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Your Bank > Education and Advice > CNB University

Podcast: Take Control of Your Finances - Make Your Money Work for You

James P. Terwilliger
James P. Terwilliger, PhD, CFP® is Senior Vice President - Group Manager, Financial Planning Strategies and can be reached at JTerwilliger@CNBank.com or (585) 419-0670 x50630.

 

We hope you enjoyed listening to the radio news talk show, "Eyes on the Future" on 1180 WHAM, Saturday, August 18th at 10am.

Jim Terwilliger, PhD, CFP®, SVP and Manager Financial Planning Services of Canandaigua National Bank & Trust and Mike Reed, CFA, SVP, Manager of Investment Services, at Canandaigua National Bank, discussed ways you can take control of your finances and make your money work for you.

 

 
 
 Financial Fitness - Eyes on the Future Podcast - 8/18/12 

 

 

 

 Full Podcast 

 

 Podcast Clips 

 

  1.  What goes into developing a strategic retirement plan? 

  2.  How do you calculate what you need to save now in order to have a comfortable life style later? What are those rules of thumb? 

  3.  How do you organize your saving amongst the options (IRAs, 401(k)s etc.)? 

  4.  What should you do when you get a raise? 

  5.  How do you stick with your savings plan? 

  6.  Should market swings dictate the amount you're giving to your 401(k) or other investments? 

  7.  How often are you meeting with your clients to evaluate their financial fitness? 

  8.  Once you're in retirement how do you make sure that your money doesn't run out? 

  9.  Caller Question: can you tell me the pros and cons of a Jackson fund? 

  10.  Caller Question: I’m thinking of retiring in a few years with about $500,000 in investiable assets…How do I know what is enough for retirement? 

  11.  What might be changing January 1, 2013 with regard to taxes? 

  12.  What else is changing in the New Year? 

  13.  How do you make sure your assets aren’t exposed too much to market risk and that they’re available for distribution? 

  14.  How do you take control of your money and how important is it to establish a relationship with a trusted advisor? 

  15.  How do you maintain a positive cash flow? 

  16.  At CNB what is your main focus? 

  17.  One thing to take away from the show about financial fitness… 

 This material is provided for general information purposes only and is not a recommendation or solicitation to buy or sell any particular security, product or service. Past performance is not indicative of future investment results. Any investment involves potential risk, including potential loss of capital. Before making any investment decision, please consult your legal, tax and financial advisors. Non-deposit investment products are not bank deposits and are not insured or guaranteed by Canandaigua National Bank & Trust, or any federal or state government or agency and are subject to investment risks, including possible loss of principal amount invested. 

 Tax information presented is not to be considered as tax advice and cannot be used for the purpose of avoiding tax penalties. Neither Canandaigua National Bank & Trust nor its affiliated Companies provide tax, legal, or accounting advice. Please consult your personal tax advisor, attorney, or accountant for advice on these matters.