Western Fraternal Life :: 2016

Category: Financial

There are two “debt payoff” strategies suggested by Dave Ramsey in his financial strategies course known as Financial Peace University. Dave calls these debt pay off strategies Debt Snowball and Debt Avalanche.

View Post
Tags :


Category: Financial

mobile_photo
The skill of managing household finances is not a trait that we are born with. It’s an acquired skill that we have to work on continuously. Those with an aptitude for math may find it fun and exciting, while those with creative qualities may find frustration in numbers. To make sure that the financial road ahead is a smooth ride, couples should use their complementary skills together so that each is able to grasp the entirety of their financial future.

View Post
Tags :


Category: College

Paying for college is one of the biggest financial outlays a family can make. Reviewing the new FAFSA rules, early career planning, and getting an early start at saving for college with the right financial products are a must. Here are a few things you should know about funding a college education.

View Post
Tags :


There are two fundamentally different philosophies for retirement income planning – one based on probabilities and the other based on safety. The critical issue that may determine which approach you choose to favor is based on the risk/reward tradeoffs of the stock market or on the contractual guarantees of insurance products, specifically income annuities.

View Post
Tags :


Category: Estate Planning

mobile_photo
If you have charitable intentions...designate a certain percentage of your IRA assets to charity and leave your life insurance and other assets to your family.

View Post
Tags :


Category: Financial

CEOs do it - athletes do it – corporations do it and professional sports teams do it – Maybe it’s time for you to perform a Gap analysis, too.

View Post
Tags :


Category: Budgeting

Have you promised yourself that you will save more money for the big things – like your kid’s college education or retirement? The problem is likely that by the time you’ve paid for everything else—the mortgage or rent, groceries, utilities, car payment, and maybe even a few dinners out—you often don’t have enough left to add to savings … at least not until your next paycheck.

View Post
Tags :

A Legacy of Good

Apr 15, 2016

Category: Estate Planning

Have you ever thought about the kind of legacy you want to leave? How you will affect positive change in the world after you have gone? Being part of an organization like Western Fraternal Life motivates us to be involved in our communities, to do good things for others, and find ways we can touch lives in meaningful ways. Being a member of Western allows us to care for our families by purchasing life insurance or annuities so they, in turn, can work on leaving their own legacies.

View Post
Tags :


Category: Budgeting

Are you getting a refund back from Uncle Sam this year? Rather than splurging on a whim, consider making some smart moves with that money. Here are some ideas that are a good use of your refund.

View Post
Tags :

Longevity Risk

Mar 11, 2016

Category: Financial

Longevity risk refers to the risk that actual survival rates and life expectancy will exceed expectations. To pension plan administrators, this means that the pricing assumptions and life expectancies of retirees results in a greater-than-anticipated retirement cash outflow. To individual retirees, it means that we will outlive our retirement savings.

View Post
Tags :

Get this feed  
« Previous12Next »

Life Insurance: The Foundation of a Sound Financial Plan

A well-rounded financial plan typically consists of several components, such as mutual funds, annuities, stocks, bonds, bank…

Graded Death Benefit: How to Get an "A" Without Taking a Test

I ran into my friend Margaret at the store the other day, and we took a moment to catch up on what was happening with our…

History of Kosobud No. 106

Kosobud No. 106 (Lankin, ND) was established in 1901. In this article, members share their 116-year history.