(Part two in a series by John Moakler, click here for part one) In this three-part series, John Moakler looks at the concept of putting bumper guards around doctors’ financial plans. Today, in the second post of the series, he looks at something only 5% of Canadians are insured against but the majority will get:…
Part one in a series by John Moakler. In this three-part series, John Moakler looks at the concept of putting bumper guards around doctors’ financial plans. Today, in the first post of the series, he answers the question: what would happen to your financial picture if you became disabled for any period of time? Doctors: if…
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…
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 –…
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…
The other area in which a conflict of interest could arise is in researching and providing the client with risk management products. You need to make sure that the financial planner you are working with is an “independent” financial planner and not an employee who represents one company. In my previous role with that large…
