114: How To Retire in the 0% Tax Bracket with David McKnight - David McKnight
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 2 March 2020
⏱️ 85 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
David McKnight is a champion for the American people. He's not only warned us all about why we should expect taxes to get higher in the future, he's also taught people how to be in the 0% tax bracket when you retire. It may sound impossible, but today, David's going to walk you through exactly how to do it.
David has appeared in Forbes, USA Today, the New York Times, and on CNBC. His bestselling book, The Power of Zero, has sold over 140,000 copies. The updated edition, published in September of 2018, is now the number two most sold business book in the world. It's even been turned into a full-length documentary film also entitled The Power of Zero, which we're going to spend some time talking about today.
Today, David joins the podcast to talk about why tax rates may double after you retire (and what you can do about it), how to protect your assets from future legislative changes, and the whens, whys, and hows of Roth conversions.
Show Notes: Howardbailey.com/114
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Transcript
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| 0:00.0 | Welcome to the Retire with Purpose podcast, a show specifically designed to help pre-retirees and retirees maximize their financial confidence. |
| 0:14.4 | Casey Wheat is a certified financial planner and president of Howard Bailey Financial. |
| 0:18.3 | His newest book, Job Optional, is a Wall Street Journal bestseller and is available now on |
| 0:23.8 | Amazon and at Retirewithpurpose.com. |
| 0:26.8 | He's your host on Retire with Purpose. |
| 0:29.4 | Hey, I'm Casey, and I believe in retirement strategies that are driven by meaning and purpose. |
| 0:36.0 | Join me this week and every week as we discuss thoughts and ideas |
| 0:40.5 | with some of today's most successful retirees and experts in the field of finance. |
| 0:46.3 | These strategies can help make you better financial decisions |
| 0:50.6 | so you can live the lifestyle you've always imagined and deserve. Welcome to the show. |
| 0:58.9 | I'm very excited to offer you today's guest, David McKnight. I have been following David for |
| 1:05.2 | quite a few years as he has been a champion for the American people when it comes to ringing the |
| 1:10.2 | warning bell |
| 1:10.9 | of higher taxes in the future and what to do today so you can be in the zero percent tax |
| 1:16.8 | bracket in retirement. That's why I said zero percent tax bracket. It may sound impossible, |
| 1:21.5 | but David's going to walk you through exactly how to accomplish it in our discussion today. |
| 1:26.0 | This is a guy that has made frequent appearances |
| 1:28.4 | on television. You've probably seen him before, actually. He's been in Forbes, USA Today, the New York |
| 1:33.3 | Times, CNBC, and numerous other national publications. His bestselling book, The Power of Zero, |
| 1:39.6 | has sold over 140,000 copies. And his revised version launched in September of 2018, |
| 1:47.7 | becoming the number two most sold business book in the world, which has now been turned |
| 1:52.5 | into a full-length documentary film, also entitled The Power of Zero, which we're going to |
... |
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