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Retiring Canada
Michael Isbister, CFP®
67 episodes
3 days ago
Retirement planning strategies for Canadians delivered in plain English.
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Education
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All content for Retiring Canada is the property of Michael Isbister, CFP® and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Retirement planning strategies for Canadians delivered in plain English.
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Self-Improvement
Education
Episodes (20/67)
Retiring Canada
EP 65 - Retirement Portfolio Construction

Building a retirement portfolio isn't just about what you invest in it's about where you hold it. Today's episode breaks down how smart asset location can make or break your retirement income.


Specifically, we are going to discuss:

- Two considerations when building a retirement portfolio.

- The importance of considering where you place investments through a tax lens.

- A conversation I have with all our successful retirees.

- The importance of a portfolio that can weather market uncertainty.

- A sample retirement portfolio.


Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.


WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of Canadians and subscribe to the Retiring Canada Newsletter.


As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca


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1 week ago
16 minutes 6 seconds

Retiring Canada
EP 64 - Our New Client First Year

From that first coffee and handshake to personalized follow-ups and ongoing strategy, here’s what your first year as a client really looks like.

Specifically, we are going to discuss:

-       How a team approach leads to a more robust relationship

-       The importance of a coffee and handshake

-       Your tailor first year experience – in writing

-       How often we will meet, whether by phone, virtually or in person

-       Our specialization and commitment to you

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.

WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca

 

Sample of Client’s First Year


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3 weeks ago
11 minutes 35 seconds

Retiring Canada
EP 63 - FRP Step # 5 - Estate Planning

Estate planning is more than just having a will, it’s about protecting your family, reducing taxes, and making life easier for your loved ones. In the final step of the Fundamental Retirement Plan, we break down the essentials and the overlooked strategies you can’t afford to miss.

Specifically, we are going to discuss:

-       The core estate documents you need to have in place

-     The disconnect that can happen when you have a transactional relationship with legal council

-     How decisions made in step one of our process trickles down to step 5

-       One crucial strategy that is often overlooked but will have a significant impact on your spouse or executor.

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.

 

WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latestRetirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca


Show more...
1 month ago
18 minutes 31 seconds

Retiring Canada
EP 62 - FRP Step # 4 - Health Care Planning

Health care is often the hidden cost of retirement. In this episode, we show how the right planning can protect your lifestyle, unlock tax credits, and even help you avoid tens of thousands in out-of-pocket expenses.


Specifically, we are going to discuss:

-         The health care system as we understand it today.

-         The underutilization of credits and benefits by Canadians

-         A real-life scenario where a $25,000/year cost was avoided.

-         Topics we discuss with prospective clients during this step.

-         Why asking the right questions makes us different.


Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.

WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca


Show more...
1 month ago
13 minutes 52 seconds

Retiring Canada
EP 61 - FRP Step # 3 - Tax Planning

Smart retirement planning isn’t just about investing, it’s about keeping more of what you’ve worked so hard to earn. Step three of the Fundamental Retirement Plan is all about tax planning and it could save you thousands.

Specifically, we are going to discuss:

-         The difference between tax planning and tax advice

-         Common strategies we develop for retirees

-         Tax planning for incorporated professionals and business owners.

-         The key benefits of tax planning, other than reducing your tax bill

-         Our two most impactful client value adds

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.

WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca


Show more...
2 months ago
15 minutes 37 seconds

Retiring Canada
EP 60 - FRP Step # 2 - Income Planning

Retirement isn’t the end of your income, it’s the start of your most important paycheque strategy.

Specifically, we are going to discuss:

-       Four crucial aspects to income planning

-       How decisions from step 1 impact step 2

-       Planning for the go-go years of retirement

-       Answering your retirement income concerns

-       The single biggest decision during the income planning step

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.

WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca

Show more...
2 months ago
13 minutes 26 seconds

Retiring Canada
EP 59 - FRP Step # 1 - Investment Allocation

Most people enter retirement with a collection of investment accounts but no real plan. In this episode, we break down why your investment allocation sets the tone for every decision that follows, from income and taxes to long-term care and legacy planning.


Specifically, we are going to discuss:

-       An introduction to the 5 steps in the Fundamental Retirement plan

-      Why the crucial first step is Investment allocation

-       Understanding if you are being properly compensated for the risk you are taking

-       How lack of diversification means you are leaving a lot of quality business on the table,

-       Key metrics we review as we diagnose your existing portfolio.

