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, 1/4^th to 1/3^rd 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 Action  To 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.