Covisum Launches Social Security Benefit Cut Calculators Share Article Free Consumer Version Shows the Impact of Potential Benefit Cuts, While Professional Solution Adds Value to Financial Services These calculators allow both consumers and advisors to see what the future could actually look like if they were to experience Social Security benefit cuts. OMAHA, Neb. (PRWEB) April 06, 2021 Today, Covisum®, the developer of Social Security Timing®, Tax Clarity®, SmartRisk™, and Income InSight® software solutions for financial advisors and institutions, announces the release of a new Social Security benefit cut calculator. Throughout the pandemic, many people have decided to claim their Social Security benefits early because of market volatility and high unemployment. 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.