-       How decisions you make in your investment allocation cascade into all other areas of your retirement plan.


Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.


WANT EVEN MORE RETIREMENT PLANNING TIPS?


Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca


Show more...
3 months ago
16 minutes 52 seconds

Retiring Canada
EP 58 - Maximize Retirement by Minimizing Cash Drag

Could your retirement portfolio be silently underperforming because of cash you didn’t even realize you had? Cash drag may be one of the easiest retirement mistakes to fix—and the cost of ignoring it could be massive.

Specifically, we are going to discuss:

-  What is cash drag, and how does it impact your retirement nest egg

-  Three area’s we find excess cash, some of it hidden

- A reasonable buffer to keep in your bank account for ongoing needs

-  A misguided reason some may hold excess cash in their investments

-  A simple example to put it all together and illustrate what your missing out on

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.

WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca


Show more...
3 months ago
18 minutes 59 seconds

Retiring Canada
EP 57 - Gifting Money to Family in Retirement

Thinking about giving your kids money while you're stillalive to see them enjoy it? In this episode, we explore how to gift without jeopardizing your own retirement—and the conversations that need to happenfirst.

Specifically, we are going to discuss:

-       The two kinds of gifts you can make

-       How to set expectations

-       A scenario I have come across with a substantial gift in mind

-       A hierarchy of financial needs to address with a gift

-       The tax implications of a gift.

-       Fostering a deeper connection and implementing intergeneration wealth transfer

Lastly, I will finish up with some action items to helpaddress some potential shortfalls in your current plan.

WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latestRetirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca

 

Show more...
4 months ago
16 minutes 55 seconds

Retiring Canada
EP 56 - PROs & CONs to DIY Investing in Retirement

DIY investing might save youmoney—but could it cost you peace of mind in retirement?
Before you decide to go it alone, hear the pros, cons, and what most DIY retirees wish they knew sooner.

Specifically, we are going to discuss:

-       Who is the typical DIY retirement investor

-       The 3 core pain points of the Retirement DIY investor

-       Four Pros and four cons to DIY investing in retirement

-       10 Thing you should expect if you work with an advisor

-       How our biases impact our decision making


Lastly, I will finish up with some action items to helpaddress some potential shortfalls in your current plan.

WANT EVEN MORE RETIREMENT PLANNING TIPS?

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter

As a thank you, you’ll receive a copy of our latestRetirement Guide AND MORE!

 ***

EPISODE RESOURCES:

📊  Work With Michael

💻 Subscribe to the Newsletter

👉 Download Our Latest Retirement Guide

✏️  Submit Your Question

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca

Value of Personalized Advice


Show more...
4 months ago
20 minutes 16 seconds

Retiring Canada
EP 55 - High Investment Fees Destroy your Retirement

Are hidden investment fees quietly eating away at your retirement? In this episode, we uncover what you’re really paying—and how to take back control of your financial future. 

Specifically, we are going to discuss: 

  • Understanding the fees you pay – Advisory fee vs investment fee 

  • Two fees that are mostly transparent 

  • Four hidden fees that drag down your portfolio  

  • A real life example of how a hidden fee can disrupt a retirement plan 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 


SPIVA Canada 

Luck Vs Skill in the Cross-Section of Mutual Fund Returns  

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5 months ago
18 minutes 50 seconds

Retiring Canada
EP 54 - The $3 Million TFSA Retirement Strategy

Did you know a few simple tweaks to your TFSA today, could transform your retirement in 30 years? 

Specifically, we are going to discuss: 

  • The first step to optimizing your TFSA account 

  • The blanketed approach to investment decisions 

  • A balanced investor’s TFSA balance from 2009 to today 

  • The impact of changing your plan over the next 30 years 

  • 4 decisions that could ruin your TFSA 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

 Dimensional 60/40 Portfolio 

Dimensional Global Equity Portfolio  

Show more...
5 months ago
16 minutes 34 seconds

Retiring Canada
EP 53 - Scam’s to Watch out for in Retirement

I’ve been targeted by scammers – and you probably have too. Here’s what you need to know to protect yourself. 

