The Truth about Permanent Life Insurance (Part 4) - Who should consider permanent life insurance?....And more

beyond MD with Dr. Yatin Chadha

#Fitness #Business #Medicine #Yatin Chadha

46:55

The War and Treaty’s Michael and Tanya Trotter grew up in Cleveland, Ohio, and Washington, DC, respectively, but both have family roots in the South. They also grew up in the musical traditions of their churches – Tanya in the Black Baptist Church and Michael in the Seventh Day Adventist Church – where they learned the power of song to move people. After becoming a father at a very young age, Michael eventually joined the armed forces and served in Iraq and Germany, where he took up songwriting as a way of dealing with his experiences there. Meanwhile Tanya embarked on a singing and acting career after a breakthrough appearance in Sister Act 2 alongside Whoopi Goldberg and Lauryn Hill. Now, after a long and sometimes traumatic journey, Michael and Tanya are married, touring, winning all sorts of awards, and set to release their fifth album together, and their fourth as The War and Treaty. Sid talks to Michael and Tanya about the new record, Plus One , as well as their collaboration with Miranda Lambert, what it was like to record at FAME studios in Muscle Shoals, and how they’re blending country, soul, gospel, and R&B. Learn more about your ad choices. Visit podcastchoices.com/adchoices…

hace un año 30:10

MP3•Episodio en casa

Thank you for joining me on the final segment of permanent life insurance with Jeff Bernstein, CLU, MFA-P, owner & managing partner of Seligman Insurance.
Discussion Points:
- The White Coat Investor & permanent life insurance (1:26)
- Who can benefit from permanent life insurance? (3:44)
- Commissions on permanent life insurance (8:14)
- How do commissions impact your policy? (19:18)
- Exit strategies, Canceling a policy (22:15)
- Closing remarks (25:51)
This episode features Arya EHR - https://www.aryaehr.com/
**I endorse only products/services I personally use or would use. I can get commissions that will be used to offset the costs of running this podcast :)
Jeff Bernstein:
https://www.linkedin.com/in/jeffreymbernstein/
jeffbernstein@seligman.ca
https://seligman.ca/
My links:
https://www.linkedin.com/in/yatin-chadha-29074b109/
beyondmdpodcast@gmail.com

88 episodios

The Truth about Permanent Life Insurance (Part 4) - Who should consider permanent life insurance?....And more

beyond MD with Dr. Yatin Chadha

14 subscribers

published hace un año

MP3•Episodio en casa

88 episodios

#Fitness #Business #Medicine #Yatin Chadha

Todos los episodios

1
Ep #86 - Understanding the Healthcare of Ontario Pension Plan (HOOPP) for Incorporated Physicians - with Rachel Arbour 54:35

hace 6 días54:35

54:35

Today we revisit pensions with an exploration of the Healthcare of Ontario Pension Plan (HOOPP) for incorporated Ontario physicians. My guest is Rachel Arbour, who is the Head of Plan Benefits, Design and Policy at HOOPP. Discussion points: - HOOPP overview (2:28) - What is a defined benefit pension? (4:13) - How is the defined benefit calculated? (6:23) - what to know about your best 5 years of earnings (9:35) - Is there a ceiling to the defined benefit? (10:31) - who is eligible to take part in HOOPP? (11:43) - how are contributions calculated? (15:52) - what about inflation adjustments? (23:13) - fund investment returns (26:32) - funded status (28:00) - HOOPP's maturation over time (29:10) - are special contributions possible with HOOPP? (31:47) - pension administrative & investment costs (35:45) - when can pension benefits begin? (38:15) - pulling out from HOOPP (39:38) - what happens to contributions in years of fluctuating income? (41:40) - income splitting, spousal benefit options (44:55) - estate planning (47:09) - disability benefits (50:07) This episode features Arya EHR - https://www.aryaehr.com/ **I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :) HOOPP: https://hoopp.com/join-hoopp/physicians-joining-hoopp https://hoopp.com/news-and-insights/research-and-analysis/white-papers Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha…

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Ep #85 - Creative pursuits, using your knowledge to impact others, & finding fulfillment in medicine, with Dr. Michael Fralick 46:23

hace 20 días46:23

46:23

I'm delighted to welcome back my friend and colleague, Dr. Michael Fralick, MD, PhD. Mike is a creative spirit and has a knack for finding opportunities to positively impact others through his knowledge & expertise. He is a clinician scientist, runs the Fralick lab (which covers the intersection of AI & patient care), and last year published his first book & launched his internal medicine review course. I hope you enjoy this conversation which covers creativity, productivity & time management, and how to use our knowledge to drive impact & find meaning in medicine. Discussion Points: - Mike's book --> One Pagers for the Wards (1:40) - Finding time for creative pursuits & balancing competing demands (7:05) - Mike's motivation for writing the book (11:15) - Mike's time management & productivity strategies (15:30) - Strategies for navigating emails (23:00) - Things to know if writing a book (27:35) - Lessons learned from Mike's course - updates in inpatient medicine (31:10) - Goals for 2025 (39:36) - The most important lesson Mike has learned (42:48) - Closing thoughts (43:50) Medicine pods: https://medicinepods.com/ Michael Fralick: https://www.amazon.ca/One-Pagers-Wards-Michael-Figueroa-Fralick/dp/1068806605 https://fralicklab.com/ https://www.youtube.com/@Fralickmike https://www.linkedin.com/in/michael-fralick-203716231/ Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha…

