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...
by admin-wfsnerd | Dec 20, 2022 | Uncategorized
Pros & Cons of Retirement Savings Vehicles 401k, IRA, Roth IRA, and IUL are all retirement savings vehicles that can help individuals save for their golden years. Each of these options has its own set of pros and cons, and it is important to consider these...
by admin-wfsnerd | Dec 17, 2022 | Uncategorized
THE DIFFERENCE BETWEEN FILING AN LLC AS AN LLC AND FILING AN LLC AS A S-CORP LLC and S Corporation are not mutually exclusive but different aspects of doing business. S corporations (subchapters/ pass-through tax entities) and Limited liability companies...
by admin-wfsnerd | Dec 12, 2022 | Uncategorized
Index Universal Life Insurance When preparing for life events and insuring yourself for worst-case scenarios it’s important to know your options. If you’re smart you have some sort of savings vehicle for your money. You may also have a retirement plan to put aside...
