Articles for July 2012

4th Annual CFG I-Cubs Outing

It’s that time of the year again- It’s time for the 4th Annual Cornerstone Financial Group I-Cubs Outing! Join Judy, Maddie and I for a fun night of baseball at Principal Park. This year’s event will be on Monday, August 6th. The first pitch goes out at 7:05, and as always, the tickets are on us.

If you are a client and would like to join us for the game, we’d love to have you! We will also pay for up to 2 guests if you have some friends that enjoy baseball, too. If you would like to attend this year’s game, please RSVP to our office by Friday, July 27th. Our number is 641-782-5577 in the Creston area, and 515-251-4515 in the Des Moines area.

We hope to see you there!

The Answer is Obvious

We aren’t saving enough.  Sure, we try to pass the buck by saying the economy hasn’t been good, the investment markets have been lackluster, things are more expensive.  That may be  true.  But if your retirement plan is predicated on good markets and purchases being inexpensive, that’s not a good plan.  At some point in time you’ll find things don’t always work the way you’d like.  The formula for accumulating investment wealth is simple

  1. Invest.
  2. Let your investments grow through compound interest.

You can’t get to #2 without first doing #1.  It’s the #1 that you control.  It’s #2 that you do not control.   So if you do not save, it’s unreasonable to expect the investments to do ALL the heavy lifting.  If you are only investing 2-4% a year towards retirement, your retirement is likely to be meager.   For more thoughts on this, check out the video on the front page of our website, www.cfgiowa.com. It’s an eye-opener!

 

Opinions voiced in this communication are not intended to provide specific advice and should not be construed as recommendations for any individual.  To determine which investments may be appropriate for you, consult with your financial, tax or legal professional.