Dave Ramsey has surprising advice on Social Security
The financial guru’s suggestion goes against common warnings.
Social Security is a critical source of income for retired seniors. The Social Security Administration (SSA) says that among households aged 65 and over, 50% get at least half of their retirement income from Social Security.
The SSA also reports that among households 65 and over, 25% rely on Social Security for 90% of their retirement income or more. This underscores the importance of maximizing benefits, especially given Americans’ broad lack of long-term savings.
