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
Debunking 3 Ideas of "Conventional Wisdom"
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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 direction if you follow them without thinking.
What’s a good amount to withdraw from your savings? Which accounts should you tap first? What will your spending look like in retirement? These are questions that require more nuance than generic guidance can offer. What looks harmless on paper can end up costing you more than you realize over the long run.
So which pieces of conventional wisdom need to be debunked? Find out from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!