Beyond MD: Re-examining pension plans for professionals

Re-examining pension plans for professionals

Today I'm thrilled to welcome Jason Pereira, award winning financial planner to the show to re-explore pension plans for professionals. The focus is on the IPP, the individual pension plan. Discussion Points:

  • Individual Pension Plan (IPP) overview (2:40)

  • Jason's background (5:25)

  • key definitions - defined benefit (DB) & defined contribution (DC) pensions (6:10)

  • how is the DB of an IPP calculated? (7:18)

  • When to start an IPP? Thoughts on waiting longer & reducing fees (11:20)

  • Who is the ideal candidate for an IPP? (14:08)

  • Is there an income threshold below which an IPP makes no sense? (16:25)

  • Is there a ceiling to the DB? (18:05)

  • Jason's thoughts on the RCA (21:02)

  • IPP vs PPP (26:00)

  • Does is make sense to place conservative assets inside the DB component? (30:33)

  • Is the contribution amount similar across different pension types? (32:28)

  • Navigating the pension landscape (32:50)

  • IPP vs RRSP & Spousal RRSP (34:30)

  • IPP vs investing in a corporation with new cap gains rules (35:15))

  • Common mistakes professionals & business owners are making (37:45)

  • Improvements upcoming to financial planning in Canada (42:26))

  • The most valuable lesson Jason has learned (50:00)

Yatin: beyondmdpodcast@gmail.com (mailto:beyondmdpodcast@gmail.com)   / yatin-chadha-29074b109  

Guest AppearancesJason PereiraFinancial Planning