"Unretired" & Inspired - A Retirement Planning Podcast

Caleb and Riley discuss the benefits of living a more minimalist life. A new Netflix documentary titled, 'Minimalism: Less is now' offers a fresh perspective on minimalism and the many ways it can help us find satisfaction in life. Learn more about: How a shift in perspective on wealth can possibly undo decades of corporate brainwashing Re-evaluating your life in terms of where you truly find happ...

Caleb and Riley discuss whether an individual with some 'extra cash' should pay off debt or invest. Often people are divided into two camps in how they think about this question. Some people are mathematical about it, they will choose the option that maximizes their wealth. Others approach it emotionally and choose the option based on how investments and debt make them feel. Which camp do you thin...

Would someone describe your finances as 'having things everywhere'? Throughout life have you been opening accounts here and there and but never closing any? We're not here to judge you, actually having scattered accounts may work for you when your saving, but if you're close to or in retirement it's definitely not optimal. Today Caleb and Riley discuss asset consolidation and why it can be a wise...

Caleb and Riley are joined by Warren Kay to discuss senior housing, retirement community's and the various options available. Warren Kay is Marketing Manager at Charis Village, a unique senior housing and retirement community in Lacombe, Alberta. Warren also has a unique background, previous to Charis he was as a pastor for 40 years! In this episode we dive deeper into the various levels of care,...

Caleb and Riley discuss aging, health and how this is often an underestimated area of our retirement planning. How long should we plan for our finances to last? Will we encounter daunting health care costs? The number of Canadians aged 100 or older has increased from just 1,065 in 1971 to 9,545 in the 2021. Listen in to understand how we can better navigate changing health as we age and maintain a...

In this special episode Caleb, Riley welcome David Blanchett, head of retirement research at PGIM to discuss all things retirement. David has published over 100 papers on retirement and Money Magazine named him one of the brightest minds in retirement planning. If Marvel created a new superhero with retirement planning powers, it would be David and his alter-ego 'The Grey Gamma'. If you are retiri...

Caleb and Riley discuss what you should be monitoring in retirement to stay on track. Should it be year by year tax? Estate tax? Clawbacks? RRIF minimums? Rates of return? Research shows that we really have no idea what is most important as we enter retirement, so it should be of no surprise that we also don't know what metrics we should be tracking either. Join us as we dive into what is most imp...

Caleb and Riley are joined my Mosi Taylor-Cole to discuss the importance of who you retire with or don't retire with and the implications of divorce on retirees. Mosi is a family law lawyer at Square Law Group and to date, has worked exclusively in family law. Learn more about: The phenomenon known as 'gray divorce'. Statistics show that a record number of people over the age of 50 are choosing to...

Caleb and Riley are discussing the institution of marriage. Not just marriage, but how do we use marriage to our financial advantage. There are tax breaks, incentives and strategies that only the existence of our significant other provides us. So if your listening today, maybe hit pause and lean over to that financial goldmine of a partner and tell them "baby because of you, my bank account is a s...

Caleb and Riley are discussing a problem they continue to encounter in retirement planning. The problem is that many retirees feel it is important to preserve their asset levels in retirement, and many will even go as far as to cut their spending to do it. This could because of fear or uncertainty about the future of using your wealth in retirement and not changing this mindset could lead to a sub...

Caleb and Riley discuss how you can know when you have saved enough. Pre-retirees make many flaws in trying to estimate how much they need in their accounts for retirement. For many reasons people often overestimate how much savings they will need! There are easy rules of thumb that may or may not provide a great prediction but we recommended a more robust calculation for an accurate check on your...

This week is a unique episode where Caleb and Riley discuss three of their favourite retirement and farewell speeches. These speeches are compelling and offer inspiring advice for today and future phases of life. Learn more about: Three inspiring speeches by Dwight Eisenhower (34th President of the United States), Patrick Pichette (Former Google CFO) and Mary Schmich (Chicago Tribune) Ways we can...

