Planning for Retirement When It’s Still 15-20 Years Away- Season 6: Episode 4

When you’re only a few years away from retirement, figuring out your basics — income needs, expenses, activities — is usually fairly easy.   In many cases, your current basics will be relatively close to those you’ll require once you’ve stopped working.

But how do you plan for all of that when you’re much farther out from retirement – say, 15 to 20 years, or more?  How are you supposed to make plans when you really have no realistic idea of what those income needs, expenses and activities will be?

On this week’s episode of Managing Your Financial Future, podcast host Johnny Dean speaks with “Professor” Rick Plum, CFP® about how a professional advisor works toward achieving goals that haven’t yet been established.  Planning for the distant future: tune in, and 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.

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.

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 Lucia Capital Group or from any other investment professional.

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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