Let’s be honest…nobody likes paying Uncle Sam. I mean come on, who really wants to pay a big, fat tax bill?
That’s why you always hear me preaching about the power of Roth accounts. In a perfect world, we’d all be able to find a way into the 0% tax bracket.
While that’s unlikely, there are people out there trying to make it possible.
Today’s guest, David McKnight, has long warned that taxes in the future are likely to be dramatically higher than they are today. Given that, we need to dramatically change the way we approach retirement.
In his latest book, The Power of Zero: How to Get to the 0% Tax Bracket and Transform Your Retirement, McKnight aims to provides you with a road map of how to get to the 0% tax bracket, virtually eliminating the tax risk, which, if not addressed, will easily consume a solid portion of your retirement savings.
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, David McKnight provides you with a step by step roadmap on how you can 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 could be fast approaching. Are you ready to do what it takes to experience the power of zero?
If you have a money question, just email me!
“Better Off” is sponsored by Betterment.
“Better Off” theme music is by Joel Goodman, www.joelgoodman.com.