now. Signed: Disabled but Wondering Dear Disabled but Wondering: If you are now collecting Social Security…

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. Yet I seem to read articles all the time about people doing so.  My husband just…

Dear Rusty: I am almost 57, divorced after a 14-year marriage. My former spouse is 15 years older than I and made significantly more money than me. I am required to retire from my job at age 60 but expect to keep working in some capacity.   I have a girlfriend of a similar age to…

Dear Rusty: A friend told me about what he believes is a strange thing in the Social Security system. His wife reached her full retirement age (FRA) of 66 several years ago. She delayed filing for Social Security past her FRA and claimed on her 68th birthday in June of that year, exactly 2 years…

Dear Rusty: You’ve said in the past that most people recoup their SS contributions within five years of starting benefits, thus Social Security “is an exceptionally good deal.” Your calculation is correct but misleading; if it were not, SS would have been insolvent long ago. I will, in fact, get “my” contributions back in about five years,…

Dear Rusty: I reached full retirement age back in June, but I have not yet filed to collect Social Security. My husband currently collects SS funds, and he waited until he had reached full retirement age a few years ago. I am considering signing up now to receive my funds, but I am a little…