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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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Not affiliated with the US Social Security Administration