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No Simple Answer to Question on When to Claim Benefits

Dear Rusty:I’m almost 59 and hope to retire from working soon. Should I take Social Security as soon as possible, or wait for the maximum amount?Signed: Planning Ahead Dear Planning Ahead: I’m afraid there’s no simple answer to your question, except “it depends.” It depends on your health; it depends on your need for the […]

Dear-rusty
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Planning-ahead
அன்பே-துருப்பிடித்தது
சமூக-பாதுகாப்பு

Wife's benefits not affected by husband's state pension

GREAT BEND TRIBUNE More By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Wife’s benefits not affected by husband’s state pension Social Security Matters 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 amount of my state pension. My wife is 71 and receives a Social Security benefit of about $600 a month. When I die, can she get a portion of my Social Security benefit? And will it increase since she will not be getting my full state pension? Signed: Retired Public Servant 

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Association-of-mature-american-citizens
Dear-rusty
Fire-pension
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Retired-public-servant
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Windfall-elimination-provision
Mature-american-citizens

Ask Rusty: Should I wait until age 70 to claim?

GREAT BEND TRIBUNE More By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Ask Rusty: Should I wait until age 70 to claim? Social Security Matters Dear Rusty: I have read your answers to the commonly asked question of “When should I claim social security benefits.” You always say one should wait as long as possible (up to age 70) to get the maximum monthly benefit. But I have not seen you address the matter of all the money you could have collected if you start drawing sooner and how many years it will take, if you wait, to recoup all that money.  

United-states
American
Association-of-mature-american-citizens
Dear-rusty
Confused-senior
Social-security
Mature-american-citizens
ஒன்றுபட்டது-மாநிலங்களில்
அமெரிக்கன்
சங்கம்-ஆஃப்-முதிர்ந்த-அமெரிக்கன்-குடிமக்கள்
அன்பே-துருப்பிடித்தது

About repaying Social Security money taken out by politicians

Dear Rusty: It is common knowledge that over the decades politicians have taken billions if not trillions of dollars out of the Social Security fund to finance other government programs. This information is never published or addressed and having the government repay this money back to SS is never discussed, as it seems to be the most logical solution. When the SS program is financially viable again, future changes to the program can be discussed in a more meaningful way. Signed: Informed Senior Dear Informed: I’m afraid that what you refer to as “common knowledge” is actually a common myth, pervasive on social media but nevertheless not accurate. Here at the AMAC (Association of Mature American Citizens) Foundation we have thoroughly researched this charge and reality is that every dollar ever contributed to Social Security since the program’s beginning has been used only to pay benefits to beneficiaries, or to pay for the cost of running the Social Security Adm

Vietnam
Republic-of
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Americans
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Security-administration
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Association-of-mature-american-citizens-foundation

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