Webinar, Local In-Person Workshops to Explore Retirement Planning

“Is taking Social Security at age 62 the best way to get the most money out of your benefits? This is a question countless individuals approaching retirement are asking themselves right now. Because for many retirees, Social Security will be a significant amount of the income they will receive in retirement.

On Tuesday, August 15 at 6:00 PM local Certified Financial Planner® and Certified Private Wealth Advisor® professional Ben Fuchs will conduct a free, online workshop "How To Get The Most Out Of Social Security And Maintain A Retirement Paycheck."

Later this month, Fuchs Financial will conduct two in-person workshops: on Wednesday, August 23 at the Berlin-Peck Memorial Library, led by Gina Mazzadra, Accredited Retirement Plan Specialist and Retirement Income Certified Professional®, and on Thursday, August 31 at the Farmington Public Library, led by Ben Fuchs. Both workshops begin at 6:00 pm, and admission is free.

Some retirees may think it is best to claim their benefits sooner than later, but this might not be the best strategy to ensure enough income to last through retirement. During the webinar, topics to be covered include:

• Strategies to claim the maximum amount of Social Security benefits.
• Discover how recent changes can affect your RMDs. (Required Minimum Distributions)
• Did you know that up to 85% of your Social Security benefits can be taxable? Increase your benefits with effective filing strategies.

The on-site Connecticut workshops in Farmington and Berlin will explore:

• Filing Strategies - Learn when you should apply for social security based on your unique situation so you can claim the maximum amount of social security.
• Avoiding Mistakes - Learn how to potentially avoid some of the common mistakes when filing & how to find potential benefits you may not be aware of.
• Lump Sum Payouts - How to claim retroactive benefits as a lump sum & how married couples can help enhance their combined monthly and lifetime benefits.

“We host these workshops to help inform those who are looking for the light at the end of the tunnel, given the volatility in the market and uncertainty about inflation that we’ve all experienced, so people approaching a retirement decision can have the confidence to retire when they want,” Fuchs explained.

The Berlin-Peck Memorial Library is located at 234 Kensington Road in Berlin; Farmington’s Main Library is located at 6 Monteith Drive.

The webinar can be viewed online using a mobile device or computer. For those unable to attend the online workshop at the scheduled time on August 15, people who register will be sent a replay to watch later at their convenience. To sign up, go to https://events.fuchsfinancial.com/social-security-webinar/

Founded by Ben Fuchs, with offices in West Hartford and Middletown, Fuchs Financial is focused on helping retirees and people preparing for retirement to maximize their finances, providing a full range of short and long-term retirement planning services, including income planning, investment planning, tax planning, healthcare planning, and estate and legacy planning.

Retirement, according to the latest data, will last quite a while, and planning for that longevity is essential. According to the Social Security Administration, men on average live another 22 years when they reach age 60, while women live another 25 years.

Fuchs Financial’s proprietary How to Retire Blueprint has been developed and updated specifically to help clients achieve simplicity and security in retirement – and to plan for a “retirement paycheck” that will help to achieve individual financial goals in retirement. Designed by financial advisors, it is focused on providing superior planning experience in the key areas of an individual’s financial life - customized for the specific needs of each person.

Ben Fuchs can be seen regularly in local media, including WTNH Channel 8, where his Financial Tips segments are featured, and on NBC Connecticut, providing insights to viewers on retirement planning issues, Saturday evenings at 7:00 pm. A weekly radio program airs on the Talk of Connecticut network of radio stations, anchored by Hartford’s WDRC, on weekends.

“I believe that retirement should start with a plan, and I strive to first understand each client’s individual retirement goals, and then work with them to create that customized plan,” Fuchs added. “We work with clients to minimize their taxes and maximize their retirement. Understanding where retirement income will come from can offer real peace of mind – and that’s what a tailored financial strategy provides.”

Fuchs Financial is easy to reach at (860) 461-1709, or Toll Free at (877) 940-1009, or www.fuchsfinancial.com Fuchs Financial offers free, no-obligation introductory consultations, which can be scheduled online or by phone.

“The process of developing a plan for retirement is enhanced by our being fiduciaries - which means we act in our client’s best interest at all times, in all situations, no matter what,” Fuchs added. “And we believe the more people know and understand, the more effective their plan can be. That’s what our webinar and workshops are all about.”