USINESS
Common Financial Mistakes
Page 6A THE BEACON September 2018
CFS Team & Christ ’ s Loving Hands : ( left to right ) Edwin Brater , Brandy Marksberry , Terrie Walker , Donna Payne , Jennifer Wessel , Kim Bush , Abby Bush , Austin Ford , Marsha Hoffman , Mason Remillard , MJ Neeley , Spencer Ford , Roger Ford , Karen Sutthoff , Cindy Lea , Tricia McEvilly , Ashely Huckaby , Jill Weiler , Jessica Posey .
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CFS Raises Funds for Local Charity
Roger Ford , Wealth Advisor and CEO along with Spencer Ford and Austin Ford , Wealth Advisors of Conservative Financial Solutions , LLC ( CFS ), recently hosted their ninth Annual Client Appreciation Event at Stricker ’ s Grove Amusement Park .
Over 1,550 individuals came out to the annual event as Conservative Financial Solutions gave back to the community while thanking their clients for their commitment . The evening created lasting memories for CFS clients , their children , and grandchildren .
For the past five years , CFS has partnered with Christ ’ s Loving Hands , a local charity which partners with churches , businesses , and community agencies to make a difference in the Harrison community . CFS clients and their families were asked to consider those in need by filling Roger ’ s truck with non-perishable items or supplies . Those who attended could also purchase prize basket tickets or split the pot tickets to raise additional funds . This year , local business partners including Market Street Grille , contributed to the prize baskets !
Through the generosity of those in attendance , two truck beds along with the truck cabs were overflowing with donated items . Monetary donations along with the funds raised at
MJ Neeley , Marsha Hoffman , and Austin Ford stand with Roger and Spencer Ford at a truck full of donations for Christ ’ s Loving Hands .
the event and the CFS company match totaled $ 7,750 !
“ We ’ re speechless ! This event restocks our pantry ! My heart is overjoyed in knowing how many local families will benefit from the kindness of others . I cannot thank everyone enough ,” said Marsha Hoffman , Director of Christ ’ s Loving Hands .
“ I ’ d like for all of those who donated to know that every day we have someone in need come to us for help and because of this event , we are able to assist those in our community this summer ! I was fortunate to be able to visit with those dropping off donations at the trucks , and again this year , I couldn ’ t hold my tears back , the generosity of the clients and knowing how many families will benefit , it is just so touching ,” said MJ Neeley .
Chamber Hosts Meet-And-Greet
The Dearborn County Chamber of Commerce recently hosted a luncheon for its members . The event was held at Casey ’ s Outdoor Solutions and was attended by over thirty members . Everyone had an opportunity to speak about their business and their current projects . A networking session followed lunch . The next meet-and-greet luncheon is slated for Dec . 6 .
Ivy Tech Offers New Associate Degrees
Ivy Tech Community College will be offering the Associate of Science in Secondary Education with concentrations in Mathematics or Biology starting in Fall 2018 .
“ One of Ivy Tech ’ s primary goals is to offer programs that are aligned to workforce needs ,” said Sue Ellspermann , president of Ivy Tech . “ There is a growing shortage of high school STEM ( Science , Technology , Engineering , and Math ) teachers , and as a result , we have worked closely with the Commission for
Higher Education and Indiana ’ s public universities to develop programs in secondary math and biology education .”
The Associate of Science in Secondary Education is a part of the Transfer as a Junior program options . When enrolled in this program , the student will earn an associate degree from Ivy Tech , then can transfer to any Indiana public fouryear university with automatic junior status , upon meeting the receiving institution ’ s admissions requirements .
For more information , visit IvyTech . edu / secondary-education .
Credibility • Advocacy • Education • Visibility
What Can The Chamber Do For You ? Just Ask !
812-537-0814 www . dearborncountychamber . org
FREE TIRE RECYCLING
County residents only , no businesses .
Casey ’ s New Venture
Nestled deep in the woods in Ohio County is Heritage Farms at Willow Creek , a wedding and private event venue . Owned and operated by the Knigga family , Heritage Farms at Willow Creek is a 450-acre farm located near Milton . The park-like setting includes century-old trees , several streams , and two creeks . The property is classified as a Forest Wetland Area as well as a Wildlife Habitat .
In the heart of the property is the Knigga 1853 Hay Press Barn which was originally located in Rising Sun before
Casey Knigga & Toni Minning at Heritage Farms .
