E56: Mastering Retirement: Strategies for Financial Freedom - w/ David McKnight

David McKnight, author of The Power of Zero, explains how to protect your retirement from rising taxes by strategically shifting to tax-free income sources.Guest bio: David McKnight is a bestselling author and financial advisor known for The Power of Zero and Tax-Free Income for Life. His work focuses on helping Americans avoid the financial pitfalls of rising taxes in retirement by transitioning from tax-deferred to tax-free accounts. His book has been adapted into a documentary, and he trains advisors nationwide in tax-efficient retirement strategies.Topics discussed:Why tax-deferred accounts (401(k), IRA) may be a trapThe concept of the 0% tax bracket and how to reach itRoth IRAs, Roth 401(k)s, and Roth conversionsIndexed Universal Life (IUL) policies and annuitiesSocial Security taxation and provisional incomeRetirement mistakes, tax planning, and longevity riskPuerto Rico Act 60 and global retirement strategiesCritiques of financial influencers like Dave Ramsey3 best quotes:“Going into a 401(k) is like going into business with the IRS—every year they get to vote on what percentage of your profits they keep.”“Two times zero is still zero—that’s why the 0% tax bracket is the safest place to be in a rising tax environment.”“You can’t plan for retirement if you don’t know how much of your money is really yours.” 🎙 The Pod is hosted by Jesse Wright💬 For guest suggestions, questions, or media inquiries, reach out at https://elpodcast.media/📬 Never miss an episode – subscribe and follow wherever you get your podcasts.⭐️ If you enjoyed this episode, please rate and review the show. It helps others find us. Thanks for listening!