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Don't Take Social Security Until Age 70 Says Suze Orman

Personal finance adviser Suze Orman says seniors should not start drawing Social Security retirement benefits until age 70.

Main reason is that your annual benefit at age 70 will be 76 percent higher than what you're eligible for at 62.

Excerpt :

My advice: If you're married, the higher earner must, must, must delay Social Security until 70. If the other spouse wants to start earlier—I seriously hope not before age 67—I will allow it. (That said, if you have a medical condition that prevents you from working, or raises the likelihood you won't live into your late 80s or 90s, then claiming earlier may make sense.)


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National Social Security Advisor Certification Available

If you're looking for advice on Social Security benefits, it may be useful to find someone with the "National Social Security Advisor" certification.

Although the NSSA appears to be a privately issued certificate, it seems to convey some level of knowledge about Social Security benefits. Finding a financial advisor with NSSA certification may be something worth exploring.

Good Article on Social Security Benefits for Divorced People

This is a good article which outlines Social Security benefits for divorced people. The article refers to "divorced women", but it also applies to divorced men (especially if the woman had higher earnings).

Excerpt :

The law says a divorced woman, who was married to her ex-husband for a minimum of 10 years, is due essentially the same benefits as a woman who is currently married to her husband.


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Not affiliated with the US Social Security Administration