Meet Kevin Wangen
Kevin Wangen is the wealth management associate at HTC. He holds a finance degree from North Dakota State University, from where he graduated on the same day he got married.
Tell us about yourself
I was born in Langdon, North Dakota, and my family moved to Harvey, North Dakota, when I was 4. My parents still live there so I visit when I can. Growing up in a small town had a profound impact on my life. I moved to Fargo for college and now live here with my wife and four kids, who are 2, 5, 7, and 9. It can certainly be challenging, but I try to be the best dad and husband I can.
Adapted from Broadridge Investor Communication Services
It’s difficult to imagine functioning in today’s world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a good credit score, so it’s important to know how to maintain a positive credit score and credit history.
Meet Renee Hobbs
Renee Hobbs is an administrative associate for trust and personal accounts at HTC.
Tell us about yourself.
I grew up in the small town in south-central North Dakota and graduated from NDSU with a bachelor of science degree in business. I am married and have one daughter who is getting married this year.
Jan Nelson again served on the YWCA Cass Clay Chocolate Fantasy planning committee. This event benefits the YWCA Emergency Shelter for women and children in need. Special thanks to the other volunteers from HTC: Ethan Linder, Jon Benson, Kari Skauge, Kevin Wangen, and Michelle Hoppe.
Meet Lori Theis
Lori Theis is a compliance associate at Heartland Trust. She makes sure all reports are filed, boxes are checked, and everything is compliant with the regulations and standards HTC must follow.
Tell us about yourself.
I was born, raised, and still live in Moorhead, Minnesota. I have one son, Adam, who got married earlier this year. I am proud to say I am going to be a first time Grandma in February of 2022. I also have a dog; he is a beagle and his name is George.
Adapted from Broadridge Investor Communication Services
Choosing a Beneficiary for Your IRA or 401(k)
Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order to select the right beneficiaries. Although taxes shouldn’t be the sole determining factor in naming your beneficiaries, ignoring the impact of taxes could lead you to make an incorrect choice.
In addition, if you’re married, beneficiary designations may affect the size of minimum required distributions to you from your IRAs and retirement plans while you’re alive.
Sheryl Bernier retired after 31 years at Heartland Trust Company. Sheryl was employee #2 at Heartland and with Steve Halverson created North Dakota’s first independent trust company. We will miss seeing her every day and wish her well on her new journey!
Kari Skauge is the new kid on the block at Heartland Trust. She came onboard this quarter as our compliance officer. We are very glad to have her.
Tell us about yourself
I grew up in Hawley, Minnesota, and then attended the University of North Dakota where I earned a degree in business management. I started my career in the financial industry in 2013 and found my niche with compliance. Through our journey, my husband and I ended up building a home on the same farm where I grew up. I can honestly say, there is no place like home!
What do you like to do in your spare time?
I like to spend time with family playing pinochle and cribbage, traveling, ice fishing, snowmobiling, and skiing. My favorite chore is mowing the lawn – there is nothing more relaxing!
