The Power Of Zero Show

The Power Of Zero Show

davidmcknight.com
Tax rates 10 years from now are likely to be much higher than they are today. Is your retirement plan ready? Learn how to avoid the coming tax freight train and maximize your retirement dollars.


How a Piecemeal Internal Roth Conversion (PIRC) Could Save Your Retirement
Aug 5 • 22 min
The Piecemeal Internal Roth Conversion (PIRC) may be indispensable to your retirement plan. There are two massive risks that could waylay your retirement journey and prevent you from living a happy and stress free retirement. The first is tax rate…
Can You Be Too Old to Implement an LIRP?
Jul 29 • 15 min
David often gets the question of whether a person can be too old to implement an LIRP and like most questions the answer is “it depends”. There are a number of great reasons to implement an LIRP, but you have to keep in mind that it’s not a…
What to Expect if Joe Biden Gets Elected
Jul 22 • 20 min
In past episodes of the podcast David described the impact of a blue wave in the upcoming November election and what may happen to your finances if Joe Biden becomes the next president. The first major change would likely be the loss of the stepped up…
What Is Time-Segmented Investing?
Jul 15 • 19 min
Time-segmented investing is a critical concept in the Power of Zero paradigm. The traditional approach says that you can have an investment portfolio balanced in such a way as to protect against systemic risk, but this approach has a serious risk…
What Dalio, Cooperman, Slott, Kotlikoff and Swedroe Have Recently Said About the Future of Tax Rates
Jul 7 • 15 min
David Walker has been saying that tax rates are going to have to double since 2008. We didn’t do that. So that means the national debt will continue to accumulate until we reach $53 trillion, at which all the money flowing into the Treasury will…
What is a Before and After Comparison? (And Why You Might Need One)
Jun 30 • 15 min
The Before and After Comparison is an indispensable part of the financial planning process and you can get help with yours over at . The comparison is made up of three different projections within some sophisticated financial planning software of…
Will Taxing the Rich Alone Solve Our Fiscal Challenges?
Jun 23 • 17 min
Every once in a while the idea of fixing all our fiscal problems by taxing the top 1% of the population is proposed, but it’s time to do the math and see if it’s true. The Committee for a Responsible Federal Budget put out a report a few years…
My Family’s Escape from Puerto Rico Following Hurricane Maria (and Financial Lessons Learned)
Jun 16 • 14 min
David moved his family to Puerto Rico about three years ago and within six weeks of arriving they experienced something that completely changed their lives. It’s been three years since Hurricane Maria hit Puerto Rico, but there are still residents…
Anticipating an Inheritance? Here’s How to Plan for Tax Efficiency
Jun 9 • 17 min
Not everybody is going to get an inheritance but there are some very important strategies you can implement to minimize your taxes if you are going to receive one. The ultimate goal of the IRS, no matter how you inherit money, is to get all of the…
What Is the Coronavirus-Related Distribution (CRD) Roth Conversion Loophole (And Should You Do It?)
Jun 2 • 13 min
A Coronavirus-Related Distribution (CRD) is any distribution by a person diagnosed with Covid-19, this can also include a spouse or dependent. Alternatively, if you’ve been adversely affected by the Coronavirus in some way, for example being…
What Happens if the U.S. Defaults on Its Debt?
May 26 • 16 min
The US is very likely to default on its debt at some in the future, but we’re just not sure exactly when. What we do know is that the sooner it happens to smaller the impact will be, but that doesn’t seem like it’s going to be the case. The…
How to Turn the 2020 Waived RMD In Your Favor
May 19 • 13 min
The federal government has waived the Required Minimum Distributions for 2020. There are 20% of Americans who don’t spend their RMD’s which means that 80% of the population relies on those RMD’s to pay for daily expenses. This change affects…
The Morality of the 0% Tax Bracket
May 12 • 14 min
Can you be in the 0% tax bracket and still be a good citizen?’ is a common question that David gets fairly frequently. David relates an exchange he had with a listener on Facebook where they stated that paying less taxes is inherently selfish and…
How Long Will the Step-Up-Basis Loophole Last?
