Blog Articles

  • Apr 13, 2019
  • Willis Langford

Our Trip to Panama

Panama is hot! We spent 19 days traveling around the country in March of this year and noticed that Panama is a country of contrasts. Rich and poor. Modern and traditional. New and old. Clean and dirty.   For several years we have been reading. . .

Retirement Income & Investment Advisors, Calgary
  • Feb 19, 2019
  • Willis Langford

Plan Well - Retire Well

Before heading out on vacation you'll take the time to plan where you are going, how you will get there, where you'll be staying and the activities you want to participate in. You may plan a wedding, plan for a new baby, plan out your. . .

Retirement Planning, Calgary
  • Jan 18, 2019
  • Willis Langford

5 Ways To Prioritize Your Retirement Planning

Perhaps you know the illustration of the physics teacher who gave his students a wide-mouth mason jar. He then gave them five big rocks, a handful of marbles, a container of sand and a glass of water. He said, “You’ve got fifteen seconds to put. . .

Advantages of Charitable Giving
  • Dec 10, 2018
  • Willis Langford

Advantages of Charitable Giving

Well, It's beginning to look a lot like Christmas. . . . and Christmas is the season of giving! I want to provide you with some valuable information on the advantages of charitable giving. The first advantage is that it is good for your health. . . .

Retirement Income Planning, Calgary
  • Oct 23, 2018
  • Willis Langford

Seminar For Retirees With Less Than $1 Million in Savings

    Our next seminar:  Retirement Income Strategies for People With Less Than $1 Million       The best way to deal with the FEAR of running out of money is by using Annuities and other investments with Guaranteed. . .

Retirement Income & Investment Advisors, Calgary
  • Sep 11, 2018
  • Willis Langford

Eliminate The Fear of Running Out of Money With This Simple Strategy

Unfortunately, Canadians make a lot of mistakes with their retirement planning. With so many conflicting messages from various financial institutions all shouting for your attention, it's no wonder there's so much confusion. We are. . .

Retirement Income Planning, Calgary
  • Aug 15, 2018
  • Willis Langford

Should I Commute My Company Pension When I Retire?

If you are one of the lucky Canadians that have a defined benefit pension plan from your employer and you have had the good sense to stay with one employer for a long time then you have some options to consider when it comes time to retire or if you. . .

  • Aug 12, 2018
  • Willis Langford

Should Boomers Have Life Insurance?

Talking about life insurance is as exciting as a trip to the Dentist. At least at the Dentist, you get to go home with a new toothbrush.   Insurance isn't that important until you need it. If you don't have it when you need it, it is too. . .

Retirement Income Planning, Calgary
  • Aug 10, 2018
  • Willis Langford

All The Money In The World

Last year Nancy and I went to see the movie, "All The Money In The World". It's the true story depiction of the Getty Oil empire. I'll try not to ruin the movie for you in case you have yet to see it. But, I'm sure you know where this is. . .

Retirement Income Planning, Calgary
  • Aug 02, 2018
  • Willis Langford

Creating An Effective Retirement Income & Investment Plan

What they wanted was advice on organizing their sources of retirement income - what they got was an investment plan! The fact is most retirees want help with organizing their affairs as they approach retirement and help with understanding. . .

Retirement Income Planning, Calgary
  • Jul 24, 2018
  • Willis Langford

Is Renting a Waste of Money?

 

Retirement Income Planning, Calgary
  • Jul 08, 2018
  • Willis Langford

Estate Planning Checklist

Estate Planning Checklist Taking Inventory Define your goals and objectives How important is it for you to leave an inheritance To whom will you leave an inheritance How much will you leave each person Evaluate your. . .

Calgary Cash Flow Experts
  • Apr 12, 2018
  • Willis Langford

Using The Bank's Money to Build Your Wealth

About 6 years ago we were celebrating our "debt free" day and contemplating what our next financial move would be. We had a significant amount of equity built up in our house. We had already set up a "HELOC" (Home Equity Line of Credit) on our home. . .

Retirement Income Planning, Calgary
  • Apr 10, 2018
  • Willis Langford

How and When to Take Advantage of Market Turmoil

In 2018, the stock market had been on a wild ride. We seen some significant pullbacks and seen some days where the markets have swung from the positive to the negative within hours. The question always becomes, "do you run for safety or do you. . .

