What your Financial Advisor Is NOT Telling You About Roth Conversions
Today’s episode is part two of David’s interview with Power of Zero Advisor Terry DuPont. David talks about the approach many major money management institutions follow, and how it differs from how David and Terry do things. There are…
Why Diversifying Your Retirement Income Streams Matters
The Power of Diversification in Managing Your Retirement Retirement is one of the most significant milestones in life. It represents the culmination of years of hard work and savings, but it also marks the beginning of a new financial chapter. Fostering a comfortable and stable retirement requires careful planning, and a key component of that planning is creating diversified retirement income streams. Diversification can help to mitigate risks and potentially enhance financial stability during your golden years. Read on for more about why you need to develop a diversification strategy today.
Small Business Success: Financial Planning for Entrepreneurs
Managing your business finances strategically can support efforts toward achieving financial stability. Small businesses represent a crucial pillar of the U.S. economy, as they employ half of the nation’s private-sector workforce and are credited with roughly 63% of the new jobs that have been created from 1995 to 2021, as per federal statistics. Despite their pivotal role in the economy, small businesses often grapple with challenges on their path to success. To illustrate, the U.S. Bureau of Labor Statistics has documented that 20% of small businesses fail during their inaugural year, with merely one-third managing to endure the ten-year […]
Why Cash Value Life Insurance is EXPLODING in Popularity (Despite What Critics Say)
Today’s episode features some of the highlights of David’s appearance on the Your Money with David Hays podcast. David touches upon what he would focus on and how long he believes he would last if he were president of the U.S.. David’s next book…
Why You Can’t Count on a Lower Tax Bracket in Retirement
The following content is excerpted in part from The Power of Zero, by David McKnight. A great many of my clients come to me with all their retirement savings in tax-deferred accounts. They have spent years following the advice of so-called “gurus” who say things like, “It’s ok to have all your retirement savings in the tax-deferred bucket because, when you retire, you’ll be in a much lower income tax bracket than you were during your working years.” Today, I’d like to put this claim under the microscope – and explain why this is a faulty assumption for several […]
Dave Ramsey Beat the S&P 500 Over the Last 30 Years Because “It’s not hard to do.”
In a recent interview, Dave Ramsey claimed he beat the S&P 500 over the last 30 years because “it’s not hard to do.” The big question is, is it really that easy to beat the S&P 500 over time? According to David, it’s not. In fact, most…
Don’t Buy an IUL Until You Listen to This Podcast!
David breaks down a recent article by financial advisor Brian Manderscheid on what insurance agents don’t tell you about Indexed Universal Life (IUL). David talks about the risk of consuming financial content online without seeking professional…