May 5 • 15 min
Families that aren’t quite rich enough to be affected by the Estate Tax, but have built wealth over time, have another benefit available to them called the step-up-basis loophole. Essentially, what happens with the step-up-basis loophole is when you…
Should I Do a Roth 401k?
Apr 28 • 15 min
Should you be contributing to your Roth 401(k)? The short answer is yes because anything with the word Roth in front of it is truly tax-free. What does it mean to be truly tax-free? Roth 401(k)’s pass both litmus tests for what makes something…
Should a Single Person Own an LIRP?
Apr 21 • 13 min
Under what circumstances should a single person want to own an LIRP? There are a number of scenarios where it can make sense, but it definitely depends on the individual’s situation. We have to remember the primary motivation for having life…
Should I Fund My LIRP or Annuity While the Market Is Down? with David McKnight
Apr 14 • 15 min
David often gets questions from people asking why they would want to liquify their investment portfolio to fund their annuity, especially now with the markets being down due to the coronavirus. There is an inverse relationship between stocks and…
What You Need to Know about the COVID-19 Stimulus Bill with David McKnight
Apr 7 • 14 min
Investors need to understand the latest coronavirus stimulus bill that was just passed. Investors can now take out up to $100,000 from their 401(k) or IRA prior to age 59 and a half without any penalty. The bill has also increased the loan size you…
Why Now Is the Perfect Time to Do a Roth Conversion with David McKnight
Mar 31 • 15 min
The coronavirus downturn in the market is actually the perfect time to do a Roth Conversion because of the double sale that’s going on. The first sale involves the next six years where we get to enjoy the lowest tax rates we are likely to see in our…
Can the LIRP Serve as the Bond Portion of Your Portfolio? with David McKnight
Mar 24 • 17 min
A common question that David gets fairly frequently is whether or not the LIRP can be a substitute for the bond portion of a portfolio. A lot of people are funding their LIRP’s out of stock market portfolios that are growing at an average rate of…
My Thoughts on the Coronavirus with David McKnight
Mar 17 • 16 min
The two single greatest threats to your retirement are tax rate risk and longevity risk. The Power of Zero paradigm is the unified approach to mitigating both of these risks. As of March 9, 2020, the stock market is down 19% from its peak in February…
An Ominous Warning from the U.S. Comptroller General with David McKnight
Mar 10 • 16 min
It’s easy to forget how bad the fiscal situation of the United States actually is unless we are being constantly bombarded by experts telling us the truth of the matter. A recent article details a coming report from the Comptroller General. Come…
The Perils of Paying Long-Term Care Expenses from Your Tax-Deferred Bucket with David McKnight
Mar 3 • 19 min
If you’re between the ages of 50 and 65, there is a good chance that you have at least one parent or in-law that is going through a long-term care event. This may lead you to wonder how you are going to deal with your own long-term care events in…
Is Your Annuity in the Wrong Bucket? with David McKnight
Feb 25 • 20 min
99.5% of all annuities are not in the right bucket. There are many reasons to use an annuity: they can be safe and productive, they safeguard against market risk while participating in the upward movement, and many people use them for a guaranteed…
How Life Insurance Will Replace the Stretch IRA with David McKnight
Feb 18 • 18 min
Historically, people who had large IRA’s, and who didn’t want their beneficiaries to squander their inheritance all in one year, could use a trust to make sure the funds were released over the course of their lifetime. However, due to the recently…
Is The 4% Rule Still Viable? with David McKnight
Feb 11 • 19 min
The 4% Rule originated with a man named William Bengen in 1994. He looked back and noticed that people were withdrawing from their portfolios at a very haphazard rate. Prior to 2005, a common way people used to determine how much they could withdraw…
The Difference Between Tax-Deferred and Tax-Free with David McKnight
Feb 4 • 15 min