Specifically, we are going to discuss: 

  • My own experience being targeted by scammers 

  • A quick tip to help cut down on the phone calls and texts 

  • Three common scam and fraud schemes we come across 

  • On commonality across all scam and fraud schemes you can use to help spot a fraud 

  • The importance of having a trusted contact person 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

 

Government of Canada A-Z Fraud Index 

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5 months ago
15 minutes 43 seconds

Retiring Canada
EP 52 - Are your Retirement Assets Exposed to US Estate Tax?

Think US estate tax doesn’t apply to you as a Canadian? Think again — you could be in for a costly surprise. 

Specifically, we are going to discuss: 

  • What is the US Estate Tax  

  • Two questions you need to consider to determine if you are required to pay US estate tax 

  • Upcoming changes in 2026 that could expose your worldwide estate tax 

  • Strategies to consider to help mitigate or eliminate your exposure 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

US Estate Tax Calculator  More Information on US Estate Tax 

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6 months ago
12 minutes 37 seconds

Retiring Canada
EP 51 - Does Your Will Align With Your Intent?

Is your will really saying what you think it is? In this episode, we uncover common estate planning mistakes and how to make sure your wishes are carried out. 

Specifically, we are going to discuss: 

  • Potential issues that can arise with an estate 

  • Three scenarios I have come across in the last 12 months 

  • Considerations you should discuss with your legal counsel 

  • Who should be reviewing their will 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

 

Show more...
6 months ago
11 minutes 48 seconds

Retiring Canada
EP 50 - Retiring in Uncertain Times

Uncertainty is inevitable, especially during the fragile decade surrounding retirement. In this episode, I share practical strategies and critical questions to help you build a resilient retirement plan you can count on—no matter what life throws your way. 

Specifically, we are going to discuss: 

  • The dos and don’ts when retiring during uncertain times 

  • Time tested critical planning questions to ask when review your retirement plan 

  • The value of a second opinion  

  • A retirement resource library at your disposal 

  • A thank you to people who helped get me to episode 50 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

RETIRING IN UNCERTAIN TIMES - EBOOK 

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7 months ago
14 minutes 13 seconds

Retiring Canada
EP 49 - Reduce Retirement Income Risk with Prudent Financial Planning.

Retirement income planning is a crucial piece to your overall retirement plan that must be protected!  Through prudent planning that factors in investment, tax and income planning, you too can insulate your retirement nest egg from market draw downs.  

Specifically, we are going to discuss: 

  • How uncertainty seeps into our day to day lives 

  • The importance of tuning out the noise 

  • Two crucial planning considerations to reduce the risk to your retirement income. 

  • How to brace for an inevitable market downturn 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

RETIRING IN UNCERTAIN TIMES - EBOOK 

Show more...
7 months ago
12 minutes 23 seconds

Retiring Canada
EP 48 - When One Spouse Handles the Finances


Who handles the finances in your household? In this episode, we explore what happens when one spouse takes the lead, how financial responsibilities are divided and key steps to ensure both partners are financially prepared for the future. 

Specifically, we are going to discuss: 

  • How responsibilities are split between spouses.  

  • The probability the surviving spouse will find a new advisor within a year 

  • A real-world experience when one spouse passes 

  • Understanding what value means to you 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

Surviving Spouse’s leaving their Advisor 

 

Show more...
8 months ago
9 minutes 52 seconds

Retiring Canada
EP 47 - Over Saving in Retirement Accounts

Entering retirement having more than enough to sustain your lifestyle can come with its on set of unique considerations and hurdles that should be well thought out and planned for accordingly.  

In today’s episode, we are going to discuss: 

  • Three considerations when you have more than enough 

  • A real-world example of not having a plan in place 

  • Working through the fear of spending in retirement 

  • How to create a legacy from your abundance 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to theRetiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻Subscribe to the Newsletter 

👉Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐www.RetiringCanada.ca 

Show more...
8 months ago
14 minutes 19 seconds

Retiring Canada
EP 46 - Entering Retirement with a Stock Portfolio

Stock portfolios may look good on paper, but are you accepting too much risk by having this level of overconcentration?  In today’s episode, we break it down and try and take the emotion decisions out of it.  

Specifically, we are going to discuss: 

  • What stock overconcentration looks like. 

  • The pitfalls this can lead to in retirement. 

  • The impact of stock options and company associated risks. 

  • Ways to mitigate the tax implications of making a switch. 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

 

Show more...
9 months ago
10 minutes 55 seconds

Retiring Canada
Retirement planning strategies for Canadians delivered in plain English.