Key Points Social Security faces the possibility of broad cuts in the coming years. If you don't like the sound of that, make sure you don't file at a time that will lead to a reduction in your personal monthly benefits. The $23,760 Social Security bonus most retirees completely overlook › If you've been following the news on Social Security, you may be aware that the program's latest financial update wasn't good. The Social Security Trustees shared earlier this year that the program may be looking at a broad benefit cut as soon as late 2032. The reason boils down to a shrinking workforce. Social Security gets most of its income from payroll taxes. But fewer people working means less incoming revenue to fund the program. Missed Nvidia in 2009?
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