India, April 29 -- With economic uncertainty, rising inflation, and growing concerns about Social Security's future, Americans are more focused than ever on retirement planning. But according to personal finance expert Dave Ramsey, many are still getting it wrong - and relying too heavily on one popular savings vehicle: the 401(k), as reported by TheStreet.

A 401(k) is a workplace retirement savings plan that allows employees to contribute a portion of their salary before taxes, with taxes paid upon withdrawal in retirement. Employers often offer matching contributions, making it an attractive and widely used option. Yet despite its popularity, Ramsey argues that a 401(k) alone is not enough to secure a financially stable retirement - an...