Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze School: It’s Never Too Late To Fix a Mistake
May 19, 2024
Suze Orman discusses retirement planning, advising a listener on making adjustments to their retirement plan. She emphasizes the importance of securing finances for retirement and offers advice on annuity rollovers and financial collaboration with a spouse.
27:15
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Quick takeaways
- Consider the implications of social security benefits and avoid opting for joint and survivor annuity.
- Actively manage retirement finances by delaying retirement, reentering the workforce, and making informed investment decisions.
Deep dives
Financial Advice for Early Retirement
Choosing a 50% joint and survivor annuity can significantly impact a spouse's financial security post-retirement. This option may lead to a substantial decrease in income for the surviving spouse upon the retiree's death. The podcast emphasizes the importance of considering the implications of social security benefits, especially when there is a considerable age gap between spouses. It advises against opting for the joint and survivor annuity due to potential financial drawbacks, recommending a more tailored approach.
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