Whether it's because their employer's pension plan is terminating or they're about to retire, one of the most common questions we get is whether to pick an annuity or lump sum payment from a pension plan.

If you are a business owner or incorporated professional concerned about the most effective way to save for retirement, you may want to investigate Individual Pension Plans (IPP's). An IPP is a defined benefit pension plan, similar to those found in larger companies or government organizations, but for the benefit of only one, or sometimes two individuals.