The Dual-Income Dilemma
Once upon a time in America, a married couple could afford to have one spouse stay at home and take care of domestic responsibilities while the other spouse went out and earned the income. And while that scenario does still exist today, it’s far less common than it was 30 or 40 years ago.
It would seem plausible that having two incomes instead of one would make a family more financially secure. This is true, but only to an extent – especially for affluent households. In fact, having two working spouses may in some cases have an adverse effect on a family’s financial situation.
Are two incomes really better than one? Our Chief Financial Planning Officer, “Professor” Rick Plum, CFP®, tackles this question on today’s edition of Lucia Capital Group Weekly!
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.
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.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.
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