Boldin is launching a new capability that allows future retirees to see how possible cuts to Social Security benefits could impact long-term savings.
The tool comes as the Congressional Budget Office projects depletions in the Social Security trust fund by 2032. If Congress does not implement any reform, benefits could be slashed by as much as 28% in the next six years.
Boldin’s capability would permit savers to plan ahead for those possible reductions, rather than waiting around for the next several years.
“Social Security is one of the most consequential and most uncertain inputs in any retirement plan, and right now, millions of Americans are asking what happens to their future if benefits get cut,” said Steve Chen, CEO and Founder of Boldin. “This feature is about giving people the ability to look that question directly in the face and plan confidently around multiple outcomes, not just the best-case scenario.”
Boldin members can access the Social Security reduction modeling tool directly within their existing plan. From the platform, savers can use the benefit reduction scenario and set a custom reduction percentage and start year. This will allow them to see future income projections, retirement cash flow, and spending scenarios for all Social Security-type benefits, including spousal and survivor support.
While the capability is auto set at the CBO’s current 28% reduction, planners can test any scenario.
Boldin states that more savers are utilizing self-serve digital tools to feel supported as millions of Americans remain unprepared for retirement.
Others are pleading with Congress to draw attention to potential cuts. A 2025 Social Security Confidence Survey by PlanGap found that 70% of respondents said they are “very” or “extremely” concerned that they may not receive full benefits as promised, and 68% reported low confidence in the government’s ability to solve the funding shortfall without reductions.