The David Lukas Show: Recent Episodes
David Lukas
The traditional financial world has instilled in most Americans that the only way to wealth is through doing what they tell you. The major problem here is that, many times, they do not take their own advice and, even more often, their bosses do not follow that advice. Much of the conventional financial world is smoke and mirrors, designed to give you the impression that your money will “work for you” when the reality is that over time, this hasn’t come to pass.
If what you thought to true about your money turned out not to be, when would you want to know? It’s Your Money, Your Freedom and Your Future! Tune into The David Lukas Show!
The show has featured interviews with experts who have regularly appeared on other major media outlets such as Fox News and CNN. The David Lukas Show airs locally Saturdays at 12pm on KARN News Radio 102.9FM (Central Arkansas).
Taxes. Social Security. Risk. Income. Medicare.
There are several critical decisions you need to make before you can think about retiring.
And since this is something you’ve never done before, you want to be sure you don’t overlook
or underestimate anything.
Tax increases, stubborn inflation, skyrocketing healthcare costs… And Social Security’s running
out of money. It’s no wonder America’s retirement system just got downgraded. How will it
impact your retirement? And importantly, what can you do about it?
It’s called the dangerous decade of retirement planning. It’s the five years leading up to
retirement… and the first five years of retirement. This is when you’ll be faced with critical
decisions that could have long-term financial consequences for your nest egg. Don’t miss a
special edition of The David Lukas Show
Uncle Sam can’t wait for you to turn 73!
Why? Because this is when the government forces you to start withdrawing money from your IRA and 401K.
These are called required minimum distributions. And they could trigger a domino effect of stiff penalties, higher taxes and double your Medicare premiums.
Learn how you could avoid 5 critical RMD mistakes … on a special episode of The David Lukas Show.
The next generation of retirees face a new set of challenges that could threaten their financial security. Find out what they are on this episode of the David Lucas show.
How much do you really know about filing for your Social Security benefits? Test your knowledge on a special edition of the David Lukas Show.
It's called the dangerous decade and it could have significant long term consequences for your nest egg. Don't miss part two of The Dangerous Decade on this episode of the David Lukas Show.
It's called the dangerous decade of retirement planning and it could have significant long term consequences for your nest egg. Don't miss this important episode of The David Lucas Show.
It's the number one threat to your retirement savings today, and nobody's talking about it. Find out what it is on a special edition of the David Lucas Show
Do you think you could pass a basic quiz about planning for retirement? You might be surprised to learn that only 33% of Americans got a passing grade in a recent study. You can just put your knowledge to the test. Take the Ultimate Retirement Planning Quiz on The David Lukas Show
Did you know you have more control over how much you pay in taxes in retirement … than at any other time of your life? It’s true! And if you take advantage of some simple tax planning strategies now … you could save hundreds of thousands of dollars. Don’t miss a special edition of The David Lukas Show
How much will your expenses be in retirement? With soaring inflation... Increasing longevity rates... The potential of higher future taxes...
And the skyrocketing cost of healthcare and long-term care... Your expenses could be a lot higher than you realize! Discover 5 often-overlooked expenses that could blind side you in retirement...
Between stubborn inflation, a falling stock market and a looming recession… There’s no shortage of headwinds to grow your nest egg in the New Year! Learn five specific ways you could protect and grow your retirement savings in 20-23.
What is your strategy for withdrawing money from your nest egg in retirement?
Which account should you tap first? And how much can you safely withdraw every year without running through your entire life savings too soon?
Withdrawing money in retirement is far more complicated than most people understand.
We covered this topic in the past, but there's more you need to new with a recently released study.
Tune in, Listen and Learn...
The last thing you need when you're retired is to get blindsided by some big financial surprise.
And unfortunately, it happens all the time. Learn how to avoid seven retirement blind spots that could cost you a fortune. Don's Miss the David Lukas Show
Why are Americans rushing to take advantage of tax planning today? Because they know higher taxes could be just around the corner. Don’t miss The David Lukas Show!
What is your strategy to withdraw money from your nest egg in retirement?
Which account should you tap first? And how much can you safely withdraw every year without running through your entire life savings too soon?
Withdrawing money in retirement is far more complicated than most people understand.
Don't miss the David Lukas show.
If you hope to retire in the next five years…
There’s an important question you need to ask yourself...
What should you do with your money and investments today…
That could help ensure you retire successfully tomorrow?
Learn 5 boxes you must check before you can even begin to think about retirement…
Tune into The David Lukas Show
How much money have you saved in your IRA or 401K?
Making contributions to one of these tax-deferred retirement accounts … is the easy part.
But withdrawing this money in retirement gets complicated.
This is where you can make critical mistakes … that could cost you a fortune.
Learn 5 ways you could squeeze more money out of your IRA and 401K…
On The David Lukas Show
According to a recent story in the Wall Street Journal …
“Teenage babysitters are getting $30 an hour now … because they can!”
But inflation isn’t just driving up the hourly cost of babysitters.
It’s driving up the cost of everything.
How could sustained inflation impact your retirement?
Tune into The David Lukas Show
How much lower will the market go?
And how long could it last?
You don’t have control over what’s next for the stock market.
But you DO have control over how you position and protect your savings and investments.
Don’t miss a special edition of The Davis Lukas Show
You may know how much money you’ve saved for retirement ...
But do you know how this money will get taxed when you retire?
Not all retirement income is treated equally …
Because different sources of income could be taxed more than others.
Learn how your retirement savings could get taxed...
On a special edition of The David Lukas Show
Our Country has just surpassed $30 Trillion in debt, Higher taxes could be just around the corner. Inflation is sky-high. The Fed is about to raise interest rates and tighten its monetary policy. And stock market volatility is back. Learn 5-Simple and actionable ways to reboot your retirement game plan in 2022 On The David Lukas Show.
What are the investing lessons from previous stock market corrections? How could you avoid the costly mistakes … that others have made?
And what are the investing opportunities in the turbulence?
Get the answers to these questions and more … that could help you avoid making a critical financial mistake! Don’t miss a special edition of The David Lukas Show
Are you retired or nearing retirement? Are you concerned that recent government spending could trigger higher taxes for you and your retirement accounts. Unfortunately you're not alone. The good news is there are some things you can do now... That could protect your hard-earned savings. Learn what these strategies are on a special edition of The David Lukas Show...
Filing for your social security benefits is more complicated than most people realize.
And if you don’t get it exactly right, it could cost you hundreds of thousands of dollars in lifetime income. This week on The David Lukas Show, we answer the seven most frequently asked questions about getting the most income from social security.
You’ve worked hard and saved for retirement.
But what’s your plan to reduce your taxes with your IRA and 401K?
When will you file for social security to get the most from your benefits?
And how will you turn your savings and investments into income?
Don’t overlook or underestimate a critical pillar of retirement planning …
Get the 12-Point Retirement Planning Checklist on The David Lukas Show
Do you know how much money you’ve saved in your IRA or 401K?
Do you know how much you’ll pay in taxes when you withdraw this money in retirement?
Most people under-estimate the taxes on these tax-deferred retirement accounts, leaving them with far less money in retirement!
Learn four tax traps that could rob you of your hard-earned savings …
On a special edition of The David Lukas Show
Did you know … 60% of Americans retire unexpectedly?
It’s true. But the pandemic has made this situation even worse ...
Forcing three million more people to retire in the past year.
Could you be next?
Learn what you can do NOW to prepare for the unexpected!
Don’t miss a special edition of The David Lukas Show...
The government has proposed sweeping changes with taxes, capital gains, and estate planning rules. And many of these changes could have significant consequences for your nest egg as of the New Year - if not sooner. So what can you do before the end of the year …
that could protect and grow your retirement savings? Find out on The David Lukas Show..
There’s a perfect storm of events ahead for retirees…
And this storm could prove to be a huge challenge…
even for the people who are totally prepared for retirement. Learn what this perfect storm is all about …
And how you could protect your hard-earned savings on a special edition of The David Lukas Show.
What do your IRA, 401(k), Social Security benefits, and investment income have in common?
They could all get clobbered by taxes when you retire... But it doesn't have to be this way! There are 4-tax planning mistakes that could wreck your retirement.. Find out what they are, and what you can do to protect yourself on the David Lukas show.
Do you have an IRA or 401K?
Contributing money to one of these retirement accounts is one thing.
But when you want to withdraw this money in retirement …
There’s an endless list of government rules that are seemingly designed … to trip you up.
Learn the 5 common mistakes that could leave you with a fraction of your retirement savings
Tune in to the David Lukas Show...
Our world has been turned upside down over the past 18 months.
And with all the turmoil ...
Fortunes have been won, and fortunes have been lost.
So what will the second half of 20-21 bring?
And what can you do now that could exponentially grow your retirement savings?
Don’t miss The David Lukas Show...
If you’ve noticed things are getting more expensive lately … it’s not an illusion.
Old man inflation is back. And it poses a very real threat to everyone.
And the timing couldn’t be worse … if you’re in or nearing retirement.
Find out what this new threat of inflation means for you and your retirement ...
On a special edition of The David Lukas Show
If you retired tomorrow …
Could you afford to go without a paycheck for 30, 35, or even 40 years?
That’s why it’s critical you have a plan to replace your paycheck in retirement.
Otherwise you could run through your entire life savings far too soon!
Learn how you could replace your paycheck in retirement … on The David Lukas Show
Do you hope to retire soon?
According to Warren Buffett … It’s important to learn from your mistakes.
But it’s even better … to learn from other people’s mistakes!
Learn how you could avoid 7 common retirement planning mistakes you can’t afford to make. Don’t miss a special edition of The David Lukas Show
In a study featured in USA TODAY … 60% of Americans …
60% … said they retired unexpectedly.
If you were forced to retire today … would you be ready?
Learn four things you can do now … that could help you prepare for anything that comes your way!
Don’t miss a special edition of The David Lukas Show
If you Google “planning for retirement” …
There are 289 million different articles, blogs, and videos about planning for retirement.
Unfortunately, most of this advice is dated, misleading, or just flat out wrong.
And it wouldn’t stand a chance against the challenges you’ll face in retirement today!
Learn 5 of the most common retirement planning myths …
On a special edition of The David Lukas Show
Turning 72 may not be a big deal for you.
But it will be for the IRS.
This is the year when Required Minimum Distributions kick in …
And you’ll be forced to start withdrawing money from your IRA and 401K ...
To ensure Uncle Sam finally gets his cut.
And the financial consequences … could be more than you know!
Don’t miss The David Lukas Show
Did you know you get taxed ... On as much as 85% of your social security benefits? It's true. But this is just one of many social security surprises ... That could leave you with a fraction of your benefits. If you're within 5 years of filing for social security ... Don't miss a special edition of The David Lukas Financial
You may know how much money you’ve saved for retirement ...
But do you know how this money will get taxed … when you retire?
Not all retirement income is treated equally …
Because different sources of income could get taxed higher than others.
Learn how your retirement savings could get taxed in retirement ...
On a special edition of The David Lukas Show
80 years old.
Full of life.
And flat broke.
That’s the unfortunate predicament so many baby boomers could find themselves in …
Because they simply failed to have a plan … to generate income in retirement.
Learn how you could successfully turn your savings and investments into an income workhorse.
Tune is this week to The David Lukas show...
Warren Buffett - the most successful investor of our time ...
Recently said that retirees who count on fixed income … “face a bleak future.”
It’s because the returns on CD’s, savings accounts and bonds … are pathetically low.
And it doesn’t look like it’s going to improve anytime soon.
Discover your options to generate income in retirement today on The David Lukas Show
Did you know ...
You could pay as much as $187,945 in TAXES on your social security benefits?
Unfortunately, it’s true!
And this is just one of the many trap doors with filing for your benefits!
Don’t miss the ultimate guide to filing for social security ...
The threat of massive tax increases ...
A stock market at record highs ...
Interest rates at record lows …
Changes with social security and RMD’s ...
These are just a few of the reasons why planning for retirement …
Has been turned on its head.
Discover 4 critical steps you must take today that could help you retire successfully tomorrow on The David Lukas Show
When you retire … you’ll likely end up in one of two camps.
Either you don’t have a plan to generate income in retirement ...
And you’ll be living in constant fear of running out of money and watching every nickel ...
Or you’ll have a plan …
And you can afford things you wanted to do.
The question is … Which one are you going to be?
Massive tax increases could be just around the corner. And if you are nearing retirement... This could take a huge chunk of your IRA, 401k, and other tax-deferred retirement accounts. Discover the little-known strategies that could help you save a fortune in taxes when you retire! Don't miss a special edition of The David Lukas Show
Just because 20-20 is in the rearview mirror …
Doesn’t mean you can breathe a sigh of relief.
The events from last year will have a lasting impact on the way we invest and plan for retirement … for many years to come.
And it’s very possible we could see even greater hurdles … in the New Year.
Learn 7 ways you could exponentially grow your wealth in 20-21 on The David Lukas Show
Today, record low-interest rates make it impossible to generate income from CDs and savings accounts.
Healthcare and medical expenses are going through the roof.
And the threat of higher taxes could destroy your retirement savings.
Learn 6 ways planning for retirement … has been turned on its head!
Don’t miss a special edition of The David Lukas Show
We’re living longer than ever before.
That may sound like great news on the surface …
But living longer doesn’t come cheap …
And those who are underprepared … could easily outlive their savings … Learn how you could make your savings last longer on The David Lukas Show
For this next generation of retirees …
Taxes will likely play a bigger role in retirement … than any previous generation.
And if you don’t take proactive steps now to protect your nest egg ...
You could lose a big chunk of your retirement savings to the IRS.
Find out what you can do now to reduce or eliminate these taxes on ...
Tune into The David Lukas Show.....
Research shows that 96% of Americans claim their benefits at the wrong time …
And it costs them an average of $111,000.
So how do you ensure you wring every nickel out of your benefits?
There are 7 critical questions you MUST answer BEFORE you file for social security … that could optimize your benefits.
Don’t miss a special edition of The David Lukas Show
Most Americans will be distracted by the pandemic and the Presidential election.
And they’ll pay little attention … to their money and investments.
But some people will use this time to take advantage of 7 year-end financial planning tips …
That could put a lot more money in their pocket … for retirement!
Learn what they are on The David Lukas Show.
You only want to retire one time.
And since this is something you’ve never done before …
You need to be 100% certain you haven’t overlooked or underestimated anything.
Otherwise, you could be forced to go back to work …
Or end up clipping coupons for the rest of your life.
Get the ultimate 12-point retirement checklist on The David Lukas Show...
Have you been a good saver?
According to a recent study featured in Barron’s …
“Even the most diligent savers … are at risk of NOT having enough money in retirement.”
And it’s due to the increasing costs for housing, healthcare, long-term care and more.
Learn 6 commonly overlooked expenses … that could blindside you in retirement
Would you like to retire in the next 5 years?
You may not realize it …
But you could be a lot less prepared than you know.
And the financial consequences of not being prepared …
Don’t miss a 4-Step Action Plan that could help you make your dream … a reality happen
When it comes to planning for retirement …
Many people still rely on conventional wisdom from decades ago.
Not only is this so-called wisdom outdated ...
But it won’t stand a chance against the challenges you’ll face in the coming years.
Learn what these 5 pieces of conventional wisdom are …
And what it takes to retire successfully today.
The Presidential election is less than 60 days away.
And you have to be wondering …
How will this election …
Impact your money, your investments, and your retirement?
Get the strategies that could help “election-proof” your portfolio … no matter who becomes our next President.
Don’t miss a special edition of The David Lukas Show
Recently “The Street” described this year as “the equivalent of a root canal.”
And we’re only halfway through it.
There are 4 daunting challenges for the second half of 20-20 …
That could have even more significant financial consequences for your nest egg.
Make sure you play your cards right!
Opening an IRA or participating in a 401K is pretty straightforward.
You fill out some forms ...
Pick your investments ...
And make automatic contributions.
There’s nothing complicated about that, right?
Unfortunately, there’s a lot more to these retirement accounts ... than most people realize.
Learn 5 common mistakes with your IRA and 401K … that could derail your retirement.
The pandemic has made generating safe and dependable income in retirement …
More challenging than ever before.
Without a strategy to safely put your money to work …
It could be a recipe to run through your entire life savings …
Far too soon.
Learn 5 simple income strategies that could help you avoid from going broke in retirement.
Don’t miss The David Lukas Show!
Every year millions of Americans overlook, or underestimate a major expense in retirement.
And by the time it hits them, it’s too late to do anything about it.
So, they’re forced to make a tough decision …
Severely cut back on their lifestyle, or start looking for a job … just so they make ends meet.
Learn 6 often overlooked expenses in retirement that could decimate your savings
What if you forgot about the whole idea of retirement?
What if you stopped thinking about it as some sort of finish line.. Or that it happened at a certain age or date? Instead, what if you focused on becoming financially independent? Learn 5 proven steps that could help you achieve financial independence. Don't miss this week's Independence Day Special of The David Lukas Show
If I asked you how much money you’ve saved for retirement ...
You’d probably know the answer off the top of your head, right?
But if I asked you how much you’ll pay in taxes on that money when you retire?
Most people can’t even come up with a ballpark figure.
And that’s downright dangerous.
Learn 6 tax strategies that could save you a bundle …
You've worked hard and saved for retirement.
But that doesn't mean you're ready to retire!
Get the ultimate 10-point retirement planning checklist on The David Lukas Show.
The steep losses on Wall Street is a painful reminder …
Investing in the stock market … comes with risk.
But if you're on the verge of retirement …
There are other risks … that threaten your financial security …
That nobody’s talking about.
Find out what these six overlooked risks are ...
On The David Lukas Financial show...
In a new study featured by Marketwatch, 50% of Americans say they retired unexpectedly. If you were forced to retire today... Would you be ready?
Learn 4 steps you need to take now that could help ensure you're prepared for retirement.
When you’re retired …
There will be other stock market corrections and bear markets.
And when these things happen ...
You’re really going to appreciate that social security benefits check.
Because that money comes in every month, like clockwork.
But getting your due from social security … is no walk in the park.
Learn 6 critical mistakes with claiming your social security benefits …
That could cost you a fortune!
This was the worst first quarter for the stock market in 124 years. So, if you're like most Americans. You don't even want to look at your IRA and 401(k) statements right now. It's understandable why you'd want to bury your head in the sand, but that's the worst thing you could do right now. Don't miss the ultimate guide to managing your retirement accounts this week on the David Lukas show
The Coronavirus has triggered a massive selloff on Wall Street. If you have money invested in the stock market and at or near retirement, this is a big concern.
And it's even more concerning if you're recently retired, or nearing retirement. But this is not the time to panic. It's time to go back to the basics of having a rock-solid financial game plan. Don't miss this week's show.
The coronavirus has brought the stock market to its knees.
How will you react to the selloff on Wall Street?
One thing’s for sure ...
The decisions you make now could impact your retirement savings and investments …
For decades to come!
Learn 4 common sense investing tips that could help you weather the storm
Stock market volatility is roaring back on Wall Street.
But, you can't control the coronavirus..... You can't control the price of oil.... And you can't control what will happen on Wall Street. But there is one thing you can control that could add up to a small fortune. Tune in to learn more...
There are many moving parts in retirement including, taxes, risk, social security, Medicare, IRA's, 401k's, RMD's and more. In order to navigate retirement, there are 4 critical things you MUST do now if you want to retire in the next 5 years. Tune in today!
Are you within 5 years of claiming your social security benefits?
This decision is not as simple as most people make it out to be.
It could trigger higher taxes and Medicare premiums
And cause you to forfeit thousands of dollars in spousal benefits.
Don’t miss a comprehensive guide to claiming social security
There are 4 overlooked trouble-spots with your IRA and 401K that could cost you a small fortune in retirement. Learn what they are by tuning in to this week's episode of The David Lukas Show. Tune in, listen and learn.
What do you think will be your biggest risk when you retire?
Most people think it’ll be the skyrocketing cost of health care, higher taxes, or social security going bust.
But it’s not any one of these issues!
The biggest threat facing you in retirement is “sequence of returns” risk.
And it could have a devastating impact on your nest egg.
Tune in and Learn how you could protect yourself
How do they do it?
How do the uber-wealthy get away with paying fewer taxes than everyone else?
How do they consistently keep more money in their pocket ...
While you’re shelling out thousands of dollars to Uncle Sam …
Year after year, after year?
Discover 4 tax strategies of the ultra-wealthy, that could help you save thousands of dollars in retirement.
The SECURE Act, which is now law, is being touted as a big “win” for retirees.
For some folks, it could be a financial windfal; but for others, it could totally disrupt your retirement plans!
The question is … how will it impact you?
Discover everything you need to know about the SECURE Act on this episode of The David Lukas Show!
20-19 will be one for the record books for investors.
But there are many reasons why 20-20 …
Could be a whole new ballgame.
Many of the strategies that have worked for the past 10 years … no longer apply.
Discover 4 smart money moves for 20-20 that could help grow and protect your retirement savings. Tune in today to hear David talk about 2020.
Hear David Interview David McKnight about his new documentary The Power Of Zero Movie.
The Power of Zero: The Tax Train Is Coming is a 75 minute documentary by Director Doug Orchard that takes an in-depth look at how the U.S. National Debt is setting the stage for massive tax increases within the next 10 years and how they’ll impact a retiring generation of Baby Boomers. With an all-star cast of US academic economists, fiscally concerned politicians, and the nation’s top financial advisors, this is the first major film to explore our nation’s looming debt crisis and the proactive measures Baby Boomers can take to protect their retirement plans from the crush of higher taxes.
It’s what you don’t know that could cost you a fortune in Social Security (SS) benefits. If you’re not careful, your retirement might be a fraction of what it could be and there’s nothing you can do about it. Currently, there are thousands of rules, and even more on the way, so being proactive in your planning couldn’t be important enough. Essentially, if you play your cards right, you can not only have tax-free income but you can also owe ZERO TAXES on what you collect.
This week on the David Lukas Show, our host David Lukas talks pulls back the proverbial curtain about how important it is to plan appropriately for collecting your Social Security benefits. Throughout the hour, David discusses how important it is for ALL RETIREES to know how, what, and when crucial decisions, concerning the safety of your retirement, need to be made.
David’s five things you must know about before claiming social security:
- A counter intuitive strategy for Savers that could yield thousands more in benefits
- How you can avoid being taxed up to 85% on your Social Security benefits
- How to prevent the Doubling of your Medicare premiums
- How important spousal benefits are/can be
- When and how you should collect
To hear why all of the five points mentioned above are so important, listen to the entire show today!
Forbes Article: “Social Security benefits are taxed based on your modified adjusted gross income…” CLICK HERE to read.
Want to know about The DLF Retirement Advantage™ Process? CLICK HERE! David Lukas Financial is planning its next Maximizing Your Social Security Course. You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability for upcoming October classes.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
The last bull market ended with a devastating crash in what is now called The Great Recession and Americans lost 10.2 trillion dollars in wealth. The current bull market seems to be unstoppable. Be assured, it will. When it does, how will your retirement funds fare? Will you be protected?
Nobody knows when the market’s going to reverse course. But if you’re retired or any where close to retiring, it’s critical to protect yourself before it’s too late.
This week on the David Lukas Show, our host David Lukas of David Lukas Financial talks about what the longest bull market means, in connection to you and your retirement, and how you can protect yourself in “smart money.” Throughout the hour, David discusses specific strategies that can help you insulate your principal and income in retirement through the next, inevitable, bear market.
To hear all of the important information discussed on today’s show, listen to the entire episode NOW!
*Recommended reading: The Creature From Jekyll Island, Listen to David Interview G. Edward Griffin, author of The Creature From Jekyll Island NOW!
Want to know about The DLF Retirement Advantage™ Process? CLICK HERE! -----------------------------------------------------------------------
David Lukas Financial is planning its next Maximizing Your Social Security Course. You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability for upcoming October classes.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
In recent news, the Wall Street Marketwatch and Investment News reported that “Medicare’s trust fund will be exhausted in 2026...Social Security taps into trust fund for the first time in thirty years…
and that Stock Market returns over the next decade will be well below historical norms.”
With all these negative projections, it’s hard to know what is real and what is speculation.
Unfortunately, math doesn’t lie. According to the program’s trustees, “the adverse costs of the changes happening within Medicare and hospital insurance fund spending are anticipated to be greater than last year.”
Higher costs for them mean less coverage and rising costs for you. Are you financially prepared for that?
This week on the David Lukas Show, our host David Lukas, of David Lukas Financial, talks about the uncertainties associated with the future of Medicare and Social Security.
Throughout the hour, David explains how both current and soon-to-be retirees can no longer rely on just one source of income in retirement.
Important topics discussed in today’s show:
- Why the three most important words in retirement are income, income, income
- How to navigate the critical challenges ahead with Medicare and Social Security
- Your options to generate income after retirement
To hear all of the excellent information provided in today’s show, listen to the entire episode today!
*Marketwatch article quoted: Medicare Finances Downgraded In New Report
Want to know about The DLF Retirement Advantage™ Process? CLICK HERE! ----------------------------------------------------------------------
David Lukas Financial is planning its next Maximizing Your Social Security Course. You can call get on the waiting list at DavidLukasFinancial.com
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Forty percent of Americans are at risk of going BROKE in retirement. Why is that? The biggest culprit will be their failure in turning their retirement and savings funds into guaranteed income earning workhorses for their golden years.
Consequently, where so many retirees have diligently prepared for retirement, so few have an actual gameplan to see them safely through. No doubt, they’ve worked hard, saved and sacrificed as much as any to leave their nine-to-five (or, for most, eight-to-six) for something much, much better. But ultimately, in the end, what most need to be worried about is whether they’ll be able stay work free indefinitely or whether they’ll have to go back because funds are running out.
This week on the David Lukas Show, David Lukas, of David Lukas Financial, talks about how important it is to plan for your retirement and the future it has the potential to provide. Throughout the hour David runs through all the options you—as a retiree or future retiree—have to resign from the working world responsibly and worry free.
What you’ll learn in today’s show:
- Why is an income gameplan so important…
- What is going to be taxed and how important it is to know what you will pay
- How successful retirees are winning the income game and laughing all the way to the bank
- Ways to generate income after retirement
- Why you may live longer than you think & how you’ll be able to pay for
- The one way to avoid getting short-changed by your Social Security benefits…
Want to hear more on how NOT GO BROKE in retirement? Listen to the entire episode today!
Want to know about The DLF Retirement Advantage™ Process? CLICK HERE! --------------------------------------------------------------
David Lukas Financial is planning its next Maximizing Your Social Security Course. You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability for upcoming October classes.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Are you considering retirement within the next five years? If so, you already know that the clock is ticking. Hopefully, you’re on the right track and planning as you should. Unfortunately, what so many soon-to-be retirees aren’t planning is all the careful calculating and financial preparation it takes to retire strategically.
This week on the David Lukas Show, our host David of David Lukas Financial talks about how too many people are risking more than they should or are comfortable with. Throughout the hour explains how following the five critical steps, listed below, can help safeguard your hard earned retirement funds and future happiness.
David’s Five Critical Steps everyone should be taking before retiring:
- Know the tax efficient strategies that could help you save thousands of dollars in retirement
- How to claim your Social Security and avoid catastrophe
- Implement the successful strategies to generate income, after retirement, while minimizing your financial risk
- Take your RMDs (Required Minimum Distributions) as you should
- Don’t leave any benefits owed to you by Social Security behind
Interested in hearing David discuss all the important information above? Listen to the entire show today!
Want to know about The DLF Retirement Advantage™ Process? CLICK HERE! ----------------------------------------------------------------- David Lukas Financial is planning its next Maximizing Your Social Security Course. You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability for upcoming October classes. ----------------------------------------------------------------- The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
----------------------------------------------------------------- Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Did you know that the total out of pocket spending for the average Sixty Five year old couple for healthcare in retirement could now surpass $400,000 when you factor in both Medicare and supplemental insurance premiums, copays, and deductibles? Sounds crazy, right? What’s even crazier is that’s just the “average couple.” Unfortunately, that amount doesn’t account for any particular health issues that may already exist or, for that matter, any issues that may occur in the future. Simply saving for healthcare is a great start but it’s what you do with that money that really makes a difference.
This week on the David Lukas Show our host David Lukas, of David Lukas Financial, talks about how expensive healthcare can be in retirement. Throughout the hour, David discusses how a buttoned up financial gameplan is the key to absorbing the sticker shock of the ever rising cost of healthcare expenses.
Top items explained in today’s show:
- What you can expect to pay for healthcare in retirement
- Why you should be concerned about Long Term Care
- How you can avoid getting gouged by Medicare premiums
- How longevity—if you’re experiencing prolonged health issues—can make matters even worse
To hear all the excellent information from David gives regarding healthcare after retirement, listen to the entire episode today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Want to know more about how David Lukas Financial can save you money on unnecessary taxes, fees, and medical expenses? Call David Lukas Financial, (501) 218-8880, today to learn more about The DLF Retirement Advantage™ Process.
David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Baby Boomers are said to inherit 11.6 trillion dollars from the world's greatest generation. That being said, it’s also been reported that one in three people who receive an inheritance will go broke in two years or less. What many of these hopeful inheritors aren’t anticipating is how much of a game changer an unexpected windfall of cash can be, when it comes to both planning and funding their retirement. In fact, most inheritors don’t understand that when they do receive a substantial inheritance, that’s when the hard work begins. In other words, planning what to do with that money becomes more important than ever.
This week on the David Lukas Show, David covers the uncomfortable topic of inheritance and how one specific generation (that’s you Baby Boomers) may be teeing up for great loss after such a substantial gain. Throughout the hour, David explains what you should and, even more specifically, what you shouldn't do when you suddenly come into some money.
Specific topics discussed in today’s show:
-The first two critical things you should do upon receiving an inheritance
-The secret to managing pre-tax retirement accounts vs. other savings and investments
-The one tax you should never have to pay on an inheritance
-Lastly, how you could avoid other trap doors that could cause you to lose it all
To hear all the excellent information from David Lukas of David Lukas Financial has regarding what to do when you receive an inheritance, listen to the entire episode today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial,
(501) 218-8880, today to learn more about The DLF Retirement Advantage™ Process, David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Too many unknowing Americans are putting too much of their retirement hopes, dreams, and funds right into the government’s clutches. One simple misstep could cost them thousands. The key is to plan well in advance before withdrawing. According to Forbes, “some taxpayers over seventy-and-a-half can find themselves subject to a fifty five percent marginal income tax rate due to a combination of RMD income, social security benefits, and capital gains.” This week, on the David Lukas Show, David discusses just how important it is to know exactly what your 401k(s) will and won’t be doing for you once you retire.
Throughout the hour, David elaborates upon the specific entities that we, as potential retirees, can rely on. This includes entities such as: navigating withdrawals, estate planning, RMDs, predicting Wall Street, and what you can expect from CPAs and financial advisors.
Main points touched on in today’s show:
The five most common ways you can crater your 401k
- Implement intelligent strategies that can help you pay fewer taxes on your 401k
- Know the critical role RMDs (Required Minimum Distributions) play in retirement
- Put a stop to hidden fees and expenses
- Learn why your 401k and other retirement accounts need to be treated differently in your estate plan
- By diversifying the ways you pay taxes on retirement funds
*This installment of the David Lukas Show is filled with great information and tips on how you too can pay less taxes in retirement, entire episode here online today! You won’t be sorry that you did!
Want to know about The DLF Retirement Advantage™ Process? CLICK HERE! -------------------------------------------------------------------
David Lukas Financial is planning its next Maximizing Your Social Security Course. You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability for upcoming October classes.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
If you were instantly financially responsible for your aging spouse’s or parent‘s healthcare, would you be prepared to do so? The cost of Long-Term Care (LTC) is rising fast and so are the premiums. In some unfortunate cases, LTC premium prices have doubled in the last two years prompting some policy holders to make difficult decisions when it comes to out of pocket payouts for coverage. Recent statistics state that “a private room in a nursing home now costs consumers more than $8,000 a month. That’s an increase of 5.5% from just a year ago.” A recent Investment News article states that there are three letters that spark fear into all retirees, LTC. And, according to Forbes.com, “Nearly 70% of all people that live to the age of 65 will need some type of Long-Term Care.”
This week on the David Lukas Show David takes on the uncomfortable subject of elderly spouses and parents who currently require or may need some type of Long-Term healthcare. Throughout the hour David talks about how, if not financially prepared, life longevity can create a negative snowball affect not only on your retirement but also to the legacy you may be planning to leave behind.
Talking points discussed in today’s show:
-long-term care IS NOT covered by Medicare
-longevity planning plays a critical role for your retirement
-What to do when an elderly spouse or parent suffers from cognitive decline
-What happens when there’s an alzheimer's diagnosis
-What are some possible warning signs of elder abuse and fraud
Also mentioned:
Forbes Articles discussed on the show:
#1 Relying Only On A Will
#2 Expecting Too Much From A Power Of Attorney
#3 Not Avoiding Probate
#4 Not Making Full Use Of A Living Trust
#5 Leaving Assets Outright To Adult Children
#6 Losing The Portability Of A Spouse's Unused Exemption
#7 Leaving A Messy Estate
To hear all the excellent information from David Lukas of David Lukas Financial has regarding caring for your aging spouse or parent , listen to the entire episode today.
COMING SOON! FINANCIAL ADVANTAGE UNIVERSITY:
Medicare Training Courses, via David Lukas Financial, led by our healthcare benefits specialist coming September 20th and the 21st. (*Dates may be subject to change) CALL (501) 218-8880 today to learn more.
To hear all the excellent information from David Lukas of David Lukas Financial has regarding your retirement, listen to the entire episode today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Want to know more —call David Lukas Financial,
(501) 218-8880, today to learn more about The DLF Retirement Advantage™ Process, David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Everyday you’re being force-fed investment advice from all directions. Advice— good or bad—that if taken or not completely understood could derail your entire retirement. So when it comes to tips and advice on retirement planning how do you know what’s right and what’s wrong? How can you be certain that the plan you’ve put in place is what’s best for your financial future?
This week on the David Lukas Show, our host David Lukas talks about seven specific assumptions concerning your retirement and how, if taken for granted or misunderstood, they can not only cost you thousands when claiming your Social Security but can also cause you to overpay the IRS thousands.
Throughout the hour, David dispels some of the common assumptions and misunderstandings concerning retirement in today’s seemingly volatile market...like:
- Exspecting Medicare will cover all of your healthcare needs
- Believing the 4% rule is a good one and isn’t extremely risky
- Assuming you’ll pay less in taxes when you retire
- Thinking Exposure to stocks should be limited to just 32%
- Thinking you won’t live as long as you may so you don’t plan for healthcare
- Not considering the future costs of inflation
- Presuming that you’ll need less money in retirement
To hear all the excellent information from David Lukas of David Lukas Financial has regarding your retirement, listen to the entire episode today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial,
(501) 218-8880, today to learn more about The DLF Retirement Advantage™ Process, David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Ignoring the importance of tax diversification will turn your taxes into a timebomb—after retirement— if you don’t plan properly. Sadly, what many retirees don’t know is that there is a big difference between tax planning and tax preparation. Instead, americans do the same thing every year...after year...after year. They pay the maximum in taxes when they don’t have to.
This week on the David Lukas Show, David talks about David Walker (a former Comptroller General...basically the CPA of the Fed, head of the Government Accountability Office under Bush and Clinton) and his knowledge of our national debt. According to Walker,“We’ve (speaking of the fed) promised way more than we can deliver.”
Throughout the hour David discusses the many different ways you can save for retirement and how there are ways to LEGALLY safeguard your retirement when taxes do inevitably rise.
To hear all of David’s useful advice on how to effectively diversify your portfolio in preparation for taxes after retirement, listen to the entire show today!
David Lukas Financial’s recent blog post that’s mentioned in today’s show: The Four Letter Word That Will Derail Your Retirement And How To Fix It If any one of these tax issues were placed before you, would you be prepared? David Lukas Financial specializes in strategies designed to help you prepare for uncertainty in retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, to Learn More About The DLF Retirement Advantage Process™. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
When it comes to claiming your Social Security (SS) benefits, it’s important to know all the facts. There are many rules and details most soon to be retirees don't know until the wrong decisions have been made and it’s already too late. And because we get misinformation from unreliable resources it’s time to get the facts straight.
This week on the David Lukas Show, David talks about important and surprising things you may not know about claiming your Social Security benefits— after retirement. Throughout the hour, David discusses many of the preconceived ideas soon-to-be retirees/ retirees may currently have that can truly DAMAGE their overall retirement plan.
Important points touched upon in today’s show:
- More than 10 billion dollars of SS benefits go unclaimed EVERY year
- Up to 85% of your SS benefits can be subject to taxation
- How important it is to stay below the taxable thresholds
- If retirees plan right, they can avoid unnecessary taxation on SS benefits
- How the govts calculations of provisional income defines how my you’ll owe in taxes
- Why you run out of retirement money 5-7 years faster if your SS benefits get taxed to the max
- What you can do if you’ve already started to claim your SS benefits and you want to make some changes
- What spousal benefits are and how to plan claims appropriately
- Important keys to boosting your SS benefits
To hear all the the important information David Lukas, of David Lukas Financial, discussed in today’s show, listen to the entire episode today.
FORBES article about Social Security discussed in today’s show:
- How Social Security Misleads About Claiming Benefits
If any one of these Social Security issues were placed before you, would you be prepared? David Lukas Financial specializes in strategies designed to help you prepare for uncertainty in retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financialat 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, to Learn More About The DLF Retirement Advantage Process™. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The Market’s been up for a long time. Too long—many experts say— and we’re undoubtedly due for a major correction very soon. If that correction happened today and the current Bull Market entered into Bear Market, would your retirement funds be safe or at risk?
Today on the David Lukas Show, our host David, of David Lukas Financial, talks about what could happens should we enter into a much predicted and historically overdue Bear Market. Throughout the hour, David discusses the devastating impact a correction could make on your nest egg and how, if you’re not careful, it could cause you to go broke.
Topics discussed on today’s show:
- Sequence of Return Risk and what it means to your retirement
- What a Bear Market is
- What a market correction is and does to your stocks and investments
- Why you need to rebalance your investments and how
- How to maximize and utilize your Social Security Benefits now and at risky times
- How to generate income after retirement
- Other money saving strategies to help you enjoy a WorryFree Retirement®
To hear all of the excellent information David Lukas of David Lukas Financial has about eliminating risks on your retirement portfolio, listen to the entire show today.
David Lukas Financial is now accepting reservations for the July Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for July’s class.
Upcoming Classes Available:
- Friday, July 13th, 2018 6:00 PM
MORE DATES COMING SOON!
HELD AT THE HAMPTON INN:
11920 MAUMELLE BLVD,
MAUMELLE, ARKANSAS 72113
CLICK HERE TO REGISTER TODAY!
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email 📧 davidlukas@davidlukasfinancial.com today.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, to Learn More About The Retirement Advantage Process™. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
For many, the company offered 401K or traditional IRA is what’s there and waiting for them after retirement. What these hopeful retirees aren’t expecting is the huge tax tumor buried within. With the tax rate destined to climb in the near future, there’s so much more at risk than you think. But what if you didn’t have to worry? What if you set yourself up with a WorryFree Retirement®.
On today’s show, our host David Lukas of David Lukas Financial talks about what you need to know about government qualified plans after retirement and what you need to do to protect your hard earned funds beforehand.
Throughout the hour David talks about the five things you MUST KNOW about your IRA and 401k.
- Taxes. Taxes must be paid and the penalties that may occur if not done correctly could be enough to make you broke.
- RMDs. Required Minimum Distributions are necessary. Huge penalties can occur if you don’t prepare for them.
- Roth IRAs are tax free and better than a savings account, for many reasons. Rolling your 401k into a Roth may be a great option for you.
- Tax diversification is key. Know what you’re paying on what.
- With the new Trump Tax Plan, you could save HUGE amounts of money this year. Taking advantage of this plan is paramount.
To hear all of the excellent information David Lukas of David Lukas Financial has about eliminating tax risks on your retirement portfolio, listen to the entire show today.
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, to Learn More About The Retirement Advantage Process™. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
When it comes to the amount of risk your retirement portfolio is under, less is better. But when you’re continuously sold the idea that risk is necessary to achieve the gains you want what’s a Saver to do? First, you have to know your risk tolerance. (Risk tolerance is the grade of variability in investment returns that an investor is willing to withstand or lose.) Second, your risk capacity needs to be measured. (Risk capacity is an objective measurement of the amount of risk you need to take in order to meet your established financial goals. Risk capacity can also be used to analyse the influence of any risk development on your current portfolio's ability to meet your future financial obligations.) Only then can you proceed with confidence.
This week on the David Lukas Show, David talks about how asset allocation could be the single most important factor in planning your retirement responsibly. And as in all things in life, there’s a right way and a wrong way to diversify your portfolio. Throughout the hour, David talks about:
- The importance of Tax planning
- Real estate options as investments
- Products that contain LESS risk
- Sequence of return risk
- How to measure your tolerance for risk
- How to measure your risk capacity
To hear all of the excellent information David Lakas of David Lukas Financial has about eliminating your capacity for risk, listen to the entire show today.
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
David Lukas Financial is now accepting reservations for the March Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for March’s classes.
Upcoming Classes Available:
- Thursday, March 29, 2018 6:00 PM
- Friday, March 30, 2018 6:00 PM
MORE DATES COMING SOON!
HELD AT THE HAMPTON INN:
11920 MAUMELLE BLVD,
MAUMELLE, ARKANSAS 72113
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Wall Street took quite a ride the first week of February dropping to an alarming 4.6%—losing trillions of dollars in market value in a matter of days. So what do you do now to protect your retirement money and investments? Is the party finally over for the longest running Bull Market in history? Who knows. If it is, are you willing to take the RISK?
Today, on the David Lukas show, David talks about the recent turbulence investors inevitably experienced during the recent market drop. Throughout the hour David offers the kind of sound and practical advice needed and the steps Savers can take to help protect their assets from a volatile down market.
- Products that protect your money
- Steps necessary to retire WorryFree®
- Stress tests for your finances
To hear all of David’s excellent information, listen to the entire show today!
David Lukas Financial is now accepting reservations for the March Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for March’s classes.
Upcoming Classes Available:
- Thursday, March 29, 2018 6:00 PM
- Friday, March 30, 2018 6:00 PM
MORE DATES COMING SOON!
HELD AT THE HAMPTON INN:
11920 MAUMELLE BLVD,
MAUMELLE, ARKANSAS 72113
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Saving for retirement isn’t easy. It takes a career’s worth of time and dedication to accumulate the kind of money most people need to retire WorryFree®. What a lot of planning retirees aren’t accounting for is the possibility of losing more than half of their money due to the penalties, taxes and fees associated with Required Minimum Distributions (RMDs).
This week on the David Lukas Show, David talks about how underestimating and inadequately planning for RMDs can ruin any carefully planned retirement. Throughout the hour, David talks about:
- What accounts are subject to RMDs
- What accounts save you from RMDs
- When you need to take your RMD—important deadlines
- How to calculate your RMD
- How RMDs are taxed
- How to create a proactive RMD strategy to protect you from unnecessary taxes, fees and penalties
To hear all of the excellent information David Lakas of David Lukas Financial has about Required Minimum Distributions, listen to the entire show today.
Book recommendation from today’s show : The Power of Zero by David McKnight
Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.
David Lukas Financial is now accepting reservations for the March Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for March’s classes.
Upcoming Classes Available:
- Thursday, March 29, 2018 6:00 PM
- Friday, March 30, 2018 6:00 PM
MORE DATES COMING SOON!
HELD AT THE HAMPTON INN:
11920 MAUMELLE BLVD,
MAUMELLE, ARKANSAS 72113
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
When you’re married, saving for retirement is a joint effort. If you’re not sharing in this effort you should be. Common ground needs to be found and communication should always be open about your financial expectations in life now and the impending future. If you and your spouse aren't’ talking about these things now you need to.
This week on the David Lukas Show, David talks about how to get on the same page as your spouse in planning your retirement. Throughout the hour David talks about all the ways you and your spouse can talk about and ultimately plan a retirement you’ll both be comfortable with.
Need help getting the conversation started? Here are the five critical questions spouses need to ask each other while planning their retirement.
- Are we spending more than we should?
- Do we have the same vision for retirement?
- Do we agree on the amount of risk we’re taking on your joint investments?
- Do we have our Social Security benefits set up and maximized correctly?
- Do we have a plan for life expectancy/ longevity plan/ long-term care?
To hear all of the excellent information David Lakas of David Lukas Financial has about you and your spouse planning your retirement together, listen to the entire show today.
David Lukas Financial is now accepting reservations for the March Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for March’s classes.
Upcoming Classes Available:
- Thursday, March 29, 2018 6:00 PM
- Friday, March 30, 2018 6:00 PM
MORE DATES COMING SOON!
