Dave Ramsey host warns of Social Security pitfalls in retirement (#321)

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses the misconceptions surrounding Social Security as a retirement plan. With insights into Dave Ramsey's advice and practical strategies for managing Social Security benefits, A.B. provides listeners with essential tips on how to better prepare for retirement. He emphasizes the importance of personal savings and investments rather than relying solely on Social Security. This episode is a must-listen for those approaching retirement or anyone who wants to secure their financial future.

Key Takeaways:

1. Social Security as a Supplement, Not a Solution: Social Security should only be a part of your retirement plan, not the entirety of it. It's projected to cover only about 40% of what you were earning pre-retir ...