Retirement Income Planning, Calgary
  • Mar 13, 2018
  • Willis Langford

Why You Should Be More Concerned With TAXES then FEES

Every dollar you save in taxes in not only an extra dollar that you have available to enjoy your lifestyle, but it is also a dollar you do not have to take from your retirement savings and it can be another dollar you can use to grow your. . .

Worry-free retirement, calgary
  • Jan 13, 2018
  • Willis Langford

The 3 Keys to a Happy Retirement

He told me the highlight of his day was "Happy hour"! We met at a dental office in Mazatlan, Mexico. He was waiting for his wife and Nancy and I was there to use a coupon we found on the beach for a 180 peso tooth cleaning. ($18 CAD). As we. . .

Retirement Income Planning, Calgary
  • Jan 12, 2018
  • Willis Langford

The Key Differences Between Mutual Funds and Segregated Funds

A mutual fund is simply a basket of individual stocks managed by either a manager or a team of managers. The team will select various investments to hold inside of the fund in order to create a return for their investors. Typically the mutual fund. . .

  • Dec 20, 2017
  • Willis Langford

Mazatlan, Mexico

Christmas 2017 was the first time that Nancy and I were somewhere other than Canada. We enjoyed a different Christmas at the ocean city of Mazatlan on the west coast of Mexico. The days were filled with sun and temperatures in the mid to high. . .

Inheritance Planning, Calgary
  • Dec 07, 2017
  • Willis Langford

How can you ruin a good inheritance?

The oldest book in the world has a proverb that says, “A good person leaves an inheritance for their children’s children”.   A few years ago my parents called one day to inform me that they had sold their home and was giving all 9 children. . .

Spousal RRSP's, Calgary
  • Dec 04, 2017
  • Willis Langford

Understanding the Benefits of Spousal RRSPs

One of the challenges that retirees face is equalizing their retirement income as a way to share and reduce the income tax bill. One individual earning $80,000 a year will pay $18,260 in taxes, while 2 individuals earning $40,000 each will pay only. . .

Retirement Income Planning, Calgary
  • Sep 03, 2017
  • Willis Langford

Over 65 and Still Working? Are You Needlessly Paying CPP Contributions

What will happen if you have made the maximum CPP contributions are still working and decide to delay taking your CPP past age 65? Your CPP benefit is based on how much you contributed to the plan for the 47 years between the ages of 18 - 65. . . .

Investments and Insurance Planning, Calgary
  • Aug 07, 2017
  • Willis Langford

Monthly contributions vs. Lump sum deposits

    Retirement Income & Investment Advisors, Willis &. . .

Retirement Income Planning, Calgary
  • Jul 14, 2017
  • Willis Langford

6 Steps You Must Take NOW if you want to Retire Soon

The reality is most people will spend more time planning a 2-week vacation than they will be planning out the rest of their lives. According to a 2012 LIMRA study, nearly half of retirees said they did not get to choose when they retired rather they. . .

Investment, Insurance & Planning, Calgary
  • Jul 13, 2017
  • Willis Langford

The Number 1 Strategy for Taking Control of Your Financial Future

I vividly remember our lunch date that day. We had just come from an appointment at our bank finalizing some re-financing on our home and afterward, Nancy and I decided to grab a bite to eat at Chianti's, one of our favorite restaurants. During. . .

Investments Insurance Planning, Calgary
  • Jul 12, 2017
  • Willis Langford

6 Simple strategies for reducing taxes before and during retirement

There's one often overlooked way to grow your wealth and create more guaranteed returns. Reducing taxes. Way too many Canadians needlessly pay too much in income taxes. Mostly due to a lack of understanding of how our system works and a lack of. . .

Calgary Retirement Income Planning
  • Jun 23, 2017
  • Willis Langford

Are CPP Contributions Worth it for a Business Owner?

Are CPP Contributions Worth it for the Incorporated Business Owner? A Case Study in the Cost/Benefits Analysis of paying CPP Contributions Current Situation The CPP program is a pension plan that was created in 1966 as a co-contributory. . .

Investments and Insurance Planning, Calgary
  • Jun 17, 2017
  • Willis Langford

Financial Priorities For Your 30's and 40's

The financial habits you create early in life tend to follow you for the rest of your life. That's why it's important to establish priorities early in life and form good money habits that will serve you well in the later years of living when. . .

