Everyday retirees are making assumptions that are or could be costing them thousands of dollars in unnecessary fees and market losses. In fact, too many retirees assume entirely too much when it comes to their retirement savings and accounts. If there were guaranteed ways to save on those costs, when would you want to know about it? Right now? If so, then you’re in luck because the assumptions stop today!

This week on The David Lukas Show, our host David discusses the top five assumptions that people make in retirement that could be costing them hundreds to thousands of dollars.

The top five detrimental assumptions that retirees/ future retirees make are:

1. Assuming your broker takes your specific risk tolerance into consideration
2. Taking Social Security at the wrong time...not taking survivor benefits into consideration.
3. Assuming that your health will falter and you won’t live long
4. Assuming that your holdings (401k, Roth IRA, IRA, Mutual funds…) are outperforming or at least meeting benchmark standards.
5. Not diversifying your portfolio.

Want to know more? Listen to the entire episode today!

Attention Arkansas listeners age 60 and up:

Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at DavidLukasFinancial.com Also, get a Social Security Analysis provided by DL Financial, (FREE with coupon code: ss60) when you visit.

If you are looking for answers to questions about when you should begin your Social Security benefits, how you can manage taxation of benefits, how working will affect your benefits, or strategies to get the most out of your benefits, then you will want to sign up for David Lukas Financial’s Maximizing Your Social Security Course.

The Maximizing Your Social Security Event to be held in March on Tuesday the 7th of March and Thursday the 9th of March (evening class). Please register for the event now!

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.

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

Social Security has steadily become more complicated since its inception. Too many soon-to-be retirees have no idea what’s in store for them, when it comes to collecting on Social Security. And, how if things weren’t set up correctly, come tax time, they may end up owing a lot more than they’d planned for.

This week on the DL Show, David speaks candidly on what you need to know about the changes that have been made to Social Security for 2017 and the taxation that those distributions may or may be subject to in the future.

Throughout the hour, David discusses:

• How important it is to coordinate all of your current/future assets within your retirement.
• The practice of spending retirement assets down to avoid extra taxation.
• How SS is taxed differently—people may have to pay federal income taxes if they have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported to the IRS) along with his/her benefits.
• How single/married SS income is taxed differently.

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!

Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at SSBenefitsGuide.com. Also, get a Social Security Analysis provided by DL Financial, (FREE with coupon code: ss60) when you visit.

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!