Lucia Capital Group Weekly Archives

If you’re at least 72 years old this year, here’s a really important question for you: did you take your required minimum distributions (or “RMDs”) from your pre-tax retirement accounts for this year yet? If not, it’s probably a good idea to get that taken care of sooner rather than later.

Lucia Capital Group Weekly

Tax Knowledge Is Tax Power

November 17, 2021

When it comes to financial planning and investing, knowledge is power. The more you know, the more likely you are to recognize the benefits and consequences of making certain financial moves. This may be especially true with taxes. Most people would probably agree that if you can find a way to legally pay less in… View Article

Lucia Capital Group Weekly

What You Need To Know About Inheriting an IRA

November 12, 2021

If you inherit an IRA or a 401k, there are some rules in place that will ultimately require you to take the money out and pay taxes on it. The SECURE Act of 2019 has provisions that affect required minimum distributions, or RMDs. Do any of those rules apply to you? Here are some things… View Article

Lucia Capital Group Weekly

Is It Time to Convert to a Roth IRA?

November 4, 2021

A few years ago, Congress passed a new tax law that created some generally lower tax rates. These rates are set to expire after 2025. If no new changes are made between now and then, rates are set to return to where they were in 2017. In other words, they’ll go back up. For larger conversions,… View Article

Lucia Capital Group Weekly

Your 401k: Is the Roth Option Better Than the Traditional?

October 28, 2021

Traditional 401k plans are pretty common these days, but did you know that almost 70% of employers now offer a Roth 401k option? So if you’ve got the choice, how do you decide which one may be better? Let’s do a little comparison first. The 401k contribution limit applies to both the Roth and traditional: for 2021, that’s… View Article

Lucia Capital Group Weekly

How Long Do You Expect to Live?

October 21, 2021

Have you thought about what might happen if the stock market dropped precipitously just as you began your retirement? What if your portfolio took a 10-, 20-, or 30-percent cut or more just when you needed the funds the most? This is what’s known as “Sequence of Returns” risk. And can be one of the biggest challenges a recent retiree can face.