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Publisher's Summary

An updated edition of the self-published book that sold more than 100,000 copies, with a new chapter on the 2018 tax cuts.

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 unfunded promises for programs like Social Security and Medicare - and the only way to deliver on these promises is to raise taxes. Some experts have even suggested that tax rates will need 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 The Power of Zero, McKnight provides a concise, step-by-step roadmap on how to get to the zero percent tax bracket by the time you retire, effectively eliminating tax rate risk from your retirement picture. Now, in this expanded edition, McKnight has updated the book with a new chapter on the "2017 Tax Cuts and Jobs Act", telling listeners how to navigate the new tax law in its first year of being in effect, and how they can extend the life of their retirement savings by taking advantage of it now.

The day of reckoning is fast approaching. Are you ready to do what it takes to experience the power of zero?

Includes a PDF of charts from the book.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio. 

©2018 David McKnight, Ed Slott (P)2018 Random House Audio

What listeners say about The Power of Zero, Revised and Updated

Average Customer Ratings
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Not a retirement finance book. salespitch for LIRP

I earned a lot that i did not know. However, there is a very biased pitch for certain questionable insurance products. I read this for the adjunct things to be learned about taxes in retirement. Then I sought out other books on the topics. The purpose of this book is clearly to sell LIRPs. So read knowing that this in an infomercial. LIRP is the same tool you will hear pitched as "Bank on Yourself". Proceed with caution. There is a lot of info on line about LIRPs to help you balance what you learn here. For instance read Nerdwallets take on these insurance products.

18 people found this helpful

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Great tax strategy for retirement

Get this book at least 15 years before you retire. It is full of great tax strategies for retirement!

4 people found this helpful

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Everyone ought to read this book!

Most of us think contributing to a 401k, IRA, or some other tax-deferred account is what we’re supposed to do. I never knew this could potentially be harmful to me in the future if not done appropriately. I want to listen to this book ten more times and take detailed notes!! I’ve already purchased his next book on LIRPs specifically. Looking forward to digging into that!

4 people found this helpful

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The Power of Zero refers to 0 Tax Bracket!

I work in the financial area, and I discovered Index Annuities, which were marvelous at not losing money. I thought that was what the title referred to, so I was AMAZED when it was actually about getting into the ZERO TAX BRACKET! An Idea I have Never heard before, and realize it could be a goal for many people. And it goes together well with IUL's ie Index Universal Life plans.

I learned many many spicy tidbits, Like, You don't have to guess anymore if taxes are going up, they are guaranteed to go up when the "Tax cut and Jobs Act" Sunsets on January 1, of 2026! Nothing more needs to happen to get higher rates, as they are scheduled to return to where they were BEFORE the tax law came in to effect.

I got this Book as an Audible, and set the speed for most of it at 1.5, so I listened to half the book, in a few hours on the first night.

This Book is OUTSTANDING, and no, I had no idea who wrote this book before I got it. My company just mentions it a lot, but I had always wanted to get the book, but expected it to be about the Power of not Losing Money in Retirement. Although it is also about that, the bigger picture is more matter of fact, and shows how a person can rely on math rather than emotions to make the good decision to get away from highly taxed investments, and go to ZERO taxed investments for retirement money at least.

Mulesmurf

14 people found this helpful

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Powerful Book!

The book is filled with so much knowledge on programs and concepts that are affecting millions of people! This is a MUST READ. He uses different stories to show as examples and it makes sense. David McKnight is uniquely masterful in his presentation!!
I will be recommending to everyone I talk to!

3 people found this helpful

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powerful book

So much knowledge backed in. Would of liked a few more life examples of the scenarios. However I understand that would have dragged out the book. The fact it was quick, played a nice roll in the 5 stars. Often times these topics drag on to long.

2 people found this helpful

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MUST READ!

This book is for anyone that needs to more about preparing for the future. I have read this book twice in a month span, continue to learn more each time I read it.

2 people found this helpful

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Why don’t we learn this in school?

Amazing stuff that I wish I knew a long time ago, but I am glad I know it now. It‘s never to late!

1 person found this helpful

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Excellent book, with two shortcomings

excellent book, and gives you all of the background and information on how to actually pay zero income taxes in retirement. it is in my top 10 books of all time to read. David McKnight recommends finding a 0% income tax retirement specialist to consult, but does not answer the inquiry that I gave on his website, on how to find such a person. the type of retirement account, not mentioned at all in his book, is the Roth solo 401k. As a self-employed individual this is available to me, but I'm not sure how to utilize it, since it was never mentioned in his book. absolutely I must read book!

1 person found this helpful

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Timely and important

Powerful information that is well presented and easily digestible by non-experts. Possibly the most important financial information available.

1 person found this helpful