Article on Financial Planning for the Non-Retiree

Richard L. Kaplan (Professor, University of Illinois College of Law) has recently published an article entitled, FinancialPlanning for the Non-Retiree, (October 1, 2013). The Elder LawReport, Vol. 25, No. 3, October 2013, pp. 1-5; Illinois Program in Law,Behavior and Social Science Paper No. LBSS14-18.  Provided below is theintroduction to the article:

This article addresses the various options under SocialSecurity, Medicare, and private retirement accounts that should be consideredby individuals who are approaching or have reached their “retirement age” butplan to continue working. Specifically, the article considers Social Security’sbonuses for delaying Social Security retirement benefits and the related impacton a surviving spouse’s benefits, enrollment costs and delayed enrollmentpenalties in Medicare Parts A (hospital coverage), B (physicians’ fees), and D(drugs), and the penalty-free deferral of retirement plan distributions beyondage 70½.