*****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