On August 14, we marked the 90th anniversary of Social Security—one of the most significant programs in American history. Signed into law in 1935, Social Security was designed to provide a safety net for retirees, workers with disabilities, and surviving family members.
To appreciate how the program has evolved, you might enjoy exploring the Social Security Administration’s official history page. It offers an interesting glimpse into the program’s origins, the challenges it has overcome, and the pivotal role it continues to play in the lives of Americans.
Through the decades, Social Security has become a cornerstone of retirement income for millions of Americans.
Looking Back—and Looking Ahead
For many, Social Security represents a key piece of their retirement plan. While it was never intended to be the sole source of income in retirement, it provides steady, inflation-adjusted benefits that help create financial stability. That reliability has made it one of the most enduring programs in our economic system.
But as with any 90-year-old program, questions remain:
- Will it continue to be funded?
- How might benefits change for future generations?
- What role should it play in your personal retirement strategy?
- These are all valid concerns—and they’re part of the planning conversations we have every day.
What This Means for You
At EKS Associates, we believe Social Security should be viewed as one important layer in a broader retirement income strategy. By combining Social Security with other income sources─such as savings, investments, and pensions─you can create a retirement plan that balances security with flexibility.
Deciding when to claim benefits is also a critical decision. Claiming early can provide income sooner but at a reduced rate, while waiting can increase your benefit. The “right” answer depends on your personal circumstances, health, and long-term goals.
Planning for the Next Chapter
Social Security has provided a foundation of stability for 90 years, and it will continue to play an important role in retirement planning for years to come. But your future isn’t defined by the program alone—it’s shaped by the choices you make today. At EKS Associates, we’re here to help you understand your options, incorporate Social Security with your broader financial strategy, and ensure your plan reflects the life you envision.
If you have questions about your Social Security strategy or your overall long-term financial plan, let’s talk. Together, we will make sure your financial plan aligns with your vision for retirement.