HELD AT THE HAMPTON INN:
11920 MAUMELLE BLVD,
MAUMELLE, ARKANSAS 72113
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Are you needlessly shelling out thousands of dollars in taxes when you could be keeping more of the money for yourself? Are you tired of hearing about how the wealthy are paying less to the IRS while you’re paying more?
The IRS estimates that 20% of Americans miss out on up to $6,000 worth of tax breaks every year. Business owners are missing out as well. Not because they don’t want the break but it’s because they don’t know how to file.
This week on the David Lukas Show, our host talks about how important it is to plan your retirement, collection of Social Security benefits and estate with current and future taxes in mind. In the first half of the show, David discusses what tricks can be utilized and how tax diversification is the key to saving more and paying less on...
the three basic tax categories:
-
Taxed Always- savings account, dividends on investments, brokerage accounts
-
Taxed Later - 401K, IRA, real estate, hard assets
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Taxed Rarely- Roth IRA, interest from Municipal bonds, certain types of life insurance contracts
Don’t own too many products (investments, brokerage accounts, real estate, hard assets…) that are taxed the same way or at the same time.
—Kiplinger.com
For the second half of the show, David expands upon the varying steps Americans can now take to mitigate their impending Tax Tumor—before retirement.
To hear all of the important information and advice David of David Lukas Financial has to offer, listen to the entire episode today.
David Lukas Financial is now accepting reservations for the March Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for March’s classes.
Upcoming Classes Available:
- Thursday, March 29, 2018 6:00 PM
- Friday, March 30, 2018 6:00 PM
MORE DATES COMING SOON!
HELD AT THE HAMPTON INN:
11920 MAUMELLE BLVD,
MAUMELLE, ARKANSAS 72113
CLICK HERE TO REGISTER TODAY!
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The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
If you’re a Saver, saving and investing for retirement has been the easy part. In fact, it’s second nature. But when it comes to knowing what fees and penalties you’ll pay if you don’t set everything up correctly when you’re set to collect or even access your own money many haven't a clue.
This week on the David Lukas Show, David talks about all the ways you can be penalized when accessing your money too early or too late of your retirement date or age. Throughout the hour he expands upon each of the topics listed below...
- Claiming your SS benefits
- Enrolling in Medicare
- Withdrawing money from your IRA
- 401k withdrawal
- RMDs (Required Minimum Distributions) for both account holders and Inheritors
- Other trap doors and challenges
- The little know options you in fact have to protect your retirement
To hear all of the excellent information that David Lukas of David Lukas Financial has about planning proactively for retirement, listen to the entire show today.
David Lukas Financial is now accepting reservations for the March Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for March’s classes.
Upcoming Classes Available:
- Thursday, March 29, 2018 6:00 PM
- Friday, March 30, 2018 6:00 PM
MORE DATES COMING SOON!
HELD AT THE HAMPTON INN:
11920 MAUMELLE BLVD,
MAUMELLE, ARKANSAS 72113
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Life is full of risks. Retirement doesn’t have to be. Too many future retirees don’t know that it’s the least considered risks that are the most damaging in retirement. Especially, when the risks involve funds you’ve spent your entire career saving.
This week, on the David Lukas Show, David talks about the risks involved with NOT PLANNING your retirement income gameplan correctly and what you can do to safeguard your family and your retirement portfolio against some common pitfalls Americans experience every year.
The nine overlooked risks in retirement mentioned and explained in today’s show:
- Neglecting to take into account healthcare and/or long-term care costs….
- Outliving your money
- Not having a retirement gameplan
- Having too much of your wealth tied into your home (mortgage)
- Not having or planning survivor benefits
- Your portfolio isn’t diversified
- Claiming Social Security the wrong way at the wrong time
- Losing out on the miracle that is compounding interest
- Not minimizing risk
To hear all the excellent information that David Lukas of David Lukas Financial has about planning proactively for retirement, listen to the entire show today. If you would like to know how to turn your current savings and investments into a retirement income stream, in retirement, contact David with David Lukas Financial Today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Remember, successful retirements aren’t build on assets...they’re built on your ability to generate income.
As the end of the year nears, it’s time to start thinking about taxes...again. Contrary to many beliefs, there are steps retirees can take to save more money by paying less in taxes and fees on retirement accounts. Having a solid retirement plan and implementing tax strategies can truly be the difference between worry in retirement and a WorryFree Retirement®.
This week on the David Lukas Show, David speaks candidly about retirement, taxes, and all the ways you can save by implementing the tools needed to retire in confidence. Throughout the hour, David gives his listeners the tips, tips only a financial advisor would know, needed to navigate retirement effectively and safely before the year’s end. This isn’t a show you’ll want to miss.
To hear all of David’s professional advice, listen to the entire episode today.
To learn more about how Fixed and Index Annuities ban benefit you and your retirement portfolio, call David Lukas (501) 218-8880, AT David Lukas Financial.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Remember: The last thing in retirement you want is to be 85 years old, full of life and flat broke.
Gone are the days of grandad’s or grandma’s pension. What use to be a comforting contract between employers and employees for life after work, has now—in most cases—become a less than successful plan for retirement. That’s where Social Security (SS) comes in. Yes, SS exists to supplement income after retiring, but if the plan for collecting isn’t setup correctly thousands of your hard earned retirement dollars could be lost.
This week on the David Lukas Show, Little Rock’s own David Lukas discusses the top 10 most frequently asked questions about Social Security posed to him during David Lukas Financial’s Maximizing Social Security courses held in 2017.
The 10 most frequently asked questions about Social Security addressed on today’s show:
- When am I eligible to receive Social Security benefits?
- Is SS in trouble? Will it be around when I need it?
- What happens if I claim Social Security but continue to work?
- How is eligibility determined?
- When is the best time to claim SS? Could I claim other benefits?
- How much will I be taxed?
- What happens if my spouse dies (what are survivor benefits)?
- What if I’m divorced?
- Why can’t I get any reliable advice from the SS administration/department?
Want to know the valuable advice David gave on these questions? Curious about the changes coming to Social Security in 2018? Listen to the entire episode
There are changes in SS coming in 2018.
If any critical financial issues were placed before you, would you be prepared? David Lukas Financial specializes in strategies designed to help you prepare for uncertainty in retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Do you remember what started the financial crisis of 2008? Did you foresee what would eventually happen to the stock and housing market? Do you remember how much you—everyone you know lost? If a major market correction were to happen again, soon, are you protected?
The early 2000s were a time of prosperity. In a seemingly unstoppable economy millions of Americans were reaping the rewards of a stock market that had never performed better. Little did they know that soon 18.9 trillion dollars in household wealth would be lost. Never had they imagined that close to eight million people would lose employment. How many dreaded heading back to work because they lost up to 60% of their retirement funds they’d worked an entire career for because of high investment risk?
This week, on the David Lukas Show, David addresses what happened in the financial world less than ten years ago and the damage it did to the American economy. Throughout the hour David names and expands upon several surprising lessons, from 2008, retirees and soon to be retirees have at their disposal to learn from. Because just having a plan isn’t enough. In fact, having a financial gameplan is the most important thing that you can do to secure your and your family's financial future.
To listen to all of the expert advice David Lukas has on safeguarding your hard earned retirement funds, listen to the entire show today!
Attention Arkansas listeners age 60 and up:
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at DavidLukasFinancial.com Also, get a Social Security Analysis provided by DL Financial, when you visit.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Imagine how much easier retirement would be if there was a checklist to help you plan for every possible money draining scenario that could be thrown your way? How valuable would that be to you, your family...your future?
This week on the David Lukas Show, our host David Lukas of David Lukas Financial gives current and soon-to-be retirees a list of information that is crucial to planning for retirement responsibly. Throughout the hour, David educates his listeners on the essential items needed to live comfortably in retirement.
After all, it’s not what you make during the first half of life but what you get to keep afterwards that counts in the end.
Top items needed to plan and ensure a WorryFree Retirement®:
Ensure your asset are diverse in defense against a down market
Plan for collecting Social Security is in sync with the rest of your retirement strategy
Confirm with your financial advisor about the amount of risk you are or aren’t taking in your investments
Develop and implement a proactive tax strategy
Plan for the possibility of long term healthcare
To hear all of David’s excellent advice on planning for a WorryFree Retirement®, listen to the entire episode today.
David Lukas Financial is now accepting reservations for the September Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for October’s classes.
Classes in October are as follows:
Tuesday, October 24th, 6:30PM
Wednesday, October 25th, 6:30PM
Thursday, October 26th, 6:30PM
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Retirement is meant to be the period of calm after the rocky road of years of career(s) and earning. The actual act of retiring used to be fairly simple, back in the day. But now, future retirees NEED to know a multitude of things and require a specific gameplan to retire right—without penalty and most importantly WorryFree®.
This week on the David Lukas Show, our host David Lukas gives us listeners the ABCs of RMDs. Throughout the hour David explains what RMDs (Required Minimum Distributions) specifically are and why they are important to your overall retirement strategy.
Facts about RMDs discussed in today’s show:
- What types of accounts are subject to required minimum distributions
- How to delay an RMD if applicable
- When the magical 10 year “penalty free” period of withdrawal starts and ends for specific ages
- How much must be taken out, specifically, per applicable account
- How to prepare for paying taxes on your RMD(s)
What does the acronym ABC stand for?
A: is for the aggregation of each tax deferred account
B: is for beginning withdrawals
C: is for consider your taxes
To hear all of the important information discussed in this show, listen to the entire episode today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
You only get one chance at retiring. Whether you like it or not, you are indeed in the game of finance. The real trick is to play it smart so that you can enjoy retirement instead of spending your time worrying. After spending most of your life working the last thing you want is to be full of life but potentially flat broke.
This week on the David Lukas Show, our host David Lukas talks about the five most common critical mistakes people make before and at the life changing event of retirement.
The top 5 mistakes mentioned:
- Not knowing how and when to claim Social Security
- Not having an estate plan
- Taking on more risk on investments than you know or need to
- Not having an insurance policy/contract (annuity) in your retirement
- Not having a thoughtful diverse and comprehensive retirement plan
To hear all the excellent information that David Lukas of David Lukas Financial has about planning proactively for retirement, listen to the entire show today.
Q&A with David: Questions asked and on today’s show.
Gentleman, Central Arkansas
My wife is 62 and is not working. She is eligible for her own benefits. I am 62 and I have no intention of claiming my benefits until the full retirement age (66). It seems like it would make sense for my wife to start claiming her benefits...then upon her full retirement age, claiming her spousal benefit based on the 50% of my full age retirement benefit. Is there any penalty for her claiming her benefits based on her work history now...then claiming her spousal benefits later?
Listen to David’s advice on this question today!
David Lukas Financial is now accepting reservations for the September Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for October’s classes.
Classes in October are as follows:
Tuesday, October 24th, 6:30PM
Wednesday, October 25th, 6:30PM
Thursday, October 26th, 6:30PM
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
When it comes to safeguarding your hard earned retirement funds, risk is your enemy. Honestly there isn’t much worse than the possibility of losing thirty to forty percent of your stock market investments in an aggressive downturn or market correction.
Most of us can’t afford that kind of loss close to or during retirement. So how are you able to keep on course in to ensure that your funds are what and where you want them to be and that they’re protected?
This week on the David Lukas Show, our host David Lukas discusses what you can do to proactively put and keep your retirement on the path to success. Throughout the hour David expands upon all the different ways that life events can trigger the need for a correction in your planning. Knowing the amount of risk you’re taking with your investments is just the first step of responsible investing—below are just a few of the other points mentioned and suggested in today’s show...
-know the amount of risk you’re taking with your investments
-update any estate plan changes
-know what fees and taxes you are paying and how they might change later
-know what to do if you receive an inheritance
-have a plan for loss of employment
-know the important age requirements dates and deadlines for Social Security, when you can use the money in an IRA, Medicare benefits
-know when interest rates change and how it will impact your retirement
To hear all the excellent information from David Lukas of David Lukas Financial has about being proactive instead of reactive regarding risk, listen to the entire episode today.
David Lukas Financial is now accepting reservations for the September Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for September’s classes.
September classes are as follows…
Wednesday, September 20th, 6:30PM
Thursday, September 21st, 6:30PM
Friday, September 22nd, 6:30PM
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Because they don’t know any better, most americans are take their investments and social security benefits at face value, ultimately missing out on thousands of extra dollars earned in the second and third halves of life into retirement. Because you only get one chance at retirement best defense against financial disaster is an informed mind and a sound plan for the future.
This week, on the David Lukas Show, our host David addresses many of the common mistakes that people are making in planning— or better yet in the lack of planning— their retirement. Throughout the hour, David discusses the four reasons people fail in planning and therefore forfeit a WorryFree Retirement®.
- Not having a claiming strategy to maximize Social Security.
- Not having a way to generate income after retirement
- Taking on more risk than you know...or need to
- Not having a thoughtfully diverse comprehensive game plan
To hear, in detail, about how all of these pitfalls can ruin your retirement listen to the entire episode today!
If any one of these critical issues apply to you and your retirement, you are not alone. David Lukas Financial specializes in strategies designed to help you prepare for the unknown. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
David Lukas Financial is now accepting reservations for the September and October Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for September’s classes.
September classes are as follows…
Wednesday, September 20th, 6:30PM
Thursday, September 21st, 6:30PM
Friday, September 22nd, 6:30PM
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas) Call 501-377-9602 for registration availability.
With no real help from the SS Administration itself, it’s hard to know what steps are necessary to take in maximizing your Social Security benefits. In fact, so many retirees assume that the process is easy. Unfortunately, it isn’t. This week on the David Lukas Show, David talks about the many common assumptions people make or have already made about claiming Social Security. Throughout the hour, David talks through the 9 most common presumptions (listed below) that can impact your retirement and what you can do to prepare. 1. Believing that Social Security is running out of money 2. Thinking the money you pay into the system is the exact amount you’ll receive when collecting 3. Assuming that SS is there to replace the entire income lost after retirement 4. Believing that SS benefits (amount paid to you) are based, solely, on the last ten years of your income 5. Mistakenly thinking that the retirement age of 65 is set in stone for everyone 6. That the SS Admin will give you useful personalized advice 7. Assuming that if you don’t claim your benefits as soon as you can (age 62) that you’ll collect less 8. Not knowing the specifics about spousal benefits and the complications in collecting 9. Not understanding eligible benefits before/after divorce
To hear all of the highly informative information David has for you about Social Security, listen to the entire episode today.
If any one of these critical issues were placed before you, would you be prepared? David Lukas Financial specializes in strategies designed to help you prepare for uncertainty in retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
Want to learn more about Social Security? David Lukas Financial is Now Accepting Reservations for September. To sign up for September classes, simply follow the “Register Here” link now! September classes must be reserved via our 24-Hour Reservation line. You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today.
Classes in September are as follows:
- Wednesday, September 20th, 6:30PM (SOLD OUT)
- Thursday, September 21st, 6:30PM
- Friday, September 22nd, 6:30PM
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Did you know that your ability to turn savings and investments into income could completely dictate the quality of your lifestyle in retirement. In fact, the ability to earn a living without having to actually keep working could mean the difference between doing everything you’ve ever dreamed of or burning through your life savings entirely too soon.
This week, on the David Lukas Show, David explains how you can turn your savings and investments into income earning workhorses. Throughout the hour David mentions the popular savings and investment vehicles commonly used by potential retirees (bank savings, CDs, money markets…) and how the current rate of return on these options has been less than stellar. David names several attractive options that Savers have to not only safeguard their hard earned retirement funds but to also earn an income from them.
David’s money earning options mentioned in today’s show:
- Life insurance policies
- Annuities
- Roth IRAs
- And more...
To hear, in detail, about how all of these money making options can work for you in your retirement, listen to the entire episode today!
If any one of these critical issues apply to you and your retirement, you are not alone. David Lukas Financial specializes in strategies designed to help you prepare for the unknown. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
David Lukas Financial is now accepting reservations for the September Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for September’s classes.
September classes are as follows…
Wednesday, September 20th, 6:30PM
Thursday, September 21st, 6:30PM
Friday, September 22nd, 6:30PM
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas) Call 501-377-9602 for registration availability.
Many times, when it comes to investing, we tend to focus on the things we can’t control other than being proactive about what we can control. Human nature takes over and while it takes great amounts of time and energy to stress about the unpredictability of the stock market, the crippling price of healthcare, taxes, fees and rising costs of everyday living there are steps you can take to help you and your family live more and worry less.
This week on the David Lukas Show, David talks about five ways Savers can take control in regards to the ever changing environment of investing in the stock market.
Five topics discussed in today’s show:
First, be proactive and have a gameplan in place before collecting Social Security benefits. Maximizing your Social Security is and should be an integral part of your planning process. It can make or break your comfort in retirement.
Second, create a diversified income strategy with a well rounded portfolio.
Third, reduce expenses and fees. Keeping your costs/expenses down is key.
Fourth, Plan for taxes after retirement, BEFORE you retire. Tax strategy is just smart planning.
Finally, make absolutely sure you aren’t taking on more risk than you are comfortable with.
To hear all of the key information David has to offer on today’s topic, listen to the entire episode right now!
Interested in learning more about how David Lukas Financial can benefit you and your retirement portfolio? Call David Lukas, at (501) 218-8880, today. David Lukas Financial is conveniently located right here in Central Arkansas.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
And remember, in retirement, failing to plan is planning to fail.
We’ve all experienced the adage that “past performance is no true indication of future results.” Back in March of 2009 the market bottomed out and then it came roaring back setting record after record. But even with all this gain, many have lost thousands of dollars each year because they didn’t plan for their specific needs or they were taking more risk than they were comfortable with. So the question is, if you’re invested in the market, what do you do now? How much risk do you have to take?
This week, on The David Lukas Show, David talks about what options Savers, current investors, and potential investors have as far as the stock market is concerned. Throughout the hour, David names and defines the the most important things that retirees need to know about saving for retirement.
Topics discussed in today’s show aka, the...
5 pillars of investing that could impact your savings for retirement:
- Don't have unrealistic expectations about your investments or assume that the gains of the past will always reflect the same gains in the future
- Proactively plan for claiming your Social Security benefits correctly—this could save you thousands in lost income
- Have an income plan from diversified sources
- Ensure that your portfolio matches your tolerance for risk
- Have a strategy to protect yourself from healthcare and long term care costs
To hear all of the expert information David has for our email inquirer and you, listen to the entire episode today.
If any one of these critical issues apply to planning your retirement, you are not alone. David Lukas Financial specializes in strategies designed to help you prepare for retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
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Listener’s emails addressed on today’s show:
Female listener in Little Rock, AR asked:
My husband passed away in May of 2017. My Social Security survivor benefit from him would be about $1,500 a month. I’m 61 yrs old and earning about $38,200 a year. Am I entitled to any benefits while I work and earn this money? Social Security says no. What do you say?
Female listener in Benton, AR asked:
If my husband’s Social Security benefit will amount to half than what mine will be, can he start drawing at age 62 and then increase to half of mine when I retire? Or does he have to wait until full retirement age?
David Lukas Financial is now accepting reservations for the Maximizing Your Social Security Course this month. Classes in August are as follows:
Tuesday, August 22nd, 6:30PM
Wednesday, August 23rd, 6:30PM
Thursday, August 24th, 6:30PM
You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for August and September’s classes. T
CLICK HERE TO REGISTER TODAY! The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas) Call 501-377-9602 for registration availability.
Saving for retirement alone, just isn’t enough anymore. In today’s financial environment one must have a secure distinct plan to retire successfully. Because it isn’t what is happening, currently, but what happens in a down market that can have a profound effect over your savings for the next decade.
This week on the David Lukas Show, David talks in depth about the common habits that prudent savers and successful retirees share in planning for retirement. These eight habits of successful retirees are:
- Comprising a thoughtful and comprehensive game plan
- Understanding of “risk tolerance” and knows exactly how much risk they are and are willing to take.
- They have a plan in place that optimizes their social security benefits
- They know how much they are paying in fees on their investments and how their advisors make their commissions
- They are proactive in preparing for taxes (current and future) and and saving on taxes where and when they can
- They have a diversified plan to generate income after retirement
- They have a plan to protect them from both rising healthcare costs and the crippling expense of long-term care costs
- They don’t have unrealistic expectations and live well within their means
To hear all of the valuable information that David Lukas has to give, listen to the entire show today.
If any one of these critical issues apply to you and your retirement, you are not alone. David Lukas Financial specializes in strategies designed to help you prepare for the unknown. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
David Lukas Financial is now accepting reservations for the August and September Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for August and September’s classes.
August classes are as follows...
Tuesday, August 22nd
Wednesday, August 23rd
Thursday, August 24th
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas) Call 501-377-9602 for registration availability.
Currently, fifty two million Americans have 4.4 trillion dollars socked away in their 401(k) savings accounts. Right now, in our current up market, everyone’s probably pretty happy with their performance. But what would happen to your 401(k), specifically, if the market took a turn for the worst? Do you know how much of your money is at risk? Are you willing to lose up to half of it? Did you know that ignoring your 401(k) could cost you a fortune?
This week on the David Lukas Show, David tackles the subject of security in your 401(k) retirement, or as he affectionately calls it your government sanctioned tax postponement plan, and what you can do to be proactively protective of your assets. Throughout the hour, David talks about the seven things that you can do to reboot your 401(k) and keep things on track.
Specific items touched upon in today’s show:
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Figure out and know what your comfort level is with the investments you hold
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Putting in too little? See if your employer has a true up provision program for your 401k program (The feature, called a true up, allows employees to receive employer matches that they would have otherwise missed out on because of 401(k) front-loading or because they spread their 401(k) contributions out unevenly throughout the year-explanation via Google)
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Putting in too much? If your employer is unable to match your contributions, you may be missing out on funds that should be coming to you but won’t.
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Check the plan documents and know what the plan rules are and think of them as the rulebook for your 401(k)
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Fine Tuning your contribution levels
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Research other, savings options for your retirement such as a Roth IRA or a specially designed life insurance contract...
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Know what requirements, penalties, and fees are applicable on RMDs (required minimum distributions)
To hear all of the highly informative information David has for you about rebooting your retirement, listen to the entire episode today.
If any one of these critical issues apply to you and your 401(k) you are not alone. David Lukas Financial specializes in strategies designed to help you prepare for retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
David Lukas Financial is now accepting reservations for the July Maximizing Your Social Security Course: You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for July’s last available class.
Class in July is as follows:
Thursday July the 27th at 6:30pm, located at the Hampton Inn: 11920 Maumelle BLVD
CLICK HERE TO REGISTER TODAY!
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas) Call 501-377-9602 for registration availability.
Are you being punished or financially penalized for being a Saver and planning responsibly for your future? Are you currently paying more in taxes than others that you know who haven’t planned at all? If you answered yes to either of these questions, you are not alone.
This week on the David Lukas Show, our host David addresses how those of you who have saved diligently and sacrificed much throughout the years of your careers are now being penalized in retirement.
Throughout the hour, David discusses how Savers can protect themselves and their hard earned retirement funds with different types of products that are designed to help you hold on to as much of your income as possible. Here are some of the products mentioned and elaborated on in today’s show:
- Roth options
- Municipal bonds
- A specially designed permanent life insurance contract
To hear all of the valuable information from David Lukas of David Lukas Financial has to offer, listen to the entire show today!
To find one or any of the highly informative books mentioned in today’s show check out the Recommended Books Page right now.
David Lukas Financial is now accepting reservations for July’s MAXIMIZING YOUR SOCIAL SECURITY COURSE. This course was designed for those looking for options in when and how to take their Social Security. Social Security is one of the most valuable and least understood benefits available to retirees today. Advanced planning is essential, and the decisions made have a tremendous impact on the total amount of benefits you receive over your lifetime. This course will provide you with much needed information to help you understand the system, coordinate spousal and survivor benefits, minimize taxes, and maximize your personal benefits. Attendees will receive a workbook. You can call our 24-Hour Reservation Line at: 501-574-0677 to check availability and reserve your seat today for upcoming classes.
Classes in July are as follows:
Tuesday July the 25th at 6:30pm
Wednesday July the 26th at 6:30pm
Thursday July the 27th at 6:30pm
Attention Arkansas listeners age 60 and up!
Request your FREE 2017 Guide to Social Security (45th edition) by calling (501) 218-8880 today! Or by going to DavidLukasFinancial.com
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio?—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Many of the notions you may have about retirement, could get you into serious financial trouble. Are you prepared if taxes go up? How much will it cost you to pull money from your 401k or IRA? Does your current strategy align with your risk tolerance? This week on the David Lukas Show, David talks about recurring myths about retirement. Throughout the hour, David demystifies each misnomer and expands upon how you can prepare for many of the common pitfalls in retirement.
- Claiming SS as soon as possible is the way to go: Many soon to be retirees are under the impression that Social Security is prime for the taking as soon as they hit retirement age. That assumption can be detrimental to your retirement plan. Setting up a retirement plan with a retirement specialist is your best bet.
- Social Security Administration will assist you in collecting: The findings of a recent Government Accountability Office report concluded that the agency is consistently giving either bad or false information to retirees on the complicated subject of collecting their benefits. See Related Article: How Social Security Misleads About Claiming Benefits
- The market will stay or go up forever: When the market is good...everything is oh so good. But as history shows just as all things go up...they also come back down. Nobody could have predicted the damage that was done in the stock market back in 2008. If a fall like that happened again, would your retirement accounts be protected?
- Medicare will cover your healthcare costs: Healthcare seems so uncertain right now and many retirees are assuming that Medicare is free and that it will cover it all after retirement. There is also the assumption that Medicare will cover costly long-term care. Unfortunately that just isn’t so.
- Your investments will steadily create income, for you, after retirement: Unless you plan carefully and dutifully protect your assets, they may not be there for you to depend on.
- You shouldn't own any permanent life insurance: Many of us assume we don’t need permanent life insurance. Instead they opt for term and “plan” on investing the difference. The reality is, most don’t and most don’t realize the flexibility and value of permanent life insurance.
If any one of these critical issues were placed before you, would you be prepared? David Lukas Financial specializes in strategies designed to help you prepare for uncertainty in retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
Article mentioned in today’s show via Forbes.com, How social security misleads about claiming benefits.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas) Call 501-377-9602 for registration availability.
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Are you hard wired for risk or for security? Does taking chances in the stock market and potentially suffering a crippling financial hit, like millions of Americans did back in 2008, keep you awake at night? This week on the David Lukas Show, our host David talks about all the different types of financial products that are safer than many popular products being sold right now. Throughout the hour, David speaks openly and honestly about the truths—and more importantly non-truths about Annuities and why Insurance Contracts may just be what a Saver is looking for as an alternative to the low interest rates offered by banks.
To hear all of the valuable financial information David has to give, listen to the entire episode today!
The Guide to Social Security & a Better Retirement can help you keep up to 20% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, you can time the use of these two differently taxed sources to lower taxes drastically. You need make no new investments or even change the ones you have, just use your money smarter. Two uninvited guests that will come to your retirement are inflation and taxes – you can do little about the former but by taking advantage of the timing options you have, taxes can be slashed dramatically.
Request your Free Guide To Social Security today!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Many of the decisions we make with money are dependent on our specific financial personality. Not sure what your financial personality is? Visit 3personalities.com and find out today!
To learn more about how an Annuity can benefit you and your retirement portfolio, call David Lukas, (501) 218-8861, at David Lukas Financial.
Just when you think you’ve got things figured out, life can throw you one heck of a curveball. In the blink of an eye, your financial future can change for the worst. For those of us who have a financial game plan, things may be less traumatic. For those of us who don’t, the transition could lead to financial ruin. This week on the David Lukas Show, David talks about all the reasons people might have for an early retirement. Whether you’re being downsized from your job, you have to quit working for health reasons, family issues, or just forced to retire early, the main issue you may have is being unprepared. Throughout the hour David discusses the options retirees have and what they can do—through concise and careful planning—to combat the sudden loss of income if it happens to them.
Topics discussed in today’s show:
- Planning for the unexpected
- Having a gameplan
- Generating income after retirement
- Being proactive vs. reactive in retirement
If you were faced with any one of these situations, are you prepared? David Lukas Financial specializes in critical strategies designed to help you prepare for uncertainty in retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Change is the law of life. And those who look only to the past or present are sure to miss out in the future. —John F. Kennedy
Much can be said about the need for change. Change paves the road for the future. So what happens when we don’t plan appropriately for change—financially. Well, many times disappointment. Sometimes, disaster.
This week on the David Lukas Show, David talks about all the recent amendments made within Social Security and how important it is for retirees and soon-to-be retirees to know the specifcs—like how it will affect them—and the necessity of planning accordingly. Throughout the hour, David explains in detail what changes have been made and what you can do to prepare. Specific important topics discussed in today’s show:
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The tax hike to higher income earners
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Some spousal benefits stripped from the plan
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Full retirement age increased
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The Cost of living adjustment based on the CPI (Consumer Price Index)
To hear all of the valuable information and advice that David has to offer, listen to the entire show today.
Featured in the show:
David Lukas Financial’s Maximizing Your Social Security Course
Are you interested in a course that provides a fundamental working knowledge of the Social Security program as it applies to retirement planning? The information covered in the course includes: the history of Social Security, how to qualify for benefits, spousal benefits, widow & widower benefits, taxation of benefits, working while you receive benefits, issues involved in claiming benefits early, and strategies to maximize your benefits while developing an income stream in retirement.
This is not a financial seminar; this is a financial course of study where you will leave with the knowledge and information needed to make decisions about Social Security benefits.
Sign up today at davidlukasfinancial.com!
Attention Arkansas listeners age 60 and up!
Request your FREE 2017 social security guide (45th edition) by calling (501) 218-8880 today! Or by going to DavidLukasFinancial.com
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio?—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Back in 2008, when the Dow hit a 12 year low Americans lost trillions of dollars in wealth. Such an immediate loss was a painful punch in the gut for every American invested in the stock market. Many lost everything they had in their retirement accounts. Many have yet to and or never recovered from their loss. Fast forward to today— Americans are now experiencing the euphoria of second longest bull market in existence and many are anticipating the inevitable turn down. This week on the David Lukas Show, David talks about how risk weighs differently on different financial personalities and what you can do to safeguard your hard earned retirement funds against market downturns. Throughout the hour, He talks about how the the Markets ups and downs, historically, have cycled and some practical strategies to secure your money from the terrible downs.
Specific topics touched on in today’s show:
- Have a solid Gameplan
- How easy it is to take the FREE portfolio risk tolerance analysis offered by David Lukas Financial
- How to potentially improve what you're doing if you’re currently vested in the market.
- How important a second opinion is when it comes to big decisions being made in planning your retirement.
- How to take action in planning your retirement
To hear all the valuable insight that David Lukas has to offer, listen to the entire episode today.
To learn more about how David Lukas Financial can benefit you and your retirement portfolio, call David Lukas, at (501) 218-8880, today. David Lukas Financial is conveniently located right here in Central Arkansas.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
At this time of year, taxes are what’s on everybody’s mind. And rightly so for current and future retirees because taxes don’t just magically stop after work. In fact, taxes may become much more complicated and involved than they were when you were working. In a time when they should be relaxing what are retirees to do when the stress of taxes takes over? This week on the David Lukas Show, our host David talks about how important it is to plan for taxes in retirement and what current retirees can do to safeguard their hard earned retirement funds from unnecessary taxation and penalties.
Specific topics addressed this episode…
- What the Tax Tumor is and how to avoid it
- How Social Security income is taxed
- IRA and 401(k) withdrawals and how they are taxed
- Pension and Annuity taxation
- Taxes on investment income
- How to use and enjoy your money via the WorryFree Retirement®
To hear all of the valuable information and advice David Lukas of David Lukas Financial has to offer, listen to the entire show today!
Attention Arkansas listeners age 60 and up!
Request your FREE 2017 social security guide (45th edition) by calling (501) 218-8880 today! Or by going to DavidLukasFinancial.com
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio?—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Since you’ve been working, a percentage of your earnings have been going to social security. Unfortunately, during the process, many people have found the claiming and filing process increasingly complicated and difficult to navigate due the the thousands of possible claiming options. So what’s a retiree/ soon to be retiree to do when people feel the frustration of a seemingly bureaucratic rules and regulations? This week on the David Lukas Show, David brings to light many of the unatractive attributes abouting the filing process and what you can do to avoid the catches and pitfalls within.
Topics touched on and explained in today’s show:
- You may be grandfathered into certain “Outside Of The Box” claiming strategies
- The typical employer contributions for SS greatly outweigh contributions made to 401(k)s
- How being proactive in your Social Security planning could save you thousands of dollars over a lifetime.
- Optimizing SS, to your benefit
- The Social Security website and its challenges.
- If you take your SS benefits at face value, you could leaving thousands upon tens of thousands of dollars on the table.
To hear all of the valuable information on Social Security discussed in today’s episode, listen to the entire show today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
One of the biggest and most expensive mistakes retirees make, is overpaying taxes. Thousands of people are overpaying because of lack of planning for retirement and when to file for Social Security benefits. This week on the David Lukas Show, David talks about how retirees are wasting thousands upon thousands of thousands of dollars on overpaying taxes. Because while many financial services clients are focused on fees, expenses and returns on investments, they are ignoring the tax tumors that are building in their government sanctioned retirement accounts.
Throughout the hour David explains what the many trap doors are that can easily wipe out the advantages of postponing or deferring taxes to a later date. And how if you overlook one simple thing you can trigger an avalanche of needless taxes and penalties.
- Higher taxes on your on your Social Security benefit
- An investment surtax
- Higher capital gains taxes
- Higher Medicare premiums
To hear all the excellent information from David Lukas of David Lukas Financial has about being proactive instead of reactive regarding the tax tumor issue, listen to the entire episode today.
The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)
Also be sure to check out the upcoming Maximizing Social Security Classes taught by David and held right here in North Little Rock. To get more details and register for a class go HERE.
Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
In a society where women tend to live longer than men, knowing how to best plan for longevity in retirement is becoming increasingly more important. In fact, because so many women are outliving their spouses, they’re contending with the issue of running out of money. This week on the David Lukas Show, David talks about how, more commonly than not, wives are outliving their husbands and what women can do to NOW to safeguard themselves against possible future financial disaster.
Topics discussed:
- The likelihood of a long retirement
- How women need long term care
- Planning correctly to create income during retirement
- Why spouses should wait till 70 to collect on Social Security
- Rising healthcare and medical costs
To hear more, listen to the entire show right now!
Remember, it is possible to generate income after retirement. You just need to plan with someone who knows how to get you there.
To read the article discussed in today’s episode, click here.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Attention Arkansas listeners age 60 and up!
Request your FREE 2017 social security guide (45th edition) by calling (501) 218-8880 today! Or by going to SSBenefitsGuide.coms
We live in a dollar dominated society. What we get, for how much, is one hundred percent dependant on the rate of inflation. What does inflation mean to you in retirement? What will it? Nationally the Annual Inflation Rate (AIR) has stayed at around 1.7 percent a year, but just last month the US experienced a larger than normal 0.6 percent jump in the Consumer Price Index, causing the AIR to rise to 2.5 percent—a five-year high. This week on the David Lukas Show, David talks about what the negative effects of inflation can do to retirees and what retirees can do to safeguard themselves from the inevitable rise in cost of living.
Throughout the hour, David talks about the most reliable ways to hedge against inflation, including:
- Equities
- Realestate
- Tangible Assets
And more. Listen to the entire show today today to get all of the excellent advice David Lukas of David Lukas Financial has to offer.
The Guide to Social Security & a Better Retirement can help you keep up to 20% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, you can time the use of these two differently taxed sources to lower taxes drastically. You need make no new investments or even change the ones you have, just use your money smarter. Two uninvited guests that will come to your retirement are inflation and taxes – you can do little about the former but by taking advantage of the timing options you have, taxes can be slashed dramatically.
Request your Free Guide To Social Security today!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
If you look at what happened with the stock market, over the last eight years, you could venture to say that it’s been quite a ride! The Market bottomed out in early March 2009 and then it came roaring back setting record after record. In January of this year, the Dow Jones Industrial reached an all time high. So the question is, if you’re invested into the market, what do you do now? Do you stay? If you aren’t currently vested, is it time to jump in? What’s a Saver to do?
This week, on The David Lukas Show, David talks about what options Savers, current investors, and potential investors have as far as the stock market is concerned.
Throughout the hour David mentions and explains all the different risks that your money takes in the stock market and what you can do to protect yourself and your hard earned retirement funds from all that uncertainty.
To hear David talk about the recent market upturn, listen to the entire show today!
Attention Arkansas listeners age 60 and up!
Request your FREE 2017 social security guide (45th edition) by calling (501) 218-8880 today! Or by going to DavidLukasFinancial.com
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas Financial, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Everyday retirees are making assumptions that are or could be costing them thousands of dollars in unnecessary fees and market losses. In fact, too many retirees assume entirely too much when it comes to their retirement savings and accounts. If there were guaranteed ways to save on those costs, when would you want to know about it? Right now? If so, then you’re in luck because the assumptions stop today! This week on The David Lukas Show, our host David discusses the top five assumptions that people make in retirement that could be costing them hundreds to thousands of dollars.
The top five detrimental assumptions that retirees/ future retirees make are:
- Assuming your broker takes your specific risk tolerance into consideration
- Taking Social Security at the wrong time...not taking survivor benefits into consideration.
- Assuming that your health will falter and you won’t live long
- Assuming that your holdings (401k, Roth IRA, IRA, Mutual funds…) are outperforming or at least meeting benchmark standards.
- Not diversifying your portfolio.
Want to know more? Listen to the entire episode today!
Attention Arkansas listeners age 60 and up:
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at DavidLukasFinancial.com Also, get a Social Security Analysis provided by DL Financial, (FREE with coupon code: ss60) when you visit.
If you are looking for answers to questions about when you should begin your Social Security benefits, how you can manage taxation of benefits, how working will affect your benefits, or strategies to get the most out of your benefits, then you will want to sign up for David Lukas Financial’s Maximizing Your Social Security Course.
The Maximizing Your Social Security Event to be held in March on Tuesday the 7th of March and Thursday the 9th of March (evening class). Please register for the event now!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Social Security has steadily become more complicated since its inception. Too many soon-to-be retirees have no idea what’s in store for them, when it comes to collecting on Social Security. And, how if things weren’t set up correctly, come tax time, they may end up owing a lot more than they’d planned for. This week on the DL Show, David speaks candidly on what you need to know about the changes that have been made to Social Security for 2017 and the taxation that those distributions may or may be subject to in the future.
Throughout the hour, David discusses:
- How important it is to coordinate all of your current/future assets within your retirement.
- The practice of spending retirement assets down to avoid extra taxation.
- How SS is taxed differently—people may have to pay federal income taxes if they have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported to the IRS) along with his/her benefits.
- How single/married SS income is taxed differently.
To hear the insight David has to share on Social Security, listen to the entire show today! Do you have Social Security or retirement questions? If so, call or write in to David Lukas Financial, and possibly get your question(s) answered on the air!
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis provided by DL Financial, (FREE with coupon code: ss60) when you visit.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
Curious to know what The Annuity Decision Guide for Savers is all about? Click here!
Can you predict the future? No? Don’t feel bad, most of us can’t. But there is something you can do that is a sure thing when it comes to safeguarding your hard earned retirement funds. Curious yet? This week on the David Lukas show, David talks about the advantages and disadvantages of converting your 401k or IRA into a Roth IRA. Throughout the hour David explains how some experts believe it’s a no brainer. Not only could you save thousands of dollars in taxes but A ROTH IRA could also offer many other significant advantages that you don’t get from your current IRA or 401K.
The main question is: To convert or not to convert to a Roth IRA?
Perks to a Roth IRA:
- Tax free income in retirement
- No required distributions (in fact you NEVER have to withdraw, leaving a tax free inheritance to beneficiaries).
- Potential minimization or elimination of taxation of Social Security Benefits
Tune into to hear David talk about Roth IRA conversions as a part of a pro active tax-strategy in retirement. Listen to the entire episode today!
INFORMATION STATION:
What Is A Roth IRA?
A Roth IRA is a special retirement account where you pay taxes on money going into your account and then all future withdrawals are tax free.
Like beauty, the benefit of a Roth IRA is in the eye of the beholder and it all depends on the beholder’s tax bracket--both now and when he or she retires. Although there is no up-front tax deduction for Roth IRA contributions as there is with a traditional IRA, Roth distributions are tax-free when you follow the rules. And because every penny you stash in a Roth IRA is your money—not a tax-subsidized gift from Uncle Sam—you can tap your contributions (but not your earnings) any time tax-free and penalty-free.
Roth IRAs make the most sense if you expect your tax rate to be higher during retirement than your current rate. That makes Roth IRAs ideal savings vehicles for young, lower-income workers who won’t miss the upfront tax deduction and who will benefit from decades of tax-free, compounded growth. Roth IRAs also appeal to anyone who wants to minimize their tax bite in retirement as well as older, wealthier taxpayers who want to leave assets to their heirs tax-free.
You can contribute to a Roth IRA at any age as long as you have earned income from a job. (Info via rothira.com)
Some people if they make too much income may not be able to contribute to a ROTH. This is where a ROTH conversion can be very beneficial as there is no income limit to convert to a ROTH.
Get the NEW 2017 Social Security Guide (45th Edition) for FREE
The “2017 Guide to Social Security” is the perfect resource to learn everything you need to know about Social Security and how to get the most out of your benefits. This guide includes all updated information for the new year.
The dream of a financially secure retirement starts with knowing that Social Security will provide over 50% of many retirees’ income. That’s why you NEED to know how it works.
Get your free customized Social Security analysis report here!
Do you have any idea how much risk you are facing in retirement? 80% of people are not in Call all David Lukas, (501) 218-8880, today to setup a no cost, no obligation meeting with David Today.
How long are you planning to live on God’s green earth? Don’t know? None of us do. But there’s one thing that you should know: healthy living does not guarantee a long life, just as hoping your retirement plan will benefit you, without implementing the proper planning it takes to ensure it. On this week’s installment of the David Lukas Show, David talks about how important longevity planning is to your financial future. In fact, many Americans fear outliving their retirement savings and in today’s economy it’s not irrational.
Throughout the hour, David reiterates how important the ability to generate income, after retirement, is because of how uncertain the future may be.
To hear what David Lukas, Little Rock’s own, has to say about longevity planning listen to the entire episode today.
Want to know more about how David Lukas Financial can help you put a safe and secure game plan together that you can count on? —call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. Remember, there’s never a fee or obligation to meet with David.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
Curious to know what The Annuity Decision Guide for Savers is all about? Click here!
Last year, the stock market saw its worst opening week for a new year EVER. In a series of unbelievable events—Brexit, some of the lowest interest rates in history, the election of Donald Trump, terrorist attacks...—2016 was surprising to say the least. So what’s in store for 2017? A new recession? A currency collapse? If something unpredictable happens to our economy, are your retirement savings safe? This week, on the David Lukas Show, David talks about all the unpredictable things that are not in our control financially. Throughout the hour our host talks in detail about the...
7 ways to be proactive in protecting your money and insulating yourself from disaster
- Getting a Financial Advisor
- Planning when to take Social Security at the right time
- Preparing for taxes after retirement
- Diversifying your portfolio
- Considering an annuity
- Creating an income plan
- A means to generate income in retirement
To hear about each way you can protect yourself and your hard earned retirement funds, in detail, listen to the entire show today!
Free Annuity Decision Guide:
Curious to know what The Annuity Decision Guide for Savers is all about? Click here!
Attention Arkansas listeners age 60 and up!
Request your FREE 2017 social security guide (45th edition) by calling (501) 218-8880 today! Or by going to SSBenefitsGuide.com
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
With every new year comes the resolution(s) to make life better...in all things. Whether it be fitness, family or financial, now is the time to make changes where needed. And who doesn’t want to make some changes financially? Perhaps you just want to spend less and save more? Maybe you’re ready to get rid of all your credit card debt? Possibly, you’re tired of taking a back seat in your retirement planning? If you’re ready to take charge of your financial life in 2017, you’ll want to listen to this week’s show!
Topics discussed in today’s episode:
- Social Security and the changes that will be made in 2017
- How to create a financial game plan
- Setting up a forward thinking tax strategy
- Establishing an emergency fund
- Making sure your plan is up to date
Get the NEW 2017 Social Security Guide (45th Edition) for FREE
The "2017 Guide to Social Security" is the perfect resource to learn everything you need to know about Social Security and how to get the most out of your benefits. This guide includes all updated information for the new year. The dream of a financially secure retirement starts with knowing that Social Security will provide over 50% of many retirees’ income. That’s why you NEED to know how it works.
Get your free customized Social Security analysis report here!
HOW WOULD IT FEEL IF YOU KNEW EXACTLY WHEN YOU COULD RETIRE AND HOW LONG YOUR MONEY WILL LAST? David Lukas Financial can help you put a safe and secure game plan together that you can count on. Call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. Remember, there’s never a fee to meet with David and explore our options.
