David McKnight - Tax-Free Income for Life: A Step-By-Step Plan for a Secure Retirement

PRAISE FOR TAX-FREE INCOME FOR LIFE

Tax-Free Income for Life is one of the most important books in the pioneering tax-free retirement planning paradigm to date. Its the only book of its kind to address market risk, tax rate risk, and longevity risk within one powerful, comprehensive strategy. Its a must read for those preparing for a happy and prosperous retirement.

Brian Hanson, Hanson Wealth Management, Eden Prairie, Minn.

Finally, a book that puts the whole plan together! This book covers every issue a retiree may face and how to plan for it. Planning for retirement is complex, but this book gives step-by-step guidance, and ties everything together in a way that is easy to understand.

Jennifer Baker, CFP, CPA, RICP, Baker Wealth Strategies, Houston

This books message couldnt be more timely! These revolutionary principles are laid out in a digestible format while underscoring the need to work with an experienced and qualified financial professional. Tax-Free Income for Life is going to reshape the way you plan your retirement!

Jeffrey Tamas, CFFM, FIC, Ideal Retirement Solutions, Port Charlotte, Fla.

As a CPA, I realize that the more you can eliminate risk, the better chance you have to succeed in anything you do. This book is a must read for those who want to reduce the financial risks they will be facing in retirement, so they can live a more prosperous life.

Dave Hall, CPA, Etrends Group, Collierville, Tenn.

David McKnights new book lays out an actionable plan for sustainable retirement income throughout retirement. In this follow-up to The Power of Zero, he explains why tax-free guaranteed lifetime income is an indispensable part of every retirement plan. Its a message that drives home the importance of working with a professional financial adviser to keep your plan on track. Well done!

Craig W. Jergenson, CFP, Coach Craig Financial, Maple Grove, Minn.

Most Americans underestimate tax rate risk along with myriad other retirement risks. This book not only shows you how to mitigate these threats, but does so in plain English, providing solid, comprehensive, and easy-to-understand solutions.

Robert M. Ryerson, CFP, New Century Planning, Waldwick, N.J.

David has done it again! His understanding of what pre-retirees and retirees are looking for in a comprehensive retirement strategy is unparalleled in our industry. In this book, he adeptly lays out an objective approach to successfully navigating the opportunities and pitfalls leading up to and through ones retirement years. This is a must read for consumers and financial professionals alike.

Shawn Sigler, MSM, CLTC, Financial Independence Group, Cornelius, N.C.

If youve read David McKnights other bestselling books, this one ties it all together with a step-by-step approach to building a risk-proof retirement plan. Inside is the complete formula. A must read!

Victoria Larson, Vitality Investments, Sarasota, Fla.

If you are looking for a concise and understandable explanation of how to mitigate each of the important risks in retirement income planning today, this is your book!

Michelle Gessner, CFP, Gessner Wealth Strategies, Houston

In what is essentially a sequel to his bestselling book and powerful film, The Power of Zero, McKnight addresses what is truly most important to retirees: tax-efficient, if not completely tax-free, lifetime income. The data, concepts, and techniques in this book are explained in a way anyone can understand, and his style is both inspiring and empowering.

Paul Murray, AIF, ChFC, CDFA, PTM Wealth Management, Chalfont, Penn.

David McKnights newest book couldnt be timelier. His proven strategies to mitigate retirement risks, particularly his tax-free approach to guaranteed lifetime income, are masterfully presented.

Randy C. Cowell, M.S. LUTCF, ACT Financial Services, Inc., Tulsa, Okla

Another home run by bestselling author David McKnight. He has identified the major obstacles to a great retirement and then gives you powerful solutions. Anybody going into retirement would be well-served to study this book.

Navi Dowty, CFA, CTS, Navi Dowty and Associates, Chicago

David McKnight makes difficult concepts easy to understand and gives good, practical solutions to what can be overwhelming and complex issues. Well done!

Mark Byelich, CFP, Wealth and Advisory Associates, Yardley, Penn.

More than ever, retirees are at risk of running out of money prematurely. David McKnight lays out advanced planning strategies that, when implemented properly, will protect your wealth and provide more dependable retirement income.

Lane G. Martinsen, author of The Holistic Retirement Planning Revolution

Portfolio /Penguin

An imprint of Penguin Random House LLC

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Copyright 2020 by David McKnight

Penguin supports copyright. Copyright fuels creativity, encourages diverse voices, promotes free speech, and creates a vibrant culture. Thank you for buying an authorized edition of this book and for complying with copyright laws by not reproducing, scanning, or distributing any part of it in any form without permission. You are supporting writers and allowing Penguin to continue to publish books for every reader.

Library of Congress Cataloging-in-Publication Data

Names: McKnight, David C., author.

Title: Tax-free income for life : a step-by-step plan for a secure retirement / David McKnight.

Description: New York : Portfolio, [2020] |

Identifiers: LCCN 2020032035 (print) | LCCN 2020032036 (ebook) | ISBN 9780593327753 (hardcover) | ISBN 9780593327760 (ebook)

Subjects: LCSH: Retirement incomePlanning. | Finance, Personal. | RetirementPlanning. | Investments.

Classification: LCC HG179 .M25124 2020 (print) | LCC HG179 (ebook) | DDC 332.024/014dc23

LC record available at https://lccn.loc.gov/2020032035

LC ebook record available at https://lccn.loc.gov/2020032036

The information in this book is for general use and, while we believe the information is reliable and accurate, it is important to remember individual situations may be entirely different. Therefore, information should be relied upon only when coordinated with individual processional tax and/or financial advice. You need to consider your specific situation including your health and legacy goals before acting on any information presented in this book. Please note that neither the information presented nor any opinion express is to be considered as an offer to buy or purchase any insurance or securities products and services referenced in this book.

The information provided is not intended as tax or legal advice and may not be relied on for the purpose of avoiding any individual Federal or State tax penalties. David McKnight, his employees, or representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax and legal counsel. They are also encouraged to seek advice from their own financial and/or insurance professional.

Cover design: Brian Lemus