Hi everyone, I just read a great book called the Power of Zero by David McKnight. Its a book that is a very quick read with around a 90 pages, but is packed with great information about how to better prepare for retirement and target being in a 0% tax bracket and shows you how to minimize the amount of taxes you could pay to the federal and state governments. Really simple and informative. This is a must read for everyone who already has a plan and especially those who don’t for the future.
Here is quote about the book by Hon. David M. Walker former US Comptroller General:
“There’s a massive freight train bearing down on the average American investor, and it’s coming in the form of higher taxes. The United States Government has made trillions of dollars in promises for programs like Social Security and Medicare it simply can’t afford to keep. The only way to deliver on these promises is to raise taxes. It’s simple math. Some experts have even suggested that tax rates have to double just to keep our country solvent. Unfortunately, if you’re like most Americans, you’ve saved the majority of your retirement assets in tax-deferred vehicles like 401(k)s and IRAs. If tax rates go up, how much of your hard-earned money will you really get to keep?
In David McKnight’s ground breaking book The Power of Zero, he provides you with a step by step road map on how to get to the 0% tax bracket, effectively eliminating tax rate risk from your retirement picture. Why is the 0% tax bracket so powerful? Because if tax rates double, two times zero is still zero! The day of reckoning is fast approaching. Are you ready to do what it takes to experience the power of zero?”
I recommend it to all my friends and family. Take look or listen to it!
Mark