David discusses how much of your IRA you should convert, in what amounts and over what time frame.
If you’re not convinced by the possible dramatic increase in tax rates in 2031 to bump you into the 32% bracket, you’re not alone…
A whole battery of experts predict that tax rates will have to rise dramatically to help service the national debt and with the $200 trillion in shortfalls in Social Security, Medicare, and Medicaid.
In Comeback America, former Comptroller General David Walker predicted that effective tax rates for all taxpayers need to double by 2030.
David touches upon what would happen if the government doesn’t increase its taxes by 2043.
David mentions what your Roth conversion roadmap should look like in the next 10 years – and beyond – if you have the lion’s share of your retirement savings in tax deferred accounts like IRAs and 401(k) plans.
There’s one thing that you shouldn’t do before the “tax deadline.” You should not bump into the 32% tax bracket or higher.
David goes over what he refers to as a “wait-and-see approach.”
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
DavidMcKnight.com
DavidMcKnightBooks.com
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
Penn Wharton
Catch 22: Inflation or Recession?
The Dave Ramsey Buy Term and Invest the Difference Fallacy
Could Inflation Lead to Higher Taxes?
The Biggest Objection to a Tax-Free Retirement
The Truth About Municipal Bonds
The Tax Freight Train Bearing Down on Your Retirement Plan
The Truth About Dave Ramsey
What is the Obamacare Surtax (And Should You Worry About It)?
When Should You Draw Social Security in a Rising Tax Rate Environment?
Should High Income Earners Do Roth Conversions?
A Huge Surprise in the Secure Act 2.0
When is the True Fiscal Day of Reckoning for Our Country?
The LIRP vs Stock Market Investing
Effective Tax Rate vs Marginal Tax Rate in POZ Planning Decisions
How to Avoid Sequence of Return Risk in Your LIRP
Two Ways to Use the LIRP to Get to Tax-Free
Can Mitt Romney Save America?
How to Best Position the LIRP in Your POZ Strategy
The POZ Moves You Should Be Making Right Now
Why Your LIRP MUST Have Interest in Arrears and Daily Sweeps
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