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
Could Joe Manchin Sink Joe Biden's Tax Bill?
How Renowned Football Coaches Are Using the LIRP
Could the Biden Tax Legislation be Retroactive?
News on the Timing of the Biden Tax Changes
Do Retirees With Annuities Have More Fun?
A Major Change to Social Security?
Is Joe Biden's Tax Proposal Losing Steam?
The LIRP: When Does It Make Sense and How Old Is Too Old?
The Psychology of Guaranteed Income and How Much Money Is Enough
Battle of the Massive Retirement Accounts: Peter Thiel vs. Mitt Romney
Three Possible Scenarios for Rising Tax Rates
What's in Biden's New Budget Proposal?
Higher Taxes for the Middle Class? My Interview with Maya MacGuineas (Part 2)
Higher Taxes for the Middle Class? My Interview with Maya MacGuineas (Part 1)
America's True National Debt – Part 2
America's True National Debt – Part 1
The Coming Depression in 2030: My Interview with Brian Beaulieu
The Secure Retirement Act 2.0 – 6 Things You Need to Know
The United States' Demographic Time Bomb
The Joe Biden Capital Gains Tax Proposal
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast