Wealth Management Blogs - The First National Bank in Sioux Falls

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A candid conversation with Mayor Paul TenHaken about personal finances

“One of my first memories about money is, I built a little treasure chest…and it had a compartment in it.

Beyond the numbers: How to unlock the potential of your personal financial statement

When you hear the term “personal financial statement,” it’s likely you think of columns of numbers, a balance sheet, and net worth calculations.

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Retirement timeline for tax-saving opportunities, other retirement benefits

First National Wealth Management

Are you stashing away the most money possible in your employer’s retirement plan? Contributing the maximum to your individual retirement account (IRA)? What about your Health Savings Account (HSA)?

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What is purpose? Hear from hospice doctor, author Jordan Grumet

Common Cents on the Prairie™

“I always tell people, ‘You can’t find purpose; you create it.’ But it is true that we have to understand the, you know, the ‘beckonings’ — the things in our life that we might want to build purpose around.

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8 year-end financial planning tips to get your money in shape for 2025

Want to know how financial experts get their money in shape for the new year — so you can too?

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‘This is the dream home’: Local small business owners share homebuilding plans

Common Cents on the Prairie™

“I know we’re going to have to spend a lot of money, so I don’t want to compromise.” Build, buy, or remodel? With all the chaos of the housing market in recent years, many homebuyers are feeling stuck.

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Roth vs. traditional: Choosing the best retirement account for my situation

First National Wealth Management

Deciding whether a Roth or traditional account is best for you is a very personal experience. Differences in income, retirement expectations, and state tax treatment will all be determining factors in your choice.

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New federal reporting requirement for beneficial ownership information (BOI)

Updated December 6, 2024: In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order

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Selling your business? Here's your guide to a successful transition

So, you’re thinking about selling your business. What is your “why”? Is it to create a financial legacy? To pass along your business to family? To get the most money from the sale or the best outcome for your employees?

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