Protect Your Wealth

On September 24, 2024, California Governor Gavin Newsom signed into law AB 2837, dramatically reducing the creditor exemption for qualified retirement accounts in California. The new law will take effect on January 1, 2025. In the wake of these changes, the California Private Retirement Trust (“PRT”), a “non-qualified” 401k-like retirement plan, is unaffected by the…

Section 280A of the Internal Revenue Code lets you rent out your home for up to 14 days per year without having to report the income. The tax exemption is one of the rare opportunities to earn money and not pay federal income tax on it. Sometimes referred to as the Augusta, or Masters Rule…