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General Information

The Case For Absolute Return Investing…

Posted on December 23, 2019July 24, 2020 by WCFSRetirement

The case for absolute return investing is rooted in the following: ▪ People’s decisions to buy and sell move stock and bond prices. People might buy or sell in response to external events; however, it is an individual’s decision to buy/sell, and not the actual event, that contributes to the price of a security. ▪ We cannot know what will happen in the future; we cannot know the ...
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3 HUGE MYTHS About Your IRA

Posted on December 22, 2019July 24, 2020 by WCFSRetirement

MYTH #1 - It's All Yours... One extremely common misconception about the IRA is that you own 100% of it. The reality that all too often many overlook, is that you have a partnership with the IRS, aka Uncle Sam. Let's say for instance that you have an IRA valued at $500,000 and you are in a 33% federal income tax bracket, the IRS has a future ownership of roughly $165,000 of your IRA...
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Will Social Security Be There in the Future?

Posted on December 18, 2019July 24, 2020 by WCFSRetirement

This is a very important question when deciding when to take your Social Security benefits and no one know the exact answer to this so let’s look at a few facts to consider to help provide some clarity on this issue. The overall consensus it that the Social Security Trust Fund will run out of money in the year 2034 which at the time of this writing is only 17 years away. This sounds pr...
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What About Spousal Benefits for Social Security?

Posted on December 18, 2019July 24, 2020 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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What Exactly Is A Will And How Does It Work?

Posted on September 21, 2019July 24, 2020 by WCFSRetirement

According to Investopedia: A will is a legal document that states your wishes regarding the distribution of your estate and the care of any minor dependants. It is recommended that you use a will that is signed and witnessed, so that your wishes are recognized in a court of law. There are different types of wills, which include: 1. Testamentary or self-proving will is a written will that i...
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How Are the Interest Rates Set for My Fixed Deferred Annuity?

Posted on February 25, 2019July 24, 2020 by WCFSRetirement

During the accumulation period, your money (less any applicable charges) earns interest at rates that change from time to time. Usually, what these rates will be is entirely up to the insurance company. Current Interest Rate The current rate is the rate the company decides to credit to your contract at a particular time. The company will guarantee it will not change for some time period...
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What Are the Different Kinds of Annuities?

Posted on February 25, 2019July 24, 2020 by WCFSRetirement

This guide explains major differences in different kinds of annuities to help you understand how each might meet your needs. But look at the specific terms of an individual contract you’re considering and the disclosure document you receive. If your annuity is being used to fund or provide benefits under a pension plan, the benefits you get will depend on the terms of the plan. Contact your pensio...
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What is Probate?

Posted on December 29, 2017January 13, 2018 by WCFSRetirement

What is Probate? Probate is the legal process that governs how a deceased person’s assets are distributed upon their death. One way to think about the probate process is that it acts as ‘the script’ for how things go after someone passes away. How Does The Probate Process Work? The probate process will depend on whether your state has adopted the Uniform Probate Code (UPC). The UPC is an act ...
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