Community First Investment Group

How do you know if you are taking too much risk? It's been a consistent question we've been discussing the past few weeks. To be fair to those I've had discussions with no one teaches us any of this along the way. There isn't a class you missed or talk from your parents that slipped your mind. If I could isolate one thing to everyone that has accumulated enough that they are starting to think that retirement could really be within sight. The steps that got you here are not the same ones you need to take to retire and stay retired! Protecting your first several years of funds from market downturns and ensuring proper diversification can literally make or break your ability to stay retired. A great but potentially tired analogy for this is mountain climbing. Many people don't know that approximately 1/3 of climbing injuries occur on the descent from a peak. If you really think about it that shouldn't be a surprise. A stumble on the way up is relatively easy to reach and grab a hold to catch yourself. When working backwards gravity is a cruel adversary with bad intentions. This is very much the same in our investment accounts. Often, one wrong move can put decades of future growth at risk. If you have been thinking about whether or not you are properly positioned for retirement. Please reach out to a trusted Advisor to help review your position. Getting the proper support could be life changing! #retirementplanning #familyfinances #risk

Often while talking with the people, we serve I get the question about how much they should be saving towards retirement. The experts would tell you that serious savers should be putting away at least 10%. This is where the prospects of security in retirement typically begin. Savings between 15 and 20% however creates far more opportunity in retirement. If saving over 10% seems out of reach focus on what you can do. Remember that working on your financial health is very similar to working on your personal health. We don't step off the couch and immediately hit our personal best in the gym. There is no reason to expect that it would work this way in our finances either. Remember that even if it feels like funds are tight, there could be sizable long-term impact from committing to putting an additional 1% away for your future. Below are a few hypothetical examples of the impact to your retirement savings and how the numbers were calculated from a recent article by Empower. Extra savings by retirement are an approximation based on a 1% monthly increase in contribution and the following assumptions: continued employment until retirement at 67; hypothetical persons are exactly the current age in the example; retirement occurs on the hypothetical person’s birthday; number of years of savings equals retirement age minus current age; nominal investment growth rate of 7%; hypothetical nominal salary growth rate of 4% (2.5% inflation + 1.5% real salary growth rate). #retirement #retirementplanning #familyfinances

We're hiring! As our team expands, we're looking for great people to join us ?? Visit CFBindiana.com/careers to learn more and find your next opportunity with us! ??

We’re excited to share that Larry Rolland was voted Runner-Up for Best Financial Advisor in the Kokomo Tribune's 'Best of Kokomo' awards! ?? This contest is all about popular votes from our wonderful community, and we’re so proud of his recognition ?? Thank you to everyone who voted ??

Your small business means the world to you—and to us! Our team can help you plan, so you can focus on dreaming big ?? To learn more about our business solutions or to schedule a meeting with one of our advisors, visit https://lnkd.in/gP6kkYQQ ??

A well-grounded financial plan is key if you'd like to own your home! The good news? Our team is here to help you carry the load ???? To learn more about our financial planning services or to schedule a meeting with one of our advisors, visit https://lnkd.in/grYnK_Rh ??

We are so proud to have Nate on our team. He truly gets the highs and lows of life and offers invaluable support through it all. If you need guidance, don’t hesitate to reach out to us today at 765.456.4343.

Have you ever heard the saying; "what gets measured, gets managed." If you are someone that desires simplicity when it comes to your finances what can you focus on to keep you on the straight and narrow without getting too far into the weeds? Simply put, the easiest way to do this is to use a basic balance sheet and track your net worth. For those that don't thrive on finance terms, net worth is the number left over if you were to take all of your assets (investments, savings, properties, etc.) and subtract your liabilities (debts). If you have a negative number remaining, don't lose hope this is often due to the purchase of a new home, the balance on a student debt or other areas that have accrued before you started taking control of your finances. As an Advisor, tracking net worth with the families we work with can be an easy way to help point them to the conclusion that although they may have felt they were treading water, progress was happening behind the scenes. It doesn't happen without intention and effort but small incremental improvements year over year can make a remarkable difference! What are some of your upcoming New Years Resolutions? #NewYear2025 #finanialplanning #familyfinances

Rainy days come without warning ? An emergency fund can be your safety net when the unexpected happens! To learn more about financial planning, visit https://lnkd.in/grYnK_Rh ??

Our favorite praying mantis is all dressed up for the holidays! ???? Swing by to check out the Kokomantis in its holiday best — and while you’re here, say hi to our team! ??