Financial Advisor Suze Orman Recommends Claiming Social Security at Age 70

Noted personal finance advisor Suze Orman recommends that people claim Social Security retirement benefits at age 70.

Orman seems to base much of this advice on the fact that currently, Social Security will add a guaranteed 8 percent to your eventual monthly benefit for each year you defer benefits.

In today's low-interest rate environment, a guaranteed 8-percent increase in monthly benefits is notable.