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Ask Rusty – When Should My Wife Claim Social Security?Â
Dear Rusty: My wife was born in July 1959, and her recent SS benefit estimate is $3,337 at her full retirement age, or $4,397 at age 70. She is presently employed full-time and intends to continue working until she is aged 70. She is wondering when the most financially advantageous time would be to draw her…
Read MoreAsk Rusty – Will My Social Security Increase if I Keep Working After Applying?
Dear Rusty: I am going to be 67 in a few weeks & I plan on working for another year or two. According to Social Security, they count the best 35 years to come up with your benefit. I currently have 30 years, with 2024 and 2025 taxes yet to be filed. If I take…
Read MoreAsk Rusty – When’s Best Time 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 penalized because of that. Please let me know what I need to do to set…
Read MoreAsk Rusty – Will My Medicare Premium Change because I Sold Investment Property?
Dear Rusty: I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of investment property. I am 66 years old and have been drawing Social Security since I turned 62. My wife is 56 and is a housewife and has no taxable income. Our income comes…
Read MoreAsk Rusty – Can I Avoid Paying the Medicare Premium?
Dear Rusty: Is there any way I can get out of paying the $185 I am told will be taken out of my Social Security for Medicare Part B when I turn 65? We pay for Medicare all our working lives, and now I have to pay a monthly premium for insurance that only covers…
Read MoreAsk Rusty – Did We Err by Starting Wife’s Benefit Now?
Dear Rusty: I hope we haven’t made a mistake! My wife just applied for her Social Security benefit. She was born in May 1962, and the estimated amount of her benefit is $1280 / month. Her work income last year was $5,616; however, mine was about $65,000. I do not plan on taking my benefit until…
Read MoreAsk Rusty – Can I Get Extra Social Security for my Military Service?Â
Dear Rusty: Please help. I served from 1964 to 1966 in the US Army. I have been trying to contact Social Security in order to request extra benefits for veterans. The telephone is a recording, and you never get to speak to anyone. The web site at www.ssa.gov is useless to me. I went to…
Read MoreAsk Rusty – Should I Wait until 70 to Claim Social Security?Â
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 bit if I take it now. How will it affect my taxes if I take it…
Read MoreAsk Rusty – About Claiming Social Security when I have a Health Savings Account
Dear Rusty: I have reached my full retirement age (66 plus 8 months) and plan to apply for Social Security this month, but I’ve seen articles which say that when I apply, I must also take Medicare Part A. This, even though I am continuing to work and am covered by my employer’s health insurance (a…
Read MoreWhy’s Social Security Moved to General Fund?Â
Ask Rusty – Why was Social Security money moved to the General Treasury? Dear Rusty: Why were the Social Security funds moved from the Social Security account to the General Fund with the government? Is it not then called a tax making it an entitlement? That then gives the government control of our retirement. Most…
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