Archive: Anqi Chen

Laptop showing Social Security application form on a wooden table

Working longer – when possible – has been generally accepted as good advice for a secure retirement.  It directly increases current income; it allows people to contribute more to their 401(k)s; it shortens the period of retirement; and, importantly, delaying claiming of Social Security results in a much higher monthly benefit…

Young doctor helping an older woman use a walker

Even the best-laid plans can go awry.  Individuals face many hurdles to adequate planning for retirement and, even when precautions are taken, they may be overwhelmed by a big enough shock.  In particular, large medical and long-term care spending shocks can devastate retirees’ hard-won finances…