Financial Planning for the Non-Retiree

The Elder Law Report, Vol. 25, No. 3, October 2013, pp. 1-5

Illinois Program in Law, Behavior and Social Science Paper No. LBSS 14-18

6 Pages Posted: 10 Oct 2013 Last revised: 2 Dec 2013

Richard L. Kaplan

University of Illinois College of Law

Abstract

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

Kaplan, Richard L., Financial Planning for the Non-Retiree. The Elder Law Report, Vol. 25, No. 3, October 2013, pp. 1-5; Illinois Program in Law, Behavior and Social Science Paper No. LBSS 14-18. Available at SSRN: https://ssrn.com/abstract=2337792

Richard L. Kaplan (Contact Author)

University of Illinois College of Law ( email )

504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
(217) 333-2499 (Phone)
(217) 244-1478 (Fax)

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