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

Are Cash Value Life Policies Really as Good (or as Bad) as You’ve Heard?- Season 4: Episode 3

November 17, 2020

Life insurance appears to be a fairly easy topic to understand. You pay your premiums to the insurance company, and if you die within the specified period of time, your beneficiaries receive the death benefit proceeds of the policy. If you outlive the policy, no death benefit is paid. But that’s just one element of life insurance. Another type is the often-misunderstood (and sometimes mis-sold) cash value policy — and here’s where things can get complicated. And here’s where “Professor” Rick Plum, CFP® may be able to help you understand. Cash value life insurance isn’t for everyone, but for some individuals, it may indeed be exactly what they need to reach their goals. Who should consider cash-value life insurance, and who should stay away? And how do these policies work?

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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.

Available Episodes

Managing Your Financial Future

Are Cash Value Life Policies Really as Good (or as Bad) as You’ve Heard?- Season 4: Episode 3

November 17, 2020

Managing Your Financial Future

What Are Your Options with a Roth IRA?- Season 4: Episode 2

November 10, 2020

Back in 1998, Congress created one of its most popular tax-incentives in recent history – the Roth IRA. Since then, we’ve seen various changes to Roths, including who may contribute, how much they may contribute, and who is allowed to convert pre-tax IRA money into the Roth world. Because of its popularity, though, the Roth is sometimes improperly used by both investors and by those who give financial advice. While the tax-free withdrawals of a Roth are often attractive, those same tax benefits may also cause someone to put their money into a Roth when there are potentially better options for them. So how does a Roth IRA work? Who should consider contributing, or maybe converting?

Managing Your Financial Future

Is There a Solution to the Pension Dilemma?- Season 4: Episode 1

November 3, 2020

If you happen to be one of those people with a traditional pension plan, there’s one important piece of information you should know about: unless your spouse elects to sign a waiver that allows otherwise, your pension benefits will be paid out to the both of you in the form of what’s called a “qualified joint and survivor annuity.” In other words, you’ll receive a reduced amount during your lifetime, so that your spouse will continue to get at least 50% of that amount if you happen to die first. But if you both elect instead to receive the higher single-life annuity payment, the payments (while significantly higher) would stop at your death and not continue for the surviving spouse. This can be something of a dilemma for people who would want the higher payments, but are reluctant to lose that income if the pension owner doesn’t outlive the spouse. There is a potential solution to this problem, though. Could you perhaps have both the larger payments AND provide an income for your surviving spouse?

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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

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