Retirement
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
RMD Age Is Now Higher – But Should You Really Delay Your IRA Distributions?- Episode 122
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
Buckets: Taking Advantage of Higher Interest Rates- Episode 120
Interest rates went up quite a bit in 2022 – did you notice? It’s a pretty sure bet that you did, since everything from mortgages to credit cards to the value of the stock market were affected. But are higher interest rates good or bad? Depends on whom you ask. To borrowers, it’s not so… View Article
It’s a New Year – Let’s Get Your Financial House in Order!- Episode 119
The new year brings with it some new opportunities, on both the planning and the saving sides. There are new contribution limits on your retirement plans, a fairly large cost of living adjustment on your Social Security benefits, a slight decrease in your Medicare premiums, and much more. Beyond that, there are also new opportunities… View Article