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Ep #84 - What happens if I get sued as a physician in Canada? With Dr. Todd Watkins, Associate CEO of the CMPA 46:13

hace 5 weeks46:13

46:13

This is a big one - what happens when we receive a malpractice claim? Medicine is a challenging field with high stakes. We all know colleagues who have been in this situation. I'm thrilled to welcome Dr. Todd Watkins , associate CEO of the CMPA (Canadian Medical Protective Association) for a 101 on what to do & what to expect if we get sued. Discussion Points: Dr. Watkins' intro (2:18) What is the CMPA (3:05) How would you hear about a case against you? (6:02) What information is on a statement of claim (8:02) Timelines for a valid malpractice claim (10:30) Knowledge of events vs cause of action (12:30) What should you do when you get a claim? (16:45) How the CMPA offers support during this time (19:47) Are the lawyers internal or external? (21:13) Can one pick their own lawyer? (21:53) Who covers all the legal fees? (22:38) Occurrence based protection & alternatives (23:03) The key elements of the pre-trial process (25:27) Expert witnesses (27:11) Mediation (29:53) Key data points, what % of cases go to trial (31:39) What happens behind the scenes at the CMPA (34:37) Court set up (35:57) Financial damages - who pays? (37:28) Appeals (38:40) Dues (39:32) Residents/trainees - can they be implicated of malpractice (41:05) Closing thoughts (43:00) CMPA: https://www.cmpa-acpm.ca/en/home 1-800-267-6522 Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha…

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Ep #83: What factors impact returns when investing in real estate development? - with Sasha Cucuz, CEO of Greybrook Securities 56:28

hace 7 weeks56:28

56:28

Today I welcome back Sasha Cucuz, CEO of Greybrook Securities. The focus today is to understand the variables impacting the margins (& expected returns) on investments in real estate development. Discussion points: - Greybrook's high rise model (2:19) - understanding the value of land (3:30) - what variables are controllable? (9:25) - the outlook for pre-construction condos (15:25) - how are margins impacted for condo projects? (24:25) - has the southern Ontario investment thesis changed? (31:15) - the anatomy of a USA value add project (37:50) - what areas excite Greybrook in the US? (48:04) - closing thoughts (53:02) Greybrook: https://greybrook.com/ Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha…

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Ep #82 - 11 Powerful Productivity Hacks for 2025 and Beyond 27:28

hace 9 weeks27:28

27:28

I've become fascinated with productivity over the last 2 years because it's another tool in our kit to effectively increase the time we have in our lives, so that we can live life on our own terms. I share my experiences over the years & key learnings from 4 of my favourite productivity books (see below). Discussion Points: - why I'm fascinated by productivity (0:40) - hack #1: set your goals & write them down (1:55) - hack #2: figure out your next action step (4:18) - hack #3: plan & structure your day (6:22) - hack #4: cluster your tasks (9:33) - hack #5: deep work & avoid task switching (11:21) - hack #6: tackling technology & optimizing your environment (15:14) - hack #7: figure out how to capture your ideas (18:14) - hack #8: create an accountability partner (20:14) - hack #9: being productive while you rest (21:57) - hack #10: make it fun (24:04) - hack #11: embrace the 2 minute rule (25:25) - the 4 books I cited in this episode (26:28) This episode features Arya EHR - https://www.aryaehr.com/ **I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :) 4 Great Productivity Books: https://www.feelgoodproductivity.com/ https://www.goodreads.com/book/show/25744928-deep-work https://www.amazon.ca/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776 https://www.amazon.ca/Getting-Things-Done-Stress-Free-Productivity-dp-0143126563/dp/0143126563/ref=dp_ob_image_bk Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Ways to support the show: Amex Business Platinum referral: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC7UzU&CPID=100560249 Amex Cobalt referral: https://americanexpress.com/en-ca/referral/cobalt?ref=yATINCYEoc&CPID=100560249…

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Ep #81 - Forever episode: Traveling the World Affordably by Optimizing Credit Card Points with Ricky Zhang 1:06:25

hace 10 weeks1:06:25

1:06:25

Hey gang - this is a re-release of one of the most popular episodes ever. Not out of laziness, but because several listeners have reached out to ask about which credit cards will allow them to elevate their travel game. There's no better time than the start of the new year to talk travel :) I interviewed my guest, Ricky Zhang (founder of Prince of Travel), in the summer of 2023. Most of what's discussed here is still very relevant today. CRITICAL: In the conclusion I summarize key changes you will want to know before you sign up any cards. Summary: Ricky's background & the origin of Prince of Travel (5:05) How does the points system work? (8:27) Earning points rapidly through credit cards (12:34) Credit score fundamentals (20:27) Should we keep our credit cards for the long term? (24:00) The credit card game isn't for everyone - who should avoid it? (28:14) Other ways to rack up points at a faster pace (33:00) The best credit card for Canadians: Amex Cobalt (34:07) Credit cards for small business owners, why Amex points are so versatile (35:05) Understanding the RBC Avion point system (38:24) Redeeming points efficiently, dynamic pricing, ideal booking windows (41:07) Example of redeeming points - Toronto to Portugal (46:46) Prince of Travel Concierge services (51:27) Aeroplan elite status (53:35) How to get started (55:00) Rapid fire, including a strong credit card portfolio (56:39) How many credit cards does Ricky have? (60:18) Closing thoughts (61:40) CRITICAL - updates on rewards (62:49) Credit card links (cards I use & benefit from): Amex Business Platinum: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC7UzU&CPID=100560249 Amex Cobalt: https://americanexpress.com/en-ca/referral/cobalt?ref=yATINCYEoc&CPID=100560249 Social media links & email: Yatin: beyondmdpodcast@gmail.com https://www.linkedin.com/in/yatin-chadha/ Ricky: https://princeoftravel.com/ https://www.youtube.com/@PrinceofTravel…