Free Annuity Decision Guide:
Curious to know what The Annuity Decision Guide for Savers is all about? Click here!
A new year is upon us and now is the best time to get in there and be active in planning your life—after work. Are you getting the whole story? Do you know the details of your retirement? Chances are, you don’t. Deeper conversations with your Financial Advisor (FA) could be the difference between life after retirement and work after retirement. So what types of conversations should you be having? First, does he/she have you set up so that you gain the ability to generate income after retirement? Do you, the client, know when is the best time to claim Social Security benefits? Has your FA educated you on how to minimize taxes or how to withdraw from an IRA without getting hit with big fees. Do you know how often you will or should meet with your FA and what you’ll talk about when you do?
This week on the David Lukas show, David wants to know what you know about your retirement. He’s interested in talking about what your Financial Advisor knows about you and your goals in retirement. Because, with all of these important questions surrounding your investments, it’s so important to have an advisor that takes the time to understand your “personal” goals. David talks in depth about the importance of working with a Fiduciary to get the results you want.
Five things you should expect to happen when meeting with your FA:
- A discussion about the risk involved in all investment through various market cycles.
- An education in your investments, in simple easy to understand terms.
- A review of your retirements current status and explanation therein.
- That your retirement plan should be a comprehensive game plan. Not just a list of holdings
- An expectation of how often you will be meeting to review your situation.
To hear all of the important things said in this episode, listen today!
Get the 2017 Social Security Benefits Guide FREE
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis (valued at $124.95) provided by DL Financial, (FREE with coupon code: ss60) when you visit.
Interested in the WorryFree® Retirement? Get started in just five simple steps… 1. Clarify your vision
Before beginning any journey, it’s best to know where you are going and what to expect along the way. Our first step of the process is unique because it’s all about you and “your” vision of retirement.
Together, we will clarify where you want to go. We’ll help identify your personal strengths and opportunities and consider potential dangers and threats to your financial journey. A personalized written outline summarizing your unique vision will be mailed to you for review at no cost or obligation.
2. Assess your situation
A trusted doctor would never give a medical diagnosis without first looking you over. Neither will we! That’s the reason the second step was created: “The Assessment.”
At this meeting we will review your personal financial information. We’ll help organize your finances so that potential issues or concerns can be addressed and corrected. A brief written assessment of any findings and recommendations will be provided to you at no cost.
3. Commit your retirement
The WorryFree Retirement® is based on commitment and trust. In order to work together, we must confirm our commitment to the process.
We will never pressure you to buy anything from us, nor will we ever suggest you move forward with our recommendations unless you completely understand them.
4. Implement your Gameplan
Reaching any goal requires action. With implementation of your personal Gameplan, you will have a safe, easy to follow path format reaching your retirement goals.
This written Gameplan will be self-contained in a highly organized binder that clearly communicates your hopes and dreams.
5. Monitor your progress
There’s only one guarantee in life: Nothin’ stays the same! Because change is inevitable, we provide one-on-one consultation with you at no cost, whenever you need it. When you’ve got a question, we’ll be here for you.
That’s what trust and commitment are all about.
The WorryFree Retirement® Process anticipates change and values the idea of monitoring your progress along the way. Our time together also gives us a chance to explore new ideas and possibilities as well.
Ready to get started with The WorryFree Retirement process? Schedule a no cost consultation with David by following the link or calling: (501) 218-8880.
The 3 Personalities of Money®:
Do you know whether you are a Saver, an Investor or a Speculator? Learn about the three distinct personalities of money and take the FREE test today at: DavidLukasFinancial.com
If you knew that there were certain safe holds to secure your financial future and ensure that you could retire with less stress, would you take them? Would you choose a worry-full future or The WorryFree Retirement®? This week on the David Lukas Show, our host talks about what risks may be involved with your “basic” 401k retirement plan. Because there’s nothing worse than hoping for the best and receiving the worst. One area that can have a significant impact is to be proactive in planning your retirement by ensuring you aren’t taking unnecessary risk, especially if you are invested outside of your risk tolerance . Throughout the hour David mentions and expands upon other risk including:
- The risk of not saving enough
- The risk of skyrocketing health care prices
- The risk of not being diversified in your investments
- The risk of continued low interest rates
- Unnecessary Fees that cripple your savings
- The risk of having no plan for retirement
- The risk of future tax increases.
- How an annuity might be good for you
So what comes of blind 401k planning? A Hope and Prayer Portfolio. What the heck is that, you ask? Well, a H&P Portfolio is an investment portfolio filled with both high fees and high risk investments. Ergo, the holder places all hope that his/her investments are in their best interest and he/she is praying that their portfolio performs well. Reality Check: more times than not, this strategy doesn’t pay off for the investors—it is common for people to take way more risk than they want.
Want to know what David has to say about all of this? Listen to the entire show today.
Free Annuity Decision Guide:
Is an annuity right for you? Get the Annuity Decision Guide for Savers today by clicking here! Learn about the 4 types of annuities, the pros and cons of owning an annuity. Learn if an annuity is right for you.
Did you know that you can ask David your financial/ retirement questions? Email David with your important questions today and tune in to possibly hear your question answered ON THE AIR.
The 3 Personalities of Money®:
Do you know whether you are a Saver, an Investor or a Speculator? Learn about the three distinct personalities of money and take the FREE test today at: DavidLukasFinancial.com
Is following the herd what’s best for you? Do you wake up at night worrying about the hits your 401k may be taking with the Market? This week on the David Lukas Show, our host asks his listeners, “what is your 401k doing for you?” Because when it comes to retirement, most Americans have done little more than the basics. In fact, millions have contributed, monthly, to their 401k, (or as David affectionately calls a tax-postponement plan.)
Throughout the hour, David talks about what’s waiting for you when you’re ready or need to collect on your 401k and explains all the different actions needed to minimize taxes and avoid fees and penalties. David talks about how tax-diversification can be the key to retiring WorryFree®.
Just as someone shouldn’t put all of their hopes into one dream, a retiree shouldn’t put all of his or her money into one product. Penalties, fees, RMDs (required minimum distributions) and the possibility of having to pay within a higher tax bracket are just a few of the MANY reasons why every retiree and future retiree needs a solid game plan for their retirement.
So if 401k’s aren’t the best option for you in retirement, then what are your options? Here a just a few discussed in today’s show:
- Roth IRA
- An annuity
- Other tax-advantaged alternative assets classes that are often overlooked.
To hear all of David’s helpful advice listen to the entire episode today!
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
Curious to know what The Annuity Decision Guide for Savers is all about? Click here!
Want to know more about how David Lukas Financial can help you put a safe and secure game plan together that you can count on? —call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. Remember, there’s never a fee or obligation to meet with David.
According to a recent study, more than half of Americans age 55 and older don’t have a plan when it comes to money after retirement. That’s right, more than half! But guess what? You don’t have to be one of them! This week, on the David Lukas Show, our host David talks about what steps are crucial to planning a WorryFree® Retirement. Throughout the hour David names and expands upon...
The Seven Critical Steps to Retirement:
- Sign up for Medicare – Eligible at 65 and if you are already signed up to receive SS, then you will already be signed up for Medicare. *Don’t forget about PART B- Covers outpatient care. For this there is a short (basically 7 month) window to sign up without gaining a hefty penalty. Working with a Medicare specialist is crucial.
- Work with a Professional Retirement Income Planner – It is so important to work with someone who understands retirement income planning. In fact, it can be the difference between work after retirement and a WorryFree® retirement. A Professional Retirement Income Planner can also help you implement a proactive withdrawal strategy when it’s time to start spending your hard earned money.
- The Tax Tumor hidden in your 401k – Come retirement, you’ll need the funds that you’ve saved.The lean that the government has put on your 401k has a nasty little surprise that you may not even know is there. The dreaded Tax Tumor. Are you prepared for how much in taxes you will/may be paying on the amount your 401k adds to your income?
- Social Security – When your are eligible and what you agree to take is important to planning your retirement.
- A Budget – Planning a budget and keeping with it.
- Consider an Annuity – Annuities may not be for everyone, but an annuity may just be perfect for you and your portfolio.
- Minimize Risk – taking more risk than you feel comfortable with near retirement can have a negative impact. Make sure you know who much risk you are actually taking.
To hear David talk and explain all seven important points, listen to the show today!
Get the 2017 Social Security Benefits Guide FREE
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis (valued at $124.95) provided by DL Financial, (FREE with coupon code: ss60) when you visit.
Did you know that you can ask David your financial/ retirement questions? Email David with your important questions today and tune in to possibly hear your question answered ON THE AIR.
The 3 Personalities of Money®:
Do you know whether you are a Saver, an Investor or a Speculator? Learn about the three distinct personalities of money and take the FREE test today at: DavidLukasFinancial.com
America has spoken and Donald J. Trump is the president elect! So, now what? What does that mean in regards to the economy and your investments with Wall Street? How can/might this affect your life if you are at or near retirement? This week on the David Lukas Show, David first talks about the speculated volatility of our nation’s prosperity, in lieu of the recent election. Throughout the hour David explains all the ways that you can secure your money with David Lukas Financial while working within the WorryFree® Retirement system.
Subjects touched upon during today’s show:
- Stock Market stability
- Roth IRA - Roth option (individual and work). Why you should have both and max them out.
- Specially designed (planned) life insurance.
- Tax tumor preparation
- What David Lukas Financial can do for you
Listen to the entire show today to hear the valuable professional advice David has to give.
Get the 2016 Social Security Benefits Guide FREE
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis (valued at $124.95) provided by DL Financial, (FREE with coupon code: ss60) when you visit.
Did you know that you can ask David your financial/ retirement questions? Email David with your important questions today and tune in to possibly hear your question answered ON THE AIR.
Every year thousands of retirees get caught in the pitfall that is collecting Social Security. What many people don’t know is that without knowing how to set it up correctly or when you should have all of your preparations finalized you could be setting yourself up for disaster.
On this episode of the David Lukas Show, our informative host talks about all the important things YOU NEED TO KNOW about Social Security. Throughout the hour he educates his faithful listeners on the many common mistakes retirees make and what you can do to avoid them.
So what are the pitfalls of Social Security you ask:
- Spousal benefit - Some states don’t recognize certain marriages therefore they can’t use the spousal benefit
- Survivor and death benefit - If you remarry before the age of 60—50 if you’re disabled—you can no longer receive survivor benefits based on your deceased spouse’s work record. The survivor benefit is reduced if you collect before your own full retirement age
- File and suspend - Doesn’t help single people
- Delayed claiming - If you die before you collect benefits, you and your spouse will miss out on that income
- Lump-sum payment - Once you get the lump sum, your future monthly retirement benefit is reduced to reflect the amount you already received.
- Spousal benefit in divorce - You can claim the spousal benefit if you’ve been married for 10 years or more. But if you remarry, you can not collect the spousal benefit from your ex’s work record. Therefore, your spousal benefit will be reduced if you claim earlier than your full retirement age.
- Benefits while working - If you claim retirement benefits before full retirement age and continue to work, Social Security will withhold a set amount of your monthly payout above a certain annual income. In 2015 it will withhold $1 for every $2 earned over $15,720. Special rules apply for the specific year in which you reach full retirement age.)
To hear the insight David has to share on Social Security, listen to the entire show today! Do you have Social Security or retirement questions? If so, call or write in to David Lukas Financial, and possibly get your question(s) answered on the air!
Attention Arkansas listeners age 60 and up!
Request your FREE 2016 social security guide (44th edition) by calling (501) 218-8880 today!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Life can be scary and/or downright horrific at times—and not just at Halloween! In fact, because there are so many uncertainties surrounding all aspects of our lives it’s hard to know just how safe you really are in anything let alone your financial life. But, if you knew that there were certain safe holds to secure your financial future and ensure that you could retire without stress, would you take them? Would you choose a worry-full future or The WorryFree Retirement®?
This week on the David Lukas Show, David talks about what may or may not be freaking you out, when it comes to retirement. Throughout the hour David mentions and expands upon...
the 13 challenges—in retirement —that may be haunting you:
- The impending election: what could happen when either candidate wins
- National debt: the deficit and how high taxes will get to correct it
- What you don’t know about your 401k
- Having to go back to work
- Haven’t saved enough
- Worried about a repeat of 2007-8
- Skyrocketing health care prices
- Social Security worries and concerns
- The tax tumor that awaits after retirement
- Not being diversified in your investments
- Continued low interest rates
- Fees that cripple your savings
- No plan for retirement
Get the 2016 Social Security Benefits Guide FREE
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis (valued at $124.95) provided by DL Financial, (FREE with coupon code: ss60) when you visit.
Did you know that you can ask David your financial/ retirement questions? Email David with your important questions today and tune in to possibly hear your question answered ON THE AIR.
The 3 Personalities of Money®:
Do you know whether you are a Saver, an Investor or a Speculator? Learn about the three distinct personalities of money and take the FREE test today at: DavidLukasFinancial.com
There’s a lot of talk amongst Republican and Democrat financial talking heads about the upcoming election and what “could” happen to your investments should the market take a turn to the left or the right. Come November 1st, can your retirement fund withstand a possible hit? On this episode of The David Lukas Show, David takes the hour to talk about the possible liabilities your government sanctioned retirement funds (401ks, pensions, IRAs...) may carry with the market swings that could happen depending upon which candidate is elected.
Topics David covers today:
- Possible future changes to retirement plans
- Future Department of Labor rulings and what that means
- What unnecessary risks you could be taking with your money
- Taxes and deductions that could change with either candidate
- How to plan for retirement no matter who wins the election AKA election-proofing your portfolio
To hear all of the trusted information that David, Central Arkansas’s own, has to offer, listen to the entire episode today.
Did you know that you can ask David your financial/ retirement questions? Email David with your important questions today and tune in to possibly hear your question answered ON THE AIR.
Get the 2016 Social Security Benefits Guide FREE
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis (valued at $124.95) provided by DL Financial, (FREE with coupon code: ss60) when you visit.
This week on the David Lukas Show, David addresses his listeners with some very important questions concerning their retirement funds and what retiree’s expectations should be when it comes to retiring WorryFree®. For the first part of the hour, David talks about how all the financial uncertainties in life can directly affect retirement and what his company, David Lukas Financial, can do to protect you.
During the second half of the show, David discusses the web article 27 Ugly Truths About Retirement, By Alaina Tweddale, —find it here — and what they really mean.
Blurb:
Retirement isn’t all sailboats and golf courses. At least, that’s not what the one in four Americans who fear outliving their income think. That’s according to a recent survey by the Indexed Annuity Leadership Council, which also found that nearly one in five Americans don’t have a clue about how much they’ve saved for retirement.
Still, for those worried about retirement, forewarned is forearmed, as the saying goes. We’ve compiled 27 ugly truths about retirement, so you’ll know how to best prepare for each.
Scripture mentioned in today’s show:
Romans 13:1
Proverbs 8:5
Acts 13:31
Daniel 4:17
David’s message for his listeners: Fear not, no matter what. God is in control. And don’t give in to anxiety for this earth is NOT our home.
Did you know that you can ask David your financial/ retirement questions?
Listener’s question addressed in today’s show:
I may be downsized at my job, I’m 50 years old. I’d like to keep working. My 401k has the funds in excess of what would be needed for me to start my own business. What are the pros and cons of a 401k rollover for business start-ups? (ROBS Plan- Roll Over For Business Startup) Or should I just straight withdraw the money that I need from my 401k? The plan is to enter the trucking business and my startup costs are budgeted around 50-70k. Do you know of any Arkansas firms that have any experience with this strategy?
To hear David’s insights, on the world of finance and retirement, listen to the entire episode today.
Get the 2016 Social Security Benefits Guide FREE
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis (valued at $124.95) provided by DL Financial, (FREE with coupon code: ss60) when you visit.
Do you know who’s future you’re financing…
What you’ve learned from the schools, magazines, the media and from Wall Street itself may not be true; and is in fact, not true. Learn how to finance your own future and stop transferring it away to a system built to keep you coming back for more. Just how much do you know about that Federal Reserve Note that’s in your wallet?
Get David’s informative book Who’s Future Are You Financing here, today!
“Keep an eye on the stock market from August 1 through October 31. If stocks go up during that three month stretch, expect Clinton to win. If stocks slide, Trump will likely prevail.” —Via Heather Long, CNN.com
This week on the dlshowonline.com, David first speculates on all the talk surrounding how the Stock Market is predicting who our next president will be. Apparently, if the market is good, Hillary wins. And if the market takes a hit, Trump prevails. During the hour, our host speaks and expands upon the importance of a well diversified portfolio and how Savers, like you, can predict their own happy future by securing themselves a WorryFree Retirement.
Important topics discussed in this episode:
- Products that are more secure compared to the products that are high risk to market volatility
- Know what products you have and why you have them
- It is possible to achieve the same return with less risky investments
- Index Funds that truly pay off
- The importance of second opinions
Want to know what risks David Lukas Financial can alleviate from your retirement portfolio? Call David, at (501) 218-8880, and set up your Free NO COST appointment today. You won’t be sorry you did.
*David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Get the 2016 Social Security Benefits Guide FREE:
Listeners aged 60 or older, visit ssbenefitsguide.com to get your FREE, UP TO DATE, Social Security benefits guide for 2016.
The 3 Personalities of Money®:
Do you know whether you are a Saver, an Investor or a Speculator? Learn about the three distinct personalities of money and take the FREE test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
Understanding investments, bonds, and annuities isn’t easy. In fact, because all the details surrounding retirement are complicated, many soon to be retirees place too much faith in the the person/firm that’s making crucial decisions for your future. So what comes of that type of backseat planning? A Hope and Prayer Portfolio. What the heck is that, you ask? Well, a H&P Portfolio is an investment portfolio filled with both high fees and high risk investments. Ergo, the holder places all hope that his/her FA is investing in their best interest and he/she is praying that their portfolio performs well. Reality Check: more times than not, this strategy doesn’t pay off for the investors—instead performing well for the FA/firm.
This week on the David Lukas Show, your host David Lukas first talks about the doctorate of vocation and how important it is that we follow God’s plan for us in our careers. (For more information, check out this amazing article found on Theology Of Work.
Also, tied to the idea of vocation, David talks about his continued journey in adding VALUE to his current and future clients in retirement. Below are just a few of the important questions presented and answered throughout the hour.
- Do you know what you’re paying for?
- Do you know WHY you have the funds that you have?
- Do you know how much you are paying (fees, commissions)?
- Do you know the amount of risk your investments are taking?
Closing the show, David plays a recorded clip from Jack Bogle (Founder of Vanguard).
Did you know that you can ask David your financial/ retirement questions?
Listener’s question addressed in today’s show:
I may be downsized at my job, I’m 50 years old. I’d like to keep working. My 401k has the funds in excess of what would be needed for me to start my own business. What are the pros and cons of a 401k rollover for business start-ups? (ROBS Plan- Roll Over For Business Startup) Or should I just straight withdraw the money that I need from my 401k? The plan is to enter the trucking business and my startup costs are budgeted around 50-70k. Do you know of any Arkansas firms that have any experience with this strategy?
To hear David’s insights, on the world of finance and retirement, listen to the entire episode today.
Get the 2016 Social Security Benefits Guide FREE
Social Security Questions? Get a copy of SS Benefits Guidlenes Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis (valued at $124.95) provided by DL Financial, (FREE with coupon code: ss60) when you visit.
Do you know who’s future you’re financing…
What you've learned from the schools, magazines, the media and from Wall Street itself may not be true; and is in fact, not true. Learn how to finance your own future and stop transferring it away to a system built to keep you coming back for more. Just how much do you know about that Federal Reserve Note that's in your wallet?
Get David’s informative book Who’s Future Are You Financing here, today!
What is the purpose of your money? To Invest or Spend? What is the time horizon for each purpose? Long Term or Short Term? Are their specific risks you would like to minimize over that time frame? Where do you currently store your savings? Getting answers to these questions allows the financial professional to act as an advocate for their clients’ best interests. — John E Moriarty, ChFC
This week on the David Lukas Show, David and special guest John E. Moriarty talk about his latest book, Understanding Specially Designed Life Insurance Contracts (SDLIC): Thinking Differently about the Flexibility, Access, and Control of Your Money, and how important it is to know the difference between money accumulation and money utilization. Throughout the hour, David and John discuss the intricacies involved in behavioral finance, reducing risk, and the importance of knowing how money works internally and externally—simultaneously.
Important topics discussed…
- Strategizing so more money flows into your control
- How to retain and utilize more money during your lifetime
- What insurance companies offer specific contracts with features that specifically suit Savers
Listen to the entire show today to get all the important information on this topic.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880
About John Moriarty,ChFC: via e3wealth.com
John is the founder and president of e3 Consultants Group, where he has focused on comprehensive wealth management strategies since 1995. His passion for personal service is reflected in e3’s integrated financial network of trusted advisors, who help clients find the right balance of products and strategies to coordinate every piece of their financial picture.
John is an investment advisor representative in the State of Missouri and is a designated Chartered Financial Consultant (ChFC). He has passed several industry exams and has licenses for Series 6, 7, 22, 24, and 63. In addition, John is an Office of Supervisory Jurisdiction (OSJ) Manager, and a licensed broker for both health and life insurance in several states.
John graduated summa cum laude from Saint Louis University with a BSBA in Finance. He is a member of several nationally recognized financial service organizations, including the Financial Planning Association (FPA), National Association of Insurance and Financial Advisors (NAIFA) and the Society of Financial Services Professionals.
Educating the public is essential in today’s economy, so John hosts a weekly radio show called “Maximize Your Money” every Saturday 2:00-3:00pm on KFTK 97.1 FM. Also, John is the author of “Understanding the Secret Language of Money”. This book was written to awaken the “inner-entrepreneur” in all of us so we can begin to think differently about money and finance related decisions.
Born and raised in St. Louis, John currently resides in Webster Groves, Mo., with his wife, Ellen and their two children, Harrison and Catherine. In his free time, John is an avid golfer as well as a wine and cigar enthusiast.
One of the biggest investment expenses you will face in retirement is taxes. Planning for taxes can impact your long-term return and increase your likelihood of reaching retirement and financial independence.
— money.usnews.com
This week on the DL Show, our host David Lukas takes the hour to discuss how important tax diversification is and the looming detriment of your retirement accounts NOT being diversified. Important topics discussed in today’s show:
- What is tax diversification
- How do I diversify my portfolio
- Tax exempt options/holdings
- Important tax rate and deduction information
- Account withdrawal strategies
- What lost opportunity cost may be costing you
DID YOU KNOW…
if you have all or most of your money tied up into a 401k waiting to be taxed, after retirement, (or any other government sanctioned— or as David affectionately calls it, tax postponement — retirement plan) all of those funds WILL be subject to taxation at unknown amount? The thinking goes that you will always be in a lower tax-bracket in retirement. However, we don’t know what the tax rates will be in the future. Take a look at USDebtClock.org. Where do you think taxes are headed? Consider this, the government is borrowing over $40,000 per second more than they take in tax revenues and approaching 20 trillion in debt (Not including unfunded liabilities). Take a look at the History of tax rates in the U.S. Below. As you can see, they are historically low right now.
Learn more about the tax tumor hidden in your 401k right here.
What can be done about this? You have options. In fact, David Lukas Financial can help you deal with the tax-tumor head on. To learn more about The WorryFree Retirement®. Call David, at (501) 218-8880, to set up your Free NO COST appointment today. You won’t be sorry you did.
*David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The 3 Personalities of Money®:
Do you know whether you are a Saver, an Investor or a Speculator? Learn about the three distinct personalities of money and take the FREE test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
“As we peer into society's future, we -- you and I, and our government -- must avoid the impulse to live only for today, plundering for our own ease and convenience the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.”
― Dwight D. Eisenhower
This week on the David Lukas Show, David talks about all the caveats the government has made concerning your Required Minimum Distribution Amounts in retirement and what you need to know about the many rules that apply. Throughout the hour, David gets into the specifics needed to properly prepare for when retirees start taking distributions from their IRA, SIMPLE IRA, and/or SEP IRA. The mistakes are too costly not to plan properly.
Did you know that the IRS deems account holders ultimately responsible for calculating their Required Minimum Distribution (RMD) amounts on their retirement funds—not the account’s custodian? Do you know the IRS’s rules on Required Distribution Amounts (RDAs)?
According to irs.gov...
“You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½. Roth IRAs do not require withdrawals until after the death of the owner.
- Your required minimum distribution is the minimum amount you must withdraw from your account each year.
- You can withdraw more than the minimum required amount. Your withdrawals will be included in your taxable income except for any part that was taxed before (your basis) or that can be received tax-free (such as qualified distributions from designated Roth accounts).”
Get All of the important INFORMATION and FORMS needed to properly calculate your Required Amounts HERE.
Whose Future Are You Financing?
David’s first book was a result of His comprehensive study, research and application of economics, banking and our monetary system.
Pick up David’s book today by visiting the dlshowonline.com store.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
Who’s planning your retirement? Can he or she be trusted? Is that somebody worthy of controlling your future? Does your retirement planner have the education and credentials to ensure that you’ll have income for life, WorryFree®? This week, on the DL Show, our host David Lukas discusses and expands upon what a Retirement Income Specialist (RIS) is and what exactly it is that they do. So WHAT IS an RIS, you ask?
A Retirement Income Specialist is a professional that’s been trained to develop and implement comprehensive financial strategies for individuals, businesses, and organizations. He or she has the knowledge and skills to objectively assess your current financial status, identify potential problem areas, and recommend the appropriate options to take in planning for their clients financial futures.
Throughout the hour, David explains how Retirement Income Specalist are the only individuals truly qualified to help you create a personal budget, control expenses, and develop and implement plans for retirement, education, and/or wealth protection. David also expands upon how a RIS can advise in risk management, health insurance, and including strategies involving life and long-term care insurance.
To hear all of David’s expert opinion and suggestions, listen to the entire show today!
Want to know more about how David Lukas Financial can benefit you and your income in retirement? Call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
" After the greatest financial crisis since the Great Depression, Wall Street continues to speculate with your retirement savings with reckless abandon. Let "Guaranteed Income" show you how to create the risk-free retirement income you desire."
—Barry James Dyke
This week, on the David Lukas Show, David welcomes author Barry Dyke—a two time previous guest—to chat about his third book Guaranteed Income: A Risk Free Guide to Retirement. Throughout the hour David and Barry discuss the concept and details of Dyke’s latest publication that’s full of financial secrets only experts have known about—till now.
- Listen to the entire show today to get all the important insider information that only an expert like Barry Dyke can offer.
This is definitely a book that should be added to the Saver’s arsenal of knowledge. Guaranteed Income: A Risk Free Guide to Retirement will prove to be an invaluable resource for new or soon to be retirees looking to enjoy the second half of their lives WorryFree®.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
About Barry Dyke: via castleassetmgmt.com
BARRY JAMES DYKE, President & Founder of Castle Asset Management, LLC entered the financial services business in 1982 with Prudential after working with RCA Global Communications and high tech industries. At Prudential, he was one of the rookies of the year. Soon after he then became an independent agent with New England Life, founded a pension consulting business in 1986 called Chestnut Green Benefit that excelled in the design, installation and funding of both qualified and non-qualified retirement plans. He has also designed, communicated and administered numerous health and welfare plans, and in 1990 set up the first self funded PPO plan for a Fortune 100 company for a major Boston HMO. Dyke also founded an administration firm in 1991, The Merrimac Benefit Group, Inc. Which specialized in flexible benefit and defined contribution health and welfare plans under Sections 125 and 105 of the Internal Revenue Code.
He has also written about financial planning and retirement plan issues in national publications such as Pensions & Investment Age and Broker World, and in self-published newsletters. Dyke is currently working on a book that addresses the inherent problems of investing in the stock market, how deregulation and the central banking system have created the “Casino Age” which shifts additional risk onto consumers.
As one of the leading agents in his field, he has worked with numerous closely held businesses, high net worth individuals and major public corporations. In 2000, Dyke founded another corporation, Castle Asset Management, LLC that is a Registered Investment Advisor. Today, he spends the majority of his time in macroeconomic financial planning for his clients to help them maximize their opportunities, expose them to the severely damaging pitfalls of traditional “accumulation theory financial planning” most often promoted by major financial institutions, their agents and the media. He also assists clients in setting up their own finance companies. An ardent student in Austrian economics, Dyke defends the market economy, private property and sound money. He celebrates the freedom and productive power of capitalism, and views government intervention as socially and economically destructive.
This week, on the DL Show, our host David Lukas chats with his mentor and partner, in the WorryFree Retirement®, Tony Walker about the final most important player in retirement: Your Retirement Planner. Throughout the hour, David and Tony discuss many of the options available and appealing to Savers in preparing for retirement. Together, they explain and expand upon the concept of planning a retirement that not only makes sense but also a retirement that works for you. Because just as many FAs dislike and refuse to recommend annuities for their clients, equally as many retirement specialists suggest annuities as a fail-safe way to protect and set aside some, of an investor’s assets specifically for retirement.
Also included, David and Tony discuss and remind DL Show listeners that annuities are designed, and truly best suited, for savers planning and preparing for their second half of life.
If you are interested in a WorryFree Retirement® and hearing more about what you need to know about the 5 Players in Retirement, or what you need to know about an annuity you’re interested in or currently own, listen to the entire show today!
Whose Future Are You Financing?
Want to know more about how the Banks are banking off of your money? David wrote the book!
Check it out today in the DL Show Online Store or read a sample of it here.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Get the Annuity Decision Guide for Savers today by clicking here!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® It’s the only process in the country Dedicated To Helping Savers Worry Less About Money®
What would happen to you and/or your family if the financial supports of present—the government, employers, banks, and Wall Street—were, are no longer available to you? Would you still be able to retire WorryFree® or would you have to return to the work force just to make ends meet? Throughout the hour David explains how insurance companies and the products they provide should definitely be one of the cornerstones of every solid retirement plan. Why? Because none of other players in retirement offer or have the ability to provide guaranteed monthly income. Why is that, you ask? Because life insurance/annuities take longevity risk (the risk of outliving your money) out of the equation and provide what Savers are looking for. Savers want predictability and certainty.
Important topics discussed:
- Why you need an annuity in your retirement plan
- How insurance and annuities keep your money safe
- Insurance policies offer liquidity and access to your money if/when you need it without penalty
- There is no longevity risk with annuities as with other risky investments
To get all of this important information, and more, listen to the entire episode today. Also, all previous installments of this series are posted here on dlshowonline.com where you can catch up on any episodes you may have missed at any time!
Tune in next week for a special interview with David’s mentor and partner in the WorryFree Retirement® process Tony Walker.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning”
~Henry Ford
For this most recent installment of the David Lukas Show, David continues with the Who’s Supporting You/ Who Can You Trust Series by talking about the fourth player in retirement: your bank. Just how important of a player is your bank? Very. In fact, knowing how the banking system works is critical to responsibly planning your retirement and safeguarding your hard earned assets.
Throughout the hour David explains how banks really “hold” your money in trust. In other words, because banks are highly leveraged, they are able to loan out 90% of an account holder’s money. That means when you deposit $10,000 into your bank account, the bank can legally loan out $9,000 of YOUR MONEY! That deposit is not held in trust, as it should be.
Want to know more about how the Federal Reserve came to be? Listen to David Interview G. Edward Griffin, author of The Creature From Jekyll Island.
Important topics discussed:
- How banks work within the monetary system
- Why you need to understand how our monetary system works and how the banks control it
- Banks can and have failed
- The current state of the Deposit Insurance Fund (DIF) administered by the FDIC.
- Supporting retirement like grandad did with his interest earnings at the bank just isn’t possible in today’s low interest rate environment.
To get all of this important information, and more, listen to the entire episode today. Also, all previous installments of this series are posted here on dlshowonline.com where you can catch up on any episodes you may have missed at any time!
Whose Future Are You Financing?
Want to know more about how the Banks are banking off of your money? David wrote the book!
Check it out today in the DL Show Online Store or read a sample of it here.
3 Personalities of Money
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Get the Annuity Decision Guide for Savers today by clicking here!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® It’s the only process in the country Dedicated To Helping Savers Worry Less About Money®
“Hey, if I were starting over from scratch today with what we know, I’d blow up the existing structure and start over. What I’m talking about isn’t 401(k). I’m talking about the way investing is done.”
— Ted Benna, Father of the 401k
This week on the David Lukas Show, David talks about another important player in retirement, Wall Street and it’s primary tool for capturing your savings, the 401k. For most people saving in their 401k, they are limited to mutual funds that were designed and created by Wall Street. Since the early 1980s, Americans have been sold on why relinquishing control over their money, investing in 401ks, and taking risks in the stock market are essential for retirement. Essentially, the American worker was told: “You are now the owner of your own investment fund. But we are not responsible for whether it will be enough to provide a decent pension. That depends on you.” Over time, Defined Contribution plans that are stock market dependent overwhelmingly replaced plans in which companies promise fixed, reliable, benefits to retired employees
Tying the fate of the American family to the level of the Dow Jones represented a radical transformation of the American pension System. Wall Street was all too happy to fill this void. How is Wall Street benefiting off of your hard earned retirement funds? Tune in to find out…..
Important topics discussed:
- What a 401k actually is
- When, why, and how the 401k came to be
- Why and how 401ks can be detrimental to retirement
- How the WorryFree Retirement® knows how to provide security 401ks can’t
To get all of this important information, and more, listen to the entire episode today.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
Many soon-to-be retirees don’t know what’s in store for them when it comes to collecting Social Security after retirement. And, how if things weren’t set up correctly, come tax time, they may end up owing a lot more than they’d planned for. This week on the DL Show, David speaks candidly on what you need to know about Social Security and the taxation that those distributions are and can be subject to in the future.
During the first half hour, David explains the origin of Social Security—basically, the government created way of getting the old workers out to make room for the new—and the basics of how the government has managed to reach into your pocket yet again by taxing your Social Security as income. (Yes folks, that means you potentially could be paying taxes on money you’ve already paid taxes on!)
In the last half, David discusses:
- The practice of spending retirement assets down to avoid extra taxation.
- How SS is taxed differently—people may have to pay federal income taxes if they have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported to the IRS) along with his/her benefits.
- How important it is to coordinate all of your current/future assets within your retirement.
- How single/married SS income is taxed differently.
Want to know more? Listen to the entire episode today.
David Lukas Financial can greatly benefit you and your retirement portfolio. For more information call all David Lukas, (501) 218-8880, today to hear more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The 3 Personalities of Money®: Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Social Security Guide (44th Edition) The “2016 Guide to Social Security” is the perfect resource to learn everything you need to know about Social Security and how to get the most out of your benefits. This guide is the 44th addition and includes all updated information for 2016. Request your copy HERE!
Don't you love a farce,
My fault I fear,
I thought that you'd want what I want
Sorry my dear!
But where are the clowns?
There ought to be clowns.
Quick send in the clowns.— Stephen Sondheim
In regards to the financial industry, there are a lot of clowns out there performing and vying for your attention. They make noise and throw shocking statements in their audience's’ faces in hopes of gaining more accounts and more money. And, although these clowns seem to have your financial best interest in mind, for the most part, they just want your money. This week David talks about the real advice you need concerning your retirement. Throughout the hour, he first mentions some clownish advice by numbers:
- It’s easy to earn 12% in good growth mutual funds
- —Max-out your 401k orIRA, tax-postponement plans will always save you taxes
- No one needs life insurance In retirement, so buy term and invest the difference
- Reinvesting the dividends on your investments always makes sense
...and then lists what your REAL options are when you ask, “what are my options when it comes to my 401k plan. David’s suggestions are:
- Coordinate it with your other benefits - to minimize unnecessary taxation
- Stretch it - to try to minimize the taxes and extend said IRA for generations to come.
- Defer it -put off the inevitable
- Convert it - into a Roth IRA
- Insure it - essentially making the IRA tax free by directly dealing with the infamous tax tumor
- Gift it
- Spend it
And how can you accomplish these things? Call David today!
Listener’s question addressed in today’s show:
Andrew in Little Rock asks...
Can you roll a 401k over into an annuity while you’re still working?
David’s answer: If you are over the age of 59 ½ and still working, in many cases you can rollover that 401k. But keep in mind, it takes a retirement specialist ensure that this process is done correctly.
To hear what advice David has to give about developing a strategic retirement game plan, listen to the entire episode today.
Biblical theme of today’s show: faith in relation to worry
Bible verse(s) featured in today’s show:
Hebrews 11:1 Now faith is confidence in what we hope for and assurance about what we do not see.
Interested in learning more about how David Lukas Financial can benefit you and your retirement portfolio? Call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
This week on the DL Show, David talks about the financial social discourse when it comes to your retirement. What’s the argument? Wall St. vs. Main Street. Why the disagreement? The dissension exists because, in all truth, Wall Street offers no guarantees on the return of the money investors put in. In fact, the Main Street mentality differs so greatly from Wall Street’s that Savers need to know the truth and security behind The WorryFree Retirement.®
Topics discussed in this week’s’ show:
- Don’t focus on a product, focus on the process
- Knowing the truth about Wall Street and annuities.
- Insurance provides protection.
Listener’s Question addressed this week:
My father recently passed away and my mother inherited an annuity and it’s still paying 3%. What kind of annuity would still do that?
To listen to the professional information and advice that David has to give on owning and shopping annuities listen to the entire episode NOW.
Truth: Just 2% in fees, over a lifetime, will slash your retirement account by 65%. Want to know how much you are paying in fees? Know what you’re paying. Download your FREE Fee Disclosure Kit by visiting
davidlukasfinancial.com and give it to your FA today.
Scripture Discussed in today’s show: Romans 15:18-20
The infinite wisdom of the apostle Paul…
18 I will not venture to speak of anything except what Christ has accomplished through me in leading the Gentiles to obey God by what I have said and done— 19 by the power of signs and wonders, through the power of the Spirit of God. So from Jerusalem all the way around to Illyricum, I have fully proclaimed the gospel of Christ. 20 It has always been my ambition to preach the gospel where Christ was not known, so that I would not be building on someone else’s foundation.
Article Discussed in this week’s show: 8 Tips for Surviving the Stock Market's Record Drop by Lou Carlozo.
Book discussed in this week’s show: The Creature From Jekyll Island by G. Edward Griffin. Think the creation of money is a boring subject? Think again! Just how much do you know about that Federal Reserve Note that’s in your wallet?
Want to know more about how David Lukas Financial can help you put a safe and secure game plan together that you can count on? —call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. Remember, there’s never a fee or obligation to meet with David.
"Our personalities are made up of physical, mental, emotional, and spiritual components. They're molded and colored and given intricacies by our upbringing, our experiences, our fears, our passions, and our observations of the world. What I am calling your “Financial Personality” is just one aspect of who you are."
– Tony Walker, author & creator of The 3 Personalities of Money®
On this installment of the David Lukas Show, David first addresses the three types of financial personalities and how important it is to know what yours is and why. David also explains how your personality influences how you feel and deal with your money. So what, specifically, are The 3 Personalities Of Money® you ask?
- Speculator- A speculator is a trader who approaches the financial markets intending to make a money by buying low and selling high (or higher), not necessarily in that order. The speculator is distinguished from the investor, who approaches the financial markets with the intention of making a return on his capital.
- Investor- An investor allocates capital expecting a positive future financial return. Investors approach the financial markets with the expectations of making a return on his capital.
- Saver- a person who regularly saves money through a recognized scheme. They’re interested in an object, action, or process that prevents their financial resources from being used up or expended.
Do you know what your financial personality is? If you’re a saver, you’ve got to understand your personality before you can appropriately make decisions concerning your retirement. Not sure where you stand? Take the test NOW.
Biblical theme of today’s show: With faith in God, the future is bright.
Ecclesiastes (NIV) 8:7, Since no one knows the future, who can tell someone else what is to come?
Luke (NIV) 17:24, For the Son of Man in his day will be like the lightning, which flashes and lights up the sky from one end to the other.
Did you know that the Official David Lukas Show Android App, Iphone App and Windows App are available and FREE!!! You can listen to the archived shows on demand, take advantage of valuable information and bonus content.
Want to know more about how David Lukas Financial can help you put a safe and secure game plan together that you can count on? —call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. Remember, there’s never a fee or obligation to meet with David.
When The Market is dipping and diving week on end, it’s hard to just sit back and “hang in there.” Especially when we’ve all been pigeonholed into being an investor or a speculator. Unfortunately for Wall Street, we’re not all Investors and Speculators. In fact, many of us are Savers looking to safeguard our retirement funds—not gamble them away or put them into something that is unpredictable or uncertain.
This week on the DL Show, David talks about how annuities should work for and benefit Savers. Also, David discusses the steps that Savers can take to buy annuities safely.
Key Items discussed:
- Beware the unscrupulous salesman
- The security Fixed Indexed Annuities provides
Scripture of the Day: Bible Verse(s) discussed (NIV): Proverbs 8-11
What the bible has to say about wisdom: Instruction is key in gaining knowledge and later attaining wisdom.
Are you struggling just to understand things? Are you confused and acting on impulse when people are trying to sell you things? If you find yourself stuck in these situations or decisions, look to God.
Do you have a specific financial question that needs answering. Call or write in to David Lukas Financial, and possibly get your question answered on the air!
If you’re a saver that’s interested in finding out more about the WorryFree Retirement® Process, you’ll want to listen to the entire episode. Also, be sure to tune in Saturday at 2:00pm for the next installment of the Annuities ED Series. It’s definitely something you won’t want to miss.
With so many “professional” opinions out there, concerning finance, sometimes it’s hard to differentiate between valuable information and propaganda. And before HUGE decisions are made there are many important factors to consider—whether you’re planning on taking a lump sum payout, a monthly income, or a roll-over in relation to your pension. This week, on the DL Show, our host David explains what future retirees need to know about their pensions, if they have one, before retiring. Topics discussed in today’s show:
- Defined Benefit Plan. This plan,otherwise known as the pension, is guaranteed by the employer for the policyholder to receive a definite amount of money at retirement. Guaranteed.
- Defined Contribution Plan. This plan, otherwise known as the 401k, is a money match or percentage contribution to a profit sharing pool where you, the employee, takes all the risk. The final amount of money received depends on how the investment performs in the stock market. Unguaranteed.
- The Tax Tumor. The tax tumor is what’s owed in the future when cashing in on your 401k. (Insider info: nobody knows what the tax percentage will be in the future. But one thing’s for sure. It will be higher.)
David also addresses a listener's question:
I put 10% into my 401k plan. The company matches 6% and I was wondering...Is it advisable to keep putting that much in my 401k plan or should I think about something else with my money?
To hear the insight David has to give, listen to the entire show today! Do you have pension, 401k, or retirement questions? If so, call or write in to David Lukas Financial, and possibly get your question(s) answered on the air!
Bible related theme discussed today: Contentment — to be satisfied. How do we remain satisfied and content in life? By remembering that God gives us the good and the bad. Without the bad, we can never fully appreciate the good.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The 3 Personalities of Money®: Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide: STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
"I’ve created a monster." – Ted Benna, the creator of the 401k. When it comes to basic retirement planning, most of America’s been drinking the Koolaid. And for years, or for some, entire career spans, millions have been contributing, monthly, to one of the largest government tax-postponement plans in existence—the tax deferment plan otherwise known as the 401k.
On this episode of the DL Show, David talks about what’s waiting for you when you’re ready or need to collect on your 401k. Throughout the hour David explains all the different actions needed to minimize taxes and avoid fees and penalties and explains expands upon how tax-diversification can be the key to retirement success. Because just as someone shouldn’t put all of their hopes into one dream, a retiree shouldn't’ put all of his or her money into one product.
Penalties, fees, RMDs (required minimum distributions) and the possibility of having to pay in a higher tax bracket are just a few of the MANY reasons why every retiree and future retiree needs a solid game plan for their retirement.
So if 401k’s aren’t the best option for me in retirement, than what are my options? Here a just a few of the options discussed in today’s show:
- Roth IRA
- An annuity
- Other tax-advantaged alternative assets classes that are often overlooked.
Want to know more? Listen to the entire episode today!
Biblical theme of today’s show: Things that are hidden and not seen.
Bible verse(s) featured in today’s show: 2 Corinthians 4:16-18 New International Version (NIV)
16 Therefore we do not lose heart. Though outwardly we are wasting away, yet inwardly we are being renewed day by day. 17 For our light and momentary troubles are achieving for us an eternal glory that far outweighs them all. 18 So we fix our eyes not on what is seen, but on what is unseen, since what is seen is temporary, but what is unseen is eternal.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Curious to know what The Annuity Decision Guide for Savers is all about? Click here!
Want to know more about how David Lukas Financial can help you put a safe and secure game plan together that you can count on? —call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. Remember, there’s never a fee or obligation to meet with David.
