retirement

Of course Estate Planning is done to minimize taxes and be sure the financial matters are done as desired. However, the planning for other than taxes is very important. Designating the best Trustee or Executor and possible successors is not easy, but extremely important to being sure the administration goes smoothly.

IRS Revenue Procedure 2016-47 gives information and guidance about waivers of the 60 day rollover requirement of IRA distributions. You can print it out and use the model letter IRS provided. If you take a distribution from your IRA, 403(b), 457(b) or a qualified retirement plan, you can “pay it back” within 60 days and there is no tax on the distribution. And, the 10% early withdrawal penalty for folks under age 59 ½ does not apply.

The Board of County Commissioners approved a two-year collective bargaining agreement Thursday with the Lyon County Sheriff’s Employees Association beginning now through June 30, 2019.

Author Bonnie Boice Nishikawa will speak on her book "Nevada State Orphans/Children’s Home: My Life as a 'Home' Kid" at the Dangberg Home Ranch Historic Park this Sunday, August 6, at 10:00 a.m.

Saving for your retirement and possible bequest to family and friends is good to do! Many folks have an Individual Retirement Account (IRA) that is a major part of their retirement savings.

A free class designed to help veterans with their benefits will be held Wednesday, Aug. 9 at Carson Plaza Independent Retirement Living, 2120 East Long Street in Carson City.

As back-to-school supplies start rolling out in stores, Sierra Lutheran High School’s administrative team is already gearing up for the school’s 16th school year. The school enthusiastically welcomes Dr. Tami Seddon, a Carson Valley native, as their new principal following the retirement of Reverend Juls Clausen. Dr. Seddon, a UC Davis and Stanford alumna, has been with the school since its inception as both a teacher and academic dean.

Did you know that not too long ago people did not require medical insurance? Less than fifty years ago people paid cash or used credit for medical care which was true for most of the history of our nation. Indeed, medical care was once so accessible and affordable that most people did not need insurance to pay their medical bills. Then, medical Doctors and Insurance companies began to lobby government to 'regulate' (i.e. monopolize) health care to 'improve' it.

IRS Code Section 1411 charges 3.8 percent additional Medicare tax on unearned income of high earning taxpayers. That surtax is called “unearned income Medicare contribution tax” or the “Net Investment Income Tax.” It is in addition to the regular income tax.

The Carson City Sheriff’s Office bid farewell to a longtime sergeant on Friday, welcomed a long time member of the force who was promoted to sergeant and introduced a new member to the deputy team.

When someone changes jobs, or retires, they need to decide whether to keep the retirement savings account they have with the old employer, commonly known as 401(k). They do have the option or ability to “roll it over” or transfer to a new or an existing IRA account.

Looking for a Job?! GOLD DUST WEST- CARSON CITY is Now Hiring! Currently Hiring for the following positions:

AARP Nevada released a new report showing that Nevada could save taxpayers $24,048,204 over the next 15 years by helping people save more of ...

As one of the Northern Nevada veterans who traveled to Washington, D.C., earlier this month as part of Honor Flight Nevada, Carson City native Don Quilici has been left with memories and faces that he will cherish forever.

A professionally trained artist who has traveled much of the country, Ben Aleck is now looking closer to home for inspiration.

Someone asked the other day “what is the tax rate on capital gains?” Like most tax questions, the answer can be a little complicated. It depends on several things. If the capital gain is for a stock or most other capital assets owned less than 1 year, the answer depends on your other income.

Myron Freedman’s first trip to a museum was a family outing to the Nevada State Museum in Carson City in the 1960s.

This is the sixth column in a series presenting findings and conclusions of Nevada’s 2016 Popular Annual Financial Report (PAFR), posted at controller.nv.gov. Here, we address the economic outlook.

In Nevada’s 2015 PAFR, we proffered an economic outlook focused on the long term. We identified four long-term secular trends that have suppressed US economic growth over the last decade – thus explaining the “new normal.” By their nature, these trends will continue to retard growth for the foreseeable future absent significant changes in public policy.

Carson City has been selected as a top retirement destination by Where to Retire, the only magazine in America geared toward helping people with retirement relocation decisions. The city and nearby Carson Valley are profiled in the March/April 2017 issue, available nationwide on Feb. 14.

The way we plan for retirement in the United States has changed drastically in recent years. In the past, employees could rely on their pension, which was typically managed by a financial expert, to support them through retirement. Today, for most of us, pensions are things of the past, and we, as individuals, are responsible for making the financial choices that will shape when and how we may retire.

After 33 years of service, Carson City Fire Chief Bob Schreihans is hanging up his turnouts. Schreihans, who has served as the chief for two years with Carson City, announced his retirement, effective Feb. 1.

CARSON CITY, Nev. — Ageless Aviation Dreams Foundation, a non-profit organization that offers Dream Flights to U.S. military veterans living in retirement communities and long-term care facilities, received a $5,000 grant from Vital Life Foundation, a Marquis and Consonus Foundation that supports organizations and programs that provide meaning and vitality in the lives of seniors and staff members living and working in long-term care.

The Tax Court found Dora Marie Martinez failed to repay a loan from her qualified retirement plan (sec. 403(b) plan). The failure to repay is deemed to be a taxable distribution. The amount owed for the loan is taxable income that is to be reported on her individual income tax return.


Ahhh… the quintessential question: “what do you do?” Some people can still provide a single title answer to that response. I’m a lawyer. I’m a doctor. I’m in retail. I’m a stay at home mom. Yet, in the new economy, the question isn’t so much “what do you do” it’s about doing what it takes.

Rounding out the list of Nevada's most tax-friendly places for retirees are: Silver Springs, Carson City, Gardnerville, Boulder City, Dayton, Pahrump, ...

RENO, Nev. — The National Council of Juvenile and Family Court Judges has elected Joe Asher, chief executive officer of William Hill US, to the Board of Directors.

“We are very pleased to announce the appointment of Mr. Asher to the Board,” said Judge Katherine Tennyson, NCJFCJ president. “Mr. Asher will bring strong leadership and creativity to the NCJFCJ. His perspective and experience in law, with the Delaware Supreme Court, and in business will be significant assets to our organization.”

This is a reply to http://carsonnow.org/reader-content/09/26/2016/vintage-be-part-solution-.... I am not on Facebook, so I have to do it like this.

A retired United States Marine gunnery sergeant has been named Nevada Veteran of the Month by the Nevada Office of Veterans Services (NOVS).

Frank Reynolds of Carson City was selected by nomination for his work serving fellow veterans both in the community and statewide.

Requests by land developer Lumos and Associates for a Tentative Planned Unit Development (TPUD) and to change the city's Master Plan Land Use Designation (MPLUD) will be reviewed at the Thursday, Sept. 29 Carson City Planning Commission meeting.

Interviews for applicants to fill the Supreme Court vacancy are set for October 17-18 in the Supreme Court courtroom.The vacancy was created by the retirement of Nancy Saitta last month, leaving the c ...