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
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.
){kind=link}
Self-Promotion book to sell you a LIRP Thereâs no way the average consumer can understand a LIRP. They are way too complex and convoluted so you canât determine the true costs. Thatâs why insurance salesmen have to SELL it to you. His taxable bucket strategy doesnât even discuss the HUGE tax advantages of long term capital gains. Probably because it competes with his LIRP he wants to sell you. Iâll give you the choice of following this âexpertâ or Warren Buffet. Warren says put your money in a passive S&P 500 index ETF and donât…
Disappointed It is an interesting concept and has some merit but the book is almost exclusively designed to be used as a sales tool for financial advisors who want to sell life insurance as a retirement plan. The book completely glosses over the fee structures within LIRPs (Life insurance retirement plans) and tries to push the idea of life insurance all throughout the book. Also, the book does not spend hardly any time explaining the risks of a LIRP while at the same time suggests you should redirect…
Ignores the 10% and 15% tax rate brackets. I thought this book was great…until I realized that it ignores the 10% and 15% tax rate brackets.A large portion of the book tells you that if you are going to have more income than your standard deduction/exemption in retirement you do not want to have any tax deferred money like a 401K. He explains that when it comes to the money you want to invest, if you are paying a 25% Federal tax rate now, you will likely be paying at least a 25% rate in the future and when you do the math…