Dave Ramsey Is Disastrously Wrong on Roth Conversions
The biggest issue with Dave Ramsey’s view on Roth Conversions, and most of his advice in general, is his one-size-fits-all approach which costs his listeners hundreds of thousands of dollars. Dave starts off on the right foot by recommending people…
Roth Conversions: Avoid This Bracket at All Costs!
We know for sure that we currently have three more years of historic tax rates. The good news is that it’s fairly likely that those tax rates will be extended for another eight years, giving us a wider window of opportunity. Congress has essentially…
Here’s Why They’re Going to Extend the Trump Tax Cuts Before 2024
The Trump tax cuts went into effect at the end of 2017, but because they lacked a supermajority of approval in Congress those tax cuts had an expiration date. David has long maintained that the government won’t let those tax cuts expire. There is a…
Strategic Tax-Free Retirement Income: A Case Study Part I
The following tax-free retirement income case study has been adapted from the book Tax-Free Income for Life by David McKnight and references The Power of Zero, also by David McKnight. In last month’s article, I reviewed a comprehensive approach to tax-free retirement income; specifically, the approach discussed by David McKnight in The Power of Zero. In this article, I’ll add to it by introducing a case study that illustrates the strategic use of the “three buckets.” This article represents part one in this three-part tax-free retirement income case study series. Let’s dive in. Mitigating Tax Rate Risk and Longevity […]
Do ALL Financial Gurus Hate Cash Value Life Insurance?
For David, financial gurus seem to hold a deep hatred for permanent life insurance – be it whole life, universal life, index universal life, or variable life. A key question to ask: with so many financial gurus against life insurance, how can we…
