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Your Bank > Education and Advice > CNB University

Social Security

Title
Date
Jun 30, 2016
Do You Have the Right Medicare Coverage?

Medicare can be very complicated. You understand that something happens/must be done when you reach your 65th birthday. There are many rules that may or may not apply to you if you are retired, still working, covered by an employer plan, covered by spouse’s employer plan. The size of your company will also make a difference.

Jun 30, 2016
Jun 17, 2016
Summer 2016 Optimum Newsletter

In this issue: Do You Have the Right Medicare Coverage?, Social Security: When is the best time to start collecting?, and Life Insurance Options Later in Life.

Jun 17, 2016
Feb 01, 2016
Social Security Changes in 2016
Social Security claiming strategies have been a key financial topic in recent years, especially as Baby Boomers are planning for and entering into Retirement. As part of the Congressional Budget deal just struck in October by House Republicans and President Obama, two key Social Security claiming strategies have been closed, ending two income-bolstering approaches that benefited married (and divorced) couples, and in some cases their dependents.
Feb 01, 2016
Dec 21, 2015
Taxes, Retirement, and Timing Social Security
The advantages of tax deferral are often emphasized when it comes to saving for retirement. So it might seem like a good idea to hold off on taking taxable distributions from retirement plans for as long as possible. But sometimes it may make more sense to take taxable distributions from retirement plans in the early years of retirement while deferring the start of Social Security retirement benefits.
Dec 21, 2015
Sep 26, 2015
Podcast: Top 10 Social Security Myths
Ask the Experts is a financial forum for education and advice as CNB’s experts answer your questions on financial topics that interest you. Ask the Experts is a financial forum for education and advice as CNB’s experts answer your questions on financial topics that interest you. The experts of this show featured Donna Cator, CFP®, Vice President and Investment and Financial Planning Officer, and Maggie Whelehan, Personal Banking Manager.
Sep 26, 2015
Jul 08, 2015
How Does Divorce Affect Social Security Retirement Benefits?

One of the challenges of planning for retirement is that an unexpected event, like divorce, can dramatically change your retirement income needs. If you were counting on your spouse's Social Security benefits to provide some of your retirement income, what

Jul 08, 2015
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
Jul 14, 2014
Social Security Benefits Increase in 2014

After announcing that benefits increased 1.5% for 2014, the Social Security Administration provided some other information that may be of interest.Benefits.  The average benefit payable to retired workers is an estimated $1,294 a month (as of January 2014). Retired couples

Jul 14, 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
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
Aug 06, 2012
A Financial Action Plan for the Future

In 1955, the life expectancy of the average American was 69.6 years. By 1995, it was 75.8 years. Twelve years later, life expectancy reached a new high of 77.9 years, according to the latest information from the Centers for Disease Control and Prevention. While certainly positive, these statistics may only add to the pressure many people already feel about their lack of retirement savings.

 

Aug 06, 2012
May 23, 2012
Financial Tips for the Newly Single

If your marriage has ended and you are single again, make sure all your financial arrangements reflect your new status. Here are a few tips to help get your new financial life off to a good start. Tip #1 Change

May 23, 2012
Mar 05, 2012
Ways to Limit Taxes on Social Security Benefits

You know that you are eligible to begin receiving Social Security benefits as early as age 62. But are you aware that depending on your income those benefits could be taxable? Wouldn’t you like to increase your net income (after

Mar 05, 2012
Aug 12, 2011
Social Security Retirement Benefits: Strategies for Married Couples

When to begin taking Social Security retirement benefits is one of the most important decisions facing retirees. The decision for married couples is complicated by options that are unavailable to singles not previously married. A married couple having average life

Aug 12, 2011
Dec 22, 2010
Setting an Example for Responsible Social Security Planning

I recently received a call from a local resident who is about to retire. He already had an appointment with Social Security but wanted to speak to me about the rest of his retirement assets. I explained that we should

Dec 22, 2010
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