Learn About Minimizing Taxes in Retirement and Social Security

With income tax filing season just concluded, we’ve all been reminded that taxes are inevitable. However, there are numerous ways to protect retirement income from higher taxes, with sufficient advance planning as part of a comprehensive financial plan.

Connecticut financial planning and wealth management firm Fuchs Financial, led by founder Ben Fuchs, will be sharing their expertise regarding taxes in retirement with local residents throughout this month.

The firm, with offices in Middletown, West Hartford, Middlebury, and Mystic, will be offering “How to Minimize Taxes in Retirement” sessions at the local libraries in Middletown – free of charge – and webinars on the same topic. There is no charge for the webinars, but advance registration is required.

“Our goal is to help people to plan for their retirement in a way that is specific to their circumstances and objectives, and which will minimize their taxes and maximize their retirement,” explained Ben Fuchs, a Certified Financial Planner® and Certified Private Wealth Advisor® professional, with two decades of experience. “We look forward to sharing our expertise, and discussing the issues that people are concerned about with tax season fresh in their mind, so we can help put them in the best position for retirement.”

The library sessions will be held on Tuesday, May 13, at Middletown’s Russell Library, 123 Broad Street, at 12:30 PM. In addition, there will be free webinars on the same subject – taxes in retirement – on Thursday, May 15 at 12:00 and at 6:00 PM. Individuals can sign up for either of the webinars by going to https://www.fuchsfinancial.com/events-webinars/

Among the topics that will be highlighted:

• Discover ways to pay the minimum in taxes when rolling over a 401(k), 403(b), 457, thrift savings, or lump-sum pension funds.
• Knowing when and how to withdraw from specific accounts can help keep you from running out of money later in your retirement.
• How to avoid inadvertently making one of the most common errors in your retirement income plan could cost thousands over your lifetime.

Also this month, Fuchs Financial will be offering webinars on the timely topic How to Get the Most Out of Social Security and Maintain a Paycheck in Retirement. The webinars will be held on Wednesday, May 21 at 12 Noon and 6:00 PM. Individuals can reserve a place at https://www.fuchsfinancial.com/events-webinars/

Led by Ben Fuchs, with 20 years of investment experience creating thousands of retirement plans for his clients, 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.

In addition to the upcoming library session and webinars, Fuchs Financial offers individual no-obligation, complimentary consultation, either in-person at one of the Fuchs Financial offices or via Zoom. Details are at www.fuchsfinancial.com.

The Fuchs Financial team includes financial professionals with a range of expertise to provide a breadth of information for clients as they look to their retirement years and seek to build a retirement plan that can provide financial security.

“If you’re interested in a second opinion on your current retirement plan from a first-class team that places a priority on your best interest, that’s what we’re all about,” added Fuchs. “We lead with listening, to understand each individual’s priorities for retirement, and then use scenario-based planning to develop and share a customized financial plan that responds to clients specific goals for retirement.”

The Fuchs Financial team includes advisors Gina Mazzadra, Accredited Retirement Plan Specialist, Retirement Income Certified Professional®; Alex Cal, Certified Plan Fiduciary Advisor®; and Eddy Agyeman, Chartered Retirement Planning CounselorTM, Accredited Financial Counselor®. The Fuchs Financial team also includes Josh Kerchis, Retirement Healthcare Benefits Analyst, and Jeff Singer, AFSP (Annual Filing Season Program) credentialled Staff Accountant.

Fuchs Financial, with expertise in wealth management, planning and retirement, is regularly featured on local television stations WFSB Channel 3 and WTNH Channel 8, and radio station WTIC in Hartford, and has developed a continuing series of insightful webinars and videos highlighting various aspects of retirement planning.

Fuchs Financial’s offices are in Middletown at 213 Court Street, Suite 601; in West Hartford at 433 South Main Street, Suite 322, just off I-84, minutes from West Hartford Center and Westfarms Mall; at 751 Straits Tpke., Suite 3002, in Middlebury; and 47 Water Street, Suite 101, in Mystic.

For more information about the upcoming library seminar, interested individuals may contact the library directly or contact Fuchs Financial at (860) 461-1709 or toll-free at (877) 940-1009 or email info@ffncl.com.