The Power Of Zero Show

Jan 28 2025 325 ep. 15 mins 168
The Power Of Zero Show Podcast artwork

Tax rates 10 years from now are likely to be much higher than they are today. Is your retirement plan ready? Learn how to avoid the coming tax freight train and maximize your retirement dollars.

  Business  Education
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The Guru Gap: How America’s Financial Gurus Are Leading You Astray and How to Get Back on Track

Jan 28 2025 63 mins  
Today’s episode is a podcast guest interview David McKnight did for Josh Jalinski’s The Financial Quarterback Podcast. David gives Josh’s audience a quick bio that spans from his early days in the financial services space in 1997 all the way to his latest book The Guru Gap. The premise of The Guru Gap is the difference between the 1990s when people had very few options to vet

Suze Orman: Here’s Why Annuities Are So Bad! (Avoid Them at All Costs!)

Jan 21 2025 9 mins  
David McKnight takes a closer look at Suze Orman’s take on annuities – and at why she recommends her audience avoid them at all costs. Suze Orman labels the 5.4% compounded annual rate of growth one of her audience members (Janet) has had over the last six years as “horrific in today’s market.” David believes that the main issue with Suze Orman’s approach is that it eng

Congress Approves $200 Billion in Additional Social Security Benefits: Do You Qualify?

Jan 14 2025 6 mins  
This episode looks at whether you qualify or not for the $200 billion Social Security benefits approved by the U.S. Congress. Host David McKnight shares that, with the current status quo, the Social Security Trust Fund is on pace to go bust by 2033. If that were to happen, only about 83% of benefits would be paid out… If signed into law by President Joe Biden, the Social Securit

At What Tax Bracket Should I STOP Contributing to Roth: Responding to The Money Guy Show

Jan 07 2025 6 mins  
In this episode, host David McKnight tackles a question about the tax bracket at which you should stop contributing to the Roth IRA and start contributing to the traditional IRA. The inspiration for this episode was a recent episode of The Money Guy Show. David believes that advice such as that shared on The Money Guy Show doesn’t consider most of the people asking questions like

New Study: Retirees with Annuities Spend MORE than Those Who Rely on Investments Alone

Dec 31 2024 6 mins  
David McKnight looks at a recent study on retirees that seems to tell a different story compared to what many people in the U.S. tend to believe. Americans often view guaranteed lifetime income annuities skeptically – they’re perceived as a drag on the growth of their stock market portfolio. According to the study by retirement researchers David Blanchett and Michael Finke, re

The US Debt Crisis: Will DOGE Really Move the Needle?

Dec 24 2024 5 mins  
The episode explores whether the proposed Department of Government Efficiency (DOGE) will move the needle when it comes to the U.S. debt crisis. Some people see DOGE as the bold move America needs to solve its looming debt crisis. Elon Musk believes that DOGE can rip out at least $2 trillion out of the $6.5 trillion Biden-Harris budget – however, David McKnight disagrees. David g

Why I Wrote a Book Exposing Dave Ramsey

Dec 17 2024 8 mins  
The episode kicks off with David McKnight sharing his view of the guru’s approach: “to go about half an inch deep and ten miles wide.” David discusses a sort of clash that financial planning gurus are creating by trying to attract — or even 'steal' — clients from financial planners who already have them. The goal of financial planners should be to provide a bridge between

First Major Book Critical of Dave Ramsey Retirement Advice Set to Publish

Dec 10 2024 29 mins  
This episode is based on David McKnight’s interview with Lane Martinsen on Financial Fast Lane. David shares how he started in the financial planning industry, as well as the backstory of his new book, The Guru Gap. The Guru Gap focuses on several financial gurus such as Dave Ramsey, Suze Orman, Clark Howard, and Ramit Sethi. David finds it interesting to see financial gurus demo

First Book Critiquing Dave Ramsey's Retirement Advice Set to Publish

Dec 03 2024 20 mins  
This episode is based on David McKnight’s recent interview for Stephen Gallo’s podcast. David explains how the advice shared by gurus tends to work – and the role financial advisors play. David touches upon his concept of “Dave Ramsey’s circle of poverty.” According to Wade Pfau, adopting the approach shared by Dave Ramsey will lead to you running out of money in advanc

How to Tell If a Financial Guru Is Telling You the Truth

Nov 26 2024 10 mins  
This episode is part of David McKnight’s guest interview with Kyle Solon. David talks about the importance of math when it comes to decisions related to using cash value, life insurance, and annuities. A recent Ernst & Young study showed a surprising stat about who had the highest income in retirement and passed the most money on to the next generation. David illustrates the conc