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Your Bank > Education and Advice > CNB University

Terwilliger, James

Title
Date
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 30, 2014
Podcast: Enhancing Your Financial Fitness in 2014 and Beyond

We hope you enjoyed listening to "Ask the Experts" on News Radio WHAM 1180, broadcasted on Sunday, March 30th at 8 00pm. Ask the Experts is a financial forum for education and advice as CNB’s experts answer your questions on

Mar 30, 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
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
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