Can I Avoid IRMAA When Doing a Roth Conversion?
David starts the conversation by explaining what IRMAA is, if you should be worried about it when doing a Roth conversion, and whether there are ways around it. David defines the acronym IRMAA, Income-Related Monthly Adjusted Amount. This is an…
Suze Orman goes on EPIC IUL Rant–“I’m BEGGING you not to do them!”
This episode addresses Suze Orman’s epic IUL rant on her Women and Money podcast. Suze Orman begged her audience not to do Index Universal Life insurance policies. This very broad brush and no nuance approach of every financial guru is what…
Creating a Volatility-Proof Retirement Plan
Retirement planning is an essential part of preparing for a stable and comfortable future, but it comes with its fair share of challenges. One of the most significant challenges retirees face is market volatility. The ups and downs of the stock market can have a profound impact on retirement savings and income, potentially jeopardizing the financial stability of those who are unprepared. David McKnight, author of “The Power of Zero,” offers insightful strategies for creating a volatility-proof retirement plan. This article delves into his approaches for a volatility-proof retirement plan and provides actionable steps to help you build a
The #1 Reason Why People Don’t Do a Roth Conversion
David and Mark Byelich talk about why people don’t want to pay a tax before the IRS absolutely requires it of them. David touches on the 2018 documentary The Power of Zero: The Tax Train is Coming. Mark Byelich explains that the longer someone hasa…
Why You Must Do a Roth Conversion Before Your Spouse Dies (Bonus: Your Kids Will Love You)
Today’s episode is part of David’s interview with Mark Byelich. David and Mark address Mark’s concept of “suddenly single”. David once met an Uber driver who had saved $1.5M. All financial advisors gave him the same advice “don’t change…