There are lots of mixed signals out there, in the financial world. And the new trend is for Financial Advisors and the media to fear monger about everything financial. Of course it is human to fear and worry about what we don’t understand. Lucky are the listeners of the David Lukas Show, in that he works hard to educate and help Savers Worry Less About Money®.
This week, on the DL Show, David talks about how Wall Street banks on the heavy dose of fear fed to Savers. Promoting the ear of being taken advantage of and fear of the unknown is how Wall Street has duped Savers into thinking that moving their fee-laden mutual funds—the funds that they, the Financial Advisors, are making a pretty penny on—into annuities is a bad move because of SURRENDER CHARGES!
Throughout the hour, David explains why and how Savers have less reason to fear the sometimes unpredictably fickle Market when they choose to participate in The WorryFree Retirement®.
Listener’s question addressed in today’s show:
Hey David. I have some concerns because I’ve had some health issues in the past. I didn’t work for about 4 years and because I was a single mom for eight years and couldn’t put any money away in my 401k. Now, I feel like I’m behind in where I should be and I’m concerned about when I can retire. How do I get to the point where I can retire comfortably? We would like to take the money that we do have and grow it as much as possible without taking too much risk.
Essentially, what this listener is saying is that she needs a game plan. To hear what comments and suggestions David has to give about developing a strategic retirement game plan, listen to the entire episode today.
Recommended Reading:
Recommended Reading talked about in this broadcast: The Creature of Jekyll Island by G. Edward Griffin.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
To learn more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
This week’s words of wisdom:
"You can have everything in life you want, if you will just help other people get what they want." - Zig Ziglar
Because Americans, en masse, participate in Qualified Plans without having all the details of how they actually work, many soon-to-be retirees are finding that their 401ks are falling short in means of future comfort. This week, our host David Lukas dives into the topic of 401ks and what you, as an investor in your future, need to know before retirement. Throughout the hour, David explains and expands on the importance of understanding the negative implications of future taxation as well as the effect that hidden fees can and will have on your hard earned retirement funds. Important financial questions that David addresses this week:
- What types of fees am I playing on my 401k?
- How much of my 401k do I actually get to keep?
- What are the external costs of my 401k?
- How much in taxes do I pay if I want to cash in my 401k before I retire?
- What are the differences between the internal, external, and eternal rates of return?
This episode of the DL Show is filled with great information and tips on how you too can retire WorryFree® Listen to entire episode here online today! You won’t be sorry that you did! Related DL Show with connectedly important information: I'm From the Government and I'm Here To Help With Your 401k
Did you know that just 2% in fees, over a lifetime, will slash your retirement account by 65%. Want to know how much you are paying in fees? Download your FREE Fee Disclosure Kit by visiting davidlukasfinancial.com today. Want to know exactly how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located in North Little Rock, Arkansas.
Not sure if you’re a Saver, an Investor or a Speculator? Find out your financial DNA today at davidlukasfinancial.com
“You finance everything in life you buy. You either pay interest, or you give up the ability to earn interest on that money you would have earned had you not given it to someone else.” —David Lukas Do you have a plan in place to insure that your income will last as long as you live? Insider tip: The only place you can get that type of guarantee is with an insurance company through an annuity. Lord knows, retirement planning would be a lot easier if we all knew how long we were going to live. Unfortunately, we don’t have that type information given to us. Our fate is out of our hands– our financial futures don’t have to be. On this week’s installment of the David Lukas Show, David talks about the differences between life insurance and annuities and why, in an ideal world, Savers would have both of the product in their retirement plans. Throughout the hour, David talks about the benefits of safeguarding your hard earned retirement funds with products like life insurance and annuities. As he explains what annuities actually are and how they work, David also discusses how every financial decision we make comes with an internal cost an external cost and finally an eternal cost. David also explains how important it is that Savers know what could potentially be costing them a WorryFree Retirement®. Also mentioned are the four financial institutions that determine what your costs are:
- The government
- Wall Street
- Banks
- Insurance companies
Listen to the entire show today to hear all of what David, Little Rock’s own has to say on these and other important topics that effect Savers and their retirement.
Q&A With DL Show Listeners:
"I have an ESOP at work. I was wondering what age I can get to it, and can you send me any information on ESOPs in general?" —Harvey, from Sherwood Arkansas.
Do you have 401k, 401b, tax, investment, or questions about the WorryFree Retirement® ? We have answers. Get all of your financial questions answered by calling David Lukas Financial, at (501) 218-8880, and setting an appointment with David right now.
Scripture(s) discussed in today’s show: Matthew 11:28 Ecclesiastes Solomon Subject: Costs...in life and eternity.
- Internal cost — the internal workings, we have to work hard internally and while we're young and fit to do that, we're supposed to work hard and save.
- External cost — God has has called us to work and save just as he has called at some point in our life for us to enjoy the fruits of our labor.
- Eternal costs — the eternal blessing. God wants us to look back one day when we can't work so hard, when the kids are grown, or when the nursing homes are knocking at our doors and look back and realize that this stage is all about rest.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Get the Annuity Decision Guide for Savers today by clicking here!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
Have you ever Googled the word annuity? If you haven’t, maybe you should. Much to the financial industry’s dismay, annuities have become popular products that help Savers use, enjoy and protect their hard earned money. This week, on the David Lukas Show, David focuses on annuities and why/how they have recently become the sweethearts of the insurance business.
David first chats about something that happened back in 2014—an estimated 50 billion dollars moved from managed accounts into products called hybrid annuities (fixed indexed annuities). Yes folks. That’s 50. Billion. Dollars.
So why did all that money move from Wall Street to insured contractual agreements? Security. That’s when many “investors” finally realized that they were actually Savers more interested in the return of their money other than the rate of return on their money.
In the second half of the show, David names and explains what the four types of annuities are:
- Fixed
- Variable
- Immediate
- Fixed-Index (Hybrid)
...and how each one differs from the other.
Listeners’ questions addressed during the show:
Hi David. I have an annuity currently making 3% interest. Can I get a better rate somewhere else? —Ricky in Little Rock, AR.
What is an indexed annuity, and is it better than a fixed rate annuity? What if interest rates go up, what about bond rates? —Charles in Austin AR.
To hear the valuable advice David has to give Ricky and Charles, listen to the entire episode today.
Bible verse(s) featured in today’s show: Matthew 13:22, Ephesians 2:4, Ephesians 3:16, Ephesians 14:18-22
Focus: Riches in this world and there after.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Get the Annuity Decision Guide for Savers today. Just click here!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
Caveat Emptor is an old Latin warning that notifies a buyer that the goods he or she is buying are “as is,” or subject to any, or all, defects. Armed with this knowledge, how are we as Savers to know what types of goods (financial products) are good for our portfolios and which types of goods could be devastating? On todays episode of the DL Show, our host David Lukas talks about how important it is that both current and future retirees know and understand on the “rules of the game”—the retirement game, that is.
Topics discussed in this week’s’ episode:
- Don’t focus on a product, focus on the process
- Knowing where different products fit into a well rounded retirement plan
- Understanding Annuity surrender fees and contractual half-truths
- Unilateral contracts (definition and explanation) and the benefits therein
Q&A with DL Show listeners:
I’m thinking of leaving my job and have a 401k. What are the penalties for just taking the money, and if there are any kind of hardship provision to do so?
— Karen, from Cabot AR.
In response, David explains how age, taxes, and penalties can all come into play when considering a draw from a current 401k.
I’m 62 and already retired. I’d like to know how I can use the IRA to invest in another property to live in without the government taking taxes?
— Danny, from Little Rock, AR.
In response to Danny’s question, David talks about how putting realestate into an IRA isn’t always the best option when it comes to specific property types and tax advantages.
Do you have 401k, 401b, tax, or questions about the WorryFree Retirement® ? We have answers. Get all of your financial questions answered by calling David Lukas Financial, at (501) 218-8880, and setting an appointment with David right now.
Scripture Discussed in today’s show:
Understanding the unilateral offer from God…
4There is one body and one Spirit, just as you were called to one hope when you were called; 5 one Lord, one faith, one baptism; 6 one God and Father of all, who is over all and through all and in all.
Want to know exactly how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
What fee’s are you paying? Download our FREE Fee Disclosure Kit and submit it to your financial advisor/retirement planner to find out!
Seems lately Wall Street’s spending a lot of time trying to get investors into a condition of fear. If you’re a Saver that’s been fooled into thinking you’re an investor–things have been scary lately. On this episode of the David Lukas Show, David points out the differences between Savers and Investors and the types of products that cater specifically to people who are concerned about the return of their money. Not just the rate.
During the first half, David explains how conditional specialized insurance plans can provide the security needed in today’s volatile market.
Hot topics touch on today’s episode:
- OPI-other people’s money
- Concept of capital at work
- Sleep Insurance®
David then addresses a valued listener’s question about annuities.
I’ve got an annuity with you. Does that mean they won’t get anything when I pass? _______ says they won't.
—Chuck from Little Rock, AR.
To hear what advice David Lukas—Little Rock’s own retirement specialist— has to give Chuck, listen to the entire episode today.
From the halfway point to wrap up, David elaborates on how David Lukas Financial is a savvy choice for fee conscious Savers looking for a WorryFree Retirement®.
To hear all of the valuable information David has to offer listen to the entire episode today.
Bible verse(s) featured in today’s show: Galatians, Chapter 5. Verses discussed: verse 1, verse 18, verse 22 Focus: flesh and spirit
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Curious to know what The Annuity Decision Guide for Savers is all about? Click here!
The first week of 2016 was the worst five days in recorded history, for the US stock market. The Dow Jones Industrial Average closed out… low—finishing the worst opening week ever seen for the world’s largest economy. While this was happening, many of the financial talking heads were yelling “CORRECTION! CORRECTION!” Now, whether this was the tipping point of a major correction or not, the volatility of the market could and still can’t be denied. It is historically evident that the stock market experiences a major correction every 7-8 years. Equipped with this information, why would you put your hard earned retirement funds at risk, if you’re at or near retirement? You’ve been told you have to—that’s why!
This week on the DL Show, our host David Lukas kicks off the new year with a familiar yet important message:
There are no guarantees in life just as there are surely no guarantees in the stock market...unless you plan right!
During the first half of the show, David speaks on the importance of planning and diversifying retirement portfolio.
During the second half, David reads and explains several of his favorite scriptures and how they directly relate to God’s intentions regarding money. To hear all the valuable insights David—Little Rock’s own retirement expert—has to give concerning a WorryFree Retirement®, listen to the entire show today!
Do you have retirement questions? Call or write in to David Lukas Financial, and possibly get your question answered on the air!
Scriptures mentioned today: Matthew 6:24 New International Version (NIV) 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.
Ecclesiastes 2:18 New International Version (NIV) 18 I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me.
Ecclesiastes 2:24New International Version (NIV) 24 A person can do nothing better than to eat and drink and find satisfaction in their own toil. This too, I see, is from the hand of God.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
“What Savers need to understand is that somehow somewhere they’re going to have to figure out how to get some fixed indexed annuities into their retirement game plan. Why you ask? Because there is no other product that will guarantee money for life. That’s why.”
–Tony Walker
On this week’s episode our host welcomes frequent guest Tony Walker, retirement expert and creator of the WorryFree Retirement®, back to the David Lukas Show and entreats him to share his valuable knowledge of annuities with listeners.
First, David and Tony discuss how different the pension of old is compared to the 401K of today. While chatting about the differences, Tony and David mention and suggest several alternatives that are suited perfectly for Savers.
Tony also mentions that hybrid products such as life insurance and long-term-care policies might be a better option for some during the retirement planning process. With these types of policies, your benefits can be used for either long-term care or life insurance, or partially for both.
Wrapping up hour, David and Tony discuss the types of financial products that Savers like and remind listeners of just how easy the WorryFree® retirement planning process is.
What type of financial products are offered to Savers specifically –you ask?
- Fixed & Immediate Annuities
- Fixed Indexed Annuities
- Hybrid Annuities
- Cash Value Life Insurance Contracts (7702 Retirement Plans)
- Insurance products that provide Disability and Long Term Care
Not sure what these products are or what they provide? Contact David Lukas Financial today at (501) 218-8880.
*This installment of the DL Show is filled with great information and expert tips on how you too can retire WorryFree® Listen to entire episode here online today! You won’t be sorry that you did!
Tune in next week to hear what David has to say about the benefits of retiring truly WorryFree®.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
This week on the David Lukas Show, our host David speaks on the importance of knowing which products are great for Savers—ergo light on fees. Because fees are the number one factor in asset erosion, David stresses the importance in picking products with the lowest fees is the best way to ensure positive return. With these factors in mind, David plays and then discusses a clip from the PBS special, The Retirement Gamble, which explains, specifically, how devastating the compounding costs of fees can and will be to your retirement account.
“What I uncovered while making this documentary made me rethink my financial future. It just might do the same for you.
Because as long as they don’t run away with our money or invest it in a Ponzi scheme, they have little in the way of accountability to us when something goes wrong. And even then it can be hard to fight back.”
David then plays a second clip from an interview with author John Bogle where Bogle states that there needs to be a full disclosure of fees and advisor (retirement or financial) profit before investments are made. Basically, what it all boils down to, is this: Do you really want to participate in a system where you put up 100% of the capitol, assume 100% of the risk, and only receive 30% of the return?
David closes the show by answering a couple of valued listeners’ email questions. The first question being…
From Little Rock,
Hi. I’m soon to be 66, in March 2016, and I want to enroll and then suspend my Social Security payments until later. I read where the government will be eliminating that program sometime next year. Will I still qualify for that suspension, if I do it before the program’s eliminated?
I also read that I can increase my Roth payments more than max if I had not contributed max annual payments over my life. I didn’t start retirement plans till I was 48. Thank you.
To hear the insight David—Little Rock’s own retirement expert—has to give, listen to the entire show today! Do you have Roth IRA or retirement questions? If so, call or write in to David Lukas Financial, and possibly get your question(s) answered on the air!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
Attention: Arkansas listeners age 60 and up: request your FREE 2015 social security guide (43rd edition) by calling (501) 218-8880 today!
And remember, your best defense is an informed mind. Knowledge is power.
Concerning the horrific event that occurred on December 2nd 2015: Our thoughts and prayers are with the San Bernardino victims and their families through this heartbreaking time. There is nothing that can be said that will ease the pain of their loss. May God bless and keep them for they are in His care now and forever.
During this all-new installment of the David Lukas Show, David first speaks on the most recent act of terrorism placed upon Americans in San Bernardino, CA. on December 2nd 2015. Throughout the first half of the show, David speaks candidly on topics such as: gun control, media sensationalism, migration, and the scary lengths at which terrorists will go to fulfill their singularly evil agendas. Also mentioned and discussed, bible verses that explain and comfort in these troubled times.
During the second half of the show, David gets back to business, so to speak, by chatting about author Barry Dyke’s third book Guaranteed Income A Risk Free Guide to Retirement. It’s Barry’s latest publication recommended by David, himself, and soon to be added to the DL Show’s Recommended Books page. Once added to the Saver’s arsenal of knowledge, Guaranteed Income A Risk Free Guide to Retirement will prove to be an invaluable resource for new or soon to be retirees looking to enjoy the second half of their lives WorryFree®.
To hear all that David has to say, listen to the entire episode today.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
The date for the upcoming retirement workshop, hosted by David Lukas Financial, is still undecided. Check the events page frequently for updates.
Arkansas listeners age 60 and up: request your FREE 2015 social security guide (43rd edition). Call (501) 218-8880 to secure your copy today!
On this episode of the DL Show, our gracious host first welcomes special guest Tony Walker, David’s mentor and partner in the WorryFree® Retirement process, to the show and chats with him about the recent budget cut soon to be singed into law. A budget cut that affects Social Security as it relates to soon to be retired individuals. Apparently, The File and Suspend (an action that allows a person who hasn’t previously retired to reach retirement age and then suspend those payments until a later age) option currently available to everyone eligible for Social Security withdraws is about to be terminated. Tony states that many retirees have used this option as a psudo-retirment strategy, to gain more money on the front end but unfortunately it’s a flawed plan. Because we don’t know how long we’ll live, that may not be the best strategic position to take. The WorryFree® retirement is more of a whole-istic approach that does include social security within the planning process but just as one element of the entire plan.
During the second half of the show, David dedicates his time to answering a valued listener’s important financial question.
Tony from Little Rock asked:
I recently opened an IRA for myself and my wife with ______________. And I urged them to put the money into a fixed index annuity within the IRA. ___________ said that they do not endorse or sell those products. Instead they put me into a variable annuity. I have read the annuities decision guide, and other books, and I’m becoming a fan of fixed indexed annuities. Would it be possible to move my variable annuity from ___________ over to you with a fixed indexed annuity? Are there minimum surrender charges? Would there be a penalty because I just opened it in the last 60 days?
To hear the insight David—Little Rock’s own retirement expert—has to give Tony, listen to the entire show today! Do you have IRA or Annuity questions? Call or write in to David Lukas Financial, and possibly get your question(s) answered on the air!
At the show’s closing, David speaks on the importance of transparency, keeping with last week’s concept of trust, when it comes to your accounts and their fees. As David frequently says, “It’s extremely important to know what you’re paying.” Visit davidlukasfinancial.com today to request the FREE fee disclosure kit which includes many helpful resources on the topic of fees. Simply provide the kit to your current financial adviser/insurance agent or other point of contact and have them complete it for you, it’s that simple!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
The date for the upcoming retirement workshop, hosted by David Lukas Financial, is still undecided. Check the events page frequently for updates.
Arkansas listeners age 60 and up: request your FREE 2015 social security guide (43rd edition) by calling (501) 218-8880 today!
This week on the David Lukas Show, David reminds all of his valued listeners how important it is to not only safeguard their money, but to also enjoy the benefits of all their hard earned saving. After all, you can’t take it with you! In the first segment, David talks about the two halves of life and how each one is instrumental to the other. Without the first half, the accumulation phase, the second half, at or near retirement, cannot be done WorryFree®. Without a proper game plan, it’s almost impossible to protect, use and enjoy your money after you’ve finished working.
In the second segment, David answers a couple of listeners’ urgent questions. Jane, from Little Rock, sent the first question.
Backstory: Jane’s husband is physically disabled and co-owns a $160,000 home with around $75,000 in equity. Their house payments are about $1,200 a month on a 15-year mortgage. They have limited income and Jane wants to know whether they
“should sell our home and scale down to a condo or refinance to a 30-year mortgage? Or should we hold on for two more years and refinance without a penalty charge of $1,700?”
The second question submitted was from Beth from Jacksonville, Arkansas.
Backstory: Beth has a 401K that is completely vested, worth about $60,000 and no longer works for the company she started it with. Beth says,
“I’m 56 and cannot draw from it until I’m 59 ½. I am about $10,000 in debt and I would like to use the 401K to pay it off and then put the balance in a Roth IRA. How do I go about doing that?”
To hear all the valuable insights David—Little Rock’s own retirement expert—has to give Jane and Beth, listen to the entire show today! Do you have 401K questions? Call or write in to David Lukas Financial, and possibly get your question answered on the air!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
The date for the upcoming retirement workshop, hosted by David Lukas Financial, is still undecided. Check the events page frequently for updates.
Arkansas listeners age 60 and up: request your FREE 2015 social security guide (43rd edition). Call (501) 218-8880 to request your copy today!
This week, on the David Lukas Show, David chats about all the bad things that can rain on your retirement parade. So what’s the best thing to combat the retirement woes? Knowledge! Throughout the hour, David discusses the four costs of money and what Savers can and should do to educate themselves on:
- Fees – know and understand the fees you are paying
- Taxes – know and understand how much you are paying on what
- Premiums – know and understand the projected fees your FA could/will earn
- Interest – know and understand how devastating compounding interest and lost opportunity cost can be–especially in connection to debt
During the second half of the show, David addresses some questions sent in by listeners.
Richard from Little rock.
I just got fired from my employer. I have a 401K and It received the max match benefit from my employer. Will I get to keep that money, and what should I do with it?
-Richard from Little Rock, AR.
I have a 401K through my work. Is there any way to close the account and move it to an annuity or an IRA of my choice? I’m not happy with my current advisor and would like to have more control over my money.
-Wyatt from Ward, AR.
To hear all the valuable insights David—Little Rock’s own retirement expert—has to give Richard and Wyatt, listen to the entire show today! Do you have 401K questions? Call or write in to David Lukas Financial, and possibly get your question answered on the air!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
The date for the upcoming retirement workshop, hosted by David Lukas Financial, is still undecided. Check dlshowonline.com frequently for updates.
Arkansas listeners age 60 and up: request your FREE 2015 social security guide (43rd edition) . Use the coupon code: ss60, to get your copy today!
Playing the stock market can be…tricky. And just as stock buy in/out prices can go up and down, so can the profits. TRUTH: Money’s being made whether you are or not. So who’s profiting on your investments? The answer should be you right? Right. But more often than not, it’s not. Regrettably, too many retirees don’t realize the damage that both hidden fees and future taxation can and will have on their retirement. This week on the David Lukas Show, David talks about all the money that’s being made off of your investments in the form of fees.
During the first half of this week’s episode, David addresses a question, sent in by a listener in Arkadelphia.
Beverly’s question:
I Have a 401k that I’m getting ready to roll over into an IRA but just found out that some of it is after-tax money. What do you suggest that I do with this money. I’m currently drawing unemployment and I believe that drawing any of the money out of there could cancel my benefits. Although I do want to have some of my 401K money for later projects, I just don’t want to do it right now. I’m 63 and currently looking for a work so I can get some insurance. Thanks for any suggestions.
To hear what David—the retirement expert—has to say, listen to the entire show today! Tune in next week to hear what David has to say about Social Security and the taxation involved.
During the second half of the show, David explains how important it is to understand exactly how fees both damage retirement accounts and create lost opportunity costs. (Lost opportunity cost: The difference in return between a chosen investment and one that is necessarily passed up. Say you invest in a stock and it returns a paltry 2% over the year. In placing your money in the stock, you gave up the opportunity of another investment - say, a risk-free government bond yielding 6%. In this situation, your opportunity costs are 4% (6% - 2%--definition via Investopedia.) Every day, David encounters clients with investment accounts that have no real understanding of how they work—exactly how Wall Street wants it.
To learn more about all the hidden fees that could be eroding your retirement funds and how to safeguard your assets, listen to the rest of the episode today.
Uninterested in losing thousands of dollars in fees? Tune in to the David Lukas Show each Saturday at 2:00pm. The David Lukas Show is the only radio program in Little Rock dedicated to Helping Savers Worry Less About Money®.
If you are ready to get started with The WorryFree Retirement® process, schedule a no cost consultation with David by calling: (501) 218-8880. Not sure if you’re a saver, an investor , or a speculator? Take the FREE financial personality test at 3Personalities.com today.
Political season is upon us. And both sides, Democrats and Republicans, are scrambling for solutions to fix our country’s financial future. Both sides seem to know and understand that something economically bad is imminent—it’s just a matter of time. This week on the David Lukas Show, our host David first discusses an article written by By Kevin Cirilli and Bob Cusack, Trump: the economic bubble about to burst, Featured on thehill.com and its relevance to Savers. The article is an exclusive interview, featuring GOP presidential frontrunner Donald Trump, in which Trump warns American citizens that “ a looming economic recession is coming.” In the article, Trump also argues that the stock market has already entered into another bubble. (Click on the article’s name above to read.)
As David has mentioned to his listeners before, the banking industry is in the business of building upon and protecting their interests (or interest: $$) —not yours. So where have most Savers traditionally told other Savers to put their money? In the bank of course! But don’t worry. You have other options. Options that earn you interest and protect your hard-earned retirement funds from some of the ugly surprises that can happen after retirement.
For more information about Bank’s Valuation of Money vs. Insurance Company’s Click here!
During the second half of the show, David addresses another listener’s , Scott from Hot Springs, AR., question about retirement:
I’m 64 in three months with a retirement age of 66. I’m considering retirement at 65, in 4 months, which is early. I’ll be eligible for Medicare this year, I’ve a 401k, Whole Life that will mature at 65, and I’ll be debt free. How can I make Social Security work and not worry about tax issues with the 401k and the life insurance?
To hear valuable insights from David—the retirement expert, listen to the entire show today!
Tune in next week to hear what David has to say about Social Security and the taxation involved.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
And remember, in the concept of ownership: A dollar has no value until it’s converted into cash and used penalty free!
When it comes to life insurance, there are many differences of opinion. The people in the business of selling life insurance love it, of course. And the financial planning industry, the people who want you to put your money in the market, tend to hate it. Why all this difference in opinion you ask? Well, it’s because many of the people in the financial industry don’t fully understand the benefits of whole life insurance —that’s why!
This week, on the David Lukas Show, David uses the first half-hour to discuss all of the real benefits life insurance, whole life insurance specifically, has to offer.
Highlights: The primary advantages of whole life insurance are: Protection for life. The policy will never expire or go down in value. Level Premiums – The rate you pay will never increase. Cash Value – A portion of your premium builds cash value—which can be borrowed against. In short, you become your own banker with control over your money!
During the second half of the show, David addresses a specific listener’s question concerning whole life insurance. The listener’s question being:
Should I cash in the $15,000 whole life insurance policy, that I inherited from my father, to pay off some of my outstanding loans and debt? Although my father’s plan only costs $96.00 a year, I already have a $150,000 policy in place for myself. What should I do?
To hear David’s—the retirement expert—advice, listen to the entire show today!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
And remember, in the concept of ownership a dollar has no value until it’s converted into cash and used penalty free!
It is historically evident that the stock market experiences a major correction every 7 -8 years. They don’t call it The Seven Year Itch for nothing. Armed with this information, why would you put your hard earned retirement funds at risk, if you’re at or near retirement? You’ve been told you have to by the Financial Industry—that’s why! This week on The David Lukas Show, our namesake host talks about some of the disparaging remarks many of the “talking mouths” in the financial world make about annuities. Because most financial businesses are geared toward touting their products to financially uninformed people, they focus their sell as a one-size-fits-all approach that rarely works for anybody let alone everybody. Unfortunately, concentrated efforts are being made to sell the same products and retirement plans to everyone.
During the first half of the show, David addresses some of the important questions that listeners sent in last week. Featured is the story of a widow living here in Arkansas, who met with a well-known bank that suggested that she put 95% of her husband’s life insurance policy, after his death, into annuities. And, according to David, our retirement specialist, that isn’t the best thing to do.
For the second and final half of the show, David deconstructs one of his favorite scriptures, Romans 8:12 (Therefore, brothers and sisters, we have an obligation—but it is not to the flesh, to live according to it.) And explains how we can apply this scripture, to our lives, in financial terms.
So, if you’re a saver nearing the second half of life, you too can retire worry free! Because the WorryFree Retirement® (WFR®) is specialized for savers, meeting with David of David Lukas Financial is the first step to getting there. The WFR® process is easy and carries no obligation of cost to start.
To learn more about how David Lukas Financial can benefit you and your retirement portfolio, call David Lukas, at (501) 218-8880, today. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
In the game of retirement planning, are you winning? Do you trust your financial or retirement rep’s best interests in planning your future? If you answered yes to both of these questions, you’re ahead of the game. If not, then you may be a Saver in need of some help. What qualifies someone as a Saver, you ask? The answer is simple. A Saver is someone who’s more concerned in the ownership of his or her money/ assets, and less interested in risk involved with investments on Wall Street.
So what’s a Saver to do when they’re told to throw all of their money into the market? This week on the David Lukas show, David talks about how planning your retirement correctly can substitute the security and dependability of your granddad’s long-gone pension plan.
I have a 401k. What’s wrong with my 401K? Throughout the hour David explains how the traditional 401K may not be the safest way to plan in today’s volatile market. This is because the money you have currently vested in the market is at RISK. Savers don't like risk, especially when thy need their money most (at or near retirement).
With traditional 401k’s there is no liquidity or allowance for the use of your money (before age 59 and a half) —your assets! So, if you can’t access the money, do you truly own that money?
How do I know what type of annuities are right for me? All annuities are not the right for everyone. But for Savers, they are just what they are looking for. It takes an experienced retirement specialist, like David Lukas,to understand how to integrate an annuity properly into a retirement income plan.
If you are interested in a WorryFree Retirement® and hearing more about what you need to know about purchasing an annuity or what you need to know about an annuity you currently own, listen to the entire show today!
Tune in to the David Lukas Show each Saturday at 2:00pm. The David Lukas Show is the only radio program in Little Rock dedicated to Helping Savers Worry Less About Money®.
Remember: a dollar is not worth anything until it’s converted to cash and used.
It’s no secret that money makes the world go round. But what the Financial Industry and Wall Street don’t want you to know is exactly how much they’re making off of your money (investments). That is why most of Wall Streets messages and strategies are geared towards investors and speculators—AKA risk takers and loss accepters. NOT SAVERS.
This week, on the David Lukas Show, David discusses how the government’s and Wall Street’s one size fits all retirement plan (the stock market and 401k), is NOT suited for everyone—especially not for Savers. What many investors don’t realize is that hidden costs and fees can, and most likely will, deplete your current Wall Street (investments) and/or government retirement plan (401k) causing you to outlive your hard earned retirement funds.
Throughout the hour, David discusses and explains how the WorryFree Retirement® is best suited for savers. So what makes a Saver’s retirement plan different from that of an Investor or a Speculator you ask? The lack of risk, that’s what. David also explains how easy the Worry Free Retirement® Process truly is. So, whether you’re currently in the 1st or 2nd half of life, you can put the necessary planning in motion today that will truly allow you a WorryFree® future.
Interested in retiring with confidence? Get started with these five simple steps:
First, CLARIFY YOUR VISION Before beginning any journey, it’s best to know where you are going and what to expect along the way. Our first step of the process is unique because it’s all about you and “your” vision of retirement.
Together, we will clarify where you want to go. We’ll help identify your personal strengths and opportunities and consider potential dangers and threats to your financial journey. A personalized written outline summarizing your unique vision will be mailed to you for review at no cost or obligation.
Second, ASSESS YOUR SITUATION A trusted doctor would never give a medical diagnosis without first looking you over. Neither will we! That’s the reason the second step was created: “The Assessment.”
At this meeting we will review your personal financial information. We’ll help organize your finances so that potential issues or concerns can be addressed and corrected. A brief written assessment of any findings and recommendations will be provided to you at no cost.
Third, COMMIT YOUR RETIREMENT The WorryFree Retirement® is based on commitment and trust. In order to work together, we must confirm our commitment to the process.
We will never pressure you to buy anything from us, nor will we ever suggest you move forward with our recommendations unless you completely understand them.
Fourth, IMPLEMENT YOUR GAMEPLAN Reaching any goal requires action. With implementation of your personal Gameplan, you will have a safe, easy to follow path format reaching your retirement goals.
This written Gameplan will be self-contained in a highly organized binder that clearly communicates your hopes and dreams.
Fifth, MONITOR YOUR PROGRESS There’s only one guarantee in life: Nothing stays the same. Because change is inevitable, we provide one-on-one consultation with you at no cost, whenever you need it. When you’ve got a question, we’ll be here for you. That’s what trust and commitment are all about.
The WorryFree Retirement® Process anticipates change and values the idea of monitoring your progress along the way. Our time together also gives us a chance to explore new ideas and possibilities as well.
Ready to get started with The WorryFree Retirement process? Schedule a no cost consultation with David by calling: (501) 218-8880.
To learn more about how David Lukas Financial can benefit you and your retirement portfolio, call today. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today 3Personalities.com
On this week’s episode of the David Lukas Show, David and Zach talk about how easy it is for investors to simplify their financial plan—allowing them to truly retire WorryFree®.
According to David and Zach, financial simplicity offers peace of mind whilst denoting an era of completeness. This allows the saver (AKA savvy investor) to enter into a restful, not emotionally disrupted, financial state.
As Leo Babuta so eloquently stated in his book, The Power of Less, "simplicity boils down to two steps: Identify the essential. Eliminate the rest." Identifying the financial essentials and dispelling the myths of Wall Street, while educating investors, is exactly what David and his associates strive to accomplish everyday at David Lukas Financial.
In return, a company culture focused on helping individuals save money, not give it away to the financial industry has been effectively established. All of this is accomplished by creating a simple game plan focused on reducing wealth eroding transfers such as taxes, interests on debt, and unnecessary fees.
If any or all of this information is of interest to you, listen to the entire episode today!
David has partnered with Tony and his WorryFree Retirement® network to simplify the process. It’s unlike anything else in the industry. To learn more about how David Lukas Financial can benefit you and your retirement portfolio, call (501) 218-8880 today.
Do you know whether you’re a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the FREE test today at 3Personalities.com
"Even the intelligent investor is likely to need considerable willpower to keep from following the crowd." — Benjamin Graham
This week on the David Lukas Show, David speaks candidly about how important it is to know the steps and planning needed to start saving smart in the first half (the accumulation phase) of your financial life.
Because savers truly have a certain mentality, when it concerns money, they have different feelings toward the process of investing—and rightly so. That is why the WorryFree Retirement® was created, to Help Savers Worry Less About Money®.
Throughout the hour, David explains how creating a retirement plan and vision—with a retirement expert—will lessen the blow when the government comes to collect the taxes owed on your 401K. David also expands how everyone, from the regular American Joe to small business owners, can and should be able to access their money during the accumulation period.
Listen to entire episode above today!
To learn more about how a Roth IRA or an annuity can benefit you and your retirement portfolio, call David Lukas, (501) 218-8880, at David Lukas Financial. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today 3Personalities.com
"When you read about the debates, and people who talk in absolutes that annuities are terrible or the greatest thing, they’re really neither. There’s no such thing as an all-bad or all-good investment. You have to look at your overall investing strategy." —Barry Streit This week on the David Lukas Show, David and Tony Walker discuss how just as all savers are not the same, neither are annuities. And, unfortunately, because annuities have continuously received a bad rap from the financial sector, savers tend to be skeptical about their true value.
Throughout the hour, Tony and David explain how annuities are perfect for savers that want guaranteed income for life while minimizing risk in the stock market. And just as pensions once guaranteed monthly Mailbox Money® so do annuities through the WorryFree Retirement®.
If you’re interested in hearing about the different types of annuities available to you, listen to the entire episode today!
*We know that savers are attracted to bank products, understandably, but while banking interest gains remain low, lost opportunity costs cause wealth erosion that can’t be made back. Big decisions should be based on specialized knowledge. David Lukas Financial has the knowledge you need to make the informed decisions necessary to plan your WorryFree Retirement®.
To learn more about how Annuities can benefit you and your retirement portfolio, call David Lukas, (501) 218-8880, at David Lukas Financial today.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at 3Personalities.com
Also, coming mid July is David Lukas Financial’s Retirement 101 Workshop. Visit David Lukas Financial to register today!
– Fifth in the ED Series –
When it comes to financial advisors’ and retirement specialists’ overall feelings about annuities, there will undoubtedly be differences of opinion. Just as many FAs dislike and refuse to recommend annuities for their clients, equally as many retirement specialists suggest annuities as a fail-safe way to protect and set aside some, if not most, of an investor's assets specifically for retirement.
When it comes to financial advisors’ and retirement specialists’ overall feelings about annuities, there will undoubtedly be differences of opinion. Just as many FAs dislike and refuse to recommend annuities for their clients, equally as many retirement specialists suggest annuities as a fail-safe way to protect and set aside some, if not most, of an investor's assets specifically for retirement.
During this week’s show, the latest installment of the Annuities Ed Series, David and his special guest and mentor Tony Walker speak openly and honestly about the good, the bad, and the ugly truths—and more importantly non-truths—out about what types of investors and advisors annuities truly serve.
Also, throughout the hour, David and Tony discuss and remind DL Show listeners that annuities are designed, and truly best suited, for savers planning and preparing for their second half of life.
If you are interested in a WorryFree Retirement® and hearing more about what you need to know about purchasing an annuity or what you need to know about an annuity you currently own, listen to the entire show today!
Tune in to the David Lukas Show each Saturday at 2:00pm. The David Lukas Show is the only radio program in Little Rock dedicated to Helping Savers Worry Less About Money®.
We, at David Lukas Financial, believe that when it comes to the fees you’re paying on your investments and/or annuities transparency is key! Surveys indicate that a vast majority of investors have no idea just how much they’re actually paying. Do you?
Because we believe that knowledge is money saved, we suggest that you request a copy of our Fee Disclosure Kit—which includes our Investment Fee Disclosure Sheet, our Annuity Fee Sheet and other helpful resources on the subject of fees.
Once you have the kit, all you need to do is provide it to your current financial adviser/insurance agent or other point of contact and have them complete the forms for you. It’s that simple! Click here to fill out a short form and we’ll mail your Fee Disclosure Kit today! Or call David Lukas Financial, at 501-218-8880, and speak with David personally.
Many of the decisions we make with money are dependent on our specific financial personality. Not sure what your financial personality is? Click here and find out today!
This week, on the David Lukas Show, David brings to light the murky issue of all the undisclosed fees that you are most likely paying on your retirement investments. According to the article “The Retirement Risks We All Share”, found on Time.com, two thirds of Americans don’t realize that they may be or have been paying astronomical fees on their 401k plans. Unfortunately, what most investors don’t understand is that many times the success of your investments depends on keeping fees as low as possible.
And because David Lukas, of David Lukas Financial, wants to be as transparent with all current and potential clients as possible he offers a FREE fee disclosure kit and annuities’ fees sheet, available on dlshowonline.com, to help you understand what fees you are paying on your retirement investments (Fees like: front end sales charge, back end sales charge, purchase fees, annual redemption fee, investment management fees, administrative costs, exchange fees, accounting fees, advisory fees, turnover expenses, brokerage commission, market impact, spread cost, unvested cash—just to name a few!)
Later in the hour David also references that the article “How To Pay Lower Fees On Your Retirement Investments”,found on US News Money, states that investors should aim to pay less than 1% on fees and try to keep all investment costs below 1% annually. The article also mentions that an employee can always ask his or her employer for a Roth IRA option.
YOU HAVE THE RIGHT TO KNOW that hidden or high percentage fees are one of the biggest enemies to your savings! If you’re a saver in the second half of life and a WorryFree Retirement® is something you’re are interested in call David at 501-218-8880 today!
Not sure if you’re a Saver, an Investor or a Speculator? Find out your financial DNA today at 3Personalities.com
There Is Power In Eliminating Expenses: Know The 4 Costs of Money The Silver Tsunami is coming! In fact, it’s inevitable. Baby Boomers are set to soon be retiring in record numbers and if you are one of them, now is the time to put a plan in place to ensure that your long-awaited retirement is truly WorryFree®.
In this week’s installment of The David Lukas Show, David discusses the four costs of money and what Savers can and should do to educate themselves on:
- Fees — know and understand the fees you are paying
- Taxes — know and understand how much you are paying on what
- Premiums — know and understand the projected fees your FA could/will earn
- Interest — know and understand how devastating compounding interest and lost opportunity cost can be–especially in connection to debt
Because Savers like to keep things simple and costs low, the WorryFree Retirement® process was created especially for…SAVERS! And one of the best features of the WorryFree Retirement® is how hands on your retirement income planner will be throughout the entire process.
So, if you’re uninterested in losing thousands of dollars on fees, taxes, premiums, interest on retirement plans and investments–you’ll want to be sure to tune in to the David Lukas Show each Saturday at 2:00pm to get tips and advice form the leading retirement expert in Little Rock. The David Lukas Show is the only local radio program dedicated to Helping Savers Worry Less About Money®.
Ready to get started with The WorryFree Retirement® process today? Schedule a no commitment no cost consultation with David by calling: (501) 218-8880.
Not sure if you’re a saver, an investor, or a speculator? Take the FREE financial personality test at 3Personalities.com.
"An educated citizenry is a vital requisite for our survival as a free people." —Thomas Jefferson Retirement is like everything else in life—worth enjoying! So how should everyone best enjoy retirement? Worry free of course!
This week on the David Lukas Show, David and Zach chat about how important it is to both know and understand the first steps and intricate planning needed to truly Help Savers Worry Less About Money®.
Throughout the hour, David and Zach explain how creating and clarifying a particular retirement plan or vision—with a retirement expert—can lessen the potential damage that could be done to your hard earned retirement funds in the Wall Street Casino. David also expands on how the next step for retirees should be to share that vision with a qualified retirement specialist (someone who is trained to transform that vision into a personalized retirement plan). Only then can the appropriate plan of action—based on current strengths, weaknesses, opportunities and threats to the vision—be flexible enough to meet possible financial changes in the future.
*This installment of the DL Show is filled with great information and tips on how you too can retire WorryFree® Listen to entire episode here online today!
Are you a saver that’s interested in safeguarding your future retirement funds with a customized plan you can understand? If the answer is yes, call David Lukas Financial at 501-218-8880 today!
Not sure if you’re a Saver, an Investor or a Speculator? Find out your financial DNA today at 3Personalities.com
“The tyranny of compounding costs overcomes the miracle of compounding interest.” ―John Bogle, of Vanguard Every year, we Americans, en masse, participate in fee heavy investment accounts without having any idea of how they work. Few current and future retirees realize the eroding effect that all the hidden fees and future taxation can and will have on their retirement..
In this week’s installment of the Ed Series, David and his featured guest, partner, and mentor Tony Walker discuss the fees investors should expect when they hold mutual funds on Wall Street and the opportunity cost (money lost to fees, taxes, and future capitol interest) that happens as a result.
Throughout the hour, David and Tony support the idea that “the only people truly profiting from mutual funds are the insiders and the asset managers”. This is because most mutual funds require very little management, and in turn are heavily laden with hidden fees. Transparency, when it comes to your retirement assets, is key in choosing what funds are the best and worst to invest in. But, the unfortunate reality is that Wall Street doesn’t want you to know about any of this because it’s where a lot of the big money is made! To learn more about the hidden fees in mutual funds and how to safeguard your assets through annuities, listen to the rest of the episode today.
If you’re a uninterested in losing thousands of dollars in fees then you’ll want to be sure to tune in to the David Lukas Show each Saturday at 2:00pm. The David Lukas Show is the only radio program in Little Rock dedicated to Helping Savers Worry Less About Money®.
If you are ready to get started with The WorryFree Retirement® process, schedule a no cost consultation with David by calling: (501) 218-8880. Not sure if you’re a saver, an investor , or a speculator? Take the FREE financial personality test at 3Personalities.com today.
Third in the Annuities Ed Series
Trust
noun \ˈtrəst\
: belief that someone or something is reliable, good, honest, effective, etc.
: an arrangement in which someone's property or money is legally held or managed by someone else or by an organization (such as a bank) for usually a set period of time
: an organization that results from the creation of a trust.
It’s been said that a vision without action is but a daydream. But an action without a vision is but a nightmare. Planning for retirement requires a vision, whether it’s your own or that of a professional retirement planner you trust.
On this week’s episode of The David Lukas Show, David and Zach open the hour with a candid discussion about the importance of trust and vision. David, and then later also with Tony, discusses how the WorryFree Retirement® is perfect for savers and what the five important steps in starting that process are.
First, You Must Clarify Your Vision …because it’s best to know where you are going and what to expect along the way. The first step of the process is unique because it’s all about you and “your” vision of retirement.
Together, you and David Lukas Financial will clarify where you want to go and a personalized written outline, summarizing your unique vision, will be mailed to you for review—at no cost or obligation.
Second, You Will Assess Your Situation
At this meeting David Lukas Financial will review your personal financial information and help organize your finances so that potential issues or concerns can be addressed and corrected. A brief written assessment of any findings and recommendations will be provided—at no cost—to you.
Third, You Will Commit To Your Retirement The WorryFree Retirement® is based on commitment and trust. In order to work together, both David Lukas Financial and you must confirm and trust your commitment to the process.
Fourth, You Will Implement Your Personal Game Plan Reaching any goal requires action. With the implementation of the personal Game Plan, David Lukas Financial will provide, you will have a safe, easy to follow path format reaching your retirement goals. This written Game Plan will be self-contained in a highly organized binder that clearly communicates your hopes and dreams.
Fifth, You And DL Finacial Will Monitor Your Progress There’s only one guarantee in life: Nothing stays the same! Because change is inevitable, David Lukas Financial will provide one-on-one consultations with you— at no additional cost—whenever you need it. If you’ve got a question, DL Financial will be here for you. Because that’s what trust and commitment are all about.
If you’re a saver that’s interested in finding out more about the WorryFree Retirement® Process, you’ll want to listen to the entire episode. Also, be sure to tune in Saturday at 2:00pm for the next installment of the Annuities ED Series. It’s definitely something you won’t want to miss.
If you are ready to get started with The WorryFree Retirement process, schedule a no cost consultation with David by calling: (501) 218-8880.
The Annuities Ed Series
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. — Henry Ford
We savers aren’t born with the innate ability to save. The act of saving is a philosophy instilled in us as children most often by parents and grandparents that are or were savers themselves. And more often than not, the “saver” parents and grandparents were taught by their parents and grandparents how to save…and so on.
