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ASK RUSTY: Will I Have Any Social Security Benefits?
Dear Rusty: I’m 60 years of age and wonder if I will have any Social Security retirement benefits. After all, I did purchase them. Signed: Uncertain Dear Uncertain: Your eligibility for Social Security (SS) benefits depends upon your lifetime earnings history from work, from which Social Security FICA taxes were withheld. If you have worked, […]
State begins work on starting retirement program for private-sector employees
New York State has started work on establishing a retirement-savings plan for employees in New York’s private sector “who are not offered a retirement plan through their workplace,” per the program’s website. Gov. Kathy Hochul on Jan. 26 announced the convening of the New York Secure Choice Savings Program board, representing the first phase in
Strategic’s lead advisor earns CFP designation
UTICA, N.Y. — Melissa Fernalld, a lead financial advisor at Strategic Financial Services, Inc., a Utica–based wealth-management firm, has achieved her CFP designation from the Certified Financial Planner Board of Standards, Inc. This designation is awarded to individuals who successfully complete the CFP Board’s initial exams, then continue ongoing annual education programs to sustain their
Community Bank’s wealth-management revenue rises in Q4
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) reported wealth-management revenue of $8.5 million in the fourth quarter of 2021, up 13.4 percent from $7.5 million in the year-ago quarter, and up 2.4 percent from $8.3 million in the third quarter of 2021. The rise in wealth-management revenue was primarily driven by increases in investment
Petranchuk joins Key Private Bank as portfolio strategist
SYRACUSE, N.Y. — Eric Petranchuk has recently joined Key Private Bank as a portfolio strategist in its Syracuse office, the bank announced. In this role, Petranchuk evaluates client goals and objectives and constructs investment portfolios to execute team and client strategy, Key Private Bank noted. He has more than 20 years of experience in financial
Investors overexposed to risk as market experiences correction
Investors have taken on too much portfolio risk in a rate environment that has distorted stock values and decreased bond yields at a time when market volatility is expected to continue, according to a recent study by Natixis Investment Managers. Market forces that drove stocks to record highs in 2021 are now calling for changes with
Ralph Wilson, Jr. Foundation invests additional $3 million in Launch NY Seed Fund, other programs
BUFFALO, N.Y. — The Ralph C. Wilson, Jr. Foundation has made an additional $3 million investment over the next two years to support Launch NY’s
Excellus awards regional hospitals payments for quality improvements
Six hospitals in Central New York, eight hospitals in the Utica/Rome/North Country region, and four hospitals in the Southern Tier secured quality-improvement funding from Excellus
Hoeller joins NBT Bancorp and NBT Bank boards of directors
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) said that Heidi M. Hoeller has recently joined the boards of directors of NBT Bancorp and its community bank subsidiary, NBT Bank, N.A. Hoeller is a retired partner of PricewaterhouseCoopers LLP (PwC), with more than 25 years of experience as a leader in audit and financial services.
Cortland County small businesses can apply for grants through BDC programs
CORTLAND, N.Y. — Pandemic-impacted small businesses in Cortland County have until the end of February to apply for grant funding from the Cortland County Business Development Corporation (BDC). The BDC was awarded $300,000 through the county’s American Rescue Plan allocation process. Businesses may be eligible for assistance through three different programs, the BDC said. The
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