Are you planning to file for Social Security in the next five years in Utah? Retirement experts Tyson Thacker and Ryan Thacker have a critical warning for you.
According to Tyson Thacker, “Many Americans regret their filing decision and needlessly leave tens of thousands of dollars on the table. Social Security is a critical part of your retirement income plan.”
Forbes highlights a shocking statistic: 96% of Americans lose an average of $111,000 in Social Security income due to filing mistakes.
You have one shot to file for Social Security. You want to get it right.
–Tyson Thacker, B.O.S.S. Retirement Solutions
According to the Thacker brothers, the complexity of the Social Security system is causing many to miss out on crucial benefits, leading to a significant loss in retirement income.
“What most people don’t realize is that filing for social security also impacts the taxes on your benefits, IRA and 401K withdrawals, and other investment income. It could even double your Medicare premiums. So, there are many cases where filing for your benefits early could yield the most income.”
What works for one person might not be the best for another.
–Tyson Thacker, B.O.S.S. Retirement
The Thackers emphasize that the difference between the best- and worst-case scenarios in claiming Social Security could mean you gain or lose hundreds of thousands of dollars in lifetime income.
Alternatively, a personalized, tailored approach to maximize benefits is recommended. To aid in this, the Thackers and their team offer a comprehensive Social Security Analysis, free of charge.
This unique opportunity is especially beneficial for families who have saved at least $200,000 for retirement and have not yet filed for social security.
To schedule your free analysis, call 801-990-5055 or click here.
You can view this article on KSL.com.
Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products. Advisory services are offered through B.O.S.S. Retirement Advisors, a Registered Investment Advisory firm. Insurance products and services are offered through B.O.S.S. Retirement Solutions…
