Early Withdrawal Penalty Exceptions Series – Part 2
We educate consumers on the lesser known age based exceptions to the 10% penalty on early distributions from retirement accounts. Includes Age 59 ½, Public Sector Employees, Retirement and 1099 Reporting.
Apr 12, 2016
Early Withdrawal 10% Penalty Exception – Age With the second installment in our series outlining exceptions to the 10% withdrawal penalty, we will discuss how to avoid the early withdrawal penalty...
Read more
Five Ways to Withdraw Your Retirement Savings Early – Part 1
We educate consumers on the lesser known exceptions to the 10% penalty on early distributions from retirement accounts. Includes IRAs, disability, 1099-R, and form 5329.
Mar 15, 2016
Use disability-based exemptions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. There are numerous exceptions to the 10% penalty on early distributions from retirement accounts. In...
Read more
Early Withdrawal Penalty Exceptions – Part 1
We educate consumers on the lesser known exceptions to the 10% penalty on early distributions from retirement accounts. Includes IRAs, disability, 1099-R, and form 5329.
Mar 15, 2016
Early Withdrawal 10% Penalty Exception – Disability There are numerous exceptions to the 10% penalty on early distributions from retirement accounts. In this series, we will help educate consumers on many...
Read more
CBSI on Forbes Best Banks in America List
Community Bank Systems, Inc. remains at the top of Forbes “Best Banks in America” list.
Feb 23, 2016
The name Forbes is synonymous with lists. From the wealthiest people in the world, to the most innovative companies, to the best business schools, Forbes is known for their high-profile rankings...
Read more
How Do You Spell Relief? Closed Defined Benefit Plans Say “I.R.S.”- Others Are Not in That Classification
New Rule Changes for Nondiscrimination Testing may affect profit sharing, cash balance and corporate QSERP arrangements.
Feb 09, 2016
New Rule Changes for Nondiscrimination Testing The IRS recently issued some proposed rule changes with respect to coverage and nondiscrimination testing for qualified plans. This included permanent relief with respect to...
Read more
It’s About Time: Public Pension Reform Needs Space to Work
Learn more about the growing public pension funding crisis facing most of our cities and states which leaves the important decision-making constituencies.
Jan 12, 2016
The growing public pension funding crisis facing most of our cities and states leaves the important decision-making constituencies – elected officials, fund managers, and union representatives – in the precarious position...
Read more
ACA Changes to Note for 2016
Here are some things you should know about the upcoming Affordable Care Act changes in 2016.
Dec 29, 2015
Delay on Excise Tax “Cadillac Tax” On December 18, 2015, President Obama signed the Omnibus spending bill, which provides a provision to delay the Affordable Care Act (ACA) Excise Tax, “Cadillac...
Read more
BPAS Parent Company, Community Bank System, Inc. Completes Merger with Oneida Financial Corp.
Community Bank System, Inc. parent company of BPAS is expanding its financial footprint in central New York State.
Dec 28, 2015
SYRACUSE, N.Y. — December 7, 2015: Community Bank System, Inc. (“Community Bank System”) (NYSE: CBU), the parent company of Community Bank, N.A., announced today that it completed its merger with Oneida...
Read more
New Book on Financial Wellness Provides Practical Solutions from Industry Thought Leaders
Learn more about Mark Singer's newest book, “The New Financial Wellness, Changing the Conversation” and the latest insights from industry thought leaders.
Dec 07, 2015
Mark Singer, CFP®, AIF®, recently released his newest book, “The New Financial Wellness, Changing the Conversation.” Mark’s unique perspective on how to effectively address adverse financial issues and mediocre retirement participation...
Read more
Healthcare Alert! Reminder of Transitional Reinsurance Program Submission
Read the latest update on the Transitional Reinsurance Program timing and payment schedule.
Oct 26, 2015
The Transitional Reinsurance Program is in the second year of the 3 year program which is funded by a per covered member fee paid by most* group health plans to the...
Read more