Retirement Planning Checklist

Retirement Income Planning, Calgary

Our job is to help you get and keep your total financial house in order so that you can confidently start living your ideal retirement lifestyle with total peace of mind. Here's a checklist of the items that we deal with in our planning process. Obviously, not every item applies to everyone. Go through the list and determine how many of these items you would like help with. If you checking a lot of the boxes then you would definitely benefit from our comprehensive planning process.

 

Retirement Planning

__ How much do I need to retire by a certain age?
__ How much do I need to save each month to achieve my goals?
__ How much can I afford to spend in retirement?
__ How can I maximize my government benefits like CPP and OAS?
__ What options should I choose for my defined benefit (DB) pension?
__ Should I take a lump-sum commuted value payout from my pension or a deferred monthly benefit?
__ Should I save using an RRSP or TFSA?
__ When should I start RRSP withdrawals or convert to a RRIF??
__ How do we split our income in retirement?
__ How do I create an income in retirement?

__ Should I get an annuity?

 

Investments

__ What types of investment accounts should I have?
__ How much should I contribute to different accounts?
__ Should I save in my name or my spouse’s name?
__ What types of accounts should I open for my kids?
__ Should my investment accounts be joint?
__ Should I pay down debt or invest?
__ What kind of investments can I have in a corporation?
__ Should I buy or sell a rental property?
__ What is my risk tolerance?
__ Is my asset allocation appropriate?
__ Has my investment performance beat the markets?
__ Are my investment fees reasonable?
__ Should I be a DIY investor?
__ Is my investment advisor a good one?

 

Tax Planning

__ How do I pay less tax today?
__ How do I pay less tax over my lifetime?
__ How do I split income with family members?
__ How do I pay less tax on my investments?
__ How do I fund my retirement in the most tax efficient manner?
__ How do I reduce capital gains tax on my cottage?
__ Should I take a severance or salary continuation?
__ Should I set up a corporation?
__ Should I pay myself a salary or withdraw dividends from my corporation?
__ Should I set up a holding company?
__ Should I establish a family trust?
__ Should I issue shares of my company to my children?
__ Should I wind up my corporation?
__ How do I plan for the sale of my business?

 

Insurance

__ Do I have enough life insurance?
__ Do I have the right kind of life insurance?
__ Do I need disability insurance?
__ Do I need critical illness insurance?
__ Should I buy health insurance?
__ Should I cancel my insurance policy?
__ What type of insurance do I need in retirement?
__ Should I buy insurance for my kids?

 

Estate Planning

__ Should I have a will?
__ What assets will pass through my will?

__ How can I reduce probate fees?
__ What beneficiaries should I name?
__ Should I own assets jointly?
__ Should I transfer assets to my children now or in the future?
__ How do I make a plan for the family cottage?
__ How do I make a plan for the family business?
__ Should I consider an estate freeze?
__ Should I add my name to a parent’s account?
__ How do I minimize probate fees?
__ Should I worry about U.S. estate tax?
__ What is a power attorney for property?
__ What is a power of attorney for personal care?
__ Should I establish a trust?
__ How do I maximize my charitable giving?

 

 

How can we help?

We are a husband and wife team and we work exclusively with financially successful individuals over age 55 who want to get their total financial house in order, get you on the same page, and start living the life they have always dreamed about. We want to help you - to get on with it.

Our job is to help you get and keep your total financial house in order so that you can confidently start living your ideal retirement lifestyle with total peace of mind.

Click Here to learn more about our process for creating your financial roadmap for retirement, getting your total financial house in order, and living a life that inspires you. If you would like to get started book an appointment now.

 

 

Schedule An Appointment

 

 

Retirement Income Planning Exclusively for Those 55+

Willis J Langford BA, MA, CFP

Nancy Langford CRS 


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Latest Testimonial

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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