fadfebrian / Shutterstock.com Quick Read Ramsey warns against retiring with debt because monthly payments reduce retirement savings and require higher income during retirement. Social Security replaces only 40% of pre-retirement income. Retirees need personal savings to supplement benefits and maintain their standard of living. If you avoid common mistakes like over-relying on Social Security and going into retirement with debt, you can enjoy more security in your later years. If you’re thinking a ...