Reported 5 months ago
Dave Ramsey discusses the importance of retirement planning and savings, highlighting that while Social Security is a key income source for retired Americans, retirement plans like 401(k)s also play a significant role. Ramsey offers financial advice for individuals of various ages to start planning for retirement, emphasizing the potential of saving 15% of gross income to achieve a comfortable retirement. He suggests maximizing retirement account contributions, finding ways to save money in monthly budgets, increasing income through side jobs, paying off mortgages early, and considering retiring a few years later than planned to benefit from compound interest.
Source: YAHOO