Will Social Security Be There for Me?
By Nicole Norris
Wouldn’t it be great if we had a solid “yes” or “no” to that question? Unfortunately, if we look strictly at the numbers, the funds will eventually run out unless something changes.¹ If Social Security were to completely sunset, it would present serious challenges that the government would need to address.
The truth is, no one knows exactly what will happen. So, the best course of action is to ensure that Social Security is not our only—or even our primary—source of retirement income.
As we discussed in our previous article, there are multiple potential sources of income during retirement. These include retirement accounts, individual investment accounts, pensions, annuities, rental income, and even part-time employment. Evaluating your individual situation and identifying which of these options are available to you is a great place to start.
While we all hope that some form of Social Security will still be available when we retire, the reality is that it's largely out of our control. What we can control is our preparedness. Even if Social Security remains intact, it was never meant to fully support retirees on its own.
Just look at the numbers: as of July 2025, the average monthly Social Security payment is $2,006.69.² That’s not far above the federal poverty line, which stands at $15,650 annually—or about $1,304 per month.³ Clearly, relying solely on Social Security would be a tough financial path for most people.
For those already in retirement, recent legislative changes have shown that the system is still evolving. That’s why it’s important to continue diversifying income sources and to regularly review your financial and investment strategies to ensure they align with your current circumstances and goals.
Not sure where to start?
We’d love to offer you a complimentary meeting to review your current financial picture and help you create a personalized plan tailored to your unique needs and future vision.
*Sources: 1Social Security Board of Trustees: Projection for Combined Trust Funds; 2SSA Monthly Statistical Snapshot – July 2025; 3Federal Poverty Level – Healthcare.gov; Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.
We would love to meet with you! At Asset Strategies, it’s our joy to serve clients as both educators and guides. Schedule a complimentary consultation with Nicole Norris, Financial Advisor with Asset Strategies, by calling (402) 933-4642.
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