Shows
The Power Of Zero ShowThe Roth Conversion Myth Most Financial Advisors Get WrongDavid McKnight addresses a myth floating around the financial world: "For a Roth conversion to make sense, you need many years for the Roth to grow so you can recoup the taxes you paid to the conversion." David stresses why this way of thinking is fundamentally wrong – it's built on the wrong assumption that all the money in your IRA belongs to you… when it actually doesn't. Remember: your IRA isn't one pile of money but two piles sitting in the same account. One pile belongs to you, while the other to the IRS. Wh...
2026-01-1407 minThe Power Of Zero ShowCongress Just Proposed a Major Change to Roth IRA's—Here's What It Means for YouDavid McKnight addresses a brand new proposal that could transform the way Americans use Roth IRAs and Roth 401(k) – and that could have serious implications for your retirement flexibility, liquidity, and long-term tax strategy. With the current status quo, if a person has money in a 401(k) or even a Roth 401(k), they can usually roll it out into an IRA when they retire or leave their job. However, money can't roll the other direction: you can't take a Roth IRA and move it into a Roth 401(k)... A new bipartisan bill introduced by...
2025-12-3108 minThe Power Of Zero ShowWhat Are the Creditor Protection Rules for Roth IRAs and Roth 401(k)s?In today's episode, David McKnight breaks down the creditor protection rules for Roth IRAs and Roth 401(k)s, as well as why more and more Americans are turning to tax-free accounts to insulate themselves from creditors… and the Government itself. In theory, under Federal Law, all IRAs traditional or Roths receive a certain level of bankruptcy protection under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. However, that protection is specifically tied to bankruptcy proceedings. If you're sued in civil court, the Federal bankruptcy statute doesn't automatically apply, state law takes over… By p...
2025-12-2408 minThe Power Of Zero ShowTop Five Reasons to Pick a Roth 401(k) Over a Traditional 401(k)This episode features David McKnight sharing the top five reasons why a Roth 401(k) is far superior to a traditional 401(k). Something important to keep in mind: the decision you make today will determine how much of your retirement money your future self actually gets to keep. David touches upon the fact that choosing the wrong 401(k) could cost you hundreds of thousands of dollars in unnecessary taxes in retirement. Tax rate risk is the first big reason why you should consider investing in a Roth 401(k) over a traditional 401(k). ...
2025-12-1708 minThe Power Of Zero ShowSuze Orman Says Roth IRAs Are Great — But Here's What She's MissingThis episode sees David McKnight look at Suze Orman, who, despite being one of the most widely recognized financial voices in America, shares what appears to be incomplete advice. David believes that Orman has done a lot of good for a lot of people thanks to her financial discipline-centered approach (in addition to being a big proponent of Roth IRAs). He agrees with Orman: "Roth IRAs are powerful, no doubt about it. You contribute after tax dollars, your money grows tax-free, and, provided you meet the requirements, you can withdraw those funds in retirement 100% tax-free".
2025-12-1010 minThe Power Of Zero ShowThe 3 Questions You MUST Answer BEFORE Doing a Roth ConversionDavid McKnight addresses three key questions you must be able to answer before executing a single Roth conversion. Too many people go for Roth conversions without a game plan – this is something that can lead to overpaying taxes and running out of money sooner than anticipated. David points out that if you can't answer the three key questions, you should stop and reevaluate because guessing here can cost you big. "What's the total amount I should convert from my IRA or 401(k) to tax-free?" is the first and most critical of the three qu...
2025-12-0306 minThe Power Of Zero ShowFive Roth Conversion Myths Busted: What Most Americans Get WrongDavid McKnight busts some of the most common Roth conversion myths that are costing retirees hundreds of thousands – if not millions – of dollars over the course of retirement. The "Don't worry about Roth conversion, you'll be in a lower tax bracket when you retire" myth is based on two flawed assumptions. The first one is that your lifestyle will drop significantly in retirement, while the second is the one related to future tax rates being the same or lower than they are today. David points out that, in retirement, people want to maintain their...
2025-11-2607 min
Functional Relations#36 - Did Skinner Meditate? Behaviorism Meets Contemplative Living w/ David RothIn this episode, Zach and Caleb discuss a behavior analytic interpretation of contemplative practices with David Roth. 1.5 CEUs (BACB, IBAO, and/or QABA) are available for this episode. You can purchase them at https://www.functionalrelationspodcast.com Become a member to get access to our entire library of CEs and access exclusive behind the scenes content for $79/yr. https://www.functionalrelationspodcast.com/subscription/membership Things to check out from the episode: David Roth's Podcast w/ Dr. David Palmer: Dialogues on Verbal Behavior - Podcast - Apple Podcasts Consider checking out the work of the B.F...
2025-11-011h 32
MMA Financial TalkLife Insurance? Roth IRA? What You Need to Know!On today’s show, we’re going to consider the pros and cons of life insurance and Roth IRAs for retirement income as well as saving in a 401(k) and an IRA in the same year.
2025-11-0100 minThe Power Of Zero ShowWhy Dave Ramsey's Roth Conversion Advice Could Cost You a FortuneDavid McKnight discusses one of the most destructive pieces of retirement advice he has ever heard: that you should never do a Roth conversion in retirement or within five years of retiring. Dave Ramsey believes you should forego doing a Roth conversion if you're within five years of retirement or are already retired – because of the so-called Five-Year Rule. The problem with this approach, according to David, is that Ramsey is misinterpreting what that rule actually means, in addition to confusing multiple rules and applying them to the wrong people. Ramsey's advice, continues Da...
2025-10-2207 minThe Power Of Zero ShowFour Ways to Pay Tax on Your Roth ConversionDavid McKnight addresses something that can make or break your Roth conversion strategy: how you actually pay the tax. David kicks things off by sharing that Federal and state estimated tax payments are usually made in four equal installments: April 15th, June 15th, September 15th, and January 15th of the following year. Did you know that doing a Roth conversion in December, like many people do, will lead to the IRS pretending that income was earned evenly throughout the year? If you don't account for that, you could get hit with an underpayment p...
2025-10-1507 min
The Retirement Roadmap Show with David NagyRoth Conversions - Don't Leave Tax Brackets on the TableThis episode dissects the powerful financial strategy of Roth conversions, a tool that can help you pay taxes on your retirement savings at today's rates instead of tomorrow's. We'll explore how strategically converting funds can prevent your income from being pushed into a higher tax bracket in retirement. Tune in to learn how to seize this opportunity and avoid leaving valuable tax savings on the table.
2025-09-2700 min
Worldview Matters With David FiorazoDavid Roth: Green Bay Pastor Leads Charge To EngagePastor David Roth out of Green Bay’s OneWay Christian Church talks about the lost importance of the church’s support and impact on the community.
Green Bay OneWay Christian Church: https://www.owccgb.org/
Reach Pastor David at pastordr@owccgb.org
www.worldviewmatters.tv
© FreedomProject 2025
2025-08-2028 minThe Power Of Zero ShowWill Safe Harbor Rules Protect You If You Do a 4th Quarter Roth Conversion?David McKnight looks at why many people wait until the fourth quarter to do a Roth conversion, the potential penalties, and what can be done to avoid having to pay underpayment penalties to the IRS. David begins the episode by highlighting the fact that a lot of investors wait until Q4 before they do a Roth conversion – and they prefer to pay taxes on it in cash instead of simply having the taxes withheld by the IRS. From a mathematical standpoint, it's the correct thing to do because it allows you to get 100% of the co...
