I'm pretty sure every Ontario teacher knows we have a pension. But do you even know what a pension is? Why the Ontario Teacher Pension Plan is regarded as one of the best ones? What implications does it have when it comes to your retirement? We'll we are going to talk about our financial future and how our pension plan is going to help us live a comfortable lifestyle in retirement!
On this episode, I chat with Trevor Wright, an Investment Analyst at the Ontario Teacher Pension Plan. We chat about:
- What exactly is a pension?
- Whats the difference between Defined Benefit vs. Defined Contribution Pension? Which one do we have?
- How many years are teachers collection pension for? How many retired teachers are there currently being paid?
- What investments is OTPP making? How are they managing our money?
- Can I take my pension money out and manage it on my own?
- Should I continue to invest into my RRSP?
- How much money will I make in retirement?
Listen in on this informative episode of The Teacher Hotline!
Website: Ontario Teachers Pension Plan
Twitter: @OTPPinfo
Instagram: @theteacherhotline
Facebook: @theteacherhotline
X: @ronaldhae
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