Managing Your Financial Future

A podcast all about financial strategies, and making it easier for you to understand what you need to know. Subscribe and start listening today!

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More About Managing Your Financial Future with Lucia Capital Group

Managing Your Financial Future is all about financial strategies, and making it easier for you to understand what you need to know. We discuss the things that matter most to you: how to manage your taxes, potentially create guaranteed income in retirement, how to maximize your Social Security benefits, and – perhaps most importantly – taking the fear out of finance.

Managing Your Financial Future

Never Say Never, and Always Avoid Always!- Season 3: Episode 8

August 18, 2020

If you’ve ever read an article about finance or listened to a financial podcast (other than this one), you probably heard someone say that you should “never” buy a certain financial product. Or, conversely, you’ve heard that “everyone should buy XYZ financial product, no matter who they are!” These are both plainly wrong, on so many levels. The real truth is that everyone’s needs and goals are different; where one financial tool may work very well for a certain individual, it’s likely that exact same product is completely wrong for another person. That’s why it’s important to be financially knowledgeable about what someone is recommending you should have – or shouldn’t have – in your portfolio.

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The information provided is based on current laws, which are subject to change at any time. Lucia Capital Group is not affiliated with or endorsed by the Social Security Administration or any government agency. Social Security rules can be complex. For more information about Social Security benefits, visit the SSA website at www.ssa.gov, or call (800) 772-1213 to speak with an SSA representative.

A few weeks back, we offered a strategy for people who want to pay off their mortgage in, say, 15 years, but don’t like the idea of making the higher principal payments that are required of a 15-year loan. Following up on that topic, we received an email asking about whether paying off the mortgage is really nothing more than a cash-flow issue. Is it? Or are there other things to consider?

Managing Your Financial Future

What’s My Stock Allocation in Retirement? – Season 3: Episode 6

August 5, 2020

Retirement income calculators are everywhere online. What’s more, they’re fairly simple in nature: plug in some current income and savings, expected rate of return, an inflation factor, and eventually it’ll spit back a number that you should aim to have in your portfolio that’s supposed to give you the income you need. The trouble is – they’re often way off the mark. They may tell you that if you need, say, $100,000 of income to retire at age 65, then that number will rise to perhaps $230,000 or more by the time you’re age 95 because of the inflation factor. But from our experience, this just isn’t practical in the real world. As retirement goes on, spending (and income needs) tend to go down over those years – not up.

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Meet the Show Hosts

The Team from Lucia Capital Group

Ray Lucia Jr., CPA/PFS
Chairman and CEO

As the chairman of Lucia Capital Group, Ray Lucia Jr. is responsible for overseeing the firm’s financial strategy, product design, and overall vision. He prides himself on providing a work environment that fosters growth and opportunity within a family-oriented culture, and he has dedicated his professional career to creating innovative products and services with the end goal of exceeding client expectations. Read More

Joe P. Lucia
President

As president of Lucia Capital Group, Joe P. Lucia is responsible for the ultimate satisfaction of the firm’s financial planning and investment management clients. As an experienced member of the executive management team, Joe is a key contributor to the overall strategic business direction of Lucia Capital Group. Read More

Rick Plum, CFP® <br />Chief Financial Planning Officer

Rick Plum, CFP®
Chief Financial Planning Officer

As the firm’s chief financial planning officer, Rick is responsible for oversight and guidance of the firm’s wealth services. In this role, Rick is an invaluable resource to our wealth management team, advising on asset allocation strategies and helping clients design sophisticated financial, tax, and estate planning solutions. Read More

John Dean <br />Director of Creative Content

John Dean
Director of Creative Content

Johnny Dean has worked in radio/TV/media production since 1983. He has also worked in the financial services industry as radio show host, TV show host, and content creator since early 2000. Combining his 20-plus years in financial services with his 35-plus years in radio/TV has allowed him to pursue two of his passions at the same time: media and money.

Managing Your Financial Future

Podcast

More About Managing Your Financial Future with Lucia Capital Group

Never Say Never, and Always Avoid Always!- Season 3: Episode 8

Available Episodes

Never Say Never, and Always Avoid Always!- Season 3: Episode 8

Paying Off your Mortgage: Good idea, or Bad? – Season 3: Episode 7

What’s My Stock Allocation in Retirement? – Season 3: Episode 6