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
The 1 Big Risk Most Retirees Aren't Prepared For
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
What's a $345,000 retirement expense that most people never plan for? Long-term care is one of those risks people know exist, yet tend to ignore. It’s not fun to think about, it’s not easy to predict, and for many, the assumption is that something else will cover it. But what if it doesn’t?
The bigger issue, beyond the expense, is the ripple effect. How does one spouse needing care impact the other? What happens to income, to investments, to the overall plan that once looked pretty solid? Is there maybe a better way to approach it today that doesn't feel like you're throwing your money away?
How should you think about this risk, and what options are actually worth considering? Find out from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!