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beyond MD with Dr. Yatin Chadha
beyond MD bridges the gap between medical training and financial literacy.
Led by mid-career Canadian radiologist, Yatin Chadha, beyond MD empowers practicing physicians, medical trainees, and other professionals to build confidence and clarity around money.
Episodes feature interviews with subject experts to help listeners gain knowledge around topics like professional corporations, investing, insurance, pensions, real estate, trusts, and estate planning.
Yatin also frequently interviews his own colleagues to shed light on valuable life and money lessons learned over time.
Tune in to beyond MD (episodes are bi-weekly) to build your financial acumen and live your best life today.
beyond MD with Dr. Yatin Chadha
PPP - Personal Pension Plan
Dr. Yatin Chadha hosts Jean-Pierre Laporte (CEO Integris Pension Management Corp) to discuss the personal pension plan (PPP).
This is highly relevant and under discussed material for any incorporated professional/small business owner.
Discussion points include:
Review of basic IPP (individual pension plan) concepts
PPP account structure (3 accounts)
- Defined benefit account (DB)
- Defined contribution account (DC)
- Additional voluntary contribution account (AVC)
Age benefit of PPPs (no need to wait until age 40)
- ability to contribute to DC and AVC accounts before age 40
Additional tax sheltering advantages compared to IPP
- RRSP double dip
- flexibility in contributions through DC and AVC accounts
- ability to make contributions even when DB account is in surplus
- benefit/strategy of holding low yielding investments in the DB account (accruing special payments)
- benefits of PPP in wealth transfer/estate planning
Fiduciary oversight with PPP
Why the PPP is under discussed in personal finance