Episode 148: Find The Power of Zero with David McKnight

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In this episode, we ask:

Do you have a crystal ball?
Who is David McKnight?
Have you read David’s book, The Power of Zero?
Have you seen The Power of Zero: The Tax Train is Coming?
Will tax rates be dramatically higher than they are today?
What’s the disconnect between belief and action?
What about the book?
What about the fiscal situation of the U.S.?
What about bullies?
What is the Power of Zero paradigm?
What are the five takeaways (plus a bonus takeaway)?
Are we past the point of no return?
Will tax rates go up?
What about the 0% tax bracket?
Does this technically exist?
How might you position yourself?
What about multiple streams of tax advantaged income?
What about an LIRP?
What about social security?
When are tax rates going up?
What day will tax rates go up?
Are we enjoying historically low tax rates right now?
What happens in 2026?
Is there a tax sale going on right now?
Are you willing to pay a tax?
How might we pay tax on a lower amount?
Have you thought of it that way?
Is there a better time?
Are taxes “on sale”?
What are the risks of the Power of Zero?
What could go wrong?
What do you think the future of tax rates will be?
What are the possibilities?
Aren’t all retirees in a lower bracket?
What happens to deductions in retirement?
What about the standard deduction?
Do we spend less in retirement?
What about the Roth 401(k)?
What about the LIRP?
What products and tactics and strategies does David like?
What about Puerto Rico?
What’s the challenge with a Roth IRA?
What about income limitations?
Are there income limitations with a LIRP?
How are LIRPs more flexible?
What is the standard deduction?
What about disbursements?
What about the nuances?
What about the thresholds?
Will your social security be taxed?
What about the CARES Act and the SECURE Act?
What about the tax realities under the new legislation?
What about inflation?
Does printing money solve the problem?
What about reverse mortgages?
Do kids want the parent’s house?
Have you seen David’s documentary, The Power of Zero: The Tax Train is Coming?
Have you heard David’s podcast, the Power of Zero show?
What is the future standard deduction?
What are people saying?

David McKnight graduated from Brigham Young University with Honors in 1997. Over the past 20 years David has helped put thousands of Americans on the road to the zero percent tax bracket. He has made frequent appearances in Forbes, USA Today, New York Times, Fox Business, CBS Radio, Bloomberg Radio, Huffington Post, Reuters, CNBC, Yahoo Finance, Nasdaq.com, Investor’s Business Daily, Kiplinger’s, MarketWatch and numerous other national publications. His bestselling book The Power of Zero has sold over 200,000 copies and the updated and revised version was published by Penguin Random House. When it was launched in September of 2018, it finished the week as the #2 most-sold business book in the world. In 2019 The Power of Zero was ranked as the #9 best financial resource in the country by Forbes Magazine. This book was recently made into a full-length documentary film entitled The Power of Zero: The Tax Train Is Coming. As the President of David McKnight & Company, he mentors hundreds of financial advisors from across the country who specialize in the Power of Zero retirement approach. He and his wife Felice have seven children.