Can you predict the future? No? Don’t feel bad, most of us can’t. But there is something you can do that is a sure thing when it comes to safeguarding your hard earned retirement funds. Curious yet?

This week on the David Lukas show, David talks about the advantages and disadvantages of converting your 401k or IRA into a Roth IRA. Throughout the hour David explains how some experts believe it’s a no brainer. Not only could you save thousands of dollars in taxes but A ROTH IRA could also offer many other significant advantages that you don’t get from your current IRA or 401K.

The main question is: To convert or not to convert to a Roth IRA?

Perks to a Roth IRA:

• Tax free income in retirement
• No required distributions (in fact you NEVER have to withdraw, leaving a tax free inheritance to beneficiaries).
• Potential minimization or elimination of taxation of Social Security Benefits

Tune into to hear David talk about Roth IRA conversions as a part of a pro active tax-strategy in retirement. Listen to the entire episode today!

INFORMATION STATION:

What Is A Roth IRA?

A Roth IRA is a special retirement account where you pay taxes on money going into your account and then all future withdrawals are tax free.

Like beauty, the benefit of a Roth IRA is in the eye of the beholder and it all depends on the beholder’s tax bracket--both now and when he or she retires. Although there is no up-front tax deduction for Roth IRA contributions as there is with a traditional IRA, Roth distributions are tax-free when you follow the rules. And because every penny you stash in a Roth IRA is your money—not a tax-subsidized gift from Uncle Sam—you can tap your contributions (but not your earnings) any time tax-free and penalty-free.

Roth IRAs make the most sense if you expect your tax rate to be higher during retirement than your current rate. That makes Roth IRAs ideal savings vehicles for young, lower-income workers who won’t miss the upfront tax deduction and who will benefit from decades of tax-free, compounded growth. Roth IRAs also appeal to anyone who wants to minimize their tax bite in retirement as well as older, wealthier taxpayers who want to leave assets to their heirs tax-free.

You can contribute to a Roth IRA at any age as long as you have earned income from a job. (Info via rothira.com)

Some people if they make too much income may not be able to contribute to a ROTH. This is where a ROTH conversion can be very beneficial as there is no income limit to convert to a ROTH.

Get the NEW 2017 Social Security Guide (45th Edition) for FREE

The “2017 Guide to Social Security” is the perfect resource to learn everything you need to know about Social Security and how to get the most out of your benefits. This guide includes all updated information for the new year.

The dream of a financially secure retirement starts with knowing that Social Security will provide over 50% of many retirees’ income. That’s why you NEED to know how it works.

Get your free customized Social Security analysis report here!

Do you have any idea how much risk you are facing in retirement? 80% of people are not in Call all David Lukas, (501) 218-8880, today to setup a  no cost, no obligation meeting with David Today.

How long are you planning to live on God’s green earth? Don’t know? None of us do. But there’s one thing that you should know: healthy living does not guarantee a long life, just as hoping your retirement plan will benefit you, without implementing the proper planning it takes to ensure it.

On this week’s installment of the David Lukas Show, David talks about how important longevity planning is to your financial future. In fact, many Americans fear outliving their retirement savings and in today’s economy it’s not irrational.

Throughout the hour, David reiterates how important the ability to generate income, after retirement, is because of how uncertain the future may be.

To hear what David Lukas, Little Rock’s own, has to say about longevity planning listen to the entire episode today.

Want to know more about how David Lukas Financial can help you put a safe and secure game plan together that you can count on? —call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. Remember, there’s never a fee or obligation to meet with David.

The 3 Personalities of Money®:

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

Free Annuity Decision Guide:

Curious to know what The Annuity Decision Guide for Savers is all about? Click here!

Last year, the stock market saw its worst opening week for a new year EVER. In a series of unbelievable events—Brexit, some of the lowest interest rates in history, the election of Donald Trump, terrorist attacks...—2016 was surprising to say the least. So what’s in store for 2017? A new recession? A currency collapse? If something unpredictable happens to our economy, are your retirement savings safe?

This week, on the David Lukas Show, David talks about all the unpredictable things that are not in our control financially. Throughout the hour our host talks in detail about the...

7 ways to be proactive in protecting your money and insulating yourself from disaster

1. Getting a Financial Advisor
2. Planning when to take Social Security at the right time
3. Preparing for taxes after retirement
4. Diversifying your portfolio
5. Considering an annuity
6. Creating an income plan
7. A means to generate income in retirement

To hear about each way you can protect yourself and your hard earned retirement funds, in detail, listen to the entire show today!

Free Annuity Decision Guide:

Curious to know what The Annuity Decision Guide for Savers is all about? Click here!

Attention Arkansas listeners age 60 and up!

Request your FREE 2017 social security guide (45th edition) by calling (501) 218-8880 today! Or by going to SSBenefitsGuide.com

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. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.

With every new year comes the resolution(s) to make life better...in all things. Whether it be fitness, family or financial, now is the time to make changes where needed. And who doesn’t want to make some changes financially?

Perhaps you just want to spend less and save more? Maybe you’re ready to get rid of all your credit card debt? Possibly, you’re tired of taking a back seat in your retirement planning? If you’re ready to take charge of your financial life in 2017, you’ll want to listen to this week’s show!

Topics discussed in today’s episode:

• Social Security and the changes that will be made in 2017
• How to create a financial game plan
• Setting up a forward thinking tax strategy
• Establishing an emergency fund
• Making sure your plan is up to date

Get the NEW 2017 Social Security Guide (45th Edition) for FREE

The "2017 Guide to Social Security" is the perfect resource to learn everything you need to know about Social Security and how to get the most out of your benefits. This guide includes all updated information for the new year.

The dream of a financially secure retirement starts with knowing that Social Security will provide over 50% of many retirees’ income. That’s why you NEED to know how it works.

Get your free customized Social Security analysis report here!

HOW WOULD IT FEEL IF YOU KNEW EXACTLY WHEN YOU COULD RETIRE AND HOW LONG YOUR MONEY WILL LAST? David Lukas Financial can help you put a safe and secure game plan together that you can count on. Call all David Lukas, (501) 218-8880, today to learn more about The WorryFree Retirement® process. Remember, there’s never a fee to meet with David and explore our options.

Free Annuity Decision Guide:
Curious to know what The Annuity Decision Guide for Savers is all about? Click here!