2025-06-1806 minThe Power Of Zero ShowHow to Avoid the Roth Over-Conversion TrapIn today's episode, David McKnight focuses on whether you should do a Roth conversion, how much you should convert per year, and whether it's possible to over-convert to Roth. David explains that an effective tax rate is the actual percentage of your income that you pay in taxes after accounting for deductions, exemptions, and credits. For David, the only reason you should do a Roth conversion is if you believe that your effective tax rate in retirement will be higher than your marginal tax rate today. David touches upon a couple of reasons...
2025-06-1107 minThe Power Of Zero ShowThe 8 Taxes You Could Pay When Doing a Roth Conversion (Is it worth it?)In this episode of the Power of Zero Show, host David McKnight looks at every possible tax or cost that may result from a Roth conversion. The first tax you'll have to pay when executing a Roth conversion is federal income tax. Whatever portion of your IRA you convert to Roth is realized as ordinary income and piled right on top of all your other income. David is an advocate for not converting to Roth unless you think your federal tax rate in retirement is likely to be higher than it is today.
2025-05-1410 min
Kitchen Table FinanceDoes your Retirement Plan Need a ROTH?Roth Conversions: Worth It or Not?
Welcome back to the Kitchen Table! In today’s episode, Dave and Nick take a deeper dive into the world of Roth conversions—what they are, how they work, and whether or not they make sense for your retirement plan.
This isn’t your average tax talk. We’re serving up a practical, no-pressure conversation about a tool that gets a lot of hype—and a lot of confusion. From “backdoor” and “mega backdoor” conversions to tax brackets, timing, and even state-by-state considerations, we break it down so you can decide if a Ro...
2025-05-1200 minKitchen Table FinanceDoes your Retirement Plan Need a ROTH?Roth Conversions: Worth It or Not?
Welcome back to the Kitchen Table! In today’s episode, Dave and Nick take a deeper dive into the world of Roth conversions—what they are, how they work, and whether or not they make sense for your retirement plan.
This isn’t your average tax talk. We’re serving up a practical, no-pressure conversation about a tool that gets a lot of hype—and a lot of confusion. From “backdoor” and “mega backdoor” conversions to tax brackets, timing, and even state-by-state considerations, we break it down so you can decide if a Ro...
2025-05-1200 minThe Power Of Zero ShowShould You Take More Risk in Your Roth Accounts Than Your Other Investments?This episode of the Power of Zero show explores whether you should be taking more risks in your Roth accounts than in your other investments. Host David McKnight kicks things off by stating that if you have Roth IRAs or Roth 401(k)s in your portfolio, you should be allocating 100% of these dollars to a stock allocation. That's because these are your most tax-efficient investments and they'll remain tax-free right up until your death – and even 10 years beyond. Remember: you want the biggest returns in your portfolio to take place in a tax-free en...
2025-05-0707 minThe Power Of Zero ShowDebunking Doug Andrew's Roth IRA Hit Job VideoIn this episode of The Power of Zero Show, host David McKnight looks at Doug Andrew's recent video in which he implored his audience to never use a Roth IRA or a Roth 401(k) again. Andrew sees Indexed Universal Life insurance (IUL) as far superior and believes it should be the source of the vast majority of your distributions in retirement. While David likes IUL in certain circumstances, he isn't a fan of sales strategies that debase every other viable tax-free alternative in an effort to exalt IULs. For David, the video is...
2025-04-3012 minThe Power Of Zero ShowWhat Percentage of Your Retirement Savings Should You Have in Traditional IRA vs. Roth?What percentage of your retirement savings should you allocate toward traditional IRAs and 401(k)s vs. Roth IRAs and Roth 401(k)s? That's what this episode explores. Traditional financial guru advice says that it's impossible to predict where tax rates are going down the road. Therefore, you may hear that your best bet is to simply have 50% of your money in tax-deferred and 50% of your money tax-free. David is somehow perplexed by the guru's point of view about the future of tax rates being an unknown. However, signs that things won't...
2025-04-2306 minThe Power Of Zero ShowThe Five Cardinal Rules of Roth ConversionsDavid McKnight goes through his five cardinal rules for doing a Roth conversion. The first principle is simple: don't do a Roth conversion that bumps you into a tax bracket that gives you heartburn. Not sure about what a heartburn-inducing tax bracket looks like? David shares a simple "rule of thumb" you can follow. In your zeal to get your Roth conversion done before tax rates go up for good, don't bump into the 32% tax bracket along the way. The second cardinal rule ties into the almost certainty that Congress will...
2025-04-1608 minThe Power Of Zero ShowHow to Take Advantage of the Retirement Income Valley for Roth ConversionsWondering when you should start thinking about a Roth conversion? That's exactly what David McKnight dives into in this episode of The Power of Zero Show. The retirement valley is that dip in taxable income that happens after you retire but before RMDs kick in – at age 73 or 75, depending on your birth year. David walks through an example: you've got $2 million in your IRA and want to convert all of it to Roth. If you take action during that valley, you can convert more while staying in the 24% tax bracket the whole time....
2025-04-0906 minThe Power Of Zero Show5 Huge Benefits of the Roth IRA!Today's episode addresses five reasons why a Roth IRA is one of David KcKnight's favorite tax-free investments. Unlike other retirement accounts, Roth IRAs give you 100% liquidity on all contributions. While David isn't necessarily suggesting that you use your Roth IRA as an emergency fund, it's nice to know that you won't have to wait until age 59 ½ to be able to access those funds. If you happen to take out your Roth IRA contributions, you can put that money back within 60 days as long as your Roth IRA was not involved in a rollover du...
2025-03-1907 min
Gold & Silver CentralWhat Is a Precious Metals Roth IRA & How Does It WorkGet Your Wealth Protection Kit: 👉 https://geni.us/GoldcoGuide (for US residents only)When most people think of buying precious metals - gold and silver - they think of coins and bars. They may have visions of buying coins from a coin store, from a bullion vault, or even from an online vendor. Little do they know that they can buy precious metals with an IRA. Did you know that you can also purchase precious metals with a Roth IRA?Liste to this podcast to learn more about:- What is a Roth...
2025-02-2409 minThe Power Of Zero ShowExpecting a Pension? Strongly Consider a Roth ConversionDavid McKnight discusses a couple of really good reasons for doing a Roth conversion when you're expecting a pension in retirement. David sees the American tax system functioning in a similar way as a graduated cylinder. Your income goes in and flows all the way down to the bottom. Some of your money gets taxed at 10%, at 12%, 22%, some at 24%, 32%, at 35%, and some at 37%. Jeff Bezos, too, has some of his earned income taxed at 10% (only for about 3 seconds, though!). If you're planning on receiving a pension in retirement, understanding how this "ta...
2025-02-1206 min
Open Forum in The Villages, FloridaThe Magical World of David HimelrickSend us a textExploring The Villages: Magic, Mental-ism , and Classic Cars with David HimelrickIn this episode of 'Open Forum in The Villages, Florida,' host Mike Roth interviews David Himelrick, a resident of The Villages and former college professor with an intriguing background in horticulture, magic, mental-ism, and psychic entertainment. David shares his journey from academia to performing magic, his interest in the supernatural, and his philosophy on magic as a form of entertainment. They discuss his seven-volume book series 'Hooks, Lines, and Thinkers,' filled with h...
