WFS

We focus on empowering on financial literacy. Learning and teaching strategies of the elites.

[WFS @wfslife]

Rent or Own a home in your 50's, 60's or 70's?

Pros of Financing or Refinancing a Home in Your 50's, 60's, 70's

- Lower Interest Rates: With the current low-interest rates, refinancing your home can lower your monthly mortgage payments and save you

https://t.co/l2Sgx81tT1

[WFS @wfslife]

DST vs 1031
What You Need to Know

What is a Deferred Sales Trust (DST)?

- A tax-deferment strategy for selling an investment property.
- Utilizes a trust structure to defer capital gains taxes.
- Investors receive a guaranteed income stream and

https://t.co/bLLWZpsNeC

[WFS @wfslife]

Allodial Title: The Key to Tax-Free Property Ownership

What is an Allodial Title?
An allodial title is a type of property ownership that frees the owner from paying property taxes. It is a form of ownership where the property is owned outright and

https://t.co/UhmDfMgo3o

[WFS @wfslife]

Boli

Introduction
BOLI, or Bank Owned Life Insurance, is a type of life insurance that is purchased and held by national banks. But how much money do banks have invested in BOLI and which banks have the most holdings?

https://t.co/tIU3dRoqlU

[WFS @wfslife]

An IUL can help you and your family maintain the lifestyle they're accustomed to. The Life insurance payout can be used for everyday expenses and retirement savings. IUL is Also used to create your own banking system.(IUL)-Indexed

https://t.co/dmogKomawz

[WFS @wfslife]

Be informed and insured for life's important momentsBe Informed and insured for Life's important momentsWe Are An Insurance & Wealth building CompanyWFS's mission extends well beyond insurance policies.

https://t.co/99sM9I1FAK

[WFS @wfslife]

Term Life Insurance

Introduction
"Are you aware of the benefits and drawbacks of term insurance? Keep reading to learn more about this important coverage option."

Old

https://t.co/neuADRYdd0

[WFS @wfslife]

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.

https://t.co/j2LNQ3Ds8m

[WFS @wfslife]

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.

https://t.co/MBoSMpJNtX

[WFS @wfslife]

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

https://t.co/izpzA77e1l

[WFS @wfslife]

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

https://t.co/2Fpx7mYWrc

[WFS @wfslife]

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.

https://t.co/GnN5XOMIpr

[WFS @wfslife]

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

https://t.co/NH5pFhQEt0

[WFS @wfslife]

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

https://t.co/SgBPV7FWeH

[WFS @wfslife]

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.

https://t.co/LlvYXXjzD0

[WFS @wfslife]

Nine Times You Should Review Your Life Insurance Policy

You have a job, a house, and a family.  You have worked hard to build and put together this life, but have you given thought to what may happen if you suddenly were not around to help sustain

https://t.co/MfJqWcUrKJ

[WFS @wfslife]

IUL- Index Universal Life Insurance Explained

You have made the smart decision to get life insurance! You want to protect your family in case a tragedy may occur. Your next question may be, what kind of life insurance should I get? 

https://t.co/OKhbh0F2sA

[WFS @wfslife]

Introduction to Whole Life Insurance
Used interchangeably, whole life insurance or permanent life policy is a contract between the individual who owns the policy aka the policy owner, the insurer and the insurance company.

https://t.co/T5pWaplz6Q

[WFS @wfslife]

Introduction to Term Life Insurance
Insurance is one of the most powerful tools anyone can utilize that will guarantee a secure and stable financial future.  Yet it is one of the most under-utilized vehicles that’s used to create financial security.

https://t.co/1kj5m6nwJB

[WFS @wfslife]

"Understanding Reasons US Families File for Bankruptcy and How to Prevent It"

Introduction:
Bankruptcy can be a difficult and challenging experience for families in the United States, with lasting financial and emotional consequences.

https://t.co/WicZIe5nFB