Retirement Planning

Lucia Capital Group Weekly

Will Social Security Benefits Be Taxable?

June 29, 2023

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. 

Lucia Capital Group Weekly

Should You Take the Roth 401k Option?

May 25, 2023

When given a choice between the traditional 401(k) and the Roth 401(k), how do you decide which one may be better for you?

Featured

4 Things Everyone Age 50 or Older Should Do Right Now

May 18, 2023

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

Lucia Capital Group Weekly

Conquering Your Financial Fears

April 19, 2022

For a lot of people, finances are a scary thing. The complicated nature of saving, investing, and planning, along with the fear of not having enough money to survive, often causes people to make bad financial decisions. But it doesn’t have to be that way. Here are a few of the most common financial fears along with a few suggestions on how to deal with them,

Lucia Capital Group Weekly

Five Important Financial Moves to Make at Age 50

April 6, 2022

As you get older, time gets tighter, and your margin for error starts to go way down. With that in mind, if you’re over the age of 50, here are a five money moves that you should take care of in short order.

Lucia Capital Group Weekly

Four Things to Know About RMDs

March 30, 2022

Required Minimum Distributions (RMDs) from your retirement plans can be a really tricky thing to navigate. As you probably know, RMDs are withdrawals you have to make from most retirement plans when you reach the age of 72 (it was 70 ½ for those of you born before July 1, 1949). The amount you’re required… View Article

Lucia Capital Group Weekly

Why We Don’t Panic When the Markets Are Down

March 23, 2022

In any crisis, “playing it safe” to avoid losing your money can seem like the only rational strategy. This is why many investors tend to bail out at the first sign of trouble, which of course sends the markets down even further. But over the past 60 years, we’ve seen repeating patterns of crises, and yet, the market has been resilient, and so far, has recovered every time. 

Lucia Capital Group Weekly

Ignoring Conventional Advice on Social Security

March 10, 2022

Conventional advice says it’s always best to wait as long as possible to take your Social Security benefits so that you can take advantage of the delayed retirement credits that will increase your benefits for each month you wait, up until age 70. Waiting longer means a larger check. And that advice does make sense – sometimes.

Lucia Capital Group Weekly

The Retirement Crisis That Isn’t

March 3, 2022

You may have heard that there’s a huge retirement crisis in America. They say people aren’t saving nearly enough, they’ll have to rely only on Social Security, and retirees are doomed to run out of money. Even Bankrate tells us that 21% of working Americans aren’t saving anything at all! Sounds pretty scary, doesn’t it?

Lucia Capital Group Weekly

Target Date Funds: Hidden Risks in Your 401k?

February 24, 2022

If you’ve got a retirement plan at work, like a 401(k), there’s a pretty good chance that some of your investment options include something called target-date funds.  

Lucia Capital Group Weekly

It’s Time to Break the 4% Rule

February 17, 2022

If you’ve ever read anything about taking withdrawals from your portfolio at retirement, you probably came across something called the “4% rule.” This idea, which came from a few studies done more than 25 years ago, says you should aim to take no more than about 4% of your portfolio starting value as an annual withdrawal, adjusted annually for inflation, if you want it to potentially last for 30 years.   

Lucia Capital Group Weekly

Extensions and Due Dates and Forms – Oh, My!

February 10, 2022

Recently we sent out a quick fact sheet on which forms and documents you should expect to receive from your IRA Custodian over the coming days and weeks, along with some tax filing dates for 2022 that you need to be aware of. This week, we wanted to send you this video that gives you a little more information on them.