Caleb and Riley discuss how to know if it's a good time to retire and whether we should delay retirement during economic downturns. A lot of people have retired over the last 200 years and we dive into what made the best and worst times to retire in history. Having a robust retirement isn't about waiting for the best economic cycle, rather it's knowing what you can control and having a system in p...

Caleb and Riley discuss a popular 'dividend income' investing strategy. Dividend invests has many allures, like the ability to live off your dividends, and participate in both dividend income and growth of the shares. Some may feel dividend paying companies are the most stable and growth oriented companies. But what does the research say about this? With many years of stock market data and peer re...

Would you rather be rich or wealthy? In this episode Caleb and Riley discuss what it means to be rich vs. wealthy and the impact each has on happiness in retirement. Learn more about: Why financial celebrities like Warren Buffet believe there is a difference between being rich and being wealthy The impact of being rich and/or wealthy has on your happiness Insights from research on how we can be mo...

Caleb and Riley discuss retirement timing. In other words, what does the research say about the best age to retire. There tends to be a lot of negativity around retiring late; perhaps people feel they have failed if they don't retire early. Retiring late however can be a winning a strategy, take Warren Buffet for example, still working at age 91. There are many benefits to retiring later and they...

Caleb and Riley are discussing the wide spectrum of financial advice and in particular what investors should expect to pay for financial advice. Financial advisors and financial planners can offer a wide range of services from tax planning to portfolio management, there can also be a wide range of fee's for these services. In this episode we talk about what is and isn't worth paying for (yes, some...

Caleb and Riley are discussing how to make a retirement more robust with guaranteed income. Research has shown that having a certain amount of guaranteed income in retirement allows you to maximize your spending while reducing the chances of running out. Essentially you can transfer the risk of 'living too long' to someone else! Learn more about: What is guaranteed or 'pension-ized' income and whe...

Caleb and Riley are discussing how to squeeze the most income from your retirement accounts, specifically RRSP and RRIF accounts. There are many misconceptions about how to use these accounts and rules of thumb that may not work well for everyone. Use this episode as your guide when considering when and how to draw from these accounts. Learn more about: The proper way to think about RRSP's and RRI...

Caleb and Riley are discussing inflation and practical tips of what retirees can do to manage inflationary periods during retirement. Fidelity conducted a study and determined that 56% of Canadians nearing retirement age said the rising cost of living was holding them back from retiring. This is not very 'awe-inspiring' so let's change this! Learn more about: Using inflation to your advantage inst...

Caleb and Riley are discussing the newly released 2022 Federal Budget, specifically those updates that are relevant for retirees to cruise through retirement with a game winning plan to maximize tax savings. Learn more about: The proposed tax changes most likely to effect pre-retirees and those already retired Long standing tax saving tips that you may be missing out on when filing your tax return...

Caleb and Riley are identifying how the landscape of work is changing, and how those that are approaching retirement may actually be able to capitalize on current employment trends to have a more successful transition into retirement, or perhaps, work longer by finding workplaces that are aligned to their needs. Learn more about employment workplace trends affecting the pre-retiree: Multigeneratio...

Caleb and Riley talk about how to have realistic expectations for when you will actually retire. Data shows that we are bad at predicting when we will retire. To help us not over or underestimate how long we discuss how pre-retirees can apply the "Rule of 61" and adjust their plans accordingly. Learn more about: History/trends in retirement timing over the past 100 years Why we are bad at predicti...

Caleb and Riley are discussing common retirement mistakes and setbacks that they have seen clients make over the years. Caleb shares three stories from real people and their retirement situations, and what they could have done to better prepare themselves.  Learn more about: Estate equalization and what to consider when dividing up your net worth among your beneficiares  How to properly vet a Fina...

Caleb and Riley are talking about the pros and cons of owning rental properties in retirement. While it might seem that owning real estate is a good opportunity at any point in time, there are additional things to consider when you are entering retirement age.  Learn more about: Why real estate is appealing and potential downsides Investing vs owning a rental A real estate investors quiz to help d...