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Ep #80: The Relevance & True Cost of CPP (Canada Pension Plan) for Small Business Owners - with Aravind Sithamparapillai 51:50

hace 13 weeks51:50

51:50

Today I welcome Aravind Sithamparapillai (MBA), who is an associate at Ironwood Wealth Management. Aravind is becoming known as a tax ninja - he breaks down complex topics nicely for listeners of all levels. While the focus of this episode is meant to be CPP (Canada Pension Plan) & its relevance to business owners, we cover a lot of ground that includes salary vs dividends & tax basics. Discussion Points: Aravind's background (4:18) The basics of tax integration (5:00) Tax integration by province/territory (6:42) Tax credit & deduction on the employee portion of CPP (9:16) Employer portion of CPP - tax deductible (14:13) What is the true cost of CPP? (16:30) Understanding the dividend gross up & dividend tax credit (22:05) Income based benefits that can be impacted by the dividend gross up (26:15) CPP vs investing yourself in the corporation (31:13) Salary + dividend vs salary only approach (39:10) What about the IPP (41:35) Other CPP benefits - disability, children, survivor (43:30) Post call newsletter: https://postcall.ca/ Aravind: https://www.linkedin.com/in/sithamparapillai/ aravind.sithamparapillai@ironwoodcanada.com Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Ways to support beyond MD: Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP https://americanexpress.com/en-ca/referral/cobalt?ref=yATINCYEoc&XLINK=MYCP…

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Ep #79 - Embracing New Opportunities, Taking Risks, & Maximizing Impact with Dr. Neel Chadha - beyond MD Physician Journeys 34:27

hace 17 weeks34:27

34:27

Today I'm thrilled to host Dr. Neel Chadha . Neel is a family physician who made the bold decision to go all in on developing retirement residences for seniors. This is a story of embracing new opportunities, taking calculated risks, & pursuing a focused life to find success. Discussion Points: Introduction (1:35) From family medicine & geriatrics to developing senior homes (5:15) Neel's decision to leave the hospital & go all in on senior living (6:55) Neel's retirement residence community (9:35) Senior living in Canada - status quo, supply/demand (12:00) Investing in senior living - key metrics to track (16:25) Navigating interest rates & other challenges in 2023 - key takeaways (18:42) Why a focused life is critical for success (23:30) The importance of mentorship (26:05) What Neel wants to be known for (30:25) Closing remarks (31:10) This episode features Arya EHR - https://www.aryaehr.com/ **I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :) Neel: https://lanarklifestyles.ca/ https://www.linkedin.com/in/dr-neel-chadha-44829013b/ Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Ways to support beyond MD: Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP https://americanexpress.com/en-ca/referral/cobalt?ref=yATINCYEoc&XLINK=MYCP…

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Ep #78 - Real Estate: Converting Equity to Cashflow Though Toronto Multifamily Investing with Matthew Lee & Ming Lim (Volition Properties) 1:06:48

hace 20 weeks1:06:48

1:06:48

The idea for today's pod was born after a riveting conversation on a flight to Florida. I'm happy to host Matthew Lee & Ming Lim from Volition Properties to learn how they've built wealth through investing in multifamily properties in the Toronto core. Discussion Points: - Introductions - worth it, I promise (1:30) - Introduction to Volition (8:15) - The investment thesis for multifamily in Toronto (10:35) - Investment locations (19:50) - Why tenants are so critical to the business model (23:45) - Are there opportunities currently in Toronto? (25:30) - What about areas outside the city core primed for more gentrification? (29:55) - How do you turn properties into meaningful cash flow later? (33:30) - The numbers behind a recent deal (44:55) - How many properties does one need to exercise this strategy? (48:10) - Price per square foot, the reason for 2-3 bedroom suites (51:00) - 101 on laneway suites & the status quo in Toronto (53:20) - Parting words (1:01:15) Volition Properties: FREE Monthly investor meetup: https://www.meetup.com/Volition/ Detailed info on the condominiumization meetup Oct 29th, 2024 https://www.meetup.com/volition/events/302351457/?eventOrigin=group_events_list Contact info: info@volitionprop.com www.volitionprop.com 1-877-416-BRRR www.facebook.com/VolitionProp www.instagram.com/volitionproperties www.ca.linkedin.com/company/volitionprop www.youtube.com/@VolitionProperties Physician Financial Wellness Conference: https://www.physiciansficonference.com/ Yatin Chadha: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Ways to support beyond MD: Share beyond MD with your network Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP…

