Business

GAF, North America’s largest roofing manufacturer, announced that Affordable Solar Roofs of Morgan Hill has received the prestigious GAF Master Elite™ Installation Excellence Award. With no property owner incidents or complaints, this coveted industry award recognizes Affordable Solar Roofs’s dedication to the highest level of quality installations.

How confident are you about your retirement savings? That might seem like a difficult question to answer. Maybe a better question is – do you own your home? If your answer is no, you're not alone. Retirement-age homeowners are more likely than ever to carry mortgage debt. According to a USA Today analysis of census data, more than 28 percent of homeowners age 65 or older owe on their homes. That might not seem like an outrageous percentage, but when compared to about 21 percent in 1990 and about 19 percent in 1980, the trend is obvious.

If you are age 701/2 or over and own either a traditional IRA, 401(k) plan or other employment-based savings plan, you are usually required to withdraw a certain amount of money each year. These withdrawals are minimum required distributions (MRD), or what can also be referred to as required minimum distributions (RMD). For consistency purposes, I will refer to them as minimum required distribution (MRD). MRD is usually taxable income, so if you made after-tax contributions to these accounts, part of your minimum required distribution may be nontaxable.