Question: Where have most of the savers of the past told other savers to put their money?
Answer: The bank.
So why isn’t the bank the best place to keep your savings for retirement today, you ask? Because life’s inevitable unpredictable events are inevitable and—unpredictable. Just as “you shouldn’t put all of your eggs in one basket” you shouldn’t keep all of your money at the bank. Because banks are highly leveraged, they are able to loan out 90% of the account holders’ money. In other words, when you deposit $10,000 into your bank account, the bank can legally loan out $9,000 of YOUR MONEY! That deposit is not held in trust, as it should be. Instead the bank is profiting greatly from loaning your money with no risk to them.
In this second installment of the Annuities Ed series, David explains, in detail, the security your hard earned retirement funds holds in annuities in comparison to the bank. He also clarifies that Federal Law requires insurance companies to keep at least 100% of their deposits (with a minimum reserve average of 115%), and that insurance contract holders are further protected because insurance companies are forbidden in buying investments or speculating with FDIC insured funds.
Tony joins David in the discussion, during the final leg of the show. Together they further explain how the security of annuities can afford you and your family the WorryFree Retirement® you want! This segment is filled with loads of great information, so you should listen to the entire episode today!
If you’re a saver that’s uninterested in the uncertain volatility of the Stock Market then you’ll want to e sure to tune in each Saturday at 12:00pm for the next installment of the Annuities ED series. It’s not something you’ll want to miss.
Not sure if you’re a saver, an investor or a speculator? Take the FREE financial personality test at: 3Personalities.com today!
First in the Annuities ED Series
THE DEFINITION OF RISK — is the chance that an investment's actual return will be different than expected. Risk includes the possibility of losing some or all of the original investment. Different versions of risk are usually measured by calculating the standard deviation of the historical returns or average returns of a specific investment. A high standard deviation indicates a high degree of risk. – Investopedia.com
In this first installment of the Annuities ED series of the David Lukas Show, David and Tony Walker, his partner and mentor, talk about the two different camps (Wall Street and the insurance world) on the financial front and clarify how RISK is the main difference between investments and annuities.
Throughout the hour, Tony and David discuss how the guaranteed income of your granddad’s pension still lives through the security of annuities backed by insurance companies. They also explain how, with the right knowledge and facts, you too can secure guaranteed income for you and your family—for life!
If you’re a saver that’s uninterested in the uncertain volatility of the Stock Market then you’ll want to listen to the entire episode. Be sure to tune in each Saturday at 12:00pm for the next installment of the Annuities ED series. It’s definatly something you won’t want to miss.
The two types of annuities discussed during todays show are: Fixed: Fixed annuities are invested primarily in high-grade corporate bonds and government securities and there are two types: the Guaranteed Return Annuities (GRA) is a fixed annuity that offers a fixed guaranteed interest rate.
Indexed: An Fixed-Indexed Annuity works like this: Fixed-Indexed Annuities give you the best of both worlds. The opportunity to share in a rising market. In addition, interest credited to the contract is locked in (usually annually) and cannon be lost. Fixed-indexed annuities provide the safety that you won’t loose a dollar when the market tanks. Income riders are very popular on these fixed index annuities. They provide guaranteed income for life that the contract holder can never outlive.
If you are a Saver, you can learn more about how Annuities can benefit you and your retirement portfolio, by calling David Lukas Financial at: (501) 218-8880 today!
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
When it comes to your retirement planning, are you a saver an investor or a speculator? Can you differentiate between the three? If you can, great! If you can’t, you’re not alone. Just as with shoes, retirement plans are not a one kind fits all situation. Different types of people are more, or less, comfortable with different types of retirement plans and it takes a certain kind of financial advisor to help his or her clients differentiate between the lot.
This week, on the David Lukas Show, David talks with his partner and mentor Tony Walker about how anyone can truly retire worry free. Walker, the master mind behind The WorryFree Retirement®, talks about how 9-11 and the devastating consequences of the stock market fall of 2008 were both major turning points in his career. Walker decided that he wanted to keep doing what he doing—but differently. He knew that there was one great way to safeguard his “saver” clients’ hard earned retirement funds. Annuities!
So, if you’re a saver nearing the second half of life, you too can retire worry free! Because the WorryFree Retirement® (WFR®) is specialized for savers, meeting with a David of David Lukas Financial is the first step to getting there. The WFR® process is easy and carries no obligation of cost to start.
To learn more about how Fixed and Index Annuities can benefit you and your retirement portfolio, call David Lukas, (501) 218-8880, at David Lukas Financial. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
On this week’s all new installment of the David Lukas Show, David and Zack talk about how, with careful planning, you can reap the benefits of guaranteed income for life. And because David Lukas Financial is dedicated to helping savers worry less about money®, David and Zach also, throughout the hour, chat about how different peoples’ personalities determine how they both deal with and feel about money.
According to David, and other reputable financial authorities, market volatility seems to run in seven-year cycles. The disaster that the sub-prime mortgage credit bubble burst of 2007-2008 left in its wake still has some investors desperately trying to pick up the pieces of their ruined retirement, because savers, investors, and speculators alike lost so many precious retirement funds that will never return. The banks to blame were indeed To Big To Fail, because the government did in fact bail them out with taxpayer money!!
The pain of so much capitol lost has now led many an investor to change their status from speculator to saver.
Many now realize that it is their job to check and confirm that the financial products and strategies they’ve chosen are in line with who they are and what best suits their financial personality.
You can avoid the trappings of the one size-fits-all mentality that Wall Street sells. Because neither Wall Street nor the government has any intentions of safeguarding your hard earned retirement funds—it’s up to you! So if you’re more concerned with protecting the return of your money than seeking higher rates of return on your investments the time to act is now.
To learn more about how David Lukas Financial can benefit you and your retirement portfolio, call (501) 218-8880 today. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Everyone’s vision for his or her future is different. For some, there’s travel and leisure on the retirement horizon. For others, it’s mission work or community service that’s planned when work no longer occupies so much time.
This week, on the David Lukas Show, Zach and David discuss both what it means and what it takes to clarify your retirement vision. Because whatever the current retirement plan may be, for any of us, there’s one thing that is certain. With the right planning, anyone can retire WorryFree®.
Because worry is a direct result of fear, David and Zach know the key information that savers need to prepare for their second half of life and, ultimately, a fearless future. No longer must we buy into the notion of a one size fits all retirement plan.
To learn more about how David Lukas Financial can help you and your family worry less about money, call (501) 218-8880 and speak with a representative today about the WorryFree Retirement®. It’s unlike anything else in the industry!
The book discussed and given away during this weeks show: The WorryFree Retirement®, written by Tony Walker, David’s business partner and mentor, will give you a practical and simple method for dealing with what’s worrying you most, and how to begin doing something about it. You’ll gain a new and more positive perspective on retirement, and the rest of your life.
What is your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Throughout life, we have, are, and will be told, often, to be leaders not followers. Our loved ones do their best to teach us to make smart informed choices about everything in life. So why should the decisions we make about our retirement be any different?
This week, David and Zach discuss how imperative it is to break free from the financial herd when it comes to planning for a WorryFree Retirement®.
David and Zach also mention how Tony Walker, David’s mentor and partner, while introducing his book Don’t Follow The Herd explains it best when he says:
From the time we’re old enough to walk, society teaches us to work hard, think for ourselves and above all else, never succumb to peer pressure. Yet, as we grow older and less confident in ourselves, we find it easier to simply follow along with what everyone else is doing, a phenomenon known as “Herd Mentality.”
This phenomenon is most prevalent when it comes to money. Like clueless cows led to slaughter, we hand the financial world our money because that’s what everyone else is doing. The result: we all of a sudden wake up to discover that they’ve made more money on our money than we have!
Throughout the hour, David and Zach discuss how retirement planning should be a qualitative process not a quantitative process. Also, Zach mentions how some red flags to listen for when talking to your financial planner about your current retirement portfolio might be:
- Just hang in there.
- It’s not trying to time the market, it’s time in the market!
- Don’t pull your money out.
- SAVE, SAVE, SAVE
So, if you’re tired of drinking downstream from the rest of the herd, and worrying about money you should listen to the entire show today!
To Learn more about The WorryFree Retirement call: (501) 218-8880, at David Lukas Financial. David has partnered with Tony to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services within an economy.
— The Economist’s Dictionary of Economics
In the world of finance, economics truly has its place. But what does economics have to do with retirement? Well, everything. Because it’s often said that the central purpose of economic activity is the production of goods and services to satisfy our ever changing needs and wants, then why would these ever changing needs and wants change after retirement?
They change because the world’s most basic economic problem ends up being about two things: scarcity and choice. These two sometimes disastrous attributes directly affect everyone both before and after retirement. In this uncertain economic world filled with scarcity and choice, new or soon-to-be retirees then must consider…
- What goods and services can they afford, when the economy uses its resources to raise the prices of healthcare, living expenses, and taxes? Should retirees be expected to just sit idly by while the cost of living greatly exceeds the monthly allowance their government-sanctioned retirement provides?
- How best to survive the ever-rising costs of living, within the means provided by a basic 401k-retirement plan? What would be the best use of such scarce monthly resources? Should additional stocks and bonds be sold to provide more (taxable) income?
- What is the percentage of unnecessary fees being paid on big name mutual fund holdings? Are they ok with the amount of money their financial advisors makes on their investments?
- Will they be able to afford expensive prolonged hospital treatment – or not? What are the costs and consequences of long-term disability without the appropriate insurance planning?
During this week’s installment of the David Lukas Show, David and Zach discuss how beneficial a general knowledge of economics is when planning your retirement strategy. Learn the steps necessary for a WorryFree Retirement® by listening to the entire episode now!
To learn more about how Fixed and Index Annuities can benefit you and your retirement portfolio, call David Lukas, (501) 218-8880, at David Lukas Financial. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Because The David Lukas Show is the only radio program in Arkansas dedicated to helping savers worry less about money®, we consider it our duty to our listeners to provide the critical information need to safeguard their hard earned retirement funds against the inevitable pitfalls of life.
On this week’s installment of the DL Show, we are proud to have acclaimed author, also David’s mentor and friend, Tony Walker as a guest.
Tony Walker, the master mind behind The WorryFree Retirement®, started his venture in financial planning by selling property and casualty insurance. After many years of selling just about every type of insurance there was and experiencing both 9-11 and the devastating consequences of the stock market fall of 2008, Walker decided that he wanted to do what he doing differently. And thus The WorryFree Retirement® came to be.
Throughout the hour, Walker talks with David and Zach about how his work as a registered investment advisor helps his clients focus on ways to save more money—not give it away to the Financial Industry. This isn’t a show you want to miss. Listen to the entire episode today!
Tony’s Books: Also listed under David’s Recommended Reads * Don’t Follow the Herd * WorryFree Retirement * The 3 Personalities of Money
To learn more about how Fixed and Index Annuities can benefit you and your retirement portfolio, call David Lukas, (501) 218-8880, at David Lukas Financial. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Although statistics are only a compilation of numbers, they tell us a lot. Especially in the subject of finance. According to the study, “Reclaiming the Future” done by Allianz Life Insurance Company of North America, statistics show that 60% of Americans fear outliving their retirement funds more than they fear their own DEATH! Sixty Percent! The comfort of death now outweighs the security that people once had in knowing that the retirement they’ve worked their entire lives for isn’t quite what was sold to them.
Baby boomers are set to retire in record numbers and when the Silver Tsunami hits Americans are going to ~~learn~~ live the ugly truths hidden within their 401Ks. Retirees will be forced to realize that the retirement plans they’ve contributed to will then be subject to hefty fees and taxation.
This week, on the David Lukas Show, David and Zach discuss just how unsecure your 401K could truly be and how the IRS collected over 5 billion dollars in penalty fees for individuals that chose to access their own money by cashing in o their 401ks early. ( Check out the DL Show episode Fees, Fees, Fees for an in-depth explanation on the types of fees that your investments could be subject to.)
Throughout the hour, David and Zach explain how the typical 401K can be replaced by a retirement plan that offers:
- A stable/ predictable standard of living
- Guaranteed money for life
- A guarantee in value
- Protection against market risk
- A stable worry free source of income
The Studies mentioned and discussed in this weeks show:
- Reclaiming the Future by Allianz Life Insurance Company of North America
- How to Fix the 401K Retirement Plan
If any of the standards of retirement mentioned above reflect your personal retirement goals, you should contact David Lukas Financial today. David Lukas Financial specializes in the uncommon strategies that will allow you to retire with confidence. If you’re a saver interested in Worrying Less About Money® call (800)-559-0933.
Even when we believe we understand all the ins and outs of running our business, something comes along that’s outside our box of knowledge. When this happens, we have two choices. We can choose to ignore it, or get a bigger box!
Did you know that as a business owner you can have access to capital to expand and operate your business by taking advantage of guaranteed loans? (Without ever filling out a loan application). In addition, YOU, as the business owner set the terms of how and when the loans are paid back. (Unstructured Loan Payments).
On this week’s installment of the David Lukas Show, listen to David, discuss why properly structured cash value life insurance policies are the preferred investment vehicle by many large corporations (Banks and corporations own and purchase billions of dollars of these very specific contracts). Learn why the typical advice of setting up a qualified plan such as a SEP is often a poor strategy for business owners. Find out why the primary goal for a business owner should be maintaining liquidity, use, and control of their money. Learn how to invest in your business by eliminating expenses you are loosing unknowingly and unnecessarily.
Also within the hour, David debunks the idea that cash value insurance contracts are a bad idea. Find out why the living benefits of a specialized insurance contract can be phenomenal — especially for small business owners. The most successful corporations in the world implement these strategies. How about your business?Download the example mentioned during the broadcast and see the other additional resources below.
Additional Resources: Download an excerpt from the chapter “Small Business, The Backbone Of The American Economy” from David’s book. Be sure to study the example of the power of eliminating unnecessary expenses within your business.
Also See: * Here’s To Your Business! * Small Business, The Backbone of The American Economy * For Business Owners * 10MinuteLessonOnLifeInsurance.com * How Banks Make Money
If you own or run a business and would like to learn how to eliminate unnecessary expense losses within your business, contact David Lukas Financial Today. We have the knowledge to take help you implement the strategies of the world’s most successful corporations.Call us today at: (800)-559-0933.
noun: resolution; plural noun: resolutions
1.
a firm decision to do or not to do something. “she kept her resolution not to charge anything on her credit card any more”
2. synonyms: intention, resolve, decision, intent, aim, plan; More commitment, pledge, promise
”her resolution not to invest blindly”
It’s a new year. 2015 to be precise, and we at David Lukas Financial are absolutely thrilled. Things are on the up and up for us and we only have our David Lukas Radio Show listeners and our clients to thank for our success.
It seems only fitting that moving into our new office and opening the David Lukas Studio both coincide with the fresh slate a new year brings. Don’t worry though. We’ve brought along the proven process that helps Savers Worry Less About Money®.
On today’s edition of the David Lukas Show, David and Zach talk about the importance of setting goals, or resolutions if you will, for your financial future. Throughout the hour, our financial gurus explain the keys elements needed in forming constructive habits with your money.
If one of your New Year’s resolutions is to secure your financial future before and after retirement then a WorryFree Retirement® is for you! Call David Lukas at (501) 218-8880 today!
Additional Resources You can pick up a copy of Don’t Follow The Herd
Are you a Saver? Find out now by taking the test at 3Personalities.com
Listen to David chat with Tony Walker, about The WorryFree Retirement® Process.
Born To Save... Pressured To Spend
To be American is to spend money—right? Unfortunately, for the most part, that statement is correct. In today’s financial environment, many savers are finding the pressures to conform their saver’s mentality to that of a spender’s hard to withstand.
So what’s a saver concerned with financial security trapped within a consumer culture to do?
In this week’s installment of the David Lukas Show, David and Zach explain steps that can be taken and the planning that should be done to ensure a WorryFree Retirement™.
First on the discussion table is Hersh Shefrin’s, PHD, study “Born To Spend”, and how both nature and nurture impact an individual’s spending and borrowing habits. David and Zach explain, in detail, why a person’s mentality towards money matters and how the traditional approach to financial literacy and understanding isn’t working for most Americans. One major reason being that most of us don’t know what our financial personality is. Knowing how you think about money is a key component to gaining the skills and understanding the processes that are involved in making informed investment decisions.
Find out what your financial personality is today!
Of course, financial security takes more than just a basic knowledge of all the options that savers, investors, and speculators alike have for safeguarding their hard earned retirement funds. It takes a firm vested in your future, a firm like David Lukas Financial, to set said safeguards in place.
David Lukas Financial specializes in the uncommon strategies that can protect your hard earned money and retirement funds from the inevitable pitfalls of Wall Street. If you’re interested in Sleep Insurance™ and worrying less about money™, call 1-800-559-0933 now.
Secure your future by meeting with David today!
Did you know that the ever-popular annuity was actually a contract created during Roman times as a safe option to preserve peoples wealth? These “contracts” during the Emperor’s time were known as annua, or “annual stipends” in Latin. The concept was that Roman citizens would make a one-time payment, or investment, to the annua, in exchange for lifetime payments made back to them, the investors, once a year.
So it’s safe to say that the concept of Mailbox Money® originated during Roman times? Right? Right!
In this week’s installment of the David Lukas show, David and Zach demystify the cryptic annuity and explain how they are perfectly tailored for savers.
Throughout the hour, David and Zach discuss how different people have different needs and that having only one type of annuity for everyone to choose from would be folly. Thankfully there are three options currently available: the fixed annuity, the variable annuity, and the fixed indexed annuity.
Unfortunately, there are many common misunderstandings of annuities because they have been both highly misused by financial advisors and investors alike. Because annuities can be complex, understanding the fine points is paramount!
In order to make informed decisions about money, it is necessary to know the good the bad and the ugly details of the plans you are making. We, at David Lukas Financial, have the knowledge to take you and your retirement to the next level of security with the WorryFree Retirement® plan. WorryFree Retirement® is a streamlined and proven plan that implements the steps necessary to ensure the sleep insurance® needed to enjoy your life—after work.
Visit DLShowonline.com to download your FREE copy of the Annuity Decision Guide, and decide which annuity is best for you. For more information on annuities call the David Lukas Financial office at (501) 218-8880 or toll-free at (800) 559-0933 to make your “no obligation” appointment today!
So many of us live trapped within the world of Behavioral Finance. Unfortunately, the decisions we make ourselves, as investors, or with the help of financial advisors may not be in our best vested interests.
On this week’s installment of the David Lukas Show, David and Zach talk about how the different Behavioral Finance theories (like Heuristics, Herd Instincts, etc.…) all still lead to the same universal question: “Why do investors still end up making irrational market mistakes?” The answer is easy. Most investors aren’t true investors—they’re savers.
Throughout the program, the point David frequently makes is that it takes a certain type of personality to be either an investor or a speculator. Neither of those traits match the financial personality traits of a saver.
Are you unsure about what your financial personality is? Take the FREE test today by visiting 3personalities.com.
David Lukas Financial specializes in the uncommon strategies that can safeguard your hard earned money and retirement funds from the inevitable pitfalls of Wall Street. If you’re interested in worrying less about money™, call 1-800-559-0933 now. Go ahead. Secure your future by meeting with David today!
On this episode of the David Lukas Show, attorney and author JJ Childers talks about the importance of personal asset protection. Listen to Childers explain how it is perfectly possible , and legal, to protect your money from taxes, lawsuits, and debt with the many tools and vehicles that are currently at your disposal.
According to Childers, there are three legal pitfalls that people leave their assets vulnerable to when there is a failure to take the necessary protective steps:
- Lawsuits
- Extensive Income Taxes
- Substantial Death Taxes
Business holdings can also lead to liability when it comes to asset protection. LLCs (Limited Liability Company or Corporation) can shield personal assets from lawsuits or claims made against a particular business.
Childers goes on to mention how many people and business owners pay unnecessary taxes each year because they just don’t know any better.
Heavy taxation after death is a nasty reality. Unfortunately those who fail to setup a will, trust, and other forms of asset protection waste thousands of valuable dollars in probate. That’s a fact!
Attorney J.J. Childers attained his Bachelor of Business Administration degree as well as his Juris Doctor. As a licensed attorney, Childers has saved small business people throughout the United States protect millions of dollars from lawsuits, income taxes, and death taxes.
No one ever secured a sound financial future by waiting to plan. The best time to establish asset protection is before problems arise. David Lukas Financial specializes in specific uncommon strategies that can safeguard your hard earned assets.
For more information call David Lukas at (501) 218-8880 today.
How much do you know about the Federal Reserve Note—aka money—your wallet? It is a little known fact that all of the currency circulating within our economy was created out of debt.
Our current monetary system utilizes mostly government bonds as backing for the money supply, and it has locked the nation into perpetual debt. So what happens to these funds? Where do they go? Who creates them?
In this week’s installment of the DL Show, David re-visits his past interview with author of The Creature From Jekyll Island, G. Edward Griffin. Listen to David and Griffin as they discuss the secret meeting on Jekyll Island, Ga., at which the conception of the Federal Reserve took place. According to Griffin, Six men, representing 25% of the world’s ENTIRE wealth at the time, deftly devised a system that would later convince both Congress and the American public that they were a legitimate agency of the US Government. This very meeting would birth the banking cartel better known as the Federal Reserve. Griffin goes on to tell the amazing story of how the creators of the Fed had one simple strategy: to protect its members from competition.
Also in the interview, David and Griffin discuss The Mandrake Mechanism; the term coined by Griffin himself. The Mandrake Mechanism—a process unknown by the vast majority of the public— is the process by which money is created within our economy.
Since the National Bank’s inception, there have been many consequences of the system that was devised in secret. From the beginning the basic plan for the Fed was to stabilize the economy…yet instability persists.
From the crashes of 1921 and 1929, the great depression of 29’ to 39’, the recession in 53’ 57’ 69’ 75’ and 1981, “Black Monday” in 87’, and 1000% inflation which has destroyed 90% of the US dollar value.
Inflation is the largest hidden tax known to man. According to Investopedia.com, inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. What occurs naturally through inflation the public would never tolerate through direct taxation. In fact, US citizens are subjected to enormous hidden taxes that grow in the guise of inflation each year.
Want to hear more? Gain further insight by listening to the entire interview today.
We at David Lukas Financial want you to make informed decisions about your money. In order to do so, it’s imperative to understand what is really happening. You can gain the valuable knowledge and advice needed to make informed investment decisions that will safeguard your hard earned money.
Don’t wait! Call David Lukas Financial today at (800)-559-0933.
Are you unaware of the amount of fees you are currently paying on your investments each year? If you are, you’re not alone. Millions of Americans have been sold a retirement plan—the 401k specifically—that can be loaded with the kind of hidden fees that could eat away up to two thirds of the account you’ve spent your entire career building.
In this week’s installment of the David Lukas show, David and Zach are back to further explain the expensive pitfalls of uninformed and uninvolved investing.
Because Main Street has infiltrated Wall Street the amounts of lost opportunity costs are growing daily. Today the average investor’s return equals only around 2-3% and those same investments are susceptible to devastating market losses.
In a recent interview Jack Bogle founder of Vanguard suggested:
If you want to improve your retirement outcome, be sure to minimize Wall Street’s take.” He also states “costs are a crucial part of the equation. It doesn’t take a genius to know that the bigger the profit for the management companies… the smaller the profit for investors. Money managers always want more and that’s natural enough in most businesses—it’s not right for this business. What is supposed to happen in the Fund business is the miracle of compound returns. But that magic is being overwhelmed by the tyranny of compounding costs. It’s a mathematical fact. There’s no getting around it.
Opportunity loss isn’t an inevitable part of the investment process, but it is the most devastating. To minimize your amount of opportunity loss—when it comes to taxes and costs on your investments—call David Lukas Financial today.
David Lukas Financial specializes in the uncommon strategies that America’s most wealthy investors have been utilizing for years, and he can implement those same strategies for you. David Lukas Financial can be reached at: 800-559-0933.
Have you been duped into believing that you’re an investor instead of a saver? Does Wall Street have you convinced that in order to make money in the market you must be resigned to high fees and opportunity loss?
Listen to David and his co-host for this episode, Zach, talk about the psychological factors that investors find themselves yielding too within the volatility of Wall Street. During this hour of the DL Show, David explains the damage that can be done to your portfolio with a “throw it in the market and leave it there” type mentality.
According to David, many investors may not realize just how difficult it is to make up for loss in the market. On an investment, a 50% loss would require a 100% gain in the following year just to break even.
This phenomenon, known as “negative compounding”, is rare like market stability and not the usual outcome. Unfortunately, most market losses are lost forever. And just exactly what is the cost of opportunity lost? As far as your retirement is concerned — TOO MUCH!
David Lukas Financial is helping clients across the United States by offering valuable information and advice that Helps Savers Worry Less About Money.™ Listen to the full show to hear David and Zach's analysis of the impact of human behavior and fees on the average investors portfolio. David’s firm can be reached at: 800-559-0933
David Lukas, host of the David Lukas radio show and recent recipient of the Nielsen Award for being one of the top 100 Financial Shows in the nation, was back in the studio this weekend to introduce and chat about his interview with the author of “The Power of Zero”, David McKnight.
According to McKnight, one thing’s for certain: taxes will—must go up. It is a mathematical fact that tax rates will undoubtedly double in order to keep our nation’s debt out of default before the 2023 projected deadline. This, my friends, is the dirty little secret the government refuses to talk about.
We, as investors, have been asleep at the roulette wheel for too long. America must wake up before it’s too late. It’s time for everyday investors to start thinking and investing in the uncommon strategies Fortune 500 executives have been implementing, for their own finances, for years.
According to McKnight, “there is a perfect amount of money to have in each of the three basic types of investment accounts; and when the correct amount of money is in each of these three buckets—that’s when the magic happens…bringing you into the 0% tax bracket.”
During the interview, McKnight also mentions several types of non-traditional IRAs that are available to those who qualify, along with the explanation and suggestion of an LIRP (Life Insurance Retirement Plan). Because the IRS keeps close tabs on all of our investments, except for LIRPs, we, as investors, must do the best we can to move our taxable assets into tax-free positions.
Also listen in to learn how to reposition your assets so your social security is exempt from taxation.
David Lukas Financial is helping clients across the United States get into the Zero Percent tax bracket in retirement. David’s firm can be reached at: 800-559-0933
“The Power of Zero” can be bought through Amazon by clicking here. Click on the Recommended Books tab to see more of David Lukas’s suggested works for reading.
“Wealth is the ability to fully experience life.” — Henry David Thoreau
“If your outgo exceeds income, your upkeep will be your downfall.” — Bill Earle
Listen to guest host JJ Childers, local Little Rock attorney and occasional guest speaker on the David Lukas Show, talk about the benefits of financial education in the second installment of his Fiscal Fitness Series.
According to Childers, everyone is already or soon will be involved in real estate to some aspect in their lives, so why not gain the financial education required to make strategic informed decisions?
Today is the show and now is the time! Listen and learn about the IDEAL investment, as it relates to real estate, and the difference between good debt (debt that has the potential to add value to your life) and bad debt (debt that can hinder you from enjoying your life).
The acronym IDEAL means…
I – income (potential to generate income)
D – depreciation (deductions, in relation to taxable income)
E – equity (building value by paying into investment)
A – appreciation (the gain of value)
L – leverage (the ability to borrow money to gain an asset)
Because of Childers’ expertise in both business and personal financial law, he’s a great source of information regarding the pecuniary consequences of debt and poor investment choices.
To learn more about what JJ Childers at Keech Law Firm can do for you, please contact him at (501) 221-3200.
In the United States, where consumer debt is increasing at a staggering rate, the significance of wealth education is grossly unrecognized. Most young Americans haven’t acquired even a basic level of monetary know-how by the completion of high school, and they, unfortunately, fall into multiple forms liability because of their lack of general financial knowledge.
This week on the David Lukas Show, featured speaker JJ Childers, attorney and partner at Keech Law Firm, discusses the current lack of fiscal fitness in America and what we, as individuals personally vested in both our country’s and our own financial future, can do to savvy up money skills.
Childers also touches upon the importance of balance between good and bad debt. Taking out loans to buy a house and education can be necessary, usually positive, investments that accrue debt. But, just as in all things, the moderation of that debt is key.
Another costly mistake that people frequently make, according to Childers, is not educating themselves on their personal investments and retirement plans. He suggests delegation not abdication. Working with a team, in your own best interests, carries greater benefit than handing over your portfolio to an FA to invest for you. Remember, not all financial advisors have your best interests at heart—they get paid weather you make or loose money.
Attorney Kevin P. Keech founded Keech Law Firm, PA in April 2004 after practicing commercial law for several years at one of Arkansas’ largest business law firms. The firm brings valuable experience—providing quality legal representation and personal attention in the following areas:
- Consumer Bankruptcy
- Commercial Bankruptcy
- Business Representation
- Real Estate Matters
- Construction
To learn more about what JJ Childers at Keech Law Firm can do for you, please contact him at (501) 221-3200.
This week, on the David Lukas show, listen to featured guests Neil and Deron, of Denman, Hamilton and Assoc., speak once again about the many benefits of working with a Certified Public Accountant when it comes to both your taxes and your finances.
Listen to Neil and Deron go into detail about:
1) Budgeting
Decoded. The steps needed to set a realistic budget that decreases debt and increases positive cash flow.
2) The three most common types of personal debt
Credit cards, car debt and student loans are three types of debt many people carry at unnecessary cost.
3) Business Debt
Businesses, no matter the size, carry varying amounts of debt. Many are unintentionally built upon a high debt structure that can be modified with the right guidance.
4) Acknowledging and stopping your debt cycle
How to control spending and accumulate capitol.
Both low income and high wage earners alike are vulnerable to the pitfalls of taxation and debt. Denman and Hamilton know what it takes to start to safeguard and relieve you and (or) your family today.
To learn more about these proactive strategies, or speak with a Certified Public Accountant contact either Neil Denman or Deron Hamilton at: (501) 312-9491.
Denman, Hamilton and Associates serves clients all over the United States.
Listen to Neil Denman and Deron Hamilton, of Denman, Hamilton & Associates CPA, PLLC, discuss how CPAs can and should be utilized throughout the year—not just during tax season.
This week’s installment involves a candid conversation about Denman, Hamilton &Associate’s specific expertise in:
- 401K taxation and penalties
- New business set-up (advantages in INC, LLC, etc.)
- Self-employment taxation regulations
- Limited legal tax liabilities
- S Corporations and C Corporations
- Positive cash flow strategies
- Specific wealth creation processes
- Balanced budgeting
By implementing the proactive approach that sets them apart from other firms, Hamilton and Denman can execute the strategies needed to eliminate unnecessary or painful taxation.
To learn more about these proactive strategies, contact Neil Denman or Deron Hamilton at: (501) 312-9491.Denman, Hamilton and Associates serves clients all over the United States.
To learn about more financial strategies that are unknown by many CPA’s and Financial Advisors, contact David Lukas at: (800) 559-0933 or David@DLShowOnline.com or visit: DavidLukasFinancial.com
In this week’s installment of the David Lukas Show, David and Neil Denman CPA, of Denman, Hamilton & Associates, discuss how you can both increase revenue and add value to your current income through proven tax strategies that work for you—not against you.
By implementing the disciplined approaches that a seasoned CPA can into your current financial planning, you’ll eradicate lost opportunity costs by cultivating the miracle that is compounding interest.
CPAs aren’t just for tax seasons anymore either. According to Denman, “It’s not always about lowering taxes. We help individuals and business owners by driving revenues and raising incomes as well.”
Through the careful specific planning that a certified public accountant such as Denman provides, earners gain access to their money without having to pay additional taxes or penalties.
To speak with Neil Denman, of Denman, Hamilton and Associates personally contact him at: (501) 312-9491.
The concept of capitol isn’t complicated. We need it to fund our lifestyles, businesses, and retirements. Finding ways to keep as much of our hard earned capitol, as possible, can be. To learn more about these uncommon strategies, contact David Lukas at: (800) 559-0933 or David@DLShowOnline.com or visit: DavidLukasFinancial.com
To Error Is Human—Right?
We, humans, are presented with multiple opportunities to make potentially damaging financial mistakes everyday.
When you’re young and in the first half of your financial life, such mistakes are typically not as painful to shrug off. But, as you power toward retirement, the second half of your financial life, such blunders become much more…costly.
Two of the most common mistakes savers make is paying taxes on the same dollar twice and loosing the miracle of compounded interest. Neither of which are necessary. Such life-experiences can be avoided by putting your money into a specifically structured IRA or LIRP. Thus eliminating the over-taxation of your hard earned retirement funds. Instead, you position yourself into a taxed advantage situation that eliminates lost opportunity cost.
Does all of this seem too hard to wrap your head around? Are you wondering why nobody has told you about a WorryFree Retirement? Are the financial mistakes you’re making today hindering the security of your financial future?
If you answered yes to one or even all of these questions call David Lukas , to make a risk-free appointment today. Office: (501) 218-8880, or Toll-free (800) 559-0933.
Meeting with David is free and holds no obligations to you. And because the more you make the more the government takes, there has never been a better time than now to take control of your financial future.
sav·er
ˈsāvər/
Noun
Plural noun: savers; suffix: -savers
1. To rescue or preserve from harm, danger, injury, etc.; make or keep safe
2. To prevent or guard against loss or waste
-Dictionary
What does it truly mean to be a saver? Well, as it turns out it all boils down to psychology. How we think about money isn’t just a learned trait—it’s engrained into our financial DNA. In this week’s installment of the DL Show, David Lukas explains how a saver’s genetic makeup differs from that of the other two types of financial personalities [investors, speculators].
Your job is to confirm that what the financial world is in the business of peddling is in your best interest - that the products and strategies are in line with who you are and what best suits your financial personality. The Tree Personalities of Money® provides you the confirmation you need to avoid the trappings of the one size-fits-all mentality that are bombarding your mind on a daily. Wall Street has no intentions of safeguarding your hard earned retirement funds, so that leaves it up to you. If you’re more concerned with protecting the return of your money than seeking higher rates of return on your investments the time toact is now.
Let David help you take the necessary steps needed for financial freedom. Protecting what you have has never been simpler.
By following the 5 Simple Steps to The WorryFree Retirement® you can be well on your way to being Worry Free.
Call now and make a no strings attached appointment today. Find out how The WorryFree Retirement® process can help you worry less about money at the same time you enjoy and use your money. Find out what it means to have guaranteed income that you can never outlive.
Office: (501) 218-8880
Toll-free: (800) 559-0933
Are you a saver? Find out by taking the test: 3Personalites.com
On Wall Street, it is believed that “he who makes the rules makes the money.” That’s a great mantra, if you happen to be the one cashing in.
Unfortunately, as it turns out, most of us aren’t cashing in because we only know the rules, of this ever-changing game, as they’re explained to us. Wall Street knows and takes full advantage of this fact!
On this week’s episode of the DL Show, David revisits the idea, originally established by his partner Tony Walker, of helping savers worry less about money® during the second half of life.
Tony’s The WorryFree Retirement® speaks in depth about how his 20+ years of experience within the Wall Street Machine have changed his unique approach toward retirement planning for the better. By both understanding and recognizing The Three Personalities Of Money®, Tony has helped thousands of people identify and utilize their financial DNA, and in return sleep better at night knowing, not just hoping, that their money is safe. Tony’s practice in the financial trenches allows for him to know, not just speculate, how Americans should be planning for retirement.
If you haven’t taken the three personalities test, visit 3personalities.comand discover which of the three distinct personalities you are.
There will never be a better time than now to take the necessary steps in safeguarding your future by experiencing a The WorryFree Retirement® for yourself. Learn more about this safe, simple and unique process by going HERE
For more information on how best to take maximize your financial DNA, call David Lukas with Infinite Financial Services today at (501) 218-8880. Remember, there is never a cost or obligation to meet with David.
Also pick up a copy of The Three Personalities Of Money®, Book HERE
On this week’s episode, David talks about the many ways he and his recent partnership with Tony Walker can Help Savers Worry Less About Money®. During last week’s episode, David spoke about his ninety-eight, soon to be ninety-nine, year old grandmother Edna and the fact that 30 years ago, after her husband Franks death, she started to and still to this day is receiving monthly income from his retirement plan.
Frank, who started working for a Continental Baking Co. in 1953, is still providing for his wife, after death, with guaranteed Mailbox Money® that will come to her monthly, for the rest of her life.
According to a recent study and survey, 61% of Americans are more fearful of outliving their money than they are about dying. David validates this fear in his book Who’s Future are You Financing, by noting that the elderly now make up 2.7% of the U.S. population. The largest group, people between the ages of 90-94, has also grown the fastest, with an increase of 44.6% sine 1990. This is a huge increase considering that the average life expectancy back in 1900 was around forty-seven years old.
So what’s a real solution for a real problem? First, we need a re-education on annuities. This is easily accomplished by downloading the Annuities Decision Guide. By demystifying the idea that they’re too complicated to understand. The author, Tony Walker, explains how each of the four types of annuities can be advantageously applied to your retirement plan.
To learn more about how the four types of annuities can benefit you and your retirement portfolio, call David Lukas, (501) 218-8861, at Infinite Financial Services. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything in the industry.
What is your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
What if you could invest in something that could guarantee income for life like Granddad had?
David talks about the fact that till this day, his soon to be 99 year old grandmother, Edna Lukas still receives a check for the last 30 years from Granddad's (Frank Lukas) retirement, well after granddad passed away. Most people feel there's no hope of having a retirement like granddad.
On this week’s installment of The David Lukas Show, David talks about how his recent Partnership with Tony Walker, author of Don’t Follow the Herd, The Worry Free Retirement and The Three Personalities of Money, will benefit “savers” with their retirement plans.
Walker created his uniqute process, The Worry Free Retirement, to alleviate the anxiety savers feel about outliving their money after retirement. And, because both David and Tony believe a retirement plan should be built upon an individual’s vision for their own future, they sincerely feel it should also fund your future—not Wall Street’s.
Now is the time to act! By not following the herd, savers like you can safeguard your precious funds from market corrections and provide themselves guranteed mailbox money for life. If you are in the 2nd half of life and are at or near retirement, can you afford another 2008 market correction? If you are a Saver there is nothing correct about "Correction". Remember, there's a big difference between your "I hope so money" and "I know so money".
Call to put The Worry Free Retirement Process to work for you. Call David Lukas, (501) 952-3090
You can pick up a copy of Don't Follow The Herd HERE (Go to "Extras" in from your David Lukas Show App)
Are you a Saver? Find out now by taking the test at 3Personalities.com
Listen to David speak with Tony Walker, author of Don’t Follow the Herd, The Worry Free Retirement and The Three Personalities of Money, about how listeners, like you, can implement the successful Five Step Process within their own retirement plans.
Walker, creator of The Worry Free Retirement System, developed this unique process in the early 90’s for“savers”. Before all else, Walker takes how God has created you, specifically, into consideration by assessing how you’re wired for risk. And because the risk tolerance questionnaires many financial advisors are still using as starting points for portfolio planning are now obsolete, in today’s volatile market, consumers needed a product that would see them through the three halves of life.
By understanding what annuities are best suited for what customers (Those in the 2nd half of life) Walker was also able to create the Annuity Decision Guide. Deciding what annuities to purchase can be a daunting task. With the Guide’s assistance, all guesswork is taken out of the equation. And unlike most financial advisors, Walker has great working knowledge of how properly used annuities can streamline the retirement planning process.
To learn more about how Fixed and Index Annuities can benefit you and your retirement portfolio, call David Lukas, (501) 218-8861, at Infinite Financial Services. David has partnered with Tony and his Worry Free Retirement network to help his clients implement the Worry Free Retirement process. It's unlike anything in the industry.
What is your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
Do You Know the Rules of the Game? Do the financial institutions teach you the rules? No!
If you were going to be sent to play in The Masters and you could choose one of two things, you could have the clubs of any player that's ever played a round of golf, or you could have their ability. Which would you choose? Of course! You would want their ability. What is it that financial institutions have to offer? Financial products (clubs) to sell. Do you need the clubs to play the game? Of course you do, but the greatest impact on your game comes from profecting your swing. In short, it's more about a process than any product.
Listen to David talk about the three halves of life as well as The Three Personalities of Money. Discover the role your financial DNA plays within the three “halves” of your life by visiting 3personalities.com.
Are you…
1. The Saver
-
The Investor
-
The Speculator
By identifying and utilizing your financial DNA, you’ll have the advantage needed to make educated plays during the three halves of your life. Because, unlike in sports, where there's always another game, in the 2nd half of life, often times, there are no do-overs. Which half of life are you in? The first Half, Half Time, or the 2nd Half?
For more information on how best to utilize your financial DNA, call David Lukas with Infinite Financial Services at (501) 218-8880. To take the three personalities test visit 3personalities.com.
Do you have a plan for your finances? Listen to David’s guest host JJ Childers, attorney, financial advisor and author, talk about specific ways to increase and protect your wealth.
Throughout the hour, Childers, who co-wrote Asset Protection 101 with Donald Trump, goes into detail about his 3-g approach (get it, grow it, guard it) to wealth in safeguarding assets while taking an informed approach to your financial education.
Certain issues, such as heavy debt-to-income ratio and even bankruptcy, can be avoided by “planning your work…and working your plan.” By using a mostly offensive strategy—with a little defense, you allow yourself the opportunity to implement Childers’ 3-g approach into your personal financial strategy.
Take control of your finances by minimizing an unfavorable partnership agreement with Wall Street and Washington.
It is perfectly possible to protect your money from taxes, lawsuits, and debt with the tools and vehicles at your disposal. Don’t wait a moment longer to plan your financial future. The government is prepared to get theirs so make sure you’re protecting yours.
Infinite Financial Services specializes in specific uncommon strategies that can safeguard you from Washington’s insatiable apatite for your hard earned money. For more information call David Lukas at (501) 218-8880.
JJ Can be recahed at: JJ@JJChilders.com
In relation to your hard earned retirements funds, do you know the difference between I hope so money and I know so money? Unfortunately, Americans can’t predict how much our government sanctioned retirement plans will be worth in the future, within a capricious market and the inevitable rise of tax rates.
In this week’s installment of the David Lukas Show, David and his fellow associate, with Infinite Financial Services, John Little talk about how important it is for investors to be proactive when it comes to their freedom, their money, and their future.
As the market races towards an inevitable correction, we’re still taking investment advice from fee-driven Wall Street to stay the course. Why do we do this? By readily accepting the occasional highs along with certain lows our investments bring us, we, as investors, start to believe that our rewards will greatly out-weigh the risks we take with our money.
This mentality has both facilitated and supported the widely accepted practice of dollar cost averaging (DCA). Dollar cost averaging is meant to smooth out market highs and lows by implementing the process of buying at all times…no matter what the market’s doing. What they aren’t telling you is that DCA’s effectiveness is questionable and numerous studies have been done to de-bunk this widely touted investment strategy.
If you’re continuously finding the losses your portfolio takes to be more annoying than the satisfaction rewarded in gains, there are other options available. Infinite Financial Services specializes in the uncommon strategies that will put you ahead of the correction curve. For more information call David Lukas at (501) 218-8880.
To view the links below, go to "Extras" from your David Lukas Show Smart Phone App.
Further Research:
WikipediA: Dollar Cost Averaging
Journal of Financial and Quantitative Analysis: The Suboptimality Of Dollar Cost Averaging
Has The US Stock Market Been Rigged?
If what you thought was true turned out not to be…would you want to know about it?
Listen to David talk about the recent 60 Minute interview with Michael Lewis, the author of the book Flash Boys, and how Lewis blew the whistle on the lucrative business of high frequency trading. Lewis explains how shaving milliseconds off of the time it takes to purchase through the stock exchange’s network is enabling large investment firms to legally front-run orders and make billions from buying desirable stocks ahead of investors.
Katsuyama, a New York trader with the Royal Bank of Canada, is the man who actually discovered the system was rigged. The BATS Exchange was actually founded by the same high-frequency traders that were able to see what Katsuyama wanted to buy—continuously racing to acquire said stocks first and then sell them back to him at a higher price.
The desperate lengths that Wall Street insiders will go to for gains are staggering and the millions of dollars that have been spent for the unfair advantage over investors is just a drop in the proverbial bucket compared to profits rewarded.
With all of this new information, doesn’t it seem strange that some Wall Street professionals are openly confessing such corruption? In Rich Smith’s May article, written for Daily Finance, he brings to light the recent survey, conducted by the law firm Labton Sucharow, of 500 financial services professionals; Many of which openly admit to their own opportunities for or instances of unethical business transactions.
Still think Wall Street has your best interests at heart? If not, there are plenty of uncommon strategies that can be implemented to safeguard your hard earned investments—strategies that work. For more information call David Lukas with Infinite Financial Services at (501) 218-8880.
