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Your Bank > Education and Advice > CNB University

Retirement Planning

Title
Date
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
Nov 19, 2015
Give Your Retirement Plan an Annual Checkup
Financial professionals typically recommend that you review your employer-sponsored retirement savings plan annually and when major life changes occur. If you haven't revisited your plan yet in 2015, the end of the year may be an ideal time to do so.
Nov 19, 2015
Nov 10, 2015
Inheriting Retirement Plan Assets
As I often like to say, “How can something that should be so simple be so complicated”. But, it’s true when it comes to inheriting retirement plans. The rules are many and confusing when managing the associated Required Minimum Distributions (RMDs). The penalty for violating such rules is severe – equal to 50% of the RMD amount.
Nov 10, 2015
Oct 15, 2015
The Importance of a Beneficiary Audit

As we approach the end of the year, many of our financial reviews with clients focus on portfolio performance and potential tax loss harvesting. Of equal importance to review is a beneficiary audit. A beneficiary audit is a “check up”

Oct 15, 2015
Sep 03, 2015
Working Past Age 70

Age 65 tended to be the standard retirement age back a generation or more ago. That was when working for a single company for 40 plus years and receiving a guaranteed lifetime pension during retirement were the norm. My, how

Sep 03, 2015
Aug 27, 2015
Points to Consider If Your Retirement Goal Seems Out of Reach

Each year in its annual Retirement Confidence Survey, the Employee Benefit Research Institute reiterates that goal setting is a key factor influencing overall retirement confidence. But for many, a retirement savings goal that could reach $1 million or more may

Aug 27, 2015
Aug 19, 2015
Converting Your After-Tax 401(k) Dollars to a Roth IRA

Here's the dilemma You have a traditional 401(k) that contains both after tax and pre tax dollars. You'd like to receive a distribution from the plan and convert only the after tax dollars to a Roth IRA. By rolling over

Aug 19, 2015
Aug 12, 2015
Withdrawing Money in Retirement

If you’ve done the tough work of accumulating savings, you may be wondering how much can be safely withdrawn each year without running out of money in your lifetime. This is important to know since some folks hate to take

Aug 12, 2015
Aug 04, 2015
Age-Based Tips for Making the Most of Your Retirement Savings Plan

No matter what your age, your work based retirement savings plan can be a key component of your overall financial strategy. Following are some age based points to consider when determining how to put your plan to work for you.

Aug 04, 2015
Jul 15, 2015
Planning for a Successful Retirement

Think back 40 or 50 years. Formulating personal and career goals often led to thoughts about training, education, career, family, community … How to best prepare oneself to achieve these goals? Yet, how many folks give as much thought to

Jul 15, 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
Jul 07, 2015
Retirement Readiness

Approximately 10,000 Americans will retire every day for the next twenty years. Might you be one of them? Making a successful transition into retirement involves not only financial considerations but also emotional readiness. The former is fairly straightforward the latter

Jul 07, 2015
Jun 09, 2015
Can I Roll a Retirement Plan Distribution into an IRA?

If you're asking this question, you probably have a 401(k) or other retirement plan through a former employer. The short answer is yes most retirement plans allow you to roll your plan funds over into an Individual Retirement Account (IRA)

Jun 09, 2015
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
Deciding What to Do with Your 401(k) Plan When You Change Jobs

When you change jobs, you need to decide what to do with the money in your 401(k) plan. Should you leave it where it is, or take it with you? Should you roll the money over into an IRA or

Dec 23, 2014
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