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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.

Morgan Hill home shoppers can now experience Taylor Morrison’s commitment to quality and modern home designs first-hand at the brand new Madrone Plaza. Offering two distinct product lines to choose from, Madrone Plaza recently began sales of both single-family detached homes and townhomes. Models are currently under construction and will grand open this fall, but home shoppers can visit the community to view the layout, discover amenities and take advantage of pre-model pricing starting from the high $400,000s. The Arbors feature two-story detached homes available in four functional floorplans ranging between 1,503 and 1,617 square feet with up to four bedrooms and two-and-one-half bathrooms. The Villas boast spacious three-story townhome designs ranging in size from 1,775 to 1,929 square feet. Madrone Plaza is located at 130 Cochrane Road, Morgan Hill. Details: Taylor Morrison.com.

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The Santa Clara County Realtors Association has a new officers