To view the articles below, go to "Extras" from your David Lukas Show App
CBS News: 60 Minutes, Is The Stock Market Rigged?
CNBC: 2014 crash will be worse than 1987’s, Marc Faber
Listen to David speak with Neil Denman, CPA, and partner of Denman, Hamilton and Associates, talk about the alternatives we as taxpayers should consider to minimize taxation as much as possible.
Obama care, whether you’re for it…or against it, is now just as inevitable as tax day and the cost difference between a government approved plan or a non-compliant plan could be significant for you and your family.
According to the standards established by the ACA (Affordable Care Act) if you choose, or have already chosen, a noncompliant plan you are going to be subject to the fines the policy has set forth. This is going to be done by an increasing scale over the next four years. Once it’s fully phased in, it can amount to two and a half percent of your adjusted gross income. So, if your total income for the year equals $200,000 your penalty would be approximately $5,000. For some families, the penalty paid could be less than the cost of so-called “affordable care”.
Throughout the program, Denman and David also clarify an available alternative to health insurance provided through specific Christian organizations that are in compliance with the ACA. These programs base their coverage on family size and offer a set monthly payments.
Before you fully invest in the government’s controlled tax postponement programs (401Ks and IRAs) consider some uncommon strategies that provide you tax-advantaged access while maintaining use and control of your money. Listen to David and Neil talk about financial strategies that are unknown by many CPA's and Financial Advisors.
To learn more about these uncommon strategies, contact David Lukas at: (800) 559-0933 or David@DLShowOnline.com or visit: InfiniteFinancialServices.com
To speak with Neil Denman, of Denman, Hamilton and Associates personally contact him at: (501) 312-9491. Neil and his firm serve clients all over the United States.
With tax day right around the bend… are you prepared?
Listen to David speak with Daren Hamilton, a CPA and partner of Denman, Hamilton and Associates CPA, PLLC, speak candidly about the necessary balance between savings and spending, taxes, and the release of Hamilton’s first book The Balanced Approach.
Much of what we, as investors, have worked for is contingent on future stability. And as we all know, there are only two things guaranteed in life: death and taxes. As life, investments, and business transactions become more complicated so do taxes.
Having a CPA (Certified Personal Accountant) review and process your tax returns can be beneficial in many different ways, especially if you are a small business owner or affiliated with non-profit organizations. And, according to Hamilton, 1/4th to 1/3rd of taxpayers are paying unnecessary taxes.
Also, with the implementation of Obama’s Affordable Care Act taxes will be changing in 2014, making filing more complex than it already is; all persons earning over $250,000 will be taxed, to subsidize the program. Your investments are the target, and additional taxes will be placed on all passive investments.
Contrary to what many may be thinking, it’s perfectly legal and possible, through the services of a CPA, to shield certain taxes from increasing. Personal deductions, payroll services, and back-taxes or non-filed taxes are just a few of the specialized services offered through Denman, Hamilton and Associates. All transactions are handled with care thoroughly and confidentially. Denman, Hamilton and Associates serve their clients all over the U.S. They can be reached at: 501-312-9491
Hamilton’s book The Balanced Approach will be available mid April through amazon, and here on DLShowOnline.com
Remember, to access any of the links discussed during this boradcast, you can go to "Extras" from your David Lukas Show Smart Phone**
What are the nine most terrifying words in the English Language? I’m from the government and I’m here to help.”
-Ronald Reagan
During the recent State Of The Union Address, President Obama declared that he would secure a dignified retirement for all Americans with his new "myRA" retirement account. This account will be created by executive action. (read except from the White House website below).
*From* WhiteHouse.Gov: Year of Action: Making Progress Through Executive ActionTo build lasting economic security, the President will act on a set of specific, concrete proposals to expand opportunity for all Americans. In the State of the Union, the President announced that he will use his executive authority to direct the Department of the Treasury to create “myRA” a new simple, safe and affordable “starter” retirement savings account that will be offered through employers and will ultimately help millions of Americans begin to save for retirement.
The Treasury Department’s myRA (my Retirement Account), a new offering from Obama, is being proposed to Americans as a “new simple, safe and affordable ‘starter’ retirement savings account, provided through employers and will ultimately help millions of Americans to begin to save for retirement,” according to the press release posted on whitehouse.gov. , January 29, 2014.
Listen to David talk in detail about how the government wants to "help" millions of middle class Americans, with incomes earning up to $191,000 a year, through participating employers, starting in 2014.
Sound too good to be true? Is the government run myRA a great way for low-to-middle income Americans save for retirement, or is it just another way for Washington to get their increasingly desperate hands on you hard earned money—you decide.
Related Articles:
*Wall Street Journal: Now He's After Your 401(k) American Thinker: The Fed Wants Your Retirement Account Washington Times: Is Your 401k About To Be Nationalized? Ron Paul talks about 401k Confiscation: http://youtu.be/jJq0G4yr_K4*
Rembmer, you can access any link from your David Lukas Show Smart Phone app by going to "Extras".**
1risk noun \ˈrisk\
: the possibility that something bad or unpleasant (such as an injury or a loss) will happen
: someone or something that may cause something bad or unpleasant to happen
Synonyms for risk: endanger, imperil, jeopardize, hazard, gamble, gamble with, chance, put on the line, put in jeopardy. : a situation involving exposure to danger.
"An investment operation is one, which upon thorough analysis, promises safety of principal and an adequate return.
Operations not meeting these requirements are speculative."
~Benjamin Graham, The Intelligent Investor
(Considered one of the best investment books of all time)
How much of your hard earned retirement funds are you willing to gamble in the Wall Street Casino? Listen to David interview Barry Dyke, the author of both The Pirates of Manhattan and The Pirates of Manhattan II, Highway To Serfdom.
Throughout the conversation Dyke presents and supports the idea that “The only people really benefiting from the Mutual Fund game are essentially the insiders and asset managers,” and, that we have a “tainted press that will not report this truth.” Because advertising supports more than 80% of the major media companies, in America, and news company market values are down, major Wall Street advertisers are the ones paying the large amounts of money to keep most major media outlets going.
The fact that the Fed Reserve, which has more economists and PhDs than anywhere else, has 75% of their 401k assets in interest income accounts (backed by life insurance companies) is very telling. The too big to fail banks who own these major Wall Street firms also do not speculate with their money. They do however invest billions and billions into guaranteed insurance products. These are the very people who want Wall Street investors to believe that corruption on Wall Street is the exception and not the rule. In Barry's book, he proves that the facts say otherwise. Barry systematically documents how the “Asset Management Industrial Complex” have successfully dumped risk on us, the little guys, while they do not speculate with their money.
Because we live in a great country, we have the freedom to invest or not to invest however we choose. So, before we heavily invest in speculative products that offer no guarantees, we as educated investors deserve to be informed that this industry does not "eat their own cooking".
By listening to Barry Dyke and taking David Lukas’s advice you can invest your money into guaranteed products that will insulate you and your loved ones from the harsh realities of the overly optimistic gambling nature of Wall Street.
If you would like to put a strategy in place that provides you tax-free income and guaranteed income for life, call David and his firm, IFS at: 800-559-0933,
To learn more about Barry Dyke and The Pirates of Manhattan click here.
Also listen to David talk to Barry about his first book, The Pirates of Manhattan by clicking here
Listen to David chat with the author of “The Power of Zero”, David McKnight, about how Americans have been “weaned on the idea that taxes will be lower during retirement than they were when we were working,” and how the promises that the Federal Government has made for Medicare and Social Security will most certainly drive the U.S. to raise taxes drastically.
According to McKnight, one thing’s for certain: taxes must and will go up. It’s a mathematical fact that tax rates will have to double in order to keep our nation’s debt out of default before the 2023 projected deadline. This is the dirty little secret the government refuses to talk about and we, as investors, have been asleep at the roulette wheel for too long. America needs to wake up before it’s too late.
It’s time for everyday investors to start thinking and investing in the uncommon strategies Fortune 500 executives have been implementing, for their own finances, for years. According to McKnight, “there is a perfect amount of money to have in each of the three basic types of investment accounts; and when the correct amount of money is in each of these three buckets—that’s when the magic happens…bringing you into the 0% tax bracket.”
During the interview, McKnight also mentions several types of non-traditional IRAs that are available to those who qualify, along with the explanation and suggestion of an LIRP (Life Insurance Retirement Plan). Because the IRS keeps close tabs on all of our investments, except for LIRPs, we, as investors, must do the best we can to move our taxable assets into tax-free positions.
Also listen in to learn how to reposition your assets so your social security is exempt from taxation.
“The Power of Zero” can be bought through Amazon by clicking here.
Click on the Recommended Books tab to see more of David Lukas’s suggested works for reading.
David specalzies in helpnig clients across the United States get into the Zero Percent tax bracket in retirement. David's firm can be reached at: 800-559-0933
Tune in next week to hear David interview Barry Dyke, author of Pirates of Manhattan.
Note* You may need to go directly to: DLSHowOnline.com to view some of the sharts and videos mentioned on this boradcast. Simply seach for the title of this broadcast.
Are the fundamentals sound? Or is Wall Street high on Easy Money? This week David talks about the recent chart that has been making the rounds on Wall Street. The chart superimposes the market’s recent performance on top of a plot of its gyrations in 1928 and 1929. (See chart to under Extras from your smart phone app).
David talks about Hulbert’s article, Scary 1929 Market Chart Gains Traction Hulbert, of Marketwatch.com, discusses the chart that has been circulating and gaining traction with market speculators
David Plays a clip (see video below) where the commentator refers to Janet Yellen as a "Heroin dealer", not in the literal sense, but as heroin referring to the billions of dollars in money printed out of thin air . One may scoff at this comparison, but in reality, it makes a lot of sense. The market is addicted the fed's printing (heroin). If the addict (Wall Street) stops getting it's heroin (endless billions printed from nothing) then we will see a major decline in the stock market. The Fed is on the record of stating that when economic conditions warrant they will wind down Quantitative Easing (printing trillions of dollars with nothing of value behind them). This is like a heroin addiction, saying I'll stop shooting up heroin as long as I stay high. The problem is, the drug is what is keeping the addict high. It is a certainty, that the addict will need more and more of the drug (easy money) to stay high. The problem is, the drug, is not addressing the addict's REAL issues and continued use of the drug will not fix the addict's problems. There is NO good outcome. What the addict needs, is to face the facts and deal with the root cause their problem.
As the Fed keeps printing money, the market is being continuously inflated by the continuation of the Fed's love affair with the printing presses. See the chart below directly from The Federal Reserve. The blue line represents the volume of asset purchases (money printing) by The Fed. The red line is the S & P 500 performance.
Also See: Billionaires Dumping Stocks, Economist Know Why
Additional Resource: Read David's book, Whose Future Are You Financing?
David and his team help their valued client all over the united states. David and his firm Infinite Financial Services can be reached by calling: 800-559-0933
Next Week: The David talks with David McKnight, author of The Amazon #1 best-selling book: The Power of Zero. How To Get To The Zero Percent Tax-Bracket and Transform Your Retirement.
Listen to David interview Bryan Bloom, author of “The Truth About Life Insurance” book two in his “Confessions of a CPA” series. Bloom’s second installment, of the Confessions series, was written to “dispel some of those issues and teach people, the American public, how to use their life insurance before they die.”
Throughout the program Bloom explains how life insurance policyholders can use their own money to “leverage everything else that they’re doing,” by understanding some important principles and their personal Economic Human Value. EHV equals how much money it would take to replace yourself as a “financial engine” in your family. And if removed, “what lump sum of money would be necessary to sustain your family with 50 thousand a year—for life. By using some “uncommon strategies” we, the policyholders, can obtain our value before we need it, instead of needing it and not being able to have it. Bloom encourages his fellow Americans to start looking at life through the insurance perspective: better to have it and not need it, than need it and not have it.
By implementing the principles discussed, both, with David and inside Bloom’s book, you will gain the power of financial leverage.
Click here to purchase a copy of “The Truth About Life Insurance”, one of Bloom’s two books, David has chosen for suggested reading.
To listen to past interviews with Bryan Bloom click here.
Be sure to tune in next Saturday @ 12:00 pm week. David will be interviewing David McKnight the author of “The Power of Zero”.
Tune in to hear David interview Rick Bueter, author of The Great Wall Streeet Retirement Scam.
This book provides insights about money, greed and the American retirement system. Once you understand the critical questions Rick brings up in his book, you will begin to understand how Wall Street is scamming American Retirement savers.
To understand what is happening, you first need to understand the history of the retirement system in the United States.
Tune in to hear David and Rick talk about:
The event in 1974 that changed everything
The birth of IRA's and 401k's.
Listen in as David rick talk about the indisputable connection between Wall Street lobbyist, politicians and their powerful influence on purposely limiting your options typically offering you NO guarantees that you won't lose your money.
Learn about the connection between the ERISA and the longest running bull market (1980-2000).
Learn why the American worker has become the victim of even MORE Government control. The Financial services committee are reviewing all kinds of ideas to figure out how to restrict and control the American worker’s retirement savings even more than it is today. All of this lawmaking is being done under the guise of “protecting" the American investor.
David and Rick discuss the fact that Congress has protected the business of Wall Street by restricting the American worker’s ability to protect their life savings.
Tune in, listen and learn!
To view the link to purchase Rick's Book, click on "Extras" on your Iphone or Android App.
REMEMBER, any links from this episode can be accessed by ging to "EXTRAS" from within your David Lukas Show App***
This week, David interviews Dr. Robert P. Murphy who is one of the leading free market economists in the U.S. today. He is the author of multiple books, including How Privatized Banking Really Works, The Politically Incorrect Guide to the Great Depression and the New Deal, and The Politically Incorrect Guide to Capitalism.
Dr. Murphy’s writings have been featured in Barrons, Forbes, and Investors Business Daily and he has been a guest on Fox Business’s Stossel and multiple other national TV outlets. His research in the energy sector led him to testify in front of congress on oil prices in 2008.
Dr. Murphy attended undergraduate school at Hillsdale College and received his Ph.D. in economics from New York University. He is currently a adjunct professor at the Ludwig Von Mises Institute, Senior Economist for the Institute for Energy Research, and founder of ConusltingByRPM.com.
Specifically in this interview, David and Dr. Murphy discuss his book, How Privatized Banking Really Works. Learn how our current monetary and banking system is inherently flawed and what the true causes of our economic woes are.
When more of the public understands our banking and economic system, then and only then can true change occur. The good news is that Dr. Murphy’s book provides the solution today for what the average person can do today to stop contributing to the inflation of our currency supply and the booms and busts that are the norm in our debt-based monetary system.
If you are serious about your financial future, then you will want to understand our banking system. This book is a must read. You may also want to check out Becoming Your Own Banker by Austrian Economist, Nelson Nash. Another resource you can check out is the Banking with Life Documentary. Dr. Bob Murphy contributed extensively to this documentary. (see video clip below) This documentary can be purchased at a substantial discount HERE
Download How Privatized Banking Really Works in PDF version NOW for free! Simply fill out the form by going HERE to receive a link to download the PDF version for free. If you prefer a paper version of How Privatized Banking Really Works, for a limited time input “PrivatizedBanking” into the Coupon CODE below and you will get this book for just $10.00 with Shipping Included! (Limited Time)
To access all of the show's links from your David Lukas Show App, simply go to "Extras"*
If you are a regular listener of The David Lukas show, then you are no stranger to the concept Mortgage Planning. David has done multiple shows on the topic of
Mortgage Planning over the years.
Here are a few of those shows:
Pay Off Your Mortgage The Right Way,
Mortgage Planning, What Is It? ,
Mortgages, The Right Choice
An entire chapter in David's book is dedicated to the topic.
This week, David is joined by Lee Welfel, Author of the best selling book: The Mortgage Book David is a long time friend of Lee and had the honor of writing the foreword to this book. Lee has pioneered the 6-Step Mortgage Planning Process to serve as a guide to those looking to take out a mortgage.
Tune in to hear David and Lee Discuss:
The Fatal Flaw
The Importance of working with a local lender
The Six-Step Mortgage Planning Process
And much more........
If you would like to contact Lee Welfel, he can be reached by calling: 501-519-7744 or to learn more visit: LeeWelfel.com
You can order a copy of Lee's book now by going to the Online Store. For a limited time, Use the coupon code: "mortgagebook10" to get your copy for just $10.00!
Tune in, Listen and Learn.......
This week, David is joined by David Muhlhausen P.h.D, from The Heritage Foundation. Listen in as David discusses with Dr. Muhlhausen the 2013 Index On Dependence
of Government.
**Please remember, any links can be accessed from Your David Lukas Show Smart Phone App by going to "Extras"
The Washington Post, The Washington Times and Forbes magazine are among publications that have citedMuhlhausen’s research. He has been interviewed on national television newscasts, including PBS’ “Newshour with Jim Lehrer,” MSNBC’s “Hardball with Chris Matthews,” CNN’s “Lou Dobbs Moneyline” and Fox News Channel’s “O’Reilly Factor” and “Special Report.”Muhlhausen joined Heritage in 1999.
Unfortunately, the united states has continued it's massive increase in the portion of the population that depends on the government to provide for them. What was once the domain of family, friends and private charities has been crowded out by an ever expanding federal government whose devotes 70% of its entire budget to dependency creating programs.
America is increasingly moving away from a nation of self-reliant individuals, where civil society flourishes, toward a nation of individuals less inclined to practicing self-reliance and personal responsibility. Publicly held debt has continued its amazing ascent without any plan by the government to pay it back. According the the 2013 Index, nearly 70% of the federal budget is dedicated to dependency creating programs. One of the worrying trends in the Index is the coinciding growth in the non-tax paying public. The percentage of the population who do not pay federal income taxes and who are not claimed as a dependent by someone who does pay them, jumped from 15% in 1984 to 44.7% in 2011. This means that in 1984 35.5 million people paid NO taxes; in 2011, 139.3 million contributed nothing.
As if those circumstances were not dire enough, the country is about to witness the largest generational retirement in world history by a population that will depend on currently insolvent pension and health programs.
These are serious issues that we must consider when deciding where to warehouse and grow our wealth. In light of the realities of an ever increasing percentage of the population that does not pay taxes, where does this leave those who do pay taxes? Will they go up in the future? Many are surprised to find federal taxes are very low in consideration to where they have been since the inception of the income tax in 1913.
David and his firm specialize in strategies that minimize future taxation for those of us who actually pay federal taxes. Now more than ever it's critical to employ uncommon strategies in these extraordinary times we are living in. David can be reached by calling: 800-559-0933 or you can email him at: David@InfiniteFinancialServices.com
Additional Resources to learn more:
David's Book: Whose Future Are You Financing?
SEE: Look What The Wealthy Are Doing
SEE: Look What The Banks Are Doing
This was David's first week to broadcast at his new time on his local affiliate station KARN 102.9FM . The new time every week is 12pm CT. For those of you who listen online or from your David Lukas Show Smart Phone App, this change really doesn't affect you unless you listen live online.
Tune into to hear David talk about his experience of literally "throwing money out the window". Yes you read that right!
David revisits many topics for those who are tuning in for the first time. If you are a regular listener, you will still enjoy learning and being entertained all in the same hour. What more could one ask for?
David can be reached at: David@DLShowOnline.com or 800-559-0933
NOTEAny links can be accessed and viewed from your David Lukas Show App by going to "Extras"
Next Week, on Saturday the 18th at 12pm, David interviews David B. Muhlhausen, Ph.D. from The Heritage Foundation regarding The 2013 Index of Dependence on Government
Listen To Recent Shows and watch the accompanying videos:
Fees, Fees, Fees
Look What The Banks Are Doing
Look What The Wealth Are Doing
Think And Operate Like A Bank
**Please note, when David talks about Qualified Plans on this broadcast, he mentions in qualified plans an individual has to wait till age 65 and 1/2 to access their money penalty free. The actual age is 59 and 1/2.
This week, David dives into the topic of Qualified Plans. Yes, Americans en mass blindly participate in 401k's without having any idea of how they work.
At the very least if you are putting the bulk of your retirement savings into a 401k or other qualified plan, you owe it to yourself to understand the implications of future taxation as well as the hidden fees and the eroding effects they have on your retirement account. This week David hones in on Fees. Next, week, taxation.
Listen in on today's show and then watch the video below. If your web browser is not displaying the video below. Click HERE to watch the video.
We will post a second video further analyzing America's most popular retirement vehicle by early next week. Check back! Until then, Enjoy!
LOOK WHAT THE WEALTHY ARE DOING
Remember to access this week's video and all other links by going to "Extras" from within your David Lukas Show App.
This is a continuation from last week's show: Look What The Banks Are Doing Be sure and watch this weeks video below. You don't want to miss it!
Why is this show titled "Look What The Wealthy Are Doing"? Because, under the current IRS tax code, a properly structured cash value life insurance policy, is one of the few assets that provide tax-advantaged access (I.E. Tax-Free Distribution). In fact, when setup properly, they are treated and taxed exactly like a ROTH IRA. (Both are governed by IRS code section 7702) . It should be noted that many agents do not understand how to setup a policy in this fashion. You should be 100% certain you are working with someone that is an expert in this area. When the right policy is put in place, not only are the proceeds tax-free, but there are much higher contribution limits when compared to ROTH IRAs. (Many people fund these plans at $60,000 per year or more. Compare this to the limitations of ROTH IRA's and the fact that many high income earners can't event participate in a ROTH IRA.
See the entire list of benefits HERE (Also watch the video below)
Watch the video below to see David give a detailed analysis Of a Cash Value Life Insurance Policy VS. an alternative market based account. (From within your App, click on "Extras" and the hit "Play Bonus Content". There is a lot of negative information out there about cash value life insurance. Much of it is based on a misunderstanding of how these policies work . In fact, many life insurance agents don't even know how to setup a policy to maximize the living benefits that a contract offers.
Additional Resources to learn more:
SEE: Look What The Banks Are Doing
10MinuteLessonOnLifeInsurance.com
SEE: How Banks Make Money
Also see the video: Borrowing Strategies.
David and his firm specialize in these advanced insurance strategies and can assist you further on this topic. David and his team can be reached at: (800) 559-0933 or visit: InfiniteFinancialServices.com
As David promised on this broadcast, we've included Federal Income tax rate history since its inception in 1913. (See Extras to view Federal Income Tax History)
Look What The Banks Are Doing, Not What They Want You To Do.
As always, if you are reading this from your Smart Phone App, go to "Extras" to access any of the links that are mentioned below.
If you haven't done so yet, be sure to check out the following broadcast: Think and Operate Like a Bank and How Banks Make Money
This week David talks about one an asset that banks hold billions and dollars of dollars in. In fact, in a recent period, banks bought up over 40-billion dollars in this asset. What is it you may ask? Banks own billions of Dollars in BOLI's (Banked Owned Life Insurance). The largest banks currently own up to 25% of their safest assets (Tier-One Capital) in Cash Value Life insurance. It's very telling when you study the balance sheets of the very financial institutions who advocate that the average investor on main street speculate with their life's savings while they in fact do the exact opposite. For instance, in a recent 9-month period, Citibank bought up over 1-billion dollars in Cash Value Life Insurance to add to their investment holdings. During this same time period, do you know what Citibank's wholly owned subsidiary was advising their clients when visiting their website? "Buy Term and Invest The Rest" (speculate). This is only one of many examples of the hypocrisy that exist by the Big Banks who own the Major Wall Street firms.
Much of this information can be validated by the research of our good friend Barry Dyke and his book: The Pirates Of Manhattan. An industry doesn't buy over 40-billion dollars of something that is bad for them during during a shaky economy.
David mentions a few of his recent Show: You Can't Spend Average, The Great Wall Street Retirement Scam
David extensively talks about a Forbes Article: The Real Cost of Owning Mutual Funds Stop and read this article. It's well worth it if you have every owned a mutual fund.
Stay tuned, next week, David is going to break down the numbers behind properly structured cash value policy vs. an alternative market-based investment and how it would realistically performed in comparison to an actual cash value policy. Study the facts and get informed. Those who would have you believe that a cash value policy has no place in your life have ulterior motives. Don't just listen to Wall Street and wand what their advisors are advocating. Studying what they do is more revealing of the truth. Wall Street does NOT want informed people capable of critical thinking to make important financial decisions with regard to their savings. Don't just take our word for it, do your own research.
Listen in to find out why what you thought to be true about Life insurance is not true. It's not just about the death benefits. When you work with someone who understands how to properly structure an over-funded cash value policy, you will come to realize like the banks have that this is one of the most powerful asset classes that can help you weather the upcoming financial storms.
Till Next week, you can go to: 10MinuteLessonOnLifeInsurance.com
Also See: An Economic WorkHorse
Who won the game of tic tac toe the first time you played? You and I regularly lost this game as children until we understood the rules and strategy of the game. Do the financial institutions teach you the rules? NO! They aren’t about to tell you how to play the game. When you learn the rules and strategies of winning the game, only then will you turn the banking equation in your favor. Who controls the banking equation in your life? If you don’t control the banking equation, by default, the banks will happily fill this roll.
The average American pays 34.5% of their income to someone else’s bank. Seemingly the solution to this problem is to pay cash for everything. This common mind set seriously hinders people’s ability to accumulate substantial long term savings. They’ve unknowingly failed to maximize what Albert Einstein said was the eighth wonder of the world: Compounding Interest. SEE: Why Compounding Interest Doesn’t Work. at the following link: https://dlshowonline.com/why-compound-interest-doesnt-work/ or Access this show by clicking on "Extras" from within this app. Paying cash for life’s major purchases seemingly is a wise financial choice. However, this notion overlooks the fact that We Finance EVERYTHING We buy. We either pay interest, or We give up the ability to earn interest. Banking is one of the most profitable businesses in the world. (See recent broadcast: How Banks Make Money here: https://dlshowonline.com/how-banks-make-money/ Be sure to watch the video, Access this show by clicking on "Extras" from within this app. It’s time you begin to think and operate like a bank, or you will be perpetually enslaved to a system built to keep you coming back for more.
Watch the video below to understand various banking strategies. What is the most efficient way to go about making life’s major purchases such as automobiles? David, breaks down the math and analyzes multiple borrowing strategies. Always remember:
The way you spend your money is equally important as the act of actually saving your money.
There are two links in the video that you should be able to click on from within the video. Our apologies, there’s a technical glitch and that’s being worked on.
This week David talks about the importance of understanding why much of the prevalent mindset of achieving retirements savings objectives is often synonymous with taking on more risk.
Risk can be defined as exposure to loss. Synonyms for risk in include: To Endanger, Jeopardize, to gamble with, to take chances, to put on the line, to put in jeopardy.
The greatest definition of Risk is the likelihood of loss. Most people mistakenly associate risk (related to their retirement savings) with the probability that they will "hit it out of the park" or "win big" by experiencing higher rates of return. The true definition of risk is the likelihood of loss. Let's think through this logic for a moment.... You have to take on more chance of losing everything, so you can get more money and get ahead? Logically does this make sense? Yet, this is sold to the American public by way most "Financial Advisers" promoting common strategies propagated by Wall Street.
Listen to David explain the real problem behind why many individuals fails to meet their long-term financial objectives. The answer is not found in chasing higher rates of return and subsequently taking on more risk of loss. The answer, is more simple than you think.
Be sure and watch the accompanying video as David validates these ideas with math. You can watch this video from your Official David Lukas Show Smart Phone app by going to "Extras" and clicking on "Play Bonus Content"
We've all heard the saying " If something seems to good to be true, it probably is". However, we should always research something before discounting it as not legitimate. No doubt, many people believed that Edison was crazy in his relentless pursuit of his inventions. His critics most certainly thought his ideas were "Too good to be true", they simply weren't possible. What about radio? How could people's voices magically fly through the atmosphere? I'm quite sure many people thought these things were too good to be true. The point is, we should always investigate the facts for ourselves before resolving that something is too good to be true.
When it comes to many topics, we often only hear half-truths. The world of finance is no exception. One such topic that deserves investigation is that of the infamous 0% financing that many of the car manufacturing finance companies offer. Most all auto manufactures have a finance division. It's a fact that many of the financing companies owned by the car manufactures are more profitable than the car manufacturer themselves. One such company is General Motors. For years their finance division was immensely profitable in comparison to General Motors. GM was famous for offering their 0% financing offers on their new cars. This begs the question, how could a auto finance company offering zero percent loans still make a sizable profit?
Listen David break down the math behind the "Zero Percent" loans. Too good to be true? Or great deal?
Our apologies, David was feeling a little too sick to do the video he mentioned on air. Check back early next week and it will be posted here! In the mean time, listen to the broadcast. Thanks for your patience!
Please remember to click on "Extras" from your David Lukas Show Smart Phone App to access the video covering how banks make money. Listen to this broadcast and then watch the video.
This week David dives into the topic of how banks make money. Few people understand this topic, yet almost everyone has a bank account. They use their debit card, they make deposits and they apply for loans for major purchases. Listen to this week's broadcast and watch the video below to understand the power financial leverage. You will never look at banking the same way again. Who controls the banking equation in your life?
Where to begin? Watch this video and listen to this week's broadcast. Lastly, pick up a copy of David's new book: Whose Future Are You Financing? Learn how to turn the banking equation in your favor and apply these powerful banking principals in your life.
How Banks Make Money
This week David talks about why The Federal Reserve Can't stop printing Money (Currency).
The real question should be, When will they increase their printing? The fact is, The Federal Reserve Can NOT stop printing. Tune in to learn why.
Now more than ever, following the common advice propagated by those whom represent Wall Street, The Big Banks and The Federal Reserve will separate millions of Americans from their hard earned money. It's absolutely critical to not follow the herd in these less than certain economic times. Doing so could be at your own peril.
Do you own research, seek the truth, don't take our word for it. The events that will take place in the coming years will devastate many retirement savings plans and place millions of savers at the mercy of those who control much of the retirement planning industry and the money supply. Banking is misunderstood by almost everyone, yet it has a significant impact on our lives. Who controls the Banking function in your life? You should be in two professions throughout your lifetime. 1. Your Day Job 2. You must understand and control the banking equation in your life. If you don't, by default the financial institutions will.
Learn The Truth, Study the Facts, and Get Educated.
Where to begin? Be sure to check out David's Recommended Reading List HERE. If you don't own David's new book, Whose Future Are You Financing?, we recommend you start by reading his book first.
If you would like to learn how to apply sound banking principals in your financial life, contact David's firm, Infinite Financial Services . David can be reached by calling: 800-559-0933
This Week's Show Prep
CNBC: Did the Fed Just Pop The Stock Market Bubble?
Forbes: Bernanke Admits To Congress: We Are Printing Money, Just "Not Literally"
Money News: Easy Money Is A Narcotic
CNBC: The Fed's Hidden agenda behind money-printi
Please NOTE Go to "Extras" from your David Lukas Show App and click on "VIEW PDF" to view the PDF file for this episode. If you want to truely unerstand all that David discussed in this episode, this is a must. (The images referenced below are viewable on the PDF file) Any outside links referenced during this broadcast can be accessed by going to "Extras" and clicking on "Episode Links".
This week, David discusses the history of The three market periods. David discuses the importance of understanding the difference between average rates of return and actual rates of return. In the financial word this is known as Compound Annual Growth Rate (CAGR) or Real Rate of return. Understanding the difference between these two will help you understand why so many people do not realize the returns or the gains that they expected in terms of the real dollars that they accumulate. Much of the financial world speaks in terms of average rates of return. The problem is, that average returns do not determine how much of your money you get to keep at the end of the journey. In the real wold, it is the actual rate of return(CAGR) that determines what you end up with. When you participate in all of the losses in the down years, it has an enormous affect on the actual dollars you will save.
Note, all of the returns below are BEFORE the eroding effects of taxation or management fees. This substantially reduces the actual or REAL rate of return that one receives on their savings.
During the first market period the actual rate of return on an initial lump sum investment from 1901-1979 would have given you an actual rate of return of 3.57% (Down Jones)
The second market period was the longest running bull market in the history of the markets. There were two key events that caused such growth. The primary reason was the introduction of the qualified plan (401k). For the first time in history millions of Americans were dumping there money in the stock market via payroll deductions and yet were provided NO guarantees. This meant that for the first time hundreds of millions of dollars were flooding the market for the first time in history. There is a direct correlation between the introduction of the 401k and the sharp increase in market growth during this market period. Prior to this point, the majority of Americans were not speculating on Wall Street. In fact, in the 1950's the average American had less than 3% of the savings financial vehicles that offered no safety of their principal or guarantees. Tune in to hear David talk about the 2nd event in history that contributed heavily to the growth during this time period.
The third market period is very telling. Many people have already forgotten 2008. Participating in market losses has an enormous negative impact on your savings. If one had all of the life savings in the sock market let's hope they weren't planning on retiring in 2008!
Below is the S & P 500 (with Dividends) for the last 50 years (1962-2012) At first glance you might think that the there's no big difference between the Average and ACTUAL rate of return. Let's assume that a $10,000 lump sum was invested in 1962-2012 which results in an average rate of return of 10.6% and an ACTUAL ROR of 9.19% during this 50-year period. This would mean you end up with $811,229 (before fees and taxation). If you received an REAL rate of return of 10.6% (vs. Actual 9.19%) during this time period, you would end up with: $1,540,836!! That's a difference of: $729,607!! This is validated with a simple future Value financial calculator (see below)
Lastly, if this same $10,000 lump sum was invested in 1962-2012 one was in the 33% tax marginal tax bracket during this period, it would reduce their ACTUAL rate of return to: %6.47 which would mean you would end up with just: $230,035!! This is a far cry from the $1.5 million that the 10.6% that so many confuse with Real returns. Therefore the 10.6% average rate of return after taxation resulted in $230,035 real dollars that you could spend, NOT $1.5 million. What if this account were subject to management and market based fees? If we assume a this is just 1.5% (see The Hidden Cost of Doing Business, and The Hidden Cost of Mutual Funds) then the REAL rate of return falls to: 5.37% in which case the 10.6% average rate of return would provide you just $136,929. If you received an REAL rate of return of 10.6% vs. Actual 5.37% (based on assumption above) during this time period, you would end up with: $1,540,836!! NOT the $136,929 (Actual Rate of Return). The reasons above are why so many Americans gambling their entire life's savings in the market never realize the substantial savings they had hoped and prayed for.
David can be reached at: (800) 559-0933 or David@DLShowOnline.com or visit: InfiniteFinancialServices.com
This week, David is joined by Steve Dejon.
Steve is a noted speaker, mentor, and authority within the annuity marketplace, and was featured on the cover of Senior Market Advisor magazine, June 2006 issue, “Selling $15 million per year of annuities.” Steve is the creator of the Retain Your Gains and Paycheck For Life videos, which educate the retirement-minded on how to protect their assets as they approach retirement and how indexed annuities work to safeguard their money. Steve also teaches consumers on the difference between risky and safe investments based on determining the appropriate diversified combination for their particular circumstances.
Tune in to listen to David and Steve discuss Fixed Indexed Annuities and how they can help you "Retain Your Gains" and provide you a guaranteed "Paycheck For Life".
Learn how to create an income stream that you can never outlive. Even if your account goes to Zero.
Tune in to hear how to lock in your gains without any risk or loss of your money when the stock market goes down.
If you have a 401K, 403B, IRA, CD or any other retirement account, this highly specalized annuity contract very well could be what you have been looking to give you guranteed growth and guranteed income for life.
Learn how to put to use an asset that has been around for over 2,000 years and has successfully been utilized by millions of people throughout history to provide them what we all long for: guaranteed income for life. Call 866-515-6669 to get a a FREE copy of the Retain Your Gains and Paycheck For Life DVD. Your DVD will be mailed to you immediately. You can also go to: YourRetirementCheck.com to request a Free copy of the Educational Videos Steve has put together and has agreed to offer to listeners of of The David Lukas Show. In addition, you will be emailed your personal Paycheck for Life Quote. David can be reached at: (800) 559-093.
Further Research:
Read the published report by the Wharton School of Business regarding Fixed Indexed Annuities
This week, David is joined by JJ Childers.
JJ Childers is an Attorney, Author, Speaker, and Mentor. For the past two decades, he has devoted his professional life to helping clients and students learn and employ the strategies necessary to build a life of real wealth. He does this through his “3G Approach” in which he provides people with the information and knowledge to “Get it, Grow it, and Guard it.”
He is a dynamic speaker and has appeared on stages throughout the United States and Canada with such notable figures as Armand Morin, Stephen Pierce, Robert Allen, Mark Victor Hansen, Les Brown, Jay Conrad Levinson, Marshall Sylver, Harv Eker, and many others.tegies necessary to build a life of real wealth. He does this through his “3G Approach” in which he provides people with the information and knowledge to “Get it, Grow it, and Guard it.”
Perhaps his most widely acknowledged claim to fame is as the author of multiple educational programs and books, including the best-seller “Asset Protection 101″ in conjunction with Donald Trump.
JJ is speaking at the upcoming 2013 Economic Freedom Summit. JJ Will be talking about identifying threats to wealth and how to implement legal, time tested proven methods to safe guard your assets. Attend the upcoming Economic Freedom Summit to hear JJ talk about strategies the wealthy use to safe guard their assets. Come learn the tax and legal strategies of the rich at The 2013 Economic Freedom Summit. Visit: EconomicFreedomSummit.com
Tune in to hear David and JJ discuss important topics related to growing your business, protecting your assets and much more.
Now more than ever, it's critical to be committed to self-education. Tune in, Listen and Learn.
JJ can be reached online at: JJChilders.com or by email: JJ@JJChilders.com
During this week's show David is joined by Chase Chandler, author of The Wealthy Physician and the Upcoming Book: the Wealthy Family. In addition, Chase is part of the Wealth Freedom Fellowship, and is a featured speaker at this year's 2013 Economic Freedom Summit
Chase and David discuss traditional financial planning and why many of the common strategies propagated by the majority of "financial planners" tragically are not even understood by those that advocate many of the Wall Street based plans that are so prevalent within retirement planning circles.
David talks with Chase about what he will be talking about during the Economic Freedom Summit. Visit: EconomicFreedomSummit.com to learn more about Chase and what he will be covering during this must attend event.
David wraps the show up talking about The Fed's decision not to taper (AKA: Cut back on printing money)
Tune In, Listen and learn.....
David Can be Reached at: (800) 559-0933
This week David shifts gears to talk about his experience over the last week. David talked about the new addition to his family, Zachary Levi Lukas. Zach was born on 09/19/2013 at 10:10 am. Listen in as David tells his story of the stress and Joy that he experienced while in the hospital over the last week. David's better Half (Leah Lukas) experienced multiple complications including congestive heart failure. David would like to especially thank the skill and care of Dr. Marks (at Baptist Health in NLR) during an undoubtedly critical situation. Thank You!!
This week, David is joined in the studio with Dr. Regan Baber.
Dr. Baber will be one of the speakers at the upcoming 2013 Economic Freedom Summit.
Dr. Baber’s Session description at The 2013 Economic Freedom Summit:
It is hard for most people to believe that the all-mighty dollar could fail. But, it is an all too real possibility. This session will show you that it is not only possible, but likely to happen. However, you will also learn how to prepare and prosper from this event.
About Dr. Baber:
Dr. Reagan Baber studied medicine and completed his residency in anesthesiology at the University of Arkansas. Dr. Baber is now board certified by the American Board of Anesthesia. He is currently a senior partner of anesthesia at NEA Baptist Hospital in Jonesboro Arkansas.
In addition to being a successful physician he is also passionate about helping clients implement truly successful wealth creation and management strategies. Dr. Baber is an authorized practitioner through the Infinite Banking Institute, Director of Economics with Chandler Advisors, LLC, and a managing partner of Rahling Capital.
Dr. Baber has become passionate about Austrian economics and how it applies to our economy and how it can be applied to a family’s financial plan. He uses his role with Chandler Advisors to help educate clients about these important topics.
Learn more about The 2013 Economic Freedom Summit at: EconomicFreedomSummit.com Register before October the 2nd and save $100!
This week, David talks about the 2013 Economic Freedom Summit. David is part of the "Wealth Freedom Fellowship". Visit: EconomicFreedomSummit.com now to view a list of the speakers (including David), see the agenda and register online. Register before October the 2nd to get $100 off. $299 gets you one nights stay at a 5-star Branson Resort, Dinner is provided on Friday Night, Breakfast and Lunch is included on Saturday.
Tune in to hear David cover all of the details on the very first 2013 Economic Freedom Summit. You will not want to miss this event. It is unlike any other.
For a limited time you can still get David's new book "Whose Future Are You Financing" for just $10 when you use the coupon code: DLShow10. Go HERE to purchase for just $10 (shipping included) now.
Tune in, Listen and Learn.........
As always, you can access any links referenced in this show's transcript by clicking on "Extras" from your smart phone app.
In this show David talks about the continued talk about when The Federal Reserve will taper (cut back on money printing).
Hear David talk about The 2013 Economic Freedom Summit that is being held this October the 25th and 26th. The event will be at the Chateau On The Lake, (Visit their website HERE) Come join David and hear him speak at the 2013 Economic Freedom Summit. To learn more and register online, please visit: EconomicFreedomSummit.com Register before October the 2nd and get $100 off.
This week David talks about The Federal Reserve in relation to the continued speculation when The Federal Reserve will "taper".
Check out the articles David referenced during this broadcast:
Bloomberg: FOMC Minutes Show Broad Support for Tapering Timeline
Fox Business: U.S. Fed meeting minutes offer few clues on QE3
The harsh reality is that Ben Bernake can't taper. Ben Berkake has no idea how to land this QE plane.
Much of what we see from the supposed "recovery" is an illusion. The printing of all this money is merely delaying the inevitable and has NOT gotten to the root cause the problem. The day of reckoning will come and those not prepared will suffer financially.
As a reminder, for a limited time you can pick up David's new book "Whose Future Are You Financing, What The Government and Wall Street Don't Want You To Know" for only $10 (shipping included). Use the coupon code: dlshow and click HERE to purchase now.
For a limited time, you can purchase David's new book HERE and put in coupon code DLShow10 to get your copy of David's new book for just $10 (shipping included)
David talks about how many people go to school to get a "good job" but very few take the time to educate themselves on what is really going on in our economy. The long-term financial situation for the majority of Americans is dire. In this day and age, the consequences for not being committed to self-education will lead to a very unfortunate financial future for many people. I am confident you are NOT one of those people.
The opportunities abound, but regrettably, the vast majority of Americans today are blindly following common strategies advocated by our Government, Banks and Wall Street. Sadly, this course of events has and will separate millions of Americans form their hard earned money.
Question: Is the United States in Danger of loosing it's Word Reserve Currency Status?
Answer: Yes, and;
the process is unfolding before us at a very fast pace.
Questions to ponder:
What would this spell for the average American?
How serious will it be for the average American when the United States looses this privileged status?
What will be the consequences?
For a country with a budget deficit in excess of $1 trillion a year, the consequences of losing standing as the world's reserve currency would be dire.
Here is a quote from Michael Pento, president of Pento Portfolio Strategies: "It's a thousand times more important than a nuclear bomb being tested by North Korea. It's a thousand times more important that we keep the dollar as the world's reserve currency, and yet we are doing everything to abuse that status." -
David's Show Prep Stack:
CNBC: Is The Dollar Dying? Why US Currency Is In Danger.
Article: A major Update to the "End of America"
Shift From U.S. Dollar As World Reserve Currency Underway – What Will This Mean for America?
The demise of the dollar would bring radical changes to the American lifestyle. When this economic tsunami hits America, it will make the 2008 recession and its aftermath look like no more than a slight bump in the road. For those unprepared, it will be a very undesirable change.
What do you think? Will the United States loose the coveted status at the premier Reserve Currency of the world?
You can reach David at his office by calling: 501-218-8880 or by email: David@InfiniteFinancialServices.com
*Please remember that you can access all of the links refereinced in this broadcast from your David Lukas Show App by going to "extras"*
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” ~Henry Ford,
If you remember take just one thing away from this broadcast, please remember this: The Federal Reserve is at the root cause of our Federal Government's spending addiction. The Federal Reserve is at the root cause of the out of control, reckless, irresponsible, foolish spending spree that our federal government is engaging in.
In this broadcast David interviews Dr. Bob Murphy.
Robert Murphy is an adjunct scholar of the Mises Institute, where he teaches at the Mises Academy.He runs the blog Free Advice and is the author of The Politically Incorrect Guide to Capitalism, How Privatized Banking Really Works, theStudy Guide to "Man, Economy, and State with Power and Market," the "Human Action" Study Guide,The Politically Incorrect Guide to the Great Depression and the New Deal, and his newest book,Lessons for the Young Economist.
David and Dr. Murphey discuss the difference between Keynesian Economics Vs. The Austrian School of Economics and other topics of interest.
You can learn more about Dr. Bob Murphy by visiting the following links:
ConsultingByRPM.com
wiki.mises.org/wiki/Robert_P._Murphy
Mises.org/Daily/Author/380
David talks about upcoming events that he will be attending. David hopes to see you at an event near you!
