Tag Archives: Social Security

TFS Insurance Advisor – March 2016 Newsletter

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To download or view the entire newsletter in PDF format, please click on this link or on the pictures above.

If you have questions regarding these products, please contact or our Business Development Specialist, Thomas Hyland Jr.

Thomas P. Hyland, Jr.
Business Development Specialist
(732) 758-9300 x127
THylandJr@TFSweb.com

TFS Insurance Brokerage, Inc.

Insurance Products Offered through TFS Insurance Brokerage, Inc.
Securities Offered Through TFS Securities, Inc. Member FINRA & SIPC
Investment Advisory Services Offered Through TFS Advisory Services
Mortgages Offered Through TFS Mortgage Corporation, Inc.
Find out about us at www.tfsweb.com

TFS Insurance Advisor – February 2016 Newsletter

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To download or view the entire newsletter in PDF format, please click on this link or on the pictures above.

If you have questions regarding these products, please contact or our Business Development Specialist, Thomas Hyland Jr.

Thomas P. Hyland, Jr.
Business Development Specialist
(732) 758-9300 x127
THylandJr@TFSweb.com

TFS Insurance Brokerage, Inc.

Insurance Products Offered through TFS Insurance Brokerage, Inc.
Securities Offered Through TFS Securities, Inc. Member FINRA & SIPC
Investment Advisory Services Offered Through TFS Advisory Services
Mortgages Offered Through TFS Mortgage Corporation, Inc.
Find out about us at www.tfsweb.com

How Behavioral Biases Affect Social Security Claiming Strategies

benefitsbuttonAn article from ThinkAdvisor

Read some highlights below or click here for the full article

“In its simplest form, the theory, first developed by Amos Tversky and Daniel Kahneman (for which the latter won a Nobel Prize), states that contrary to traditional economic theory, investors and markets are not fully rational. Translation—we’re very adept at screwing ourselves.”

“Where are we going with this? Simple—the decision about when and how to claim Social Security is no different. The strategy that’s ultimately chosen is too often influenced by external (and incorrect) stimuli rather than sound analysis and ends up hurting recipients in the long run. Take the following refrains we continually hear:”

1). “I want the money now before Social Security goes broke.”

2). “I don’t want to spend my financial portfolio until I have to.” 

3). “I’ve planned and saved with age 62 in mind, and now I’m ready to begin receiving benefits.”

Should You Use Your 401(k) Before Social Security?

GrowthImageAn article from USA Today

Read some highlights below or click here for the full article

“…if your wife starts Social Security at age 62, she’ll lock in a permanent “real” reduction of 25%. “I say ‘real’ because the lower benefit will provide a smaller base on which cost-of-living-adjustments will apply into the future,”

“A Social Security benefit starting at age 66 or later would provide a higher lifetime income stream to your wife and earn higher cost-of-living-adjustments,”