The 2026 Social Security Trustees Report estimates that by 2034, the program will only be able pay 83% of promised benefits. Unless action is taken, retirees risk losing 17% of monthly checks in the near future.

Advisors have a key role to play in outlining the potential risks to retirement plans and to outline steps clients can take to mitigate them. This paper reviews case studies in terms not only of projected benefit reduction due to program insolvency, but also the required investment to generate retirement income to offset lost benefits. The data shows that while anticipated reductions are significant, reasonable one-time investments today can address the worry about future benefit cuts.

This paper, along with HealthView’s newest planning application, ClaimSync, calculates the potential impact of benefit reductions on future retirees, and the income planning solutions to offset cuts to Social Security.