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Ep #77: Unpacking My Biggest Life & Money Lessons - My Wife, Sima Acharya, Interviews Me 56:22

hace 23 weeks56:22

56:22

Today is a little different on beyond MD. My incredible wife, Sima Acharya , interviews me to uncover money & life lessons I've learned over time. Plus, we talk about lessons we've learned as a couple. Discussion points: Sima's introduction (2:00) Starting an idea - how & why beyond MD came to be (6:15) Your spouse doesn't have to be a sounding board for everything (11:45) The biggest lessons learned over time (13:50) What concepts from the pod have I put into practice? (21:40) What podcast topics have I intentionally avoided today? (27:59) Lessons for the kids (33:00) Our evolution when it comes to being aligned financially (35:50) Most memorable beyond MD episodes (42:50) My 3 favourite books (45:50) My dream podcast guests (49:00) Future ideas for beyond MD (50:50) Yatin Chadha: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Ways to support beyond MD: Share beyond MD with your network Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP Books & resources discussed on this episode: https://andrewhallam.com/balance/ https://www.amazon.ca/100-Baggers-Stocks-100-1/dp/1621291650 https://www.amazon.ca/AM-Club-Morning-Elevate-Life/dp/1443456624 https://www.lynalden.com/…

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Ep#76: Optimizing Finances for our Kids' Education - RESPs & beyond - with Dr. Matt Poyner 1:05:07

hace 26 weeks1:05:07

1:05:07

Today I host my friend & colleague, Dr. Matt Poyner . Matt breaks down the Registered Education Savings Plan (RESP) & other ways to optimize finances when it comes to our kids' education. Matt is a long time blogger at dividendstrategy.ca , physician, & is now passionate about offering flat fee financial planning. Discussion Points: - Matt's journey & foray into financial planning (2:34) - Basic RESP overview (14:15) - RESP set up - family vs specified (21:05) - Optimal RESP contribution strategy (23:09) - Investing approach inside an RESP (31:32) - RESP withdrawals & understanding the RESP buckets (37:26) - RESP options if your child doesn't go to school (44:00) - Thoughts on optimizing student financial aid (48:44) - Spending time with the kids - Matt's perspectives (57:50) Matt: matt@PoynerFinancial.ca https://PoynerFinancial.ca https://dividendstrategy.ca/blog-2/ Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Episode Links: https://dividendstrategy.ca/blog-2/ https://postcall.ca/subscribe?ref=YJc1MtZLsq&_bhlid=f71f181c85b22d7c236a5b072534f69e25f99241 https://rhombus-butterfly-rwgm.squarespace.com/updatesininpatientmedicine https://www.looniedoctor.ca/2023/04/21/resp-contribution/ https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4092/registered-education-savings-plans-resps.html…

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Ep #75: Philanthropy - 4 Essential Reasons to Give - with Mark Halpern & Yatin Chadha 50:40

hace 29 weeks50:40

50:40

Mark Halpern (CFP, TEP, MFA-P) is one of the top voices in tax efficient philanthropy in Canada. Earlier this year, Mark interviewed me on the reasons to give, and I came up with 4 reasons important to me that I hope you will find useful. Discussion Points: - my background & journey (3:00) - the journey of beyond MD (6:02) - how my interest in philanthropy evolved (11:20) - reason #1 to give: giving makes is happier - what is the evidence? (13:10) - reason #2 to give: imparting valuable lessons to our children (20:05) - how to talk to our kids about giving (25:56) - reason #3 to give: networking & entrepreneurship (29:00) - reason #4 to give: financial benefits (33:20) - numerical example of transferring appreciated stock from your corporation (35:30) - how to make your charitable gifts more meaningful (39:30) Yatin Chadha: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP Mark Halpern: https://wealthinsurance.com/ https://powerofplatinum.com/ https://www.linkedin.com/in/markhalperncfptepmfap/ mark@wealthinsurance.com Links from this episode: https://wealthinsurance.com/webdoc/TaxLetter-The-Entrepreneurial-Philanthropist.pdf https://mycharityfund.ca/ https://www.givewise.ca/ Ways to support beyond MD: Share beyond MD with your network Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP…

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Fixed Income: Understanding Mortgage Investment Corporations in Today's Environment with Arjun Saraf (CPA, CA, EMD) 55:54

hace 32 weeks55:54

55:54

I'm thrilled to host my friend & colleague, Arjun Saraf (CPA, CA, EMD). We focus on Mortgage Investment Corporations , with a focus on understanding the challenges in the current environment & key considerations when navigating this investment strategy. Discussion points: - Arjun's professional background (5:33) - Quick overview on New Haven's MIC (6:57) - Understanding equity based lending (8:50) - How does a high interest interest rate environment impact a MIC? (12:00) - The MIC business landscape today (15:07) - Tax treatment of MIC investment income (17:41) - Current trends on arrears (18:25) - Thoughts on interest rates (25:45) - Risk mitigations strategies within a MIC (29:40) - Key lessons learned running a business in this environment (35:13) - MICs vs other fixed income investment strategies today & when rates fall (36:30) - 3 Key questions to ask before investing in a MIC (39:40) - Time to liquidity/getting your money out (43:20) - Arjun's most valuable lesson (47:25) - My perspectives (49:50) Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Arjun: asaraf@integratedequities.com https://www.linkedin.com/in/arjun-saraf-cpa-ca-emd-b0667022/ https://www.newhavenmortgage.com/…

