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So far Woodmen Financial has created 385 blog entries.

Keeping Your Business in the Family Part 2

By |2020-08-27T14:31:23-05:00June 12th, 2020|Family, Planning, Retirement, Small Business|

You may want to keep your business in the family, as opposed to selling it to an outside party or another business. If this is your plan, you should be aware of some of the issues that can contribute to the success or the failure of the business as it is transferred to the successor generation. Some [...]

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Understanding Social Security

By |2020-06-19T11:35:26-05:00June 9th, 2020|Social Security|

Approximately 66 million people today receive some form of Social Security benefits, including retirement, disability, survivor, and family benefits. (Source: Fast Facts & Figures About Social Security, 2017) Although most people receiving Social Security are retired, you and your family members [...]

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Saving for Retirement and a Child’s Education at the Same Time Part 2

By |2020-06-19T11:29:23-05:00June 5th, 2020|College, Family, Finance, Planning|

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child's education at the same time can be a challenge. But take heart — you may be able to reach both goals if you make [...]

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Are My Student Loan Payments Tax Deductible?

By |2020-06-19T11:20:54-05:00June 2nd, 2020|College, Debt, Loans, Millenials|

Your actual student loan payments aren't deductible, but the interest portion might be, thanks to the student loan interest deduction. In 2018, the maximum deduction is $2,500. You don't need to itemize to claim this deduction. To qualify, you must meet a few requirements: First, the student loan on [...]

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Annuity Basics

By |2020-05-18T19:11:40-05:00May 26th, 2020|Planning|

An annuity is a contract between you, the purchaser or owner, and an insurance company, the annuity issuer. In its simplest form, you pay money to an annuity issuer, and the issuer pays out the principal and earnings back to you or to a named beneficiary. Life insurance companies first developed ann [...]

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Minimizing Estate Taxes Part 2

By |2020-06-19T10:54:10-05:00May 22nd, 2020|Family, Planning, Real Estate, Taxes|

The act of giving away your property, either during life or at death, will probably be subject to one or more of several types of taxes (collectively referred to here as estate taxes), either on the federal level, state level, or both. These tax liabilities may be the largest potential expenses you [...]

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WFR Reopening Strategy

By |2020-05-18T19:59:38-05:00May 19th, 2020|Creative|

Dear Loyal Client, It is hard to believe it has been almost two months since our office has stopped face-to-face meetings! I miss seeing all of you. Despite the crazy stock market with its movement all over the place, it has been relatively quiet here in the office. It is amazing how things can chan [...]

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Personal, Not Statistical

By |2020-04-19T16:35:38-05:00May 15th, 2020|Podcasts, Retirement|

You can plan your retirement, but you can’t always plan your life, so don’t assume your life will take the same course as everyone else’s! Actuary Dennis Martin tells his personal story of his father’s retirement – and re-retirement – and that it’s so important to meet with a professional to protect [...]

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Maintaining Your Financial Records: The Importance of Being Organized

By |2020-06-19T10:59:33-05:00May 12th, 2020|Creative, Small Business|

An important part of managing your personal finances is keeping your financial records organized. Whether it's a utility bill to show proof of residency or a Social Security card for wage reporting purposes, there may be times when you need to locate a financial record or document--and you'll need t [...]

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Caring for the Caregiver

By |2020-04-19T16:14:44-05:00May 8th, 2020|Family, Illness & Disability, Long-Term Care, Podcasts|

If your loved one has Alzheimer’s Disease, it’s hard to ask for help because you want to soak up all the time you have with them. We brought on Jack Broyles, co-founder of the Broyles Foundation, to talk about his personal story and warn of the emotional dangers that come with caregiving. R [...]

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