2025-01-1727 minThe Power Of Zero ShowAt What Tax Bracket Should I STOP Contributing to Roth: Responding to The Money Guy ShowIn this episode, host David McKnight tackles a question about the tax bracket at which you should stop contributing to the Roth IRA and start contributing to the traditional IRA. The inspiration for this episode was a recent episode of The Money Guy Show. David believes that advice such as that shared on The Money Guy Show doesn't consider most of the people asking questions like the one addressed in the episode. Those are people whose combined marginal tax rates fall between 25% and 30%. Generally, David likes the idea of having a...
2025-01-0806 min
Home Care HindsightA Compassionate Caring Person: My Greatest Strength and also Weakness – Bob RothBob Roth, co-founder and managing partner of Cypress Home Care Solutions, joins host David Knack to share his journey from an "accidental caregiver" to a leader in the home care industry. Bob reflects on the challenges of balancing empathy and business decisions, recounting a pivotal moment when his compassion led to hard lessons about retaining the right team members. He discusses how this experience shaped his approach to leadership and highlights the importance of aligning personal values with operational success. Through his journey, Bob emphasizes the value of reframing the narrative around home care, leveraging innovative...
2024-12-0341 minThe Power Of Zero ShowThe Top 6 Reasons to Do a Roth ConversionToday's episode looks at the top 6 reasons why doing a Roth conversion may be the right move for you. The disastrous fiscal condition of the U.S. is the first reason why you should consider doing a Roth conversion. David explains why debt in and of itself isn't the issue – and what the real problem with it is. Doing a Roth conversion with today's low tax rates can be a way for you to shield your retirement savings from the impact of higher taxes down the road. Not sure what tax rat...
2024-11-0606 minThe Power Of Zero ShowUnderstanding the Tricky Roth 401(k) Distribution RulesDavid McKnight explains how a lack of knowledge about Roth 401(k) distribution rules can lead to unexpected taxes and penalties. This episode dives into practical insights to help you steer clear of unwelcome surprises from the IRS. David illustrates what happens if you withdraw from your Roth 401(k) before age 59½, and how these rules differ from those of a traditional Roth IRA. He subsequently tackles the question of when post-59½ withdrawals of Roth 401(k) growth can be completely tax-free. Roth 401(k) distributions can be confusing – especially if you're planning to take funds...
2024-10-3004 minThe Power Of Zero ShowIs Dave Ramsey STILL Wrong on Roth Conversions?In the past, David McKnight has been critical of gurus like Dave Ramsey. However, this episode looks at a video in which Ramsey seems to have slightly changed his views. Ramsey emphasizes that one key benefit of a Roth IRA is the potential to drastically reduce or even eliminate Required Minimum Distributions (RMDs). David explains that the decision to pursue a Roth conversion typically depends on whether you expect your future tax rate to be higher than it is today. David discusses a missed opportunity in Ramsey's advice to a caller, highlighting a...
2024-10-2310 minThe Power Of Zero ShowHow Do I Do a Roth Conversion and Which Forms Will I Need?This episode answers the question, "How do I do a Roth conversion, and what forms do I need to fill out with the IRS?" David explains that there are three basic steps to convert your IRA to a Roth IRA. Carrying out these three steps will likely take a few weeks – the process could be slightly shorter if everything is handled by the same financial institution. Starting this process in December isn't ideal because financial institutions are often overwhelmed with conversion requests. If the conversion isn't completed by December 31st, the Rot...
2024-09-2504 minThe Retirement Roadmap Show with David NagyTaxes on Sale and Roth ConversionsIn this episode, we dive deep into the tax implications of selling investments and Roth conversions. Learn how to minimize your tax burden while maximizing your retirement savings. We'll discuss strategies for timing your sales, understanding tax brackets, and making informed decisions about Roth conversions.
2024-09-0700 minThe Power Of Zero ShowCan I Avoid IRMAA When Doing a Roth Conversion?David starts the conversation by explaining what IRMAA is, if you should be worried about it when doing a Roth conversion, and whether there are ways around it. David defines the acronym IRMAA, Income-Related Monthly Adjusted Amount. This is an additional charge you could be required to pay on your Medicare Part B premiums. As your income goes up in retirement, your Medicare Part B premium increases with it. David explains why standard deductions do not apply when calculating IRMAA. What is the link between IRMAA and doing Roth conversions? Roth...
2024-08-2806 min
Worldview Matters With David FiorazoDavid Roth: Biblical Citizenship & Christians Impacting Culture For ChristPastor David Roth of One Way Christian Church is today’s guest. He is also involved with the Salt & Light Council and the founder of the Men of Iron Conference.One Way Christian Church: https://www.owccgb.org/ Men of Iron Conference: https://www.menofironconference.org/Salt & Light Council: https://www.saltandlightcouncil.org/ www.worldviewmatters.tv© FreedomProject 2024
2024-08-2129 minThe Power Of Zero ShowWhy You Must Do a Roth Conversion Before Your Spouse Dies (Bonus: Your Kids Will Love You)Today's episode is part of David's interview with Mark Byelich. David and Mark address Mark's concept of "suddenly single". David once met an Uber driver who had saved $1.5M. All financial advisors gave him the same advice "don't change anything" but David had something different to share. A Roth conversion is something married couples should consider to avoid being automatically catapulted into the 22% or 24% tax bracket if one spouse dies. David breaks down the thought process behind considering a Roth conversion even if you feel like you've done everything right.
2024-08-0713 min
Cover Your Assets KC PodcastRoth IRAs as an Inheritance StrategyWhen your heirs inherit a Roth IRA, they are not required to take distributions, which allows the account to continue growing tax-free for up to ten years. This flexibility can be a significant financial boon, especially if your heirs are in their prime earning years and want to defer withdrawals until they are in a lower tax bracket. The question is, should you do a Roth conversion now?
Here’s some of what we discuss in this episode:
Is inheriting a Roth IRA a real positive?
What are the primary investment asset types to inh...
2024-07-1120 minCover Your Assets KC PodcastShould Wealthy Taxpayers Make Roth Contributions?If you’ve listened to David for long, you’ve heard his affinity for the Roth, but does that apply to everyone? When it comes to planning for retirement, high earners need to decide whether to contribute to a Roth account or a traditional IRA. But first, who is considered a high earner? And why does a Roth matter?
Here’s some of what we discuss in this episode:
The two ways to get money into a Roth.
How taxes make a big difference on the decision.
Why a Roth conversion can be a solid s...
2024-06-2026 minThe Power Of Zero ShowBeware of This Tax Bracket When Doing a Roth ConversionToday's video is part two of David's interview with Larry DeLegge, the co-founder of Power of Zero. They discuss the tax bracket you should avoid when doing a Roth conversion. They start the conversation by describing why it's a no-brainer to pay your taxes today at 22 or 24% marginal rates. Instead of rushing to complete Roth conversions by 2026 and potentially bumping into higher tax brackets, David suggests stretching the conversions over several years. After 2026, the tax brackets are expected to increase, with the 22% bracket becoming 25% and the 24% bracket becoming 28%. However, these brackets...
