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
262 episodes
The 1 Big Risk Most Retirees Aren't Prepared For
What's a $345,000 retirement expense that most people never plan for? Long-term care is one of those risks people know exist, yet tend to ignore. It’s not fun to think about, it’s not easy to predict, and for many, the assumption is that someth...
What If You Retire at the "Wrong" Time?
What if you retire at the "wrong" time? It’s a question that sounds reasonable, especially when headlines suggest that market conditions should dictate when you stop working. But what does a “wrong time” even mean, and is it something you can a...
5 Financial Truths Most People Don’t Know
Before you ever get to investment strategies, there are a handful of core financial truths that shape almost every success or failure story with money. The problem is most people either overlook them or don’t fully understand how they apply in ...
5 Things You Didn't Know About Estate Planning
Estate planning tends to get treated like something you only worry about after you're gone. But the truth is that some of the most important parts of an estate plan are the documents and decisions that matter while you're still alive. ...
Should You Own More or Fewer Stocks in Retirement?
The idea that you should own fewer stocks as you get older is one of the most common rules of thumb in retirement planning. The logic says that stocks are supposedly "risky,” so as you age, you should reduce your exposure. But that simple rule ...
The Art of The Bucket Strategy®
Retirement income planning looks like a math problem: formulas, percentages, projections, etc. These are important, and they form what may be called the "scientific" portion of a financial strategy. But what often gets overlooked is the other h...
Why the "RMD Withdrawal Strategy" May Be Disastrous
Have you heard of the "RMD-style" retirement withdrawal strategy? It involves taking a percentage of your portfolio each year based on life expectancy tables, which, on paper, ensures you never fully deplete your account. But retirement is not ...
Who Really Controls Your Money When You’re Gone?
Estate planning deserves more attention than it usually gets in retirement conversations. You've spent a lifetime building assets, but what really determines whether your family benefits is how those assets are structured and transferred. ...
4 Things Every Surviving Spouse Should Know
Losing a spouse is something no one likes to think about, but for virtually every married couple, it’s a reality that will eventually have to be faced. And beyond the emotional toll, there are financial changes that happen automatically, whethe...
What Retirees Wish They Had Done Differently
When people look back on their retirement years, what do they wish they had done differently? It turns out the biggest regrets aren’t about picking the wrong stock or missing out on an investment. They’re much more fundamental, and much more co...
What Should You Do with an Old 401(k)?
When you leave a job, what you do with your 401(k) often feels like a formality. But the reality is that most people have no idea what to do with their retirement plan, and they don’t know what their options are. And making the wrong move can c...
Asset Location: How a "Good" Portfolio Can Still Lose Money
There are plenty of conversations about how your money should be invested: stocks or bonds; aggressive or conservative; growth or safety, etc. But there’s another part of the equation that rarely gets the attention it deserves, and it can poten...
Why the Short Term Matters Most in Investing
It's true that most investing success happens over long periods of time. So it would stand to reason that you should stay focused on the long term. But when you think about it, the "long term" is really just a bunch of short-term periods ...
Are Roth Conversions Always a Good Idea?
Roth IRAs are often described as one of the most powerful tools available in retirement planning. Tax-free growth, tax-free withdrawals, and flexibility? Those are hard to beat. So it’s no surprise that Roth conversions are frequently promoted ...
Why Your Income Strategy Matters More Than Big Returns
There’s nothing wrong with wanting a strong rate of return. The problem starts when “the best return” becomes the plan, especially once you’re close to retirement and your portfolio has a job to do beyond just growing. The reality i...
Save Like a Pessimist And Invest Like an Optimist
Financial planning is NOT about predicting the future. It’s about balancing what you can reasonably expect with everything you can’t possibly control. Markets move, life happens, but the decisions you make today may have to support you for deca...
Debunking 3 Ideas of "Conventional Wisdom"
There’s no shortage of “rules of thumb” in personal finance. They sound simple, they sound authoritative, and you can find them almost everywhere. But the truth is that many of these long-standing bits of advice can lead you in the wrong direct...
3 Things Every Retiree Should Understand
There are many things a retiree needs to know about their finances – some more important than others. But how can you tell which ones are best to learn, and which ones can be ignored? We've narrowed it down to what we believe are t...
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...
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.&nb...
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, misreporti...
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 s...
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...
Why the First Five Years of Retirement Are the Most Dangerous
Did you know that what happens with the stock market in the first few years of your retirement can either make or break your entire nest egg? It's true. If you retire just when the stock market takes a downturn, and you're selling stocks to pro...
Why Bonds Are Not the Simple Assets They Appear to Be
You're probably familiar with bonds as an asset: you make a loan to a company or state or municipality, and you hope to be paid back over time with interest and, ultimately, your principal. And while that is the most basic definition, the...