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Dissecting Health Spending Accounts (HSAs) with Justin Manning 47:07

hace 35 weeks47:07

47:07

Today I'm excited to host Justin Manning , a licensed life & health insurance broker from BC, to talk about a topic I've been getting many questions on lately: Health Spending Accounts, HSAs. Discussion Points: - Justin's background (4:05) - What is an HSA/PHSP (4:45) - HSA eligibility (5:42) - Who could benefit from an HSA? (9:45) - What services are covered by an HSA? (11:20) - Can travel insurance be covered by an HSA? (13:29) - Specific services covered/not covered by an HSA (14:20) - The mechanics of how an HSA works (16:55) - How much coverage are we allowed through an HSA? (19:49) - Plan customization, wellness spending accounts (22:22) - Set up, key questions, costs (26:26) - Any HSA cons (?), potential misuse (32:28) - No need to prove health (36:38) - Can provincial plans like OPIP be paid through by our corporation (37:17) - Justin's closing thoughts, what if I already have a good group plan? (38:37) - My perspectives (42:30) This episode features Arya EHR - https://www.aryaehr.com/ **I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :) Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP Justin: https://www.linkedin.com/in/justin-manning/ https://justinmanning.com/ hello@justinmanning.com…

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Re-examining pension plans for professionals with Jason Pereira 58:33

hace 38 weeks58:33

58:33

Today I'm thrilled to welcome Jason Pereira , award winning financial planner to the show to re-explore pension plans for professionals. The focus is on the IPP, the individual pension plan. Discussion Points: - Individual Pension Plan (IPP) overview (2:40) - Jason's background (5:25) - key definitions - defined benefit (DB) & defined contribution (DC) pensions (6:10) - how is the DB of an IPP calculated? (7:18) - When to start an IPP? Thoughts on waiting longer & reducing fees (11:20) - Who is the ideal candidate for an IPP? (14:08) - Is there an income threshold below which an IPP makes no sense? (16:25) - Is there a ceiling to the DB? (18:05) - Jason's thoughts on the RCA (21:02) - IPP vs PPP (26:00) - Does is make sense to place conservative assets inside the DB component? (30:33) - Is the contribution amount similar across different pension types? (32:28) - Navigating the pension landscape (32:50) - IPP vs RRSP & Spousal RRSP (34:30) - IPP vs investing in a corporation with new cap gains rules (35:15)) - Common mistakes professionals & business owners are making (37:45) - Improvements upcoming to financial planning in Canada (42:26)) - The most valuable lesson Jason has learned (50:00) Yatin: beyondmdpodcast@gmail.com https://www.linkedin.com/in/yatin-chadha-29074b109/ Jason: https://jasonpereira.ca/ https://jasonpereira.ca/financial-planning-for-canadian-business-owners-podcast-jason-pereira https://www.linkedin.com/in/pereirajm/…

beyond MD with Dr. Yatin Chadha

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The Building Blocks of a Happy & Successful Life - with Andrew Hallam 1:12:04

hace 41 weeks1:12:04

1:12:04

I am delighted to host international best selling author, Andrew Hallam , on today's episode. We have a wide ranging discussion on the pillars of a successful life, the relationships between money & home ownership & happiness, spending money to enhance life satisfaction, evidence-based investing for success & simplicity, relationships, purpose, & lessons learned living abroad. Discussion Points/Chapters: - Andrew's background (1:40) - The requisites of a balanced & successful life (5:35) - The relationship between income and happiness (7:30) - How should we spend our money? (10:40) - The desert island litmus test (15:55) - Is home ownership associated with happiness? (18:05) - Is our happiness impacted by the neighbourhood we live in? (21:59) - How much of our income should we spend on a home? (25:10) - Why our investment horizon should be 30+ years (27:10) - Should you lump sum invest now or wait? (31:30) - Andrew's take on one stop shop ETFs (38:00) - My investment approach & challenges (42:30) - Key questions to as a financial advisor (46:17) - How to think less about $$ and embrace balance (50:00) - Why relationships are so important (52:99) - Meaningful relationships in a world where social media is ubiquitous (54:38) - Lessons from living abroad, advice for those considering it (59:00) - The power of giving (1:02:30) - Finding your purpose (1:04:35) - My perspectives (1:09:15) Andrew's books: https://www.amazon.ca/Balance-Invest-Happiness-Health-Wealth/dp/1774580756 https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069 https://www.amazon.ca/Millionaire-Expat-Wealth-Living-Overseas/dp/111941189 Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha…

