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Your Bank > Education and Advice > CNB University

Terwilliger, James

Title
Date
Aug 31, 2016
Roth Contributions, Roth Conversions - What to Do?
I often say that the Roth IRA, and more-recent Roth 401(k), is one of the greatest gifts bestowed by the US Congress on the American taxpayer. It amazes me that so many folks do not understand its value and, consequently, do not employ it as part of their retirement savings plan. When should the Roth be used?
Aug 31, 2016
Aug 24, 2016
Managing Distributions from Your Retirement Nest Egg
Those of us offering advice in the financial planning world like to identify two primary time periods in our clients’ financial lives: accumulation phase and distribution phase. Here is some insight on how to create a distribution strategy.
Aug 24, 2016
Aug 12, 2016
Tax Law Changes Help Most Folks... Including Retirees

On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) and the omnibus fiscal year 2016 budget bill. This legislation addressed many individual and business tax provisions which expired at the end of tax-year 2014. Here is a summary of some of the more-popular personal tax provisions impacted by the legislation.

Aug 12, 2016
Aug 08, 2016
Diversifying Investment Accounts

The media have done a good job emphasizing the importance of diversification with regard to two factors: macro allocation and asset class allocation. However, there’s another very important diversification factor that’s often neglected: diversifying across account types (tax-deferred, taxable, and tax-free).

Aug 08, 2016
Nov 10, 2015
Inheriting Retirement Plan Assets
As I often like to say, “How can something that should be so simple be so complicated”. But, it’s true when it comes to inheriting retirement plans. The rules are many and confusing when managing the associated Required Minimum Distributions (RMDs). The penalty for violating such rules is severe – equal to 50% of the RMD amount.
Nov 10, 2015
Sep 03, 2015
Working Past Age 70

Age 65 tended to be the standard retirement age back a generation or more ago. That was when working for a single company for 40 plus years and receiving a guaranteed lifetime pension during retirement were the norm. My, how

Sep 03, 2015
Jul 15, 2015
Planning for a Successful Retirement

Think back 40 or 50 years. Formulating personal and career goals often led to thoughts about training, education, career, family, community … How to best prepare oneself to achieve these goals? Yet, how many folks give as much thought to

Jul 15, 2015
Mar 04, 2015
11 Years of Retirement-Related Milestones

Remember the days when it seemed like an eternity waiting those 1 2 years until we could drive …or vote …or graduate?Fast forward 40 or more years, and we are faced with a series of new, not nearly as exciting

Mar 04, 2015
Dec 23, 2014
Will changes in estate tax keep you in NY or send you packing?

In the past 15 years, the federal government has actively modified the laws that dictate how much of a taxpayer’s estate will be subject to federal estate tax. The federal exemption from estate tax is now $5,340,000 per person and

Dec 23, 2014
Nov 13, 2014
Planning for Retirement – Do the Math

So, math wasn’t your favorite subject in school? It may not have been. But when planning for retirement, you just might want to dust off your textbooks and get out your calculator. Crunching the numbers will put you ahead of

Nov 13, 2014
Nov 13, 2014
Diversifying your Nest Egg Account Types

In past articles, we have emphasized the importance of investment diversification. Such diversification refers to your overall investment portfolio and is important at two levels Macro allocation – Choosing a ratio of stock related investments to bond or cash related investments

Nov 13, 2014
Nov 13, 2014
Practicing Retirement

Practice retirement? That sounds a bit strange. After all, isn’t retirement the time to kick back, relax, and do the things you have always dreamed of doing? No work related time pressures, no schedules, no assignments due. What’s to practice? But think

Nov 13, 2014
Nov 13, 2014
Social Security Highlights

Of the topics covered in my columns over the past years, the one that has generated the most interest and questions is “How can I maximize my Social Security retirement benefits?”.The issues of most interest are Do I have a

Nov 13, 2014
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
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