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Impacts of the Kodak Bankruptcy on Former Employees and Retirees

J Terwilliger 2014
James P. Terwilliger, PhD, CFP®
Senior Vice President, Senior Planning Advisor
[email protected]
(585) 419-0670 x50630
J Fitzgerald 2014
Jason W. Fitzgerald, CFP®
Senior Vice President, Senior Wealth Advisor - Team Leader
[email protected]
(585) 419-0670 x50628
M Mazzochetti 2014
Mark S. Mazzochetti, CISP
Vice President, Retirement Services Officer
[email protected]
(585) 419-0670 x50606
We hope you enjoyed listening to "Ask the Experts" on 1180 WHAM, Sunday, January 29th at 8pm.

Ask the Experts is CNB’s financial forum for education and advice as local experts answer your questions on financial topics that interest you. The experts of the last call included James P. Terwilliger, PhD, CFP®, Senior Vice President and Financial Planning Manager, Jason Fitzgerald, CFP®, Vice President and Investment Officer, and Mark Mazzochetti, CISP, Vice President and Retirement Services Officer as they reviewed the impacts of the Kodak bankruptcy on former employees and retirees.


Highlights From the Show Audio Clip

1. Meet the CNB Team.


2. Addressing Kodak Retiree Inquiries.


3. CNB’s Jim Terwilliger, PhD, as a 30 Year Kodak Retiree, prior to his tenured CNB Career.


4. CNB’s Key Message for Kodak Retirees: Don’t Do Anything Drastic!


5. Are my Kodak 401(k) Plan assets safe?

6. Should I be nervous if I receive benefits from the Kodak Pension Plan?
7. After years of saving for my retirement, what do I do now?
8. Why it may be a good idea to leave your assets in the Kodak 401(k) Plan, between ages 55 and 59-1/2?
9. After bankruptcy, there are 3 major goals of Kodak going forward.
10. Is CNB in a better position than other financial institutions to help people with their financial needs?

You can also listen to the broadcast in its entirety here:


For questions, feel free to Ask a Planner.

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.

Tax information presented is not to be considered as tax advice and cannot be used for the purpose of avoiding tax penalties. Neither Canandaigua National Bank & Trust nor its affiliated Companies provide tax, legal, or accounting advice. Please consult your personal tax advisor, attorney, or accountant for advice on these matters.