There's a massive freight train bearing down on the average American investor, and it's coming in the form of higher taxes. The United States Government has made trillions of dollars in promises for programs like Social Security and Medicare it simply can't afford to keep. The only way to deliver on these promises is to raise taxes. It's simple math. Some experts have even suggested that tax rates have to double just to keep our country solvent. Unfortunately, if you're like most Americans, you've saved the majority of your retirement assets in tax-deferred vehicles like 401(k)s and IRAs. If tax rates go up, how much of your hard-earned money will you really get to keep?
In David McKnight's ground breaking audiobook The Power of Zero, he provides you with a step by step roadmap on how to get to the 0% tax bracket, effectively eliminating tax rate risk from your retirement picture. Why is the 0% tax bracket so powerful? Because if tax rates double, two times zero is still zero! The day of reckoning is fast approaching. Are you ready to do what it takes to experience the power of zero?
©2014 David McKnight (P)2014 David McKnight
I work with clients everyday that have worked under the traditional retirement model of strictly a growth focused strategy with little or no thought on taxes at distribution - this book hits the nail on the head.
The book is Nothing more than a sales pitch for life insurance. It's a marketing program for insurance sales people. Google his name and you will find out.
This book is an excellent introduction into the retirement taxation area of finance. I think it is best when used in conjunction with his book LIRP.
I appreciate the author's examples and how he supports the logic with math. Math is the key to better understanding how events are likely to play out. Regardless of the investment vehicle of choice, people must take a more proactive role in getting their finances in order. Using a simple, insurance product fits the average household. That's the main point I got from this book. It's simple and the math supports the logic.
I am an Enrolled Agent along with holding several other credentials. This book really does a great job at exploring other options for your retirement mainly through how your retirement could be, and is currently taxed. Where most focus on the accumulation and growth of of your retirement; I believe they fall short when it comes to how you take your distributions in retirement. Great for some additional information on a topic that typically is not factored in when you retire. TAXES.
Great advise on diversifying your portfolio. Life insurance as an investment tool. Very interesting. No one likes taxes. Any information to pay less or as little as possible are more than welcome.
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