2024-06-1908 min
Fit Rich Life11 Bad Fitness Habits Holding You Back, Roth IRA Tax Optimization, & Improving Life Through Subtraction | Episode 74Welcome to the Fit Rich Life Podcast. A show all about mastering Money, Fitness & Life. In today’s solo episode, I am going to talk about 11 bad fitness habits that are holding you back from having the body that you want, optimizing your tax strategy with the Roth IRA and backdoor Roth loophole, and improving your life through subtraction. Get my Free Workout Program Get my Free Savings Rate Money Tracker In this episode, you will learn about: [00:00-08:45] 11 bad fitness habits...
2024-03-1418 minThe Power Of Zero ShowThe Two 5-Year Roth Rules ExplainedThis episode explores the two different five-year rules for Roth IRAs instituted by the IRS to prevent people from abusing them. The first five-year rule applies to earnings on Roth contributions and determines whether those distributions can be taken tax-free. The second rule concerns Roth conversions and lets you know whether conversion principles can be accessed penalty-free. David explains that, for the purposes of the five-year rule, the clock starts the first time any money is contributed to a Roth IRA by either contribution or conversion. Once the five-year rule has...
2024-03-1307 minThe Power Of Zero ShowWhat your Financial Advisor Is NOT Telling You About Roth ConversionsToday'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 p...
2023-10-2510 min
Original JurisdictionFix The Court: An Interview With Gabe RothThis is a free preview of a paid episode. To hear more, visit davidlat.substack.comWelcome to Original Jurisdiction, the latest legal publication by me, David Lat. You can learn more about Original Jurisdiction by reading its About page, and you can email me at davidlat@substack.com. This is a reader-supported publication; you can subscribe by clicking on the button below. Thanks!Are you having a hard time keeping track of all the Supreme Court ethics episodes? You’re not alone—and some of us have to do it as a job.With...
2023-08-2346 minThe Power Of Zero ShowFinancial Guru Loses $400k to Ill-Advised Roth Conversion (Is Your Money Safe?)David starts the conversation by describing how a financial guru, Derek Sall, allegedly lost $400k in an ill-advised Roth conversation. According to Sall, you're way more likely to have a lower income in retirement than you have today, so you'll likely be in a lower tax bracket in the future. But as we all know, tax rates must go up as early as 2026 to pay for unfunded government obligations. David made 3 observations to counter Derek's claims: Your income in retirement is not likely to be way lower than it is today. T...
2023-08-1606 minCover Your Assets KC PodcastToo Young For A Roth IRA?Is there such thing as contributing to a Roth IRA too soon? After a number of clients have asked how to fund a Roth IRA for a grandchild or college-aged child, David wanted to share all about this option and gift toward the future.
Here’s what you’ll learn on today’s show:
Is it possible to be too young to start a Roth IRA? (2:12)
What qualifications do you need to open a Roth IRA? (4:30)
Why should we pay attention to Roth IRAs? (6:16)
Can they withdraw early from the account? (8:03)
Any Roth opportunities to gift...
2023-07-2723 minThe Power Of Zero ShowHow Roth IRAs and Life Insurance Can COMPLETELY SHIELD You and Your Heirs From a Doubling of Tax RatesThe national debt is fast approaching $32 trillion dollars, nearly double from only a few short years ago. Neither parties are blame-free for the situation we find ourselves in as of 2023. That $32 trillion does not include the unfunded liabilities and obligations that we will be paying for over the next ten years. We got to this point without including the added costs of Social Security, MediCare, and Medicaid. Politicians are facing a situation where they either cut those programs, which is a surefire way to get kicked out of office, or dramatically raise taxes. ...
2023-07-2632 minThe Power Of Zero ShowWhy the Roth IRA Is NOT Enough (Graham Stephan Is Wrong!)There are a number of popular finance YouTube personalities like Graham Stephan talking about how you can be a millionaire by simply contributing $18 a day into a Roth IRA, but that doesn't tell the whole story. Not only is that advice too simple, it doesn't take into account the value of a million dollars thirty years in the future. Inflation will approximately reduce the spending power of that million into $250,000. The 4% Rule says that if you constrain yourself to only taking 4% of your day one retirement balance, adjusted for inflation as income, you...
2023-07-1909 minThe Power Of Zero ShowDave Ramsey Is Disastrously Wrong on Roth ConversionsThe biggest issue with Dave Ramsey's view on Roth Conversions, and most of his advice in general, is his one-size-fits-all approach which costs his listeners hundreds of thousands of dollars. Dave starts off on the right foot by recommending people pay the taxes up front for a Roth Conversion but then veers off the track pretty quick. Dave breaks down a hypothetical married couple filing in 2020 doing a Roth Conversion, but makes the mistake of conflating the 24% tax bracket as a trap of the Roth Conversion strategy. If you have more than a...
2023-06-2811 minThe Power Of Zero ShowShould you do a Roth 401(k) or a Traditional 401(k)? (The Answer May Surprise You!)The decision of whether to contribute to a Roth 401(k) or a Traditional 401(k) all comes down to whether you are likely to be in a higher tax bracket than you are now when you retire. The only determining factor in whether you should contribute to a Roth 401(k) is what you think your tax rate will be when you retire. David takes an example of two twin brothers and compares the difference between a Traditional 401(k) and a Roth 401(k) over the course of 30 years. The takeaway is that if tax rates remain the...
2023-05-3107 minCover Your Assets KC PodcastEpisode 218: 6 Reasons NOT To Do A Roth ConversionWe all know that David likes Roths as a good vehicle for retirement and inheritance. But today we’re going to dive into why someone shouldn’t do a Roth conversion. Whether that’s based on the timing or circumstances, there are a few reasons a Roth conversion might not be the right fit for you.
Here are six reasons why you might not want to do a Roth conversion:
I can’t stomach paying my taxes early. (2:19)
I can’t believe Roth IRAs will always be tax-free. (4:07)
Maybe I should wait until future tax policy...
2023-04-2720 minThe Power Of Zero ShowHow to Avoid Over-Converting Your Roth IRADavid sits down with certified financial planner Mark Byelich to discuss how to avoid over-converting your Roth IRA. They start the conversation by describing how over-converting your Roth IRA could sink your retirement plan. According to David, you should execute a Roth conversion if your tax bracket is going to be higher during retirement than it is right now. For stress-free retirement, David believes retirees should constantly think about future tax rates and ways to get to the zero percent tax bracket. David and Mark predict that the Trump tax cuts wi...
2023-03-2218 minThe Power Of Zero ShowHow to Dramatically Lower the Tax Bill on Your Roth ConversionDavid sits down with financial advisor Daniel Rondberg to discuss how to dramatically lower the tax bill on your Roth conversion. They start the conversation by describing why the Power of Zero message is crucial to tax-free retirement. According to David, stress-free retirement often comes down to only worrying about the things you can control. David and Daniel talk about the Power of Zero movie and what gave it great legitimacy. David explains how interest rates can affect your retirement. David reveals why he moved to Puerto Rico and the...
2023-03-0832 minCover Your Assets KC PodcastEpisode 209: It’s Not Too Late For Your 2022 Roth Contributions... 5 Things You Should KnowWere you thinking about contributing to a Roth IRA last year but never get around to it? Good news! It’s not too late to make your Roth IRA contributions for 2022. In fact, David encourages most people to make, and even max out, this contribution. So, if you haven’t made your 2022 Roth contributions, now’s your chance.
If you’re looking for ways to invest, this is often a good place to allow your investments to grow tax-free. David explains the ins and outs of contributing to a Roth IRA, who can benefit from it, and why it’s...
