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:

1. Fees – know and understand the fees you are paying
2. Taxes – know and understand how much you are paying on what
3. Premiums – know and understand the projected fees your FA could/will earn
4. 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 (43^rd 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!