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
251 episodes
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...
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Episode 251
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35:42
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 ...
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Episode 250
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31:41
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 ...
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Episode 249
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31:48
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...
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Episode 248
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35:42
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...
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Episode 247
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34:37
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...
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Episode 246
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33:46
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...
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Episode 245
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34:57
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...
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Episode 244
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36:32
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...
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Episode 243
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33:14
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...
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Episode 242
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33:29
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...
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Episode 241
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34:35
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...
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Episode 240
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32:27
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...
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Episode 239
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34:31
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...
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Episode 238
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35:55
5 "Rules" of Finance That You Can Easily Break
In the financial world, there are many "rules" that have become so ubiquitous that people are really reluctant to break them: Should you never take more than 4% out of your portfolio each year in retirement? Is it always best to wait until age ...
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Episode 237
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35:22
Volatility Is NOT Risk - Why This Matters to You
When it comes to stock market investing, what creates the most anxiety and fear? Usually, it's when the markets are behaving erratically. Put another way, it's when the markets are volatile. Or to put it yet another way, it's ...
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Episode 236
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33:16
Why You Should NEVER Own Real Estate in Your IRA
You may have noticed that real estate prices have been soaring over the past five or so years. And with the stock market gains we've experienced over that same period of time, you may have also seen a similar increase in the balances of y...
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Episode 235
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33:29
How to Pay NO Federal Tax on $100,000 of Income
Here's a question: Is it really possible to take a six-figure income and pay no federal taxes on it? Depending on the sources of your income and how you use the tax brackets, it may indeed be possible. What it all comes down to is knowi...
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Episode 234
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35:42
Can Bucket 1 Actually Increase Your Social Security Benefits?
The question of when to take your Social Security retirement benefits often comes down to whether you need the money now or can wait until later. Larger benefit checks await those who take it later, but is there a way to perhaps get the c...
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Episode 233
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36:31
College Savings and 529 Plans - What You Need to Know
With the cost of college in the US skyrocketing, many parents find they need to begin saving almost immediately if they want their children to be able to attend. One avenue for doing that is the 529 Plan, which comes with both benefits and cost...
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Episode 232
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36:43
The One Thing Your Financial Plan Can't Live Without
A good financial plan will contain many elements: a source of cash flow, assets that are matched to liabilities, tax management, and investment oversight, to name just a few. And while these are important parts of a financial plan, there ...
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Episode 231
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33:11
Why You Should Manage Risk - NOT Return
In the investing world, there are certain things that are out of your control: the short term direction of the stock market and where the economic trends are headed, to name just two. These are, of course, impossible to predict with ...
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Episode 230
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35:29
Which Pension Benefit Option Should You Choose?
If you have a pension, the decision of how and when to take the payments is an important one – and, probably irrevocable. Maybe you have the choice to take the entire amount as a lump sum; if so, is that option potentially better than a stream ...
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Episode 228
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36:25
What You MUST Know About the New Tax Bill
In early July of this year, the new Budget Reconciliation Law was enacted by Congress. It made several changes to existing tax law, introduced some new legislation, and made other formerly temporary laws "permanent".Whether you like it o...
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Episode 229
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36:24