The Power of Zero Podcast
hosted 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.
How to Tell If a Financial Guru Is Telling You the Truth
What Trump’s Election Means for Your Roth Conversion Strategy
The Huge ERROR in the Dave Ramsey-George Kamel Plan to Pay Off Your Home in 10 Years
The Top 6 Reasons to Do a Roth Conversion
Understanding the Tricky Roth 401(k) Distribution Rules
Is Dave Ramsey STILL Wrong on Roth Conversions?
Grant Cardone: Never Own a Home, Go to College or Invest in a 401(k)! (YIKES)
The Easiest, Low-Hassle Way to Become a Millionaire (2nd Place isn’t even close)
Ben Shapiro: Here’s What Will Happen to the National Debt Under Kamala Harris
How Do I Do a Roth Conversion and Which Forms Will I Need?
Eight IUL Deal-breakers You Should Watch Out For
Updated Rules on Missed RMDs
More Resources
LIRP: The Retirement Planning Tool You Haven’t Heard Of
Life Insurance Retirement Plans (LIRPs) are emerging as a valuable yet lesser-known tool in the retirement planning landscape. LIRPs, which combine life insurance coverage with the potential for tax-advantaged growth, can be a consideration for addressing income needs in retirement and legacy planning goals. Unlike traditional retirement accounts, which can come with contribution limits and required minimum distributions, LIRPs provide flexibility and a strategic approach to both savings and protection. In this guide, we’ll dive into the essentials of LIRPs, explore how they function, and highlight key factors to consider when deciding if this approach aligns with your financial […]
The Ultimate Guide to a Zero-Tax Retirement Lifestyle
If you read my blog often, you know that I believe retirement should be a time of relaxation and enjoyment, free from financial stress. However, you also likely know that one of the biggest challenges in retirement is the burden of taxes. I share frequently about David McKnight’s powerful, game-changing Power of Zero philosophy, and I often share excerpts from his books, too. Today, I want to start back at the beginning – for any new readers or for anyone needing a refresher – on these foundational Power of Zero strategies designed to help you minimize tax liabilities and […]
Crafting a Tax-Free Retirement: More Than Just a Dream
The following content is partially adapted from the book Tax-Free Income for Life by David McKnight. Crafting a tax-free retirement can be more than just a dream; it can be a strategic approach to safeguarding your financial future. By utilizing specific investment vehicles and planning techniques, you can help combat the uncertainties of future tax rate increases and Social Security taxation, allowing for a more stable and enjoyable retirement. In this article, we’ll discuss one such strategy to help you align your tax-free stars, especially if you have a fixed indexed annuity, which I previously wrote about here. To […]
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 […]
Why a LIRP Might Be Your Retirement Game Changer
Planning for retirement involves exploring various financial products and strategies to build a sustainable income stream you can rely on. One such option gaining popularity is the Life Insurance Retirement Plan (LIRP), which I have mentioned in previous articles. While it might sound unconventional to some, a LIRP can offer unique benefits that could make it a valuable component of your retirement strategy. In this article, we will review the basics you need to know about Life Insurance Retirement Plans and also discuss LIRP advantages you might consider as you devise your retirement income strategy. What is a LIRP? […]
The Hidden Benefits of Zero Tax Retirement
At Hanson Wealth Management, we strive to empower our clients to enjoy their life with significance and purpose through a comprehensive strategic planning process centered on their unique goals and the roadmap needed to achieve them. Our approach includes lowering your tax burden and optimizing your income streams with the objective of achieving tax-free retirement – so that you can truly live your best life. We subscribe to David McKnight’s “Power of Zero” philosophy, which emphasizes the strategic advantages of positioning oneself in the 0% tax bracket in retirement. This strategy focuses on reducing future tax liabilities on retirement […]
Lifetime Income Strategies: Achieving Tax-Free Income Post-Retirement
As retirement approaches, creating financial stability becomes a top priority for many. Among various strategies, achieving tax-free income in retirement stands out, notably championed by David McKnight through his “Power of Zero” philosophy. This approach may not only safeguard your savings from potential tax hikes, but it may also enhance your retirement readiness. I this article, we’ll discuss how you can integrate these principles into your retirement planning and lifetime income strategies. 1. Understand the Importance of the 0% Tax Bracket The “Power of Zero” approach emphasizes the significance of striving for a 0% tax bracket in retirement. David […]
Navigating Market Volatility: Shielding Your Retirement Funds
In an ever-changing economic landscape, navigating market volatility remains a constant concern, especially for those nearing or already enjoying retirement. Fluctuations in the market can have a significant impact on retirement funds, raising the question of how to best protect your financial future against unpredictable shifts. Hanson Wealth Management, as a Power of Zero financial advisory firm, advocates for a strategic approach to safeguard retirement savings from market volatility. This article explores techniques based on Power of Zero principles to help you develop a strategy to safeguard your retirement funds, providing more peace of mind no matter the economic […]
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