What is the Healthcare of Ontario Pension Plan (HOOPP) and is it a good fit for incorporated physicians of today?

What is the Healthcare of Ontario Pension Plan (HOOPP) and is it a good fit for incorporated physicians of today?

Author: Vu Kiet Tran January 3, 2025 Duration: 1:03:11
The Healthcare of Ontario Pension Plan (HOOPP) will welcome Ontario incorporated physicians on January 2nd, 2025. For more than 60 years, HOOPP has been providing secure pensions to Ontario healthcare workers. With more than 460,000 members and 670 participating employers across the province, HOOPP’s membership continues to grow.  Physicians play an important role in Ontario’s healthcare sector, and HOOPP is pleased to announce that HOOPP will open the Plan to eligible incorporated physicians across the province in January 2025.  Medical associations have advocated and now doctors have another pension option.   What is The Healthcare of Ontario pension Plan? Who was it designed for? Were physicians in the initial calculations back in its establishment in 1960? If not, how do incorporated physicians fit in there now?   Does HOOPP even meet the needs of incorporated physicians in Ontario in 2025? Does it fall short and where?   To leave me with comment, please email me at HMFHD2020@gmail.com   To register for Code Green financial literacy conference, visit www.codegreenfinancial.com      

Ever feel like managing your money is a diagnosis you just can't crack? How is my Financial Health, Doc? is a space built specifically for healthcare professionals-from residents to seasoned surgeons-who are experts in the human body but might find their own financial picture a bit blurry. Host Vu Kiet Tran creates candid conversations where the complexities of investing, debt management, and building wealth are broken down without judgment. Here, the often-taboo questions about salary negotiations, side hustles, and planning for a secure future are not just allowed, they’re the entire point. Each episode feels like a consult with a trusted colleague, blending practical business principles with an understanding of the unique pressures and irregular income streams common in medicine. You’ll hear real stories and straightforward strategies that connect the dots between physical well-being and financial fitness. This podcast recognizes that a healthy career requires a solid economic foundation, offering actionable advice to help those who care for others start feeling more confident about caring for their own financial future. Tune in for a dose of clarity that goes beyond the clinic.
Author: Language: English Episodes: 100

How is my Financial Health, Doc?
Podcast Episodes
Pitfalls to avoid if/when you become a physician landlord [not-audio_url] [/not-audio_url]

Duration: 1:10:33
This is the first episode of a 2-part series about the legal pitfalls of being a physician landlord. If/when you become a real-estate investor and desire passive income through rental properties, there are many traps to…
Alternative ways to invest in real-estate [not-audio_url] [/not-audio_url]

Duration: 41:41
Many people, including physicians, enjoy real-estate as an asset class. There are more than 1 way to invest in real-estate. Today, we discuss one of them. They Why, What, and How. To leave me with your feedback, please e…
Conversation with the Savvy Physician himself Dr. Ketan Kulkarni [not-audio_url] [/not-audio_url]

Duration: 1:03:06
In this episode, we will pick the brain of the Savvy Physician, someone who has shared with our community his learnings throughout the years about personal finance. Dr. Kulkarni has written a book that is making very pos…
The original Finance Medical Teacher - Dr. Michael Varenbut [not-audio_url] [/not-audio_url]

Duration: 1:01:09
This episode, I am having a conversation with Dr. Varenbut about his impetus for writing his book about personal finance for Canadian physicians. We will learn from his experience and wisdom surrounding the topic of fina…