How do I sign up?
Please note that a desktop or laptop computer is required to complete enrollment.
Please note that a desktop or laptop computer is required to view your dashboard.
The Advantages Retirement Plan™ is a group retirement plan designed to help members of the physician community achieve a foundational level of retirement savings in a cost-effective manner. It is designed based on physician input and the general needs of the physician community. Part of the plan’s efficiency and low cost comes from its simplicity, and its focus on providing retirement income. Designing a cost-effective, easy-to-use plan meant saying no to many potential features. For example, the plan is not:
The Advantages Retirement Plan™ is just that – a retirement plan. It is designed for physicians or their spouses/common-law partners who want a simple, cost-effective vehicle for building retirement security.
Note that all members age 18 or above, including retired members, are eligible to join the plan.
It is advised that you use a desktop or laptop computer to enroll in the plan, and the experience has been optimized for the following browsers: Google Chrome, Safari, Firefox, and Microsoft Edge.
The process takes 20-30 minutes on average to complete, but you can always save your progress and continue the enrollment process later. It is advised that you use a desktop or laptop computer to enroll in the plan, and the experience has been optimized for the following browsers: Google Chrome, Safari, Firefox, and Microsoft Edge.
During enrollment, you will make a few key decisions, which you can always change in the future.
For each of these decisions, you will be provided with a default for your consideration, in case you are not sure which option to choose. These defaults are based on the general needs of the physician community. Ultimately, the choices are yours to make, and the defaults are entirely voluntary.
If you are interested in participating in the plan’s group annuity, or guaranteed lifetime income program, it will be coming soon in 2021. As you consider it, we encourage you to speak to an OMA Insurance advisor by calling 1-800-758-1641 or emailing email@example.com.
You must be age 50 or older to purchase guaranteed lifetime income. If you are transferring in savings currently held in another RRSP or RRIF, then during enrollment you will be able to indicate the percentage of the transfer amount that you wish to use to make an annuity purchase once the transfer is received in your Advantages Retirement Plan™ RRSP. Remember that only RRSP and RRIF assets, not TFSA assets, can be used to purchase guaranteed lifetime income.
A message was sent to Advantages Retirement Plan members on staying the course through market volatility due to COVID-19. You can read the full letter here.
The information contained on this website is provided for educational purposes only, and should not be construed as advice to be acted upon. The information is not intended to offer investment, taxation, accounting, financial or similar professional advice, nor is it intended to replace the advice of independent tax, financial, accounting or legal professionals. This website is intended to only provide general retirement education information based on the common circumstances of the Ontario physician community and does not take into account any individual’s particular financial needs, circumstances and objectives. The information presented here may not be suitable for non-residents of Canada, or situations involving such individuals. Employees of OMA Insurance are not licensed or authorized to provide investment products, services or advice to you, except as it relates to insurance.