Tax-Free Income for Life

A Step-by-Step Plan for a Secure Retirement

De: David McKnight

Narrado por: Marc Cashman

The follow-up to the bestselling The Power of Zero, providing a blueprint to build a guaranteed, tax-free income stream that lasts for the long run.

American retirees face a looming crisis. We are living longer than ever before, and most experts predict a dramatic rise in tax rates within the next ten years. The hard truth is that no matter how much you save, you are likely to outlive your money or watch it be taxed into oblivion. But when traditional retirement distribution strategies won't provide sufficient income in the face of higher taxes, what can you do?

Tax-Free Income for Life lays out a comprehensive, step-by-step roadmap for a secure retirement. McKnight shows how the combination of guaranteed, inflation-adjusted lifetime income and a proactive asset-shifting strategy can shield you from longevity risk and the cascade of unintended consequences that result from higher taxes. It's an innovative and proven strategy that maximizes return while effectively neutralizing the two biggest risks to retirement savings.

If ever there were a solution for the American retiree, it's guaranteed tax-free income for life.

Amazing listen for advisors

Great multi step process and ideas to think about with long term planning for your clients or yourself

Insightful and Urgent

The book is honest about the financial condition we face as a nation. There’s no sugar coating that. It’s not a pleasant conversation but can’t be avoided. More important is how the prevailing financial situation of our country could dramatically impact our retirement hopes and dreams. It does seem qualified plans have a huge target on them that the government would love to take aim at. The strategies in this book appear sound in being able to do something to guard against those threats we all face: rising taxes, increasing longevity, negative legislation, and negative volatility during the income phase of retirement. Thoroughly enjoyed the discussion. I just wish we had a bit more time for the discussion on the solution side of the equation, but valuable nonetheless!

Outstanding

Well delivered and easily understood
NO one has aCrystal Ball but David has been studying this for years I trust his judgment above most. I met David in Des Moines Iowa during the release of The Power of Zero and I could feel the passion he has to help retirees get out of the way of the crushing tax train headed towards every retiree’s life

Insightful

This book is a must read for Financial Advisors and their clients that they serve. Allows both to take action now toward reducing Taxable income and better quality of Life.
V/R
Mike B.

Financial Education

Great narrative! Brings great awareness of importance to fix and proper wealth management. Definitely going to be breaking down the numbers with a professional now.

Great information!

This book has wealth of useful information. It is very well organized and gives detailed strategies for your future.

New Approach to Tax Free Income Streams

The author does a good job of educating the reader on new ways to create tax free income streams in retirement and the step by step process to follow. I learned a lot of new information and enjoyed it.

Highly Detailed Examples Best Viewed As a pdf

This book is filled with detailed numerical examples that support the author's thesis. Without a pdf to this audio book, I had to transcribe the examples to absorb them. Shame on Audile for not providing a pdf. An ELEPHANT IN THE ROOM, that the author omitted from his considerations of the impact of Roth conversions is Medicare IRMAA penalties. Assume a married couple makes a $40K Roth conversion, believing that their marginal tax bracket will increase 5% in 5 years, when their RMD's begin. Under that scenario, their future tax savings would be $2K. However, if that extra $40K in modified adjusted gross income, bumped them up just one IRMAA bracket, the increase in Medicare premiums would exceed $2K. This is why I did not rate this book 5 Stars across the board!

Good examples throughout

I liked this book for the examples given to create a better understanding of what and when to manage your dedicated retirement funds. I recommend having a basic knowledge of your retirement plan before listening to help broaden your perspective.

Great information

I loved the content. I feel the physical copy is necessary to utilize the charts and graphs. I would recommend this to a friend