Retirement | Hummel Group

Retirement

It's Time for Baby Boomer RMDs!

In 2016, the first wave of baby boomers turned 701/2, and many more reach that milestone in 2017 and 2018.  What's so special about 701/2?  That's the age when you must begin taking required minimum distributions (RMDs) from tax-deferred retirement accounts, including traditional IRAs, SIMPLE IRAs, SEP IRAs, SARSEPs, and 401(k), 403(b), and 457(b) plans.  Original owners of Roth IRAs are not required to take RMDs.

Quiz: How Much Do You Know About Social Security Retirement Benefits?

Social Security is an important source of retirement income for millions of Americans, but how much do you know about this program?  Test your knowledge, and learn more about your retirement benefits, by answering the following questions.

Questions

1. Do you have to be retired to collect Social Security retirement benefits?

a. Yes

b. No