David gets the same question nearly every single week. Someone invariably asks about how if they do a Roth conversion, won’t they have less money working for them in the tax-free bucket and need more time to catch up compared to had they just left…
Could the Federal Government Take Away Your Roth or LIRP? with David McKnight
Jan 28 • 15 min
David prefers to be a clear-eyed realist and face things head on, mincing words about the fiscal situation of the United States would be a disservice to everyone. One of the big things that people have asked about after the previous episode is whether…
What You Need to Know About Tax Changes in 2020 with David McKnight
Jan 21 • 19 min
The new year brings important changes to the IRS tax code along with various thresholds that we have to know about when it comes to Power of Zero planning. We have to be keenly aware of these thresholds because they can end up being landmines if…
Is Our Country’s Fiscal Condition Past the Point of No Return? with David McKnight
Jan 14 • 24 min
For a grim depiction, check out this article about the future of the US government’s debt situation. The US government reached the tipping point at least fifteen years ago where the only way out will be default. People who calculate debt for the US…
The SECURE Act Passes–Implications for Power of Zero Planning with David McKnight
Jan 7 • 24 min
The SECURE Act was passed a couple of weeks ago and we now know what it’s implications are. The big thing that everyone is talking about is that it eliminates the lifetime stretch provision for non-spouse beneficiaries of IRA’s, 201(k)’s, and…
Will the POZ Approach Increase My Medicare Premium? with David McKnight
Dec 31, 2019 • 13 min
One of the most common questions that David gets is regarding what happens to the Medicare Part B premium if someone engages in a Power of Zero tax strategy. Are there unexpected consequences of shifting money from tax-deferred to tax-free? When you…
Will the Power of Zero Approach Still Be Valid after 2025? with David McKnight
Dec 24, 2019 • 14 min
Once you get past December 31 of 2019 you will only have six years left to reposition dollars from tax-deferred to tax-free before tax rates go up for good. Every year that goes by your timeline gets shorter. The question that David gets all the time…
Last Call For Roth Conversions! with David McKnight
Dec 17, 2019 • 17 min
The last weeks of December are critical in terms of taking advantage of your last opportunities to do Roth conversions for the 2019 tax year. Many people think you can go all the way until December 31 but that’s not always going to be the case. Some…
If Taxes Are Supposed to Go Up, Why Did They Just Go Down? with David McKnight
Dec 10, 2019 • 12 min
David gets a number of emails from listeners saying that he’s been wrong for years and the central thesis of the Power of Zero paradigm is incorrect. The question is, do the tax cuts of 2016 delegitimize what he and others have been saying? In…
What Is a Risk Multiplier? with David McKnight
Dec 3, 2019 • 21 min
When someone is talking about a risk multiplier, they are essentially talking about longevity risk. The longer you live, the more likely it is for you to experience a subset of risks that could completely derail your retirement plan. There first major…
When Bumping from a 12% to a 22% Tax Bracket Makes Sense with David McKnight
Nov 26, 2019 • 16 min
David is generally very reluctant to recommend something that would cause someone to bump from a 12% tax bracket into a 22% tax bracket. We’re trying to avoid the tax apocalypse that’s coming down the road, and that means thinking about the…
The 12 Rules for a Power of Zero Retirement with David McKnight
Nov 19, 2019 • 17 min
Rule #1: Everyone’s situation is different, and there is no cookie cutter approach. You can’t pick up the Power of Zero book and have the exact recipe for success. It will need to be tailored to your personal situation. Rule #2: It is unlikely…
The Holy Grail of Financial Planning with David McKnight
Nov 12, 2019 • 18 min
When David is working with a client, his recommendation is to reach the zero percent tax bracket is by having 5 to 7 streams of tax-free income. These can include Roth IRA’s, Roth 401(k)’s, and L.I.R.P.’s. David often asks advisors what they…
What is the Public Pension Liability Crisis? with David McKnight
Nov 5, 2019 • 14 min
There are three words that don’t get mentioned very much, but they should scare the dickens out of you. Those words are Public Pension Liabilities. It’s a problem that is largely flying below the radar, but if you live in a state with a lot of…
