EP297 Individual Pension Plans as a Path to Entrepreneurial Security
Release Date: 06/18/2024
EP312 Building Businesses and Bridging Gaps in Productivity
The Cash Rich Exit Podcast
Welcome to The Cash Rich Exit Podcast! I’m Colleen O’Connell-Campbell, Wealth Advisor and your host. Today, we’re joined by a seasoned entrepreneur, Marc Gingras, whose impressive journey spans startups, venture capital, and productivity innovation. Marc is the co-founder of Bloks and, in his own words, “student of entrepreneurship”, continually evolving and applying lessons from each stage of his career. 🎙️ What You’ll Learn in This Episode: 🛠️ The Evolution of Entrepreneurship: Marc shares candid reflections on his early days as a founder, from the highs...
info_outline
EP311 Fun, Frank Advice for a Cash Rich Exit in 2025
The Cash Rich Exit Podcast
Join us on The Cash Rich Exit Podcast for a special roundup of the best "Fun, Frank Advice" shared by our incredible guests this year. I’m Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities and your host, guiding you - visionary leaders of the Self-Made Nation - through strategies for building, scaling, and planning your intentional cash-rich exit. In this celebratory episode, we reflect on the wisdom, inspiration, and actionable insights offered by our guests throughout the year. From lessons on resilience and vulnerability to practical advice on preparing for an...
info_outline
EP310 Building M&A Potential for Traditional and Service Businesses
The Cash Rich Exit Podcast
Welcome back to ‘The Cash Rich Exit Podcast’! I’m your host, Colleen O’Connell-Campbell, Wealth Advisor. My guest today is Brad Ezard, a seasoned M&A expert and corporate lawyer with extensive experience in private equity, business restructuring, and transaction management. As a partner at in Ottawa, Brad specializes in helping traditional and service-based businesses navigate the complexities of mergers and acquisitions. 🎙️ In this insightful episode, we discuss the unique challenges and opportunities these businesses face when planning for a cash-rich exit. ...
info_outline
EP309 Navigating Tech M&A for Exit Success
The Cash Rich Exit Podcast
Welcome back to The Cash Rich Exit Podcast! I’m your host Colleen O’Connell-Campbell, here to guide you, the Self-Made Nation, through the strategies and stories that lead to successful business exits. In this episode, I’m joined by Boris Petkovic, Director at Sampford Advisors Inc., a leading M&A advisory firm specializing in technology companies. We chat about the dynamic world of mergers and acquisitions (M&A) in the tech sector, with insights tailored to entrepreneurs and founders aiming for a cash-rich exit. 🎙️ What you’ll Learn in this Episode: ...
info_outline
EP308 Beyond the Exit - Redefining Identity and Purpose
The Cash Rich Exit Podcast
Welcome back to The Cash Rich Exit Podcast! I’m your host, Colleen O’Connell-Campbell, Wealth Advisor. In this episode, we wrap up our enlightening three-part series with leadership coach Eric Deschamps. We talk about one of the most personal aspects of an entrepreneurial exit: redefining identity and purpose beyond the business. 🌟 Rediscovering yourself After the Exit: We discuss the psychological impact of leaving behind the role of business owner and the challenge of finding a new sense of self. Many entrepreneurs define their identity by their work, and the prospect of...
info_outline
EP 307 Leadership and Loneliness – Finding Connection at the Top
The Cash Rich Exit Podcast
Welcome back to ‘The Cash Rich Exit Podcast’! I’m your host, Colleen O'Connell-Campbell, Wealth Advisor. Today, we continue our conversation with Eric Deschamps, a leadership and business coach who talks about the often-overlooked issue of loneliness in leadership. Eric brings insights on how to navigate isolation, especially for those at the top who may feel the weight of leading, without a peer group to lean on. 🌟 Redefining Leadership Loneliness: Eric opens up about the reality of isolation many leaders experience, describing it as a "silent pandemic," especially for men who...
info_outline
EP306 Finding your Rhythm: Balancing Business Growth and Personal Well-Being
The Cash Rich Exit Podcast
Welcome back to The Cash Rich Exit Podcast! I’m your host, Colleen O'Connell-Campbell, Wealth Advisor to business owners working towards a cash rich exit. In today’s episode, we kick off part one of a three-part conversation with business and leadership coach, Eric Deschamps. Eric brings a wealth of knowledge, sharing insights into maintaining work-life balance - though, as you'll hear, he prefers the term "work-life rhythm". 🎙 The Ebb and Flow of Life and Business: Eric talks to me about the importance of understanding that life and business are not meant to be perfectly...
