Ask Larry


Should My Wife Retire?

Hi Larry,
My wife is 63 and I am 55. She has a good paying factory job, but it is more difficult as the years go by. She has worked for 35+ years but only has made decent money in the past 10 years. She really wants to retire. Should she?

Tuesday, June 1, 2021 - 16:31

Can I Collect Social Security And Unemployment Benefits In The State Of Ohio With No Penalty?

Can I collect social security at FRA and unemployment benifits in the state of ohio with out any penalty?

Hi. I don't know about Ohio's unemployment regulations, but if you're drawing unemployment benefits from any state it wouldn't have any effect on your Social Security benefits. That would still be true even if you were drawing Social Security benefits prior to full retirement age (FRA).

Best, Jerry

Tuesday, June 1, 2021 - 16:25

Who Is Responsible For Paying Back SS Taxes If Your Employer Failed To Collect The Taxes?

Hi Larry,

If a group of public employees whose positions are under a long standing 218 Agreement for Social Security coverage were improperly removed from that coverage by the employer, and it is later found by Social Security that the coverage should have continued, do the employees have to pay back their share of the SS taxes retroactively or does just the employer pay? I can't find any information on this anywhere. Thanks!

Monday, May 31, 2021 - 20:39

Will Social Security Offices Open Up Again?

Will social security offices open up again so my husband can go in person? We live in PA.

Thank you.

Hi. I'm sure that Social Security offices will reopen to the public at some point, but I don't have any inside knowledge on when that may happen. Frankly, though, I'm surprised that they haven't already reopened given the current state of affairs. My best guess would be that we'll see offices reopening at least partially within the next few months.

Best, Jerry

Thursday, May 27, 2021 - 10:14

When Would Be The Best Time Of The Year For Me To Retire?

I am 70 still working and and applied for my SS benefits 3 months before turning 70. I plan to retire in 5 years. My question is when is the best time of the year for me to retire on my 75 March birthday, 6 months into the year or end of the year?? Also, being divorced I was eligible for spousal benefits . After the second year of receiving spousal benefits SSA informed me that I was overpaid and would have to pay them back! The benefit amount was practically cut in half!I appealed under “no fault of my own” since it was their computation that made the error!

Monday, May 24, 2021 - 18:37

What Can I Do To Get My Payments Resumed?

Social security was paying me on the third week of month and just stopped paying No phone call no email nothing mailed to me so I called ss office and women told me they stopped payment but did no leave reason. She said she sent message to another dept. and that it would take 15 days to get answer. This is my only income. I retired at 62 and I’m 64 now

Saturday, May 22, 2021 - 08:31

Will I Be Able To Keep My Disability Check If I Remarry?

Larry, I draw widows disability from my late husband. I am 62 years old and I am wanting to get married. I’m wondering will I be able to keep my disability check if I remarry? My finance also draws a disability check to. Will we both be able to continue to receive our checks if we marry? My finance is 61 years old. Could you please inform me? Thanks so much, Rhonda

Wednesday, May 19, 2021 - 22:44

Can My Benefit Amount Be Fixed?

dear Larry I live in turkey,non resident and72 years old.I used to live in usa for 13 years andI have 40 credits from ss.I went to LA GARDEN GROVE office and applied for retirement.the officer told me that I would get around 1200-1300 usd wth delayed retirement.but when I get my pay check it was 633 usd. than I called garden grove office they told me that I wasnot living in usa anymore.He told me that my actual benefit 920 usd without delayed reteriment.I get 359 usd from turkish ss as well.( 10 years working).can we fix this.

Thursday, May 13, 2021 - 08:12

What Is The Best Way To Keep More Of My Income From Being Taxed?

Hi Larry I have funds in and IRA that were put in pre taxed. When I take them out they are considered taxable income. I have to claim my social security and this puts me owing taxes on the money I took out and some of my social security. I was born in 1952 and will soon have to take a required distribution amount. What is the best way to keep more of my income from being taxed?

Tuesday, May 11, 2021 - 15:11

If I Open A Trading Account And Buy Stocks, Are The Stocks Not In My Name?

It’s confusing, if I open a tradings account and buy stocks, are the stocks not on my name and when stocks are aren’t other people buying them? I don’t know how it can be work, I lay in my bed most of the day due to a back injury but with my cell phone I can buy and sell stocks all day, but I can not go anywhere and work from my bed.

Saturday, May 8, 2021 - 09:37
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