2023-02-2315 minThe Power Of Zero ShowThe Roth Conversion Mistake That Could Sink Your RetirementDavid kicks off the conversation by revealing that tax rates will revert to where they were in 2017 - you have only four years to take advantage of the historically low tax rates and do a Roth conversion. David explains that most people will try to accelerate their Roth conversion efforts before the 2026 deadline. The problem with this is that trying to accelerate your conversions could bump you into the dreaded 32% tax bracket. You don't have to be a mathematician to realize that the 32% tax bracket is a 33% increase over the 24% - and an unnecessary expense to...
2022-12-1409 min
David HairabedianGod loves getting your Knee-Mails - with Dr. David & Joanna HairabedianGod loves getting your Knee-Mails - with Dr. David & Joanna Hairabedian
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The Importance of Hearing God's Voice, David Hairabedian
David & Joanna recently produced a 6 CD Series entitled Freedom in the Glory at Sid Roth Studios. purchase here: https://tinyurl.com/SidRothCDSeries
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Our recent VCM newsletter...
2022-12-0847 min
David HairabedianTheology, Kneeology or Meeology, Dr. David C. HairabedianTheology, Kneeology or Meeology, Dr. David C. Hairabedian
Ministry Time at the Phoenix Prayer Pavilion, David & Joanna Hairabedian The Importance of Hearing God's Voice, David Hairabedian
David & Joanna recently produced a 6 CD Series entitled Freedom in the Glory at Sid Roth Studios. purchase here: https://tinyurl.com/SidRothCDSeries
Watch also "How to Freeze Time: with David on Sid Roth
https://www.youtube.com/watch?v=c44rFdAZGAU
David's Podcasts: http://davidspodcasts.com/
David's TikToks: http://davidstiktok.com/
David's Youtube: http://davidsyoutube.com/
David's Vimeo: http://davidsvimeo.com/
David's Sid Roth Radio interview https://sidroth.org/radio/radio-archives/david-hairabedian/
Our recent...
2022-11-101h 11The Power Of Zero ShowShould the Federal Government Get Rid of the Roth IRA?Today's episode of The Power of Zero Show addresses the question 'Should the Federal Government get rid of the Roth IRA?' In a recent MarketWatch article, Alicia Munnell, founder of Boston College's Center for Retirement Research, opined that it's time to start thinking about getting rid of the Roth 401(k) and the Roth IRA – and gave three reasons why. Firstly, Munnell believes that Roth IRAs can be hijacked by Congress to pay for expensive partisan legislation. Secondly, she thinks that Roth IRAs should be eliminated because they can turn into tax dodges fo...
2022-10-1907 min
David HairabedianThe Mystery of Yom Kippur - David & Joanna HairabedianThe Mystery of Yom Kippur - David & Joanna Hairabedian
The Importance of Hearing God's Voice, David Hairabedian
David & Joanna recently produced a 6 CD Series entitled Freedom in the Glory at Sid Roth Studios. purchase here: https://tinyurl.com/SidRothCDSeries
Watch also "How to Freeze Time: with David on Sid Roth
https://www.youtube.com/watch?v=c44rFdAZGAU
David's Podcasts: http://davidspodcasts.com/
David's TikToks: http://davidstiktok.com/
David's Youtube: http://davidsyoutube.com/
David's Vimeo: http://davidsvimeo.com/
David's Sid Roth Radio interview https://sidroth.org/radio/radio-archives/david-hairabedian/
Our recent VCM newsletter and Free eBook on healing: https://conta...
2022-10-1047 minThe Power Of Zero ShowHow to Supercharge Your Roth Conversion with a Reverse MortgageDavid had been skeptical about reverse mortgages and now considers himself a "late convert." Don Graves sees reverse mortgages as a financial planning tool cleverly disguised as a mortgage. Using a football analogy, think of a reverse mortgage as the 11th player on the team (along with income, pension, social security, etc.), which will increase the chances of you winning. Don explains why reverse mortgages should be considered a tax-free stream of income, right along with Roth IRAs, Roth 401ks, Roth conversions, LARPs, and so forth. The idea is that, when...
2022-10-0531 minThe Power Of Zero ShowIs the Federal Government Going to Tax Your Roth IRA?David suggests avoiding the shift of everything out of your IRA or 401k into the tax-free bucket because, by doing so, you would then have a standard deduction in retirement that sort of sits idle. $25,900/year is the standard deduction for a married couple. According to David, what you want to do is to be very careful about not converting too much money from the tax-deferred bucket. Most retirement savings are in tax-deferred vehicles, says David. Roth IRAs are the one thing that both consumers and the Federal Government like because t...
2022-09-2813 min
Jon of All TradesEp. 336: David Roth – Editor at Defector
David Roth is an Editor at Defector and he’s the guest on Ep. 336 of the Jon of All Trades Podcast, debuting September 21, 2022.
David Roth is an Editor at Defector.com, one of my absolute favorite websites (and, by their own tagline “The last good website), and he’s in that photo showing me a baseball card for Lastings Milledge, who is a definitely a guy some of us remember. David is a superlative writer and while the bulk of his recent work is about baseball and former President Trump, I’m pretty much in on anything David writes.
Si...
2022-09-211h 15
David HairabedianHindrances to Prayer, Pt 2, Emotional Hindrances, David & Joanna HairabedianThe Importance of Hearing God's Voice, David Hairabedian
David & Joanna recently produced a 6 CD Series entitled Freedom in the Glory at Sid Roth Studios. purchase here: https://tinyurl.com/SidRothCDSeries
Watch also "How to Freeze Time: with David on Sid Roth
https://www.youtube.com/watch?v=c44rFdAZGAU
David's Podcasts: http://davidspodcasts.com/
David's TikToks: http://davidstiktok.com/
David's Youtube: http://davidsyoutube.com/
David's Vimeo: http://davidsvimeo.com/
David's Sid Roth Radio interview https://sidroth.org/radio/radio-archives/david-hairabedian/
Our recent VCM newsletter and Free eBook on healing: https://conta.cc/3FdOF8i
Visit the site: https://virtualchurchmedia.com/.
...
2022-09-151h 09
David HairabedianSpiritual Hindrances to Prayer - Pt 1 - David & Joanna Hairabedian, VirtualChurchMedia.comSpiritual Hindrances to Prayer - David & Joanna Hairabedian, VirtualChurchMedia.com
The Importance of Hearing God's Voice, David Hairabedian
David & Joanna recently produced a 6 CD Series entitled Freedom in the Glory at Sid Roth Studios. purchase here: https://tinyurl.com/SidRothCDSeries
Watch also "How to Freeze Time: with David on Sid Roth
https://www.youtube.com/watch?v=c44rFdAZGAU
David's Podcasts: http://davidspodcasts.com/
David's TikToks: http://davidstiktok.com/
David's Youtube: http://davidsyoutube.com/
David's Vimeo: http://davidsvimeo.com/
David's Sid Roth Radio interview https://sidroth.org/radio/radio-archives/david-hairabedian/
Our recent VCM newsletter and Free eBook on healing: https...
