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Benefits

Benefits of Using A Revocable Trust

Posted on by WCFSRetirement
A Revocable Living Trust also known as a Grantor Trust, is commonly used in the estate planning process and has a number of benefits over a will. Avoids Probate. The probate process can be very expensive, often with a cost of 1 to 3% of the estate value.  Also time delays can be between 6 months to over a year in some cases before the assets are finally distributed.  In some cases if the ...
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What Are Some Fixed Indexed Annuity Benefits?

Posted on by WCFSRetirement
A Fixed Index Annuity provides you with all of the features of a traditional Fixed Annuity, plus interest credits linked to a stock market index. Safety of premium Safe potential of stock market-linked growth Potential to avoid probate Minimum Guaranteed Interest Rate on money in the Fixed Account Interest Credit locked in annually An option for guaranteed lifetime income An...
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How Are Social Security Benefits Calculated?

Posted on by WCFSRetirement
"How Are Social Security Benefits Calculated and What Can I Do To Increase Benefits?" There are a minimum number of years to qualify. To qualify for any Social Security benefits, you must have at least 40 credits. To receive a credit in 2017, you need to earn $1,300 per credit (this number adjusts each year), with a maximum of four credits per year. So to receive the 40 credits you have to work f...
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What About Spousal Benefits for Social Security?

Posted on by WCFSRetirement
What About Spousal Benefits for Social Security? When trying to figure out Spousal benefits for Social Security it is a virtual minefield of rules so let’s dive in and make sure that you follow all of the guidelines. Typically a spouse is entitled to their own Social Security based on their work history, or 50% of their spouses’ Social Security at their full retirement age, whichever is HIGHER...
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