Partners
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Dan Sherwin
Categories:
Financial, Insurance, Services
Websites
Sherwin Group
Request More Information
Blue Cross Blue Shield of Minnesota
Medica
Health Partners
Medicare
Social Security Administration
Delta Dental
Minnesota Comprehensive Health Association
Health Care Reform
Sherwin Group
Request More Information
Blue Cross Blue Shield of Minnesota
Medica
Health Partners
Medicare
Social Security Administration
Delta Dental
Minnesota Comprehensive Health Association
Health Care Reform
Business Hours:
| Monday: | 8am-5pm |
| Tuesday: | 8am-5pm |
| Wednesday: | 8am-5pm |
| Thursday: | 8am-5pm |
| Friday: | 8am-5pm |
| Saturday: | by appt. |
| Sunday: | by appt. |
The Sherwin Group
For many, years of investing and accumulating assets through various retirement accounts have made it easy to lose track of where everything is. We can help - by giving you an overview of where you stand. If you're paying excess or unnecessary taxes due to an oversight, if we believe your investments are too high-risk or your risk management insufficient, we'll let you know.
Well-Being
When it comes to our clients, we genuinely care about them, their goals, and their well-being. While some in our industry only touch base with their clients annually, we like to remain in regular contact. We do everything we can to make our clients' financial lives simpler, and address issues before they occur.
Well-Being
When it comes to our clients, we genuinely care about them, their goals, and their well-being. While some in our industry only touch base with their clients annually, we like to remain in regular contact. We do everything we can to make our clients' financial lives simpler, and address issues before they occur.
Categories:
Financial, Insurance, Services
Categories
Financial
Business Type:
Financial Institution
Business Type: Financial Planning
Business Type: Investment
Licensed : Yes
Insured: Yes
Business Type: Financial Planning
Business Type: Investment
Licensed : Yes
Insured: Yes
Insurance
Business Type:
Medical
Free Quotes: Yes
Licensed: Yes
Local Agent/Adjuster: Yes
Free Quotes: Yes
Licensed: Yes
Local Agent/Adjuster: Yes
Services
Business Type:
Business and Professional
226 N Broad St . Suite A
Mankato MN 56001
(507) 625-4322
866-806-8846 (toll-free)
(507)625-4346 (fax)
Slideshows
1 Slideshow
Partners
Pictures
8 Pictures
The Sherwin Group - Michelle Amundson
The Sherwin Group - Dan Sherwin, Sheri Fedson, Michelle Amundson
Dan & Vickey Sherwin
The Sherwin Group - Dan Sherwin
The Sherwin Group-Sheri Fedson
The Sherwin Group -North Broad Street view
Kate Waagner -Client Services Director
Average Rating of 2 User Reviews
Testimonial
drumco August 11, 2011
My dealings with the ShrewinGroup has been on the investment side of their business.These folks are extremely dedicated,sincere,trustworthy and always put the interest of their clients first.They are without question on top of market conditions and communicate effectively with their clients. Michelle is involved with my investments on a daily basis and creates a comfort zone which augments my confidence in her ability. It is a pleasure to deal with these folks.
Robert E. Peterson
Testimonial
lauraturk July 24, 2011
We have been very pleased with the services provided to us by The Sherwin Group. Dependability is the first word that comes to our mind in describing Dan, Sheri and Michelle. No issue or question is ever too small. We always can count on an immediate response.
As we transitioned into a new phase of medical insurance we were advised to visit with Sheri Fedson. Her professional attitude, her knowable base and her personal attention elevates her to a level far beyond our expectation. Without
reservation, we would recommend her to anyone transitioning into the world of Medicare.
Laura and Jim Turk
| Individual Life Insurance |
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Individuals can obtain life insurance for themselves, based on health underwriting. Various types of life insurance exist. Term life insurance is available for a shorter term, typically 10 to 20 years of coverage. Whole and Universal life insurance are available for a longer period, an individual’s entire life.
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| Group Life Insurance |
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Group Life Plans are available through an individual’s employer. Employers can obtain life insurance for their employees, putting all individuals under one plan.
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| Long-Term Care Insurance |
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Long-Term Care Insurance helps to protect individuals from the expenses that can be incurred later in life when it becomes harder to care for ourselves. Long-Tem Care covers at-home care, assisted living care, and nursing home care.
