by admin-wfsnerd | Jan 14, 2023 | Uncategorized
Retirement Contribution Limits Introduction Contributions limits for retirement accounts such as 401K, IRA, and Roth IRA have been set at $22,500 for 2023, with catch-up contributions for those over 50 at $6,500. For high-income earners, there are additional...
by admin-wfsnerd | Jan 3, 2023 | Uncategorized
Setting up your kids for their financial future As a parent or grandparent, you want to set your children or grandchildren up for success in all aspects of their lives. One way to do this is by planning for their financial future. One option to consider is...
by admin-wfsnerd | Dec 30, 2022 | Uncategorized
Saving Plans for College Understanding Your Options As the cost of higher education continues to rise, it’s more important than ever to start saving for college as early as possible. There are several different ways to save for college, each with its own set of...
by admin-wfsnerd | Dec 29, 2022 | Uncategorized
What is an ILIT An ILIT, or irrevocable life insurance trust, is a legal entity. ILIT is used to hold a life insurance policy for the benefit of designated beneficiaries. The trust is irrevocable, meaning that it cannot be changed or terminated once it has been...
by admin-wfsnerd | Dec 22, 2022 | Uncategorized
WILLS, TRUSTS, AND MEDICAID A will alone is not enough. However, a will in a trust is ideal (The Pour Over Will). A document that governs the distribution of assets among beneficiaries and designated heirs after your death is called a will. A legal institution that...
