EPISODE · May 2, 2024 · 45 MIN
The Power of Zero: Tax-Free Income for Life with David McKnight
from Red Zone Retirement Planning · host Adam Olson
In the latest Money Mastery Unleashed podcast episode, host Adam Olson talks with David McKnight, a financial educator and author. They discuss the importance of preparing for future tax increases, especially for those with tax-deferred retirement accounts. David explains his "Power of Zero" plan, which aims to get individuals into the 0% tax bracket by strategically moving assets into tax-free accounts like Roth IRAs and using cash value life insurance as a "volatility buffer." They dive into the details of life insurance retirement plans (LERPs), emphasizing the need for thorough research when selecting policies, particularly regarding loan provisions and the stability of cap rates in indexed universal life (IUL) products. David warns of the risks associated with loans against IUL policies, especially in later retirement years, and the potential for a "death spiral" of debt if not managed properly. "A lot of people don't realize that taxes in the past have been dramatically higher than they are today." - David McKnight What you will learn: The tax freight train Look before you lerp Volatility buffer concept Loan Provisions and Interest Rates Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.
What this episode covers
In the latest Money Mastery Unleashed podcast episode, host Adam Olson talks with David McKnight, a financial educator and author. They discuss the importance of preparing for future tax increases, especially for those with tax-deferred retirement accounts. David explains his "Power of Zero" plan, which aims to get individuals into the 0% tax bracket by strategically moving assets into tax-free accounts like Roth IRAs and using cash value life insurance as a "volatility buffer." They dive into the details of life insurance retirement plans (LERPs), emphasizing the need for thorough research when selecting policies, particularly regarding loan provisions and the stability of cap rates in indexed universal life (IUL) products. David warns of the risks associated with loans against IUL policies, especially in later retirement years, and the potential for a "death spiral" of debt if not managed properly. "A lot of people don't realize that taxes in the past have been dramatically higher than they are today." - David McKnight What you will learn: The tax freight train Look before you lerp Volatility buffer concept Loan Provisions and Interest Rates Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.
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The Power of Zero: Tax-Free Income for Life with David McKnight
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