A large number of Americans seeking advice about retirement planning are advised about balancing Social Security monthly payments with regular income from money saved and invested during their working years.

The 2023 "Today's Retirement Crisis" study based on a 2016 survey highlights a surprising statistic — 42% of Americans are not currently saving for the future. This is also reflected in the Fed's 2022 Survey of Consumer Finances which shows that only 54.4% of families had retirement accounts.

Personal finance guru Dave Ramsey recently weighed in on the subject of 401(k) retirement plans, and a less-known improvement to the concept, called a “Roth 401(k)”. And I have to say: Rarely have I seen any concept explained more clearly in 45 seconds,

Ramsey argues that 401 (k)s and Roth IRAs offer predictable growth. Historically, the stock market has delivered average annual returns of 10–12%, making it a much safer bet for those looking to retire with a sizable nest egg.

Dave Ramsey says renting forever is a mistake — but when is the right time to buy? Here’s his advice on avoiding rising housing costs.