Many people are unaware of the highly effective alternative to RRSPs – the Individual Pension plan. Primarily designed for business owners and executives who earn in excess of $75,000 per year, and are at least age 40, the IPP provides many advantages, including higher contribution limits versus RRSPs. Often referred to as a "Supersized RRSP", Mike explains this interesting, and often misunderstood, option for building retirement savings in a prudent and effective manner.