What you need to know about Social Security

What You Need to Know About Social Security

 By Pat Kerfoot, Special to bizNEVADA Since it was signed into law by President Roosevelt in 1935, Social Security has become an important feature of retirement planning. Social Security provides the majority of income to most elderly Americans. For almost half of seniors, it provides about 50% of their income. For 20% of seniors, Social…

Is a Business Retirement Plan in Your Future?

Is a Business Retirement Plan in Your Future?

 By Steve Self, special to bizNEVADA As a business owner, it’s exciting to reflect on the past year and prepare for all that’s ahead in 2019. Yet, with the calendar change comes the realization that the tax filing deadline may be just around the corner. “Have I done all that I could to minimize my…

What Are Required Minimum Distributions (RMDs)? 1

What Are Required Minimum Distributions (RMDs)?

 By Gayle McKearin, Special to bizNEVADA Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRAs and employer-sponsored retirement plans after you reach age 70½ (or, in some cases, after you retire). You can always withdraw more than the…