Can We Save Social Security? What Every Retiree Needs to Know

In this week’s episode of Retire in Texas, Darryl Lyons, CEO and Co-Founder of PAX Financial Group, takes on one of the most urgent and often misunderstood topics in retirement planning: Social Security. With headlines swirling, political tensions rising, and myths spreading, Darryl breaks down the real math behind the Social Security system, the challenges it faces, and what retirees (and future retirees) need to understand today.

Drawing on personal stories, economic context, and practical advice, Darryl explains why this issue affects everyone - not just those currently receiving checks - and how thoughtful, long-term thinking can help you navigate decisions like when to claim benefits, how to plan for your spouse’s future, and what tax impacts to watch for.

Key highlights of the episode include:
• Why Social Security has been called a “Ponzi scheme” - and whether that label is fair.
• The looming 2033 shortfall and what it could mean for benefit payouts.
• Why investment policy (or the lack of it) in the Social Security trust fund matters so much.
• The dangers of claiming benefits early without considering your spouse’s future.
• How Social Security taxation really works - and the thresholds that affect you.

Whether you’re already retired or getting close, this episode is designed to help you understand how Social Security impacts your financial picture - and what you can do now to make informed, confident decisions about your retirement income.

For more insights or to connect with a PAX Financial Group advisor, visit www.PAXFinancialGroup.com.
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