Best Financial Advisors in American Fork, UT

Imagine if you had saved 12% of every paycheck you’ve ever earned - dating back to your very first job as a kid. How much money would that be today? It would be a lot, wouldn’t it? The good news is … you have been doing this. You just didn’t know it. The bad news is ... this money is in the worst possible hands it could be. The government has been collecting up to 12.4% of every paycheck you’ve ever earned. And they’re stashing it away in something called social security. Now it’s your job to ensure you make the right decision to get the most out of your benefits. However, this is a government administered program. And to say that filing for your benefits is complicated, would be the understatement of the year. In fact, 96% of Americans lose an average of $111,000 in lifetime income because they claim their benefits incorrectly. But that’s not even the worst part of it ... When you file for your benefits, you could unknowingly trigger higher taxes on all of your retirement income, double your Medicare premiums and even forfeit thousands of dollars in spousal benefits every year. The key is to not rely on some one-size-fits-all strategy, like claiming your benefits early or delaying your benefits to get the biggest check. Instead, get a customized analysis for your specific financial situation. Click below for more information.