Your Roth Conversion Roadmap for the Next 10 Years and Beyond

The Power Of Zero Show

David discusses how much of your IRA you should convert, in what amounts and over what time frame.

If you’re not convinced by the possible dramatic increase in tax rates in 2031 to bump you into the 32% bracket, you’re not alone…

A whole battery of experts predict that tax rates will have to rise dramatically to help service the national debt and with the $200 trillion in shortfalls in Social Security, Medicare, and Medicaid.

In Comeback America, former Comptroller General David Walker predicted that effective tax rates for all taxpayers need to double by 2030.

David touches upon what would happen if the government doesn’t increase its taxes by 2043.

David mentions what your Roth conversion roadmap should look like in the next 10 years – and beyond – if you have the lion’s share of your retirement savings in tax deferred accounts like IRAs and 401(k) plans.

There’s one thing that you shouldn’t do before the “tax deadline.” You should not bump into the 32% tax bracket or higher.

David goes over what he refers to as a “wait-and-see approach.”

Mentioned in this episode:

David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code

DavidMcKnight.com

DavidMcKnightBooks.com

PowerOfZero.com (free 3-part video series)

@mcknightandco on Twitter

@davidcmcknight on Instagram

David McKnight on YouTube

Get David's Tax-free Tool Kit at taxfreetoolkit.com

Comeback America: Turning the Country Around and Restoring Fiscal Responsibility by David Walker

Penn Wharton