Managing Your Financial Future with Lucia Capital Group

• How High-Income Earners Can Have a Roth IRA

  Many people with high incomes assume they make too much money to contribute to a Roth IRA. And they’re right – sort of. The IRS does put income limits on Roth contributions, but there are a few lesser-known workarounds that high earners can use to get money into a Roth anyway.  The potential tax-free growth inside a Roth IRA can be especially enticing to people who both earn a lot and save a lot, as they may find themselves in a fairly high tax bracket at retirement. Any opportunity they have to withdraw money on a tax-free basis can only help their situation.So what should high-income investors know about Roth strategies that might not be obvious at first glance? Find out from podcast host Johnny Dean and Rick "The Professor" Plum, CFP® on this week's episode of Managing Your Financial Future! 

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• 5 Things a Good Financial Advisor Will Do for You

  There’s a lot of confusion about what a financial advisor actually does. Some people think it’s all about picking investments or predicting the market, but the best advisors focus on something much more personal: you and your goals. The best advisors explain how they’re paid, talk openly about risk, give you time to make decisions, and encourage your questions. So what else should you expect when you sit down with someone who truly has your financial future in mind? Find out with podcast host Johnny Dean and Rick "The Professor" Plum, CFP® on this week’s episode of Managing Your Financial Future! 

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• 3 Tax Traps Most People Miss

  You’ve probably heard that taxes are unavoidable. Fair enough. But what if we told you that in some cases, you might be paying more than you should, simply because you didn’t know the rules?Taking money from the wrong account, misreporting after-tax IRA contributions, accidentally triggering Medicare surcharges: These are tax traps that are hiding in plain sight. They're real mistakes people make every year, often without realizing it until it’s too late.So how do you avoid these common traps? Find out from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!

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• The Best Way to Win Is to Keep from Losing

  There are perhaps many thousands of books out there that purport to tell you how to "win" in investing. Many of them contain various gimmicks and "secrets" that are supposed to help you beat the market and earn a fortune.  Here's another secret: not a single one of them is worth what you pay for them.A better way to potentially win in investing is simply to avoid losing. With all the pitfalls and landmines you'll encounter as an investor, most of which is out of your control, you simply need to survive the short-term volatility while allowing the magic of compounding to do its job over the long term.How might you accomplish this? Find out from podcast host Johnny Dean and Rick "The Professor" Plum, CFP® on this week's episode of Managing Your Financial Future!

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• Is "Value Averaging" Really the Key to Long-Term Success?

  If there's one thing we can always be sure of, it's this: the stock market is unpredictable.  There will be months or years where the market exceeds expectations, and there will be other times when it underperforms and winds up below where you expected it to be – sometimes, way below.  A strong risk management approach to investing may help stave off that dangerous and damaging volatility. But how do you prepare for it if it’s impossible to predict exactly when the next upswing or downturn will occur? One way, potentially, is through a strategy known as Value Averaging. Could this strategy be the ultimate key to your portfolio's success?  Learn more from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on today’s episode of Managing Your Financial Future! 

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