Optimize Your Surplus Cash: Keep More Growth, Pay Less Tax 

Let’s say you’re sitting on a surplus of cash. Whether it came from an inheritance, you recently sold a property, or you’re just a great saver, you want to get the most out of that cash without sacrificing a lot in taxes.
Today we’re going to show you some different options for that cash by using another sample hypothetical. We want you to see how that cash could potentially be hurting your taxes and get a better idea of ways to optimize your money. Hopefully, you’ll be able to relate to this scenario regardless of the amount of cash you have on hand and start thinking of options that can help grow your savings.
Here’s some of what we discuss in this episode:
0:00 - Intro
1:03 - Sample scenario
3:27 - Tax projections
5:21 - Option 1: High-interest savings account
9:20 - Option 2: Equities
16:39 - What to keep an eye on
#taxes #cash #taxplanning
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