Monday, October 14, 2013
Our good friend and colleague Richard Kaplan, Peer and Sarah Pedersen Professor of Law at the U. of Illinois School of Law has a new article, "Financial Planning for the Non-Retiree" which is in the October 2013 volume of The ElderLaw Report. Dick was kind enough to provide an 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.
His article is also available on his SSRN page, here.
Rock on Dick!
P.S. Faithful readers---and to paraphrase-- keep those news items coming (and in a bit of trivia, who is credited with saying "keep those cards and letters coming in"?)