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Have you ever wondered: “Am I really saving enough for retirement?”

Do you wonder how your retirement savings compare with others your age?

The average person in their twenties has around $16,000 in retirement savings.
The average person in their thirties has saved about $45,000.
Americans in their forties have median retirement savings of around $63,000.
Americans in their fifties have median retirement savings of about $117,000.
Americans in their sixties have median retirement savings of approximately $172,000.

Senior couple relaxing outsideYou may have saved much more – but have you really saved enough?

You may need to save more for retirement than you realize. It is very common for people to underestimate their retirement savings and retirement income needs. Whether you are 5 years or 35 years away from retiring, you need to be confident that you are doing the right things for your financial future – saving enough, investing what you save in a way that is appropriate for you, and managing risks to your savings.

Now is a great time to check and see if you are on track toward your retirement savings goal. Ask about setting an appointment with one of our Citizens Wealth Management financial advisors at any of our CNB offices so that we may quickly review how you are doing so far. If anything about your retirement saving or investing strategy needs adjusting, it is better to plan those adjustments now than to regret not making them later. Call 419-358-8060 ext. 153 or email to make an appointment.

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Citizens National Bank of Bluffton deposits and are not FDIC insured. These products are not obligations of Citizens National Bank of Bluffton and are not endorsed, recommended or guaranteed by Citizens National Bank of Bluffton or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.

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Apps to Help You Achieve Your Savings Goals

woman phone apps

Jean Chatzky, Today show financial editor, highlights some apps you can use to help you achieve your savings goals.

SavedPlus: An automatic savings app. You determine what percentage of each transaction you would like to save and the app adds it up and automatically transfers that amount weekly to your savings account.

Raise: A gift card app. You can buy or sell gift cards, putting the gift card in your virtual wallet for instant savings. It is a great place to get rid of gift cards that you do not think you will use as well.

Level Money: A budget tracking app. You input your spendable money and it tracks what you spend daily, monthly and annually.

BillGuard: A credit card app. It tracks your expenses and alerts you to potentially fraudulent transactions which you can either approve or dispute directly within the app.

– See more from CNB at:

ICBA and CNB Encourage Americans to Save During America Saves Week

The Independent Community Bankers of America® (ICBA) and Citizens National Bank are proud to add the community banker voice to the list of organizations nationwide that are encouraging Americans to save as part of America Saves Week, Feb. 23-28. This nationwide campaign, which began in 2007, features a broad coalition of nonprofit, corporate and government organizations that are committed to raising awareness for the importance of creating savings funds, building emergency funds and assessing savings plans.

“It’s never too late to develop good saving habits to achieve financial stability,” ICBA Chairman John Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y., said. “By participating in America Saves Week, the nation’s more than 6,500 community banks continue to raise awareness of the importance of savings and offer consumers tips on how to reach savings goals. We encourage customers to speak with their community bank about how they can begin a savings strategy or build on what they are already doing to save for the future.”

America Saves Week is an annual opportunity to help promote positive savings behavior and for consumers to assemble their own savings plans. Learn more about why saving is so important and how to get started on building a nest egg at

Community banks like CNB are available to help local residents plan their financial futures. Beginning to save can be intimidating, but with the help of your local community bank, creating and maintaining savings funds should be one less thing you need to worry about.

ICBA and CNB offer the following tips to help consumers get started on their personal savings:

  1. Set a goal: People are more successful when they have certain goals in mind, so create and share a savings goal with your family and friends. Start small—even saving your loose change can get you somewhere. Aim to start a path toward building an emergency fund of savings with six to nine months of living expenses.
  2. Make a plan: By creating a spending plan, list your expenses and compare them to your income. The plan will help prioritize what are necessities and wants for the month. Attempt to use your credit cards more efficiently, too. Doing that can help ensure that you will not take on too much debt and can minimize interest charges.
  3. Save automatically: Many employers offer regular payroll deduction, which is one of the best ways to start and keep saving money. Make it a routine to automatically put aside a certain amount of money each paycheck, or have CNB make an automatic transfer from your checking to savings account each month.

