IF 05: Don Tofin - Taxation Planning to Fund Retirement

Donavon Tofin is at the centre of The Retiring Farmer™ Wealth Management Process. As the original creator of The Retiring Farmer™ concept, he believes in the importance of financial planning for farmers, ranging from the management and monitoring of their financial and tax affairs, to assisting with their estate matters. He has over thirty years of experience working with farm families and the Saskatchewan agriculture community, concentrating primarily on farm succession and restructure strategies integrating his expertise with income tax, investment management, insurance, retirement and estate planning. I was fortunate to attend Don's seminar at The Farm Progress Show in Regina this past summer, and wow, what a wealth of information Don is. I had so many great takeaways from our time together, most importantly, just how financially rewarding financial and tax planning can be. Not only can it change a retirement....it literally could change the financial situation of your family for generations to come. Key Takeaways: Farmers are such amazing and busy producers, however, it's crucial that important subjects like financial and tax planning don't get pushed off. Regardless of your age, financial and tax planning is so important. How important is it? Proper planning can change your life, your retirement and the financial situation of your family for generations to come. Now that is a legacy! This "stuff" doesn't need to be boring or hard. Really, it's simple. Answer Don's two crucial questions and the rest is a piece of cake. Please do yourselves a financial favor and do not miss this episode!