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Opinion

Ask Rusty – Nonagenarian war vet asks about extra credit for his service

Dear Rusty: I’m turning 95 this year and am caretaker for my wife in our 70th year of marriage. I served before 1968 (1951-53) during the Korean War. How do the “special extra credits for military service” work for me? Is it retro-active? My wife, who only worked a short time, gets half of my Social Security so would it affect hers, too? Signed: Korean War Veteran Dear War Veteran: First, I want to express my gratitude for your wartime service to our country and I also applaud your 70 years of marriage. Thank you, and congratulations!

Ask Rusty: Will opening a joint account affect my disabled father’s SSI?

Dear Rusty: I live in Michigan and my senior disabled father lives in rural Kentucky. His income is part Social Security and part disability. I talked to a local credit union near his home and explained I would like to open a joint account. They said as long as he comes in with his ID it’s possible. My question is - will adding money to our joint account affect his SSI and disability? Signed: Caring Daughter Dear Caring Daughter: First, I need to clarify that there are two types of disability programs administered by the Social Security Administration – Social Security Disability Insurance (SSDI), and Supplemental Security Income (SSI).

Augusts with Tears

Usual readers-- both of you, and a few relatives who sometimes read to see if I “got it right”--may remember that a month ago, I decided to put my “quill back in the goose” until September. A few cool days in New Mexico beckoned, and off we drove to the Land of Enchantment, neither footloose nor even close to fancy free, as it turned out.

Why is my age 70 benefit not higher than my January account?

Dear Rusty: I plan to retire in 2025 (the year I turn 70). Given that I’m still working, I’m delaying my Social Security until that year. I noticed on My Social Security statement that my payment in January of 2025 will not be much different than my age 70 amount in October of 2025. If that is truly the case, would it not be better for me to start taking Social Security payments starting in January of 2025. Am I missing something here? Signed: Uncertain Senior Dear Uncertain Senior: Your benefit in October 2025 at age 70 will be about 6% more than it will be in January 2025. If that isn’t shown on your Statement of Estimated Benefits, it may be due to a particular nuance in Social Security’s rules relating to Delayed Retirement Credits.

Paxton trial completes first week

The first week of suspended Texas Attorney General Ken Paxton’s impeachment trial in the Senate ended with his former lead law enforcement officer testifying an Austin developer alleged to have bribed Paxton constructed a “conspiracy theory” that federal officials altered a search warrant for his property, the Austin American-Statesman reported.

I’m 64. When should I claim Social Security?

sOCial seCurity M Dear Rusty: I am 64 years old and still working full time. My question is - when should I start my Social Security? I would like to start it in January 2024 and go part time at work, but would I be losing much Social Security by not waiting until full retirement age? Signed: Trying to Plan Ahead Dear Trying to Plan: You are smart to evaluate the impact of claiming your Social Security (SS) benefits early.