Moving our San Diego Headquarters
After almost two decades in our current Sabre Springs location, we are excited to announce that on December 16, 2021 we are moving our San Diego headquarters to a NEW LOCATION at 16789 Bernardo Center Drive, San Diego, CA 92128. The new office space in Rancho Bernardo is in the former Pacific Western Bank building…. View Article
What to Do If (When) Your Taxes Start Going Up
Not knowing what Congress will do should not stop you from planning One variable that is hard to plan for in retirement is taxes. There are steps you can take, though, despite the uncertain tax landscape. We don’t even know what the tax rates will be next year, so how can you plan for 20… View Article
Is Now a Good Time to Capture Some Gains in My Portfolio?
A lot of people we’ve been meeting with have noticed that the stock market has far exceeded their expectations since the “Covid Crash” in March 2020… and now they’re wondering how long this good fortune is going to last. They want to know: “Is now a good time to get out and capture some of… View Article
The Zero-Percent Tax Bracket
Have you ever heard about a 0% tax bracket? It does exist – although not officially. Here’s the deal. If you look up the federal income tax brackets and tax rates online for 2021, you may find a table that looks something like this: 2021 Federal Income Tax Brackets and Rates for Single Filers, Married… View Article
How a Qualified Charitable Distribution May Be One Of The Best Tax Moves for a Retiree
As you get closer to, or into, your required minimum distributions, you may find that the requirement to remove a percentage of funds from your tax-deferred retirement accounts is a bit of a tax burden. Of course, if you need those funds to pay your monthly expenses, there’s not much you can do except bite… View Article
Is Hiring a Financial Advisor Worth It?
If you’ve ever considered hiring a financial advisor, you probably also asked yourself this question: Why should I pay an advisor when I could probably just manage my investments myself? It’s a legitimate question, and one you should consider carefully if you believe that self-management of your assets is a viable option for you. Is… View Article
The Best Qualities of a Good Financial Advisor
Any time you hire someone to do a specific job for you — whether it’s painting your house, fixing your car, or anything else — you want to know that you’re getting value for your money, and that your project goals are going to be met. Otherwise, you’re simply wasting your money and everyone’s time. The same holds true when it comes to hiring a financial advisor. It should go without saying that the person who’s handling your life savings has to be trustworthy, but you should also expect to receive something from them that you wouldn’t have otherwise been able or willing to achieve on your own. But what should those expectations be? In this week’s edition of Lucia Capital Group Weekly, you’ll hear from “Professor” Rick Plum, CFP®, about what he believes are the qualities of a good financial advisor, and what expectations you should reasonably have for that individual.
Is It Possible to Over-Save?
We all know that if you don’t have enough saved up for retirement, you probably can’t quit working any time soon. This is why we stress the importance of having a nest egg you can rely on, and building it as early as you possibly can. But is it possible that someone could actually save too much for retirement? From a purely tactical standpoint, probably not. More money is usually better than less. But if your savings GOALS are set too high, such that you put off retiring until much later than necessary or you’re denying yourself more than you currently should, then it can certainly become problematic. Learn more about this savings dilemma
How You May Avoid a Tax Audit
Last week’s video dealt with some of the things that may trigger a tax audit of your return. Of course, there’s no hard-and-fast rule about why anyone’s return might be looked at more carefully by the IRS than others, but we do know that certain actions, or incorrect accounting, can lead to an eventual audit. It’s always best to avoid those situations. In this week’s edition of Lucia Capital Group Weekly, “Professor” Rick Plum, CFP, gives you some tips on how to keep the IRS out of your hair in the first place.
What Might Trigger a Tax Audit?
For taxpayers, an audit notice is perhaps the scariest part of the entire tax-filing process. Even more than having to write a large check at filing time, the thought of being audited is for many people worse. You may be almost entirely sure you’ve done nothing wrong, but still… that notice in the mail. This is why it’s good to know what might trigger a tax audit ahead of time. The odds of an audit are very low, when given the entirety of the American taxpaying public, but if you know what they may be looking for, and what actions may color your return a deeper shade of red, you may be able to avoid those triggers.