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Your Bank > Education and Advice > CNB University

Financial Planning

Title
Date
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 19, 2016
What Are My Options if I Inherit an IRA or Benefit from an Employer-Sponsored Plan?
If you don't want the money, you can always disclaim (refuse to accept) the inherited IRA or plan funds. But if you're like most people, you will want the money. Your first thought may be to take a lump-sum distribution, but that's usually not the best idea. Although a lump sum provides you with cash to meet expenses or invest elsewhere, it can also result in a huge income tax bill (in most cases, due all in one year). A lump-sum distribution also removes the funds from a tax-deferred environment. Fortunately, you probably have other alternatives.
Aug 19, 2016
Aug 19, 2016
Podcast: How to Prepare for a Secure and Rewarding Retirement
Statistics tell us that 10,000 Americans will retire every day for the next 20 years. That is a lot of people who should be thinking about planning for this stage of life. In this Ask The Experts podcast, Tom Benner and John Richardson from CNB's Wealth Strategies Group teach us how to prepare for a secure and rewarding retirement.
Aug 19, 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
May 31, 2016
Podcast: Enhance Your Financial Fitness in 2016

The experts of this show featured Donna Cator, CFP®, and Maria Caton, CFP®, Vice Presidents and Investment and Financial Planning Officers with our Wealth Strategies Group.

May 31, 2016
May 17, 2016
Should I Loan My Child Money for a Down Payment on a House?
For a lot of young people today, it's difficult to purchase a home without at least some financial assistance. As a result, many young adults turn to their parents or other family members for help with a down payment.
May 17, 2016
Apr 13, 2016
Helping Aging Parents the Right Way

As your parents age, they may turn to you for assistance. Whether they begin the conversation or you do, how can you help guide them in the right direction while respecting their autonomy?

Apr 13, 2016
Apr 05, 2016
NextGen Financial Roadmap
There is a shift in the American Dream among the younger generations (Gen X & Millennials). The previous notions of finding a company job out of college or high school, working there 40 years, buying a home with a 2 car garage and white picket fence, then retiring at 60 with a nice pension and a gold watch are not common realities today. Even with a change in lifestyle goals, there are some sound financial points to consider to ensure a strong financial footing.
Apr 05, 2016
Mar 07, 2016
Are You Missing out on Some Valuable Veterans Benefits?

While you may be aware of some of the basic veterans benefits such as health care and education, there are several benefits that may be available to veterans and their family members that you may not know about. Here are just a few of those underutilized benefits.

Mar 07, 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
Jan 22, 2016
Denmark? Why Investing Abroad Contributes to Long-Term Success
Rich Scandinavian culture, clean energy, and the home of LEGOS. To most investor’s surprise, Denmark was the best performing developed market in 2015, up 23% as measured by the MSCI Denmark Index (USD). Hungary on the other hand was the best emerging market in 2015 up 36% as measured by the MSCI Hungary Index (USD).
Jan 22, 2016
Jan 11, 2016
Three Tax Planning Concepts
There are many ways to potentially reduce your tax burden. Here are three tax planning concepts that you should be familiar with.
Jan 11, 2016
Dec 31, 2015
The Medicare Premium Spike – Averted!

You may have heard that Medicare will be costing you a lot more in 2016, with premiums increasing perhaps over 50%. Rest assured that is not the case. In fact, it’s quite likely you will pay the same as you did in 2015.

Dec 31, 2015
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 15, 2015
Financial Mistakes People Make at Different Ages

There's a saying that with age comes wisdom, but this may not always be true in the financial world. As people move through different life stages, there are new opportunities and potential pitfalls around every corner. In your 20s Living

Sep 15, 2015
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