107: A Guide to Making Smarter Decisions When Claiming Social Security Benefits with Alina Osokhovska, CFP®

Many retirees assume the biggest Social Security decision is simply choosing the right age to claim benefits. But the reality is far more complex. Your Social Security strategy can affect your retirement income, taxes, spouse, survivor benefits, and long-term financial security, making it one of the most important decisions you'll make during retirement. In this episode, Matthew Peck is joined by SHP's Head Certified Financial Planner, Alina Osokhovska to explain how Social Security really works and why the best claiming strategy depends on your unique financial situation. They discuss the different types of Social Security benefits, the key ages every retiree should understand, and how factors like taxes, market conditions, longevity, and spousal planning influence when claiming benefits makes the most sense. They also discuss how SHP's Retirement Road Map evaluates multiple claiming strategies, recent changes under the Social Security Fairness Act, how working in retirement can affect benefits, why Social Security remains an important part of a comprehensive retirement plan, and why making an informed decision is far more valuable than making a rushed one. In this podcast interview, you'll learn: Why the best Social Security claiming age depends on your complete financial plan. How spousal and survivor benefits can significantly affect retirement income. Why taxes should play a major role in your claiming strategy. How longevity and market conditions influence when to begin benefits. What recent Social Security law changes mean for retirees. How working before full retirement age may affect your benefits. Why personalized planning leads to better Social Security decisions. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube