1. Define your goals
Where do you see yourself in five years? Ten years? Twenty years? Do you want to purchase a new home? Save for your child’s college tuition? Travel in retirement? Talk to your spouse and together write down your goals. Once you know where you want to go, you can begin to figure out how to get there.
2. Accept reality
"Death is not a what-if, it’s a when,” says Mike Wittig, a Modern Woodmen financial representative from Waupun, Wisconsin. “When you marry someone, you have a responsibility to make sure that person will be taken care of when you’re gone.”
You can honor your commitment to your spouse by having adequate life insurance protection to help cover final expenses, mortgage payments and other financial obligations.
3. Think short- and long-term
Create a plan for today (cash-flow management and savings) and a plan for tomorrow (retirement savings and estate planning).
4. Review your plan every year
An annual review with a Modern Woodmen financial representative can help ensure you’re on the right track.
Your financial representative
Meet a Modern Woodmen representative in your community and begin to explore how shared values can work for you.
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Mutual funds
Mutual funds give you the ability to invest in a diversified portfolio of stocks, bonds, cash equivalents or other investments without requiring you to invest a large amount of money.
Mutual fundsFraternal Aid Fund
Members who experience financial hardship due to disasters such as fires, floods, storms or serious health problems may apply for financial assistance to cover their Modern Woodmen life insurance premiums for a limited time.