Preventing a loss of identity when transitioning to retirement
For physicians, retiring from full-time practice doesn’t have to mean losing your sense of purpose or even your ability to earn income.
How to use your savings to support your longevity
Canadians are living longer, and that has significant implications for our financial well-being. Here’s how to use your savings to support your longevity.
What will it cost to age in place?
Aging in place (living at home rather than moving into long-term care) comes with financial implications Here are some things to think about.
Preparing for a purpose-driven retirement
Retirement lets you reflect on who you are and who you want to be. Learn how to approach your retirement with mindfulness and purpose.
Canadians are living longer. How does that impact my retirement savings?
A good retirement plan aims to find a balance between maximizing life enjoyment and alleviating fears about running out of money in old age. And the fact that Canadians are living longer puts an even greater emphasis on a sound retirement plan.
Setting up your finances for early retirement
If you’re considering early retirement, it’s important to take stock of your finances to make sure you’re adequately prepared for a post-retirement life without your physician’s income.
Retirement timeline for physicians: How to prepare for a comfortable retirement
Retiring may be the furthest thing from a young physician’s mind. After graduating from medical school, completing a residency and establishing a practice, it might seem odd to start planning for a retirement that may be decades away.
Going part-time: What physicians need to know
A growing number of younger doctors are considering transition to part-time practice as they seek a better work-life balance.
Medicus or an Individual Pension Plan (IPP) — which pension is right for you?
This article compares two retirement savings options – IPP and Medicus – to help physicians decide which might be the best fit for them. Learn more.
How a new pension plan for physicians will help provide peace of mind
A pension plan for doctors will provide a source of predictable retirement lifetime income that physicians have long been asking for. Learn more.
What’s the best order for drawing your retirement income?
Each retirement income source has tax implications if drawn earlier or later, or left to your estate. Learn what to spend first and what to save as long as you can.
RRIF strategies to optimize your taxable income in retirement
Converting your RRSP to a RRIF is an important part of your retirement plan. Learn how to maximize your savings with well-planned RRIF withdrawal strategies.