Tag: retirement planning

What you need to know about Social Security

What You Need to Know About Social Security

0 comment

 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…

What Are Required Minimum Distributions (RMDs)? 1

What Are Required Minimum Distributions (RMDs)?

0 comment

 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…