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| COBRA |
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The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a way for employees and their families to remain on the group health plan in the event of reduced hours, job loss, transitioning between jobs, death, divorce, or other life changing events. The employee may be required to pay the cost of the insurance up to 102% of the cost to the plan.
http://www.dol.gov/dol/topic/health-plans/co...
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| Group Health Insurance |
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Group health plans are available through an individual’s employer. Employers can obtain health insurance for their employees, putting all individuals under one plan.
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| Individual Health Insurance |
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Individual health insurance is available to individuals, based on health underwriting.
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| Family Health Insurance |
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Family health plans are available for families, putting all members of the family on one plan so that the deductible and out-of-pocket maximums for a calendar year are shared by all members of the family.
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| Medicare Supplement |
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Those individuals that qualify for and are enrolled in Medicare A & B can enroll in a Medicare Supplement. A Medicare Supplement helps to fill in the gaps of what Medicare itself does not pay.
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| Medicare Drug Plan, Part D |
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Medicare Drug Plans, Part D, are available through private insurance companies only. They insurance the prescription side of health care costs.
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| Medicare Advantage |
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Medicare Advantage plans are an option for individuals over age 65 that combines Medicare Parts A, B, & D into one plan. Individuals are typically most use plan approved doctors, hospitals, and providers.
http://www.medicare.gov/navigation/medicare-basics/coverage-choices.aspx
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| Medicare Cost Plans |
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Medicare Cost Plans work similarly to Medicare Advantage Plans. The difference being if an individual chooses to see a doctor out-of-network provider, Medicare pays for services while the individual simply pays the Medicare Part A and Part B co-insurance and deductible.
http://www.medicare.gov/MPPF/Static/TabHelp.asp?activeTab=2&term=Medicare+Cost+Plan&language=English
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| 529 Plans |
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A 529 Plan is a way that some states allow to set aside money for post-secondary education. Payments to a 529 plan are not deductible on taxes; however, as long as the funds are used for qualified education expenses there is no tax on the distribution of the funds.
http://www.irs.gov/publications/p970/ch08.html
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| 401k |
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A 401k is an employer-sponsored retirement savings account. Since contributions are made by deducting from a person’s payroll before taxes are withdrawn, they are considered pre-tax dollars and can provide significant tax savings by reducing taxable income.
http://budgeting-investing.ameriprise.com/financial-planning-articles/retirement-planning-information/401k-plan.asp?s_kwcid=TC|12570|401...
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| 403b |
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A 403b is a retirement savings account available to individuals employed in certain sectors: public education organizations, tax-exempt organizations, and certain ministers. Contributions to 403b plans are similar to contributions to 401k plans in that they are made before taxes are withdrawn allowing funds to grow tax-deferred.
http://en.wikipedia.org/wiki/403(b)
http://www.irs.gov/publ...
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| Simple IRA |
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Simple IRAs are plans that are available to small businesses, less than 100 employees. The employer matches contributions that employees make up to a certain percent.
http://www.irs.gov/retirement/article/0,,id=108941,00.html
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| SEP IRA |
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SEP IRAs are Simplified Employee Pension Plans which allow employers to make contributions to an employee’s retirement plan in a simplified manner.
http://www.irs.gov/retirement/article/0,,id=111419,00.html#1
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THE FREE PRESS
WOMEN’S SECTION
PROFILE: The Sherwin Group/Sheri Fedson and Michelle Amundson
A Perfect Team
Sheri Fedson and Michelle Amundson bring their unique talents and special services to The Sherwin Group.
Sheri Fedson and Michelle Amundson met in September of 2006. Amundson had moved to town with her husband less than a year earlier and had been trying to get used to staying at home instead of working. When she decided that she needed to get out of the house a few days a week, she applied for a part-time administrative position at EFS, a financial services business in Mankato.
Fedson was the office manager for EFS at the time. She interviewed Amundson—and walked out of that first meeting confident that she had found the right fit.
“I knew instantly that she would be perfect,” Fedson says. “My colleague Dan [Sherwin] and I practically skipped out of the interview, because we knew we had found the right person for the job.”
