Suze Orman Gives Retirees Important Warning About Relying on Social Security in Retirement
It's no secret that retirement planning is difficult, especially as costs continue to rise. Healthcare expenses alone could cost the average 65-year-old around $165,000 out of pocket, according to a 2024 report from Fidelity Investments, with housing and everyday expenses also adding up quickly.For that reason, most older adults will need to maximize their income however they can. Social Security can go a long way, but having the right strategy is crucial. If you plan to rely on your benefits in retirement, popular financial advisor Suze Orman has some important advice.Image source: Getty Images.Continue reading
It's no secret that retirement planning is difficult, especially as costs continue to rise. Healthcare expenses alone could cost the average 65-year-old around $165,000 out of pocket, according to a 2024 report from Fidelity Investments, with housing and everyday expenses also adding up quickly.
For that reason, most older adults will need to maximize their income however they can. Social Security can go a long way, but having the right strategy is crucial. If you plan to rely on your benefits in retirement, popular financial advisor Suze Orman has some important advice.
Image source: Getty Images.
