Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTChristy BieberSat, August 15, 2026 at 5:00 PM GMT+2 5 min readgettyimages.com / Steve JenningsWhen making your retirement plans, setting a target retirement age gives you an idea of what your Social Security benefits will look like and how much you need to save each month to hit your nest-egg goal.Unfortunately, many people are making a dangerous mistake when setting their retirement age — at least according to finance expert, Suze Orman.Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake.