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The key to successful investing isn’t predicting the future, it’s learning from the past and understanding the present. In Principles, we present seven time-tested strategies for guiding investors and their portfolios through challenging markets and toward tomorrow's goals.

The Ray Lucia Show: 04/24/2017 hour 2

Principles for successful long-term investing The key to successful investing isn't predicting the future, it's learning from the past and understanding the present. In Principles, we present seven time-tested strategies for guiding investors and their portfolios through challenging markets and toward tomorrow's goals.

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It’s real easy to accumulate multiple credit cards and the more you carry, the bigger risk your run of damaging your credit. Ray Lucia provides a few tips on how you can better manage your credit card risk.

Frustrated with the investment options in your company sponsored 401(k) plan? You might be able to rollover all or some of your or all of your 401(k) plan to a self-directed IRA and open up your retirement account to the possibility to outside investments.

College Savings 529 plans are typically opened by parents or grandparents to help save for a child’s education in the future. However, according to a recent study by Wall Street Journal, some pre-retirees are including 529 plans in their retirement planning.

When you retire, one of your biggest decisions you may make is to take a monthly pension from your employer or take a lump sum that you can invest yourself. Before making a decision, Ray Lucia has a few items you may want to consider first.

Are you living paycheck to paycheck? According to a recent survey by AC Nielsen, you’re not the only one. Ray Lucia provides some simple tips to help you increase your savings. A little can go a long way.

To stay informed and fight identity theft, you should get a copy of your credit report at least once a year. Under the federal fair credit reporting act, everyone is entitled to a free report.

If you’re like most Americans you have a percentage of your pay taken out of each pay period which is sent to the IRS where it is credited for your final tax payment. See why matching your tax payments to your actual tax liabilities can make a big difference in your take-home pay.

Sometimes the simple things we do — or don’t do — today, can have repercussions decades from now. In the case of what to do with your old tax returns, the best thing you can do is nothing. Keep them. Forever. Instead of trashing those old 1040s after the six years the IRS recommends, just let them gather dust in a box in your garage. You may need to access those records many years from now. You may have heard the recent case of a man who was told by the Social Security Administration that he didn’t have enough time of service to qualify for retirement benefits. It was a clerical error on the administration’s part. The man had been working since he was in his teens, clearly qualified for benefits, yet didn&rs...

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Baby Boomers are often called “the sandwich generation” – sandwiched between caring for their parents as well as for their own kids.

If that describes you, one of your greatest challenges – both emotionally and financially – is to make sure your folks are prepared for their later years.

First you must find out if your parents have adequate medical insurance, long-term care insurance, or enough money to cover nursing home care. Do they have a will as well as durable powers of attorney, living trusts, living wills, or other medical directives? And have they budgeted enough so they won’t outlive their income?

That discussion, while emotionally painful, is critically important. Most parents, of course, don...

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