The 12 Rules for a Power of Zero Retirement with David McKnight

[@dancasey9660]

Which is better, converting to tax free by 2026, but being in a higher tax bracket like 22% or 24%, or converting over 10 years at the 12% bracket which becomes 15% starting in 2026? To convert what I have by 2026 puts me higher, but could probably do it comfortably by 2030 at the lower bracket. If everything works right, I won't take Social Security until 70. At minimum I'm shooting for FRA.

[@DavidMcKnight]

Dan Casey Stay in the 12!

[@vivianc2963]

How do you connect with a power of zero specialist? Can you provide a link?

[@DavidMcKnight]

Vivian Cullen Go to davidmcknight.com and submit your contact info and we’ll get back to you!

[@jessestamm]

What would you flip a 401k to if not an annuity?

[@DavidMcKnight]

A Roth IRA?

[@comingshortly]

1. We don’t know tax rates will go up in 2026. Sunset may or may not happen. 2. More RMDs and more tax means my accounts did well. I am good with that vs paying tax now and risking market losses. 3. Today’s dollars are worth more than dollars many years in future when taxes are due on RMDs. 4. Anyone who is in position to have SS be non taxable won’t ever have RMDs high enough to justify a Roth conversion. 5. I agree with the long term care comments and LIRP. 6. I will never need to touch my brokerage account except to take capital losses. My heirs will get a step up in basis so effectively it is tax free. And unlike a Roth they won’t need to withdraw it in 10 years.

[@DavidMcKnight]

I agree with 1 and 5.

[@nine9me]

Here because of Pat Bet David

[@Youngprada89]

Same

[@RealEstateForDreamers1]

Me too