Who's Going To Look After You When You When You Get Old?

Retirement Income Planning, Calgary

The loneliness is killing me. All I do is sit and cry all day long. The words of a 86 year old widow.

According to a 2016 stat, there were 2 women for every 1 man in the over 85 categories. Visit a long-term care facility and see the disproportionate number of women. 

Did you ever think that one day you would be alone? Women live longer than men and at some point, you will be a widow. Who will look after you? Your kids may live in another province or even in another country. You can only depend on the generosity of friends and relatives for so long. What then?

4 Areas of concern:

1. What will happen if you lose your mental capacity?

2. What are your best options for housing that provide comfort, safety, and care?

3. Do you have all of your financial and legal documents in order? Where are they?

4. Have you communicated to your family what they need to know to be supportive in meeting your wishes?


__who will manage paying for your bills?

__what it might be like to leave your home?

__who will look after your pet?

__how to make your home safe and comfortable?

__have you looked at waiting lists for care or accommodations you'd prefer?

__what are the transportation options if you give up driving?

__have you looked into activities and events that you want to participate in, like day programs, museums, book clubs, bridge clubs, church, or other social events?

__how you want an inheritance you leave to your family to be used?

As you age, your health status or that of your spouse can change quickly. So fast, that you do not have time to make life-altering choices about where you'll live, who's going to help you and take you to appointments. This is why it is so important to talk about these events and plan in advance.

Choose a capable, competent, reliable, and trusted advisor that specializes in working with older clients.

If you don't currently have one, then I would recommend our Planning Service and see if we are a good fit for you. Our mission is to help our clients get and keep their financial house in order so that they can retire confidently with purpose and peace of mind; always ensuring you do not overspend and become a burden on others or underspend and become the wealthiest person in the graveyard. We organize all of your financial, legal, and relevant documents into a binder and keep them up to date as you age. 

Mistakes to Avoid:

  • The death of your husband will mean a dramatic decrease in your monthly cash flow.  CPP has a maximum of 60% survivor benefit. OAS has no survivor benefit. The minimum survivor benefit from work pensions is 60%, but in some cases, it may be zero.
  • Being forced to downsize because not enough money to maintain your home and pay all of the bills.
  • Remarrying because you can't afford to live alone. He becomes a meal ticket - not the love of your life. 

This means:

  • managing your portfolio with the proper risk-adjusted investments,
  • navigating government benefits, and ensuring you receive the benefits for which you are entitled,
  • keeping all of your tax filings current,
  • planning for health and long-term care needs,
  • ensuring your family dynamics are not negatively impacted by poor choices, and
  • keeping legal matters up to date, like your will and powers of attorney.

Click Here to learn more about our process for creating your financial roadmap for retirement, getting your total financial house in order, and living your ideal lifestyle.

Retirement Income, Investment & Tax Planning for clients 55+

Willis J Langford BA, MA, CFP

Nancy R Langford CRS


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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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