Calgary Retirement Income Planning
  • Jun 10, 2017
  • Willis Langford

Should You Sell Your Rental Properties Before Starting OAS?

Owning real estate has always been a great way to build wealth and create additional sources of income. There are 3 ways that you build wealth with a rental property. The first is in pure cash flow that is generated month to month. Secondly, is the. . .

Calgary Retirement Income Planning
  • May 15, 2017
  • Willis Langford

The 1 Thing You Cannot Buy In Retirement

I often think about this story of Daryl Diamond. Imagine you are going on a 2 week all inclusive vacation. But, this time, you are going to do it all differently. You are actually going to splurge and do all the extra little things. Rent the. . .

Retirement Income Planning, Calgary
  • May 03, 2017
  • Willis Langford

Do This and You Will Always Be Broke

Deep down inside we all want to do well financially and achieve financial independence. The very fact that you are reading this blog is because something inside of you resonates with the title. You don't want to be broke. Being broke is not. . .

Reverse Mortgages, Calgary
  • Apr 27, 2017
  • Willis Langford

What is a Reverse Mortgage? And, are They a Good Idea?

Tired of being house-rich but cash-poor? You have options. Reverse mortgages have been around for 25 years in Canada. Still, many Canadians do not fully understand them. Are they a good idea? Is it 2 steps backward to go 1 step forward? How Do. . .

Calgary Retirement Income Planning
  • Apr 20, 2017
  • Willis Langford

Our Trip to Colombia

WOW. This is not the country we were exposed to in the 80's and 90's through movies and TV shows. What stood out the most to us is how modern and advanced the country is. Nancy and I had the privilege of spending 12 days in Colombia from. . .

Calgary Retirement Income Planning
  • Mar 28, 2017
  • Willis Langford

How To Prevent Running Out of Money in Retirement

Imagine with me for a moment. You are finally ready to let go of the job that has sustained you for many years and enter the wonderful world of your ideal retirement lifestyle. It will probably be one of the most exhilarating and scary days of. . .

Calgary Retirement Planning
  • Mar 08, 2017
  • Willis Langford

Are You Being Held Hostage by Bad Advice?

On August 23rd, 1973 two machine-gun carrying criminals entered a bank in Stockholm, Sweden. Blasting their guns, one prison escapee named Jan-Erik Olsson announced to the terrified bank employees “The party has just begun!” The two bank robbers. . .

Retirement Income Planning, Calgary
  • Feb 09, 2017
  • Willis Langford

Worries of 'Running Out of Money' Keeping You Up at Night?

By far the biggest concern for retirees is running out of money. But, it doesn't have to be. Retirement is a long time and requires a proper income plan and a proper investment plan. If you take your income too fast you increase the risk of. . .

Retirement Income Planning, Calgary
  • Feb 09, 2017
  • Willis Langford

5 Income Strategies to Help You Avoid Outliving Your Money

5 Guaranteed Sources of Retirement Income  What I learned from Brian Costello at a seminar about 15 years ago - the key to financial independence is multiple streams of income. There are several ways to generate income, but only a few of those. . .

Retirement Income Planning, Calgary
  • Feb 08, 2017
  • Willis Langford

3 Ways to Convert Your RRSP into Retirement Income

Remember that awesome tax refund you received because of your RRSP contribution? Well, eventually CRA wants that tax back. Before they force you to start taking some money out, what are your options? You actually have 3 options when it comes to. . .

Retirement Income Planning, Calgary
  • Jan 17, 2017
  • Willis Langford

CPP Benefits for Widows, Widowers & Children

You can't benefit from what you do not know. And, when it comes to your CPP benefits it is up to you to know what you can benefit from. They do not have a person in Ottawa reviewing the files of Canadians to see if they are entitled to more. . .

Retirement Income Planning, Calgary
  • Jan 11, 2017
  • Willis Langford

Over 65, Collecting CPP and Still Working? Why It Makes Sense To Keep Making Contributions

If you are between the age of 65 and 70 and still working you have an opportunity to continue to contribute to CPP and earn as much as 18% returns on those contributions as Post Retirement Benefits - guaranteed and indexed for the rest of your. . .

CPP Specialists, Calgary
  • Jan 06, 2017
  • Willis Langford

Why Your CPP Pension Cheque Will Be Smaller Than You Think

Why You Won’t Get as Much From CPP as You Expect Most retiring Canadians are surprised to find out that their CPP cheque is a lot smaller than they were expecting. Why is this so? Mainly, because they do not understand how it works. Why. . .

