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You > Financial Planning Strategies

Rollover IRA

Consolidate your retirement accounts, and let our experts help you determine the right strategy to meet your goals.

Simplify your Traditional IRA, Roth IRA, and prior 401(k) assets into a Rollover IRA at Canandaigua National Bank & Trust. Your retirement plan will become more efficient, and easier to manage and understand.  We’ll help you create a personalized plan to ensure that your investment strategy supports your goalsPlus, you’ll receive a higher level of personal service—and our Pledge of Accountability, which includes a money-back guarantee.*    

What to Do with Plan Assets from a Previous Employer 

You may be considering an IRA rollover due to leaving a past job. CNB can help you through the process with rollover alternatives.  Choices for your retirement assets:  

  1. Leave the assets where they are.
    Problem: May have limitations under your prior employers plan, and cannot make further contributions
  2. Move the assets to a new employer's plan.
    Problem: New employer may not accept rollovers, may have limitations on investment options
  3. Withdrawal the assets and incur penalties.
    Problem: Could lose nearly half of your income due to Federal and State taxes, along with an additional 10% penalty
  4. Rollover the assets into an IRA with CNB.
    Benefits:  
    • Continued tax-deferred growth of your retirement income
    • Avoids potential taxes and penalties
    • Exceptional guidance and support from our experienced Retirement Services Officers
    • Wide spectrum of investment options through our ChosenTM Investment Strategies 

How to Get Started 

Our experienced Retirement Service Officers are available for a personal consultation to help you determine the right investment strategy to meet your needs and goals.  You also have the ability to rollover an existing IRA online through two interest-bearing options: money market account or certificate-of-deposit (CD).  

It’s a great feeling when everything comes together. So contact us at 585-419-0670 and let our experts develop a retirement plan that supports your goals.

Contact our Retirement Expert:

 
Mark Mazzochetti
Vice President, Retirement Services Officer
Certified IRA Services Professional
(585) 419-0670  |  MMazzochetti@CNBank.com

M Mazzochetti  
Contact Us
If you would like additional information, please use the contact us form or if you would like to speak with a Financial Services Professional, please call 585.419.0670.

This material is provided for general information purposes only and is not a recommendation or solicitation to buy or sell any particular security, product or service. Past performance is not indicative of future investment results. Any investment involves potential risk, including potential loss of capital. Before making any investment decision, please consult your legal, tax and financial advisors. Non-deposit investment products are not bank deposits and are not insured or guaranteed by Canandaigua National Bank & Trust, or any federal or state government or agency and are subject to investment risks, including possible loss of principal amount invested.

*Pledge of Accountability Fee Refund Rules. You, our Customer, are entitled to have the Annual Fee charged by CNB for management of your CNB Wealth Strategies Group Account returned should Canandaigua National Bank & Trust fail to deliver on the "Pledge of Accountability" requirements as described above. The Annual Fee is defined as the then prevailing fee charged by CNB under the terms of your Account Agreement based on the market value of the assets under management as of March 31 of any given calendar year up to $10,000. Our Pledge of Accountability to you will be effective after you have signed and returned the Pledge to your CNB Relationship Manager. Only individual accounts where CNB Wealth Strategies Group has full discretion qualify. Custody, Self-Directed and IRA Self-Directed accounts are excluded. To be eligible, your Account must be opened for a minimum of 1 year.

 

 

IRA Service Center

This material is provided for general information purposes only and is not a recommendation or solicitation to buy or sell any particular security, product or service. Past performance is not indicative of future investment results. Any investment involves potential risk, including potential loss of capital. Before making any investment decision, please consult your legal, tax and financial advisors. Non-deposit investment products are not bank deposits and are not insured or guaranteed by Canandaigua National Bank & Trust, or any federal or state government or agency and are subject to investment risks, including possible loss of principal amount invested.

*Pledge of Accountability Fee Refund Rules. You, our Customer, are entitled to have the Annual Fee charged by CNB for management of your CNB Wealth Strategies Group Account returned should Canandaigua National Bank & Trust fail to deliver on the "Pledge of Accountability" requirements as described above. The Annual Fee is defined as the then prevailing fee charged by CNB under the terms of your Account Agreement based on the market value of the assets under management as of March 31 of any given calendar year up to $10,000. Our Pledge of Accountability to you will be effective after you have signed and returned the Pledge to your CNB Relationship Manager. Only individual accounts where CNB Wealth Strategies Group has full discretion qualify. Custody, Self-Directed and IRA Self-Directed accounts are excluded. To be eligible, your Account must be opened for a minimum of 1 year.