Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Episodes
216 episodes
A Tale of Two Retirements: One Good, One Bad
How is it possible that two individuals could retire with the exact same portfolio allocation and use the exact same withdrawal strategy, and yet one is still going strong after 40 years while the other is completely destroyed before year 10?
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Episode 216
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33:17
Do You Really Have to Pay Taxes On a Gift?
Have you heard of the "Gift Tax?" Many people are at least familiar with the term, but relatively few know how, when, or where it might be applied. Generosity certainly has its benefits, but is there also a tax that someone should b...
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Episode 215
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34:51
Should You Ever Consider a 401(k) Loan?
For many people, the 401(k) is their largest source of retirement savings. Because of that, it may be tempting to tap into some of that money in the form of a loan if you need some quick cash.But is that smart? Maybe - but only if ...
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Episode 214
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33:03
What If the Markets Crash When You Start Retirement?
After years of building your savings, there are a number of scenarios that threaten to deplete it. But what happens if you retire just when the stock market takes a big downturn? If you're selling stocks to provide yourself with an income, you'...
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Episode 213
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35:26
The Truth About This Volatile Stock Market
The first trading two weeks of March, 2025 were brutal for stocks. Nearly $4 trillion of value was lost in less than a month. All of this negative volatility, with suspicions that more is to come, has created a great deal of fear and pani...
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Episode 212
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36:55
What You MUST Know About Inheriting an IRA
In the middle of 2024, the rules changed for people who become beneficiaries of an IRA. We devoted an entire episode to those changes at that time, but there's a lot more you need to know if you're planning on inheriting a tax-deferred ac...
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Episode 211
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37:09
Will Your Taxes Really Be Lower in Retirement?
Several weeks back, we talked about how different types of retirement income are taxed. This topic created a follow-up question from several listeners who wanted to know: Will I be in a lower - or higher - tax bracket in retirement?You m...
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Episode 210
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34:49
How to Use the Tax Brackets to Your Advantage
The US tax system is by design a complicated beast, and trying to understand it all is a daunting challenge. And yet, unless you understand how the tax brackets work, you may be paying a LOT more in taxes than you actually owe.Most...
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Episode 209
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34:53
How Are Your Social Security Benefits Taxed?
You've probably heard that your Social Security benefits are subject to taxation. You may have also heard that they're never taxed at all. Is it possible that both scenarios are true? The fact is that under current law, sometimes ...
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Episode 208
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37:09
Let's Talk About Your 401k
For many people, the 401(k) plan has become the default retirement savings plan. Opting in early enough, combined with consistent contributions over a long period of time, may yield very good results. Thus, it's an important saving vehicl...
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Episode 207
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30:10
Here's How to Supersize Your Roth!
Having money in a Roth account can be great - especially if the cost to get that money in there is minimal. But there are some people who cannot contribute to a Roth IRA because their annual income is too high. Wouldn't it b...
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Episode 206
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34:14
Comparing the Portfolio Withdrawal Methods - Which Is Best?
It’s been said – by us – that keeping your wealth can be a much harder task than accumulating that wealth. And it's true. If you don't have the right withdrawal strategy when taking cash flow from your investment portfolio, you stan...
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Episode 205
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35:31
Financial "Resolutions" to Make in 2025
It's the start of a new year, which means right now is a very good time to begin thinking about what your financial goals are for 2025. Sometimes, though, that's easier said than done.How do you know what to prioritize this year?&...
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Episode 204
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37:02
How Different Types of Retirement Income Are Taxed
Many retirees have several sources of retirement income: IRAs, 401k accounts, personal money, pensions, and Social Security, to name just a few. Because of this, they may find that it's extremely hard to predict their tax bill each year i...
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Episode 203
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38:42
Here's How Your Social Security Benefits May Be Reduced
When the SSA sends you your benefit projections each year, there is an actual amount that they're telling you that you will receive, depending upon what age you begin taking them. So you might think that the number they tell you is the am...
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Episode 202
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38:47
Here's One More Tax Move to Make Before 2025
We're nearing the end of the year, and while there's not a whole lot left that you can do to perhaps improve your tax situation for this year, there actually is one more thing you may be able to accomplish before 2025.It's called a QCD ...
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Episode 201
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39:04
Is This a Good Time for Roth Conversions?
Today we're asking the question that we posed to our listeners at the beginning of 2024: Is this a good time to do your Roth conversions?There are reasons for doing them at the end of the year, just as there are also sound reasons for w...
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Episode 200
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38:12
Why the Wrong Withdrawal Strategy Can Be Disastrous
Building a nest egg is relatively easy if you're both consistent and patient. Regular contributions over time can lead to compounded growth, which may give you the amount of money you need to live on.But while building a savings can be ...
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Episode 199
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38:33
Let's Do an Actual Bucket Strategy!
Regular listeners to this podcast know that we talk a lot about a Bucket Strategy, and why we so firmly believe in it. But it's important to note that we're not just referring to any bucket strategy - rather we like to refer to it as THE ...
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Episode 198
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39:37
Asset Location - The Hidden Gem of Tax Management
There's a well-known topic in the investing world known as Asset Allocation which is primarily about deciding which asset categories you should own – stocks, bonds, CDs, alternative investments, etc. It's an important part of building your port...
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Episode 197
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38:43
How Much Can You "Safely" Withdraw From Your Portfolio?
Most people, by the time they reach retirement age, have a certain amount of money saved up that they'll need to tap into from time to time. Problem: that money may need to last a lifetime, and because you don't know how long you'll live,...
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Episode 196
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39:22
Do Not Confuse Volatility With Risk!
When the stock market behaves erratically, it can create a lot of fear and anxiety among investors. Large swings to both the up and down side are what is known as volatility, and, like turbulence in an airplane, it can make people jittery and p...
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Episode 195
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37:22
Building Wealth vs. Keeping Wealth
It's a fact that many people are not aware of: your wealth accumulation strategy should be vastly different from your wealth distribution strategy. In fact, they require very nearly opposite skills.Building your nest egg requires ...
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37:23
Which Assets Belong in Each Bucket?
The Bucket Strategy® is both simple and complex. It’s simple in the sense that there’s a short-term, midterm, and long-term bucket, and maybe a couple of others, depending on your needs. The complexity begins when you need to determ...
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Episode 193
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35:48
Is It Really Better to Own More Stocks in Retirement?
If stocks are inherently risky, and if you're retired and you're risk-averse, doesn't it make sense to lessen your exposure to the stock market as you get older? That's the logic behind certain "rules of thumb" that say the older you are,...
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Episode 192
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35:27