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.
Episodes
274 episodes
The 3 Financial Principles That Matter Most
We've discussed many different topics on this podcast over the years: retirement income, Social Security, taxes, Roth conversions, and the Bucket Strategy, to name a few. But there are certain core principles underneath nearly every planning co...
5 Ways Your Social Security Benefits Can Be Reduced
Social Security is thought of as one of the most predictable parts of a retirement plan. You look at your statement, estimate your benefit, and assume that number will be there when you need it. But the amount you expect and the amount that act...
The Trickiest Bucket to Fill
The Bucket Strategy sounds simple in broad terms. One bucket is designed for money you may need soon, another is built for long-term growth, and the middle bucket sits somewhere in between. But that middle bucket may be the hardest one to get r...
3 Retirement Assumptions That Can Cost You
Retirement has a way of exposing assumptions you may not even realize you're making. While you're working, a lot of financial decisions feel automatic: tax withholding, paychecks, and your retirement accounts mostly stay in the background. But ...
Are You Not Spending Enough in Retirement?
Retirement planning often assumes your spending should start at one level and then rise every year with inflation. Sounds logical, right? But the reality is that many retirees spend more in the early years, when they are healthier, more active,...
3 Things That Could Break Your Retirement Plan
A retirement plan has to do more than just look good on a spreadsheet. It has to survive real life. Markets don't move in straight lines, family situations change, health can change, income can change, and if you have a plan that only works whe...
The Bucket Strategy® Question: Are 3 Buckets Enough?
The Bucket Strategy® is usually explained with three core buckets: money you need soon, money you’ll need later, and money that has time to grow. But for some retirees, that basic structure may need extra support. This is where the flexibility ...
The 2 Most Misrepresented Financial Products We've Seen
Annuities and whole life insurance tend to create strong opinions. Some people treat them like miracle products, while others dismiss them completely. The truth, though, is more practical. They are financial tools, and like any tool, they only ...
Your Most Common Email Questions Answered
Time for some emails! Listener questions tend to get specific, but they can point to larger issues that many people are trying to understand. Today, the focus turns to two email topics that come up again and again: 401(k)s and the Bucket Strate...
3 Roth IRA Rules You Need to Know
Roth IRAs are pretty simple in structure: Pay taxes now, enjoy tax-free income later. It’s one of the most appealing concepts in retirement planning. But like most things in the tax world, the details matter, and missing them can lead to unexpe...
3 Personal Finance Hacks That Everyone Can Use
Everyone loves a good “hack,” especially when it comes to money. The promise is always the same: faster results, less effort, and a shortcut to building wealth. The problem is that most of those shortcuts don’t hold up when markets move, taxes ...
How to Build Wealth and How to Keep It
Most financial advice is built around one idea: how to grow your money. Invest more, stay the course, think long term. And that may potentially work. But what happens when you reach the point where growth is no longer your only goal, and the qu...
The 1 Big Risk Most Retirees Aren't Prepared For
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 someth...
What If You Retire at the "Wrong" Time?
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 a...
5 Financial Truths Most People Don’t Know
Before you ever get to investment strategies, there are a handful of core financial truths that shape almost every success or failure story with money. The problem is most people either overlook them or don’t fully understand how they apply in ...
5 Things You Didn't Know About Estate Planning
Estate planning tends to get treated like something you only worry about after you're gone. But the truth is that some of the most important parts of an estate plan are the documents and decisions that matter while you're still alive. ...
Should You Own More or Fewer Stocks in Retirement?
The idea that you should own fewer stocks as you get older is one of the most common rules of thumb in retirement planning. The logic says that stocks are supposedly "risky,” so as you age, you should reduce your exposure. But that simple rule ...
The Art of The Bucket Strategy®
Retirement income planning looks like a math problem: formulas, percentages, projections, etc. These are important, and they form what may be called the "scientific" portion of a financial strategy. But what often gets overlooked is the other h...
Why the "RMD Withdrawal Strategy" May Be Disastrous
Have you heard of the "RMD-style" retirement withdrawal strategy? It involves taking a percentage of your portfolio each year based on life expectancy tables, which, on paper, ensures you never fully deplete your account. But retirement is not ...
Who Really Controls Your Money When You’re Gone?
Estate planning deserves more attention than it usually gets in retirement conversations. You've spent a lifetime building assets, but what really determines whether your family benefits is how those assets are structured and transferred. ...
4 Things Every Surviving Spouse Should Know
Losing a spouse is something no one likes to think about, but for virtually every married couple, it’s a reality that will eventually have to be faced. And beyond the emotional toll, there are financial changes that happen automatically, whethe...
What Retirees Wish They Had Done Differently
When people look back on their retirement years, what do they wish they had done differently? It turns out the biggest regrets aren’t about picking the wrong stock or missing out on an investment. They’re much more fundamental, and much more co...
What Should You Do with an Old 401(k)?
When you leave a job, what you do with your 401(k) often feels like a formality. But the reality is that most people have no idea what to do with their retirement plan, and they don’t know what their options are. And making the wrong move can c...
Asset Location: How a "Good" Portfolio Can Still Lose Money
There are plenty of conversations about how your money should be invested: stocks or bonds; aggressive or conservative; growth or safety, etc. But there’s another part of the equation that rarely gets the attention it deserves, and it can poten...
Why the Short Term Matters Most in Investing
It's true that most investing success happens over long periods of time. So it would stand to reason that you should stay focused on the long term. But when you think about it, the "long term" is really just a bunch of short-term periods ...