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.