About Us

Since 1883, Modern Woodmen of America has brought people together, supported families and strengthened communities.

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Looking for a meaningful career?

Grow with Modern Woodmen! As a financial representative, you can make a positive impact for your family and your community.

Financial Planning

We can help you meet your current needs, achieve your future dreams and plan for all stages of life.

Planning for Life

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Modern Woodmen maintains a portfolio of high-quality financial products that can help you meet a wide range of life needs.

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Financial planning

Browse our helpful tips and articles to understand what’s important to you and your loved ones.

Being a Member

Modern Woodmen membership is about relationships. As a member, you work together with a trusted local representative to plan for some of the most important moments in the lives of those you love.

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Member Benefits

Modern Woodmen offers a variety of fraternal member benefits for all ages.

​What are Required Minimum Distributions?

Keep your hard-earned dollars working for you.

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Retirement distribution

In discussions involving retirement, you may have come across the phrase "required minimum distributions" or "RMDs." But what are they?

Once you reach age 70½, the IRS requires you to start taking money from certain types of retirement plans. You must receive these withdrawals ... whether you need the money or not.

What can I do with my distribution?

Realistically, you have two options when you receive a required minimum distribution. You can spend the money. It’s yours, of course. Or you can keep your hard-earned dollars working for you. For example, you can use your RMDs to fund:

  • Life insurance.
  • Annuities.
  • Mutual funds.

Confused about how much to withdraw or what to do?

Taking the correct required minimum distribution can be daunting and confusing. If you fail to take the correct distribution, you will incur a 50 percent IRS penalty on any amount of the RMD you fail to take.

One solution? Consolidate your retirement accounts with Modern Woodmen. Your Modern Woodmen representative will walk you through the steps to combine your retirement accounts. That can mean:

  • Fewer financial statements to review.
  • Fewer 1099 income tax forms to handle.


Plus Modern Woodmen will calculate your required minimum distribution for you each year. If the total value of your withdrawals during the tax year is less than your required minimum distribution, Modern Woodmen will automatically send the difference to you at the end of the year. With Modern Woodmen’s help, you won’t have to worry about the 50 percent IRS penalty.

Call a Modern Woodmen representative today to find out more!

 

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Additional products and services

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MaxProvider® flexible premium deferred annuity
Product

MaxProvider® flexible premium deferred annuity

Modern Woodmen of America’s MaxProvider® is a safe way to accumulate retirement savings that can last your lifetime. This flexible premium deferred annuity helps reduce retirement planning uncertainty by eliminating the risk of market volatility and making sure your money is there when you need it – whenever that may be.

MaxProvider® Annuity