Fill out my online form.
Stay tuned for all of the details for the upcoming Economic Freedom Summit that will be held on October the 25th and 26th at The Chateau on The Lake in Branson, MO. You will be able get all of the details within two weeks at: EconomicFreedomSummit.com
David talks about The documentary: End Of The Road. You can watch the trailer below. If you have an interest in getting your hands on this documentary, you can request it for a steep discount by emailing David at David@DLShowOnline.com Also note, if you have NexFlix, you can watch it as well.
Below is the article David’s talked about on this week’s broadcast.
How The Federal Reserve Became History’s Biggest Bad Bank
Get David’s new book: Whose Future Are You Financing? What The Government and Wall Street Don’t Want You To Know. For a limited time, you can get the book for just
$6.95 (shipping included). Be sure to enter in the coupon code “SaveMeTen” at checkout.
If what you thought to be true about your money turned out not to be, when would you want to know?
This week David talks about several upcoming events that he will be attending or speaking at. They are as follows:
Night Of Clarity Come hear some of the nation’s foremost authorities diagnose the nation’s economic crisis, from the perspective of “Austrian economics.” The all-star lineup features Nashville businessman and financial author L. Carlos Lara; the president of the Foundation for Economic Education, Larry Reed; economist Robert P. Murphy; founder of the Infinite Banking Concept, R. Nelson Nash; historian and NYT bestselling author, Thomas Woods; and headlined by former Congressman Dr. Ron Paul. To Learn more go HERE. The Event takes pace in Nashville, TN.
Economic Freedom Summit
David will speaking at the upcoming Economic Freedom Summit which will be this October 25th and 26th. The event will be at the Chateau On The Lake, (Visit their website HERE)
You will want to check back soon as we will have all of the details posted here or soon to be online at: www.EconomicFreedomSummit.com
If you would like to put your name on the list to learn more and be notified when the website is up, you can email:Info@EconomicFreedomSummit.com
To get the full list of upcoming events David will be attending and or speaking at, go to to Upcoming Events on this website.
David talks about the upcoming debt ceiling debate and it's relation to taxes and your 401k plan.
Articles David referenced during this broadcast:
US Blows out $16.7 Trillion Debt Limit
David reads an except out of his book Whose Future Are You Financing? What The Government And Wall Street Don't Want You To Know. Specifically David reads from the chapter titled "I'm From The Government And I'm Here To Help". To get your hands on David's new book, click on the banner to the right of this text.
You can access any links referenced in this episode by going to "Extras" From your Iphone, Android or Windows 8 App.
David talks about the limited time offer to get a copy of his book for FREE. On 07/20/2013 the book will be made available for no cost as in FREE. Anyone who takes advantage of this offer will will receive a free copy when the book hits the street. Not only is the book free on 07/20/2013 but, so is the shipping!
In addition, David talks about the powerful new documentary called “Banking With Life”. You can also get your hands on this by going here: Get The DVD
David spends much of the show talking about the “Banking Equation”. Listen in to hear David read excerpts from his upcoming book to be resealed in the next few weeks.
Access the two articles David referenced and talked about on this show
LA Times: Bernake Says Federal Reserve is “focused on Main Street”.
UPI.com: Easy Money, the opiate of the U.S. economy
Do you have a question for David? Fill out the short form below and David will answer your question.
Happy Birthday America! David broadcast just a few days after July the 4th. America this last July the 4th of 2013 turned 236 years old.
Tune into hear David talk about the Banking equation. It's imperative to understand what they don't want you to know.
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
~Henry Ford
David plays a few excerpts from the phenomenal new documentary titled: Banking With Life. Watch the three videos below to get a sneak peak. For a limited time, David is willing to get one of these in your hands at his cost. All you have to do is request one by going emaling GetTheDVD@DLShowOnline.com
To view a short trailer of The Banking With Life Documentary, click on "Extras" from within your David Lukas Show App. From there click on "Play Bonus Content". This will allow you to play the short preview of the documentary from your smartphone.
Until you understand the Banking equation, you will be enslaved by the system. When you turn the banking equation in your favor, it will change everything. David can be reached at: David@DLShowOnline.com Tune in, listen and learn. Until next week....
This week, David is joined in the Studio by Deron Hamilton who's a partner with Denman, Hamilton, & Associates CPA, PLLC. Deron and David discuss the name change of the firm and what
this means for their clients.
Some of the other topics David and Deron discuss include:
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Being proactive when it comes to the topic of payroll in your small business.
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Making sure you aren't paying a dollar more in taxes than you have to. (It is estimated that a third of people (and businesses) pay taxes unnecessarily.
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The importance of Tax planning .
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What to do if you are behind on paying your taxes.
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Two important dates: Sept. 16th and October 15th
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Penalties for not paying your taxes and what to do when you find yourself in this situation.
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Non-Profits and the importance of maintaining good financials (and the repercussions for not doing so)
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Working with a CPA firm that understands The Affordable Care Act (Obamacare)
David and Deron discuss his upcoming book. A few topics that will be included in Deron's upcoming book include:
- Maximizing cash flow and profitability within your business.
- Internal controls
and more......
Tune in, Listen and Learn!
Deron can be reached by calling: 501-312-9491
310 Natural Resources Drive
Little Rock, AR 72205
Facebook.com/denmanhamiltoncpa
This week, David continues reading excerpts from his soon to be released book. Whose Future Are You Financing? What The Government And Wall Street Don’t Want You To Know. To download the first few chapters of the book, go to Extras from your David Lukas Show App.
David will be hosting The Dave Elswick show on Thursday the 27th from 2-6pm on KARN 102.9FM (Central AR) or live online at: IheartRadio.com and search for KARN.
David talks about his upcoming show that will air on 07/13/2013 from 1pm till 3pm. David will team up with Steven Blackwood on his "Beyond The Box" radio show which airs at 1pm. Then, Steven will hang around and be on David's show. Stay tuned for more details...
If you want to listen to the show David did on The book, Feel The Fear and Do It Anyway! You can listen to that by looking for the archived show titled "Feel The Fear and Do It Anyway!" from your David Lukas Show App.
David talks about mortgage planning and the unveiling of his new proprietary software that simply did not exist before now in the financial industry. The software will show you how to pay off your mortgage in half the time or less and at the same time recapture the entire cost of the home.
How much thought do you give to managing your mortgage? It is very important that you separate your HOUSE from your HOME. (See chart to the right) Items related to your HOME should NEVER be factored in how you decide to manage your home equity. Very few people understand how to prudently manage their home equity. Many people think that paying extra principal payments directly towards their mortgage balance is a wise financial choice. This mistake can cost you hundreds of thousands of dollars. You can be mortgage free early and at the exact same time have accumulated a substantial amount of tax-free savings.
If you pay extra principal payments directly towards your mortgage balance after you pay it off, all you are left with his a mortgage free house. What if you could pay off your mortgage early, and at the exact same time, have a substantial tax-free savings? You can! There is a better way.
If you would like to learn more about these advanced mortgage planning strategies, David can be reached at 501-218-8880 or David@DavidLukasFinancial.com
This week, David continues reading excerpts from his soon to be released book. Whose Future Are You Financing? What The Government And Wall Street Don’t Want You To Know. To download the first few chapters of the book, go HERE.
David talks about the recent Articles titled . The title of this episode is titled “The Gap” in reference to the disparity between returns in Mutual funds and what the actual return a mutual fund investor realizes. Note: There is a big difference between average rates of return and REAL rates of return. See: The Number Twelve
“PIMCO’s Gross Warns: Get Out of Market, Fed’s QE Chemo Treatment Failing”
Bogle Unsparing in Criticism of Financial Industry
Call David anytime at 501-218-8880 or email him at: David@DLShowOnline.com
This week, David reads an excerpt from his upcoming Book, "Whose Future Are You Financing? What the Government and Wall Street Don't want you to know." The excepts relate to the "Mega Banks". Those that are too big to fail. Just 12 banks Control 70% of all banking assets. These are the same banks that continue to receive tax-payer subsidies.
David talks about Mutually Held Dividend Paying Life Insurance companies. The year that ten thousand banks failed it was found that 99.9% of funds deposited with life-insurance companies were found to be safe. In fact, it was the insurance companies, NOT The government, who helped the banks stabilize at that time.
David talks about an asset class that has been in existence for well over 150 years. Wall Street and the media have convinced millions of people that you would be a fool to send a dollar to a life insurance company to allow them to invest it for you. Yet the facts reveal the truth is something all together very different.
Many people do not know that banks own billions of dollars of cash value life insurance. In fact, up to 25% of tier-one capital assets (A banks safest investment)
reside in BOLI's (Bank Owned Life Insurance). At the turn of the century, approximately 50% of American's discretionary savings were held with life insurance companies.
Tune in to find out what is a non-direct recognition company VS. a direct-recognition life insurance company?
There are two primary reasons why so many Americans are not aware of the immense living benefits that a cash value policy can provide you.
1. Commissions. A properly structured cash value life insurance policy that emphasizes cash accumulation
and living benefits directly reduces commissions paid to a life insurance agent by 60% or more. It’s a sad, but
true, reality. In the sales world, incentive drives behavior. This is one reason many consumers are not
aware such a powerful financial tool exists.
2. Wall Street, and the major financiers of the financial media want you to be convinced that you would be a fool if you ever send a dollar to a life insurance company to allow them to invest it for you. (Every dollar that goes to an insurance company does not go to Wall Street). Unfortunately many advisers have been conditioned to tell you to “buy term and invest the rest.” It also may very well be that they simply do not understand how to properly structure a high cash value policy to help you maximize the living benefits while retaining the death benefit. There is a behind-the-scenes battle that has been taking place for some time.
Tune into to hear David talk about this little understood asset class.
You can reach David anytime by calling 501-218-8880 or email: David@DLShowOnline.com
***Please note to access all of the referenced links in this broadcast from your iphone or android phone, simply click on "extas".
The FDIC (Federal Deposit Insurance Corporation) currently insures deposits up to $250,000 per account. You can’t miss the FDIC sign when you are making your deposit at the bank. However, most people do not know that the FDIC currently has only 0.45 percent in their deposit insurance fund. (as of December 31 , 2012).
What does this mean to you? For every dollar that you deposit into an FDIC insured account, less than one penny is held in the FDIC's Deposit Insurance Fund (DIF)! For every $100 you deposit there they have just forty-five cents is in the insurance fund. The FDIC's goal (as mandated by Dodd-Frank Act) is to reach 1.35% reserve ratios by September 30, 2020. This would mean that they have $1.35 for every $100 you have on deposit. See the recently published memorandum by the FDIC.
Banks only have to hold a fraction of their depositor's money. What does this mean? If you deposit $1,000 into your bank account, the bank now has the legal ability to loan out 90% of this money to someone else. We know that there is approximately just 5% of American dollars circulating as actual currency.
In banking, they are only required to hold $1 in reserve for every $10 that they lend out. So if they take in $10, they can legally loan out $90. Banks are inherently unstable as evidenced by the fact that between the years of 1981 to 1996 approximately 2,900 banks failed in the U.S. More recently, hundreds of banks have failed since January of 2008. Click on the following Link http://graphicsweb.wsj.com/documents/Failed-US-Banks.html to visually track bank failures over the last few years. Since 2008 there have been over 386 bank failures. There were ten bank failures in the last two months. See the FDIC's official bank failure list: http://www.fdic.gov/bank/individual/failed/banklist.html
Many people are unaware that if just a small percentage of their bank’s clientele demanded to withdraw cash from their bank all at the same time, the money isn't there. So if everybody did a run on the bank, the money’s not there. Remember what happened to George Bailey in “It’s a Wonderful Life”? That’s a very real scenario that could happen again if we hit major economic turbulence.
IF there is any major shake in economic confidence in any way, there is a very small portion of that money that is actually paper, Federal Reserve notes. The rest is digital money that exists only in electronic form. It’s nothing more than a number.
On the FDIC's own website, they list out financial vehicles that are insured by the FDIC and financial products that are not. One such institution they list as not FDIC insured are insurance products.
David's talks about the history of the Insurance Industry and why insurance companies are inherently more stable. One example is that Insurance companies hold a dollar-for-dollar reserve on any deposits from their policy holders.
In the early 1900's, 50% of American's discretionary savings were held with life insurance companies. In fact, the year that ten-thousand banks failed, it was the insurance industry that provided the cash to the banks to help them get back on their feet, not the federal government.
Listen in as David talks about the FDIC in much more detail.
You can download a sample copy of David's upcoming book titled "Whose Future Are You Financing? What The Government and Wall Street don't want you to know. To read the first 16 pages go here: http://dlshowonline.com/download-sneak-peak/
David can be reached at 501-218-8880 or by email: David@DLShowOnline.com
This week David talks about a very important subject. Washington’s lust for Americans’ retirement savings.
The recent Cyprus bank crisis has made everyone (or at least those who have saved their money) keenly aware that something like this could happen to them. Tune in to hear David talk about recent events.
Also to tune in to hear David read an excerpt from his upcoming new book titled: Whose Future Are You Financing? What The Government and Wall Street Don't Want You to Know.
David's Show Prep: (To access these articles and links, from your David Lukas Show Iphone or Android app, simply go to "Extras" )
Forbes.com: How Washington Plans To Steal Your Savings
Forbes.com Why A Cyprus-Like Seizure Of Your Money Could Happen Here
Townhall.com: Obama's Budget Targets IRA Savings
American Thinker: The Feds Want Your Retirement Accounts
Call David today at 501-218-8880 or visit: InfiniteFinancialServices.com
This week, David invited Brent Carpenter on the show to talk about what He is up to at to. Brent is the owner of Quality Air of Arkansas. Brent's company is a new supporter of TheDavid Lukas Show.
Brent and David talk about Entergy's Coolsaver program. The Coolsaver program allows you to receive a $249.00 service for just$74.00! This is because Entergy has agreed to pay $175.00 of your bill for you! That's right, if you are an Entergy customer, they have partnered with Quality Air of Arkansas to provide you this service for only $74.00. Entergy pays Quality Air of Arkansas the other $175!
Listen in, to learn all about this new little known program to Entergy Customers. To learn more visit http://www.QualityAirAr.com/CoolSaver or You can download more info below:
Call Brent today at: 501-425-8267 to have Entergy pay $175.00 of your bill!
*PLEASE NOTE** This show has bonus audio content. Please click on "Extras" from your David Lukas Show Smart Phone app to listen to the bonus content. (20+ extra minutes of audio that did not air on KARN 102.9FM)
"What is your rate?" If this is the first thing you ask when you talk to a loan officer when buying or refinancing, or the only thing you focus on, then it could cost you.
For most consumers, the most important part of finding the right mortgage is convincing themselves they have found the “lowest” interest rate. The fact is a great rate on the wrong mortgage strategy can cost you thousands of dollars over the life of the loan. Lowest rate, does NOT always save you the most money.
Managing your assets without managing you largest debt, is like heating and cooling your homes with the windows wide open!
Tune in to hear David talk about the importance of understanding how home equity works. Many people mistakenly assume that home equity is like cash in the bank.
Learn the history of mortgages and why so many people lost their homes during the great depression. The rules have changed significantly.The fact is, Americans devote the largest portion of their incomes to housing. Consequently, how you handle the financing of your home will have far-reaching implications on virtually every area of your financial life, including your ability to save, pay for college, and plan for your retirement.
Listen in as David challenges conventional wisdom when it comes to mortgage financing.
If what you thought to be true about your mortgage turned out not to be, when would you want to know?
Be sure to download the following
No matter who you decide to handle the financing of your home, you owe it to yourself to go through the mortgage planning process. You can reach David who is the only Certified Mortgage Planning Specialist in the state of Arkansas by calling 501-218-8880 or email David at: David@InfiniteFinancialServices.com
This week, David is joined by John Little to discuss an important topic. David and John talk about a recent published study titled "The 4 Percent Rule is Not Safe in a Low-Yield World." The study argues that advisers make a grave mistake in basing their clients retirement plans on historical returns that may be an anomaly.
Some highlights from the study:
Investment companies often include in their disclosures that "past returns do not guarantee future results" but to the study's co-author, Michael Finke, says that's not just rhetoric. "We're trying to acknowledge what present reality looks like and apply that reality to the retirement income plan", Finke says. There is no reason to believe that the market for assets in the 21st century is going to look like the market for assets in the 20th century.
"Most planners take some comfort in knowing that the 4% inflation-adjusted withdraw rate wouldn't cause a retiree to run out of money in a 30-year retirement. Previous studies that supported the 4% rate used historical yield data that don't look anything like what new retirees are facing today."
The study concludes that the probability of a retiree running out of money is very real and many financial planners are setting up their clients to run out of money.
Recomended Reading: (Access the articels below by going to "Extras" from your David Lukas Show Iphone or Android App.
Advisor One: 4% Reitrement Rule is Dead
Marketwatch: Stocks dead, bonds deader till 2022: Pimco
Chicago Tribune: Study Urges Caution With Retirement Funds
You can reach David and John at: 501-218-8880 or online at: InfiniteFinancialServices.com
David had some fun this week as well as David spent much of the show talking about a recent question by posted on his Facebook page posted by one of his listeners.
1913: The Federal Reserve is formed. The Federal Reserve is not American, not federal, has no reserves, and is not a bank. It is controlled by some of the richest and politically influential families in the world. It has the power to create money out of thin air. Institutions like The Federal Reserve have been staunchly opposed by designers of the Constitution, and by presidents such as George Washington and Thomas Jefferson ~Robert Kiyosaki; Rich Dad's Conspiracy of The Rich.
Every dollar that exist today, either in the form of currency, checkbook money, or even credit card money-in other words, our entire money supply exist only because it was borrowed by someone; perhaps not you, but someone. That means all the American dollars in the entire world are earning daily compounding interest for the banks which created them. ~G. Edward Griffin; The Creature From Jekyll Island
The question had to do with the recent news that The Federal Reserve leaked the minutes from the recent FOMC minutes to twelve banks a day early.
SEE CNBC article: These 12 Banks Got the Fed Minutes a Day Early (Iphone or Android users click on "Extras" to see article).
David talks about the questions that all Americans should demand that they know from The Federal Reserve.
David talks about Wall Street's love affair with The Federal Reserve's easy money policies.
Tune In Listen and Learn!
It's everyone's favorite time of year (not really). The tax deadline is upon us. The fact is that there are a large number of people who overpay their taxes simply because they aren't proactive. Part of being proactive is working with a qualified CPA.
David invited Deron Hamilton from MY CPA, LLC onto the show. Deron is a supporter of what we are doing here on The David Lukas Show.
Are you paying taxes unnecessarily? Are you working with a seasonal tax person or qualified CPA? There is a big difference between the two. Everyone is familiar with the tax companies that only prepare taxes seasonally. Just about everyone has seen "Lady Liberty" or "Uncle Sam" jumping up and down on the local street corner promoting quick tax preparations and refunds? They are everywhere during tax time. It's hard to miss them.
If you are entrusting your tax preparation to a seasonal company like this, you are more than likely missing out on legitimate tax deductions that are available to you.
Deron and David also discuss common tax-fraud tactics Including:
Claiming the American Opportunity Credit which allows people to receive a large tax credit for college expenses. Many people are claiming this credit even when they are not in school.
Deron and David talk about the earned income tax credit. (Or what David likes to call UN-Earned Tax Credit)
It's not just about taxes. A good CPA can assist you with:
Internal Controls
IRS-Audits
Audits from other state and federal agencies.
Filing Extensions
Advanced Tax Planning Strategies
Accounting. (Not just bookkeeping)
Financial Statement Analysis
Business Entity Planning
Assistance in helping a business owner compare it's profitability to other competitors in a local market.David and Deron cover allot of ground in this short broadcast. Tune In, Listen and Learn!
*Call Deron Hamilton at MY CPA, LLC to file your free extension or to take advantage of a free tax-planning analysis.*
*Deron can be reached at 501-661-1820***
*MY CPA, LLC is located at: 310 Natural Resources Drive *Little Rock, AR 72205****
To understand the core problem in America today, we have to look back to the very founding of our country.
The Founding Fathers fought for liberty and justice. But they also fought for a sound economy and freedom from the tyranny of big banks:
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”- John Adams
“I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs.”- Thomas Jefferson
“If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied”.
— Thomas Jefferson
“The Founding Fathers of this great land had no difficulty whatsoever understanding the agenda of bankers, and they frequently referred to them and their kind as, quote, ‘friends of paper money. They hated the Bank of England, in particular, and felt that even were we successful in winning our independence from England and King George, we could never truly be a nation of freemen, unless we had an honest money system. ”-Peter Kershaw, author of the 1994 booklet “Economic Solutions”
The above excepts are from the following blog post:http://www.washingtonsblog.com/2013/03/stunning-facts-about-how-the-banking-system-really-works-and-how-it-is-destroying-america.html
The average American pays over 30% of their income in interest to a bank. If you can solve the finance equation in your life, (create your own banking system) it will have tremendous impact on your financial future.
Please note that I (David) do not support the government having unrestrained control over the money supply. Even if there were no central bank in the U.S., it would not solve the problem unless we return to a sound monetary system and abandon the nation's love affair with Fiat Currency. Fiat currency is money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard (such as gold or silver). It is money without intrinsic value.
Neither Wall Street nor the Government wants an informed public, your best defense is an informed mind.
Tune in, Listen and Learn!
You can reach David anytime at: 501-218-8880
"Capitalism without failure is like religion without sin - it just doesn't work." Allan Maultzer, economist.
"The ultimate result of shielding men from the effects of folly is to fill the world with fools." Herbert Spencer, English philosopher.
So what if you found out that the largest U.S. banks aren't really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?
It's important to know that the big banks would not exist today if it weren't for tax-payer subsidies. These banks have been deemed "too big to fail". These same banks have an insatiable appetite for your money. The fact is that .03 cents of every dollar collected by our federal government goes to prop up these banks.
You can read the Bloomberg article for yourself. Click HERE to read. (click on "extras" from your smart phone app to view link)
Also See: ALL of Big Banks’ Profits Come from Taxpayer Bailouts & Subsidies (click on "extras" from your smart phone app to view link)
The average American forks over about thirty-five cents of every dollar in interest cost paid to some bank or finance company. Approximately 70% of the assets are held by the nation's largest banks.
Unfortunately, many Americans are too busy chasing higher rates of return all the while taking unnecessary risk ,when the real problem is the volume of interest that one is paying. Having a large pool of accessible capital under your control makes you financially stronger because you're not dependent on a third party. If you can solve the need for finance and create your own banking system, it will change everything for you. It will fundamentally transform the way you think about your money.
Remember, it’s not your rate of return or where you money is that matters, but rather, how your money works.
When you learn to maximize the efficiency of your money, you can begin to create your own personal monetary system and literally recapture all of the interest that you are currently paying to banking institutions. Call David to learn more about the Sound Money Solution.
If what you thought to be true about your money turned out not to be true, when would you want to know?
David can be reached at 501-218-8880
Tune in, Listen and Learn!
Many in Washington see our investment accounts not as the expressions of well-planned, disciplined decisions but as untapped reservoirs of wealth they can drain to fix the problems that they caused.
Is the same federal government that has Social Security headed for bankruptcy looking to mess with your 401(k) or IRA? YES
The new Consumer Financial Protection Bureau (CFPB), is eyeing your qualified plan.
Do you remember Ronald Reagan’s famous quote about the nine most terrifying words? “I’m from the government and i’m here to help.” You can bet anytime something is advocated by politicians or bureaucrats under the auspices of protecting you, that most likely, you will be harmed and not helped.
This show, David dives into the topic of Washington’s lust for Americans’ retirement investments.
Below are links to articles on this subject. Read and decide for yourself. (From your Iphone or Android, click on "Extras" to access links)
Bloomberg: Retirement Savings Accounts Draw U.S. Consumer Bureau Attention
Bloomberg: Capping Top Earners’ 401(k) Seen as Cost Cutter
FoxNews: Is your retirement account safe from our government?
Investors Business Daily: Does Government Want To Drain Americans’ 401(k) Plan?
Wall Street has been successful in convincing the public the only way to save is by speculating in the market. (Listen to: The Great Wall Street Retirement Scam) Many people are not aware that there are options available that allows them to accumulate their savings tax-free as well as spend their savings tax-free. A dollar in taxes paid unnecessarily not only cost you what you lost, but also what what that dollar could have earned had you not gave it away.
Have a question for David or would like to meet with David to discuss your specific situation? He can be reached at: 501-218-8880 or via email: David@DLShowOnline.com
David wraps up this week’s show talking about one of his favorite musicians Josh Garrels. David plays the song Beyond The Blue. Right now for the next two weeks you can down load all five of his albums for FREE! To download go here: http://noisetrade.com/joshgarrels
Be thankful for another day here on planet earth and live in today! ~DL
How familiar are you with Bitcoins? There is an alternative decentralized currency that is gaining popularity among those who despise our current monetary system. Unlike modern currency, which can be brought into existence at the whim of politicians or a central bank, leading to each note being devalued, the number of Bitcoins is governed by predictable mathematical algorithms. That's made Bitcoin popular among libertarians and other activists skeptical of the Federal Reserve
Recent articles on Bitcons: (To access these articles on your Smartphone click on "Extras")
CNET Article
CNN Money Article
BusinessInsider.com Article
The second half of the show David Talks about his recent blog post he wrote titled: You Finance Everything You Buy. Read the post for yourself. The common advice on how one handles major capital purchases is to pay cash. ostensibly this is the wise choice. Even those touting to be financial experts such as Dave Ramsey claim that you should always pay cash for everything. This thought process totally overlooks fundamental truths such as the time value of money and lost opportunity cost.
The way you spend your money is as equally important as the act of actually saving your money.
If what you thought to be true about your money turned out not to be, when would you want to know about it?
Tune In, Listen and Learn......
You can reach David at: 501-952-3090 or interact with him on Facebook.com/DLShow
David spends some time talking about the need to understand economics and banking.
"Where did the money come from? It came, and this is the most important single thing to know about modern banking-it came out of thin air. Commercial banks that is, fractional reserve banks-create money out of thin air". ~Murray N. Rothbard
Tune in to hear David talk about this history our money and our monetary system.
The word "Inflation" originally applied solely to the quantity of money. It meant that the volume of money was inflated, blown up, overextended. It is not mere pedantry to insist that the word should be used only in its original meaning. To use it to mean "a rise in prices" is to deflect attention away from the real cause of inflation and the real cure for it ~ Henry Hazlitt
As always, you can reach David by calling: 501-952-3090 or email him: David@DLShowOnline.com
A dollar paid in taxes that you could have avoided, not only cost you that dollar, but what that dollar could have earned you had you been able to keep it.
This week, David is joined by Dernon Hamilon, CPA and owner of MY CPA, LLC.
Tune in to hear David and Deron chat about important upcoming changes related to everyone's favorite topic, taxes.
If what you thought to be true about taxes turned out not to be, when would you want to know about it?
Tune In, Listen and Learn.......
You can reach Deron Hamilton, CPA at: 501-312-9419. As always, you can reach David anytime by calling 501-218-8880
When something comes along that's outside of your box of knowledge, you have two choices. You can ignore it, or you can get a bigger box!
This week, David is joined by John Little in the studio.
David spends the majority of this episode talking about the importance of being efficient with your business operations.
Many advisers have all kinds of ideas on where you should invest the money your business is generating . When it comes right down to it, the best place to invest your money is within your own company. This is simply because your business is something you have an intimate knowledge of and have a relative degree of control over. Any income your business generates is an investment return. There are more opportunities in focusing on the efficiency of your existing business cash flows than ever helping you pick better investment opportunities outside of your business.
What if you could loan your business "your personal savings" potentially earning a higher rate of return on those dollars while at the same time deducting the interest your business pays to use your money? This would enable you to be in a financial position to be the bank rather than a customer of the bank.
1.By being more efficient with existing cash flows your business can have guaranteed access to money for business expansion. You will have the ability to expand your business by 25 percent or more per year without ever calling a bank.
2. Any Guaranteed loans you decide to take advantage of is fully tax-deductible under current IRS rules.
3. Any loans you take out have unstructured loan payments. In other words, you as the business owner decide when and how your loans are paid back. There are no monthly minimums. This is great to meet a business owner's cash flow needs.
4. The interest rates on any guaranteed loans you elect to take advantage of are set by Moody's Bond Index.
5. Once you gain the knowledge of how banking, economics and the efficiency of money works, Your business can accumulate an increasing pool of capital, providing accessibility, control as well as uninterrupted compounding interest on your existing cash flows.
A dollar paid in taxes you could have avoided, not only cost you that dollar, but what that dollar could have earned you over the next 5, 10, 20 or even 30 years this is what is known as lost opportunity cost.
These are the exact same strategies many large and well known companies have put to use for decades.
If there are currently unnecessary expense losses your business is loosing that you could have avoided, when would you want to know about it?
Put to work the same concepts that large corporations have used for years. To learn more, you can reach David Lukas at 501-218-8880 Email David anytime at David@InfiniteFinancialServices.com or online at: InfiniteFinancialServices.com
Think the creation of money is a boring subject? Think again! Just how much do you know about that Federal Reserve Note that’s in your wallet?
The American Heritage Dictionary defines fiat money as “paper money decreed legal tender, not backed by gold or silver.” The two characteristics of fiat money therefore, are, it does not represent anything of intrinsic value and (2) it is decreed legal tender. Legal tender simply means that there is a law requiring everyone to accept the currency in commerce.
“We are living in an age of fiat money, and it is sobering to realize that every previous civilization in history that has adopted such money have always economically been destroyed by it.”
Listen to David Interview G. Edward Griffin, author of The Creature From Jekyll Island.
From the back of the book: Where does money come from? Where does it go? Who makes it? The money magicians secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money.
TUNE IN TO HEAR DAVID AND MR. GRIFFIN DISCUSS:
The secret meeting on Jekyll Island in Georgia at which the Federal Reserve was conceived. This meeting consisted of 6 men who represented 25% of the worlds ENTIRE wealth and the time. This meeting was the birth of the banking cartel better known as The Federal Reserve. The strategy was to protect its members from competition; the strategy of how to convince Congress and the public that this cartel was an agency of the United States Government.
The basic plan for the Fed system was drafted at a secret meeting held in Nov. of 1910 at the private resort of J.P. Morgan on Jekyll Island Off the coast of Georgia. Those who attended represented the great financial institutions of Wall Street and indirectly, Europe as well. The reason for secrecy was simple, had it been known the rival factions of the banking community had joined together, the public would have been alerted to the possibility that the bankers were plotting an agreement to eliminate their competitors, which of course is exactly what they were doing.
The stated objective of The Federal Reserve System is to stabilize the economy, yet since its inception, it has presided over the crashes of 1921 and 1929; the great depression of 29’ to 39’ recession in 53’ 57’ 69’ 75’ and 1981, the stock market “Black Monday” in 87’ and 1000% inflation which has destroyed 90% of the value of our dollar. Inflation is the largest hidden tax known to man. What the public would never tolerate through direct taxation, they have unknowingly been subjected to an enourmous hidden tax. The tax of inflation. In terms of The Federal Reserve acheiving their true objectives, they have been an unqualified success.
THE MANDRAKE MECHANISM
Listen in as David and G. Edward Griffin discuss The Mandrake Mechanism. Mr. Griffin coined the term The Mandrake Mechanism, which is the process by which money is created within our economy. This process is unknown by the vast majority of the public.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint” The Rothschild brothers of London writing to associates in New York, 1863.
A consequence of the national banking system was to make it impossible from that date forward for the federal government ever to get out of debt. It is a little known fact that all of the currency circulating within our economy was created out of debt. Our current monetary system utilizes mostly government bonds as backing for the money supply, it has locked the nation into perpetual debt.
Even advocates of central banking have admitted this reality. Economist John Galbraith stated “ following the civil war, the Federal Government ran a heavy surplus. However, it could not pay off it’s debt, retire its securities, because to do so mean there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.”
David and Mr. Griffin briefly talk about the IMF and The World Bank.
Congress passed the Monetary Control Act of 1980 which authorized the Federal Reserve to “monetize foreign debt”. That is banker language meaning that the fed was now authorized to create money out of nothing for the purpose of lending to foreign governments. Until that moment, it was only allowed to make money for the American Government. Since then, The Federal Reserve has been functioning as a central bank for the entire world!
Think the creation of money is a boring subject? Think again! Just how much do you know about that Federal Reserve Note that's in your wallet? Tune in to listen to David interview G. Edward Griffin, author of The Creature From Jekyll Island.
To make smart decesions with your money, It's imperative that you understand what is really going. If you would like to talk to David about this topic or any other topic, call him anytime at: 501-952-3090.
To learn more about G. Edward Griffin and to order his book, visit:
www.RealityZone.com
www.FreedomForceInternational.org
Wikipedia Entry for G. Edward Griffin
Remember that you can access all links on this page by clicking on "Extras" on your David Lukas Show smart phone app or your Ipad or Android Device.
The value of your business is larger than some and certainly some businesses are larger than yours. There is one thing that all business owners have in common and that is they want their
business to grow!
This week David dives into a very important topic. If you are a business owner, this show is dedicated to you! You wake up every day unemployed, and you don't get paid till someone says "yes, I want your product!"
The entrepreneurial spirit and the hard work that every business owner invests into their business is to be honored. The many hours of sacrifice, blood, sweat and tears behind the scenes that every entrepreneur experiences is to be commended. All of this energy is expended without any guarantee of success.
The small business owner is the primary job creator in this great country of ours and any success they achieve is despite all of the obstacles in front of them . They overcome these adversities and not only improve their lives, but also those they employ that help them accomplish their mission.
This is what makes America work, not the bureaucrats in Washington D.C. If you work for a small business owner, thank them! If you are a small business owner, you know what we are talking about first hand!
How efficient is your business? You may be loosing money due to expense loss that you have no idea that is even taking place. Expense loss is not only the money you are forced to spend which is simply the cost of doing business, but also money you could be loosing unknowing and unnecessarily.
There are only two ways people other than you can make a substantial impact on your business. One would require an intimate knowledge of your business to find new markets or better opportunities for growth. This often requires increased risk for your and your company. The second way would be for someone to help you become more efficient with what you are currently doing and reduce areas of risk and loss. Obviously if you knew where the losses were occurring you would already solved these issues.
Many advisers have ideas of where you should invest the money your business is generating. When it comes right down to it, there is no better place to invest your money than in your own company, simply because it is something you know and can control to some degree. The money your company generates is investment return. There is more opportunity to positively impact your business financially by avoiding expense losses than ever picking better investment opportunities.
There is more power in minimizing the losses than every trying to pick the winners.
Tune in to hear David discuss what you thought to be true about your business may not be. There is a better way. Call David anytime: 501-952-3090
If what you thought to be true turned out not to be, when would you want to know about it? David spends a few minutes talking about The Circle of Knowledge. There are three types of
knowledge in the universe.
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What you know to be true. I.E. You know the sky is blue.
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What you don't know. You know that it exist, but you don't know much about it. You are consciously incompetent in these matters. I.E. Brain Surgery.
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Everything else that is exist in the universe is what you are unconsciously incompetent in. This is related to topics you don't even know exist. They reside in your blind spot.
Your blinds spot can be likened to you driving down the interstate and you look in your rear view mirror. You don't see anything. You then look in your side mirror and you still don't see anything. You then look over your left shoulder and all of a sudden there's a 3000 pound vehicle traveling at the same speed you are. Now the question is: Was that vehicle there all along, or did it appear just when you saw it? You see, that car is like the information in the universe, it's out there traveling at the same speed as you are, but you have no awareness of it.
Is your income common, or uncommon? The answer may just surprise you.
Tune in to hear David discuss the topic of being more efficient with your money. Where is the first place you focus on when looking to achieve a balanced cash flow model? What is a balanced cash flow model? When you are saving enough today to ensure that you can live at the same standard of living adjusted for inflation when you no longer have earned income. The vast majority of advisers will narrowly focus on the area of accumulated money. While this is certainly important, this is not the first place one should look to increase their wealth. This results in many taking unnecessarily risk with their money.
David would love to hear from you on this topic or anything else that's on your mind. Call David anytime at 501-218-8880
This is the first show that David did in 2013. David talks about a variety of topics including:
Fiat Money, what is it? Our current form of currency that we use (The U.S. Dollar) is not backed by anything of intrinsic value. History has not been kind to civilizations that instituted what is happening right here in America today.
David talks about the Spender, the Saver and the Wealth Creator and The Personal Economic Flow Model
Note On the next show, David will make a clarification in regards to a how you finance a major capital purchase and the difference between compounding interest and amortizing interest. Once you factor in the total cost of ownership which factors in lost opportunity cost, or principal and interest at interest, the cost is the exact same assuming the rate of return is the same as the cost you are borrowing. The cost are the exact same if you pay cash or you finance your purchase. (see below) However, having liquidity use and control of your money and uninterrupted compounding interest, are reasons to considering borrowing instead of paying cash. (see example below).
Tune in next week or give David a call at 501-218-8880
David takes a few minutes to reflect on the year and encourages his listeners to go serve someone else. Take the time to focus on someone else. It truly is better to give than to receive. There are endless opportunities right in your city and around the world for you to take part in serving others. Go do it!
The picture to the above is David with some kids in a small community of about 1,200 people in Nicaragua. They are standing in front of a brand new well that was drilled and installed. For more info Google Living Water International. Previous to this well, the community had no access to clean drinking water. There are over 700 million people in the world without access to clean water.
David talks about some great upcoming shows as well as some other exciting developments in the area of mortgage planning. David mentioned his blog post: Achieving the lowest Interest rate.
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Accumulated MoneyDavid talks about the three types of money in relation to mortgage planning.
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Lifestyle Money
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Transferred Money
David and JT chat about his Christmas injury and a Devan?
David references his Blog Post: Opportunity Cost and Compounding Interest
Tune In, Listen and Learn!
You can reach David anytime by calling: 501-218-8880
MERRY CHRISTMAS!
This week John Little joins David in the studio to talk about the number twelve.
Many things are associated with the number twelve. There are twelve months in a year, you can buy cookies, doughnuts and eggs by the dozen, and of course, there’s the twelve days of Christmas. There’s also that elusive 12% average rate of return that Dave Ramsey, the popular financial talk show host leads his faithful followers to believe they will easily achieve by investing in mutual funds.
David and John dive right into this important topic. It’s important to separate fact from fiction. Dave Ramsey has benefited thousands of people who are in a constant cycle of debt. He is to be commended for helping people in this regard. However when he shifts to the subject of accumulating wealth, much of his advice is misleading at best.
We encourage you to do your own research. Just because someone teaches Dave’s course in your church or you read one of his books doesn't make it the truth.
We outlined in the Financial Peace? Podcast some of the statements that he has written can be disproved with math. Again, don’t take out word for it, do your own research.
In the real world, there are real issues that affect the mutual funds that Dave Ramsey advocates.
Take the following snapshot of the S&P 500 Index. (To view, click on "Extras" within Your David Lukas Show App) While it I impossible to predict the future course of any investment, we can test this hypothesis through the use of historical data. We do know what the equity indexes produced in the way of historical returns. See the S&P 500 index on this page (1992-2011) we can look at that performance using some basic assumptions to determine how an individual might have seen their assets accumulate over that time period. As you can see, the index averaged 9.58%.
With that in mind, since we live in the real world, we have to take into consideration the following:
1. Average rate of return vs. real rates of return: There is a big difference between average rate of return (adding up 20 years worth of returns and dividing by 20) and a real rate of return. Real rate of return is the rate of return your investment would have received had it actually been invested over the time time period (1992-2011) Because downturns in the market are magnified over time (if you lose 20% in one year, you must earn 25% the following year just to break even) Over the past 20-years the REAL rate of return was 7.8%
2.Single Payment VS. Multiple payments: In the real world, most individuals invest over time. One potentially misleading aspect of advertised returns is that they are predicated on a single investment made at the beginning of a given time period. But as we know, that's not how most people accumulate wealth. In reality most people invest over time, not in one lump sum. If we assumed 20 equal annual payments on January of each year, the real rate of return for our dollars drops from 7.8% to 5.92%.
3. Managed Portfolio Cost: Most of the advertised projections fail to take into consideration management cost. Once again, in the real world that isn't usually the case. At some point, somebody needs to get paid to manage money. Either a mutual fund manager, fee based adviser, stock broker or some other entity will most likely be compensated. If we assume a 1% annual management fee, the rate of return now falls to 4.82%
4. Management fee alternatives: There are alternatives that could be pursed by those wanting to avoid management fees. A popular one today is an exchagne traded fund (ETF), which invest in an index and requires no management. Had the annual payments been made to an ETF which invested in the S&P 500 index, no management fees would have been paid. But the real return would have been only 3.77% instead of 9.58% Why? Because ETFs reflect price changes only, there are no dividends, and dividends have historically generated somewhere between 1.5% and 4.00% of the S&P 500's rate of return when reinvested back into the index.
5. Taxes! In the real world, we have to consider taxation. Ultimately, taxation reduces the amount of assets that can be used. If we assume taxes are only due at the end of the period and we use a long-term capital gain rate of 15% the return would be 4.27% That is less than half of the advertised rate of return for the past 20-years.
The above scenario reflects the real world and in the process one put their money at risk. When someone ask you to put your money at risk, ask yourself this. Who's money is at risk? Mine or the person making the recommendation?
If you would like to contact David or John to discuss this or any topic in detail, you can call 501-218-8880. Tune in, listen and learn!
Neither Wall Street, nor the government wants an informed public. Your best defense is an informed mind.
“An Investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative” -Benjamin Graham, The Intelligent Investor (considered one of the best investment books of all time)
David talks about the fact that Wall Street does NOT want informed people capable of critical thinking to make important financial decisions with regard to their savings. There is a revolving door between Washington, Wall Street the Federal Reserve, Ivy League academia, and bankers from the Euro Zone. Wall Street has successfully privatized their profits and socialized trillions in losses. The Wall Street business model is a system built on predation, an ability to create money out of thin air, government sanctions, taxpayer bailouts, exploitation of the tax code-with The Federal Reserve, central bankers and governments worldwide driving the getaway cars. Main Street is being continually seduced by the overly optimistic gambling nature of Wall Street . They are telling you to put your money at risk in a straight jacket for the next 30 years while they routinely take their, or you could say your money off the table.
David dives into the topic of target date mutual funds and Wall Street's new affection for your 401k. Through lobbying, the mutual fund industry effectively kicked out competition from the life insurance industry and other successful conservative managers of economic risk.
Ask yourself this: When someone ask you to put your money at risk, whose money is at risk? Yours, or the one making the recommendation?
Unfortunately, the financial services industry is filled with those who would advise you to take unnecessary risk with your money.
Neither Wall Street, nor the government wants an informed public. Your best defense is an informed mind.
Contact our sponsor Infinite Financial Services and speak with someone who will share ideas and strategies with you that are life changing. There are alternatives that Wall Street does not want Main Street to be informed about. Call IFS today at 501-218-8880 or online at: www.InfiniteFinancialServices.com
This show is dedicated to Val Wheeler who recently passed away on October 23rd, 2012. Val was 56 years old.
Val was David’s Business Partner and friend. He was a generous man who gave of his time and resources. Listen in as David talks about Val and the short time he had the honor of knowing him.
If you would like to listen to the two shows that VAL joined David in the studio, you can listen to those by clicking on the following two links: “Proven Business Systems” and “Mortgage Payoff Strategies“.
David discusses the need to be committed to self education. More than ever, it is imperative that we recognize that the past does not necessarily predict our economic future. The answer isn’t in finding that “magic” rates of return or specific financial product. The answer lies within the process of educating yourself on issues of economics, banking and money.
In light of the loss of our great friend Val Wheeler, David talks about The Human Economic Life Concept which is given little thought by the average person. This is a concept that Val understood very well.
Few people understand the greatness of life insurance as a multifaceted financial tool. It’s not just a death benefit, but also a wonderful financial tool that has actively been put to work for over 150 years by the country’s corporations and wealthy individuals. In particular, The Nations Banks understand the value of Permanent high value Life Insurance. Click HERE for to read for yourself. Also for more info on this topiclisten to The Pirates of Manhattan Podcast
Unfortunately, 95% of financial professionals do not know how to properly structure a whole life policy. The majority of people do not reject the human life value concept or the wonderful economics of permanent life insurance once they understand it. The problem comes down to cost. It’s imperative that you work with a high end life insurance or other financial planner for viable strategies which enable them to structure the correct cash flow strategies. Most often, it’s simply a matter of re-positioning cash flow to maximize the efficiency of money.
When setup properly, you can achieve the following:
1: Tax Deferred Growth,
2: Tax Free Distribution,3: Competitive Return,
4: High Contributions limits,
5: Collateral Opportunities,
6. Earn guaranteed compounding interest with NO market risk.
7: Guaranteed Loan Option,
8: Unstructured Loan Payments
9: Liquidity, Use and Control of your money today, while your money never stops compounding.
