What your Financial Advisor Is NOT Telling You About Roth Conversions
10/25/23 • 10 min
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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 situations where large money management institutions forbid their advisors from ever bringing up, for example, Roth conversions.
David invites listeners to browse the web trying to find a Ken Fisher article discussing the benefits of a Roth conversion.
David discusses what makes the Power of Zero approach stand out in the financial planning industry.
People seem to be hungering for real solid strategies that can help insulate them from the impact of rising taxes, says David.
David lists a few reasons why the advice people may get from gurus like Dave Ramsey or find on platforms like TikTok isn’t useful.
David recommends having a balanced and comprehensive approach to tax-free retirement that takes advantage of all the nooks and crannies in the IRS tax code.
There are different things David likes about Roth IRAs, Roth 401ks, Roth Conversions, Life Insurance Retirement Plans, and tax-free social security – he touches upon them.
Mentioned in this episode:
David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code
PowerOfZero.com (free 3-part video series)
@mcknightandco on Twitter
@davidcmcknight on Instagram
David McKnight on YouTube
Get David's Tax-free Tool Kit at taxfreetoolkit.com
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 situations where large money management institutions forbid their advisors from ever bringing up, for example, Roth conversions.
David invites listeners to browse the web trying to find a Ken Fisher article discussing the benefits of a Roth conversion.
David discusses what makes the Power of Zero approach stand out in the financial planning industry.
People seem to be hungering for real solid strategies that can help insulate them from the impact of rising taxes, says David.
David lists a few reasons why the advice people may get from gurus like Dave Ramsey or find on platforms like TikTok isn’t useful.
David recommends having a balanced and comprehensive approach to tax-free retirement that takes advantage of all the nooks and crannies in the IRS tax code.
There are different things David likes about Roth IRAs, Roth 401ks, Roth Conversions, Life Insurance Retirement Plans, and tax-free social security – he touches upon them.
Mentioned in this episode:
David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code
PowerOfZero.com (free 3-part video series)
@mcknightandco on Twitter
@davidcmcknight on Instagram
David McKnight on YouTube
Get David's Tax-free Tool Kit at taxfreetoolkit.com
Previous Episode
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 will probably have the title Guru.
For a while, David Hays has half-jokingly said that he would accept the responsibility of mayor.
David introduces two perspectives into the picture: the point of view of financial gurus like Dave Ramsey and Suze Orman, and that of Ed Slott – whom USA Today dubbed “America’s IRA Expert.”
Many people underestimate the financial costs of long-term care for their parents, spouse, or partner, says David.
David illustrates the traditional way to approach long-term care and what would make the most sense for those thinking about it for their loved ones.
Mentioned in this episode:
David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code
PowerOfZero.com (free 3-part video series)
@mcknightandco on Twitter
@davidcmcknight on Instagram
David McKnight on YouTube
Get David's Tax-free Tool Kit at taxfreetoolkit.com
Next Episode
Complete Your Roth Conversion by THIS Date or LOSE!
Today’s episode is part three of David’s interview with Power of Zero Advisor Terry DuPont.
Trump tax cuts were not permanent – David explains why 2026 is going to be a key year for that.
In his book Comeback America, former Comptroller General David Walker predicted that, by 2023, tax rates would have to double – or more – to keep the U.S. solvent.
David shares what he believes people should do in the next few years as the country approaches an “apocalyptic” scenario.
Terry DuPont is amazed by the fact that families and individuals don’t seem to understand the fact that the largest expense in their lifetime will continue to be the same.
According to Terry, the main issue is that people don’t calculate that expense into their future.
Terry asks David about the one thing he knows now that he wishes he knew when he started.
David opens up about the role David Walker has played in his journey as well as about his definition of success.
David warns people against letting a year go by without taking advantage of historically-low tax rates.
Mentioned in this episode:
David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code
PowerOfZero.com (free 3-part video series)
@mcknightandco on Twitter
@davidcmcknight on Instagram
David McKnight on YouTube
Get David's Tax-free Tool Kit at taxfreetoolkit.com
Comeback America: Turning the Country Around and Restoring Fiscal Responsibility by David Walker
Why Your Taxes Could Double (2009 CNN article by David Walker)
I.O.U.S.A. (2008 documentary featuring David Walker)
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