Kara Tesch, Author at The First National Bank in Sioux Falls

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Tax-advantaged retirement accounts: What’s the difference between traditional and Roth?

So, you’ve started a new job. Maybe it’s your first job, or maybe you’ve decided to continue your career with a different company. As you begin your new job, you’ll also be setting up contributions into a retirement account. This could be an IRA or an employer-sponsored plan — such as a 401(k), 403(b), etc.

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Insuring Your Success – Crop insurance updates going into 2025

First on the Farm Newsletter

Wrapping up 2024 Although it’s still early, I’m seeing and hearing of corn production at or above Actual Production History (APH) levels for multi-peril crop insurance. As I type this article, ironically, both new crop corn and soybean futures prices are down 13% from our spring price guarantee (corn – $4.66 to $4.05; soybeans – $11.55 to $10.05).

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Ways to make a cash or check deposit

As part of our commitment to serving your financial needs with innovative technology and convenient locations, we offer multiple ways to make a deposit.

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Health vs. wealth: Business founder Diana Cabrices stresses importance of finding balance

Common Cents on the Prairie™

“Essentially, I worked so hard to reach a status and a financial level that, then, I had to use that same money to get my health back.” After growing up in a paycheck-to-paycheck household, Diana Cabrices — founder of Diana Cabrices Consulting — worked so hard to achieve financial security that she began to pay the price with her health.

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Using home equity to finance your remodel, with help from Mortgage Banker Jill Salter

Are you thinking about making home improvements or planning your next renovation project? You may want to consider using the equity in your home to finance a remodel. Jill Salter, a mortgage banker based out of Brandon, is passionate about helping homeowners use their home equity to fulfill other financial goals, such as remodeling projects.

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Kids and cash: 3 tips from a fellow parent for teaching your kids about money

First National Wealth Management

Parents, feeling like an ATM these days? Me too! Whether it’s my tween daughters and all their skincare products or my sports-obsessed son wanting the latest and greatest baseball bat or basketball shoes, it seems like my current life stage is money in, money out. All the while, we’re trying to teach the kids important lessons about money.

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Protecting your finances after the Social Security data breach

According to a report from USA Today, a national data breach has led to hackers obtaining and subsequently releasing 2.9 billion records containing people’s sensitive personal information. The compromised information includes Social Security numbers, names, current and past addresses, names of relatives, email addresses, and phone numbers.

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Former Raven Industries executive leaves corporate world, finds fulfillment in new business venture

Common Cents on the Prairie™

Lon Stroschein’s story started with a local farm kid earning his education at South Dakota State University. Fast forward 20 years and he had climbed the corporate ladder to become an executive at Raven Industries — but he no longer felt fulfilled.

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How does an election year affect my investments?

First National Wealth Management

Each election year, many investors scratch their heads wondering about how the upcoming presidential race will affect their investment portfolios. Their TV screens are plastered with political ads, their phones are bombarded with campaign text messages, and the 24-hour news cycle becomes oversaturated with updates, hot takes, and the latest polls.

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Two new bankers join First National Ag Team

First on the Farm Newsletter

With growth in the ag industry, we are also experiencing growth on the First National Ag Team. We would like to welcome two new Ag Bankers, Darby Martin and Jeremy Zink! Darby Martin Darby grew up on a farm near Platte with four older brothers, which fostered her passion for agriculture.

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