Investing and Personal Finance Archives » Lucia Capital Group

Investing and Personal Finance

How to Pay ZERO Taxes On $100K of Income in Retirement

October 5, 2023

Retirement planning can be tricky. But what if we told you that a retired couple could earn $100,000 yearly and pay zero federal income tax? It might sound impossible, but with the right strategies, it’s achievable. Setting the Stage: Imagine a retired couple, both 66 years old. They plan to claim their Social Security benefits… View Article

Investing and Personal Finance

Why Building Wealth and Keeping It Are Two Different Things

September 20, 2023

In last week’s video we discussed the importance of saving, and how building a nest egg involves regular contributions over a long period of time. Investing in equal portions at regular intervals, like you would in a 401k, allows you to buy more shares when the market is down, and when the market is going… View Article

Investing and Personal Finance

How Can You Build a Substantial Nest Egg?

September 14, 2023

People often ask this question: “What’s the best way to build wealth?” Well, the simplest (and best) answer we can give to that question is this: “Save early and save often.” But that’s not very satisfying to hear, is it? It’s not glamorous, it offers no insight, and it doesn’t reveal any special secrets. … View Article

Investing and Personal Finance

Did Your Paycheck Suddenly Increase by 6.2%?

September 6, 2023

Do you ever look at your pay stub? These days, with automatic deposits and paperless transactions, you may not pay much attention to what’s being withheld from your check each pay period. What’s more, many people don’t understand how the whole payroll tax system works, which I get, because, yeah, it’s a bit complicated. But… View Article

Investing and Personal Finance

Retirement or College: Which Should You Fund First?

August 23, 2023

Making big financial decisions by yourself can seem like a real gamble sometimes. You don’t want to make a wrong move that may cost you big over the long term, but you also know that if you make no move at all, you’ll never reach your goals. Many parents find themselves in this situation when… View Article

Investing and Personal Finance

Why Never and Always Are Bad Investment Words

August 10, 2023

Discover the pitfalls of following ‘always’ or ‘never’ financial advice. Learn how different tools like stocks, bonds, and insurance serve specific goals. At Lucia Capital Group, we guide you to informed decisions tailored to your objectives and risk tolerance. Learn more.

Investing and Personal Finance

What Happens If You Have Post-Tax Money in Your IRA

If you’ve got an IRA that contains only pre-tax money and you take a distribution from that IRA, the taxation is pretty straightforward: the custodian reports the distribution to the IRS, and you pay ordinary income taxes on the amount you took out. If you’re under age 59 ½, then you’ll also owe an early… View Article

Investing and Personal Finance

Want to “Mega-Fund” Your Roth IRA?

We’ve discussed in a previous video about the potential benefits of having money inside a Roth IRA: specifically, that qualified distributions from a Roth don’t count against you when calculating the taxability of your Social Security benefits. Whether it’s a Roth IRA or 401(k), the potential tax-free nature of Roth withdrawals can make them an… View Article

Investing and Personal Finance

Will Social Security Benefits Be Taxable?

Social Security is often a significant source of income for many retirees or people with disabilities. In some cases, it’s their primary source of income. But one aspect that’s often left out of the discussion is whether these benefits are taxable to the recipient. And yes, Social Security benefits are sometimes taxed. You may go… View Article

Investing and Personal Finance

Why an Over-Diversified Portfolio Is a Problem

Life is filled with risks. Some risks are controllable, others are not. It’s no different with investing. Some investing risks are out of your hands completely, while others may at least be minimized by using certain strategies, like diversification. You’ve probably heard that diversification of your investments is a good thing. And it seems to… View Article

4 Things Everyone Age 50 or Older Should Do Right Now

When you’re young, you generally have time on your side. That’s one of the many great things about youth. Most minor mistakes you make, and even a few major ones, can be solved (or at least diminished) by the passage of time. As you get older, though, your time window becomes smaller, and suddenly the… View Article

Investing and Personal Finance

Three Unique Benefits of a Roth IRA

Individual Retirement Accounts, or IRAs, are (as the name implies) savings vehicles for your retirement. Pretty simple. You contribute money to it over the years, allow it to grow and compound, and once you turn age 59½, you can begin taking penalty-free distributions if you so desire. And that’s generally true for all IRAs, whether… View Article