Covisum Blog

Account for Social Security Benefit Cuts With Social Security Timing Market volatility and high unemployment caused by the pandemic has left many people nervous about the future of the Social Security system. In fact, the influx of new Social Security claimants, in addition to the reduced income from fewer people working, has some experts estimating that the Social Security system will run out of funds as early as 2029—rather than 2035 as the last Social Security Trustees report indicated. To help you answer your clients’ biggest questions about benefit cuts, we’ve updated our Social Security Timing® software.