by David McKnight
Tax rates 10 years from now are likely to be much higher than they are today. Is your retirement plan ready? Learn how to avoid the coming tax freight train and maximize your retirement dollars.
Language
🇺🇲
Publishing Since
11/1/2018
Email Addresses
1 available
Phone Numbers
0 available
April 16, 2025
Financial advisor David McKnight outlines five key rules for executing Roth conversions to minimize tax liabilities and maximize retirement savings
April 9, 2025
<p>Wondering when you should start thinking about a Roth conversion? That’s exactly what David McKnight dives into in this episode of The Power of Zero Show.</p> <p>The retirement valley is that dip in taxable income that happens after you retire but before RMDs kick in – at age 73 or 75, depending on your birth year.</p> <p>David walks through an example: you’ve got $2 million in your IRA and want to convert all of it to Roth.</p> <p>If you take action during that valley, you can convert more while staying in the 24% tax bracket the whole time.</p> <p>Not taking action now? Think of 2035 as the year tax rates are set to jump!</p> <p>Why? Because interest on unfunded promises like Social Security, Medicare, and Medicaid has to be paid somehow.</p> <p>Intrigued by the idea of a Roth conversion? Just make sure you move your money slowly enough to avoid jumping into a painful tax bracket.</p> <p>A Roth conversion helps protect you from tax rate risk – the chance that future taxes will be much higher than today’s.</p> <p>Worried about a financial collapse? A recent Penn Wharton study points to 2040 as a year to watch.</p> <p>Even raising taxes or cutting spending may not be enough to stop what’s coming…</p> <p>David says 2035 will be a turning point.</p> <p>He predicts tax rates then could look like they did in the 1960s, when the top rate hit a jaw-dropping 89%.</p> <p>There are two big reasons to take advantage of the retirement income valley while you can.</p> <p>David shares two smart strategies to help you boost your tax-free retirement plan, and make your savings last longer.</p> <p> </p> <p> </p> <p>Mentioned in this episode:</p> <p>David’s national bestselling book: <a href= "https://www.amazon.com/Guru-Gap-Americas-Financial-Leading/dp/1637746628/ref=sr_1_1?crid=3BI8MQEV3XG6Y&dib=eyJ2IjoiMSJ9.yMbhuNCcjxP9RX4DxGGt5Q.HNodfhEC4W4wnaICHETFSQIY395aINaul81fPmxeuhk&dib_tag=se&keywords=david+mcknight+the+guru+gap&qid=1721901269&sprefix=david+mckinght+fthe+guru+ga%2Caps%2C183&sr=8-1" target="_blank" rel="noopener">The Guru Gap: How America’s Financial Gurus Are Leading You Astray, and How to Get Back on Track</a></p> <p><a href="https://www.davidmcknight.com" target="_blank" rel= "noopener">DavidMcKnight.com</a></p> <p><a href="https://www.davidmcknightbooks.com/" target="_blank" rel="noopener">DavidMcKnightBooks.com</a></p> <p><a href="https://www.powerofzero.com" target="_blank" rel= "noopener">PowerOfZero.com</a> (free video series)</p> <p><a href="https://twitter.com/McKnightAndCo" target="_blank" rel= "noopener">@mcknightandco</a> on Twitter </p> <p><a href="https://www.instagram.com/davidcmcknight" target= "_blank" rel="noopener">@davidcmcknight</a> on Instagram</p> <p><a href= "https://www.youtube.com/channel/UCGxUwL7NvZUyLfgO18h3e2g" target= "_blank" rel="noopener">David McKnight</a> on YouTube</p> <p>Get David's Tax-free Tool Kit at <a href= "http://taxfreetoolkit.com/" target="_blank" rel= "noopener">taxfreetoolkit.com</a></p> <p><a href="https://www.wharton.upenn.edu/" target="_blank" rel= "noopener">Penn Wharton</a></p>
April 2, 2025
Financial advisor David McKnight discusses the optimal order for spending retirement assets to maximize longevity, in this interview
Taylor Schulte, CFP®
Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors
Jim Saulnier, CFP® & Chris Stein, CFP®
Wade Pfau & Alex Murguia
The Great Retirement Debate with Ed Slott & Jeffrey Levine
Andy Panko
Devin Carroll, CFP® & John Ross, JD
Benjamin Brandt CFP®, RICP®
Roger Whitney, CFP®, CIMA®, RMA, CPWA®
James Conole, CFP®
Morningstar
Steve Chen
Paul Merriman
Rob Berger
Michael Kitces, MSFS, MTAX, CFP and Carl Richards, CFP
Pod Engine is not affiliated with, endorsed by, or officially connected with any of the podcasts displayed on this platform. We operate independently as a podcast discovery and analytics service.
All podcast artwork, thumbnails, and content displayed on this page are the property of their respective owners and are protected by applicable copyright laws. This includes, but is not limited to, podcast cover art, episode artwork, show descriptions, episode titles, transcripts, audio snippets, and any other content originating from the podcast creators or their licensors.
We display this content under fair use principles and/or implied license for the purpose of podcast discovery, information, and commentary. We make no claim of ownership over any podcast content, artwork, or related materials shown on this platform. All trademarks, service marks, and trade names are the property of their respective owners.
While we strive to ensure all content usage is properly authorized, if you are a rights holder and believe your content is being used inappropriately or without proper authorization, please contact us immediately at [email protected] for prompt review and appropriate action, which may include content removal or proper attribution.
By accessing and using this platform, you acknowledge and agree to respect all applicable copyright laws and intellectual property rights of content owners. Any unauthorized reproduction, distribution, or commercial use of the content displayed on this platform is strictly prohibited.