Financial Planning for the Non-Retiree
The Elder Law Report, Vol. 25, No. 3, October 2013, pp. 1-5
6 Pages Posted: 10 Oct 2013 Last revised: 2 Dec 2013
This article addresses the various options under Social Security, Medicare, and private retirement accounts that should be considered by individuals who are approaching or have reached their “retirement age” but plan to continue working. Specifically, the article considers Social Security’s bonuses for delaying Social Security retirement benefits and the related impact on a surviving spouse’s benefits, enrollment costs and delayed enrollment penalties in Medicare Parts A (hospital coverage), B (physicians’ fees), and D (drugs), and the penalty-free deferral of retirement plan distributions beyond age 70½.
Keywords: Taxation, Social Security, Medicare, Retirement, Financial Planning
Suggested Citation: Suggested Citation