Welcome to "Strictly Money: Weekly Insights," the podcast that brings you expert advice and actionable tips to take your financial well-being to the next level.
In this episode, I’m diving into the world of employer-sponsored pension plans in Canada.
Whether you're just starting your career or approaching retirement, understanding your pension options can make a world of difference in your financial future.
Join me as I discuss how to make the most of your pension plan and the mistakes so many employees make. I break down the key differences between a Defined Contribution Pension Plans (DCPP) and a Defined Benefit Pension Plans (DBPP), share strategies to maximize your wealth, and what you can and can’t expect from your employer about your pension plan so you avoid common pitfalls.
Tune in, subscribe, and share this episode with your colleagues and friends. Let's build a financially secure future together!
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Key moments:
01:00 - Pension Planning: Understanding Retirement Benefits
01:24 - Pension Plan Types: Defined Contribution vs. Defined Benefit
02:30 - Retirement Fund Strategies: Maximizing Contributions
04:26 - Investment Insights: Making Informed Choices for Retirement
06:40 - Financial Security: Building a Solid Retirement Foundation
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
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