ericbastian
Expert Alumni

Retirement tax questions

Hi jk_104,

 

To apply for Social Security, please use the link below!

 

https://secure.ssa.gov/iClaim/rib

 

Required Minimum Distributions (RMDs) are calculated each year based on your account balance and age. If you were required to take one last year, you will need to take one every year going forward.  Your brokerage firm can tell you how much you need to withdraw, and should be able to assist you with setting up automatic distributions, which can be monthly, quarterly or yearly.

 

You will need to check with your brokerage firm to see if they can "HOLD" your private stock.

 

I hope these answer were helpful!

 

Have a blessed day!

Eric