Social Security’s trust fund is projected to be depleted around 2032. If that happens without legislative action, benefits could be reduced by roughly 28%. Boldin now lets you model this scenario in your plan—so your projections reflect the risk, not just the best case.

Reference: Congressional Budget Office Budget and Economic Outlook

Social Security benefits are calculated as usual, and no benefit reduction is applied unless you select to model a reduction. The default is a 28% reduction to projected Social Security benefits starting in 2032. This is based on current Congressional Budget Office estimates and reflects what a trust fund depletion would mean for benefit payouts.

You’ll see this reflected in your income projections and any charts that include Social Security as an income source. You can change this assumption at any time, either turning it off or selecting another percentage and start year.

Where does the 28% figure come from?

The 28% reduction is based on Congressional Budget Office projections for the Social Security trust fund depletion scenario. It represents the estimated gap between incoming payroll tax revenue and scheduled benefit payments after 2032. This is a planning assumption—not a guarantee of what will happen.

Can I set a different reduction percentage?

Yes. You can enter any percentage from 0% to 100% and change the start year to match your own assumptions. Some users model a range of scenarios—for example, a 15% reduction versus a 28% reduction—to understand the difference in outcomes.

Does this affect both spouses’ benefits?

Yes. The reduction applies to all Social Security income modeled in your plan, including spousal and survivor benefits.

Is this available on all plans?

Yes. All Boldin members—free and paid—can access and adjust this assumption.

Is this available on the Social Security Explorer?

While the toggle is not available in the Explorer, if you have selected a reduction in the active scenario, it will persist when using the Social Security Explorer.