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Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Suze School: How Much Do You Know About Social Security?

23 Mar 2025

Description

Since this podcast is designed  to help you tackle your fears and put you in control of your financial future, this Suze School is a pop quizzy all about Social Security.  Make sure you have your Suze Notebooks out, because she’ll tell us, again, all we need to know about Social Security benefits so we don’t make mistakes, when the time comes to collect. Jumpstart financial wellness for your employees: https://bit.ly/SecureSave Try your hand at Can I Afford It on Suze’s YouTube Channel Protect your financial future with the Must Have Docs: https://bit.ly/3Vq1V3GGet your savings going with Alliant Credit Union: https://bit.ly/3rg0YioGet Suze’s special offers for podcast listeners at suzeorman.com/offerJoin Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on the podcast. Download the app by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMISee omnystudio.com/listener for privacy information.

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Full Episode

0.109 - 27.295 Suze Orman

All right, listen up to me, everybody. Interest rates are not going to last. They're going down, down, down, down, down. So I want you to take advantage of the 12 to 17 month CD at myalliant.com. You have to look at it. So much higher than treasuries. I cannot even tell you. So currently, they are paying for amounts of $1,000 to $74,999, 4.25 APR for $75,000 and up. It is 4.30.

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53.817 - 53.797 Unknown Speaker

4.25. 4.25.

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53.857 - 61.22 Suze Orman

4.25. We are strong.

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75.296 - 82.323 Unknown Speaker

And everything it takes. We are strong. We are one.

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98.462 - 124.935 Suze Orman

March 23rd, 2025. Welcome everybody to the Women in Money podcast, as well as everybody smart enough to listen. Suzy Oh here. And for those of you who are new and you're wondering, what is this podcast all about? It's very simple. It's a podcast that tackles your fears and puts you in control of your financial future. Just that simple.

125.855 - 145.101 Suze Orman

And on Sundays, which today happens to be, we have Susie's school. So if I were you, I would definitely get out my pen and paper. Or you can do a pencil if you want. Because you're going to have a quiz today. 35 questions on a topic I've picked for you.

146.161 - 170.999 Suze Orman

But before I do that, I do want to talk to you about one of your greatest questions lately, or should I say your greatest fear, which is, Susie, are they going to cut Social Security? What's going to happen to Social Security? Susie, I can't afford it. They can't cut my Social Security. It's all the money that I have. Slow down and relax.

172.401 - 205.747 Suze Orman

Everything that's happening currently with Social Security is about them cutting people working for Social Security, cutting staff, closing offices. There has been no talk at all about cutting benefits. Now, does that mean in the future there won't be some talk about rearranging benefits just like they did, I think it was in 1983, when they raised the full retirement age from 65 to 67?

208.328 - 226.873 Suze Orman

Do you remember that? But all of you already receiving benefits, your benefits weren't cut. It was for future years, future people. So I would imagine that that is a probability. I have no doubt that they're going to raise the full retirement age.

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