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Life Insurance
Annuities
IRAs & Retirement
Investments
College Savings Plans
529 College Savings Plan
Coverdell Education Savings Account
UGMA and UTMA Accounts
Additional Insurance Products
Modern Woodmen Bank
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College Savings Plans
No matter where you stand today, it’s never too late to save for your college education goals. Modern Woodmen offers excellent savings plans that can help you get on the right track.
    • 529 College Savings Plan
      A 529 College Savings Plan allows you to make annual contributions in some cases greater than $250,000 toward education expenses.  These funds are held in a special tax-deferred account, and you retain control over how your funds are invested.
    • Coverdell Education Savings Account
      You can contribute up to $2,000 per year toward education expenses with a Coverdell Education Savings Account.  Investment earnings and qualifying withdrawals are free from federal income tax
    • UGMA and UTMA Accounts
      With a UGMA (Uniform Gift to Minors Act) or UTMA (Uniform Transforms to Minors Act) Account, you can make convenient financial gifts to a minor.  Although commonly used to fund educational expenses, assets in these accounts can be used for the general benefit of the minor. 




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.

529 College Savings Plan earnings grow tax deferred, and withdrawals for qualifying higher education expenses are free from federal income tax. If the distributions are non-qualifying, the earnings portion may be subject to income tax and a 10 percent penalty. Consult your tax advisor.

Coverdell Education Savings Account earnings grow tax deferred, and withdrawals for qualifying education expenses are free from federal income tax.  If distributions are non-qualifying, the earnings portion may be subject to income tax and a 10 percent penalty.  Earnings become taxable if assets are not distributed or transferred by the time the beneficiary reaches age 30.  The 10 percent penalty may be waived in certain circumstances.  This benefit is set to expire Jan. 1, 2013, unless extended by Congress.  Consult your tax advisor.





Modern Woodmen Solutions

Contact a representative or explore:

Investments

Life Insurance

Disability Insurance

Modern Woodmen Bank

Calculator

College Savings Planner

The Fraternal Difference
Members may receive fraternal benefits including the:

Orphan Benefit

College Scholarship Program

Nontraditional Student Award Program


Real Life Real Impact

In addition to protecting your child's financial future, Modern Woodmen offers scholarships to protect their educational future.

Life Lessons

Financial Aid and Scholarship Resources
Find college scholarships and grants on these Web sites:  

Federal financial aid
To apply, fill out your Free Application for Federal Student Aid (FAFSA) online at:
fafsa.ed.gov  

United States Military
For more information on tuition assistance through the United States military, go to:
todaysmilitary.com

Additional resources
For more scholarship and financial aid information, visit these helpful Web sites:
 
FinAid:
finaid.org; collegeplanning.org

CollegeNET: collegenet.com

FastWeb:
fastweb.com

College Board
On-line:
collegeboard.com




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