What Are the Benefits of Online Business Banking?
In today’s fast-paced digital age, the relationships we have with our clients are heavily reliant on the products that we provide through our digital channel. At Community First Bank, our commitment is to be Your Financial Partner for Life, guiding you through every milestone and endeavor. Business Online Banking provides our clients with a 24/7 […]
How to Find the Best Fiduciary Financial Advisor for You
Managing personal finance is a journey, and just like any journey, it can be beneficial to have a trusted guide. A fiduciary financial advisor facilitates this role by providing expertise and dedication aligned with your needs and objectives. Today, we’re covering what distinguishes a fiduciary financial advisor from non-fiduciaries and how to find the right […]
What to Know Before Picking a Retirement Savings Account
When it comes to saving for retirement, there are various tax-advantaged accounts to choose from. Each type of account offers different tax treatments, which can affect how much you pay in taxes both now and in the future. Here’s a breakdown of the three main types of retirement accounts and their tax treatments: Traditional IRA […]
A Step-by-Step Guide to Opening a Business Bank Account
Why Separating Business and Personal Finances is Vital As a small business owner or entrepreneur, one of the key financial decisions you’ll make is opening a business bank account. Beyond the convenience it offers, separating your business and personal finances is crucial for legal protection and effective financial management. In this step-by-step guide, we’ll walk […]
Three Reasons Why You Need to Participate in Your Company’s 401k Plan
In 1970 more than 45% of all private sector employees in the United States were covered by some kind of pension plan. As of 2022, that number is around 4%. What does this dramatic difference mean for the present-day worker? Well, the truth is, the next generation of retirees will rely on their own savings […]
What is a Fiduciary?
Understanding the role and responsibilities of a fiduciary and their importance. A fiduciary is someone who manages assets on behalf of an individual, family, or company and is required to act in their best interest. Examples of fiduciary professions include financial advisors, board members, attorneys, and trust officers. When named a fiduciary, by law you […]
A Penny Saved is a Degree Earned: Education Savings Options in Washington State
I consider education to be one of the most important investments that a person can make. Unfortunately, education costs have grown exponentially, with tuition prices jumping 178% since 2000. With this pace of education inflation, it is not surprising that many families view student loans as the only way to get their child across the […]
What a BRICS Currency Means for the US Dollar?
Earlier this month, it was announced that the BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, are working on a unified currency and plan to present their idea at the next BRICS Summit in South Africa. Their long-term objective is to replace the U.S. Dollar as the global currency standard. This development […]
Safeguarding From Local Fraud Trends
Recently, the Tri-Cities area has been experiencing an increase in the number of fraudulent transactions. These instances of fraud have been experienced at a number of local financial institutions. Our goal is to educate the members of our community about the methods used by bad actors and offer steps to protect yourself. You can also […]
5 Things You Need to Know for Your Portfolio to Grow
The world has no shortage of how-to investment books and articles. So why would I attempt to add to the pile of information? I entered the wealth management business in 1983, fresh out of college. It took more than a few years to hone my skills and learn what works and what doesn’t. Unfortunately, the […]
