Retirement Planning for Regular Canadians on The Wealthy Barber Podcast
I am beyond thrilled to share this latest episode of The Wealthy Barber podcast with David Chilton. I was invited back as a return guest to talk about retirement planning for regular Canadians, why retirees struggle to turn off the savings taps and turn on the spending taps, and how my advice-only financial planning model works.
We also talked about my idea to reduce the required RRIF minimum withdrawal rate for singles, how to budget for lumpy and periodic one-time expenses in retirement, and the ideal age to start retirement planning (hint: earlier than you think).
Dave was highly complimentary of me and my wife Lindsay, and the lifestyle practice we have built. He praised me for being a nice guy, and for always answering readers and inquiring clients, often steering them in a different direction if their situation is not a good fit for us (remember: regular people, regular problems).
But Dave is the ultimate nice guy in this industry. His free educational videos and podcast draw attention to a wide range of topics in personal finance, investing, retirement planning, and estate planning. He does this with no hidden agenda, no courses to sell you, no sponsorships, etc.
I think it's safe to say that nobody has done more for enhancing financial literacy in this country than The Wealthy Barber himself, and I am so grateful to be a small part of that in the two podcast conversations that we've shared.
Here's the first one, in case you missed it, on navigating retirement and advice-only financial planning.
And, here is our latest conversation on episode #58 of The Wealthy Barber Podcast – published May 26th, 2026:
I hope you all enjoy this conversation as much as I did.
A very enjoyable discussion. Good dialog between you and David and your suggested changes to help singles. Thanks for sharing it with us. I look forward reading your weekly thoughts.
Great podcast! Just as good as the first one. Always so many gems to take away. Thanks for sharing your knowledge with the regular folks who need guidance.
I was selfishly happy to hear that you won’t be retiring from this business anytime soon, as I’m really hoping you’ll still be available in about 10 years when I’ll be starting retirement planning 😉
Crushed it again Robb!
If you were nervous, you didn’t show it!
Love watching two of my favourite Canadian personal finance people in the same convo together.
Great job Robb! Really impressive.
He’s right about one things – you’re extremely generous with your knowledge: answering questions here and responding to comments.
I’m less anxious about my retirement finances because of your recommendations and all the information you’ve shared over the years here.
I’m very grateful – thank you,
Rob
Well I’m going to need you again soon to help me deal with a forced retirement.
We currently have a financial advisor and are happy with their services. Should we consider getting an independent financial planner to review to ensure our planner is looking out for our best interests? Thanks
Be boring
Enjoyed this 2nd podcast even more. Our first “introduction” was watching #1 with TWB . Not long afterwards our son (who is a long time follower) recommended you & we knew you were the right choice. Our previous financial advisor was sadly lacking in any decumulation strategy. So glad we reached out to you Robb!
Wonderful job again Robb on the podcast with David.
I enjoy listening to you both and appreciate all the work that goes into your blog posts and podcasts like this. So generous sharing ideas and best practices with all of us. Keep up the great work. Thank you.
Hi Robb, I really enjoyed the podcast. I am a DIY and have done fairly well, I listen to and read alot of your advice on financial and tax issues and it has made me a lot better off, thank you. I do have a question for you. I am invested in dividend paying equities and some GIC’s and ZMI. I also have a bond etf ZLC. I was considering investing in a relitively new ETF, ishares XFLX, and ZCS for the monthly income. I was going to sell ZMI to fund this. I am a little concerned of the lack of a track record on XFLX, but it is supposed to be similar to ishares BINC. Your thoughts would be much appreciated.
Thanks, Gord
Hi Gord, thanks for your comment. Gord, are you actually asking me for specific investment advice in the comment section of my blog? I’m sorry, I don’t know anything about those ETFs and it would be highly inappropriate for me to tell you to sell this and buy that.
Sorry Rob, but thank you. The information that you do provide goes a long way. Have a great day.