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Your Bank > Education and Advice > CNB University

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Title
Date
Oct 18, 2017
ACH Origination Services — Countless Benefits for your Business
The goal of any successful business involves growth – that may mean increasing staff, your customer base or additional vendors to manage. Along with this success comes the need for efficiencies in handling company finances. Whether it’s a burgeoning or large-scale business, you can benefit from ACH Origination services.
Oct 18, 2017
Oct 18, 2017
Get to Know Your Relationship Manager
In a general sense, lending commonly boils down to credit risk. Banks typically charge higher interest rates if they perceive a borrower has greater risk of default. When risk is anticipated to be too high, banks might not originate or renew a loan at all. By establishing regular communications with your lender or Relationship Manager, you have the opportunity to truly educate them about your business. This is just one way to avoid misunderstandings about perceived risks within your business.
Oct 18, 2017
Jul 11, 2017
Navigating the Financial Impact of Divorce
Anyone who has been through a divorce knows the emotional and financial challenges it may bring. Even the most amicable divorce brings major life changes. Having the guidance of a qualified team of professionals will put the odds in your favor to emerge from your divorce in a financially stable place where both parties believe the divorce settlement was fair.
Jul 11, 2017
Jul 11, 2017
Creating Income in Retirement
For many, retirement has become something different from what it once was. Now, many retirees are just as active in retirement as they were when they were working full time. They are filling their days with meaningful non-profit work and embarking on second and third careers that they likely could not afford to try in their earlier lives.
Jul 11, 2017
Jun 07, 2017
What It Means to Be a Financial Caregiver for Your Parents
If you are the adult child of aging parents, you may find yourself in the position of someday having to assist them with handling their finances. Whether that time is in the near future or sometime further down the road, there are some steps you can take now to make the process a bit easier.
Jun 07, 2017
Apr 26, 2017
Put a Business Line of Credit to Work for you
A business line of credit is an agreement between a commercial bank and a business specifying the amount of short-term borrowing the bank will make available to the firm over a given period of time. The agreement is usually made for a period of one year and often places certain constraints on the borrower.
Apr 26, 2017
Apr 06, 2017
“Aging seems to be the only available way to live a long life.”
Here in Rochester, Lifespan and St. John Fisher College offer a non-credit certificate program in gerontology with the goal of producing professionals who truly understand and respect older adults. As a student in the program, it is my mission to dispel the myths of getting old.
Apr 06, 2017
Apr 06, 2017
Making an Impact with Your Investments
Since the early 1990s, there has been an evolution taking place within the vast and complex world of investments. Once regarded as a strategy with a lot of heart and little gain, Socially Responsible Investing (SRI) has become more sophisticated and accessible.
Apr 06, 2017
Mar 28, 2017
Charitable Contributions from IRAs
The Pension Protection Act of 2006 first allowed taxpayers age 70½ and older to make tax-free charitable donations directly from their IRAs. By making a qualified charitable distribution (QCD) from an IRA directly to a qualified charitable organization, older IRA owners were allowed to exclude up to $100,000 annually from gross income. These gifts, also known as "charitable IRA rollovers," would otherwise be taxable IRA distributions.
Mar 28, 2017
Mar 06, 2017
Bring the Pieces of Your Financial Plan Together
For most of us, wealth is not an end itself, but a means to living a rewarding life – achieving personal goals, caring for family members and contributing to the larger society around us. All of this requires a vision of what we want to accomplish and how we intend to do it.
Mar 06, 2017
Jan 11, 2017
Earn Too Much for a Roth IRA? Try the Back Door!

Background Roth IRAs, created in 1997 as part of the Taxpayer Relief Act, represented an entirely new savings opportunity the ability to make after tax contributions that could, if certain conditions were met, grow entirely free of federal income taxes.

Jan 11, 2017
Jan 10, 2017
Tax Law Changes Impact 2016 Tax-Year Returns

Most of us are gathering 2016 data and getting ready to prepare (or have someone else prepare) our 2016 income taxes. It is important to be mindful of federal legislation that impacts tax returns we’ll be filing soon.

Jan 10, 2017
Jan 10, 2017
Rebalancing: A Market Timing Strategy That Works
Rewarding experiences often occur just once a year – no more, no less. These include, to name a few: 1. Birthdays 2. July 4th fireworks 3. Rebalancing. Let’s skip to number 3 because most people are likely unaware of the benefits from this simple yet lucrative aspect of successful investing.
Jan 10, 2017
Dec 28, 2016
Two Ways to Roll over Retirement Funds
In general, a rollover is the movement of funds from one retirement savings vehicle to another. You may want, or need, to make a rollover for any number of reasons--your employment situation has changed, you want to switch investments, or you've received death benefits from your spouse's retirement plan. There are two possible ways that retirement funds can be rolled over--the 60-day rollover and the trustee-to-trustee transfer.
Dec 28, 2016
Dec 15, 2016
Playing Catch-Up with Your 401(k) or IRA
If you're 50 or older, you could benefit by making catch-up contributions to tax-advantaged retirement accounts. You might be surprised by how much your nest egg could grow late in your working career.
Dec 15, 2016
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