Preparing for Social Security’s uncertain future
A recent analysis from the CRFB estimated that if Trump’s proposal was implemented, Social Security’s funds would run out by 2031.
Preparing for any changes to Social Security is a smart move. And with the average monthly SSA payout standing at just $1,862 and the possibility of a further cut, you’ll want to look for other ways to secure your financial future.
But where to start?
With Advisor.com, you can find the best financial advisor for your needs — both in terms of what they can offer your finances, and what they’ll charge to work for you.
Advisor.com is a free service that helps you find a financial advisor who can co-create a plan to reach your financial goals. By matching you with a curated list of the best options for you from their database of thousands, you get a pre-screened financial advisor you can trust.
You can then set up a free, no obligation consultation to see if they’re the right fit for you.
Strategies for a secure retirement
Consistent contributions are a cornerstone of effective retirement planning. By steadily investing, you’re able to benefit from the power of compound returns, too.
You also may want to invest in steady asset classes, which can be more resilient during economic downturns.
Diversify your IRA
By diversifying with both asset classes and account types, you can build a tax-efficient portfolio that accommodates both your current and future needs.
For example, gold and other precious metals can help stabilize your retirement portfolio. With inflation and market volatility in mind, gold has become a popular option for those looking to protect their assets over time.
The reason is straightforward: these precious metals can’t be printed in unlimited quantities by central banks like fiat money. And because their value isn’t tied to any one currency or economy, these metals could provide protection during periods of economic uncertainty.
Priority Gold is an industry leader in precious metals, offering physical delivery of gold and silver. Plus, they have an A+ rating from the Better Business Bureau and a 5-star rating from Trust Link.
If you’d like to convert an existing IRA into a gold IRA, Priority Gold offers 100% free rollover, as well as free shipping, and free storage for up to five years. Qualifying purchases will also receive up to $10,000 in free silver.
To learn more about how Priority Gold can help you reduce inflation’s impact on your nest egg, download their free 2025 gold investor bundle.
Tap into real estate
Commercial real estate can also serve as a strong addition to your retirement portfolio.
While the office sector has taken a big hit post-pandemic, a recent report from Cushman & Wakefield commented that “for the first time in years, the retail market is at a point of being supply-constrained — at least for space in quality shopping centers." Heightened demand plus insufficient supply could drive increased rents, and strong returns for those invested.
For those interested in further diversification through commercial properties, First National Realty Partners (FNRP) provides accredited investors with access to institutional-grade commercial real estate investments.
The FNRP team has developed relationships with shopping centers across the U.S., as well as the nation’s largest essential-needs brands, including Kroger, Walmart and Whole Foods. Since these businesses are necessity-based, they tend to perform well during times of economic volatility and act as a hedge against inflation. And you can benefit from these same protections by investing in these commercial opportunities through FNRP.
FNRP offers white-glove service for investors, providing key market insights and finding the best properties both on and off-market, while investors can passively collect distribution income.
Save for — and in — your retirement
Last, but definitely not least, it’s essential to have an emergency fund in retirement. Those burdensome surprises are a reason Harris’s website states she plans to cut taxes for 100 million working and middle class Americans, and Trump proclaimed he’ll “make American lives affordable again” at a North Carolina rally in August.
When money is tight, it’s extra important to have funds set aside for unexpected expenses like a trip to the hospital or a bout of car trouble.
If you’re hunting for more ways to save, the Moneywise list of the Best High-Yield Savings Accounts of 2025 offers a one-stop look at the top accounts to grow your retirement wealth in the long run.
