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Ep 197: The Inflation Reduction Act of 2022--Will It Raise Your Taxes?

August 10, 2022
David breaks down the Inflation Reduction Act of 2022 and how the bill will potentially curb inflation by reducing the deficit, investing in domestic energy production, and promoting clean energy solutions. As far as Biden's Build Back Better Initiative is concerned, imposing more taxes on individua...

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David McKnight
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David McKnight
David McKnight is a highly regarded speaker whose workshop The Power of Zero has been seen by thousands of Americans across the country. He has made frequent appearances on Bloomberg Radio, The New York Times, CNBC, Yahoo! Finance, Nasdaq.com, Reuters, Investor’s Business Daily and numerous other national publications. Most recently David was a main platform speaker at Forum 400, an annual gathering of the top 1% of financial advisors in the country. In the summer of 2014, he was a Focus Speaker at the annual world-wide meeting of the Million Dollar Round Table in Toronto, Canada.

All the Episodes

Ep 197
The Inflation Reduction Act of 2022--Will It Raise Your Taxes?
August 10, 2022Duration: 09:10

David breaks down the Inflation Reduction Act of 2022 and how the bill will potentially curb inflation by reducing the deficit, investing in domestic energy production, and promoting clean energy solutions. As far as Biden's Build Back Better Initiative is concerned, imposing more taxes on individua...

Listen to EpisodeListen to Episode
Ep 196
Whole Life vs. Indexed Universal Life and More…
August 3, 2022Duration: 16:21

David is asked about the pros and cons of the Indexed Universal Life – or LIRP – and what to look for when researching it. As far as LIRPs are concerned, David suggests looking for contracts that are both tax- and cost-free. David discusses some mistakes that some experts such as Dave Ramsey make wh...

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Ep 195
How to Mitigate Long-term Care Risk…Without the Heartburn
July 27, 2022Duration: 15:41

David shares that he got into the industry during the “calm before the storm.” It was 1997 and, during the State of the Union, President Bill Clinton announced that the national deficit was simply zero. Today, less than 25 years later, the national debt is $30 trillion. By 2010, however, David Walke...

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Ep 194
Can You Retire on Life Insurance Alone?
July 20, 2022Duration: 09:30

There's this belief among financial experts that life insurance is the financial silver bullet. However, as David explains, that's not 100% accurate.  Yes, life insurance can mitigate every retirement risk and solve all forms of retirement problems, but it's never a safe bet when implemented all on...

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Ep 193
The Bombshell in the 2022 Social Security Trustees Report
July 13, 2022Duration: 09:33

David shares that the 2022 Trustees Report raises a sharp warning cry about the catastrophic short- and long-term trajectories of the Social Security program. The surplus that had built up over the years as Baby Boomers plowed money into the Social Security program is beginning to draw down as the s...

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