Staying Financially Healthy

There’s a lot of talk these days, understandably so, about health. This is extremely important, and following proper guidelines may help save your life. But besides personal health, it’s also important to make sure you’re financially healthy as well. Thus, it’s a good idea to do a checkup every so often to assess where you are right now, and decide if you’re prepared for any potential roadblocks that may occur.

So where does financial health start? It begins with the simple things: an emergency fund, one that may cover your basic expenses in case your income is slowed or stops. But there’s more to it. What about debts? Are you taking advantage of any employer matches in your company retirement plan? Have your goals changed in the past few years? If so, are you still set up to get to where you want to be?

In this week’s edition of LCG Weekly, chairman and CEO Ray Lucia Jr. talks with our advisor in the Pacific northwest, Chris Panagiotu, CFP®, about how to do your own financial health check-up. They talk about starting simple, and then moving up from there as needed. You never know when the worst may hit, so the best thing you can do is be prepared. Check out this week’s video to find out more!

Important Information

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy (including the investments purchased and/or investment strategies devised by Lucia Capital Group (“LCG”)) will be either suitable or profitable for a client's or prospective client's portfolio, thus, investments may result in a loss of principal. Accordingly, no client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from LCG or from any other investment professional.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

Examples cited are hypothetical, are for illustrative purposes only, are not guaranteed and subject to potential federal and state law amendments. There is no guarantee that you will achieve the results discussed or illustrated.

Raymond J. Lucia Jr. is chairman of Lucia Capital Group (LCG), a registered investment advisor and CEO of its affiliated broker-dealer, Lucia Securities, LLC (LSL), member FINRA/SIPC. Christopher Panagiotu offers advisory services through LCG and is a registered representative of and offers securities through LSL. Registration with the SEC does not imply a certain level of skill or training. Benjamin Graham and Warren Buffet are not affiliated with LCG or any of its subsidiaries.

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