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Retirement Planning

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May 08, 2020
Leveraging a Roth IRA in the Midst of a Market Drawdown
As of April 26, 2020, the Dow Jones Industrial Average was down approximately 20% from its February 12th all-time high - a significant recovery, after being down more than 38% from its all-time high on March 23rd. In the midst of this market decline - the fastest in history - now may be the perfect time to fund a Roth IRA and/or take advantage of a Roth IRA conversion. Establishing or adding to this type of account could help maximize wealth and add flexibility to one’s retirement, tax, and long-term estate plan.
May 08, 2020
Apr 01, 2020
The CARES Act: What You Need to Know Right Now
On March 27th, the CARES (Coronavirus Aid, Relief, and Economic Security) Act of 2020 was passed by the House and signed into law by the President. This act, by far, is the largest emergency relief and stimulus package in US history, driven in response to the economic crisis caused by the COVID-19 pandemic.
Apr 01, 2020
Mar 20, 2020
CNB Wealth Management Business Continuity
We would like to provide you with an update on our commitment to maintaining all CNB Wealth Management functions during this period of uncertainty. CNB Wealth Management is committed to providing you with the exceptional service you have come to expect from us, throughout this challenging time.
Mar 20, 2020
Mar 20, 2020
The SECURE Act: What You Need to Know
Last December, the SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019 became a reality. This far-reaching legislation will have a significant impact on everyone who has a 401(k)-or-similar employer retirement plan or IRA.
Mar 20, 2020
Feb 11, 2020
Podcast: Unpacking The SECURE Act - What it is & What it Means for Your Retirement Future
Ask the Experts is a financial forum for education and advice as CNB’s experts answer your questions on financial topics that interest you.
Feb 11, 2020
Dec 20, 2019
Closing A Retirement Income Gap
Determining how much income you'll need in retirement requires projecting the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won't be enough to meet your goals. If you’re in that situation, you'll need to adopt a plan to bridge this projected income gap.
Dec 20, 2019
Nov 21, 2019
How to Use Qualified Charitable Distributions to Achieve a Win-Win
On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015. One provision benefitting seniors that was made “permanent” is the Qualified Charitable Distribution (QCD). I say permanent with tongue-in-cheek, of course, since very little Congress does can ever be considered permanent, particularly when it comes to tax legislation.
Nov 21, 2019
Oct 17, 2019
Celebrating 100 Years of Trust Powers
What does this mean to our clients and community? As a Fiduciary, we are required to act on behalf of any person with the “highest standard of care,” trust, honesty, and loyalty. We have a legal obligation to act with our clients’ best interest in mind, and this comes naturally to us each and every day. This standard of excellence permeates our culture at CNC, where each employee is doing what is in the best interest of you, our clients.
Oct 17, 2019
Jun 26, 2019
Retirement Plan Considerations for the Millennial
Every generation has to plan for retirement, each having different obstacles to overcome. For Millennials, those born between 1980 and 1999, there are multiple challenges. Remaining focused on a retirement that could be more than 40 years away is tough, particularly while your hard earned paycheck is competing with rent, student loans, a car payment, and a social life. The message here is: keep your eye on the prize and follow these tips.
Jun 26, 2019
Apr 02, 2019
Healthcare Benefits Available in Retirement
The Government provides healthcare benefits in retirement using three federal programs administered by the state and local counties: (1) Medicare, (2) Medicaid, and (3) VA Benefits. Medicare eligibility is generally automatic at age 65. Medicaid is based on financial need, it is not automatic at any age. In addition to these two programs, you may also be entitled to military healthcare benefits if you or your spouse is a veteran or retired service member. The majority of seniors utilize services provided under Medicare.
Apr 02, 2019
Dec 18, 2018
Lots of Changes in the New Year
Many of the numbers coming out of Washington that impact our tax and retirement planning lives are different in 2019, just as they tend to be every year.
Dec 18, 2018
Nov 01, 2018
401(k) Retirement Plans for Small Business
Establishing a 401(k) retirement plan can benefit both employees and employers alike. Employees benefit from the ability to make pre-tax contributions, potential income tax savings, increased savings with employer-matched contributions, and more.
Nov 01, 2018
Jun 06, 2018
Four Tips for Downsizing in Retirement

It may sound like a daunting and emotionally draining task, but downsizing could be a savvy financial move, especially if you haven't reached your retirement savings goals. 1. Set goals for downsizing Before you make any decisions, think about why

Jun 06, 2018
Apr 06, 2018
Determining Your Retirement Income Needs

The Prelude Let’s assume you are happily married, your adult children are self sufficient, and you and your spouse are healthy. Congratulations, you are lucky Now you both are in your late 50s, and it’s hard to believe how quickly

Apr 06, 2018
Mar 21, 2018
Podcast: Preparing for a Secure & Rewarding Retirement

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 Tom Benner, CFP®, and Nancy Bowes, CFP®, Vice Presidents Wealth Advisors.

Mar 21, 2018
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