CPP & OAS Specialists
  • Jan 05, 2017
  • Willis Langford

When Is The Optimal Time To Take CPP?

If you are approaching 60 years of age, then you have a critical decision to make in the coming months. When is the optimal time to take CPP? Our government has decided for us that the Normal Retirement age should be 65, but does it work for you? . . .

Retirement Income Planning, Calgary
  • Dec 28, 2016
  • Willis Langford

How Safe Is Your Company Pension?

It may seem like ancient history now, but it wasn't too long ago that Nortel Networks was a household name in Canada. The company was worth over $300 Billion and employed nearly 95,000 people. It declared bankruptcy protection in 2009 and it. . .

Retirement Income Planning, Calgary
  • Dec 20, 2016
  • Willis Langford

Should You Take Your CPP Early? - Before You Do, Read This!

It's a question we get asked often: Should I take my CPP at age 60? The short answer is NO, the long answer is YES. Consider the following in making your decision. 1. ) If you are still working, will the additional income bump you into the. . .

Retirement Income Planning, Calgary
  • Dec 14, 2016
  • Willis Langford

Will You Still Get CPP & OAS if You Retire Away From Canada?

Many Canadians are choosing to live in another Country during retirement. So what happens to your government pensions if you decide to move to a warmer climate? It depends on how long you lived and worked in Canada. Let's first look at CPP. . .

Retirement Income Planning, Calgary
  • Nov 25, 2016
  • Willis Langford

When Does it Makes Sense To Delay Collecting CPP?

In most cases, it makes sense to take CPP at age 60. Remember, if you take your CPP at age 65 you get 100% of your entitlement. If you take it at age 60 your benefit is reduced by 36% (. 6% for each month) If you delay taking your CPP to age 70, you. . .

Final Expense Insurance, Calgary
  • Nov 23, 2016
  • Willis Langford

No Medical Life Insurance

No one wants to be a burden to someone else, especially their children. It happens everyday, a family is standing around at the funeral home trying to decide on a casket or a cremation. A simple burial, a reception, a minister. Flowers, burial plot. . .

Annuities, Calgary
  • Nov 16, 2016
  • Willis Langford

What is a prescribed annuity?

One of the challenges for creating retirement income is that interest rate yields have dropped so much over the past 30 years and now taxes are increasing - it's what we call adding 'insult to injury'.  If you are over the age of 60 this. . .

Retirement Income Planning, Calgary
  • Nov 10, 2016
  • Willis Langford

Where Does Most of Your Money Go? 3 Pocket Thieves...

The 3 Pocket Thieves Interest Costs: The average Alberta family will lose about $500,000 in interest costs during their 40-year working life. How did we come up with that number? If you purchase a home for the average $478,000 that will be. . .

Retirement Transition, Calgary
  • Nov 04, 2016
  • Willis Langford

Annuities or GICs: Which Are Better?

One of the challenges for creating retirement income is that interest rate yields have dropped so much and now taxes are increasing - it's what we call adding 'insult to injury'.  If you are over the age of 60 this is something that you. . .

RESP Information, Calgary
  • Nov 02, 2016
  • Willis Langford

RESP Guide to Get Gov. Grant Money for your Kid's & Grandkids!

One of the proudest moments occurred in 2016 as our son, Caleb, graduated from Mount Royal University with a 4-year degree in Business. This was a proud moment because if we had caved into the constant negativity that teachers had written in his. . .

Quality Retirement Transition, Calgary
  • Oct 20, 2016
  • Willis Langford

12 Keys To a Happy & Secure Retirement

12 KEYS TO A HAPPY, SECURE RETIREMENT • Start planning early. Time is your best friend. • Clearly define your retirement vision, values, priorities and trade-offs. • Get expert help with financial planning. Use conservative. . .

Retirement Income Planning, Calgary
  • Oct 18, 2016
  • Willis Langford

What Smart Investors do that Most People Miss

Today's wealthy investors are usually very involved in their financial matters. There is a tremendous amount of information available today on wealth management. Russ Alan Prince published, Wealth management, (Wealth Management Press 2003) and. . .

