David Trahair's guest appearances

David Trahair

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Today’s podcast episode is on one of my favourite subjects…retirement! I’m joined by David Trahair, author of The Procrastinator’s Guide to Retirement. We chat about the great practical advice in his book and its overall message of hope for people 50+ who haven’t yet saved for retirement David Trahair is a CPA, CA, personal finance writer, trainer, speaker, and eLearning developer. David is the author of several personal finance books and currently operates his own personal finance training and eLearning development firm. He also offers live webinars and online courses to people through organizations including the CPA provincial and territorial bodies.  David is a wealth of knowledge and I’m so glad I was able to ask him so many questions when it comes to retirement. Our conversation covered everything from practical advice like the difference between RIFFs vs. annuities to why running out of money in retirement shouldn’t be as big of a worry as financial institutions would like us to think. I can’t wait for you to listen and enjoy! For full episode show notes visit https://jessicamoorhouse.com/286

Today’s podcast episode is on one of my favourite subjects…retirement! I’m joined by David Trahair, author of The Procrastinator’s Guide to Retirement. We chat about the great practical advice in his book and its overall message of hope for people 50+ who haven’t yet saved for retirement David Trahair is a CPA, CA, personal finance writer, trainer, speaker, and eLearning developer. David is the author of several personal finance books and currently operates his own personal finance training and eLearning development firm. He also offers live webinars and online courses to people through organizations including the CPA provincial and territorial bodies.  David is a wealth of knowledge and I’m so glad I was able to ask him so many questions when it comes to retirement. Our conversation covered everything from practical advice like the difference between RIFFs vs. annuities to why running out of money in retirement shouldn’t be as big of a worry as financial institutions would like us to think. I can’t wait for you to listen and enjoy! For full episode show notes visit <a href="https://jessicamoorhouse.com/286" rel="nofollow" target="_blank">https://jessicamoorhouse.com/286</a>

286 The Procrastinator's Guide to Retirement - David Trahair, CPA, CA, Author and President of Infowin Inc.

David Trahair has written several books on personal finance. He’s a speaker, a personal finance trainer, and a chartered account with over 18 years of experience handing out free knowledge and budgeting templates on his website (https://www.trahair.com). His most recent release is  The Procrastinator’s Guide to Retirement - How to retire in 10 years or less.    A huge shift in how to save for retirement is to track your expenses as a percentage of your income. We ask him about that, his book, and much more.    [0:00 - 1:47] Intro    [1:48 - 8:36 ] Money mistake or makeup - Amazon returns, the importance of psychology in your spending   [8:37 - 14:03] What’s the inspiration for the book? Why is it important for Canadians? Are we falling behind due to rising costs?   [14:04 - 20:32] ] Why is tracking your spending so important for retirement? How do you make it a habit?     [19:04 - 31:00] RRSP vs. TFSA vs. Mortgage - which one do we pay into first? How do we evaluate where to spend our money?    [31:01  - 34:27] Do we need an emergency fund? Or can we just use a line of credit? Emergency fund vs. line of credit - what are your thoughts?   [34:28 - 36:14] A quick primer on predicting interest rates   [36:15 - 42:33] Why is a fee-only financial advisor  with a discount brokerage the investment style gaining in popularity?   [42:34 - 47:51] With ETFs, do we still need a financial advisor?    [47:52  - 53:51] How do we measure our stock performance? Is a robo-advisor enough?    [53:52 - 57:34] Should we still be investing in GICs?    [57:35 - 1:01:00] CPP and OAS aren’t enough to afford long-term care. Should we be taking more risky investments, cut spending, reduce expenses and cut our lives off to not live in squalor in retirement?    [1:01:01 - 1:06:48] RAPID FIRE QUESTIONS   What’s in your wallet?  A book everyone should read?  What was your first job and what did you learn from it? What is a commonly held belief about your industry or space that you passionately disagree with?   If you had one tweet that everyone in the world would read, what would it say?   What’s your number (to retire, how much you need?)  Where can people find you if they have more questions?     [1:06:49 - 1:07:39] OUTRO 

