New Haven, Conn. (WTNH) –  Once you’ve retired, monthly social security checks are an important part of your income. But when you begin to receive those payments is up to you. It’s a big decision. Should you start at age 62, 70, or somewhere in-between?

CT Style’s Rachel Lutzker recently met with Ben Fuchs, Certified Financial Planner and Founder of Fuchs Financial, to discuss the variety of options available to you, and the issues that should impact your decision.

One would assume that the longer you wait to take Social Security, the larger the payments would be, and the longer it will last. But that’s not aways the case.

In this interview, Ben Fuchs answers the following questions:

  1. Why should you take Social Security at age 62?
  2. What are the advantages of waiting until age 70?
  3. Is some time in-between the best? Timing is everything!

Ben points out that every person’s situation is different. It can be very confusing. And it would be really helpful to have someone look at your circumstances, and help you create a plan.  

That’s exactly what Fuchs Financial can do with you, and it’s called the “How to Retire Blueprint.” It’s a retirement plan customized for your needs.

Fuchs Financial also offers a free booklet on what age to take Social Security, and if you’re interested, just visit their website at www.fuchsfinancial.com.

Disclosure: Investment advisory services are offered through Foundations Investment Advisors, LLC (“Foundations”), an SEC registered investment adviser. The content provided is intended for informational and educational purposes only. The views, statements and opinions expressed herein are those of the individual speaker(s) and not necessarily those of Foundations and its affiliates. The information contained herein does not constitute an offer to sell any securities or represent an express or implied opinion or endorsement of any specific investment opportunity, offering or issuer. Any discussion of performance or returns is not indicative of future results. Each individual investor’s situation is different, and any ideas provided may not be appropriate for your particular circumstances. Foundations only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. No legal or tax advice is provided. Always consult with a tax professional. All rights reserved.