Quality Retirement Planning, Calgary
  • Oct 13, 2016
  • Willis Langford

4 Major Pitfalls to Avoid in Retirement

Problem: Miss one of the four key numbers in your calculation, and you could be headed for disaster.   Four Major Pitfalls of Investing in Retirement  Investing in retirement can be tricky, as it requires that you consider several factors. . .

  • Oct 13, 2016
  • Willis Langford

Collecting CPP But Still Working? Understand Your Post Retirement Benefits

Thanks to drpensions. ca for most of this information What are PRBs? The Post-Retirement Benefit (PRB) program allows Canadians who are over 60, receiving the CPP but still working and contributing to the CPP, to receive additional benefits. . .

Retirement Income Planning, Calgary
  • Sep 28, 2016
  • Willis Langford

What Happens To Your Pension In a Divorce?

Divorce has many financial consequencs, especially when it comes to your pensions. Here's a great article I found on Sunlife. ca  July 20, 2016 Who gets the pension in a divorce?   By Sheryl Smolkin Dividing up family. . .

Quality Retirement Planning, Calgary
  • Sep 21, 2016
  • Willis Langford

6 Critical Conversations You Should be Having Before You Retire

The surveys and statistics are overwhelming. Most Canadians are entering Retirement with no plan. Maybe that's not entirely true. Because no plan is a plan - it's a plan to fail! The fact of the matter is that most Canadians do not plan. . .

Quality Retirement Planning, Calgary
  • Sep 20, 2016
  • Willis Langford

The #1 Secret To a More Inspired, Enjoyable & Productive Life

No, it's not work harder.  I tried that and failed. A few years ago I worked for 70 straight days without a day off. 14-16 hours a day, straight through. I was a real joy to be around. Just ask my wife. I was irritable. I was short on patience. . . .

Quality Retirement Planning, Calgary
  • Sep 19, 2016
  • Willis Langford

6 Retirement Risks and How To Deal With Them

No one wants a nest with no eggs! Many Canadian's retirement dreams quickly turn into sleepless nights as they worry about outliving their money. If you are 65 years old you have a 50% chance of reaching your 90th birthday. In fact, StatsCan. . .

Calgary Financial Advisors
  • Sep 03, 2016
  • Willis Langford

The best time to plant a tree is 20 years ago. The 2nd best time is....

TODAY! The best time to start planning your financial future was 20 years ago. The next best time is TODAY.   In fact, regardless of what planning you have done so far, there's still more to do. You may not know how long you will be here,. . .

Financial Advisor, Calgary
  • Aug 22, 2016
  • Willis Langford

Avoid These 4 Barriers to Financial Success

Everywhere you go there are barriers. You can't get onto a golf course without the proper atire. Riding transit - you need a ticket. University? You need the right marks from High School. There are barriers to almost everything in life, most of. . .

retirement Income, Calgary
  • Aug 06, 2016
  • Willis Langford

Is It a Good Idea To Tap Into Your Home Equity Before You Retire?

You would be crazy not to! If you retire and plan to live in your primary family dwelling, and it's completely paid for, then you should definitely consider setting up a home equity line of credit on it before you retire.   One reason to do. . .

Investments and Insurance Planning, Calgary
  • Jun 28, 2016
  • Willis Langford

Freedom 55 and Other Lies

Turning 30 was the most difficult birthday for me. It's different for everyone, but for me 30 was old. I still didn't know what I wanted to do. I wasn't settled. We didn't have much in the way of assets, savings or investments. I. . .

Retirement Transition, Calgary
  • Jun 04, 2016
  • Willis Langford

What If You Were Forced To Retire?

Most of us, if we are honest, dream about the day we can retire and take it easy. Especially after a bad day at work. We fantasize about just walking away and not having to go back. But, what if you had to retire sooner than planned due to. . .

Quality Retirement Planning, Calgary
  • May 31, 2016
  • Willis Langford

5 Simple Tips To Maintaining Good Credit in Retirement

Canadians say their #1 Financial Priority is Reducing Debt. Did you know that one of the best ways to do that is by getting a better interest rate on your existing debt? This helps you pay more to principle and less to interest thereby helping you. . .

Quality Retirement Planning, Calgary
  • May 12, 2016
  • Willis Langford

How We Bought Our Vacation Property

We have a 2 bedroom, 1 bathroom condo in beautiful Scottsdale, AZ. It's located within walking distance of historic Old Town. It's in a lush and tropical gated community with 3 pools, 2 tennis courts, his and hers fully equipped gyms with. . .

