Fees—Always A Bad Bet

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.

Poker player. Close-up of serious senior man in shirt and suspenders sitting at the poker table and holding cards with money and gambling chips laying all around himRegrettably, 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 DavidLukasFinancial.com today. Note: David Lukas Financial charges NO fees for it’s managed money services. 

For all of you visual learners out there, below is a video of the example David covered during this broadcast.