11 episodes

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 Lucia Securities, LLC, member FINRA. 

Managing Your Financial Future with Lucia Capital Group Lucia Capital Group

    • Business

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 Lucia Securities, LLC, member FINRA. 

    IRA Withdrawals: Take Them Now, or Later?

    IRA Withdrawals: Take Them Now, or Later?

    When it comes to finance, conflicting advice is everywhere.  This is especially true when people have questions about when they should start taking money from their traditional IRAs: Should I start early, or wait until I'm required to take the money out?  Is my withdrawal going to be taxed?  Does an IRA withdrawal affect my Social Security, or change the cost of Medicare Part B and D?  Very few of these (and other) questions are ever answered with any consistency online.

    Yet they're important issues.  How are you supposed to make an informed decision if the advice you're getting from one source is telling you to do the opposite of what someone else told you to do?  Knowledge is power.  Listen to this week's episode of Managing Your Financial Future and we'll help to sort it all out for you.

    • 25 min
    The 3 Questions That Every Confident Investor Should Ask

    The 3 Questions That Every Confident Investor Should Ask

    The current bull market is 11 years old as of March, 2020.  This seems to have given more than a few investors the mistaken idea that stocks will continue to climb forever.  Whenever markets are flying high, or (on the other side) when they’re sinking into oblivion, people tend to overreact and do something that they later on wished they hadn’t - often times, something irreversible. 

    If you’re about to make a risky money move, either out of fear or jubilation, there are three questions you should ask yourself first; three questions that every investor who's thinking of straying from their long-term plan should consider.  What are those questions? Find out on this week's episode of Managing Your Financial Future.

    • 26 min
    How the SECURE Act Affects You

    How the SECURE Act Affects You

    The SECURE Act, passed by Congress at the end of 2019 and effective on January 1, 2020, provides several reforms to 401(k) accounts, IRAs, college savings accounts, and more.  A couple of long-standing rules, including the age at which most people must begin taking their required minimum distributions, were amended.  These changes created both opportunities and obstacles for people who are making plans for retirement, as well as for those with legacy plans for heirs.

    What do you need to know?  What important changes were made that could directly affect you, your spouse, and your ultimate heirs?  Find out on this week's episode of Managing Your Financial Future.

    • 26 min
    A Tax Strategy You Never Knew Existed

    A Tax Strategy You Never Knew Existed

    A few episodes back, we talked about the benefits of charitable giving for both the recipient of the gift and the giver.  The one who receives the gift gets the benefit of the gift itself.  The one who gives the gift may be entitled to (among other things) a tax benefit for their generosity.  

    Some people, though, for a variety of reasons, aren't able to deduct what they give to charity -- at least not directly. How can someone who doesn't qualify for a charitable tax deduction potentially receive a "de facto" deduction for their donations anyway?  And how can this strategy potentially limit other taxes they may have otherwise paid?

    Find out on this week's episode of Managing Your Financial Future.

    • 22 min
    Killing Your Fear of Running Out of Money

    Killing Your Fear of Running Out of Money

    Fear does strange things to people.  It can motivate us to take immediate action when a threat is imminent, or it can cause us to retreat, cover up the issue, and hope it will go away. 

    Retirees have many financial concerns. But their biggest one -- the one that can be connected to all of the others -- is running out of money.  This fear often causes them to either be frugal to a point beyond reason, or to ignore their finances completely and just pray it all works out.

    Neither option is ideal.  What if we told you that just by using a few simple planning techniques, you may be able to lose those fears for good?  You may have a lot less to fear in retirement.  Find out more on this week's episode of Managing Your Financial Future.

    • 23 min
    Helping Yourself Through Charitable Giving

    Helping Yourself Through Charitable Giving

    Most people at some time or another want to be charitable.  Part of human nature tells us we should give to those in need -- that we have a kind of social obligation to allow others to have something that they could otherwise only dream of.  This is why being charitable often gives us a nice, warm feeling.

    That's the emotional side of giving.  On the practical side, there can be financial rewards and incentives that go along with it too; tax breaks, in particular.  But who gets those tax breaks?  Can anyone who donates money write off that donation?  There's a gift tax - but who, if anyone, pays it?  Are there ways to give later but get the tax breaks now?

    All good questions.  Get the answers on this week's episode of Managing Your Financial Future.

    • 21 min

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