  • May 12, 2016
  • Willis Langford

4 Cash Flow Basics You Should Be Reviewing Constantly

Your car needs to be maintained. So does your home.  Your Cash Flow Plan is no different and it requires ongoing maintenance. Here are 4 cash flow basics to review constantly: 1. ) Is my debt number decreasing each month? When we log into our bank. . .

Calgary's Cash Flow Experts
  • May 12, 2016
  • Willis Langford

Budgeting: Why It Sucks and An Alternative Idea

For most of us, Budgeting is right up there with Root Canals and Colonoscopies. Most of us would prefer the latter. Budgeting focuses on what you cannnot have rather than what you can have. It gives money all of the control over you rather than. . .

Calgary Cash Flow Specialists
  • May 12, 2016
  • Willis Langford

4 Must Have Pre-Retirement Funds

This morning I am sitting in my usual seat at McDonald's enjoying my coffee and bran muffin with butter. Enjoying the coffee and the butter. Nancy is sleeping peacefully at home - she prefers sleep to bran muffins. I have been thinking about the. . .

Calgary's Cash Flow Experts
  • May 12, 2016
  • Willis Langford

Travel Insurance

Travel Insurance (Call or email for a quote) Super Visa As of 2011, Citizen and Immigration Canada has developed a simple method for parents and grandparents to come visit their children living in Canada. The process involves applying for. . .

Calgary Financial Advisor
  • Apr 14, 2016
  • Willis Langford

What Is Your Next Financial Move?

What’s Your Next Financial Move?   Most of us are very “optimistic” when it comes to our financial future. We truly believe that we will be better off 3 months, 6 months, 1 year down the road than we are today. We definitely believe. . .

Calgary Financial Advisor
  • Mar 29, 2016
  • Willis Langford

What Financial Habits are You Teaching Your Children?

Whether you like it or not most of what you teach your children is caught more than taught. Your actions are what they   more than your words. Do you want your kids to have the same financial habits you currently have? Here's a few ideas on. . .

Retirement Readiness Assessment, Calgary
  • Mar 13, 2016
  • Willis Langford

How To Unlock Your Locked-In RRSP

Here are the 5 scenarios where you can withdraw money from a LIRA (Locked-In Retirement Acct). These are the rules for an Alberta LIRA: 1.  Access due to Considerably Shortened Life If you have a terminal illness or a disability that will. . .

Retirement Income Planning, Calgary
  • Mar 11, 2016
  • Willis Langford

7 Smart Strategies for Surviving an Economic Downturn

Tough times will not last forever - tough people will!   During the last downturn, which doesn't seem that long ago, there was a TV Ad by Toyota that said if, “If you can persevere when times are tough, you’ll be unstoppable when. . .

TFSA, Calgary
  • Feb 24, 2016
  • Willis Langford

4 Better Strategies For Your TFSA

The truth is, most Canadians still do not understand what a TFSA is, never mind, what to do with it. A Tax Free Savings Account (TFSA) is an account that you can set up through most financial institutions in Canada. The government allows you to. . .

Calgary Financial Advisor
  • Feb 18, 2016
  • Willis Langford

4 Simple Strategies For Making More Money

They say there is nothing new under the Sun. True, most people just do not know what's under the Sun. Just think of what you could do if you had more money. . . Finally, go on that family vacation. Go to more movies. Buy a new mattress. Here are 4. . .

Calgary Financial Advisor
  • Feb 16, 2016
  • Willis Langford

Have You Ever Committed Financial Infidelity?

What is Financial Infidelity? This is a common occurance when couples have shared finances and one spouse hides purchases from the other. It happens more frequently than you may realize.   Why does it happen? Usually because there is a. . .

Your Cash Flow Experts
  • Feb 13, 2016
  • Willis Langford

Is Your #1 Financial Frustration 1 of These?

Whether you like it or not, you need money to fund your lifestyle. If you don't earn enough money to fund your lifestyle then you either have to borrow money from somewhere or change your lifestyle to lower your expenses. If you don't want. . .

Retirement Income Planning, Calgary
  • Feb 05, 2016
  • Willis Langford

TFSA: Great Investment Tool or Waste of Time?

