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What is a defined benefit pension plan? How is it different from a defined contribution pension plan? Will the type of pension impact my retirement? Kevin and Clinton answer those questions in this Financial 15. This is episode 4 of the Becker Orr Original Series on how to fund your retirement. Check out the other videos: Episode 1: Annuities • How to Fund Your Retirement with Annuities... Episode 2: CPP & OAS • How to fund retirement with CPP & OAS - Fi... Episode 3: Dividends • How to Fund Your Retirement with Dividends... Episode 5: Tax Efficient Withdrawals • How to Fund Your Retirement with Tax Effic... Episode 6: Commuting Your Pension • How to Fund Your Retirement by Commuting Y... Clinton and Kevin are with Becker Orr Wealth Management and are both Portfolio Managers with Canaccord Genuity Wealth Management. Combined they have over 40 years of experience. In this episode they tackle: 0:00 Intro 0:54 Sources of retirement income 2:10 DB vs DC 6:22 Stats 8:05 How to incorporate DB and DC into your retirement plan 9:35 Income splitting 10:19 Pension income tax credit Have a question or want to review your financial plan? Chat with us! Visit: https://www.beckerorr.com/chat-with-us