What is an L.I.R.P. Conversion? with David McKnight
Oct 29, 2019 • 16 min
David becomes very uneasy when advisors recommend that their clients take the money in their IRA and convert all of it into an LIRP. The LIRP has a lot of benefits, but it really should be used in conjunction with other streams of tax-free income. The…
Meet the Politician Who Sounds Exactly Like a Power of Zero Advisor with David McKnight
Oct 22, 2019 • 18 min
There are two people today that are making waves in the national conversation for what they are saying about the national debt. This first is Ken Fisher. Ken says the debt to GDP ratio has been worse in the past and that we really have nothing to…
Should I Take the Lump Sum Option with My Pension? with David McKnight
Oct 15, 2019 • 13 min
What are the implications of taking your pension normally versus a lump sum? A lot of companies offer the lump sum as a way to get out from under the financial obligation of paying you or your spouse until you die. As a stream of income, your pension…
Why Line 10 Is My Very Favorite Line on the Tax Return with David McKnight
Oct 8, 2019 • 17 min
Line 10 on your tax return can be a great joy for you in retirement. Before the tax cuts of 2018, you may have known it as Line 43, and it simply means your taxable income. Taxable income is important to someone trying to achieve the Power of Zero…
The Hallmarks of a True Power of Zero Advisor with David McKnight
Oct 1, 2019 • 22 min
Over the years David has noticed a number of advisors who have professed to be Power of Zero advisors, but there are a number of significant shortfalls in their approach. A true Power of Zero advisor believes that tax rates are going to be higher in…
How to Get Your Social Security 100% Tax-Free with David McKnight
Sep 24, 2019 • 18 min
Social Security can indeed be taxed, despite the feeling that you’re getting taxed twice. This year, 89% of all federal tax revenue is only going to go towards four things: Social Security, Medicare, Medicaid, and interest on the debt. These are…
My Response to an Amazon Review Critical of The Power of Zero with David McKnight
Sep 17, 2019 • 24 min
When you come from a tax-deferred paradigm, it can really skew how you view the types of accounts that you are accumulating dollars in. The main thrust of the reviewer’s critique is that we shouldn’t focus on minimizing taxes if that means that…
All About MEC’s, 1035 Exchanges and Life Insurance Taxation with David McKnight
Sep 10, 2019 • 13 min
The IRS has a test called the seven pay premium test. It basically states that it’s possible to put too much money into a life insurance policy. If you fail that test than any loans that you take from your life insurance policy get treated…
Do LIRP’s Really Have High Fees? with David McKnight
Sep 3, 2019 • 19 min
The number one criticism of the Life Insurance Retirement Plan online is that the fees are simply too prohibitive, but the question is really what are they expensive compared to? The best way to compare the fees is to think about where else you could…
The Great Roth Conversion Myth with David McKnight
Aug 27, 2019 • 13 min
You will find articles on the internet that claim that if you are going to do a Roth Conversion you have to do it a number of years before retirement, because you must have the ability to recuperate the dollars you’ve paid towards tax, but that…
How the 72(t) Can Help You Get To Zero with David McKnight
Aug 20, 2019 • 15 min
There are a number of ways to get money out of an IRA before you are 59 and a half years old. One is a Roth Conversion, but the problem with that is you have to pay tax and potentially a penalty. The only other way is something called a 72(t). The…
3 Huge Retirement Mistakes and How To Avoid Them with David McKnight
Aug 13, 2019 • 15 min
There are three critical mistakes that most people make when preparing for retirement that really should be resolved beforehand. The first mistake is to assume that you will be in a lower tax bracket in your retirement years. This has been pushed by…
Reverse Mortagages with David McKnight and Harlan Accola
Aug 6, 2019 • 29 min
Harlon Accola is the National Reverse Mortgage Director for Fairway Independent Mortgage Corporation, and reverse mortgages are all he’s done for the last sixteen years. More recently he’s been training other professionals in how reverse mortgages…
