Tax-Free Income for Life
Tax-Free Income for Life
Tax-Free Income for Life
Ratings1
Average rating3
15
Tax-Free Income for Life
Tax-Free Income for Life
Ratings1
Average rating3
The follow-up to the bestselling The Power of Zero, providing a blueprint to build a guaranteed, tax-free income stream that lasts for the long run. American retirees face a looming crisis. We are living longer than ever before, and most experts predict a dramatic rise in tax rates within the next ten years. The hard truth is that no matter how much you save, you are likely to outlive your money or watch it be taxed into oblivion. But when traditional retirement distribution strategies won't provide sufficient income in the face of higher taxes, what can you do? Tax-Free Income for Life lays out a comprehensive, step-by-step roadmap for a secure retirement. McKnight shows how the combination of guaranteed, inflation-adjusted lifetime income and a proactive asset-shifting strategy can shield you from longevity risk and the cascade of unintended consequences that result from higher taxes. It's an innovative and proven strategy that maximizes return while effectively neutralizing the two biggest risks to retirement savings. If ever there were a solution for the American retiree, it's guaranteed tax-free income for life.
Reviews with the most likes.
I am not familiar with the author but I'm guessing he is paid by insurance companies or was for a long time. I think annuities do have a time and place as part of your total plan but this dude sells it pretty hard. I give this pitch and the first portion of the book making that pitch like zero stars.
The second half of the book walks through fairly detailed planning of converting a traditional 401k into a Roth IRA this part of the book I think is well thought out and well laid out. All the stars in my rating come from this portion of the book.
I might be too hard on annuities but I feel like if you've gotten into social security then you already have some form of annuity built into your retirement program. I don't know if they're cool enough to double down on. I do kind of like the idea of a life insurance vehicle that will pay for long-term care and provide a death benefit if you don't use it I'll have to look into it.
