Update on Social Security Trust Fund Projections – 2025 Trustees Report
📰 Summary
The Social Security Administration just released its annual Trustees Report on June 18, 2025. While Social Security remains solvent in the near term, the projected depletion date for the combined trust funds has moved one year earlier than previously estimated. This reinforces the importance of proactive retirement income planning.
- The combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds are now projected to be depleted in 2034, at which point only 81% of scheduled benefits would be payable.
- The OASI fund alone remains on track for depletion by 2033, covering about 77% of scheduled benefits at that time.
- The DI fund remains projected to stay solvent through the full 75-year outlook.
- In 2024, the trust funds ran a $67 billion deficit, with $1.48 trillion in expenditures exceeding $1.42 trillion in income.
- The 75-year actuarial deficit rose to 3.82% of taxable payroll, up from 3.50% last year.
Source: Social Security Administration, “Social Security Board of Trustees: Projection for Combined Trust Funds One Year Sooner than Last Year,” June 18, 2025. Link:SS Board of Trustees Report - June 2025
🔍 What This Means for You
Although benefits remain fully payable for the next several years, the trend emphasizes the need to develop retirement plans that are resilient to future changes. Relying solely on Social Security may not be sufficient in the long run. This is why we take a comprehensive and conservative approach when planning for your future income.
✅ How Crosswalk Is Responding
At Crosswalk Investment Advisory, Inc., we are integrating the latest Social Security forecasts into our planning strategies. We are:
- Reassessing portfolio income strategies to ensure long-term sustainability.
- Monitoring legislative developments that could impact benefits or eligibility.
- Exploring supplemental income strategies such as Roth conversions, annuities, and diversified taxable income sources.
📅 Next Steps
If you have questions about how these projections affect your plan, please contact our office to schedule a discussion. We remain committed to building robust, risk-aware strategies tailored to your needs.