15 Things You Should Know about the Roth IRA—Part 2 with David McKnight
Jul 30, 2019 • 15 min
Today, we continue last week’s discussion of 15 Things You Should Know about the Roth IRA, with Part 2. You can not take a required minimum distribution from an IRA and turn it into a conversion, you have to deposit it somewhere else. The ideal…
15 Things You Should Know about the Roth IRA—Part 1 with David McKnight
Jul 23, 2019 • 14 min
A true tax-free investment will meet two basic tests. They will first be free from every type of tax which means free from federal tax, state tax, and capital gains tax. The second thing is that the investment can’t count as provisional income. Roth…
Why Your Tax Rates Could Double (No Matter What) with David McKnight
Jul 16, 2019 • 13 min
Micheal Coleman texted a glowing testimonial to David about his latest book, “The Volatility Shield.” We often talk about why your taxes could double in an effort to keep the country solvent because of the vast unfunded obligations like Social…
The Surprising Tax Benefits of Living in Puerto Rico with David McKnight
Jul 9, 2019 • 16 min
In 2012, there were two Acts that came out in Puerto Rico that gave people massive tax incentives to move their business there. Act 20 says that if you own a qualified business and move it to Puerto Rico they will waive your federal tax, your state…
Part 2, Jonathan Krueger from Living a Richer Life By Design, interviews David McKnight
Jul 2, 2019 • 30 min
The math demonstrates that our elected officials have made promises that they can’t possibly afford to deliver on in the form of Social Security, Medicare, and Medicaid. To avoid getting voted out of office, they are likely to raise taxes…
Jonathan Krueger from Living a Richer Life By Design, interviews David McKnight
Jun 25, 2019 • 28 min
David has been in the industry since 1997, serving people and trying to insulate them from the coming tax storm. David’s wife and seven kids live with him in Puerto Rico, and he’s written several books to get the word out to the American people….
The SECURE Retirement Act: Implications for Your Retirement with David McKnight
Jun 18, 2019 • 16 min
There are two pieces of legislation that are working their way through the House and the Senate. The goal of which is to incentivize and encourage people to save more often and save earlier, but there’s more to them than that. The Setting Every…
Can You Have Too Much Money To Get To The 0% Tax Bracket? with David McKnight
Jun 11, 2019 • 15 min
The simple answer to the question of whether or not you can have too much money to get to the 0% tax bracket is no. The thing someone would be afraid of in that regard is paying so much tax in the process that it wouldn’t make sense to try to get…
A Power of Zero Case Study (Pension Example) with David McKnight
Jun 4, 2019 • 18 min
The Power of Zero paradigm changes a bit when you have a pension. The best case scenario in terms of tax rates that you are going to experience is likely to be while you’re working. Let’s say we have two 60-year-olds that want to retire in 5…
A Power of Zero Case Study (No Pension) with David McKnight
May 28, 2019 • 15 min
Let’s say we’ve got two 60 year olds that want to retire at the age of 65. They’ve got $300,000 in their taxable bucket, $700,000 in their tax deferred bucket between their IRA’s and 401(k)’s, and nothing in the tax free bucket. The first…
Five Key Takeaways of The Power of Zero Message with David McKnight
May 21, 2019 • 19 min
The five key takeaways of The Power of Zero message have evolved considerably, especially since the recent Trump tax cuts. The first takeaway is that tax rates in the future are likely to be dramatically higher than they are today. Politicians are…
When Should I Take Social Security? with David McKnight
May 14, 2019 • 9 min
When you take social security ultimately comes down to how long you are going to live. If you can accurately predict how long you are going to live you can accurately predict at what age you should draw social security. The question becomes “how do…
The Historic Timing of the Power of Zero Message with David McKnight
May 7, 2019 • 13 min
You’re saying tax rates are going up, so you mean I’ve done this all wrong? Not necessarily… you want to put money into your tax deferred bucket when the deduction means the most to you, when tax rates are historically high. You want to take…
