Happy New Year!

I Don't Know About You, But I'm Feeling 2022!

Dear Friends,

I want to start by thanking every one of you for being a valued client.  Without your support, I wouldn’t be where I am today! We are a small family insurance agency and we wouldn't make it without you.

I am thankful for all of the referrals you sent me, which means more than you could ever imagine. As one of the top sales producers in Utah, this is huge. I have built my business with referrals and am incredibly grateful to all of you!  Knowing that you have the trust in me to send me your friends and family is what keeps me going.

With the new year comes a sense of renewal: an opportunity to bring out the best in ourselves, moving forward with positivity and purpose. Thank you for being part of our family owned business. We truly appreciate having you in our community! 

I am looking forward to helping you with your insurance needs in 2022 and beyond! If you have any questions, please reach out.

Happy New Year to you and yours!

Sharie Giles

Sharie and George Giles celebrating sixteen years as co-owners of Bowthorpe & Associates Insurance, LLC. 

OEP is the Open Enrollment Period, which takes place every year from January 1st to March 31st.  To make changes during this enrollment period, you must already be enrolled in a Medicare Advantage Plan.  You may consider taking advantage (no pun intended) of this election period if your provider network changed or your coverage isn’t as comprehensive as you’d like.  Changes to Medicare plans made during this time will take effect the 1st of the following month of applying.


The main reason I find clients needing to utilize this time period is when they made a change during the fall enrollment period to a plan that didn’t live up to their expectations.  This usually occurs when the change was made by someone they didn’t know (think Joe Namath commercials) or was scammed by a phone call from someone claiming to be from Medicare, Social Security, or their current Insurance plan.  Please remember, none of these entities will EVER call you to switch plans.  This is always a sure sign that you are being scammed.  If in doubt, always, always hang up and call me.

As your trusted advisor, I can help you---call me today!

Changing your Medicare coverage, whether during the AEP or OEP can be tricky without the right advice and guidance.  Whether you need help deciding when and what changes to make, or just want to be walked through the process, I am here for you.


Please feel free to call or email me anytime at the office (801) 487-2300 or email me at

Email Me!

In 2021, an average of 65 million Americans per month received retirement benefits through Social Security. The benefits received totaled over one trillion dollars. Among retired beneficiaries, 37% of men and 42% of women received 50% or more of their income from Social Security. It is the largest government program in the federal budget and accounts for approximately 25% of all annual spending.

Somewhere along the way, people started to believe the program was doomed. “There is so much widespread misunderstanding that the trust fund being depleted is synonymous with bankruptcy,” said Catherine Collinson, chief executive of the Transamerica Center for Retirement Studies. “It’s not true.” Few budgetary concepts generate as much unintended confusion and deliberate misinformation as the Social Security trust funds. Here is what you need to know:

Social Security is largely a pay-as-you-go program. Most of today’s benefits are funded by payroll taxes collected from today’s workers. As long as we have a workforce, Social Security will pay benefits. For over three decades, Social Security collected more in payroll taxes and other income than it paid in benefits and expenses. The Treasury invested the surplus in guaranteed interest-bearing securities, reaching a total of $2.9 trillion in trust fund reserves.

In 2021, Social Security began redeeming trust fund reserves to cover total benefit costs. These reserves will make up the difference between income and costs until the reserves are depleted. At that point, Social Security’s income could continue to pay approximately 78% of promised benefits.

Does this mean that those receiving Social Security need to prepare for a 22% reduction of benefits? Absolutely not. Does it mean that those preparing to file for Social Security will receive a reduced benefit? No, it does not. Will Gen X, Millennials, and even Gen Z receive retirement benefits? Yes, they will.

The trust funds would have been exhausted in the early 1980s if the legislation had not been enacted in 1977. Further legislation was passed in 1983 to restore solvency to the program. Since then, projections have shown trust fund depletion in the year 2034. This is no surprise and the plan has always been to readdress the program’s needs by that time.

I believe Congress will, once again, pass legislation to finance Social Security and prevent trust fund depletion. Americans depend on it. There are proposals being evaluated and solutions available when policymakers decide it is time to act. Social Security retirement benefits will not come to an end.

If you would like to discuss your Social Security benefits and how potential changes would affect your retirement plan, please contact me, or Smedley Financial. I have linked their website below. 

Learn More
The Referral Challenge Reward for Quarter 1!

For every friend/family member who you send to me, I will mail you a $15 gift card to Amazon!

Standard Rules Apply: 

-Referrals must be new clients to me
-Please send me a note of who you sent or have them your referral tell me who sent them
-There is no limit to how many gift cards you can earn! Keep those referrals coming!

Do I owe you a gift card? Please let me know, it's been a busy year!
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