beyond MD with Dr. Yatin Chadha

1
Do you have a business idea? Practical & financial considerations for start ups with Matija Kamikovski, CFA 59:56

hace 44 weeks59:56

59:56

Welcome back to beyond MD! Do you have an idea you want to bring to the world? If so, this episode is for you. Today I sit down with Matija Kamikovski, CEO of Precision Finance . Matija has more than a decade of experience leading finance teams at start ups. Discussion Points: Matija's background in guiding startups (4:10) Coming up with a sustainable business idea (7:50) How to get data on the usefulness of your idea (10:25) How do you know people will pay for your idea? (13:05) Attributes leading to success/failure in entrepreneurship (14:45) How do you actually get started? (17:59) The financial metrics you need to track in the early days - cash, burn, runway (25:10) Growth at all cost vs bootstrapped businesses (27:03) How often should we track the financial metrics? (29:30) Operating as a sole proprietor vs incorporating the business - set up, liability, tax deductions (30:30) Budgeting, accounting, bookkeeping - guidelines & platforms (37:50) When should a company start outsourcing tasks? (43:20) Potential pitfalls of hiring to quickly (45:00) The importance of sales (47:41) Exit strategies (50:13) What % of percentage of start ups fail? Don't let the thought of failure stop you (53:27) Closing thoughts by Matija (55:12) My perspectives This episode features Arya EHR - https://www.aryaehr.com/ **I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :) Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Matija: matija@precisionfinance.ca https://www.precisionfinance.ca/ https://www.linkedin.com/in/matijakamikovski/…

beyond MD with Dr. Yatin Chadha

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How Will a Higher Capital Gains Inclusion Rate Impact Canadian Professionals? with Ali Spinner, FCA, FCPA, TEP 38:53

hace 47 weeks38:53

38:53

I'm thrilled to host Ali Spinner, one of Canada's most trusted voices in tax, on the implications of the proposed hike in the capital gains inclusion rate. Discussion Points: - Tax 101 & What happened to the capital gains inclusion rate (0:55) - Numerical example with 100K capital gains (5:51) - Has tax integration been violated? Where should we hold certain assets like rental properties? (6:25) - Is it still worthwhile incorporating? (13:30) - A brief history of the capital gains inclusion rate (16:48) - What can investors do?: a) absolutely nothing (19:05) b) selling assets and impact of Alternative Minimum Tax/AMT & GAAR/General anti-avoidance rules (21:07) c) tax planning through insurance and pension plans (29:10) d) departure tax for those considering leaving Canada (32:05) - Change in Lifetime capital gains exemption/ LCGE, capital gains exemption for entrepreneurs (34:10) Yatin's Links: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Ali Spinner: Alexandra.spinner@crowesoberman.com…

beyond MD with Dr. Yatin Chadha

1
Should you Buy Rental Properties? A Physician's Perspective after 15 years of Real Estate Investing 44:55

hace 48 weeks44:55

44:55

I'm happy to have Dr. Kevin Mailo back on the show to discuss what he's learned from investing in real estate (RE) over the last 15 years. We talk about winners and laggards in the portfolio, property managers, challenges with direct ownership in RE, the importance of due diligence in private equity, & how critical it is to understand your "why" in investing. Physician Empowerment's Toronto conference occurs May 25-26 this year and you can save $100 using the discount code YATIN24 at: https://www.physempowerment.ca/live Discussion Points: - Kevin's reflections on his RE investing journey so far (4:09) - Property managers and cognitive overload (8:55) - Letting go of (challenging) properties & learnings (10:30) - Kevin's RE portfolio (13:06) - Characteristics of good RE investments in the portfolio, investing in Alberta (14:42) - Properties that haven't worked out, details on preconstruction condos (17:10) - Advice for those starting RE investing today (23:05) - Reflecting on how many properties to hold for retirement (27:10) - How does private equity investing work? (29:55) - Private equity and due diligence (33:34) - Private equity investment timelines & return types (36:68) - Public vs Private investment breakdown/rules of thumb (39:15) - Public REITs (40:08) - Goals for the next few decades (40:59) Links: Yatin's Links: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Kevin's Links: kevin@physempowerment.ca https://www.physempowerment.ca/live…

beyond MD with Dr. Yatin Chadha

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Corporate Shareholder Agreements with Parish Bhumgara 30:29

hace 51 weeks30:29

30:29

In this episode I sit down with Parish Bhumgara from Gardiner Roberts LLP to discuss corporate shareholder agreements (CSA). Discussion points: - Parish's background (2:05) - Corporate shareholder agreements/CSAs: what & when? (2:40) - CSAs: who should consider this? (3:45) - CSA structure (6:20) - CSA share types (8:05) - Key details to be outlined on a CSA (11:03) - Unanimous shareholder agreements (16:33) - Scenarios where CSAs really help (17:33) - Separate corporation to invest in Real Estate (19:52) - Corporations as a way to reduce liability (21:55) - Any disadvantages to CSAs? (23:30) - CSA set up (24:45) - CSA cost (25:05) - Transferring shares (27:18) This episode features Arya EHR - https://www.aryaehr.com/ **I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :) Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Parish: pbhumgara@grllp.com…

beyond MD with Dr. Yatin Chadha

1
My Investing Journey: The Good, The Bad, & The Ugly 28:40

hace 1 year28:40

28:40

Today I discuss some of my investments. There have been wins along with some subpar performances. I've also caught myself occasionally falling into common investing traps. Today I address it all and what I've learned from my experiences. Discussion points: - #1: focusing too much on price (4:46) - #2: the importance of understanding what you are investing in (9:48) - #3: sometimes it pays to take less drastic action (17:35) - #4: investing in the market at all time highs (25:54) Companies discussed: DIS, CVS, SIA.TO, NVDA ETFs: XAW.TO Links: Yatin's Links: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha Book recommendation: Balance by Andrew Hallam…

