{"id":295016,"date":"2025-10-11T15:51:29","date_gmt":"2025-10-11T15:51:29","guid":{"rendered":"https:\/\/www.europesays.com\/us\/295016\/"},"modified":"2025-10-11T15:51:29","modified_gmt":"2025-10-11T15:51:29","slug":"3-ways-to-make-sure-you-dont-retire-broke","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/295016\/","title":{"rendered":"3 Ways To Make Sure You Don\u2019t Retire Broke"},"content":{"rendered":"\n

Retirement should be a time to relax \u2014 not stress about money. Whether your golden years<\/a> are approaching or still decades away, money expert Dave Ramsey has plenty of advice to help you retire comfortably.<\/p>\n

Saving enough money to live on in retirement is a must, because Social Security doesn\u2019t have you completely covered. The average retirement benefit was just $1,976 per month as of January 2025, which likely won\u2019t be enough for all your expenses.<\/p>\n<\/p>\n

Therefore, it\u2019s never too early or too late to listen to Ramsey\u2019s retirement advice. Keep reading to learn three of his tips to keep from retiring broke<\/a>.<\/p>\n

Check Out: 4 Secrets of the Truly Wealthy, According To Dave Ramsey<\/a><\/strong><\/p>\n

Read Next: 6 Popular SUVs That Aren’t Worth the Cost — and 6 Affordable Alternatives<\/a><\/strong><\/p>\n

On an episode of \u201cThe Ramsey Show<\/a>,\u201d he advised a 65-year-old caller who admittedly hasn\u2019t made the best money decisions throughout his life. Specifically, the man and his wife are in debt, have little saved for retirement and no nest egg.<\/p>\n

However, the couple had just started Ramsey\u2019s \u201c7 Baby Steps<\/a>\u201d and already put aside $1,000 in an emergency fund. In addition to their mortgage<\/a>, the couple had $22,000 in debt, including a $15,600 car loan.<\/p>\n

Ramsey told the caller to put all his extra money into paying off the $22,000 debt in one year. After that, he said to build an emergency fund that can cover three to six months of living expenses, then pay off the house and start building a nest egg.<\/p>\n

This advice varies slightly from his Baby Steps program. However, Ramsey clearly tailored it to meet the needs of a near-retiree, instead of someone a few decades younger.<\/p>\n

If you\u2019re in debt and nearing retirement, you might apply the same philosophy to your situation. For example, you\u2019d skip step five \u2014 saving for your children\u2019s college fund \u2014 and focus on paying off your home (if you have a mortgage) and investing your money in a retirement account.<\/p>\n

Watch Out: Dave Ramsey Warns: This Common Habit Can Ruin Your Retirement<\/a><\/strong><\/p>\n

They\u2019re not managing your money, but the people you spend time with can influence your financial decisions. For example, on his show, Ramsey noted that it\u2019s not uncommon for people to say you\u2019re always going to have a car payment \u2014 a sentiment he deeply opposes.<\/p>\n

\u201cIf people say the stuff like that, just go \u2018I can\u2019t hang out with you. You\u2019re dumb. I\u2019ll end up like you. I don\u2019t want to be as dumb as you.’\u201d<\/p>\n

This isn\u2019t the first time he emphasized the importance of being cognizant about who you allow to influence your money matters.<\/p>\n

\u201cAlways manage your own money,\u201d he wrote in a Facebook post<\/a>. \u201cYou should surround yourself with a team of people smarter than you, but you make the decisions.\u201d<\/p>\n

Clearly, earning more money<\/a> is easier said than done. However, the more you earn, the more you can save for retirement.<\/p>\n

When offering advice to a 61-year-old caller with minimal savings working 25 hours per week as a cashier, Ramsey told her she needs a new job.<\/p>\n

\u201cThe job you have sucks,\u201d he said bluntly.<\/p>\n

He advised the woman to take inventory of her skillset and try to get a job that might pay $25-$30 per hour. Alternately, he said she might consider becoming an entrepreneur to gain control of her work life.<\/p>\n

If this doesn\u2019t sound reasonable for you, a Ramsey Solutions blog post<\/a> offers several other ideas that could help increase your income. Some of these include getting a side hustle, asking for a raise, working overtime and checking your tax withholdings.<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: Dave Ramsey: 3 Ways To Make Sure You Don\u2019t Retire Broke<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Retirement should be a time to relax \u2014 not stress about money. Whether your golden years are approaching…\n","protected":false},"author":3,"featured_media":295017,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,7780,255,67,132,68],"class_list":{"0":"post-295016","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-dave-ramsey","10":"tag-personal-finance","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115356335141093684","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/295016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=295016"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/295016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/295017"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=295016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=295016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=295016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}