Whether you have a traditional savings account or long-term investments, Citizens National Bank offers options for meeting your savings goals. Learn more:

About ICBA – The Independent Community Bankers of America®, the nation’s voice for more than 6,500 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit

Dreaming of a Warm Vacation?

Start planning now!

Portions from

After the snow and record low temperatures we experienced this winter, you may be dreaming of a beach vacation. Beginning your vacation planning early will not only give you something to look forward to, but also makes good financial sense. According to Clearpoint Credit Counseling Solutions, 57% of Americans feel they are not able to spend as much on their vacations this summer as compared to last. By creating a budget for your vacation now and saving a little each month, you’ll avoid the temptation to put the whole thing on your credit card and feel trapped by the debt long after the fun of the vacation is over. Consider opening a savings account
specifically for your vacation fund and asking friends and family to contribute in lieu of birthday or anniversary gifts. You can monitor your progress through sites such as

Booking in advance gives you the option of deciding where you really want to stay vs. settling for whatever’s available. Last minute deals aren’t always cheaper and you often don’t have the option of taking advantage of all the amenities a resort has to offer if you don’t book activities ahead of time. You don’t want your children to be disappointed that they weren’t able to participate in horseback riding or swim parties because  you didn’t have the reservations made in time. Also, many times these activities are included in pre-packaged deals that aren’t necessarily available if not booked ahead of time. Working with a travel agent may snag you some of the better package deals (and save you the frustration of planning the vacation yourself ).

In order to save some extra money, consider renting a condo or house vs. staying in a hotel. According to Budget Travel you can rent an apartment in Europe for $100 a night, while a hotel could cost you $300 per night. For U.S. rentals, try You can find housing for less than a hotel would cost, and find great deals in some of the hottest areas. The added bonus: The homes you’ll stay in have kitchens. You’ll save lots of money each day by preparing some of your own meals and having easy access to snacks and beverages without having to purchase from convenience stores which can be more expensive.

If you’re considering going abroad, check out the currency exchange rate and choose destinations where the US dollar is strong. You’ll have more purchasing power and may be able to afford a nicer hotel than you think – check out if you’re looking to find a great deal in Europe. Be sure to order foreign currency ahead of time or consider a Cash Passport, which is a pre-paid debit card you can use easily like a credit card without concerns about access to your bank accounts should you lose it. Both foreign currency and cash passports may be ordered through our website.

Happy vacation planning as we all look forward to warmer weather!

CNB keeps on growing!

Defiance construction

Defiance Office to open Summer 2014. Loan production office now open in Toledo!

As a strong community bank, we continually look for opportunities to reach more customers and offer our services to more businesses.

In 2013 we realized the need for a full-service branch in Defiance, having served that market since 2011. We broke ground on this new facility in September and construction is expected to be completed by July. The new office will be located at 601 E. Second Street and will be a full-service banking center including commercial and mortgage lending, business and personal deposit accounts as well as access to the bank’s investment center. “As our involvement with the Defiance community and our relationships with our clients have grown we realized the need to offer a full-service office to service our customers better. The state-of-the-art facility and comfort we will be able to now provide our Defiance area clients will be second to none in this area,” states Defiance City President, Brad Spitnale.

In January, another avenue for expansion was created when CNB opened a loan production office headed up by Nelson Shaffer, SVP/Market President in Toledo. The new office is located at 3454 Oak Alley Court, Suite 501. A Toledo native, Shaffer states “I’m proud to be part of the Toledo community and introduce Citizens National Bank to our market. The financial strength of CNB and the growth they’ve realized over the past 3 years is exceptional and I look forward to helping them gain more growth through businesses I’m able to partner with.” Services offered through this office include commercial lending and access to deposits through the bank’s Online for Business and Merchant Capture services.

Citizens National Bank is excited to begin new customer relationships in these markets and offer more locations for our current customers to access our services through. Click here for a complete list of our locations or call toll free 800-448-0025 to speak with a customer care representative.