Amundson and Fedson have been friends and colleagues since then. In January, they also became partners, when they officially took over ownership of The Sherwin Group, where their individual expertises add up to a unique concept that pairs investment advising (Amundson’s focus) with comprehensive insurance options (Fedson’s specialty).
“We handle different aspects of the business,” Amundson explains, “but it’s wonderful to have her as support. I couldn’t do this alone.”
Full-time Financial
Michelle Amundson moved to Mankato in 2005 for her husband’s job. Both of them had been working for Anderson Windows in Stillwater, but when he was assigned a sales territory in the Mankato region, she quit her job and relocated with him.
Although she stayed busy taking care of their two daughters and managing much of the process of building a new home, she knew that she wanted to do more with her time. That’s why she applied for the job at EFS, and why she happily accepted when it was offered to her.
Amundson’s job quickly went from part-time to full-time; her responsibilities evolved too. Once she started doing compliance work, she discovered how much she enjoyed being involved in the financial industry.
“The more I got into it, the more I loved it,” she says. “I had found my passion. It was almost like it was fate, like it was all meant to work out this way. I just couldn’t be happier.”
Now Amundson, who started working with Dan Sherwin to provide retirement planning services in 2008, is planning to begin working toward her Certified Financial Planner certification this year. That will allow her to provide even more services to her clients—many of whom have become like family, she says.
“I love meeting with the clients,” she says. “I enjoy getting to know them and developing relationships with them.”
Fedson says that is one of Amundson’s strengths. “She is very relationship oriented,” Fedson says. “It’s not just transactional. It’s about the relationships with the clients.”
Amundson wasn’t surprised by how much she appreciates working with her clients, but she was surprised by how much enjoyment she gets from the work itself. She especially enjoys being able to help manage accounts locally, instead of assigning them to a mutual fund manager elsewhere. She works with her clients to develop portfolios that match their needs and then watches the market closely on their behalf.
“I love that part of it so much,” she says. “In fact, when the market closes, I often think, ‘Darn—I have to wait until tomorrow now!’”
Now Mankato feels more like home than Stillwater did.
“Everywhere I go, from the grocery store to the YMCA, it feels like home,” Amundson says. “There is definitely a community feeling here that I haven’t experienced before.
Inside Insurance
In the almost 22 years since Sheri Fedson started working at EFS, she has done everything from administrative tasks and office management to assisting security advisors and selling health insurance.
Sometimes, she was doing all or most of those at the same time. But now, she’s able to focus her attention on the one thing she does best.
“Now, health insurance is all that I do,” Fedson says. “And I really do love what I’m doing.
She admits that most people don’t think of health insurance as fun—and she acknowledges that it’s a complex subject that can be frustrating to deal with. But the joy she gets out of working one-on-one with clients and the satisfaction she receives from helping them solve problematic situations makes it all worthwhile to her.
“I enjoy working with people,” she says. “My clients are anywhere from 18 up to 95 years old. There’s always a variety, and it makes the days go faster for me. And for me, it’s rewarding to know that I’m helping someone with a need they have.”
The clients, Amundson observes, appreciate her help as well. “They love her,” she says. “It can be so confusing, and she handles it so well.”
She handles it so well that many of her clients have found creative ways to thank her. She’s received personal cards, prayers, poems and other gifts from people she’s worked with—and dozens of hugs as well.
“Hugs are so cool,” Fedson smiles. “From the seniors especially. They do tell you that they love you. They are so wonderful. And it feels good to know that you were able to do something that helped them out.”
Fedson grew up in Austin and moved to Mankato in 1981 while her husband was attending Minnesota State University, Mankato. “We’ve just stayed since then,” she says.
She started her career as a secretary in an insurance office in 1982. In 1990, she started working at EFS. In both places, she found mentors who helped her understand the business and grow both personally and professionally. “These people who mentored me helped to grow into what I’m doing now,” she says. “I’m lucky I had them.”
Dan Sherwin is one of those mentors. He helped her develop her specialty in health insurance by asking her to join him when he purchased a block of business and needed help handling the additional client load. Fedson was honored when he asked her to join him and Amundson when they spun The Sherwin Group off as a separate business in 2009.
“That Dan thought enough of me to have me be part of this with him means so much,” Fedson says. “And I feel lucky to have Michelle for a partner, too.”