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.

You can now show clients how Social Security benefits cuts will impact their decision about when to claim with the Social Security Timing benefit cut feature and the consumer-facing benefit cut calculator. Share our free consumer-facing Social Security benefit cut calculator with clients and prospects to start a conversation about the impact of potential benefit cuts. Use the new benefit cuts Social Security Timing software feature to find the best claiming decision for the client's unique situation even if the Social Security administration is forced to make cuts. 

The possibility of benefit cuts due to the insolvency of the Social Security system is not enough to suggest that most people should claim benefits early. These calculators allow both consumers and advisors to see what the future could look like if they were to experience Social Security benefit cuts.

Get started now with a FREE trial of Social Security Timing!

Show the Impact of Social Security Benefit Cuts Using Social Security Timing


  1. Click on the folder labeled "Social Security" on the client information page.

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  2. The section labeled "Benefit Cut" allows you to add the year the benefit cut occurs and the percentage that the benefit will be cut by. The default is the year (2034) and percentage (24%) outlined in The 2020 Annual Report of the Board of Trustees. 

  3. Check the box next to "Include in Social Security Timing Report?" if you'd like to add the information about benefit cuts to the PDF.

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  4. View the impact of the benefit cuts by select the benefit cuts option located to the right of the "Full Benefits Projection." 

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When it comes to retirement income, every dollar counts—especially right now. A smart Social Security claiming decision can make a huge difference toward helping your clients meet their retirement goals. Start your 10-day free trial of Social Security Timing—no credit card or commitment required, and help your clients prepare for possible Social Security benefit cuts.

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