Casey Knigga , also the owner of Casey ’ s Outdoor Solutions , relocated the dilapidated structure to the Knigga family farm . After keeping the barn components in storage for a few years , it was restored back to its original glory in 2007 . A hay press is a three-story stationary hay bailing mechanism called the Hewitt , Beater and Mormon Press . It was invented by Samuel Hewitt of Switzerland County , Indiana in 1843 to be an improvement over other presses at the time . Making each 300-lb . bale would take ten to fifteen minutes . Bales were then shipped on the Ohio River to growing urban areas where hay was not readily available . Only two of the original two hundred to three hundred working hay press barns are left in the state of Indiana , and the Knigga Hay Press Barn is one of them . In 2016 the Knigga Hay Press Barn was selected as a Top 10 Indiana Bicentennial Barn out of the two hundred barns that were entered . Casey has a vision of the farm becoming an historic village . His search for historic structures such as a bank , schoolhouse , saloon , and even a covered bridge is ongoing .
Heritage Farms is available for weddings , receptions , and private events that are out of the ordinary with a relaxed atmosphere . The property is also ideal for corporate events , reunions , retreats , and parties .
For more information visit www . HeritageFarmsatWillowCreek . com or contact event coordinator Toni Minning at info @ heritagefarmsatwillowcreek . com .
Common Financial Mistakes
A Five-Part Series on Common Financial Mistakes Made by Pre-Retirees & Retirees
PART TWO : INVESTMENTS
Investing during retirement is much different than investing for retirement . This fundamental principle is often overlooked when it comes to retirement income planning . When you started saving for retirement , you had a particular goal , save as much money as possible . So , you saved what money you could with the idea of one day being financially independent . As a retiree , the objective is to no longer accumulate a vast amount of wealth , but it is now important to properly manage what you have accumulated .
During retirement , your nest egg ( the wealth you accumulated during your working years ), should now provide the financial resources for what goals you set for retirement . This nest egg should provide income to pay for every day expenses , health care , travel , spoiling the grandchildren , and the list continues !
In some cases , this nest egg will need to provide financial income for more than thirty years !
Common Mistake # 2 : Misunderstanding Risk
In Part One , I shared the first common mistake is not having a plan for retirement . The second common mistake goes hand in hand with the first , it ’ s misunderstanding risk .
“ I tell my clients , I want their investment lives in retirement to be boring , so their actual lives during retirement can be full of excitement !”
— Roger Ford
Too often , when I evaluate portfolios of individuals near retirement , they are filled with an incredible and unnecessary amount of risk . They haven ’ t been advised properly on when and how to help reduce their portfolio ’ s risk as they plan for their anticipated income needed during retirement . I have seen portfolios that are in danger of losing more than a quarter to a third of their value if faced with another economic downturn like the ones we faced in the early 2000s 1 or the financial crisis of 2008 2 . Can you imagine what retirement would look like if your portfolio lost a quarter of its value ?
Preparing for retirement consists of building a portfolio with a responsible amount of market risk as well as generate a steady and predictable income stream . I tell my clients , I want their investment lives in retirement to be boring , so their actual lives during retirement can be full of excitement ! Retirement is not a time to be on a swing of more than a 5 % loss and a 15 % gain , it doesn ’ t make sense to take on more risk at this time of life . The key to having a successful retirement begins with having a plan and managing the amount of risk in your investment portfolio .
1
https :// en . wikipedia . org / wiki / Early _ 2000s _ recession
2 https :// www . investopedia . com / articles / economics / 09 / financial-crisis-review . asp
Conservative Financial Solutions | Roger L . Ford 10403 Harrison Ave . | Harrison , OH 45030 513.367.1113 | ConservativeFinancialSolutions . com
Securities offered only by duly registered individuals through Madison Avenue Securities , LLC ( MAS ), member FINRA / SIPC . Investment advisory services offered only by duly registered individuals through AE Wealth Management , LLC , a Registered Investment Advisor . MAS and Conservative Financial Solutions are not affiliated companies . AE Wealth Management and Conservative Financial Solutions are not affiliated companies . Investing involves risk , including the potential loss of principal . Any references to steady and predictable income generally refer to fixed insurance products , never securities or investment products . Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company . Neither the firm nor its agents or representatives may give tax or legal advice . 535024
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