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Your Bank > Education and Advice > CNB University

Terwilliger, James

Title
Date
Mar 10, 2014
The Pension Decision – Lump Sum or Lifetime Income?

Employer sponsored defined benefit pension plans are quickly becoming a thing of the past, at least in the private sector. Most public employees are still covered by such plans, although a lump sum option generally is not available. For private

Mar 10, 2014
Mar 10, 2014
Roth IRAs – A Good Deal!

It’s no secret that I like Roth IRAs …a lot. The Roth IRA was established by the Taxpayer Relief Act of 1997 and named for its chief legislative sponsor, Senator William Roth of Delaware. It is one of the most

Mar 10, 2014
Sep 24, 2013
When Social Security Behaves Like Insurance

We previously published articles dealing with preferred strategies for claiming Social Security retirement benefits. What is not appreciated by many is that by managing claiming strategies carefully, it is possible to build the equivalent of a sizeable longevity insurance benefit

Sep 24, 2013
Sep 24, 2013
Working into the “Retirement” Years – Some Financial Considerations

More and more folks these days are working beyond, sometimes well beyond, what used to be considered the standard retirement age of 65. Recent changes in full retirement age for Social Security are consistent with this trend – age 66

Sep 24, 2013
Aug 30, 2013
Updating your Beneficiary Designations

We constantly remind clients to review their estate plans, making sure that wills and other estate planning documents (powers of attorney, living wills, and health care proxies) are up to date. Doing so is necessary but not nearly sufficient. What

Aug 30, 2013
Aug 30, 2013
Don’t Shortchange your Retirement Standard of Living

The rules really do change when transitioning into retirement. An abrupt switch from accumulating assets to consuming assets, particularly when drawing part of your monthly “retirement paycheck” from your investment and retirement accounts, can be a frightening experience. No longer

Aug 30, 2013
Jul 10, 2013
After-Tax Accounts: An Important Piece of the Investment Puzzle

Much has been written about the benefits of retirement savings vehicles – 401(k)s, 403(b)s, IRAs, Roth IRAs, and other tax advantaged savings plans. Such vehicles provide a number of benefits. Most offer tax deferral on contributions and on earnings growth

Jul 10, 2013
May 28, 2013
Planning Opportunities to Consider Before Applying for Social Security

Many retirees consider the decision of when to start receiving Social Security benefits to be a no brainer. But life is not that simple. This may be the most important decision faced by retirees. Making the wrong choice can mean

May 28, 2013
May 19, 2013
Podcast: Social Security, An Undervalued Retirement Resource

We hope you enjoyed listening to "Ask the Experts" on 1180 WHAM, Sunday, May 19th at 7pm. Ask the Experts is CNB's financial forum for education and advice as local experts answer your questions on financial topics that interest you.

May 19, 2013
Jan 02, 2013
Financial Planning Checklist for the New Year

Most of us will never win the lottery …or inherit a windfall from a rich uncle …or pick the next million to one hot stock. That’s all luck. Luck will not secure our retirement. Nor will it fund our children’s

Jan 02, 2013
Oct 18, 2012
Exploring 401(k) Options for Retirees

The media have been abuzz with concerns raised by retirees or former employees of some local companies, including Kodak, about the safety of their 401(k) plans. While such retirement plans are separate from company finances and inaccessible to creditors, rumors

Oct 18, 2012
Oct 15, 2012
Who Will Provide Your Retirement Paycheck?

Most of us rely on ongoing paychecks from employers during our working years. But many folks preparing to retire don’t give much thought to the “paycheck” that will provide a dependable, steady stream of monthly income during their post employment

Oct 15, 2012
Aug 18, 2012
Podcast: Take Control of Your Finances - Make Your Money Work for You

Podcast of Jim Terwilliger, PhD, CFP®, SVP and Manager Financial Planning Services of Canandaigua National Bank & Trust and Mike Reed, CFA, SVP, Manager of Investment Services, at Canandaigua National Bank, discussed ways you can take control of your finances and make your money work for you.

 

 

Aug 18, 2012
Apr 10, 2012
Just Having a Will is Not Enough

Folks who have a will in place feel reasonably secure about their wishes being honored in the event of their passing. For some, the feeling is justified. For others, having a will provides a false sense of security. Why? There

Apr 10, 2012
Jan 29, 2012
Impacts of the Kodak Bankruptcy on Former Employees and Retirees

  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.

Jan 29, 2012
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