#67 — Alexandra Macqueen: How Retirement Planning Has Changed Over the Years
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What is Alexandra Macqueen’s background and why did she specialize in retirement income planning?
Hey, it's Dave Chilton, the Wealthy Barber and former Dragon on Dragon's Den. Welcome to the Wealthy Barber Podcast, where we'll be hosting some of the top minds in the world of personal finance. Yes, that's to balance me out. The podcast is about making the subject not just easy to understand, but dare I say, even fun, honest. Whether you're trying to fund your retirement, figure out how to build a down payment, save for your kids' education, manage debts, whatever, we'll be here to help you do it. Before we jump in, a quick but important note. Nothing we discuss here should be taken as investment advice. We don't know you and your personal financial situation, so we're not here to tell you where specifically to put your investment dollars. We're here to educate, get you thinking, and we hope, entertain. But please do your own research and or consult with your financial advisor before taking any action. Hey, it's Dave Chilton, The Wealthy Barber with The Wealthy Barber Podcast.
I want to start by saying something I hit on most weeks. Thank you so much for tuning in as often as you are. I noticed yesterday the podcast was number one in the country. at Apple for all business podcasts. And that's not number one Canadian, that's number one in Canada, including the international ones. It's been remarkable, the feedback that the podcast has generated, the number of comments and suggestions and criticisms and everything else we get. It's been great to hear from all of you and we're continuing it on now and really pleased with today's guest, Alexandra McQueen. We met long ago. She is truly one of the most well-known and respected people in the financial planning field in Canada. She was one of the first people to talk about retirement income planning, a subject that we have now discussed a lot in the show. She'll bring some fresh insights to that.
How has increasing longevity changed Canadians’ perception of retirement risk?
She wrote Pensionize Your Nest Egg. I think back in 2010, 2011 was I came across. It was the first book of its type like that in Canada and helped a lot of people. She has taught at the Schulich Business School. She's now with FP Canada doing a lot of their course development, helping them to figure out what's the best direction for to take their educational efforts to help the financial planning industry. When I first met her, it was very clear to me very quickly that she was extremely intelligent. Are you still extremely intelligent all these years later? That's probably the most important question. Thank you for that introduction. I think that what set me on this course, right? I think you're responsible for it. You're probably responsible for my entire career. Before we go any further, I need to note, of course, that I'm a co-author on Pensionize Your Nest Egg.
That's true. Yeah, and he's a guy that I have great respect for. Great respect for him. But why are you responsible? Because I was a young, perhaps intelligent 22-year-old when my dad handed me a copy of The Wealthy Barber and said, this is what's going to set you up.
That's great to hear. I mean, it really is. I didn't know that the book had had that kind of influence. And it sounds corny to say this, but you've gone on to help a tremendous number of people. So I'm very proud that the book played a role in your career because, again, you've become very famous in our industry. What did draw you to retirement income planning? Because, again, back in the day when you first looked at it, let's be honest, most financial advisors weren't discussing it at all.
that book, so we're talking about books maybe for the entire hour. Remember that book called Boom, Bust, and Echo? Very, very well. One of the best selling books ever in Canadian history. Right. So Boom, Bust and Echo was about generational changes, demographic changes. What was going to happen after this giant boom of baby boomers moved through the life cycle? Well, what they were going to do at the end of their lives was retire. So it is interesting to think about the extent to which retirement income planning is kind of the flavor of the day now. Right.
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Chapters
8 chapters
1
What is Alexandra Macqueen’s background and why did she specialize in retirement income planning?
0:05–1:47
2
How has increasing longevity changed Canadians’ perception of retirement risk?
1:47–4:09
3
What core assumptions underpin modern retirement plans and why are they harder to meet today?
4:09–6:54
4
When does professional financial advice add the most value for retirees?
6:54–10:32
5
What are the benefits of the FP Canada and QAFP designations for planners and clients?
10:32–15:40
6
Should I commute a defined‑benefit pension or keep it, and what factors should I consider?
15:40–21:00
7
Are annuities, reverse mortgages, or HELOCs the best tool for generating retirement cash flow?
21:00–28:14
8
How should I time my CPP and OAS benefits and plan for assisted‑living costs?
28:14–48:00
Speakers
1 identifiedMore from The Wealthy Barber Podcast
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