Ep #99 - Comparing Pension Plans for Incorporated Doctors - with Sean Wilson & Navaz Cassam
beyond MD with Dr. Yatin Chadha
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Navigating Pension Plans for Incorporated Physicians
This chapter examines the intricacies of pension funding formulas, specifically comparing the Healthcare of Ontario Pension Plan (HOOPP) with Individual Pension Plans (IPP) for incorporated physicians. It discusses contribution structures, benefit calculations, and eligibility criteria, emphasizing how these plans impact financial decisions and household cash flow for healthcare professionals. The chapter also addresses the advantages of each plan, including tax-deferred funding opportunities and the flexibility in investment choices offered by IPPs.
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