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.
Managing Your Financial Future with Lucia Capital Group
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're courting disaster.
Of course, you have to have an income, and maybe a portion of that income has to come from your savings and investments. And yet, those investment may be shrinking in value. What can you do about this scenario? The answer may be as easy as choosing the right withdrawal strategy.
Learn more from "Professor" Rick Plum, CFP® and podcast host Johnny Dean on this week's episode of Managing Your Financial Future!