beyond MD with Dr. Yatin Chadha

1
Tax Matters: How will Alternative Minimum Tax (AMT) Changes Affect High Income Canadians in 2024? - with Kim GC Moody 54:59

hace 1 year54:59

54:59

Today I welcome Kim GC Moody, one of our country's top tax experts, to discuss AMT (Alternative Minimum Tax) changes for 2024 & beyond and the potential implications for high income earners in Canada. The podcast has 3 segments: 1) AMT history & mechanics 2) AMT changes 3) AMT Scenarios Discussion Points: AMT basics (0:47) Table of contents (2:07) Kim Moody's bio (2:41) Intro (3:58) AMT intro, history, & mechanics (6:33) How are tax decisions made in Canada? (12:12) How has AMT changed in 2024? (15:45) Are more people leaving Canada due to excess tax? (20:00) AMT - there is a provincial part, no impact on corporations (24:32) Impact of AMT on capital gains (25:20) Impact of AMT on carrying forward capital losses (27:08) No impact on eligible dividends (27:55) Impact of AMT on lifetime capital gains exemption (28:35) Impact of AMT on charitable gifting (30:05) Impact of AMT on stock options (36:12) Impact of AMT on trusts (37:14) Impact of AMT on carrying forward interest charges for rental properties (38:00) AMT calculations for specific scenarios (39:34) capital gains capital gains + carry forward capital loss capital gains, eligible dividends, + charitable donation What % of people will be impacted by AMT? (47:42) Closing remarks (50:15) Kim Moody: website: https://moodysprivateclient.com/ LinkedIn: https://www.linkedin.com/in/kimgcmoody/ email: kgcm@kimgcmoody.com Kim's podcast: https://kimgcmoody.podbean.com/ Yatin Chadha: beyondmdpodcast@gmail.com https://www.linkedin.com/in/yatin-chadha-29074b109/…

beyond MD with Dr. Yatin Chadha

1
Key Learnings from 15 years of DIY Investing in the Markets with Dr. Dimitre Ranev 51:16

hace 1 year51:16

51:16

I'm thrilled to host Dimitre Ranev, MD. Dimitre is a savvy mind when it comes to DIY investing. I've benefitted from his wisdom over the years & I'm excited to pick his brain on his investing approach today. This episode features Arya EHR - https://www.aryaehr.com/ **I endorse only products/services I personally use or would use. I can get commissions that will be used to offset the costs of running this podcast :) Discussion Points: Guest Introduction (3:13) An overview of Dimitre's portfolio & investing approach (8:30) Dimitre's process behind analyzing a company (12:54) Dividend investing - what to consider (16:58) Payout ratios, valuation, P/E ratio relative to historical norms (20:12) Investing during inflationary times (23:30) Time required to invest in individual companies (29:36) Behavioural tendencies, having the right investor psychology, minimizing irrational behaviour (30:44) The importance of rebalancing your portfolio (35:47) Financial considerations as we pivot from early to mid career (39:05) Dimitre's preferred resources for learning about investing (41:50) Rapid fire (47:25) Dimitre’s advice on building wealth (49:28) Dimitri’s Links: LinkedIn: https://www.linkedin.com/in/dimitre-ranev-he-him-0b941495/ Primary medicine podcast: https://podcasts.apple.com/ca/podcast/primary-medicine-podcast/id1022330537 Yatin: Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha…

beyond MD with Dr. Yatin Chadha

1
How to Soar to a Rich & Successful Life with Dr. Ketan Kulkarni 54:46

hace 1 year54:46

54:46

I'm thrilled to welcome back our colleague, Dr. Ketan Kulkarni, who is a pediatrician, coach, author, & entrepreneur. This is a fun and wide ranging interview. We discuss Ketan’s new book, Soar: A Soul's Quest (link below), what a rich & successful life means to us, how to stick to our core values, time management, financial needle movers, bringing out the best in our kids, & more. Discussion Points: Ketan’s new book, Soar (2:48) Lessons learned after writing 2 books (9:45) Tips for writing a book (15:34) Navigating through multiple interests, beating burnout, & establishing your metrics for success (18:12) Strategies for living a life aligned with your core values (21:54) Ketan's thoughts on seeking coaching & advice during the journey (24:25) Beating limiting thoughts & breaking through (26:20) Specializing vs thriving through multiple pursuits (28:38) Deep learning as a remedy for burnout (32:24) Time management hacks to live a balanced life (35:04) What financial practices have been most impactful for Ketan? (38:35) Parenting & bringing out the best in your kids (43:57) Favourite books (49:40) Ketan’s Links ● Soar: A Soul's Quest by Ketan Kulkarni, Christopher Morris, and Francis Yoo ● The Legendary Quest: ForProfessionals Seeking Inner and Outer Excellence and Authentic Fulfillment by Dr. Ketan Kulkarni and Dr. Francis Yoo ● Limitless Expanded Edition Upgrade Your Brain, Learn Anything Faster, and Unlock Your Exceptional Life by Jim Kwik ● The 5AM Club: Own Your Morning. Elevate Your Life by Robin Sharma ● The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company by Robert Iger Yatin: ● E-mail: beyondmdpodcast@gmail.com ● LinkedIn: Yatin Chadha…