What’s Better, A Chronic Illness Rider or a LTC Rider? with David McKnight
Apr 30, 2019 • 11 min
The question often comes up, which is better? A chronic illness rider or a long term care rider? For 50 to 65 years, the primary benefit of the Life Insurance Retirement Plan is the ability to receive your death benefit in advance of your death in…
A Conversation with Doug Orchard, The Power of Zero Documentary Producer, with David McKnight
Apr 23, 2019 • 38 min
After seeing what happened in 2008, Doug has been interested in creating films that can move the needle for society, specifically topics like the national debt, exercise, education, healthcare, and finances. In 2009, David Walker produced the landmark…
What’s Better: Traditional LTC, Asset Based LTC, or Permanent Life Insurance? with David McKnight
Apr 16, 2019 • 16 min
The best way to pay for long term care protection is by way of a permanent life insurance policy. If you die peacefully in your sleep 30 years from now someone is still getting a death benefit. You are better off dying than requiring long term care,…
Sneak Peek: The Audio of Chapter 1 of “The Volatility Shield” with David McKnight
Apr 9, 2019 • 11 min
The audio version of the Volatility Shield won’t be released for another three weeks, so David gives you a sneak peek at the opening chapter of the book. The story opens with Jack driving down the highway preparing to leave his life behind and start…
What’s Better - the Roth IRA or the LIRP? with David McKnight
Apr 2, 2019 • 17 min
Every once in a while an advisor will attempt to elevate the LIRP by diminshing the Roth IRA. They may, for example, say that the Roth IRA has some inherent limitations, including income limitations—if you make too much money or too little…
The Back Door Roth and Roth Recharacterizations with David McKnight
Mar 26, 2019 • 14 min
With a Roth IRA you have income limitations. At a certain amount of income, the amount you can put into a Roth IRA begins to reduce and at $203,000 in yearly income you can no longer do a Roth IRA. This is problematic for people that have a lot of…
My Next Book “The Volatility Shield” Releases Today! - with David McKnight
Mar 19, 2019 • 14 min
The 4% Rule says that when you retire there is a finite amount of money you can pull out of your portfolio per year if you want your money to last your life expectancy. Based on Monte Carlo simulations, that number is 4%. If you take more than 4% out…
The Four Types of LIRP’s (And How to Find the Right One for You) with David McKnight
Mar 12, 2019 • 16 min
The first type of LIRP is Whole Life. It goes back to the very beginning of life insurance and is designed to last you your whole life. You contribute money to your account and that money grows in a predictable way, earning anywhere from 3-5%. Because…
How To Implement The Power of Zero Strategy with David McKnight
Mar 5, 2019 • 16 min
The whole Power of Zero paradigm is predicated on tax rates being much higher in the future than they are today. If you don’t believe that, the Power of Zero paradigm is not one you’re likely to warm up to. Step one is to recognize that taxes will…
Should I Do A Roth Conversion? with David McKnight
Feb 26, 2019 • 24 min
Anyone can do a Roth conversion. You need to have money in an IRA. There are no income limitations. The question comes down to how much tax you want to pay. Do you feel like your tax bill will be lower or higher if you were to postpone the payment of…
What is the Fiscal Gap? with David McKnight
Feb 19, 2019 • 12 min
The basic gist of the fiscal gap is that the publicly stated national debt is $20 trillion which is more than enough to cripple our economy, but that’s not the whole picture. The fiscal gap is the difference between everything that we’ve promised…
How To Take Tax-Free Distribution From Your Life Insurance Policy with David McKnight
Feb 12, 2019 • 17 min
The question is “how can we take money out of our life insurance tax free?” Is it possible to take money out of your life insurance policy and have it feel like a distribution from your Roth IRA? Every life insurance policy allows you to take out…
Should I Use Life Insurance For Long-Term Care? with David McKnight
Feb 5, 2019 • 18 min
