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
Why the First Five Years of Retirement Are the Most Dangerous
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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 provide yourself with an income, you're courting disaster.
Of course, there's nothing you can do about market volatility. The movement of stocks is completely out of your control. But what you CAN control is your reaction to that volatility – which may be as easy as choosing the right withdrawal strategy.
How do you avoid this so-called "Sequence of Returns" risk? Find out from host Johnny Dean and "Professor" Rick Plum, CFP® on today's episode of Managing Your Financial Future!