Retirement Taxes and Money Moves | Retirement Playbook Ep 67

Tax season may not be exciting, but smart tax planning in retirement can make a meaningful difference. In this episode of the Retirement Playbook, Brock Alspaugh of Alspaugh Wealth Management breaks down the new senior tax deduction, who qualifies, and how it could lower taxable income for retirees. He also explains why it’s important to understand the difference between a deduction and a credit, how income thresholds apply, and what this temporary change means through 2028. Beyond the new deduction, Brock dives into proactive strategies like Roth conversions, managing required minimum distributions, and coordinating income sources to reduce long-term tax exposure. If you’re retired or approaching retirement, this episode will help you think more strategically about retirement taxes and the money moves that can protect your income over time. Timestamps: 00:00 - Welcome to the Retirement Playbook 01:01 - Where to find planning resources 02:37 - Overview of new senior deduction 04:18 - Age and income eligibility rules 06:10 - Deduction vs tax credit explained 08:33 - Why refunds may be higher 09:47 - Temporary nature of the law 11:17 - Standard vs itemized deductions 13:38 - Introduction to Roth conversions 15:20 - Using lower tax brackets wisely 17:15 - Long-term tax-free growth benefits 20:14 - Why timing the market doesn’t matter 21:32 - Coordinating retirement income sources 22:56 - RMDs and advanced tax strategies 23:55 - Final thoughts on smart tax moves Ready to take your 401K to the next level? 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