David believes that life insurance in most cases is the best way to handle long- term care needs in retirement. Why do financial gurus say that you need long-term care insurance? 70% of us will need long-term care in our lives. Nobody wants to save…
Four Ways To Save Our Country From Financial Ruin with David McKnight
Jan 29, 2019 • 10 min
When David speaks to his clients or the public, he’s often talking about the nation’s fiscal crisis, the national debt, and unfunded obligations. There are really only four ways to resolve our fiscal crisis. You decide what you think the most…
David McKnight’s Interview with the Nation’s #1 Financial Podcast, Stacking Benjamins
Jan 22, 2019 • 17 min
The story David tells at the beginning of the book is a tale about David Walker, the former Comptroller General for the federal government. Back in 2008 he appeared on a radio show and told them that tax rates have to double. The math says that the…
Jill Schlesinger from CBS Radio Interviews David McKnight
Jan 15, 2019 • 31 min
The best financial decision that David has ever made was to acknowledge that taxes are going to be dramatically higher in the future than they are today. David is a husband and father of seven and has been in the financial services industry since day…
The Volatility Buffer with David McKnight
Jan 8, 2019 • 14 min
The 4% rule says there is a percentage that you can withdraw from your assets once you hit retirement, and still have a reasonable expectation that your money will not run out before you die. The industry runs Monte Carlo scenarios where they look at…
Pensions and the Zero Percent Tax Bracket with David McKnight
Jan 1, 2019 • 12 min
About half of the people that David sees have pensions. The younger you are the less likely you are to have a pension. The burning question these people always have once they believe that tax rates are going to be higher in the future is “what can I…
Clark Howard Article With David McKnight
Dec 25, 2018 • 33 min
There is no retirement planning class based on the Power of Zero book, but there is one that David created. He’s taught it to hundreds of advisors across the country. The Power of Zero is not the basis of the class, but it may be a homework…
Power of Zero Documentary with David McKnight
Dec 18, 2018 • 14 min
Some people don’t read books. Creating a documentary is a way to reach those people. Plenty of people read the book but are still unconvinced that tax rates are going to be higher in the future than they are today. The documentary was a way of…
The Tax Sale of a Lifetime with David McKnight
Dec 11, 2018 • 14 min
One of the things we tell 75 million Baby Boomers preparing to retire is that tax rates are going to be higher in the future. Some people will point to the latest tax cuts and think that the urgency of David’s message is diminished. David Walker has…
The Life Insurance Retirement Plan with David McKnight
Dec 4, 2018 • 27 min
The tax free paradigm essentially says there is an ideal amount of money you should have in your taxable and tax deferred buckets. Everything above and beyond that should be systematically repositioned in the tax free bucket. The ideal amount of money…
The Power of Tax Free Investments with David McKnight
Nov 27, 2018 • 18 min
Do you believe tax rates will be higher in the future than they are today? There is about $21 trillion in the 401(k)’s and IRA’s across the country. If you were to look at the cumulative amount of money in Roth IRA’s and Roth conversions, there…
Tax Deferred Investments with David McKnight
Nov 20, 2018 • 19 min
The number one piece of information you should consider when thinking about your tax deferred bucket is what you think the tax rate will be when you take out your money. Will it be higher or lower? You may hear the argument that If you take money out…
The Taxable Bucket with David McKnight
Nov 13, 2018 • 16 min
The taxable bucket contains investments that you get to pay a tax on. Things like savings accounts, money markets, stocks, and bonds. You know your investment is taxable when you receive a 1099 from the IRS. These are not the most efficient…
The Coming Tax Storm with David McKnight
Nov 1, 2018 • 16 min
There is a massive disconnect between what people think the future of tax rates will look like and what they are doing to prepare for it. If you believe that tax rates will be 1% higher than they are today, you should have as much money as you…