About Us

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

About Us
Careers
Financial representative having discussion with a young couple

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

Our Products

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

Our Products
Don't know where to start?
Happy family

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.

Being a Member
About Membership
Member Benefits
Family  Picture

Member Benefits

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

Investment icon Investments

Plan for your financial future. Find your path to financial security.

By planning ahead, you increase the likelihood you will have adequate financial resources to meet your important financial goals. Your investing plan should match your personal financial goals.

A wide variety of investment products are available through MWA Financial Services Inc., a wholly owned subsidiary of Modern Woodmen of America. Investments may be suitable for people who are willing to accept more risk in exchange for better potential long-term performance. Financial representatives have the tools and experience to help you put together a strategy that is appropriate for your risk tolerance and goals.

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.

Your share in a mutual fund represents one piece of all the fund’s holdings. As the value of the securities in the mutual fund fluctuates, so does the fund’s share value, although the volatility of a mutual fund is generally less than that of the individual securities that make up the mutual fund.

Mutual funds:

  • May be started with as little as $500 or with an automatic contribution of $25 a month.
  • Are professionally managed so you don’t have to worry about selecting the investments within the mutual fund.
  • Are liquid investments that may be conveniently bought or sold any day the market is open. Share prices are determined by the value of the underlying securities in the mutual fund as of the close of the market at the end of the day.
  • May be held within a retirement account, such as a Traditional IRA or Roth IRA.

Our registered representatives have access to many different mutual fund families, including:

   
     
  • Diversification does not assure a profit and is not a guarantee against loss.
  • Securities offered through MWA Financial Services Inc., a wholly owned subsidiary of Modern Woodmen of America, 1701 1st Avenue, Rock Island, IL 61201, 309-558-3100. Member: FINRA,SIPC. Products are available in most states. Individual representatives may not be licensed to sell all products.
  • Consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. Investments in mutual funds are subject to market risks, including the potential loss of principal. For this and other information about the investment company, obtain a prospectus from your Modern Woodmen representative. Read it carefully before you invest or pay money.

​Brokerage accounts

Brokerage accounts allow you to invest in a wider array of securities products, including:

  • Mutual funds.
  • Stocks.
  • Bonds.
  • Exchange-traded funds.

A brokerage account may appeal to investors who want to:

  • Invest in individual securities, like stocks and bonds.
  • Consolidate mutual funds held with multiple mutual fund families.
  • Consolidate different types of investments within one account.
  • Have a comprehensive asset management account that combines your brokerage, check-writing, money market fund and Visa debit card activity into one package and reported to you on a single consolidated statement.

Brokerage accounts are established through Pershing, LLC, a subsidiary of BNY Mellon.

Modern Woodmen member: Austin Blanscet (right) with Jason Ceyanes financial representative.
Retirement planning

Explore your options

529 plans

Saving for college is a priority for many families today, and a 529 plan gives you the ability to save for higher education expenses while receiving tax benefits not found in other investment options.

529 plans are state-sponsored savings plans. They are usually invested in mutual funds, so you have the ability to decide the level of risk you're willing to accept to achieve your college-savings goals.

Here are some reasons why you may want to use a 529 plan for your college savings goals:

  • Depending on the state you reside in and the plan you enroll in, your contributions may qualify for a state income tax deduction.
  • Any earnings will grow tax-deferred.
  • Withdrawals used to pay for qualified educational expenses may be received income-tax free.
  • Many can be started with as little as $25 a month.
  • Money may be transferred from one eligible family member to another eligible family member without experiencing any adverse tax consequences.

Ready to get started?

​Coverdell education savings account

Coverdell education savings accounts (ESAs) are a convenient and effective way to save money for educational expenses.

  • The annual contribution limit is $2,000.
  • Contributions may be made on behalf of a child under age 18.
  • Money may be transferred from one eligible family member to another eligible family member without experiencing any adverse tax consequences.

The ability to make a Coverdell ESA contribution is determined by the amount of your modified adjusted gross income.

Single individual

Modified adjusted gross income

Coverdell ESA contribution

Less than $95,000

Full contribution

$95,000 to $110,000

Reduced contribution

$110,000 or more

No contribution

 

Married couple filing jointly

Modified adjusted gross income

Coverdell ESA contribution

Less than $190,000

Full contribution

$190,000 to $220,000

Reduced contribution

$220,000 or more

No contribution

 

Why would you want to contribute to a Coverdell ESA instead of a 529 plan?

Coverdell ESAs and 529 plans are similar. Both plans allow for their earnings to grow tax-deferred and withdrawals for qualifying educational expenses may be received income tax-free. One difference is that qualifying withdrawals from a Coverdell ESA may be used to pay for education expenses that occur before college, such as the cost to attend a private high school.

401(k) plans

A 401(k) plan is an employer-sponsored retirement plan that offers several income tax benefits for those looking to save for retirement.

Some of the possible income tax benefits include:

  • Income tax-deductible employer contributions.
  • The employer may qualify for an income tax credit of up to $500 per year for the first three years of the plan.
  • Pretax employee contributions.
  • After-tax Roth employee contributions have the potential for income tax-free withdrawals after attaining age 59½.*
  • 401(k) plans are usually invested in mutual funds, so each plan participant will have the ability to decide the level of risk he/she is willing to accept to achieve savings goals.
  • 401(k) plans are available for businesses of all sizes, including the self-employed.

Employee salary deferral contribution limits** 

Age as of Dec. 31 of the calendar year

Tax year 2016

Under 50

$18,000

Age 50 or older

$24,000

Securities offered through MWA Financial Services Inc., a wholly owned subsidiary of Modern Woodmen of America, 1701 1st Avenue, Rock Island, IL 61201, 309-558-3100. Member: FINRASIPC. Products are available in most states. Individual representatives may not be licensed to sell all products.

*The Roth 401(k) permits participants to take qualified distributions tax-free if withdrawn after five years of first Roth 401(k) contributions and attainment of age 59½, death or disability. Nonqualified withdrawals may be subject to a 10 percent early withdrawal penalty, and the earnings portion of nonqualified withdrawals may be subject to income taxes. Tax issues involving Roth 401(k)s can be complex. Please consult with your tax or legal advisor before making any decisions.

**These amounts are subject to indexing by the Internal Revenue Service and may increase in the future.

Modern Woodmen member: Austin Blanscet (right) with Jason Ceyanes financial representative.
Retirement planning

Ready to get started?