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Opinion

Ask Rusty – Why must I pay into Social Security when I’m collecting benefits?

Dear Rusty: I am collecting full Social Security benefits at age 72 and also working full time. Why is the Federal Government still taking money from my paycheck? I have written to Social Security experts on this issue, and they tell me “It’s the law.” That is not a good answer for me. Approximately $4,400 was taken from my pay in 2023 for Social Security and, yes, I get a pittance of a COLA increase, but not equal to what I pay. No one has been able to fully explain the Federal Government’s thought process on taxing me for Social Security when I am getting full Social Security benefits. Can you? Signed: Working Senior Dear Working Senior: Far be it from me to try to explain the federal government’s thought process on anything, but I can explain why those already collecting Social Security benefits must continue to pay Social Security payroll taxes while working.

Early voting ends Friday

Early voting in the March 5 primary election ends Friday with a host of candidates on the ballot in both parties, including president, U.S. Senate, all 38 Texas U.S. representatives, all 150 Texas House representatives, and down to local races for district attorney, sheriff and other positions.

Ask Rusty – About Medicare’s Dreaded “IRMAA” Provision

Dear Rusty: My wife is on Medicare and receiving Social Security benefits each month. We built a house and used money from our investments to pay for it. We knew we would pay taxes on that withdrawal, but my wife got a letter from Social Security saying that because the money we withdrew was listed as income, her 2024 Medicare premium went up over $500. And since Medicare is taken out of her Social Security, that results in a $6,000 loss to our budget.