Lucia Capital Group Weekly

Lucia Capital Group Weekly

Are Taxes Higher or Lower in Retirement?

July 13, 2021

There are people out there who may be saving too much for retirement—and you might be one of them! Don’t get us wrong, building your savings is a good thing. In fact, we’re in the business of helping people do just that. You certainly don’t want to under-save, but over-saving can also be a problem.

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Is Now a Good Time to Capture Some Gains in My Portfolio?

July 8, 2021

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

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The Zero-Percent Tax Bracket

June 24, 2021

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

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How a Qualified Charitable Distribution May Be One Of The Best Tax Moves for a Retiree

June 3, 2021

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

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Is Hiring a Financial Advisor Worth It?

May 27, 2021

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

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The Best Qualities of a Good Financial Advisor

May 20, 2021

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.

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Is It Possible to Over-Save?

May 13, 2021

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

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How You May Avoid a Tax Audit

May 5, 2021

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.

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What Might Trigger a Tax Audit?

April 29, 2021

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.

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How Should You Withdraw Money From Your Retirement Accounts?

April 22, 2021

It’s hard to find anyone who really enjoys paying taxes. So it’s not surprising that people often want to put them off for just as long as they can. This is why some financial strategists find it easy to tell their clients to “never take money from a taxable account until you’re required to do… View Article

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What Is an “Alternative” Investment?

April 16, 2021

Diversification is not just a financial industry buzzword; it’s often an important part of just about anyone’s financial strategy.  A common form is a simple one: stocks, bonds, and cash.  But is that true diversification?  For some people, that may work just fine.  Others, though, may want to consider a little extra: something known as an “alternative investment.” Whether these are suitable for an individual investor, though, depends on several factors.  So before you jump into anything non-traditional, it’s a good idea to know what you’re getting into and why.

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Why Having Multiple Sources of Retirement Income May Be Best

April 8, 2021

If you’ve ever thought about how you’ll be able to have enough income to make it through retirement, you’re not alone.  Many people are concerned about potential future cuts to Social Security, as well as a continuation of low interest rates — both of which can impact your income at retirement. This is why it may be a good idea to consider having multiple sources of income once you’ve stopped working.  But how do you do that? And what form should that income take?