David Trahair has written several books on personal finance. He’s a speaker, a personal finance trainer, and a chartered account with over 18 years of experience handing out free knowledge and budgeting templates on his website (<a href="https://www.trahair.com" rel="nofollow" target="_blank">https://www.trahair.com</a>). His most recent release is <a href="https://www.chapters.indigo.ca/en-ca/books/the-procrastinators-guide-to-retirement/9781770866119-item.html" rel="nofollow" target="_blank"> The Procrastinator’s Guide to Retirement</a> - How to retire in 10 years or less.  A huge shift in how to save for retirement is to track your expenses as a percentage of your income. We ask him about that, his book, and much more.  [0:00 - 1:47] Intro  [1:48 - 8:36 ] Money mistake or makeup - Amazon returns, the importance of psychology in your spending [8:37 - 14:03] What’s the inspiration for the book? Why is it important for Canadians? Are we falling behind due to rising costs? [14:04 - 20:32] ] Why is tracking your spending so important for retirement? How do you make it a habit?   [19:04 - 31:00] RRSP vs. TFSA vs. Mortgage - which one do we pay into first? How do we evaluate where to spend our money?  [31:01  - 34:27] Do we need an emergency fund? Or can we just use a line of credit? Emergency fund vs. line of credit - what are your thoughts? [34:28 - 36:14] A quick primer on predicting interest rates [36:15 - 42:33] Why is a fee-only financial advisor  with a discount brokerage the investment style gaining in popularity? [42:34 - 47:51] With ETFs, do we still need a financial advisor?  [47:52  - 53:51] How do we measure our stock performance? Is a robo-advisor enough?  [53:52 - 57:34] Should we still be investing in GICs?  [57:35 - 1:01:00] CPP and OAS aren’t enough to afford long-term care. Should we be taking more risky investments, cut spending, reduce expenses and cut our lives off to not live in squalor in retirement?  [1:01:01 - 1:06:48] RAPID FIRE QUESTIONS <ul> <li> What’s in your wallet? </li> <li>A book everyone should read? </li> <li>What was your first job and what did you learn from it?</li> <li>What is a commonly held belief about your industry or space that you passionately disagree with? </li> <li> If you had one tweet that everyone in the world would read, what would it say?  </li> <li>What’s your number (to retire, how much you need?) </li> <li>Where can people find you if they have more questions? </li> </ul> [1:06:49 - 1:07:39] OUTRO

David Trahair - Procrastinating your way into retirement

 Losing a job is very difficult. Whether you're a single adult or have a family that relies on your pay cheque, job loss can be devastating. The most important thing you can do for yourself, and for your finances, is to move past it. Today's guest provides practical steps to move ahead financially and put yourself in the best possible position.   David Trahair is a Chartered Professional Accountant and author of several books. You may remember David from shows #25 and #90 where he discussed some of his previous books. His newest book Survive and Thrive, Move Ahead Financially After Losing Your Job, discusses job loss from all levels. Emotional, psychological, financial, and educational challenges that recently unemployed people face.   CPA Canada sees a need for this book and has decided to finance it and give it away free. No cost to it, you just download a free PDF version of the book. Share it with whoever you think may need it.

Losing a job is very difficult. Whether you're a single adult or have a family that relies on your pay cheque, job loss can be devastating. The most important thing you can do for yourself, and for your finances, is to move past it. Today's guest provides practical steps to move ahead financially and put yourself in the best possible position. David Trahair is a Chartered Professional Accountant and author of several books. You may remember David from shows #25 and #90 where he discussed some of his previous books. His newest book Survive and Thrive, Move Ahead Financially After Losing Your Job, discusses job loss from all levels. Emotional, psychological, financial, and educational challenges that recently unemployed people face. CPA Canada sees a need for this book and has decided to finance it and give it away free. No cost to it, you just <a href="https://www.cpacanada.ca/en/connecting-and-news/news/media-centre/2016/november/media-release-surviveandthrivebook" rel="nofollow" target="_blank">download a free PDF</a> version of the book. Share it with whoever you think may need it.

127 – Surviving Job Loss with David Trahair