2022-09-0856 min
David Hairabedian7 Dimensions of Prayer, 7 Pieces of Armor - David HairabedianThe Importance of Hearing God's Voice, David Hairabedian
David & Joanna recently produced a 6 CD Series entitled Freedom in the Glory at Sid Roth Studios. purchase here: https://tinyurl.com/SidRothCDSeries
Watch also "How to Freeze Time: with David on Sid Roth
https://www.youtube.com/watch?v=c44rFdAZGAU
David's Podcasts: http://davidspodcasts.com/
David's TikToks: http://davidstiktok.com/
David's Youtube: http://davidsyoutube.com/
David's Vimeo: http://davidsvimeo.com/
David's Sid Roth Radio interview https://sidroth.org/radio/radio-archives/david-hairabedian/
Our recent VCM newsletter and Free eBook on healing: https://conta.cc/3FdOF8i
Visit the site: https://virtualchurchmedia.com/.
...
2022-08-251h 05
David HairabedianLiving under an open Heaven - Keys to unlock Miracles - David HairabedianThe Importance of Hearing God's Voice, David Hairabedian
David & Joanna recently produced a 6 CD Series entitled Freedom in the Glory at Sid Roth Studios. purchase here: https://tinyurl.com/SidRothCDSeries
Watch also "How to Freeze Time: with David on Sid Roth
https://www.youtube.com/watch?v=c44rFdAZGAU
David's Podcasts: http://davidspodcasts.com/
David's TikToks: http://davidstiktok.com/
David's Youtube: http://davidsyoutube.com/
David's Vimeo: http://davidsvimeo.com/
David's Sid Roth Radio interview https://sidroth.org/radio/radio-archives/david-hairabedian/
Our recent VCM newsletter and Free eBook on healing: https://conta.cc/3FdOF8i
Visit the site: https://virtualchurchmedia.com/.
...
2022-08-181h 27
David HairabedianDavid Hairabedian Interview, Sid Roth, Its SupernaturalDavid Hairabedian Interview, Sid Roth, Its Supernatural
David & Joanna recently produced a 6 CD Series entitled, Freedom in the Glory at Sid Roth Studios. purchase here: https://sidroth.org/store/products/freedom-in-the-glory-6-cd-audio-series-by-david-code-9804/
Watch also "How to Freeze Time: with David on Sid Roth
https://www.youtube.com/watch?v=c44rFdAZGAU
Listen to Podcast/Radio interview https://sidroth.org/radio/radio-archives/david-hairabedian/
Our recent VCM newsletter and Free eBook on healing: https://conta.cc/3FdOF8i
Visit the site: https://virtualchurchmedia.com/
How can I give my tithes and offerings, support, or partner with David and Joanna?
Online: VirtualChurchMedia.com...
2022-06-271h 15Cover Your Assets KC PodcastEpisode 178: Roth Conversions in a Bear Market?Should you be considering a Roth conversion right now? David talks about the unique opportunities that a bear market provides.
What we discuss on this episode:
1:20 - Let’s talk about one of David’s favorite topics!
1:48 - What is a Roth conversion?
5:08 - Why would someone want to do a Roth conversion?
7:06 - How does a bear market impact a Roth conversion?
9:03 - Don’t wait for a market recovery.
14:16 - Should you take advantage of the opportunity?
Get addi...
2022-06-2320 min
Wanderful - Inspiration On The GoWanderful - Inspiration On The Go w/ Tina Roth Eisenberg“Trust Breeds Magic”
Tina Roth Eisenberg is a Swiss born and trained graphic designer. Over the past 16 years, she has started side projects that have organically turned into businesses: Tattly, Creative Mornings, Teux Deux and FRIENDS. Tina believes in generosity and kindness. She considers creating a fulfilling, kind work environment and welcoming, safe communities as her way of having a positive impact on the world.
Tina’s blog swissmiss launched in March of 2005 as a personal visual archive. Little did she know that it would eventually grow into a viral design journal with an average of 1 m...
2022-05-3141 min
YourStake, YourStoryYourStake, YourStory Ep. 6 - Investing with Your Values without Compromise, ft. David Roth, BFA(TM) and Michelina Roth, Co-Founders of Fair Planet Advisors Gabe Rissman 00:06Hi and welcome to another episode of your steak your story. We're a video series with advisors and for advisors focused on highlighting best practices around values based investing. Today I'm really excited to have Dave and michelina with me. Dave has been working in the financial industry for more than 20 years. And fair planet advisors represents the culmination of Dave's years of professional experience, combining his passion for protecting the goals and dreams of his clients, and doing so in a sustainable matter. And Melina is excited to bring her passion for in...
2022-05-1638 minThe Power Of Zero ShowShould High Income Earners Do Roth Conversions?This episode focuses on a question David recently got from a couple – they made $650,000 per year and wanted to know whether they should consider doing a Roth conversion. Some details about the California-based couple who asked David their question: they're both age 50, with $1.5M in their old IRAs and 401k. They had a lifestyle need of approximately $100,000 after tax, and had about $1M in liquid savings in their taxable bucket. And, lastly, they were contributing $100,000 per year to that bucket and were growing it in plain taxable mutual funds. The couple, which represents the case-study fo...
2022-04-2013 minCover Your Assets KC PodcastEpisode 152: 7 Roth Conversion MisconceptionsHow much do you really know about Roth conversions? David walks us through common misconceptions and shares why Roth conversions may be worth considering before the end of the year.
Read more and get additional financial resources here: https://www.coveryourassetskc.com/episode-152-7-roth-conversion-misconceptions
What we discuss on this episode:
0:33 - Christmas is coming!
2:11 - How soon do you need to do a Roth conversion?
3:54 - Who can do a Roth conversion?
4:54 - What are the conversion limits?
6:00 - Can yo...
2021-12-0919 min
Invest SmarterWhy and How to Start a Roth IRA for your Child | Should You Wait for a Dip to Buy Stocks?Today we talk about Roth IRAs for your kids and why you shouldn't wait for a dip to invest. Outline of the ShowRoth IRA for you kids [4:06]Don't wait for the dip [14:00]On today's show, we talk about why and how to open a Roth IRA for your child. Roth IRAs are super powerful. You put after-tax dollars into it, and you take the money out tax-free in retirement when you are over age 59 ½. Now if you have kids, I want you to consider opening a Roth IRA for them. A...
2021-10-1820 min
NXTLVL Experience DesignCulture Matters. Culture Works. with Yoram Roth Executive Chairman at Fotografiska | NeueHouse | CultureWorksABOUT YORAM ROTH:Yoram’s Profile: linkedin.com/in/yoramrothwebsites:yoramroth.com (Personal Website)cultureworks.com (Company Website)fotografiska.com (Company Website)Social Media:Twitter: https://twitter.com/yoramroth Instagram: yoram_rothLinkedIn Article: https://www.linkedin.com/pulse/looming-arms-race-cultural-experience-economy-yoram-roth/?trackingId=awEYFGPlTHShS8wDRg1OqQ%3D%3D Email: yoram.roth@cultureworks.comBIO:Executive Chairman: CultureWorks is the holding company, management and development platform for culture, experience and hospitality brands. Fotografiska is redefining the modern museum...
2021-09-011h 07The Power Of Zero ShowHow to Maximize Your Net Worth When Doing Roth Conversions & MoreDavid has written a number of books on the Power of Zero paradigm for retirement and still does about 90 speaking engagements each year. He also runs a program with around 250 advisors that help him espouse the Power of Zero worldview. The basic premise of the Power of Zero is that due to the fiscal irresponsibility of the US, tax rates will have to rise dramatically over the next few years just to keep the country solvent. Combine that situation with a skyrocketing national debt and unfunded liabilities and there are massive implications for a generation that has...
