Plan Well to Age Well: Financial Preparedness (Arlington Heights Memorial Library)

This list of resources was compiled for as a supplement to the information presented by Karen Chan at the September 17, 2019 program at Arlington Heights Memorial Library.

Social Security and 401(k) Strategies

Why take voluntary distributions from retirement accounts & delay Social Security?

  • Lance Ritchlin, Why 401k And Social Security Coordination Is Critically Important,, This article is targeted at financial advisers, but you may find the information helpful.
  • James I. Mahaney and Peter C. Carlson, Rethinking Social Security Claiming in a 401(k) World, Pension Research Council Working Paper, The Wharton School, University of Pennsylvania. Available at This paper was written before the 2016 changes in Social Security claiming strategies and therefore contains some dated information. However, it is still the most thorough discussion on this topic that I am aware of.

Social Security can give you facts, but not recommendations. To see what Social Security claiming strategy might be best in your situation, try one of these commercial calculators:

 You can find more information about Social Security claiming strategies on this website at  For more information about getting the most from your retirement plan, including 401(k), 403(B), 457 and IRA plans, go to

Long-Term Care insurance

Reverse Mortgages

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