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...
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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...
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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...
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