The latest data released by the trustees of the Social Security program offers a stark warning to financial advisors and their clients: The primary trust fund used to pay retirement benefits is set to become depleted in 2033.

At that time, payroll tax revenue is expected to fund between 75% and 80% of scheduled Social Security benefits, according to the latest trustees report. As such, Americans relying on the program for retirement security face substantial benefit cuts in just a decade’s time should Congress fail to act.