2021-01-1321 min
Know Your EnemyTalking Trump (w/ David Roth)Who is Donald Trump? The great David Roth, co-owner of Defector Media and a columnist at the New Republic, joins Matt and Sam to answer that harrowing question. From Trump's odd lies about his baseball talents to creepy White House Christmas decorations, this conversation was the perfect opportunity to unpack the neuroses, self-protective measures, cruelty, humor, and sheer weirdness of a terrible president on his way out of office. Also: Sam finally gets to do his Melania "impression"!Sources Cited:Leander Schaerlaeckens, "Was Donald Trump Good at Baseball?" Slate, May 5, 2020David Roth, "I...
2020-11-281h 24
Excel in RetirementElection 2020 Analysis - Should you Convert to a Roth IRA - What EVERY Retirement Plan Needs - Show 22In this show David Treece, a financial adviser, shares with you his election analysis and explains how COVID-19 has impacted this election. He explains how this election may affect you and your retirement. David also shares how we build all weather financial plans at Clients Excel that are built to withstand market volatility. Also, he shares with listeners reasons why you may want to consider a Roth IRA conversion and why some people probably don't need to consider a Roth conversion. David ends the show by discussing what everyone's financial plan must have. He covers...
2020-10-2137 minExcel in RetirementShould you convert to a Roth IRA?I'm excited about the podcast this week! I discuss converting your 401k or IRA to a Roth IRA.To begin the show, I share a quick story about racing bicycles. In one race I crashed. I had to be transported to the hospital on a backboard. Listen in to hear how it happened. I relate the crash to things to look out for in retirement planning.Think about financial planning like a wheel on a bicycle. You have spokes on your retirement planning wheel. The spokes are healthcare, estate planning, investments, insurance, income...
2020-07-0123 minThe Power Of Zero ShowWhat Is the Coronavirus-Related Distribution (CRD) Roth Conversion Loophole (And Should You Do It?)A Coronavirus-Related Distribution (CRD) is any distribution by a person diagnosed with Covid-19, this can also include a spouse or dependent. Alternatively, if you've been adversely affected by the Coronavirus in some way, for example being furloughed, you may qualify as well. The CRD allows you to withdraw up to $100,000 from your qualified plan and if you're younger than 59½, the 10% penalty is waived. Another benefit is you are allowed to pay the money back over the course of the next three years. The IRS treats this as a rollover instead of a contribution so you're n...
2020-06-0313 minThe Power Of Zero ShowShould I Do a Roth 401k?Should you be contributing to your Roth 401(k)? The short answer is yes because anything with the word Roth in front of it is truly tax-free. What does it mean to be truly tax-free? Roth 401(k)'s pass both litmus tests for what makes something tax-free. If you're younger than 50, you can put in $19,500 each year, and if you're over the age of 50, you can catch up a bit with an additional $6,500. You can also still get the match when contributing to your Roth 401(k). Your company will put those dollars into your tax-deferred bucket.
2020-04-2915 minThe Power Of Zero ShowWhy Now Is the Perfect Time to Do a Roth Conversion with David McKnightThe coronavirus downturn in the market is actually the perfect time to do a Roth Conversion because of the double sale that's going on. The first sale involves the next six years where we get to enjoy the lowest tax rates we are likely to see in our lifetimes. The second sale is due to the 35% drop in the stock market, your assets are now at much lower values and that means the tax on a potential Roth Conversion is also 35% lower. If you were to hypothetically convert a $1 million IRA this year your tax...
2020-04-0115 minCover Your Assets KC PodcastEpisode 66: Everything You Need To Know About Roth ConversionsHave you heard about Roth conversions? Wonder if it’s the right thing for you? David talks through different scenarios related to Roth conversions to see if it’s something that could benefit you.
Read more and get additional resources here: https://coveryourassetskc.com/episode-66-everything-you-need-to-know-about-roth-conversions/
Today's rundown:
1:38 - What is a Roth conversion?
3:37 - What benefit does a Roth conversion provide?
8:33 - What are common mistakes when it comes to Roth conversions?
11:11 - What’s the right way to do a Roth conversion?
2020-03-0520 minThe Power Of Zero ShowHow Life Insurance Will Replace the Stretch IRA with David McKnightHistorically, people who had large IRA's, and who didn't want their beneficiaries to squander their inheritance all in one year, could use a trust to make sure the funds were released over the course of their lifetime. However, due to the recently passed Secure Act, that beneficiary will be forced to spend down that money over ten years or less. The good news is that there is a way to control the flow of money in a similar fashion despite the legislation. Since it makes sense to pay taxes now while taxes are still currently...
2020-02-1918 minThe Power Of Zero ShowThe Difference Between Tax-Deferred and Tax-Free with David McKnightDavid gets the same question nearly every single week. Someone invariably asks about how if they do a Roth conversion, won't they have less money working for them in the tax-free bucket and need more time to catch up compared to had they just left the money in the tax-deferred bucket? If the government came up to you and offered to loan you some money and wouldn't tell you what the interest rate will be, would you cash the check? Putting money into your 401(k) is very similar, by doing so you are letting the government tell...
2020-02-0515 minThe Power Of Zero ShowWhat You Need to Know About Tax Changes in 2020 with David McKnightThe new year brings important changes to the IRS tax code along with various thresholds that we have to know about when it comes to Power of Zero planning. We have to be keenly aware of these thresholds because they can end up being landmines if we're not doing things correctly. The new income threshold for the Roth IRA is $124,000 to $139,000 for a single person and $196,000 to $206,000 for a married couple. The good thing about the Roth IRA is you have until April 15th of the following year to figure out how much you are going to...
2020-01-2219 minThe Power Of Zero ShowThe SECURE Act Passes–Implications for Power of Zero Planning with David McKnightThe SECURE Act was passed a couple of weeks ago and we now know what it's implications are. The big thing that everyone is talking about is that it eliminates the lifetime stretch provision for non-spouse beneficiaries of IRA's, 201(k)'s, and Roth IRA's. Now, if you're leaving your IRA to a non-spouse beneficiary like a child, they will have to realize it as income over the following ten years. If your child will inherit your IRA, they will probably do so when they are at the apex of their earning years. The question is...
2020-01-0824 minThe Power Of Zero ShowLast Call For Roth Conversions! with David McKnightThe last weeks of December are critical in terms of taking advantage of your last opportunities to do Roth conversions for the 2019 tax year. Many people think you can go all the way until December 31 but that's not always going to be the case. Some companies require you to submit a Roth conversion much earlier because they can take some time to process. Missing the Roth conversion deadline can have major tax implications. With a traditional IRA you can fund it up until April 15 of the following year, but that's not the case with Roth...
2019-12-1817 minThe Power Of Zero ShowWhat is an L.I.R.P. Conversion? with David McKnightDavid becomes very uneasy when advisors recommend that their clients take the money in their IRA and convert all of it into an LIRP. The LIRP has a lot of benefits, but it really should be used in conjunction with other streams of tax-free income. The LIRP is powerful only to the extent that it's used in collaboration with, in most cases, four to six other streams of tax-free income. That's when it really shines. An LIRP conversion is something that you would use with a client when there are no other opportunities for Roth...
2019-10-3016 minCover Your Assets KC PodcastEpisode #45: Are You Missing Out On Contributing To A Roth IRA?Maybe you’ve heard differences between a Roth and traditional IRA in the past, but how do you determine if a Roth is right for you? What are the short-term vs. long-term benefits?