info_outline
EP305 Bold Beginnings and Business Lessons
The Cash Rich Exit Podcast
Welcome back to The Cash Rich Exit Podcast! I'm your host, Colleen O'Connell-Campbell, Wealth Advisor. In today’s episode, I sit down with Lily Bond, the inspiring young entrepreneur behind Spyce Girlz, who launched her business as a teenager and turned it into a thriving brand. As an entrepreneur in her 20’s, Lily has already faced immense challenges and learned how to navigate the entrepreneurial landscape, offering valuable insights for seasoned business owners and aspiring entrepreneurs alike. 🧑🍳 Building a Business from Scratch: Lily shares her entrepreneurial journey,...
info_outline
EP304 Blending Passion and Purpose
The Cash Rich Exit Podcast
Welcome to The Cash Rich Exit Podcast, where we discuss the entrepreneurial journey from inception through to a successful exit. I’m Colleen O’Connell-Campbell, your host and Wealth Advisor at RBC Dominion Securities. Today, we're joined by Sheena Brady, the dynamic founder of , a company that’s redefining wellness with its unique tea and botanical-infused essentials. 🌿 From Hospitality to Health: Sheena shares her body of work from a decade-long career in hospitality to discovering the potent world of tea and functional botanicals. This pivot was a career change and a personal...
info_outline
EP303 Planning for the Unpredictable- a Guide for Canadian CEOs and Founders
The Cash Rich Exit Podcast
Welcome (back) to The Cash Rich Exit Podcast! I'm Colleen O'Connell-Campbell, your host and Wealth Advisor, dedicated to guiding you, the Self Made Nation, through the pivotal transitions of your entrepreneurial journey. Today, I’m calling your attention to a topic that is perhaps not as talked about as it should be by Canadian CEOs, founders, and business owners: preparing for a future where selling your business might not be an option. It’s a reality that 91% of business owners over 55 are facing without a formal succession plan. In this episode I’ll give you the primer...
info_outlineWelcome to The Cash Rich Exit Podcast, where I, Colleen O’Connell-Campbell, guide you - ambitious CEOs, founders, and business owners - through critical entrepreneurial financial transitions. Today’s episode is especially important for those of you over the age of 40 with a significant T4 income, as we explore an exceptional tool for securing your financial future: the Individual Pension Plan (IPP).
🌟 Why Consider an IPP?
The IPP offers a suite of benefits tailored for business owners aiming to maximize their retirement savings while minimizing taxes. I cover the breakdown in the episode including:
Tax Advantages: Contributions made by your corporation are tax-deductible and grow on a tax-deferred basis, providing a potent mix of immediate and long-term tax savings.
Higher Contribution Limits: Unlike RRSPs, IPPs allow for higher contribution limits, which increase with age, making them an excellent option for those looking to catch up on their retirement savings.
Creditor Protection: Enjoy peace of mind knowing your retirement savings in an IPP are protected from creditors.
Flexible Retirement Options: IPPs provide flexibility in terms of retirement age and benefits, aligning perfectly with personal and business exit strategies.
📊 How Does an IPP Work?
Funding: Your corporation funds the IPP, ensuring sufficient assets to provide the required retirement benefits, with contributions determined by an actuary.
Investment: While IPP funds can be invested similarly to those in an RRSP, they come with certain restrictions due to pension legislation. The funds must be managed under a "prudent investor" standard, focusing on diversification and risk management.
Retirement: Upon retirement, the IPP can begin making pension payments directly to you, or the commuted value can be transferred to another retirement savings plan. These payments are eligible for pension income splitting and tax credits, optimizing your financial benefits.
Remember, planning early for your exit and retirement is about securing financial freedom and ensuring a smooth transition to a comfortable retirement. Do seek out opportunities to enhance your financial well-being with tailored, sector-specific advice.
I am your host - Colleen O’Connell-Campbell: Connect with me on LinkedIn
📞 Book a 1:1 Wealth Gap Analysis with Colleen
Planning to exit your business in 5-10 years? Evaluate and close your wealth gap. Book a 1:1 Wealth Gap Analysis session with me via LinkedIn today and start your journey towards a cash-rich exit!
Thank you for tuning in to The Cash Rich Exit Podcast. If you’ve found this episode enlightening, please leave us a five-star rating 🌟🌟🌟🌟🌟 and share your thoughts.
***
The Cash Rich Exit Podcast is brought to you by O’Connell-Campbell Wealth Management at RBC Dominion Securities.
All opinions expressed by the host, Colleen O’Connell-Campbell, and podcast guests are solely their own opinions and do not reflect the opinion of RBC Dominion Securities.
This podcast is for informational purposes only before taking any action based on information in this podcast you should consult with a qualified professional.
Colleen O’Connell-Campbell is a Wealth Advisor at RBC Dominion Securities, a member of the Canadian Investor Protection Fund.