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Robb Engen

@boomerandecho.bsky.social

Advice-only financial planner. QAFPโ„ข professional. Personal finance blogger at www.boomerandecho.com. Financial planning for regular people. ๐ŸŒฑ based. Revenge traveller. Sad #Browns fan.

957 Followers  |  217 Following  |  322 Posts  |  Joined: 12.11.2024  |  1.6924

Latest posts by boomerandecho.bsky.social on Bluesky

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Letโ€™s Not Turn Our Kids Into Mini Warren Buffetts (Just Yet) Many parents want to get their kids investing early, but most strategies - like in-trust accounts or using your TFSA - come with pitfalls. Here's a smarter, simpler way to set your kids up for financi...

Many parents want to get their kids investing early, but most strategies - like in-trust accounts or using your own TFSA or non-reg account - come with pitfalls. Here's a smarter, simpler way to set your kids up for financial success.

boomerandecho.com/lets-not-tur...

26.07.2025 10:24 โ€” ๐Ÿ‘ 4    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
Why We Stopped Saving So Much and Started Living One lesson Iโ€™ve learned from my retired clients is that itโ€™s human nature to feel anxious about spending money - especially when the paycheque stops.

"No one wants to die with millions in the bank and regrets in their heart."

New | Why we stopped saving so much and started living: boomerandecho.com/why-we-stopp...

13.07.2025 20:21 โ€” ๐Ÿ‘ 6    ๐Ÿ” 1    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0
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Should You Take a Flyer on a Penny Stock? Every now and then, I get a note from a reader whose spouse or friend has gotten excited about a stock tip. Usually, it comes with a backstory: someone they know bought a few thousand shares of a penn...

Penny stocks are seductive. They're cheap, the story sounds compelling, and thereโ€™s always a friend-of-a-friend who allegedly turned $1,000 into a million. But the odds of that happening? Letโ€™s just say you might have better luck with a scratch ticket: boomerandecho.com/should-you-t...

10.07.2025 19:00 โ€” ๐Ÿ‘ 4    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0
Weekend Reading: Mid-Year Market Update Exactly three months ago my Weekend Reading update was all about staying the course amidst a big stock market sell-off. I got into it with a bearish reader in the comment section who labelled my advic...

New | Weekend Reading: Mid-Year Market Update - boomerandecho.com/weekend-read...

05.07.2025 22:52 โ€” ๐Ÿ‘ 4    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
Mental Accounting: When Your Money Mind Plays Tricks on You We like to think we make rational decisions with our money. But time and again, we fall into predictable trapsโ€”especially when it comes to how we frame our finances. One of the biggest culprits? Menta...

Here are some of the most common (and costly) examples of mental accounting Iโ€™ve seen in financial planning conversations โ€“ and a few from my own life too: boomerandecho.com/mental-accou...

27.06.2025 14:30 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0
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TFSA confusion: The myths that just wonโ€™t die - MoneySense The tax-free savings account is a great wealth-building tool, but itโ€™s sadly misunderstood. Here are seven TFSA features Canadians should know.

More TFSA stuff - My latest for @moneysense.bsky.social on TFSA myths that refuse to die: www.moneysense.ca/save/investi...

25.06.2025 17:33 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
Reckless vs. Reliable: Rethinking Risk in Your TFSA A client of mine recently opened up about feeling behind. Heโ€™s 32 years old, has yet to contribute to his TFSA, and only just started getting serious about his finances. The good news? Heโ€™s motivated....

Think taking big risks in your TFSA will help you catch up? Why chasing lottery-like returns can backfireโ€”and why a boring, diversified approach wins in the long run: boomerandecho.com/reckless-vs-...

25.06.2025 14:10 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

Interesting, and not all that surprising based on my use of AI so far. Youโ€™ve got to be really careful accepting the output as gospel

24.06.2025 19:53 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
Weekend Reading: The Problem With Retirement Spending Rules Edition Some of my clients are surprised to learn that I don't follow specific spending rules, like the popular 4% rule, when building out retirement income projections. My problem with spending rules stems f...

A spending rule attempts to solve for maximum spending (i.e. how much can I safely withdraw each year without running out of money in retirement).

But I would say almost none of my retired clients think that way: boomerandecho.com/weekend-read...

21.06.2025 21:31 โ€” ๐Ÿ‘ 5    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
Retiring with Debt? Itโ€™s Not Always a Mistake Weโ€™re often told to do everything we can to retire debt-free - that hanging onto a mortgage or car loan in retirement is a recipe for disaster. But like most blanket financial advice, context matters....

New | Why being pension-rich but savings-poor might warrant a different approach to debt in retirement: boomerandecho.com/retiring-wit...

04.06.2025 14:47 โ€” ๐Ÿ‘ 4    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
Will AI Replace Financial Planners? I like to think of myself as an emotionless robot when it comes to investing. Buy a single, low-cost, globally diversified, and risk-appropriate asset allocation ETF - contribute to it regularly, and ...

