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
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
As of 2023, the age when you must begin taking Required Minimum Distributions from your IRAs has been increased. This means you may have as many as three extra years to allow your savings to grow tax deferred. This may sound like a great idea: why pay taxes now when you can delay the inevitable… View Article
We would like to spend just a couple of minutes talking about current fixed interest rates. Now, we probably don’t have to tell you that interest rates have moved up a lot in 2022. News of the Fed raising rates has been all over the financial news since March when they started the process. What… View Article
If you’re accustomed to living on a certain amount each year, with fairly stable savings account balances, it can be a real shock to the system when you suddenly receive a large influx of money that alters your current financial situation. While a small percentage of people achieve this through winning some kind of cash… View Article
Getting Ready for 2023 As we begin to wind down 2022, it’s time to start thinking about some of the things that you really need to take care of before the new year gets underway. With all of the volatility we’ve seen in the stock market, as well as the sudden, dramatic rise in interest… View Article
Creating a withdrawal strategy in retirement, one that aims to keep you from running out of money before you run out of time, is a unique – and difficult – challenge. It involves much more than simply trying to achieve the best rate of return. With so many external factors that are out of your… View Article