Harnessing the Power of Social Security | Retirement Playbook Ep 72

Social Security can be one of the most important building blocks of a retirement income plan, but deciding when and how to claim benefits involves more than simply choosing an age. In this episode of the Retirement Playbook, Brock Alspaugh and the team at Alspaugh Wealth Management explain how your earnings history and claiming age affect benefits, why married couples need to consider spousal and survivor benefits, what happens if you continue working while collecting Social Security, and how taxes can affect the income you actually keep. They also discuss why Social Security decisions should be coordinated with other parts of your retirement strategy, including Roth accounts, investments, taxes, and long-term income planning. Timestamps: 00:00 - Building Your Retirement Foundation 01:00 - Harnessing the Power of Social Security 04:43 - What Determines Your Social Security Benefit 05:40 - Why Claiming Strategy Matters 06:39 - Social Security Statistics and Eligibility 09:46 - Claiming at 62 Versus Waiting 11:28 - Spousal and Survivor Benefits 13:36 - Benefits After Divorce 14:53 - Working While Collecting Social Security 17:31 - How Social Security Benefits Are Taxed 20:17 - Roth Planning and Social Security Taxes 21:22 - Fitting Social Security Into Your Retirement Plan 23:09 - Making the Right Claiming Decision Call us at 573-332-7855 or visit www.alspaughwealthmanagement.com to schedule your consultation today! #FinancialAdvisor #FinancialAdvisorAtYourService #retirement #retirementplanning #SocialSecurity #retirementplan #wealthmanagement #ira #rothira #missouri #CapeGirardeau #healthcare #nursinghomes #seniorcare #eldercare #longtermcare #RMDs #requiredminimumdistribution #debtfree #debtfreejourney #MarketRecap #TaxPlanning #fire #retireearly #MaxOut401k #HSATips