Building a future of true financial security for all
For years, America has been fixated on the here and now, focusing on immediate financial needs without considering what lies further ahead. We tend to address the pressing issues — retirement ages, Social Security payments and short-term market trends — without taking a broader view of the long-term journey toward lasting financial security. It’s time to change that. This year, we must adopt a forward-thinking mindset and work toward a future where every American, not just a select few, can achieve a retirement marked by dignity and peace of mind.
The best time to build an exit plan is not when retirement is in sight, but the very first day you start your career. A well-thought-out plan gives purpose to your work and provides a road map to ensure that when the time comes to retire, you’re prepared not just for the transition but also for a fulfilling chapter ahead.
Financial security in retirement is more than a target number; it’s a testament to a life well planned. Without a strategy that considers protection options, investments and annuities, many Americans will find themselves scrambling, unable to sustain the lifestyle they worked decades to create. This is where EY’s independent research comes into play. Their findings have shown that a holistic financial plan — one that integrates permanent life insurance, diverse investments and annuities — yields significantly better outcomes. It’s not just about one product or one solution; it’s about a synchronized approach that builds a strong, sustainable financial future.
The aging Social Security bridge
For nearly a century, Social Security has played an indispensable role in the financial health of our nation. It has been the backbone of retirement for millions, ensuring countless retirees don’t fall into poverty. To me, it’s like a beloved, historic bridge that has connected generations safely across vast distances and eras, serving as a reliable support in times of need. However, time has taken its toll, and Social Security is now under strain.
It is well documented that Social Security faces solvency issues. An aging population, longer life expectancies and fewer workers supporting each beneficiary reveal a system that, in its current state, is unsustainable. While public policy fixes are essential — and I’ll leave that to the experts — there is a clear and pressing opportunity to reinforce this aging bridge with modern financial strategies that complement and support it.
Imagine an America where financial mastery and holistic planning are integrated into career beginnings. Picture a future in which individuals are empowered with the tools and knowledge from Day 1 to build secure, long-term plans for themselves and their families. Social Security is still very much an essential component of that plan, but it includes a much larger network of support — one that allows individuals to walk confidently across a strengthened financial bridge that yields decades of support.
As we look to 2025, we must commit to realizing this vision. This means promoting policies and programs that encourage early, comprehensive financial education and ensuring diverse financial tools are accessible to everyone. It also means policymakers and regulators working alongside the financial security professionals who dedicate their lives and careers to guiding millions of Americans toward this new path of security. Employers must also step up, supporting their employees in building financial resilience from the start.
Starting a career with a focus on long-term financial health offers more than future benefits; it gives immediate purpose to every paycheck and cultivates a sense of ownership that permeates our everyday lives. When people are confident about their financial future and can see the path they’re marching down, I can only imagine what the contribution to their communities will look like, but I know they’ll certainly approach life with greater optimism.
By acting now, we can ensure that Social Security becomes part of a fortified framework. By fostering a culture of early, holistic planning, we create a future where individuals cross their financial bridge with confidence.
Writing the next chapter
The next chapter of America’s financial story needs to be written with foresight and integrity. It is our duty to future generations to look beyond today and map out tomorrow’s road. This year, 2025, must be the year we prioritize inclusive, comprehensive financial planning that leads to financial security for all. Only by moving beyond temporary solutions can we achieve a future where retirement is not marked by anxiety but rather is a celebration of thoughtful planning and fulfillment.
It’s time to shift our perspective and take inspired action to shape the future of financial security. It’s certainly my hope that 2025 will be remembered as the year we began constructing a new architecture — innovative, inclusive and resilient. By reinforcing the foundation we’ve had over the last century with holistic strategies, we build a network that empowers Americans to face the future with confidence. At this point, we can’t limit ourselves to maintaining the status quo. When we look forward with purpose, we create a future where financial security becomes a milestone of fulfillment, supported by the architecture we envisioned and built with care.
Maggie Seidel is executive vice president of external affairs and chief of staff at Finseca. Contact her at [email protected].
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