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:

1. 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.
2. 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.
3. 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?
4. Social Security – When your are eligible and what you agree to take is important to planning your retirement.
5. A Budget – Planning a budget and keeping with it.
6. Consider an Annuity – Annuities may not be for everyone, but an annuity may just be perfect for you and your portfolio.
7. 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.