TFSA: Is it worth it for you? What is a TFSA, or a TSFA as my mother incorrectly calls it? It stands for Tax-Free Savings Account. If you are not careful this thing could end up costing you more than you'll ever gain. This savings vehicle was. . .

Retirement Transition, Calgary
  • Feb 03, 2016
  • Willis Langford

Should You Invest In Your RRSP or Your TFSA?

Should you be putting more money into your RRSP or should you contribute to your TFSA (which by-the-way has no deadline)?   Here's a couple of ideas to consider:   1. ) If you have made a significant amount of employment income in. . .

Retirement Readiness Assessment, Calgary
  • Jan 28, 2016
  • Willis Langford

Earn all you can, save all you can, but don't sit on the can

We were talking about this recently when Nancy and I were having our first meeting with a new client. In 1989 we were earning 7% interest on our savings accounts. Imagine how much money you would sock away right now if you could earn 7% with no. . .

Calgary Financial Advisor
  • Dec 17, 2015
  • Willis Langford

Why Are Canadians So Stressed Over Money?

87% of Canadians wish they had made better financial decisions earlier in life. According to a recent poll by the FPSC (Financial Planning Standards Council)  What kind of better decisions? 1. ) Start saving money earlier 2. ) Avoid. . .

My Worry-Free Ideal Retirement Plan
  • Dec 10, 2015
  • Willis Langford

How to Choose the Right Advisor for Your Retirement

I was talking with a client recently who, after investing for 10 years with one advisor, had not made a cent! In fact, he actually lost money by not keeping up with the rate of inflation. But, you can be sure he paid fees and his advisor made money. . .

Calgary Retirement Income Planning
  • Dec 10, 2015
  • Willis Langford

Achieving Financial Freedom Sooner

Most of us need to define what Financial Freedom means to us. Once it is defined it will probably need to be redefined again and again. Freedom doesn't have to be some far off, maybe, never-never land, or a constantly moving target that just. . .

Calgary Cash Flow Planning
  • Dec 04, 2015
  • Willis Langford

13 Money Leaks: Fix These Today and Have More Cash For Tomorrow

  Imagine flushing $5 bills down the toilet. You just would not do it. Yet, you do it everyday in other ways.   Just think of energy costs in your home without weather striping around the doors and windows. How old are your windows and. . .

  • Nov 29, 2015
  • Willis Langford

5 Obstacles That Prevent us from Improving our Financial Health

1. ) Overwhelmed - We can sink so deeply into a hole that we can no longer see the light of day. The burden of debt can be more than we can carry and we know that we nearing a breaking point, but don't know what to do about it. Have you ever had. . .

Retirement Income Planning, Calgary
  • Nov 25, 2015
  • Willis Langford

3 Financial Mistake to AVOID

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. . .

Travel Insurance, Calgary
  • Nov 24, 2015
  • Willis Langford

Heading South this Winter? - What you need to know about Travel Insurance before you go

Just search the web and you will find some horror stories about travel insurance. If your traveling outside of Canada in the next little while make sure you understand what you have for Travel Medical Insurance. Here's a couple of tips: 1. ). . .

Retirement Transition, Calgary
  • Nov 13, 2015
  • Willis Langford

4 Behaviours that will Ensure You'll Retire Poor

1. ) Placing a higher value on looking Wealthy than being Wealthy. If looking rich is more important to you than being rich then you’ll never be rich due to living above your means.     2. ) Convincing yourself that you will start saving. . .

Retirement Income Planning, Calgary
  • Oct 13, 2015
  • Willis Langford

Do You Have The Right Kind of Life Insurance?

We know the importance of life insurance. . . Over the past 3 years, we have delivered about $3 Million dollars worth of cheques to our clients. These cheques were the difference between which side of the poverty line some people would end up on. . . .

Calgary Financial Consulting
  • Sep 20, 2015
  • Willis Langford

4 Common Retirement Mistakes Young Couples Make

Many young couples are still clinging to their honeymoon days and not thinking too far into the future. Though many couples appear to have the same goals, sometimes this is not the case.  In the months following marriage, one of the first things a. . .

Latest Testimonial

Willis and Nancy are amazing. I am near retiring totally and they advised me what to do to help me be financially set. I was late in starting my financial plan but they helped me to see that I was going to be okay. 
They are so knowledgeable about what is going on in the world financially especially for retirement. They have the answers and are interested in you personally. 
Thank you.

Catherine Moon
Client

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