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#11 — Robb Engen: Navigating Retirement and Advice-Only Financial Planning

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Manage episode 470603099 series 3605095
Content provided by The Wealthy Barber Inc.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wealthy Barber Inc. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Our guest this episode is Robb Engen—creator of the Canadian personal finance blog “Boomer & Echo” and advice-only financial planner based in Lethbridge, AB.

In this podcast, Dave and Robb discuss navigating retirement and the world of advice-only financial planning—what it is, why it’s not as common in Canada and Robb’s unconventional career path in finance. Much of the conversation has Robb sharing his expertise on retirement planning, covering everything from when to take your CPP to safe withdrawal rates to planning for big expenses and much more.

Whether you’re nearing retirement or just curious about fee-only financial planning, this episode is packed with insights you won’t want to miss!

Show Notes

(00:00:00) Intro & Disclaimer

(00:00:55) Intro to Robb Engen

(00:06:39) What is Advice-Only Financial Planning

(00:12:26)  What Type of Clients Are Best for Advice-Only Planning

(00:17:09)  Why Isn't Advice-Only Planning More Popular in Canada

(00:19:17) Upsizing in Retirement

(00:21:04)  When Should You Take Your CPP?

(00:25:11) Spending in Retirement

(00:29:29) ​​ All-in-One ETFs

(00:30:56) Robo-Advisors Turning Into Speculative Investment Platforms

(00:35:01)  Safe Withdrawal Rates in Retirement

(00:37:47)  Planning for Large One-Time Expenses in Retirement

(00:42:57)  Giving Kids Money for a Down Payment

(00:44:02)  Housing Prices Are Unfair For The Younger Generation

(00:45:49) Postnups

(00:46:55)  Options for Accessing Your Home Equity in Retirement

(00:50:43)  Giving Money Away if You Have Enough for Retirement

(00:53:58) Life Insurance

(00:55:43) Grandparents Helping to Fund RESPs

(00:57:28) Robb’s Big Three Takeaways

(00:59:51)  You Just Retired… Now What?

(01:02:40)  Dave's Dad's "Solution" to Financial Planning

(01:03:46) Die With Zero

(01:04:48) Conclusion

  continue reading

17 episodes

Artwork
iconShare
 
Manage episode 470603099 series 3605095
Content provided by The Wealthy Barber Inc.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wealthy Barber Inc. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Our guest this episode is Robb Engen—creator of the Canadian personal finance blog “Boomer & Echo” and advice-only financial planner based in Lethbridge, AB.

In this podcast, Dave and Robb discuss navigating retirement and the world of advice-only financial planning—what it is, why it’s not as common in Canada and Robb’s unconventional career path in finance. Much of the conversation has Robb sharing his expertise on retirement planning, covering everything from when to take your CPP to safe withdrawal rates to planning for big expenses and much more.

Whether you’re nearing retirement or just curious about fee-only financial planning, this episode is packed with insights you won’t want to miss!

Show Notes

(00:00:00) Intro & Disclaimer

(00:00:55) Intro to Robb Engen

(00:06:39) What is Advice-Only Financial Planning

(00:12:26)  What Type of Clients Are Best for Advice-Only Planning

(00:17:09)  Why Isn't Advice-Only Planning More Popular in Canada

(00:19:17) Upsizing in Retirement

(00:21:04)  When Should You Take Your CPP?

(00:25:11) Spending in Retirement

(00:29:29) ​​ All-in-One ETFs

(00:30:56) Robo-Advisors Turning Into Speculative Investment Platforms

(00:35:01)  Safe Withdrawal Rates in Retirement

(00:37:47)  Planning for Large One-Time Expenses in Retirement

(00:42:57)  Giving Kids Money for a Down Payment

(00:44:02)  Housing Prices Are Unfair For The Younger Generation

(00:45:49) Postnups

(00:46:55)  Options for Accessing Your Home Equity in Retirement

(00:50:43)  Giving Money Away if You Have Enough for Retirement

(00:53:58) Life Insurance

(00:55:43) Grandparents Helping to Fund RESPs

(00:57:28) Robb’s Big Three Takeaways

(00:59:51)  You Just Retired… Now What?

(01:02:40)  Dave's Dad's "Solution" to Financial Planning

(01:03:46) Die With Zero

(01:04:48) Conclusion

  continue reading

17 episodes

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