1. How the 2020 Presidential Election Affects Retirement & How to Pay 0% Taxes in Retirement | with David McKnight

There are two questions that we’ve been getting a LOT lately: What will happen if Trump gets re-elected? What happens if Biden is elected?  We’ll help answer these questions and figure out if you need to do anything to prepare. 

Then Beau hops on a call with David McKnight, author of “The Power of Zero: How to Get to the 0% Tax Bracket and Transform Your Retirement.” We talk about how you can reach that elusive goal of paying no taxes — and why it might not be quite as elusive as you think.

DISCUSSION TOPICS

• Meeting Carl Lubbe, our co-host
• “Majority of workers expect their ‘retirement’ to include a job, survey shows”
• “How To Make Investment Bets On November Elections”
• How COVID-19 has affected many retiree’s travel plans
• Safe travel alternatives
• Is it really possible to pay 0 taxes in retirement?
• What you can start doing today to lower your tax burden
• Why it matters that tax rates will have to be higher in the future
• The ideal amount of money to have in savings
• Trying to change the paradigm for CPAs
• Making a plan for long-term care

Resources:

• davidmcknight.com
• “The Power of Zero: How to Get to the 0% Tax Bracket and Transform Your Retirement”
• Watch “The Power of Zero” documentary on Amazon

The Retirement Resource is produced by Crate Media.