The Power Of Zero Show

Joe Biden has historically said that taxes won’t go up for anyone that makes less than $400,000 annually , but that may not be the case. Some people may lose some deductibility in their 401(k) contri…

There are five important elements your LIRP must have if you are going to have it for the rest of your life. Similar to getting married, these are things you need to look for before committing to the…

It is possible to convert too much money to your Roth IRA and not leave enough money in your IRA to use when you’re ready to retire.

The first principle you have to realize is that in a rising tax ra…

A government can’t simply print however much money they want to be able to buy whatever it is that they want.

The Deficit Myth was recently released and in the book the author argues that because the…

There is a well-known economist named William Bernstein who originally asked the question “When you’ve won the game, why keep playing?” But should people who are retired avoid the stock market comple…

The Piecemeal Internal Roth Conversion (PIRC) may be indispensable to your retirement plan.

There are two massive risks that could waylay your retirement journey and prevent you from living a happy a…

David often gets the question of whether a person can be too old to implement an LIRP and like most questions the answer is “it depends”.

There are a number of great reasons to implement an LIRP, but…

In past episodes of the podcast David described the impact of a blue wave in the upcoming November election and what may happen to your finances if Joe Biden becomes the next president.

The first maj…

Time-segmented investing is a critical concept in the Power of Zero paradigm. The traditional approach says that you can have an investment portfolio balanced in such a way as to protect against syst…

David Walker has been saying that tax rates are going to have to double since 2008. We didn’t do that. So that means the national debt will continue to accumulate until we reach $53 trillion, at whic…

The Before and After Comparison is an indispensable part of the financial planning process and you can get help with yours over at davidmcknight.com.

The comparison is made up of three different proj…

Every once in a while the idea of fixing all our fiscal problems by taxing the top 1% of the population is proposed, but it’s time to do the math and see if it’s true.

The Committee for a Responsible…

David moved his family to Puerto Rico about three years ago and within six weeks of arriving they experienced something that completely changed their lives.

It’s been three years since Hurricane Mari…

Not everybody is going to get an inheritance but there are some very important strategies you can implement to minimize your taxes if you are going to receive one.

The ultimate goal of the IRS, no ma…

A Coronavirus-Related Distribution (CRD) is any distribution by a person diagnosed with Covid-19, this can also include a spouse or dependent. Alternatively, if you’ve been adversely affected by the …

The US is very likely to default on its debt at some in the future, but we’re just not sure exactly when. What we do know is that the sooner it happens to smaller the impact will be, but that doesn’t…

The federal government has waived the Required Minimum Distributions for 2020. There are 20% of Americans who don’t spend their RMD’s which means that 80% of the population relies on those RMD’s to p…

Can you be in the 0% tax bracket and still be a good citizen?’ is a common question that David gets fairly frequently.

David relates an exchange he had with a listener on Facebook where they stated t…

Families that aren’t quite rich enough to be affected by the Estate Tax, but have built wealth over time, have another benefit available to them called the step-up-basis loophole.

Essentially, what h…

Should you be contributing to your Roth 401(k)? The short answer is yes because anything with the word Roth in front of it is truly tax-free.

What does it mean to be truly tax-free? Roth 401(k)’s pas…