New Social Security Guide Available for 2026

A new, free guide is now available for Utah residents to help them navigate the complexities of filing for Social Security benefits in 2026. The guide, titled “Your Guide to Filing for Social Security in 2026 and Beyond,” aims to help individuals determine the best time to claim their benefits.

Social Security: A Vital Retirement Income Source

Nine out of ten Americans aged 65 and older currently receive Social Security benefits. According to Gallup polling, 57% of retired Americans consider Social Security a major source of their retirement income. However, potential challenges to the system’s solvency may impact future benefits.

The Looming Social Security Shortfall

Trust Fund Depletion

The Social Security Board of Trustees has confirmed that the Social Security Trust Fund is running out of money. Currently, Social Security is spending more than it’s taking in, relying on the trust fund to cover the difference. Projections indicate the trust fund will be depleted in less than 10 years.

Potential Benefit Cuts

If the trust fund runs out, benefits would be automatically cut based on current law. A recent analysis by the Committee for a Responsible Federal Budget estimates that an average couple could lose $18,100 in benefits annually. Over time, this could amount to significant losses in retirement income.

Maximizing Your Benefits

The Cost of Filing at the Wrong Time

Ryan Thacker, from B.O.S.S. Retirement Solutions, notes that the typical worker misses out on an average of $182,000 in lifetime benefits. Economist Laurence Kotlikoff estimates that 94% of Americans file for Social Security at the wrong time.

Importance of Informed Decision-Making

“You’ve spent your entire working life contributing to Social Security. These are benefits you deserve – and at this point, it’s basically throwing away ‘free money’ to not make the most out of your benefits,” the experts at B.O.S.S. Retirement Solutions emphasize.

Accessing the Guide

The “Your Guide to Filing for Social Security in 2026 and Beyond” report is available at no cost from Utah’s B.O.S.S. Retirement Solutions. Tyson Thacker of B.O.S.S. Retirement Solutions warns, “Social Security is running out of money – and it could cost you $18,100 in benefits, every year.”