Page 9 - Ask Rusty News Today

Ask Rusty – Should I Claim Social Security Now or Wait Until I’m 70? AMAC Certified Social Security Advisor Association of Mature American Citizens Dear Rusty: Im currently 67 years old and still working full time. I took a big financial hit in 2008, which is why Im still working, and I expect to continue working until Im 70. My question is: should I take Social Security now, bank it until I’m 70, and then pay it out to myself upon retirement? Or would it be better to hold off until I’...

Ask Rusty – Avoiding WEP & GPO Reductions AMAC Certified Social Security Advisor Russell Gloor Association of Mature American Citizens Dear Rusty: I am a retired Texas teacher receiving my State pension. I retired in February 2009, before the end of a “loophole” which affected my future Social Security. I had earned enough credits to receive Social Security benefits in addition to my Teachers Retirement System (TRS) pension. At 62 I began getting my SS benefit (reduced by my TRS pension)...

RUSSELL GLOOR: Ask Rusty - Avoiding WEP, GPO reductions Russell Gloor, Guest columnist FacebookTwitterEmail Russell Gloor, Ask RustyRussell Gloor Dear Rusty: I am a retired Texas teacher receiving my State pension. I retired in February 2009, before the end of a “loophole” which affected my future Social Security. I had earned enough credits to receive Social Security benefits in addition to my Teachers Retirement System (TRS) pension. At 62 I began getting my SS benefit (reduced by my TRS...

Ask Rusty – How Will My Wife’s Benefits Be Affected by My State Pension? AMAC Certified Social Security Advisor Russell Gloor Association of Mature American Citizens Dear Rusty: I am 73 and receive a pension from my state’s Police and Fire Pension Fund. I took a full pension, so my wife only gets a widow’s pension when I die, and this is only a fraction of what my full pension is. I also get a small Social Security benefit, about $95 a month, and that amount is pro-rated because of the...

John Grimaldi “We’re not giving up on our efforts to eliminate the unfair income tax on Social Security benefits. The Senior Citizens Tax Elimination Act is being reintroduced and the Association of Mature American Citizens [AMAC] will be doing what it takes to encourage lawmakers to support the measure,” says Bob Carlstrom, president of AMAC Action, the association’s senior advocacy affiliate. The original Social Security and tier 1 railroad retirement benefits were specifically exemp...

Ask Rusty – Delayed Claiming; Am I Now Getting the Right Amount? AMAC Certified Social Security Advisor Russell Gloor Association of Mature American Citizens Dear Rusty: I am having problems getting answers from the national Social Security office or the local agent who I first spoke with to apply for my benefits. I am 70 in January 2021 and applied for benefits at the end of August 2020. I asked to have benefits start in October 2020 with my first payment received in November. I was told tha...

Ask Rusty - Did My Wife Get A “Notch Baby” Benefit Increase? AMAC Certified Social Security Advisor Russell Gloor  Dear Rusty: I was born in May of 1930, and my wife was born in April 1931. My wife claims she received an increase in her Social Security benefit due to the “Notch Baby” provision. Is she correct about this? Signed: Inquisitive Husband Dear Inquisitive: Allow me to clarify for you what your wife is referring to, and you can use your own judgement on how to present the ...