Is upgrading my SSD necessary?

I finally bought all the parts I need to upgrade my PC, rtx 5070, 7800x3d, B850 mobo, 32 GB DDR5. The only thing I'm stuck on is whether or not I need to upgrade my SSD.

I currently have a Gen 3 WD Blue SN550 500g (also a 1tb hard drive.) I am wondering if this will cause any lack of performance in terms of gaming and possible streaming/editing if I pair it with my upgraded components?

Some advice would be greatly appreciated!