2024 1210 - The Power of Zero / David McKnight - New Book on Dave Ramsey and Suze Orman Reveals Secrets They Don’t Want You to Know - [VIDEO-YouTube-29:42]
Lane ?
Book - The Guru Gap, by David McKnight
1997 - Career Began
Information Sources - Then vs. Now
Then - Family . Friends -
Now - Google - Dave Ramsey, Suze Orman, Clark Howard,
2:30 - Wade Pfau, Forewood to Book - "Crown Jewel in the Retirement Planning Scene these days."
David McKnight - "We use Math and Actuarial Science to undergird all of our recommendations"
6 - 4% Rule, Dave Ramsey - Caller - Lemmings,
9 - Target Market - Sophisticated Consumers
11 - Dave Ramsey Circle of Poverty
Retirement Invcome - Sequence Risk,
15 - Financial Gurus vs Mainstream Advisors
Academics - Guaranteed Income Annuiities
Ken Fischer - I hate Annuities
Wade Pfau -
16 - Tough to get people to write for David McKnight
Radioactive Topic - Controversy
Lonely Battle
First Book of its kind
17 - 10 Issue Dave Ramsey Guy - David McKnight - Large axe to grind - Platform to get it done
Looking for a response from Dave Ramsey
mathemativally viable retirement strategies
21- hope vs math, logic
22 - Chapters 5 and 6 - Financial Gurus vs Mainstream Advisors
Ernst and Young Paper
How long your money will last in retirement.
"Tax-Free Retirement Strategy that lasts as long as you do."
24 - End Goal / of the Book
"Engender a massive dialogue between Americans and Financial Gurus."
01:30 - David McKnight - MPI works on Paper, Can't show on an Illustration, Curtis uses a spreadsheet he made, lots of moving parts - on paper vs real life, How it's going to go in reality... Track Record, persistency,
Carson Porter - Monte Carlo Testing, Stress Testing, Such a complicated strategy. Will Ma and Pa stick with it, and if they won't, if there's not persistency, is it ethical? What was the point in the first place?
5 - David McKnight - It doesn't matter how much it makes sense on paper, if it doesn't lead to a positive outcome they would have been better off never to have done it to begin with.
5-
6 - David McKnight - So, yeah, well see . In 10 years.... It could be the worst thing ever, or it could be the be the best thing ever. We'll just see how it goes.
2013 0927 - ThinkAdvisor.com - What most retirement gurus get wrong: Want to help your clients reach the zero percent tax bracket? Recommend life insurance, By David McKnight - [link]
2013 - LifeHealthPro - What most retirement gurus get wrong: Want to help your clients reach the zero percent tax bracket? Recommend life insurance, By David McKnight - 3p
2013 - Book - The Power of Zero, Revised and Updated: How to Get to the 0% Tax Bracket and Transform Your Retirement, by David McKnight
As part of this tour, Walker recently appeared on a nationwide NAIFA ClientCast where he made more prognostications about our country’s future. Here are a few excerpts from his talk, along with my comments.
2016 1110 - ThinkAdvisor.com - Expect some Americans' tax rates to double, By David McKnight - [link]
2016 - Book - Look Before You LIRP: Why All Life Insurance Retirement Plans Are Not Created Equal, and How to Find the Right One for You, by David McKnight - 102p
2017 - Book - The Power of Zero Marketing Revolution, by David McKnight
The former Comptroller General of the Federal Government David Walker once wrote a CNN op-ed entitled Why Your Taxes Could Double. In this article he laid out the case that, sooner or later, tax rates will have to rise, perhaps even double, if our country is to avoid fiscal calamity. The cost of unfunded obligations like Social Security and Medicare will begin to crowd out all other budget items until the government is forced to either double taxes, reduce spending by half, or some combination of the two.
2018 - Book - The Power of Zero, Revised and Updated: How to Get to the 0% Tax Bracket and Transform Your Retirement, by David McKnight
2023 0303 - The Power of Zero / David McKnight - Should You Ditch Your 401k Match and Do an IUL Instead? (Fibs of TikTok Episode 1) - [VIDEO-YouTube-13:43]
2024 0208 - The Power of Zero / David McKnight - Is Cash Value Life Insurance a Good Bond Replacement? (With Wade Pfau) - [VIDEO-YouTube-08:23]
2021 0323 - Forbes - Treating Cash Value As A Fixed-Income Investment Choice, by Wade Pfau, The American College; Principal @McLean Asset Management - [link]