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Your Bank > Education and Advice > CNB University

Retirement Planning

Title
Date
Mar 10, 2014
The Pension Decision – Lump Sum or Lifetime Income?

Employer sponsored defined benefit pension plans are quickly becoming a thing of the past, at least in the private sector. Most public employees are still covered by such plans, although a lump sum option generally is not available. For private

Mar 10, 2014
Mar 10, 2014
Roth IRAs – A Good Deal!

It’s no secret that I like Roth IRAs …a lot. The Roth IRA was established by the Taxpayer Relief Act of 1997 and named for its chief legislative sponsor, Senator William Roth of Delaware. It is one of the most

Mar 10, 2014
Feb 26, 2014
Business Owners: Don't Neglect Your Own Retirement Plan

If you're like many small business owners, you pour your heart, soul, and nearly all your money into your business. When it comes to retirement planning, your strategy might be crossing your fingers and hoping your business will provide the

Feb 26, 2014
Jan 03, 2014
Should You Roll Your 401(k) to an IRA?

If you’re entitled to a distribution from your 401(k) plan (for example, because you’ve left your job, or you’ve reached age 59½), and it’s rollover eligible, you may be faced with a choice. Should you take the distribution and roll

Jan 03, 2014
Nov 08, 2013
Measuring Your Retirement Plan’s Success

Typically, high performing, successful retirement plans have high participation and contribution rates and a large number of participants who are on the path to a financially secure retirement. Employees who are satisfied with their retirement plan may be more productive

Nov 08, 2013
Sep 26, 2013
Exit Strategies for a Family Business Owner
The manager of a family business who is considering retirement often has four goals: paying as little in taxes as possible, keeping the business in the family, treating heirs fairly, and ensuring competent successor management. But achieving these goals is often a challenge. A business exit must be custom fitted to your financial situation and your desires for management succession. The following are some possible strategies that you may want to consider — with the help of your professional advisors.
Sep 26, 2013
Sep 24, 2013
Working into the “Retirement” Years – Some Financial Considerations

More and more folks these days are working beyond, sometimes well beyond, what used to be considered the standard retirement age of 65. Recent changes in full retirement age for Social Security are consistent with this trend – age 66

Sep 24, 2013
Sep 22, 2013
Podcast: Take Charge of Your Retirement

Ask the Experts is CNB's financial forum for education and advice as local experts answer your questions on financial topics that interest you. The experts of the last call included Denise Kelly-Dohse, Assistant Vice President, Financial Planning Officer and Mark Mazzochetti, CISP, Vice President, Retirement Services Officer, as they discussed ways to take charge of your retirement.

Sep 22, 2013
Aug 30, 2013
Don’t Shortchange your Retirement Standard of Living

The rules really do change when transitioning into retirement. An abrupt switch from accumulating assets to consuming assets, particularly when drawing part of your monthly “retirement paycheck” from your investment and retirement accounts, can be a frightening experience. No longer

Aug 30, 2013
May 19, 2013
Podcast: Social Security, An Undervalued Retirement Resource

We hope you enjoyed listening to "Ask the Experts" on 1180 WHAM, Sunday, May 19th at 7pm. Ask the Experts is CNB's financial forum for education and advice as local experts answer your questions on financial topics that interest you.

May 19, 2013
Mar 29, 2013
Making Work During Retirement A Choice, Not A Necessity

Many of us will continue to work well into our 70’s and that’s not such a bad thing. After all, it’s a blessing to still be alive, healthy and useful. Over the past half century, medical technology breakthroughs and healthier

Mar 29, 2013
Feb 19, 2013
What to Look for in Your 401(k) Service Provider

401(k) salary deferral plans are the most popular retirement plans today. Nearly every financial service company banks, insurance companies, stockbrokers offer 401(k) plan services. Some of these companies are even advertising 401(k) plans on television. You know that a 401(k)

Feb 19, 2013
Feb 19, 2013
Reviewing Your 401(k) Plan Design

A 401(k) plan’s design can have a significant influence on both participation and contributions. One way you can evaluate the effectiveness of your plan’s features is to use a benchmark, such as the Profit Sharing 401(k) Council of America’s (PSCA)

Feb 19, 2013
Feb 06, 2013
A Checklist for Your Retirement Plan in 2013

The start of every new year brings the promise of new beginnings. It’s a time to think about setting new goals and resolving to do new things. If one of your resolutions for 2013 is to find new and better

Feb 06, 2013
Dec 19, 2012
A Checklist for Plan Sponsors

Once a retirement savings plan has been approved and is in place, it’s tempting to sit back and adopt an “I’m done, hands off” attitude. However, to ensure that a plan will continue to operate effectively, employers should periodically review

Dec 19, 2012
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