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Doctors: Are you overlooking this threat to your retirement?

(Part three in a series by John Moakler, Part one is here and Part two is here) In this three-part series, John Moakler looks at the concept of putting bumper guards around doctors’ financial plans. Today, in the third post of the series, he looks at an often-overlooked threat to your retirement. Doctors: Want to…

Doctors: Like investing in real estate? Here’s a very simple – and powerful – strategy.

John Moakler, BMath, CFP, CLU President and Senior Executive Financial Planner Moakler Wealth Management Like investing in real estate? Many of my dentist and doctor clients do, and I can help them with a very attractive strategy: the Immediate Financing Arrangement, or IFA. What we do is design a permanent whole life insurance policy that…

Doctors, can you earn tax-free income in retirement? Yes.

By John J. Moakler Jr. BMath, CFP, CLU, CSC President and Senior Executive Financial Planner Moakler Wealth Management Inc. — Doctors, in retirement, there are three portions to your paycheque:   1.The taxable portion: if you are still working at least part-time in retirement. 2.The tax-preferred portion: if you are incorporated, and still working –…

RRSPs Are a Trap For Doctors. Why?

By John J. Moakler Jr. BMath, CFP, CLU, CSC President and Senior Executive Financial Planner Moakler Wealth Management Inc.   For most Canadians, paying into the Canada Pension Plan (CPP) is a good deal.  But for self-employed individuals – like doctors – CPP is in fact a negative return on your money.  You will never…

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