Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Managing Your Financial Future with Lucia Capital Group
What You MUST Know About Inheriting an IRA
In the middle of 2024, the rules changed for people who become beneficiaries of an IRA. We devoted an entire episode to those changes at that time, but there's a lot more you need to know if you're planning on inheriting a tax-deferred account like a traditional IRA.
While it's always nice to inherit assets of any kind, there are rules you need to be aware of. Depending on when the person died and how old you are when you received the asset, among other things, if you're not careful with how you treat it, you could be looking at a much bigger tax bill than you'd expected.
Learn more from podcast host Johnny Dean and his guest, "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!