Suze Orman believes delaying Social Security until 70 offers the maximum benefits, contrasting sharply with Dave Ramsey's view that taking it at 62 provides more immediate flexibility.
Investing early Social Security benefits into a low-cost S&P 500 ETF could allow retirees to maintain growth, building their nest egg while receiving benefits at a younger age.
Dave Ramsey suggests taking Social Security at 62 for greater financial wiggle room and potential for better returns, advocating for aggressive financial maneuvering over a conservative strategy.
Risk tolerance and financial readiness should guide when to start Social Security benefits; Orman and Ramsey represent two opposing strategies based on these essentials.
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