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Benefits

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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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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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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