Social Security, WEP, and Trusts: Q&A #2315

April 15, 2023

Social Security, WEP, and Trusts: Q&A #2315

Jim and Chris sit down to answer listener questions regarding Social Security, WEP, and irrevocable life insurance trusts (ILITs).

(9:00) George from Nebraska looks for clarification on how Government Pension Offsets (GPO) and Windfall Elimination Provision (WEP) affect his Social Security benefit.

(30:15) Georgette asks if she’d be able to claim a Social Security survivor benefit off her husbands benefit if he were to predecease her.

(40:30) A couple of listeners questions regarding irrevocable life insurance trusts (ILITs) and trusts in general. The answer to this question will expand into next weeks episode!

Podcast: Play in new window | Download (Duration: 59:37 — 27.3MB)

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