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 You Retire at the "Wrong" Time?
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
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 actually plan around?
In this episode, Johnny Dean and Rick “The Professor” Plum, CFP®, take a closer look at the idea of a “retirement window” and whether your retirement date should actually depend on what the market happens to be doing at that moment. If the market drops right before you retire, does that mean you should delay? Should you REALLY cut your spending? Or is the real issue something deeper about how your income is structured in the first place?
Tune in and find out why tying your retirement decisions to market performance can create more problems than it solves, and how a properly structured plan may remove that uncertainty altogether.