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Capital Dividend Account (CDA) - The biggest unkown planning opportunity for corporations

Capital Dividend Account (CDA) - The biggest unkown planning opportunity for corporations

August 7, 2022

I have heard of the CDA account many times. It did not register with me until the third time. Then, it hit me like a ton of bricks. Do you know about it? Do you understand it? It is a very powerful estate planning tool for incorporated professionals.

 

To leave me feedback of comments, please email me at hmfhd2020@gmail.com

Confession of a Certified Financial Planner (part2): interview with Galen Nuttal

Confession of a Certified Financial Planner (part2): interview with Galen Nuttal

July 30, 2022

As busy healthcare professionals, we are very good at caring, treating, and healing others. However, how good are we are managing our own personal finances and planning for financial security? It is really a rhetorical question. We really are not. We should be good at it and educate ourselves. This however does not exclude needing the help of a professional. In this episode, Galen shares with us his profession and a look behind the scenes.

 

If would like to leave any comments or suggestions for future episodes, please email me at hmfhd2020@gmail.com

Confession of a Certified Financial Planner (part 1): Interview with Galen Nuttal

Confession of a Certified Financial Planner (part 1): Interview with Galen Nuttal

July 23, 2022

As busy healthcare professionals, we are very good at caring, treating, and healing others. However, how good are we are managing our own personal finances and planning for financial security? It is really a rhetorical question. We really are not. We should be good at it and educate ourselves. This however does not exclude needing the help of a professional. In this episode, Galen shares with us his profession and a look behind the scenes.

 

If would like to leave any comments or suggestions for future episodes, please email me at hmfhd2020@gmail.com

Mea Culpa (The Host - Vu - Mistake #2) - RESP plans

Mea Culpa (The Host - Vu - Mistake #2) - RESP plans

July 14, 2022

I am the host of this podcast because I earned it! I have made enough financial mistakes that I can about for an entire day. But for now, just avoid this one. Learn from my mistake and you can avoid yours. Enjoy.

I am not alone - physician mutant Dr. Yatin Chadha shares his thoughts about personal financial literacy for physicians

I am not alone - physician mutant Dr. Yatin Chadha shares his thoughts about personal financial literacy for physicians

June 25, 2022

I thought I was alone like Wolverine. But I found another physician mutant willing to discuss personal finance in healthcare. Our lives may be in danger now as the rest of the medical community want to lock us up or rehabilitate us. But Yatin was courageous enough to expose himself as well. We are following our dream of educating the masses and hopefully one day, we can all live together in harmony. One day, we will be accepted by society.

Please listen to Yatin as he shares his thoughts about personal financial literacy for healthcare professionals.

Yatin's podcast is "Beyond MD with Dr. Yatin Chadha" on all podcast platforms.

If you would like to provide feedback or comments, please email me at hmfhd2020@gmail.com

How to pay down your mortgage faster and still have more for retirement? The Smith Maneuver demystified.

How to pay down your mortgage faster and still have more for retirement? The Smith Maneuver demystified.

June 20, 2022

Canadian homeowners are somewhat disadvantaged in comparison to our American neighbours because we cannot right off the mortgage interest. We also think of debt in 1 (only one) way. We are taught this by our parents, cousins, neighbours, and our dog. But after centuries of doing it 1 way, we have not improved our overall financial security. There must be another way?

 

Yes, there is.

 

Please learn about the Smith maneuver and see if this strategy may be a good fit for you. It may not be, but at least, you will know what it is.

Please provide me your feedback or comments at hmfhd2020@gmail.com

 

 

One of the best kept financial solution secret for incorporated individuals: Retirement Compensation Arrangement (RCA)

One of the best kept financial solution secret for incorporated individuals: Retirement Compensation Arrangement (RCA)

June 11, 2022

100% of my colleagues have accountants.

99% of my colleagues are not aware of private individual pension plans.

What a huge disconnect!!

And 100% of the 99% are also obviously not aware of the Retirement Compensation Arrangement (RCA). It is one of the best kept secret in personal finance.

Incorporated individuals should learn about this solution and figure out if this is an appropriate fit for their situation.

Don't miss out!

 

If you ave any feedback or comments, please email me hmfhd2020@gmail.com.

Great taste vs less filling: salary vs dividend. Which camp did your accountant put you into? Part2

Great taste vs less filling: salary vs dividend. Which camp did your accountant put you into? Part2

June 6, 2022

This is another very polarizing topic among incorporated healthcare professionals. Accountants and advisors favor one or the other. The truth is probably in the middle (as always). Listen for yourself and see which one you prefer. By the end of these 2 episodes, you will find out which one I prefer (for a reason that no accountants are aware of).

 

Please leave me your feedback or comments at hmfhd2020@gmail.com

Great taste vs less filling: salary vs dividend. Which camp did your accountant put you into? Part 1

Great taste vs less filling: salary vs dividend. Which camp did your accountant put you into? Part 1

May 15, 2022

This is another very polarizing topic among incorporated healthcare professionals. Accountants and advisors favor one or the other. The truth is probably in the middle (as always). Listen for yourself and see which one you prefer. By the end of these 2 episodes, you will find out which one I prefer (for a reason that no accountants are aware of).

 

Please leave me your feedback or comments at hmfhd2020@gmail.com

Hey busy healthcare professional real-estate tycoon! Yeah, I am talking to you - Part 2

Hey busy healthcare professional real-estate tycoon! Yeah, I am talking to you - Part 2

May 7, 2022

Everyone knows how buys we are. You know how busy you are. But you also fancy investing in real-estate (not just the REITs stuff)! Can we do it? Hell yeah! If we can save someone life by operating on a brain or a heart, perform a LP with eyes closed, or treat complex mental health illnesses, we can be a real-estate investor. And it does not even take as long as open-heart surgery. It does take does skills that could be learned. Here are some things to think about as you take your first step!

 

Please reach out to me or leave me with your comments at hmfhd2020@gmail.com

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