Expert reveals the secret to setting yourself up for success in retirement

As Social Security benefits face potential insolvency by 2033 with a projected 21% cut, personal finance expert Jade Warshaw from Ramsey Solutions advises not to rely solely on these benefits for retirement. Instead, Warshaw recommends paying off consumer debt, saving three to six months' income, and investing 15% of gross income monthly to build a secure retirement fund. For those considering when to start collecting Social Security, Warshaw suggests taking the benefit at 62 if financially stable, but emphasizes the importance of investing these funds.