On this episode:
0:33 - What’s the difference between a traditional IRA and a Roth IRA?
2:11 - Why do so many people contribute more to traditional IRAs?
3:14 - Why can a Roth be powerful for someone saving for retirement?
4:45 - Who should contribute to a Roth instead of a traditional IRA?
5:50 - Who should contr...
2019-09-2610 minThe Power Of Zero ShowThe Great Roth Conversion Myth with David McKnightYou will find articles on the internet that claim that if you are going to do a Roth Conversion you have to do it a number of years before retirement, because you must have the ability to recuperate the dollars you've paid towards tax, but that doesn't stand up to the math. David goes over the example of two brothers, each taking a different approach to investing $100. One goes for the tax deduction on the front-end approach, and one for the tax-free approach. The moral of the story is that most people believe that if...
2019-08-2813 minThe Power Of Zero Show15 Things You Should Know about the Roth IRA--Part 2 with David McKnightToday, we continue last week's discussion of 15 Things You Should Know about the Roth IRA, with Part 2. You can not take a required minimum distribution from an IRA and turn it into a conversion, you have to deposit it somewhere else. The ideal scenario is to preemptively convert all your IRA's to Roth IRA's before you would want to. Roth conversions have to be done before December 31 but that makes it a real challenge to know what your modified adjusted gross income will be for the year by that time of the year. ...
2019-07-3115 minThe Power Of Zero Show15 Things You Should Know about the Roth IRA--Part 1 with David McKnightA true tax-free investment will meet two basic tests. They will first be free from every type of tax which means free from federal tax, state tax, and capital gains tax. The second thing is that the investment can't count as provisional income. Roth IRA's meet all those criteria as long as you are at least 59 and a half. Anything with the word Roth in front of it should be embraced as a truly tax-free investment, including Roth IRA's, Roth Conversions, and Roth 401(k)'s. You can't make a significant amount of money and invest...
2019-07-2414 minCover Your Assets KC PodcastEpisode #33: Should You Contribute To A Roth or Traditional IRA?Are you trying to decide where you should contribute money toward retirement? Whether you are 20 or 60, David will talk through some of the things to consider before you decide between a Roth IRA or traditional IRA. The difference down the line is worth taking time to thoroughly consider now.
Full show notes: https://coveryourassetskc.com/episode-33-should-you-contribute-to-a-roth-or-traditional-ira/
----more----
Equipping Points:
1:25 Where do I contribute: Roth IRA or traditional IRA?
The main difference is taxes, which can be a massive difference. With a traditional IRA you get a tax deduction the year of the deposit, b...
2019-07-0314 minThe Power Of Zero ShowA Power of Zero Case Study (No Pension) with David McKnightLet's say we've got two 60 year olds that want to retire at the age of 65. They've got $300,000 in their taxable bucket, $700,000 in their tax deferred bucket between their IRA's and 401(k)'s, and nothing in the tax free bucket. The first step to getting into the Power of Zero paradigm is being convinced that tax rates in the future are going to be dramatically higher than they are today. The second step is that given that tax rates are going to be higher in the future than they are today, realize that there is a...
2019-05-2915 minThe Power Of Zero ShowWhat's Better - the Roth IRA or the LIRP? with David McKnightEvery once in a while an advisor will attempt to elevate the LIRP by diminshing the Roth IRA. They may, for example, say that the Roth IRA has some inherent limitations, including income limitations--if you make too much money or too little money--lack of plan completion insurance, and the inability to access the money until you're 59.5 years old. You're also susceptible to declines in the stock market. The Life Insurance Retirement Plan, on the other hand, has no contribution limits and no income limitations. It's often referred to as the rich man's Roth because it has many...
2019-04-0317 minThe Power Of Zero ShowThe Back Door Roth and Roth Recharacterizations with David McKnightWith a Roth IRA you have income limitations. At a certain amount of income, the amount you can put into a Roth IRA begins to reduce and at $203,000 in yearly income you can no longer do a Roth IRA. This is problematic for people that have a lot of taxable income in a given year. There are ways around the limitation but it comes with strings attached. If you make more than $203,000 in gross income as a married couple, you can take advantage of a Traditional IRA. The tradeoff here is you get a tax deduction now...
2019-03-2714 minThe Power Of Zero ShowShould I Do A Roth Conversion? with David McKnightAnyone can do a Roth conversion. You need to have money in an IRA. There are no income limitations. The question comes down to how much tax you want to pay. Do you feel like your tax bill will be lower or higher if you were to postpone the payment of that tax? Some opponents of Roth conversions will say that you won't get the full amount of money in your IRA working for you. However, you have to remember that the IRS partners with you in that account and their portion of that money...
2019-02-2724 minThe Power Of Zero ShowDavid McKnight's Interview with the Nation's #1 Financial Podcast, Stacking BenjaminsThe story David tells at the beginning of the book is a tale about David Walker, the former Comptroller General for the federal government. Back in 2008 he appeared on a radio show and told them that tax rates have to double. The math says that the country is going to go bankrupt unless tax rates go up dramatically in the next ten years. Most of us are putting money into tax-deferred plans hoping that taxes will be lower in the future than they are now. Back in the 70's and 80's the tax-deferred strategy actually...
2019-01-2317 min
SchwarmtalerST015 exklusiv - Von Musik für Kinder und ErwachseneAls ich in das Studio von Verena Roth und Florian Erlbeck trat, fiel mir zwischen dem ganzen professionellen Studio-Equipment ein kleines robotron-Radio aus den achtziger Jahren auf. Florian erklärte, dass dies ein wunderbares Teil sei, um zu prüfen, ob ihre Produktionen auf wirklich allen Geräten gut klingen. In dem Moment war klar, dass der hohe Anspruch an die eigenen musikalischen Ergebnisse nicht nur ein Statement ist sondern gelebt wird. Und genau an guten Musikproduktionen für Kinder soll es nach den Aussagen der beiden mangeln. Das Projekt "Muckemacher" mit der CD "Diggidiggi Bambam" soll eine CD mit elf...
2014-05-011h 31
李峙【李峙的不老歌】你不知道的David Roth 你会爱上的David Roth电脑硬盘是有容量限制的，记忆亦是如此。有的人不是不喜欢，是还没出现；有的声音不是不爱听，是未曾听到。
我想和你一起听也许你不曾知道，却会爱上的David Roth。
网络是一个巨大的图书馆，但图书馆也有存书盲区。能找到的关于他的资料少之又少：他是歌手，声音超低沉，来自美国芝加哥。除此之外，好像就一无所知了。
所以，我们又需要用一种感性的姿态聆赏这把性感的嗓子了。
该如何形容他的声音呢？性感？细腻？稳重？安详？又或者，我们找一些感官熟悉的事物来做比喻：巧克力？咖啡？丝绸？
我词穷了。
语言苍白的时候，我用声音抓住你。本期【唱片街@暖色调】，听“你不知道的David Roth，你会爱上的David Roth”。
【播放歌曲】
01. Blowing In The Wind
02. That Kind of Grace
03. Where Have all the Flowers Gone
04. Mother's Day Card
05. John and Josie
06. Before I Die
07. Flag of Hope
08. Vincent
09. Pearl Diver
10. Rising in Love
2013-10-1853 min