Columns/Opinions

Ask Rusty – Will my WEP Reduction Go Away if I Continue Working?

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Dear Rusty: I'm 63 years old and have not yet started my Social Security. I now work for the State of Illinois and will draw a pension from that state’s university system. I don't pay into Social Security from this position and, as a result, my Social Security payment will be reduced. But I have also worked elsewhere and contributed to Social Security for 26 years.

Ask Rusty – Will Withdrawing from 401(k) Affect My Social Security?

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Dear Rusty: My full retirement age (FRA) is 66 and 8 months, which I’ll reach in September 2024. I’m still working 3 days a week. I want to cash in my 401K and want to know if I have to wait until my FRA for IRS purposes or can cash it in anytime in 2024. I don't want to affect my Social Security or end up paying taxes on my benefits. Signed: Seeking to Avoid Taxes Dear Seeking: We’re not experts on IRS matters here at the AMAC Foundation so I can’t address 401(k) questions, but we can provide information on your Social Security circumstances and how 401(k) withdrawals may affect your SS. I assume from your question that you are now receiving early Social Security and wish to avoid any tax consequences thereto by cashing in your 401(k), as well as from working. Here’s what you need to know:

Help American Inventors Bolster National Security

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According to a recent State Department-funded study, China leads the globe in 37 out of 44 critical and emerging technologies, including many in defense, robotics, energy, artificial intelligence, and quantum tools. The United States ranks first in just seven, and comes second in most of the rest.

Gann Files Bill to Protect Oklahoma Students From Hostile Foreign Governments

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OKLAHOMA CITY - Rep. Tom Gann, R-Inola, said he is taking a proactive step toward safeguarding Oklahoma’s public school students with the introduction of House Bill 3112. The bill would prohibit schools and school districts from accepting financial donations or gifts from countries designated as 'hostile' or 'Countries of Particular Concern (CPC)' by the United States Secretary of State.

Rep. Kevin Wallace Elected to NASC Executive Council

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OKLAHOMA CITY – During the 20th Annual National Assembly of Sportsmen’s Caucuses (NASC) Sportsman-Legislator Summit held in Dewey Beach, DE, Rep. Kevin Wallace, R-Wellston, was elected to serve a full, two-year term as a member of the NASC Executive Council (EC).