beyond MD with Dr. Yatin Chadha

1
Enjoying a Diverse Career & Multiple Streams of Income with Dr. Stephanie Zhou (Part 2) 33:09

hace 1 year33:09

33:09

Thanks for tuning in to part 2 of multiple streams of income with Dr. Stephanie Zhou. One thing I hope people can take away from these interviews is that it's possible for many of us build a diverse and rewarding career....the multiple streams of income is the cherry on top. Discussion Points: Getting paid to offer advice in your area of expertise (0:37) Steph's approach to venture capital (6:08) Income through traditional investments (12:52) Income potential through social media (16:05) Exploring the distinctions between podcasting and YouTube in terms of monetization (19:35) Real estate investments and their relationship to a potential recession (22:40) Physician Financial Wellness Conference (26:46) Stephanie Zhou: • Stephanie’s Instagram • Stephanie’s LinkedIn • Stephanie’s Youtube Channel • HaloHealth My Links: •LinkedIn: Yatin Chadha…

beyond MD with Dr. Yatin Chadha

1
Enjoying a Diverse Career & Multiple Streams of Income with Dr. Stephanie Zhou (Part 1) 31:52

hace 1 year31:52

31:52

Join Dr. Stephanie Zhou in today's episode as she dives into her diverse career and the streams of income that come with it. Dr. Steph specializes in addictions medicine at Sunnybrook Hospital, leads the Financial Literacy Curriculum at the University of Toronto, started the annual Physician Financial Wellness Conference, and was recognized among Canada's 100 most influential women in 2022. Tune in for an insightful conversation on multiple streams of income! Discussion Points: The different types of income streams (4:30) How Dr. Steph’s practice is structured and the various streams of income that comes within it (6:37) Does doing a variety of things lead to burnout or sustenance? (12:37) Doing non-destructive focused work (13:24) How admin work gives you time and geographical freedom (19:23) Asking professional compensation when getting invited to speak in talks and conferences (20:13) Managing your time (24:00) How income works in board memberships (27:10) Stephanie Zhou: • Stephanie’s Instagram • Stephanie’s LinkedIn • Stephanie’s Youtube Channel • Thinking Fast and Slow by Daniel Kahneman • Deep Work by Cal Newport My Links: • E-mail: beyondmdpodcast@gmail.com •LinkedIn: Yatin Chadha…

beyond MD with Dr. Yatin Chadha

1
Permanent Life Insurance Part 4 Addendum: Options for Navigating Policies without Fully Exiting 3:59

hace 1 year3:59

3:59

Hello all! We decided to add a few details to Part 4 on Permanent Life Insurance with Jeff Bernstein (CLU, MFA-P). While some may elect to cancel policies, there are also options for navigating policies without fully exiting, which are covered here in a quick summary: 1. APL (Automatic Premium Loan) 2. RPU (Reduced Paid-Up Option) 3. Premium Offset beyondmdpodcast@gmail.com jeffbernstein@seligman.ca…

beyond MD with Dr. Yatin Chadha

1
The Truth about Permanent Life Insurance (Part 4) - Who should consider permanent life insurance?....And more 30:10

hace 1 year30:10

30:10

Thank you for joining me on the final segment of permanent life insurance with Jeff Bernstein, CLU, MFA-P , owner & managing partner of Seligman Insurance. Discussion Points: - The White Coat Investor & permanent life insurance (1:26) - Who can benefit from permanent life insurance? (3:44) - Commissions on permanent life insurance (8:14) - How do commissions impact your policy? (19:18) - Exit strategies, Canceling a policy (22:15) - Closing remarks (25:51) This episode features Arya EHR - https://www.aryaehr.com/ **I endorse only products/services I personally use or would use. I can get commissions that will be used to offset the costs of running this podcast :) Jeff Bernstein: https://www.linkedin.com/in/jeffreymbernstein/ jeffbernstein@seligman.ca https://seligman.ca/ My links: https://www.linkedin.com/in/yatin-chadha-29074b109/ beyondmdpodcast@gmail.com…

beyond MD with Dr. Yatin Chadha

1
The Truth about Permanent Life Insurance (Part 3) - How can a Permanent Life insurance policy be used? 38:11

hace 1 year38:11

38:11

Welcome to Part 3 of Permanent Life Insurance with Jeff Bernstein, CLU, MFA-P, owner & managing partner of Seligman Insurance. Discussion Points: Summary of the death benefit (0:58) Permanent life policies for the kids? (2:58) Corporate Insurance Retirement Plan (6:10) Infinite banking/being your own banker (beware) (18:50) Immediate Financing Arrangement (IFA) (29:17) Jeff Bernstein: https://www.linkedin.com/in/jeffreymbernstein/ jeffbernstein@seligman.ca https://seligman.ca/ My links: https://www.linkedin.com/in/yatin-chadha-29074b109/ beyondmdpodcast@gmail.com…

beyond MD with Dr. Yatin Chadha

1
The Truth about Permanent Life Insurance (Part 2): Demystifying Participating Whole Life Insurance - with Jeff Bernstein 46:26

hace 1 year46:26