Ep #11: Minimizing Your Lifetime Tax Bill with Kaz Nesbitt
Today we are joined by Kaz Nesbitt, CPA, CA, who is the Senior Manager at Grant Thornton. Kaz helps business owners and high net worth individuals save thousands of dollars by structuring their succession plans, estate plans and compensation strategies in a tax-efficient manner to maximize wealth. In this episode, Kaz joins the show to explain how you can limit your lifetime tax bill and shares several things to consider as you approach retirement.
Listen in as he shares his advice on risk income planning and how to ensure there isn’t a big tax bill left for your family to deal with when you pass away. You will learn Kaz’s thoughts on maximizing tax-free savings accounts in retirement, harvesting capital gains and losses, and the importance of always looking at the big picture.
What You’ll Learn In Today’s Episode:
How to limit your lifetime tax bill.
Several things to consider as you approach retirement.
How to minimize the tax bill left for your family when you pass away.
How to maximize tax-free savings account in retirement.
How to harvest capital gains.
Tax consequences to consider if you own a property.
Ideas Worth Sharing:
“Pay a little bit of tax now so you don’t have to pay more later.” – Kaz Nesbitt
“Don’t let the tax tail wag the economic dog.” – Kaz Nesbitt
“As long as you have a balanced portfolio across your accounts, generally things work themselves out.” – Kaz Nesbitt
Resources In Today’s Episode:
If you like Your Retirement Planning Simplified…
Never miss an episode by subscribing via Apple podcast, Spotify, Stitcher, Google podcast, or by RSS!
Whenever you’re ready… here are 2 ways I can help you with your Retirement Planning:
Are you ready to retire? Use my FREE Retirement Readiness Calculator to run your numbers to see if you’re truly ready to retire.
Book your Intro Call with me to see if my expertise matches your situation. If I’m not the right fit for you, I will happily point you in the right direction to get the advice you need.