If you were instantly financially responsible for your aging spouse’s or parent‘s healthcare, would you be prepared to do so? The cost of Long-Term Care (LTC) is rising fast and so are the premiums. In some unfortunate cases, LTC premium prices have doubled in the last two years prompting some policy holders to make difficult decisions when it comes to out of pocket payouts for coverage. Recent statistics state that “a private room in a nursing home now costs consumers more than $8,000 a month. That’s an increase of 5.5% from just a year ago.” A recent Investment News article states that there are three letters that spark fear into all retirees, LTC. And, according to Forbes.com, “Nearly 70% of all people that live to the age of 65 will need some type of Long-Term Care.”

This week on the David Lukas Show David takes on the uncomfortable subject of elderly spouses and parents who currently require or may need some type of Long-Term healthcare. Throughout the hour David talks about how, if not financially prepared, life longevity can create a negative snowball affect not only on your retirement but also to the legacy you may be planning to leave behind.

Talking points discussed in today’s show:

-long-term care IS NOT covered by Medicare

-longevity planning plays a critical role for your retirement

-What to do when an elderly spouse or parent suffers from cognitive decline

-What happens when there’s an alzheimer's diagnosis

-What are some possible warning signs of elder abuse and fraud

Also mentioned:

Forbes Articles discussed on the show:

#1 Relying Only On A Will

#2 Expecting Too Much From A Power Of Attorney

#3 Not Avoiding Probate

#4 Not Making Full Use Of A Living Trust

#5 Leaving Assets Outright To Adult Children

#6 Losing The Portability Of A Spouse's Unused Exemption

#7 Leaving A Messy Estate

To hear all the excellent information from David Lukas of David Lukas Financial has regarding caring for your aging spouse or parent , listen to the entire episode today.

------------------------------------------------------------------

COMING SOON! FINANCIAL ADVANTAGE UNIVERSITY:

Medicare Training Courses, via David Lukas Financial, led by our healthcare benefits specialist coming September 20th and the 21st.  (*Dates may be subject to change) CALL (501) 218-8880 today to learn more.

-----------------------------------------------------------------------

To hear all the excellent information from David Lukas of David Lukas Financial has regarding your retirement, listen to the entire episode today. 

------------------------------------------------------------------------

The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)

Want to know more —call David Lukas Financial,

(501) 218-8880, today to learn more about The DLF Retirement Advantage™ Process,  David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.

Everyday you’re being force-fed investment advice from all directions. Advice— good or bad—that if taken or not completely understood could derail your entire retirement. So when it comes to tips and advice on retirement planning how do you know what’s right and what’s wrong? How can you be certain that the plan you’ve put in place is what’s best for your financial future?

This week on the David Lukas Show, our host David Lukas talks about seven specific assumptions concerning your retirement and how, if taken for granted or misunderstood, they can not only cost you thousands when claiming your Social Security but can also cause you to overpay the IRS thousands.

Throughout the hour, David dispels some of the common assumptions and misunderstandings concerning retirement in today’s seemingly volatile market...like:

1. Exspecting Medicare will cover all of your healthcare needs

2. Believing the 4% rule is a good one and isn’t extremely risky

3. Assuming you’ll pay less in taxes when you retire

4. Thinking Exposure to stocks should be limited to just 32%

5. Thinking you won’t live as long as you may so you don’t plan for healthcare

6. Not considering the future costs of inflation

7. Presuming that you’ll need less money in retirement

To hear all the excellent information from David Lukas of David Lukas Financial has regarding your retirement, listen to the entire episode today.

The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinate to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)

Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial,

(501) 218-8880, today to learn more about The DLF Retirement Advantage™ Process,  David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.

Ignoring the importance of tax diversification will turn your taxes into a timebomb—after retirement— if you don’t plan properly. Sadly, what many retirees don’t know is that there is a big difference between tax planning and tax preparation. Instead, americans do the same thing every year...after year...after year. They pay the maximum in taxes when they don’t have to.

This week on the David Lukas Show, David talks about David Walker (a former Comptroller General...basically the CPA of the Fed, head of the Government Accountability Office under Bush and Clinton) and his knowledge of our national debt. According to Walker,“We’ve (speaking of the fed) promised way more than we can deliver.”

Throughout the hour David discusses the many different ways you can save for retirement and how there are ways to LEGALLY safeguard your retirement when taxes do inevitably rise.

To hear all of David’s useful advice on how to effectively diversify your portfolio in preparation for taxes after retirement, listen to the entire show today!

David Lukas Financial’s recent blog post that’s mentioned in today’s show:

The Four Letter Word That Will Derail Your Retirement And How To Fix It

If any one of these tax issues  were placed before you, would you be prepared? David Lukas Financial specializes in strategies designed to help you prepare for uncertainty in retirement. Want to know more about The WorryFree Retirement® process? Call David Lukas, (501) 218-8880, today to learn more about what David Lukas Financial can do for you. *Conveniently located right here in North Little Rock, Arkansas.

-------------------------------------------------------------------------

Are you interested in the Required Minimum Distribution Guide? Call David Lukas Financial at 501-218-8880 or email davidlukas@davidlukasfinancial.com today.

-------------------------------------------------------------------------

The Guide to Social Security can help you understand how to keep up to 32% more of your money for retirement. Since you have a choice of when to start Social Security and also your individual or employer-plan qualified retirement money, can be coordinated to maximize your Social Security. Request your Free Guide To Social Security today! (Must be a resident of Arkansas)

-------------------------------------------------------------------------

Want to know more about how David Lukas Financial can save you money on unnecessary taxes and fees—call David Lukas Financial, (501) 218-8880, to Learn More About The DLF Retirement Advantage Process™. David Lukas Financial is conveniently located right here in North Little Rock, Arkansas.