New | Will AI Replace Financial Planners?

boomerandecho.com/will-ai-repl...

02.06.2025 12:43 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0
Weekend Reading: Controversial Takes in Personal Finance Edition Some personal finance topics spark polite debate. Others? They ignite full-blown identity crises. In his latest video, Ben Felix dives into three of the most emotionally charged subjects in personal f...

New | Weekend Reading: Controversial Takes in Personal Finance Edition: boomerandecho.com/weekend-read...

31.05.2025 20:03 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
A Smarter Way to Spend Without Stress in Retirement A few years ago, I shared a simple yet powerful idea for managing your portfolio in retirement: hold a low-cost, globally diversified equity ETF for long-term growth, and pair it with a high-interest ...

New | The Two-Fund Retirement Solution gives you long-term growth, short-term stability, and (in theory) a higher chance of staying invested when it matters most: boomerandecho.com/a-smarter-wa...

28.05.2025 19:37 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
Weekend Reading: Your Health is Wealth Edition I went to bed after a perfectly normal Wednesday and woke up at 3am with my heart racing. I got up, went to the bathroom, and tried to get back to sleep - tossing and turning for a few hours before ge...

New | Hey Siri, play Kickstart My Heart:
boomerandecho.com/weekend-read...

24.05.2025 20:52 โ€” ๐Ÿ‘ 5    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

In years of working with hundreds of investors, Iโ€™ve discovered a dirty little secret:

60/40 investors are often just as panicky as 100% equity investors when markets fall.

24.05.2025 17:32 โ€” ๐Ÿ‘ 5    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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Wealthsimple finally has self-directed (family) RESPs. Currently in beta but can open the account on the desktop platform, add new contributions, and initiate external account transfers by contacting their support team.

22.05.2025 01:18 โ€” ๐Ÿ‘ 6    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
Spend the Money: Tackling the Emotional Side of Retirement Planning Iโ€™ve spent a lot of time helping people figure out if they can retire. But what surprises many is that the harder part often comes after that: convincing them itโ€™s okay to actually enjoy their money. ...

New | Spend the Money: Tackling the Emotional Side of Retirement Planning: boomerandecho.com/spend-the-mo...

19.05.2025 17:51 โ€” ๐Ÿ‘ 5    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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Two Couples, One KEY Difference - The Wealthy Barber Two Couples, One KEY Difference Please share this video. Some financial-planning help I gave young couples recently really left an impression on me. ๐Ÿ’ˆ๐Ÿ’ˆ๐Ÿ’ˆ I had an interesting experience two weeks ago, ...

Please share this video. Some financial-planning help I gave young couples recently really left an impression on me. Watch here: thewealthybarber.com/video/two-co...

12.05.2025 13:59 โ€” ๐Ÿ‘ 3    ๐Ÿ” 1    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

Of course!

09.05.2025 00:31 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

Theyโ€™re only on Twitter

08.05.2025 21:01 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
The Most Difficult Account For Investors To Manage I recently made a bold change to de-risk my portfolio, which now consists of just 35% globally equities and 65% short-term bonds. This wasn't in response to tariffs and global trade wars, or my gut fe...

New | The most difficult account for investors to manage: boomerandecho.com/the-most-dif...

08.05.2025 17:08 โ€” ๐Ÿ‘ 5    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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The dividend:

08.05.2025 12:45 โ€” ๐Ÿ‘ 4    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0
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Dividend investors: I donโ€™t care about the stock price falling. The dividend helps me stay the course:

08.05.2025 12:44 โ€” ๐Ÿ‘ 6    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

Yeah that was it

07.05.2025 21:22 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

Nice, thanks for this - Iโ€™ll check it out.

My hatred for shopify runs deep but was amplified more so during the whole capital gains thing last year and the election this year

07.05.2025 20:21 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

โ€œThe fear that Lรผtke and his peers may be embracing a milder shade of the American broligarchyโ€™s authoritarian streak feels like a surprising turn when you consider that Shopify grew into a global player in a pastel-hued era of millennial optimism.โ€

07.05.2025 00:04 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 2    ๐Ÿ“Œ 0
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The Death of Shopifyโ€™s Start-up Dream, One Layoff at a Time | The Walrus How the company chased scale, hit a wall, retrenched, and became the very thing it promised not to be

The Death of Shopifyโ€™s Start-up Dream, One Layoff at a Time: thewalrus.ca/the-death-of...

07.05.2025 00:03 โ€” ๐Ÿ‘ 6    ๐Ÿ” 1    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0
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Boarded! Only five hours late ๐Ÿ˜ฌ

19.04.2025 03:19 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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I wonder how much longer they can keep this up before cancelling our flight ๐Ÿค”

19.04.2025 02:09 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

Zoom is down - had to use Teams this afternoon. @jasonpereira.bsky.social is right, this is the worst platform imaginable

16.04.2025 21:10 โ€” ๐Ÿ‘ 4    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

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