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Financial Planning

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Jul 07, 2022
Knowledge for College: Banking Tips for Young Minds
Going to college is a time of excitement, anticipation and new challenges combined with a dose of anxiety from the unknown. Navigating this new path of independent living can be overwhelming and scary at times. Many young people will have to make decisions for the first time about how to budget their money or consider various financial choices. Managing your money while in college shouldn’t add to the stress of college students, especially considering the effort and determination it takes to earn this money.
Jul 07, 2022
Mar 30, 2022
Sending Your Child to College
Sending a child to college is at the top of the wish list for many parents. A college education can open doors to many opportunities and help your child compete in today's competitive job market. But, the cost of college has risen exponentially over the years and getting started on saving can be a daunting task.
Mar 30, 2022
Feb 23, 2022
Podcast: Divorce After 50 and Finances

While divorce can happen at any age, over the last 20 years, the rate of divorce has doubled for couples over 50. In this episode, Donna Cator, CFP®, CDFA®, Vice President, Wealth Advisor and Margaret Whelehan, CDFA®, Vice President, Financial Advisor with CNB Wealth Management join CNB’s Pittsford Bank Office Manager, Harry Gibbs and Laurie Haelen, AIF®, Senior Vice President, Manager of Investment and Financial Planning Solutions, to discuss this trend. Tune in to learn more about the unique financial challenges divorce poses to people over the age of 50 and how a Certified Divorce Financial Analyst® can help.

Feb 23, 2022
Dec 17, 2021
Maintaining Your Financial Records: The Importance of Being Organized
An important part of managing your personal finances is keeping your financial records organized. Whether it's a utility bill to show proof of residency or a Social Security card for wage reporting purposes, there may be times when you need to locate a financial record or document--and you'll need to locate it relatively quickly.
Dec 17, 2021
Dec 17, 2021
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.
Dec 17, 2021
Dec 16, 2021
End of Year Financial Checklist for the Next Generation of Investors
Whether you are early in your career or have started a family, as a member of the next generation of investors you face your own set of unique needs. Below are key tips to ensure you are off to a financially healthy 2022!
Dec 16, 2021
Sep 30, 2021
Repaying Your Student Loans
The time has come to pay back your student loans, now what? Dealing with student loan debt can be stressful and even frustrating for borrowers, however, now is the time to take control and alleviate that stress. First, create an inventory of your loans including loan type (private vs federal), balance, interest rate, payment amount, and repayment term. This can be done using your credit report through annualcreditreport.com for private loans or studentaid.gov for federal loans.
Sep 30, 2021
Jul 23, 2021
Podcast: How to Protect Yourself Financially When Going Through a Divorce
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 L. Cator, CFP®, CDFA®, Vice President, Wealth Advisor, and Margaret M. Whelehan, CDFA®, Vice President, Financial Advisor.
Jul 23, 2021
Jun 25, 2021
Debt Management
According to the Federal Reserve’s Survey of Consumer Finances, the average American family carries $6,270 in credit card debt. This is in addition to loans held for vehicles, homes, education and other obligations which brings the average American personal debt to $92,727.* While these figures may make previous generations balk, the average cost of a car, house, and college education has skyrocketed when compared to the average household income. While gross household debt was only 15% of GDP in 1946, it is close to 80% now.** As a result, typical consumers need to borrow money if they want to buy a home, drive a car, or educate themselves or their children.
Jun 25, 2021
Jun 24, 2021
A Financial Wellness Plan Can Help Pave the Road to Retirement
If we've learned any lesson over the past year, it's that no matter how carefully we plan and prepare, we'll likely encounter unexpected hurdles. While a global pandemic has certainly underscored the need to pay close attention to our physical wellness, it has also revealed the need to shore up our financial wellness.
Jun 24, 2021
Apr 16, 2021
Financial Literacy Month: 30 Steps to Financial Wellness
Financial Literacy Month is a celebration and a challenge. It's a chance to reflect on the state of our personal finances and an opportunity to improve those finances, one step at a time. The 30 steps of Financial Literacy Month are designed to help you identify your money weaknesses and turn them into strengths.
Apr 16, 2021
Apr 14, 2021
Financial Literacy Month: 30 Steps to Financial Wellness
Financial Literacy Month is a celebration and a challenge. It's a chance to reflect on the state of our personal finances and an opportunity to improve those finances, one step at a time. The 30 steps of Financial Literacy Month are designed to help you identify your money weaknesses and turn them into strengths.
Apr 14, 2021
Mar 26, 2021
Podcast: Budgeting - Needs, Wants, and Wishes

Budgeting is the foundation of a great financial plan. But how can establishing a budget provide you with more financial freedom and less financial stress? In this episode, Laurie Haelen, AIF®, Senior Vice President, Manager of Investment and Financial Planning Solutions and Donna Cator, CFP®, CDFA®, Vice President, Wealth Advisor with CNB Wealth Management, join CNB’s Pittsford Bank Office Manager, Harry Gibbs, to break down the basics of budgeting. What is a budget? Why is having a budget important? How do you get started? We answer these questions and more so you can put this financial tool to work in your own life.

Mar 26, 2021
Mar 15, 2021
3 Key Considerations for Multi-Generational Planning
The desire for heads of family to preserve and continue wealth for future generations face challenging odds. According to studies by Victor Preisser and Roy Williams, in their book “Preparing Heirs,” almost 70% of family wealth transference and business succession plans fail. However, it does not have to be this way. With proper planning and focusing on three key things—communication, documentation, and initiation—families can strengthen mutigenerational relationships and increase chances of continued family legacy.
Mar 15, 2021
Feb 03, 2021
5 Important Financial Topics to Discuss With Your Significant Other
Money is one of the leading causes of stress in relationships. One way to avoid financial turmoil is to have an honest conversation about your financial situations (for better or worse). Remember, money has long been considered a taboo topic to discuss, so if your partner is not jumping at the opportunity to have this conversation, it may take some patience and understanding to make them feel comfortable about it. Be sure to create a safe environment for the conversation and keep an open mind. If you’re ready to have this important conversation with your significant other, here are some topics you should discuss.
Feb 03, 2021
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