Retirement Planning is a Puzzle

Retirement planning isn’t one-size-fits-all—Robb Engen joins the latest episode of The Wealthy Barber Podcast to explain why taking a personalized approach is key. 

Check out the full podcast for more retirement planning wisdom—available on our website, YouTube, Apple Podcasts, Spotify and all other podcasting platforms.

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Retirement is another beast though, right? When you go from earning one paycheck to now multiple streams of income, and I talked about the puzzle pieces, how do you fit all these puzzle pieces together?

Whether that’s from a workplace pension, your RRSP, maybe a lira from an old job, you’ve got your TFSA, uh, then you’ve got your government benefits to consider as well.

And maybe some part time income too.

Exactly. Yeah. So, and then maybe there’s an age difference with the, with your, with your partner too.

And so you’re trying to figure out how that all fits in and if you’re going to retire together or, uh, or a little bit, um, staggered. So like there’s lots to consider.

You said all that very well and I’m often asked why didn’t I write The Wealthy Barber for Retirees, The Retiring Barber. And I’ve often said it’s because you can’t, I can’t give that generic advice chapter by chapter about how to do things because everybody’s situation is just different enough.

There’s all those moving parts and the book would have to be this thick for me being able to get through them all. They need individual plans at that point. I could write a book, but it wouldn’t take that structure. And so I think you’re bang on with what you’re saying.