3 Financial Mistake to AVOID

Retirement Income Planning, Calgary

1. Not starting early in life with a financial plan - It’s true: we will spend more time planning our summer vacation than we will planning our financial future. David Chilton’s book, "The Wealthy Barber” is a great book to get you started on the right path. Insurance, investments, wills, TFSA’s, RESP’s, RRSP’s are simply the vehicles we can use to get us where we want to be. 

2. Unplanned spending - Do you really know how much you spend each month? Or, Where you are spending it? If you’re not paying your credit card balance in full at the end of each month chances are you have unplanned spending and need a better budget. According to creditcards.com, 52% of Canadian households carry a credit card balance from month to month. Failure to plan is a plan - it's a plan to fail!
3. Misunderstanding and mismanaging risk - Imagine the financial consequences of your house burning flat to the ground and not having any insurance to replace it. Not only would you have to continue paying the mortgage, but you would also have to come up with the money to rebuild. You just don’t do this. There are risks associated with living and you need to understand and manage them well or live with the consequences.

At Langford Financial we help you get your financial house in order by creating a customized action plan so that they can have peace of mind while working towards a successful financial future. Contact us to find out how we can help you! 

 

Retirement Review! Planning to retire soon? We offer a review that will help you get organized and understand how government pensions work and calculate your retirement income and how long it will last.

Click here to Book Your Appointment

Retirement Income & Investment Planners,

Willis & Nancy

587-755-0159

 


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My wife and I realized a long time ago the value of a financial planner over just a bank representative. We just felt like a number to the banks as every year it seemed we saw a different adviser with a different view. But finding a trusted, knowledgeable and personable financial planner took a lot of time and effort. It just seemed, so many large corporate Financial Planners were more concerned about what they could make off of us rather than what they could make for us.
What we wanted, was not just reasonable returns now, but good personal advice in our preparation for retirement and what happens when retirement actually arrives. We wanted someone who would be walking with us, guiding us on our way to retirement.
From the first time, we found the web site for Langford Financial Inc, we could see the knowledge of Willis and Nancy and a real effort to educate and pass on their knowledge through seminars, workshops and their personal service. Once I reached out through their web site for more information, Willis was quick to respond, offering and giving whatever information I was looking for and never was there pressure to commit to anything.
The feeling of comfort and ease when talking with Willis was inviting enough for us to want to meet with Willis and Nancy, just to see firsthand if there was a connection and what working with them would look like.
And when we did meet for the first time, that feeling of comfort and ease was very evident. It was a unique experience for us to be able to sit down and get to know a financial planner (or a team of both Willis and Nancy) and not have any sales pressure on us. Just getting to know Willis and Nancy was important for us. We needed to be comfortable with them and see their competence in the business, and it was obvious that Willis and Nancy wanted to know us better so they could know how best to help us.
Once we decided to move our accounts over to Langford Financial, we found their process was comforting and refreshing as Willis and Nancy first worked at evaluating our complete situation. They dug down to get a complete picture of where we were at, where we wanted to be and how to get there. This took some reflection on our part but once we saw how they put it all together in our “Financial House In Order” binder, we were confident we made the right decision to go with Langford Financial.
Since the time we started working with Willis and Nancy I have attended many of their seminars and can say the information they have been teaching has been amazing. Always relevant, and consistent with their desire to help those coming up to retirement, and covering so many different situations as everyone has a different life situation. I know more than one of the tax-saving strategies they taught at their seminars will work for my wife and I, so we are very happy about that.
We would definitely recommend Langford Financial, not just for all your retirement planning needs, but they have great ideas on savings for your grandchildren too!
Paul and Elaine Radder

Paul & Elaine Radder
Long-term Clients

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