Key Takeaway
Tax rates are historically low and almost certainly going up. Position as much of your retirement income as possible in the 0% tax bracket through Roth conversions, Roth IRAs, and other tax-free vehicles. The tax time bomb in traditional retirement accounts is real.
The Review
David McKnight's The Power of Zero makes a compelling case that future tax rates will be significantly higher than they are today — and that the smartest financial move you can make is to get your retirement income into the 0% tax bracket now. The book covers Roth conversions, Roth IRAs, cash value life insurance, and other tools for creating tax-free income in retirement. McKnight argues that most retirees will pay far more in taxes than they expect, and that the 'tax time bomb' of traditional 401(k)s and IRAs is an underappreciated risk that requires proactive planning today.
Book Details
The Power of Zero by David McKnight
Published
2014
Pages
176
Rating
4.5/5
Copies Sold
300,000+
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