10. Additional benefits.
Lastly, when High Cash Value Life insurance is properly applied to your economic situation, lost opportunity cost in drastically minimized. What is lost opportunity cost? READ HERE
If you would like to work with a high-end life insurance agent or financial planner who can educate you further and put these concepts to work for you, please contact Infinite Financial Services at 501-821-8880 or visit them online at: www.InfiniteFinancialServices.com
In honor of Val Wheeler. Val was a pioneer in the industry. He passionately helped so many people in so many ways. Val understood the concept of human economic value and was passionate about helping people acheive the financial goals they never thought possible. You will missed.
This week, David is joined by Barry Dyke author of The Pirates of Manhattan.
From the back of the book: Get behind the scenes of modern finance and discover the people and financial institutions which control your financial life. Learn why finance is rigged in favor of insiders in banking, Wall Street and mutual fund companies.
David and Barry discuss the following topics and more:
The Federal Reserve and it's impact on the average American.
The repeal of The Glass-Stegall Act and the passage of The Gramm-Leach-Biley Act of 1999.
Why big banks want all regulations to be consolidated at the federal level.
Wall street and it's appetite for speculation (The Casino Age)
How big banks circumvent state usury laws that allow them to charge twenty plus percent on credit cards loans. These provide billions in profits to the big banks.
Kickbacks, bribery, embezzlement, collusive bidding practices and other dishonest practices take place in International banking which has NO regulations. (The IMF and The World Bank)
How international banks which are often owned by Big U.S. Banks, call on the Federal Reserve, The International Monetary Fund, The World Bank and the United States Treasury to bail them out. Once again, the American tax-payer gets hosed!
The breathtaking amount of violations, fraud, and deceit that have taken place in the mutual fund industry. (Pages 108-115)
Hedge funds and the passage of the Dodd-Frank.
FINRA, the Self-Regulatory entity that oversees the securities industry. Is this the fox guarding the hen house?
Bank Owned Life insurance (BOLI's) The vast majority of the population are unaware that big banks own billions of dollars in high cash value permanent life insurance, yet many of them advise the exact opposite. Many banks have up to 25% of their tier one capital assets in Bank Owed Life Insurance.
Some interesting facts about the life insurance industry:
~Around 1900, approximately 50 percent of American's discretionary savings were deposited with life insurance companies.
~The life insurance industry has trillions on dollars invested in the U.S. Economy. In fact, insurance companies are the largest source of bond financing in the United States.
~ During the great depression, policy holder deposits held with life insurance companies were found to be more than 99.6% safe. This can't be said of the banks in the U.S during the same time period.
~After the market crash in 1929 it was Insurance Companies that provided liquidity to the banks.
~The life insurance industry has not strained the federal government for tax payer subsidized deposit insurance or numerous bailouts.
To learn more, visit www.ThePiratesofManhattan.com
Unfortunately, the majority of life insurance contracts are not properly structured. However, with the assistance from a skilled professional you can achieve the following:
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Tax-Free Accumulation on your money.
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Tax-Free Distribution
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Earn guaranteed compounding interest with no market risk.
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Liquidity use and control of your money, while your money continues to compound uninterrupted.
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Tax-Free death benefit no matter when you die.
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The ability to finance every major purchase with your policy.
To learn more contact our sponsor Infinite Financial Services at: 501-218-8880 or online at: InfiniteFinancialServices.com
This week, David is joined by Kelley McNulty who is a Business Litigation and Corporate lawyer with Gill Ragon Ownen.
David and Kelley discuss the importance of collecting accounts receivables within a business.
When your business is struggling to collect on the services or goods you have already provided, it can cause serious cash flow problems.
What can a business owner do to be more effective in the collection of past due receivables?
What can a business owner do to be more proactive to ensure a higher collection success rate of any revenues that are past due?
The importance of having an properly structured operating agreement.
The importance of choosing the right corporation entity.
Did you know that you can recapture the cost of running your business by taking advantage of the existing cash flows your business is already collecting? You can achieve this and maintain complete liquidity, use and control of your money, while at the same time earning guaranteed, uninterrupted, compounding interest on the money your business is already taking in. By being more efficient with existing cash flows, your business can have guaranteed access to loans for business expansion. To learn more about this concept, please click on "Extras" on your Iphone or Android within your David Lukas Show App.
Kelly would love to hear from you. You call him at: 501-376-3800, or you can email him at: mcnulty@gill-law.com or to learn more, visit Gill, Ragon, Ownen online at: www.Gill-Law.com
Tune in, listen and learn!
Untill Next Week....
~DL
We are all familiar with the saying about the two things in life that are a certainty. Death and Taxes. While we have little to no control over the former, we can and should be proactive about the latter (taxes).
How many pages does it take to fully document the U.S. tax code as it stands in 2012? If you answered 73,608, you're right. Note that we didn't say "you win"!... In light of this fact, more than ever, it's imperative for the individual and business owner to be proactive about this all important topic.
This week David is joined by Deron Hamilton who is the owner of My CPA, LLC in Little Rock, AR.
David and Deron discuss many of the upcoming changes that are taking place in regards to taxation. One thing is for sure, itemized deductions are in the cross hairs of the IRS.
Some of the topics discussed include:
Major changes in the tax code that will affect individual tax payers.
The importance of planning, by selecting the right business entity.
The importance of proper documentation.
Strategies to reduce your tax liability.
The bottom line is that there is a big difference between tax avoidance and tax evasion. It is not the IRS's responsibility to educate you on all of the provisions in the tax code that allow you to avoid paying one dollar more in taxes that you are required to pay.
The two largest wealth transfers are your mortgage and taxes. A dollar in taxes paid unnecessarily not only cost you what you lost, but also what what that dollar could have earned had you not given it away. To learn more, read and listen to the past show: Who's Future Are You Financing?
There are many options to drastically reduce one's tax-liability. Including strategies that will help you:
Be more efficient with your dollars by implementing a tax-free retirement income source. There are many tax-free asset accumulation strategies that are outside of most people's box of knowledge. If you would like to learn more, contact our sponsor Infinite Financial Services at: 501-218-8880 or online at: InfiniteFinancialServices.com
Deron Hamilton with My CPA, LLC can be reached at: 501-661-1820
Remember, you can always listen on the go by downloading The Free David Lukas Show Android or Iphone App. An easy way to do so is to Text "DLSHOW" to 90210 from your smart phone. When you do, we will immediately send you a link to download either the Iphone or the Android version.
Tune in, Listen and Learn!
This week David invited Employment Law Attorney Brian Vandiver onto the show. Brian exclusively represents employers in all areas of labor and employment law.
If you are an employer, this is a must hear show. The laws that apply to employers are constantly changing. The regulations that apply to small and large businesses are
It's imperative to know how these laws and regulations directly effect your business. David and Brian discuss employer regulations which are growing every day.
Below are just some of the topics Brian and David talk about:
Unions and right to work states.
The ADEA and ADA
Department of Labor and the "Bridge To Justice".
The EEOC and it's burdensome regulations.
Did you know that you are forbidden from conducting a criminal background check before extending an offer to an applicant? (Yes you read that right)
The National Labor Relations Board and it's regulations.
The Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare and it's unintended consequences that are already taking place.
If you would like to contact Brian, he can be reached at: Phone: (501) 688-8893 or E-mail: bvandiver@mwlaw.com
David talks about the New and Improved David Lukas Show website which can be found at: DlShowOnline.com and other changes that are happening on the show.
Other thoughts from David on various topics including Mortgage Planning.
Tune in, listen, and learn........
Remember, you can listen anytime on the go by downloading The David Lukas Show Android or Iphone App. An easy way to do so is to text "DlShow" to 90210 and we will send you a link to download right from your iphone or Android.
This week, Val Wheeler joins David in the studio to talk about some of the keys services that David provides in his "Day Job". Val Wheeler along with David are both Senior Partners at Infinite Financial Services.
David and Val discuss the efficiency of money in the world of business.
Does your business have a plan to spend the same dollar over and over and over?
Does your business have guaranteed access to money to expand your business?
Do you have a plan to recapture the cost of running your business with NO additional capital outlay?
You can create a tax-free retirement source not spending one dollar more than you are today.
These are the exact same strategies that many large and well known corporations have successfully used for decades.
David and Val also discuss proper mortgage planning that will have a profound impact on your personal financial future.
Prudent mortgage planning will allow you to accomplish: Spend the same dollar 4 times over your life time.Payoff your home early and recapture all the interest you are now needlessly paying.
Your Mortgage is one of the most powerful financial tools at your disposal. How you decide to pay for it can create unnecessary wealth transfers.
Americans devote the largest portion of their incomes to housing. Consequently, how you manage your home equity will have far-reaching implication on virtually every facet of your financial life, including your ability to save, pay for college, and plan for your retirement.
To learn more about the concepts David and Val discussed on this show, go to: InfiniteFinancialServices.com
Interact and let David know what you think on Facebook. Go to: Facebook.com/DLShow
Never, Never, Never Give Up ~Winston Churchill
Business is full of brilliant men who started out with a spurt and lacked the stamina to finish. Their places were taken by patient and unshowy plodders who never knew when to quit.~J.R. Todd
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. - Winston Churchill
Obstacles are those frightful things you see when you take your eyes off your goal. ~Henry Ford
This week's show is dedicated to the great entrepreneurial spirit that built America. Those who overcame adversity, and persevered and achieved their dreams while at the same time improving the lives of millions of other Americans.
Tune in and hear some inspiring stories of those who overcame the odds and became some of the most recognizable companies in America today.
~DL
Some People Dream Of Success While Others Wake Up And Work Hard At It ~Winston Churchill
This week Hans Oliver Joins David in the Studio to chat about entrepreneurship and running a business. Hans owns and operates a sucessful coffee business which can found online at: G3Coffee.com
You must be willing to think outside the box in this economy. In business, it is imperative to be willing to change. Be frugal and be commited to continual self-education. Hans and David chat about what they have learned being self-employed business owners.
Tune in to hear this candid discussion between two small business owners. You just may learn something. At the very least you will be entertained.
Hans recently read: The Reinventors: How Extraordinary Companies Pursue Radical Continuous Change
You may want to pick up a copy yourself. (To view on Amazon.com click on "Extras" in your David Lukas Show App)
Remember, you can listen to this show and all shows on the go by downloading the latest version of The David Lukas Show Iphone or Android App.
Long Live Small Business and Coffee!
~DL
It is no secret that our federal debt is growing at a break neck speed. Our federal government is borrowing over $40,000 per second more than they take in tax revenues. A few months back, I had the opportunity to interview (Listen to Interview Here) William Beach from The Heritage Foundation’s Center for Data Analysis. Specifically, William and I discussed the recently released Index of Dependence on Gov.
You can read the Report for yourself HERE
A few facts below that I found very disturbing.
The percentage of people who do not pay federal income taxes, and who are not claimed as dependents by someone who does pay them, jumped from 14.8 percent in 1984 to 49.5 percent in 2009. This means that in 1984, 34.8 million tax filers paid no taxes; in 2009, 151.7 million paid nothing. (Yes you read that right!) This poses the question, how long can our form of representative government survive in light of these facts? I am a numbers person. To me it is simple mathematics. Something has to give. I have come to the conclusion that one thing is a certainty: Our taxes will go up in the future. These are serious issues that must be addressed in relation to where one decides to accumulate money.
In 3000 days, about two-thirds of the now-working population will be 60 years old or older. This is a certainty! Unfortunately, this leaves one-third of the now-working population to pay for all the government social programs for a majority of retired citizens. To compound the problem, the costs of social programs such as Medicare, Medicaid, and Social Security increase every year. This leaves little doubt that increased taxation will be needed to maintain these programs.
It is estimated that by 2040, the elderly population will represent 20.7% of the total population. The largest segment of the population that grew the fastest was people between the ages of 90 and 94. My own grandmother is almost turning 97 and still lives at home by herself! This age group has increased 44.6% since 1990. To give you some perspective, in 1900, the average life expectancy was 47.3 years.Along with shifting age demographics, the government itself plays a role in diminishing our future wealth. Over the last 30 years, the only thing the government has done consistently is overspend the amount of money that is taken in. Recently they raised the amount of money you can put into the government qualified retirement plans. Why? Was this change initiated because they were concerned about your financial future or theirs? A 401K or IRA simply defers taxation to a later date. At first, it may appear that you save on taxes but you most likely won’t.
If all things are equal meaning your rate of return and the rate at which you are taxed are the same today, and when you retired, THERE IS NO DIFFERENCE between pre-tax and after tax contributions. You will end up with the EXACT same amount of money. This is a mathematical certainty.
The government doesn’t want you to worry about the pain of paying unnecessarily taxes. Today, you need more knowledge so you are capable of making better financial decisions. The more you know the less pain you will suffer financially. The solutions to a rewarding financial future are not found in just the stock market. But that’s what most people believe. Why? Because that’s all they know. It is difficult to get the right solution when you start out with the wrong premise. The government sees you as a taxpayer. If you don’t utilize the lessons of efficiency, the government will be first and foremost in your financial life.
Taxes are the largest transfer of your wealth. If you learn to be more efficient you will learn to drastically reduce this transfer resulting in you keeping more of your hard earned money. Who’s future are you financing, yours or the governments?
Most people miss opportunity because it goes around wearing overalls and looks a lot like hard work ~ Thomas Edison "If you have a business, you didn't build that" ~ President Barack H. Obama This show is dedicated to the small business owners who are what make this great nation of ours the greatest country on earth. Despite what many politicians would have us believe, local and federal governments have often become a hindrance. When we have come out of previous recessions, it has been the small businesses that have created jobs. This time around, we aren't seeing this. Many left leaning politicians claim what we need is more regulation or more "stimulus" (government borrowing and spending) The government does not create jobs. The majority of jobs are created by small business owners. Many in the federal government now claim that small business owners aren't paying their fair share. Wait you say, they are talking about those "rich" people, not me! The facts are that the majority of small business owners fall into the "top wage earner" category. Read the IRS stats below and decide for yourself. If you own a business and earn over: -If you earn over $343,927 you are in the top 1% of all wage earners. This group of tax payers pay 36.7% of all federal taxes. -If you earn over $154,643 you are in the top 5% of all wage earners. 58.7% of all taxes are paid by the top 5%. -To be in the top 10% you make $112,124 or more. The top 10% of wage earners pay 70.5% of all federal taxes. -If you make $66,193 you are in the top 25%. This group pays 87.3% of ALL federal taxes! -If you earn over $32,396 you are in the top 50% of wage earners. 97.7% of all federal taxes are paid by the top 50%. David talks about the challenges small businesses face in today's regulatory environment. What are those challenges and what are the solutions to overcome them? One solution is to make sure that you are being more efficient with the cash flow that you already have. Did you know there is a way to recapture the entire cost of running your business without any additional capital outlay? This one strategy alone can literally transform your entire business. Tune in, Listen and Learn!
The fact is, Americans devote the largest portion of their incomes to housing. Consequently, how you handle the financing of your home will have far-reaching implications on virtually every area of your financial life, including your ability to save, pay for college, and plan for your retirement.
The mortgage planning process isn’t about wasting your valuable time trying to save $20 per moth. Mortgage Planning is about integrating your mortgage into your overall long and short term financial goals. Your mortgage is one of the most powerful financial tools that you have at your disposal. The way you manage your equity, the way you manage your mortgage is crucial.
Unfortunately, the vast majority of those financing their home miss the big picture. Most people focus on a small part of the mortgage equation, the interest rate. The interest rate is only one part of the mortgage equation. The fact is that the interest rate you are paying isn’t the real problem, the real problem is the VOLUME of interest that you are paying.
Has it hit you yet? Do you see why focusing on saving $15.00 a month is missing the big picture? Remember, a great rate on the wrong mortgage strategy can literally be a $400,000 mistake! If you really grasp this, It will change your line of thinking next time you take out a mortgage.
Too many people focus solely on managing their assets. Few, understand the power of managing their largest debt, their mortgage. Managing your assets without managing your liabilities is like heating and cooling your home with the windows wide open!
Tune in to hear David talk about the all important topic of mortgage planning.
If what you thought to be true turned out not to be, when would you want to know about it?
Many of you are familiar with the popular radio talk show host Dave Ramsey. Dave is well known for helping people get out of debt. Dave Ramsey heavily markets his “Financial Peace University” course and products through evangelical churches. Dave Ramsey should be given credit for his work in educating people about the devastating effects of debt. That horrible thing that requires you to pay back others with interest. However, when his focus shifts from becoming debt free to capital accumulation, he is often just plain wrong.
I (David) encourage you to not take my word for it. Do your own research. Much of what Dave Ramsey advocates when it comes to wealth accumulation can be proven wrong with math. Just one example from his book is below.
A Quote From Dave Ramsey’s book.
“A Government Gift?”
“Billionaire J. Paul Getty says that one of the keys to building wealth is not to pay taxes on money until you use it. So you shouldn’t pay taxes on retirement dollars until you use them. You should always invest long term with pretax dollars. What if I gave you $2,000 each year and these were the conditions: You can earn all the interest you want on that $2,000 – and keep it – but you have to give the $2,000 for each year back to me when you are seventy years old. If you were thirty-five years old and we did that for thirty-five years at 12 percent, you would have $863,326. You do have to give me back $2,000 x 35 years or $70,000, but you still net $793,326. If you save $6,700 per year in a pretax investment like a 401(k) or SEPP (Simplified Employee Pension Plan), the above scenario would have occurred. If you bring that $6,700 per year home, it turns into $4,700 by the time Uncle Congress gets his greedy cut, so $2,000 of that money is Uncle Congress’s – which, if we invest pretax, we get to keep for free all those years. What a deal!
I have heard the ridiculous pitch that it is better to pay your taxes today because tax rates may be higher by the time you get to retirement. The only people who believe that argument do not understand the power of the present value of dollars or are life insurance salesmen.”
~(Dave Ramsey, Financial Peace Revisited, Penguin Group, page 154-155)
FACT: If all things are equal meaning your rate of return and the rate at which you are taxed are the same today, and when you retired, THERE IS NO DIFFERENCE between pre-tax and after tax contributions. You will end up with the EXACT same amount of money. This is a mathematical certainty.
First, do you really believe the government only takes that which you put in? Do you really believe that the government will allow you to contribute $2,000, pay no tax on that $2,000, let it grow, and then only pay them back the $2,000 when it’s time to take it out? The truth is that the government gets to confiscate as much as it wants of your full account balance. How? The government gets to decide what tax bracket you’ll be in at the time of withdrawal.
Think about it. If you postpone paying your taxes to a later date, essentially you are subject to a future unknown tax calculation that you have no control over. Only the government decides how much they are going to take. Take a look at USDebtClock.org and decide for yourself if you think taxes are going up, staying the same or going down in the future. If you believe that taxes are going up in the future, then deferring your taxes to a later date is a bad thing.
In future shows we will break down some more factually inaccurate teachings of Dave Ramsey. You may ask yourself, how can you claim that some of what D.R. is teaching people is not true.? Well, it can be disproved with Math. We encourage you to be a critical thinker. Just because someone writes something in a book, or markets their products to you in your church doesn’t make it the gospel (no pun intended). Be a critical thinker. Think for yourself.
Tune in, Listen and Learn……
This week is a continuation of a detailed analysis of the history of The Federal Reserve.
David continues to play excerpts from a speech by G. Edward Griffin, author of The Creature From Jekyll Island.
Find out how unlimited taxation was imposed on the American people through the hidden tax we call inflation.
Learn how they decided to name the Central Bank: The Federal Reserve System.
What were the tactics and strategies used to by politicians and just how did they sell this to the American People? At that time in history, there was enormous public opposition to a central banking system in America. In light of all this, how did they get the bill passed and ultimately signed into law?
Is The Federal Reserve a federal agency? Not really. Are they are private bank? Not Really. Tune in to learn the truth.
An even more important question is, what do they do?
Large banks wanted the passage of The Federal Reserve Act as they saw smaller banks as a threat to their profits.
As always, you can interact with David by sending a text to "DLShow" to 90210
Listen in this week as David continues to cover a very important topic: The history of The Federal Reserve.
Learn about the very cozy relationship between our Federal Government and The Federal Reserve. For most Americans they have little idea how money is created in the U.S.
Do you think you understand banking? Who creates our money? It isn't our Federal Government. The Fed loans trillions of dollars to our Federal Government. The Fed creates these dollars out of nothing.
David continues playing excerpts from a speech by G. Edward Griffin, author of The Creature From Jekyll Island.
What is fractional reserve banking?
It is imperative that you understand how our money is created and it's direct impact on you today. The biggest impact on hard working Americans is the hidden tax of..... Inflation.
Learn about the history of Central Banking.
Tune in to learn the answers to these questions and more.
This week, David continues to expound on the important topic of Money. Specicially, the history of money. We have lost over 95% of the value of our Dollar since the inception of The Federal Reserve Act. This isn't a new problem. The debasing of our currency is as old as history iteself. David delves into the correlation between our modern monatry system and The history of The Roman Empire.
David plays an excerpt from a speech by Edward Griffin, author of The Creature from Jekyll Island. Tune in to hear the first half of this insightful speech. You will learn answeres to the following questions and more: How did The Federal Reserve start? Who was involved? How did it become law? What was the REAL intent of The Federal Reserve stystem?
Listen in and come to your own conclusion about the men who were involved in The Federal Reserve's inception.
If we don't understand history, we are doomed to repeat it.
Tune in, listen and learn......
Remember to interact with David by texting "dlshow" along with your comment to 90210
David continues talking about this history of money, banking and the Federal Reserve.
For those of us who still believe in capitalism and want no part of socialism, we need to demand reliable answers and understand what is really transpiring in today's economy.
The struggle for the control of money is as old as man kind. Since the inception of the Federal Reserve, the dollar has lost over 95% of it's value. Why? Tune in to find out.
Before you consider where to put your money, you must first understand the history of money, it's roots, and our current system here in the United States.
Prudent decisions with your money include understanding the history of money. To begin talking about money, savings, interest, credit, investments and banking without first having a complete grasp of our current system will lead to nothing but confusion.
David talks about the 16th amendment and the Federal Reserve Act. The 1913 Tax and Banking laws are systematically stripping away the value of our dollar.
Find out why understanding these topics is imperative to our country and it's future. The future of our republic is at stake. Educate yourself, and then educate others.
Tune in, Listen and Learn.
Have you ever really thought about Money? Have you ever really stopped to think about the physical dollars that you spend?
What about the ”electronic” money that your Banker loaned you? What is it? How did we get to where we are today? What are the roots of the modern banking system?
Tune in as David begins to shine the light on the banking system and specifically the Federal Resreve.
Just Who is the Federal Reserve?
How do the operate?
What is Open Market Operations?
And Much More.....
David will take the next several weeks answering these questions. You must understand who controlls our money supply, the banking system and how it affects our every day lives.
Tune in, listen and learn!
**Please note to view the Personal Economic Model discussed in this broadcast, you will need to click on the "Extras" within your David Lukas Show App.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's childrenwhat it was once like in the United States where men were free ~ Ronald Reagan
We thank our Veterans for the sacrifice for this great country of ours.
David continues talking about the three types of money. Recapturing money you are currently losing unknowingly and unnecessarily is a good alternative to consider before taking more risk. Focusing on increasing your wealth through making higher returns is the equivalent of trying to fill a bucket with holes by pouring more in.
Most people are conceptual learners. The Personal Economic Model is a great way to conceptualize how money moves within your financial life. Listen in and view the PEM (PDF file) On your Iphone or Android App, simply click on "Extras" to view.
This is a must hear interview with Todd Ballenger, author of Borrow Smart, Retire Rich, A 7-Step process to managing the wealth in your home.
About Todd
Todd began a financial planning practice in Chapel Hill, NC. over the past years Todd has held his Securities, Life & Health, Real Estate and Mortgage Licence.
His interest in real estate and mortgage lending led to the development of a mortgage company focused on managing both sides of the balance sheet. Focusing first on cash and liability management, the savings and increased cash flow were then applied toward the future wealth of his clients. That initial vision was rolled into a public offering in 1999. NASDAQ: MDCM (mortgage.com).
Since 2000, Todd primarily consults with financial institutions to develop integrated cash and liability management strategies for their lenders and advisors.
Todd has worked with Charles Schwab, Ameriprise, American Express, Merrill Lynch, MetLife, Wachovia, PHH Mortgage, Everbank, Old Mutual, Jackson National, LPL, and many other financial institutions and associations dedicated to developing strategy, content, training, and tools to support their financial advisors in the management of cash, liabilities and assets.
Page one (1) of Borrow Smart, Retire Rich:
"Owning a house can be one of your best tools for creating wealth. A house is a place to live and work, but it can also be an instrument for tax deductions, asset, diversification, leverage, wealth accumulation, wealth transfers and charitable giving."
Do you look at managing your mortgage as the same as managing the dollars you already have saved? David and Todd dicuss the fact that your mortgage is one of the most powerful financial tools that you have at your disposal. The way you manage your mortgage, can have far reaching implications on virtually every facet of your financial life, including your ability to save, pay for college and plan for your retirement.
On Page 26 of Borrow Smart Retire Rich:
"For many Americans, more money will likely flow through their house than will ever flow through their other investments. Properly managed, your investment in the house could account for thousands and even millions of dollars in new wealth over your lifetime."
Tune in to hear David and Todd talk about:
What is EPR?
Safety, Liquidity and Return
The life events that often increase the need for access to the wealth in your house are typically the same events that block such access.
External threats over which you have little or no control can affect your credit in a way that immediately blocks future access to wealth in your house.
And much more!
You can buy Todd's book on Amazon by clicking HERE.
To learn more please visit: BorrowSmartRetireRich.com also be sure to visit: WhatIsEnough.org
Tune In, Listen and Learn!
David continues to talk about the three types of money and major wealth transfers.
Most in the financial industry focus on accumulated money. Specifically, to increase one's accumulated money, the focus is usually on finding better investments that pay a higher rate of return, often requiring increasing the level of risk in the process. Ask yourself this question: When someone advises you how to increase your investments, who's money is at risk? Yours or theirs?
Often times, the advice one receives is to cut back on their standard of living and give up the luxuries they currently enjoy. By far the most common strategy to increase one's assets is to go on a financial diet and cut back on spending one's lifestyle money. For many people the thought of giving up today to build for tomorrow is the only strategy they believe is available. This thought is so stressful that it can keep even those who want to save from taking any action at all. This often brings us back to the position of trying to find better investments to make our money grow.
There are many ways to increase your wealth. One way is to be more efficient with the money you already have.
Are you focusing on the wrong money? The answer lies in your TRANSFERRED money. Money that is already passing through your hands, but that is being lost through wealth transfers. The two biggest wealth transfers are your mortgage, specifically the way you go about managing your equity. The 2nd major wealth transfer for most people is their taxes. Most people are not aware of the strategies available to drastically reduce the amount taxes they end up paying over a life time.
Listen in as you will learn about strategies that allow you to recapture hundreds of thousands of dollars of transferred money.
What strategy do you have to minimize your wealth transfers? Transfers that most likely you aren't even aware of.
If you would like to find out how these strategies can help you. Call David at: 501-952-3090
David continues talking about the three types of money. Specifically, this week he focuses on two types of transferred money: Mortgages and Taxes.
You will want to consider attending the upcoming mortgage payoff strategy event where you can learn how to avoid paying all the interest you are paying on your home unnecessarily. Learn how to pay off your home in under ten years and recapture every dollar in interest you are paying unnecessarily. In addition, you can put every dollar you paid for your home back in your pocket. To learn more checkout our upcoming events page.
David continues to discuss the three types of money.
Your mortgage, or more specifically how you manage your mortgage can contribute to a major wealth transfer. If you aren’t implementing a prudent mortgage planning strategy, by default, you are transferring a large amount of your wealth to someone else.
Another major wealth transfer is taxes.
If you are not satisfied with your current financial outlook, then tune in, listen and learn.
Remember, you can always text “DLShow” along with your comment to 90120
If you don’t have time to listen from your computer, then be sure to download The David Lukas Show Android or Iphone app today and listen on the go.
Financially, we assume things to be true that are not, simply because others told us they were true. David talks about really BAD advice that he recently heard on a nationally syndicated radio show who featured a "financial expert".
"It's not the rate of return or where your money is that matters, but rather how your money works"
David talks about the three types of money.
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Lifestyle Money: Lifestyle Money represents what you have to spend to maintain your standard of living: your home, the car you drive, etc.
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Accumulated Money: Accumulated Money represents what your current savings and investment dollars. This is where most people focus their time managing their money.
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Transferred Money: People's failure to accumulate wealth is directly related to this type of money. Too many people are focused on higher rates of return on their investments, when the real problem is people are transferring their money away unknowingly and unnecessarily. What relief do you have to recapture some of these transfers? Listen in as David discusses this very important topic.
David talks about the major wealth transfers. Taxes Qualified Retirement Plans Financial Planning Disability Credit Cards Tax Refunds How You Pay Your Mortgage Purchasing Cars Investments
With the right strategy, many of these transfers can be eliminated or greatly reduced. The key to lasting financial security isn't about finding an investment that offers you a higher rate of return but rather the secret lies in eliminating wealth transfers.
Tune in to this must hear show!
This week, David invited Wayne Brownfield from Good Guys Security. They are a brand new supporter of the show. Is your alarm company ripping you off? If you are paying more than $10.99 per month for alarm monitoring service they are! On top of that, Good Guys Security doesn't lock you into any contracts.
Good Guys Security can re-program your existing system, or do a brand new installation. They offer state of the art alarm systems including alarms that monitor your copper pipes in you home to prevent theft of your copper pipes.
Listen in as David and Wayne talk about the ins and outs of home security.
Call Wayne today to get your home alarm monitored for only $10.99 per month. If you tell them you heard about it on The David Lukas Show, you will get your first two months free!
Call Good Guys Security today at: 501-517-2365 or visit www.GoodGuysSecurity.com
Tune in this week to hear David chat with Bryan Bloom, Author of Confessions Of A CPA.
Some of the topics David and Bryan discuss include:
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Miracle of Compound Interest
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Rate of Return
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Qualified Plans
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Your Home is Your Greatest Asset
Tune in to learn what you thought to be true about these topics, may just not be......
David invited his good friend Val Wheeler from Southern Financial Group. Val is a veteran in the financial industry with over 33 years experience.
Possibly you have heard David talking about this on his Radio Show. David and Val talk mortgage payoff strategies. Most people assume paying all of that mortgage interest is a necessary evil of having a mortgage. Well, there are many people right now who are utilizing a mortgage pay-off strategy which has literally enabled them to pay off their mortgage early and recapture the original purchase price of their home and ALL the interest they are paying on their mortgage.
David and Val discuss...... 1. How to be mortgage free in as little as 5 to 10 years 2. How to not only pay off your home mortgage, but also recapture every dollar that you paid for your home. 3. In addition to the above strategies, you will learn how to recapture EVERY dollar in interest that you are paying on your current home mortgage. In Summary...... Listen to David and Val discuss how you can literally pay off your mortgage early, recapture every dollar you paid for the home and recapture ALL of the mortgage interest most people assume is unavoidable. Remember to text "DLShow" to 90210* for your chance to win free gourmet coffee from G3Coffee.com
**NOTE This Show Includes Bonus Content*** To listen to the bonus segment, simply click on "Extras" from your IPhone or Android App. Tune in as David continues "off air" what he began "on air" on KARN 102.9FM. Before listening to the bonus content, be sure to listen to the entire show. After that, pick up with the bonus segment. (The Magic of Technology:-)
During this show David talks about: Big Ticket Items: Over a lifetime, how one makes their major capital purchase can end up transferring money, unknowingly and unnecessarily. The way you make your major purchases in life can have a tremendous impact on your ability to accumulate wealth over time.
Most people focus on managing their assets, but very few, realize that managing their debts is equally important.
Listen in as David shares "Out of The Box" ideas that most likely you have never given thought to.
David talks about:
The three ways to handle major capital purchases. The way you go about financing things in life can have a dramatic effect on one's ability to accumulate wealth.
Remember, text "DLShow" to 90210 today. You could win free coffee from G3Coffee.com
This is the first official " David Lukas Show" (Thanks J.T. for the intro) In light of this, David spends most of the show talking about a book that shaped much of the way he views life. Specifically when it comes to that one emotion that all humans have to deal with: FEAR. The book is called Feel The Fear And Do It Anyway.
What is holding you back from accomplishing your goals? Are you fearful of making decisions...... Fearful of asking your boss for a raise.....facing the future? Not happy with your current situation? Is there something you want to do but fear keeps holding you back? For many people it's quitting their job and starting a business or possibly it's giving up that salaried position for a 100% commission based income. Is fear keeping you from experiencing life the way you want to experience it?
Listen in as David covers the five truths about fear:
Truth #1 The Fear will never go away as long as you continue to grow and make progress.
Truth #2 The only way to get rid of your fear of doing something is to go out and do it!
Truth #3 The only way to feel better about yourself is to go out and do it!
Truth #4 Not only are you going to experience fear whenever you are in unfamiliar territory, but so is everyone else!
Truth #5 Pushing through fear is less frightening than living with the underlying fear that comes from a feeling of helplessness!
Tune in to hear David talk about these five truths.
David talks about the show's evolution. Most of the show this PodCast is dedicated to David talking about his business background, his passions and what brought him to where he is today.
Remember, to interact with David, Text "DLShow" to 90210 along with your question or comment.
You can also email David at: David@DLShowOnline.com
(Remember, you can access all links by selecting "Extras" in your Android or Iphone App.)
This week, David interviews William Beach from The Heritage Foundation's Center for Data Analysis. Specifically, David and William discuss the recently released Index of Dependence on Gov.
You can read the Report for yourself HERE
Some points of discussion David and William talk about include:
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The percentage of people who do not pay federal income taxes, and who are not claimed as dependents by someone who does pay them, jumped from 14.8 percent in 1984 to 49.5 percent in 2009. This means that in 1984, 34.8 million tax filers paid no taxes; in 2009, 151.7 million paid nothing. (Yes you read that right!)
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How long can our form of representative government survive in light of these facts?
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If those who aren't paying any taxes are the same group who are getting significant benefit checks from the federal government, it becomes a very dangerous fiscal situation. Government programs quickly morph into programs that politicians readily embrace.
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The IMF has warned the U.S. that it will need to cut it's spending MORE than Greece or risk financial calamity. Why are our leaders not heeding the warnings of the dire situations that WILL ensue if we don't rapidly change course.
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Will we see civil unrest ensue here in the U.S. when the cuts occur by necessity rather than in a controlled manner?
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70.5% of ALL government spending is dedicated to dependence creating programs.
and much more................
David briefly talks about his recent Blog Post and the ever evolving mortgage market.
David is back in the country this week. He took a trip to Tegucigalpa, Honduras. David went with a group of people and spent a week working on a construction project on the only deaf school in Teguicigalpa. In fact, there are only two deaf schools in the entire country of approximatly 8 million people! Needless to say the majority of deaf Hondurans grow up with no means of communication with even their own families. (See some pics from David's trip below)
The name of the deaf school is Happy Hands Deaf School which is a ministry of New Life Deaf Ministries.
In the spirit of giving back, David and Heath also invited Micahel Drake with the Cities of Service Initiative.
More about Cities of Service: Little Rock is a member of Cities of Service, a bipartisan coalition of over 120 mayors who have committed to work together to lead a multi-year effort to expand impact volunteerism. In June 2010, Little Rock was awarded a Cities of Service Leadership Grant, (Little Rock is one of only 20 cities chosen) Mike came on board in October of 2010 to help develope a comprehense Cities of Service plan for the City of Little Rock. In March of this year, the city launched this high-impact service plan and a new website that connect volunteers with organizations working in the areas of greatest need in Little Rock. For more information visit LittleRockServes.org
This show originally aired on 06/17/2009. The Show aired as The Family Money Show.
With all the talk in the news about the trillions of dollars our federal government is spending in an attempt to revive our economy, it poses the question: how will spending all this money affect your family? To answer these questions we invited Tad DeHaven from the Cato Institute onto the show. Tad is an expert on federal and state budget issues.
ASK THE EXPERT: Tad Dehaven: With all the talk in the news about the trillions of dollars our federal government is spending in an attempt to revive our economy, it poses the question: how will spending all this money affect your family? To answer these questions we invited Tad DeHaven from the Cato Institute onto the show.
Some of the questions David and Heath asked Tad include:
-Will the stimulus package work? Will it create jobs?
-What should Washington be doing instead of the massive spending deficits?
-What can a taxpayer do about this very serious issue?
About Tad Dehaven:
Tad DeHaven is an expert on federal and state budget issues. Previously he was a deputy director of the Indiana Office of Management and Budget and a policy analyst with the National Taxpayers Union. DeHaven also worked as a budget policy advisor to Senators Jeff Sessions (R-AL) and Tom Coburn (R-OK). His articles have been published in the Washington Post, Washington Times, and National Review. Tad currently is a Budget Analyst at The Cato Institute. Tad is also a frequent guest on national media radio and TV shows. To learn more about Tad and to view more of his media appearances go to:www.Cato.org/people/tad-dehaven
The concepts of solvency, sustainability, and budget impact are common in discussions of Social Security, but are not well understood. Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits... adjustments to taxes or benefits that offset the effects of the lower birth rate may restore solvency for the Social Security program on a sustainable basis for the foreseeable future. Finally, as Treasury debt securities (trust fund assets) are redeemed in the future, they will just be replaced with public debt. If trust fund assets are exhausted without reform, benefits will necessarily be lowered with no effect on budget deficits.
— Chief Actuary of the Social Security Administration.
This week on the David Lukas Show, David continues the theme of Who’s Supporting You... Who Can You Trust by talking about a very important player in retirement. Social Security. And why is Social Security a vital part of planning your retirement correctly? It’s crucial because depending on when and how you choose to start collecting your benefits can greatly affect the security of your financial future.
Important topics discussed in today’s show:
- Social Security, the history
- When, why, and how Social Security affects your finances
- Concerns about the solvency of Social Security
- How Social Security impacts upon your retirement planning
- How the WorryFree Retirement® provides security in retirement
To get all of this important information, and more, listen to the entire episode today.
Articles referenced on today’s show:
PDF: When You Should Claim Social Security
Wikipedia Article: Social Security Trust Fund
Important information from last week’s episode:
Who are the five players in retirement ? The five players in retirement are as follows:
- The Government- offers support via Social Security, Medicaid, Medicare
- Your Employer- offers support by offering a defined benefit plan (pension) or a defined contribution plan (401k plan).
- Wall Street- provides opportunity for growth of investments, but no guarantees.
- Insurance Company(ies)- focused on guarantees and certainty
- Bank(s)- offers support by having a “safe” place to keep money.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
Retirement security was often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.
—Sander Levin
This week on the David Lukas Show, David talks about another important player in retirement. Your employer. And why is your employer such an intricate part of planning your retirement correctly? Because they are the ones who not only provide the financial support you need in the present but also the financial support you’ll be needing in the future.
Important topics discussed:
- What a pension was/ is
- When, why, and how the pension came to be
- Why annuities are like pensions
- How the WorryFree Retirement® provides security in retirement
To get all of this important information, and more, listen to the entire episode today.
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. It’s unlike anything else in the industry. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
The 3 Personalities of Money®:
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Free Annuity Decision Guide:
STILL NOT SURE WHAT ANNUITIES ARE BEST FOR YOU? Get the Annuity Decision Guide for Savers today by clicking here!
It happens all the time. More and more retirees and/or soon to be retirees don’t have the savings to retire without going back to work or, to their surprise, they’re outliving their money. Planning proactively is the best most effective way to save and prepare for the future. Throughout the hour, David talks about how important it is to plan proactively for retirement. He explains that having a strategy can be the difference between living securely and living in squaller. Here are David’s...
Top 9 Reasons People Go Broke in Retirement:
- Not having a comprehensive game plan.
- Not planning for rising healthcare costs.
- Not having a strategy in claiming Social Security benefits at the optimal time.
- Fees that whittle your savings down to cents. Unnecessary fees with no value in return can drastically affect your investments in retirement.
- Having too much money in the Market with high risk investments.
- Living a lot longer than expected.
- Not planning on the taxes that will be paid according to the type of retirement account held. (not coordinating withdrawals of various accounts)
- Not having a diversified portfolio.
- Ignoring taxes all together
To hear more, listen to the entire show right now!
Remember, it is possible to generate income after retirement. You just need to plan with someone who knows how to get you there.
Attention Arkansas listeners age 60 and up!
Request your FREE 2017 social security guide (45th edition) by calling (501) 218-8880 today! Or by going to SSBenefitsGuide.com
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.
Retirement can be tricky. And making mistakes in planning your retirement—or worst yet a complete lack of planning—can be devastating. Too many Americans are currently, and unknowingly, putting too much of their retirement hopes, dreams, and funds straight into the government’s pocket!
Unfortunately, what many soon-to-be retirees don’t know is that their 401k has a very unpleasant surprise in store when they’re ready to cash it in. Not to mention, how the IRS collected over 5 billion dollars in penalty fees for individuals that chose to (or needed to) access their own money by cashing in on a 401k early.
This week, on the David Lukas Show, David discusses just how important it is to know exactly what your 401k(s) will and won’t be doing for you once you retire.
Throughout the hour, David elaborates upon the specific entities that we, as potential retirees, can rely on. This includes entities such as: govt., employers, Wall Street, banks, insurance companies, and financial advisors. And with all of these different entities in play, who can be trusted and relied upon?
*This installment of the DL Show is filled with great information and tips on how you too can retire WorryFree® Listen to entire episode here online today! You won’t be sorry that you did!
Are you a saver that’s interested in safeguarding your future retirement funds with a customized plan you can understand? If the answer is yes, call David Lukas Financial at 501-218-8880 today!
Not sure if you’re a Saver, an Investor or a Speculator? Find out your financial DNA today at 3Personalities.com
Not that long ago, we were able to count on our employers in retirement. With Social Security potentially becoming less of a support and the decline of pension plans (Defined Contribution Plans) and the rise and popularity of defined contribution plans (Primarily 401k’s), when it comes to planning for the big R, who should you be putting your faith and trust in? This week, on the DL Show, our host David talks about the five players in your retirement and the roles that each one plays. Who are these players you ask? The five players in retirement are:
- The Government – offers support via Social Security, Medicaid, Medicare
- Your Employer – offers support by offering a defined benefit plan (pension) or a defined contribution plan (401k plan).
- Wall Street – provides opportunity for growth of investments, but no guarantees.
- Insurance Company(yes) – focused on guarantees and certainty
- Bank(s) – offers support by having a “safe” place to keep money.
- Financial Advisor/ Retirement Planner – offers support by planning your retirement ethically and responsibly.
Curious about how each of these players work within the WorryFree Retirement®? Listen to the entire episode today. You don’t want to miss it.
Q&A With DL Show Listeners:
Q: Hey David, I heard I’m making 7% on my annuity. How is this possible? What does this mean? And how can I trust this information?
Do you have annuity, tax, or investment questions? Would you like to know more about the WorryFree Retirement® ? We have information and answers. Get all of your financial queries answered by calling David Lukas Financial, at (501) 218-8880, and setting an appointment with David right now.
3 Personalities of Money
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
Get the Annuity Decision Guide for Savers today by clicking here!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® It’s the only process in the country Dedicated To Helping Savers Worry Less About Money®
Are you ready for retirement? Have you saved the sufficient funds now needed to enjoy life after work? If you have, you’re ahead of the game. If you haven’t, there are options available to you that will secure a well-deserved retirement that truly is WorryFree®. Because the Stock Market is currently…uncertain, it has never been more important to both safeguard and access YOUR money on your own terms.
This week on The David Lukas Show, David, with the help of his partner and mentor Tony Walker, discusses many of the options available to Savers in preparing for retirement. David and Tony explain and expand upon the concept of attacking The Four Costs of Money. They key idea being: reducing expenses that people aren’t even aware of—especially the internal and external rates of return.
According to Tony, to many investors focus on the internal rate of return without knowing all the negative costs that are adversely affecting valuable gain. Unfortunately, when it comes to investments 401ks and IRAs, if you don’t manage your costs the amount of return doesn’t matter.
During the second half of the show, David addresses important questions and issues brought to his attention by DL Show listeners. Topics discussed in this week’s show include the following:
- The 4 Costs of Money
- Reducing expenses
- In-Service Distribution
- In-Service Non-Hardship Withdraw
- Hybrid Annuities
If any–or all–of these topics interest you, listen to the entire show here on DLShowOnline.com today!
To learn more about how David Lukas Financial can benefit you and your retirement portfolio, call David Lukas, (501) 218-8880, today. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: 3Personalities.com
And remember, in the concept of ownership a dollar has no value until it’s converted into cash and used.