Suze Orman's Women & Money (And Everyone Smart Enough To Listen) If You Take Social Security at 62, What Will You Do at 92?
Dec 4, 2025
Discover why waiting for full Social Security benefits can boost your future finances rather than taking it at 62. Learn about essential legal documents and the significance of trusts to safeguard your assets. Suze warns against purchasing annuities purely for commissions and highlights the benefits of Roth IRA conversions. From assessing low savings for elderly parents to the advantages of a 457(b) plan for young workers, this discussion is packed with practical advice to enhance your financial wellness.
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Vicki's Long Wait Yielded Bigger Social Security
- Vicki waited until 70 to claim Social Security and received a 30.7% increase, which she says was worth the wait.
- She tried to persuade coworkers who claimed at 62, and now she thanks Suze Orman for the guidance.
Delay Social Security For Bigger Lifetime Benefit
- Avoid claiming Social Security at 62 in most cases because benefits are permanently reduced.
- Wait at least until full retirement age (around 67) to maximize lifelong income, Suze Orman warns.
Get Must‑Have Estate Documents And Check Co‑op Rules
- Create or update essential estate docs (will, trust, POAs, advanced directive) using Must-Have Docs to auto-populate forms.
- Check co-op transfer rules and consider probate costs if no revocable trust exists, Suze Orman advises.