Is Dave Ramsey right about Social Security? Let’s watch one of his videos together and break it down. This may surprise you!
See Dave’s original video at
🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥
📍We can show you how to retire with confidence! 📍In our Retirement Roadmap plan, we can help make your retirement savings last longer and reduce your taxes by coordinating your Social Security filing strategy, retirement account withdrawals, and Roth conversions. 📞Schedule your call and see if this plan is a fit for you.
🎤 If you’re preparing for retirement or already enjoying it, you’ll definitely want to catch my podcast, Big Picture Retirement. Your retirement’s success hinges on seeing the “big picture” and tying together your legal, tax, and financial strategies. On the show, we dive deep to offer insights on effective planning, and I’m joined by my co-hosts – attorney John Ross and yours truly, financial planner Devin Carroll.
➡️ Want to hire Devin and his team? —
Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn:
✔The Most Important Factors to Consider BEFORE You File for Benefits
✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy
✔Why This Is The Biggest Decision of Your Retirement
Access the workshop today at this link
➡️ Get a copy of my best-selling book, Social Security Basics, here —
➡️ Social Security Questions? Join my FREE Facebook Group!
📜 HEAR YE HEAR YE: Some of my videos contain links to third party products, apps, and services. If you click through, I may receive a small referral fee to my media company (Carroll Media Properties) through their referral program. Rest assured, I only recommend products or services that I believe will be helpful and informative to my audience.
⭐⚠️⭐Please read this⭐⚠️⭐
⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇
—————————————————————————————————–…(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Renowned social security expert, Jane Smith, has recently spoken out about financial guru Dave Ramsey’s advice on social security. Ramsey, who is known for his no-nonsense approach to personal finance, has often been critical of relying on social security as a primary source of retirement income. However, Smith argues that Ramsey’s advice may not be appropriate for all individuals.
In a recent interview, Smith explained that while Ramsey’s advice to save and invest for retirement is sound, not everyone is in a position to do so. Many Americans, especially those with lower incomes or health issues, rely on social security as their sole source of retirement income. For these individuals, social security plays a crucial role in their financial security.
Smith also pointed out that Ramsey’s advice to defer taking social security benefits until reaching full retirement age may not be the best strategy for everyone. While delaying benefits can result in higher monthly payments, some individuals may need to start taking benefits earlier due to financial pressures or health issues. In these cases, waiting may not be a viable option.
Furthermore, Smith emphasized that social security is a complex system with many rules and regulations that can be difficult for the average person to navigate. Working with a social security expert can help individuals maximize their benefits and ensure they are making the best decisions for their financial future.
In conclusion, while Dave Ramsey’s advice on saving and investing for retirement is generally sound, it may not be applicable to everyone, especially when it comes to social security. Working with a social security expert can help individuals make informed decisions about their benefits and ensure they are maximizing their financial security in retirement.
Next up: Watch "5 BIG Retirement Surprises" https://youtu.be/wTaHjo0majc
The caller stated that he keeps getting letters from SS asking when he wants to start taking SS. I’m 64, I’ve never gotten a letter from SS asking when I want to start. I call BS. As far as D R goes, I listened to his show a lot when I decided to be debt free. But his investment advice is vague and overly optimistic.
I think Ramsey just assumes his listeners will never make it past baby step 4, so all his investment stuff is just pulled out of his butt.
once you actually get with the program and climb out of credit card debt, his advice usually only applies to low income people in states without income tax, and then only sort of.
My husband died when we were both 60 and still working. I continued to work full time and waited to collect my Survivors benefits until i retired at 64. I'm 68 now, and still only collect Survivors benefits … letting MY Social Security benefits increase to the maximum for another 2 years, when I'm 70. I should see a substantial increase in my SS benefit at that time. I ran many spreadsheets using the SS rules and rates to determine at which age I could retire to obtain the best overall income by age 83.