For many retirees, Social Security is one of the most important income streams, but also one of the most misunderstood when it comes to taxes. In this episode, Jake and Nick break down the rules around how Social Security benefits are taxed at both the federal and state level, and what strategies might help you keep more of what you've earned.

Find out how the One Big Beautiful Bill reshaped standard deduction rules, creating new planning opportunities (and pitfalls to watch for). As Jake points out, extracting money in retirement is often far more complicated than accumulating it. That's why tax planning and income planning go hand-in-hand if you want to minimize surprises and maximize your retirement paycheck.

Here's what we discuss in this episode:

📜 How federal and state rules impact Social Security taxation

🧾 Why modified adjusted gross income (MAGI) matters

🏦 How withdrawal timing and Roth conversions influence taxes

🏛️ Big Beautiful Bill: what it means for federal taxation

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