Financial Planning
Know This Before You Transfer Assets to Your Heirs
Here at Lucia Capital Group, we do a lot of work with clients who are planning to pass their assets to their heirs once they’re gone – usually it’s their kids, but not always. In either event, it’s important to know what the benefits and consequences are of inheriting tax-deferred retirement accounts. It’s that… View Article
It’s Tax Time: Here’s What You Need to Do Now- Episode 123
It’s tax time! Although tax returns aren’t officially due until mid-April, the first quarter of every year is when the forms arrive in the mail, as we start to compile information to begin the dreaded process of filing. With the myriad forms that so many people have to deal with, it’s good to know which… View Article
How SECURE Act 2.0 Will Affect Your Income and Taxes
The SECURE Act 2.0 was passed at the end of 2022, and there are dozens of provisions in it that may potentially affect you and your retirement savings. What we want to focus on today has to do with Required Minimum Distributions, or RMDs. The RMD is what forces you to draw certain minimum amounts… View Article
Secure Act 2.0: Your Financial Life Is About to Change- Episode 121
The SECURE 2.0 Act is now law. The legislation was signed by the president in late December of 2022, and it provides a whole slate of changes that are designed to help strengthen the retirement system—and Americans’ financial readiness for retirement. The Act itself contains dozens of provisions, building on earlier legislation that, among other… View Article