Blog Articles

Fee-only Retirement Income Planning, Calgary
  • Oct 08, 2020
  • Willis Langford

Revealing the Banker's Secret

How we bought our 1989 Pontiac 6000 It was 1993 and Nancy and I needed to get a new car. We didn't have any money and couldn't get a loan at the bank. Nancy's dad remembered that we could borrow some money from his life insurance. . .

Fee-only Retirement Income Planning, Calgary
  • Oct 03, 2020
  • Willis Langford

Should you be Buying Gold and Silver?

During the last financial crisis, I wanted to buy some Silver, as the prices were starting to soar. I asked Nancy to go to the Scotiabank that used to be located on 8th Avenue in downtown near where she worked. She came home, on the bus, with a. . .

  • Sep 12, 2020
  • Willis Langford

Milestone 50/50

Update #3 on Milestone 50/50 - Sept. 20th   We are currently 38% towards reaching our goal of $5000. Woot! Woot!   In 2019 95% of the loan recipients were women. Often in most third world countries, it is the women who stay home to. . .

Retirement Income Planning, Calgary
  • Sep 05, 2020
  • Willis Langford

The Do's and Don't of Owning Rental Properties in Retirement

We love rental properties as much as anyone and believe that they can be a great source of income, especially for your retirement years, however, caution needs to be taken so that you don't end up losing other income benefits or pay unnecessary. . .

Retirement Income Planning, Calgary
  • Sep 04, 2020
  • Willis Langford

Why do Men Seem To Struggle With Retirement More Than Women? Part 1

Why do men seem to struggle more with retirement than women? I know this is a generalization, but I do think it is a serious and prevalent concern. Based on our experience in talking with men and based on our reading and research there are. . .

Retirement Income Planning, Calgary
  • Sep 03, 2020
  • Willis Langford

Why do Men Seem To Struggle With Retirement More Than Women? Part 2

How can men have a more successful retirement transition? This is Part 1 of a 2-part series. You can read part 1 here. We established in part 1 of this series that men struggle with retirement more than women and that it is a serious and. . .

Retirement Income Planning, Calgary
  • May 27, 2020
  • Willis Langford

Retirement and Annuities - How much Guaranteed Income Should You Have?

Unfortunately, Canadians needlessly 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. . . .

Fee-only Retirement Income Planning, Calgary
  • May 01, 2020
  • Willis Langford

Is This A Good Time To Be Investing?

One of my favourite lines that I heard over the past few weeks is, "I have never met a rich pessimist". In order to make money there has to be a foundational belief that things will improve.   Napoleon Hill's famous book, "Think and Grow. . .

Fee-only Retirement Income & Wealth Planning, Calgary
  • Apr 13, 2020
  • Willis Langford

Retirement Investing Basics 101

In the Spring of 2000 we received a letter from Sun Life Financial informing us that due to the demutualizing of the company we were entitled to 102 shares of the company. We did not understand it at the time so we tucked it away for a little while. . .

Retirement Income Planners, Calgary
  • Apr 05, 2020
  • Willis Langford

Staying Upbeat in A Downbeat World

News from the storm cellar. . . The easiest thing to do right now is to succumb to the fear and panic that prevails in our world, but it will only lead to despair and hopelessness. We wanted to share some practical strategies for staying positive. . .

Fee-Only Retirement Income Planning, Calgary
  • Apr 04, 2020
  • Willis Langford

Guide to Investing, Fees and Determining Value

If all investments were the same then fees would be important. But, not all investments are the same. If you are looking to buy gasoline for your car you would naturally buy your gas from the station offering it at the lowest price, because you. . .

Advanced Retirement Income Strategies for the Wealthy, Calgary
  • Mar 11, 2020
  • Willis Langford

Advanced Retirement Income Planning for Wealthy Couples

****Postponed until After Covid****   Our next seminar:    "Advanced Retirement Income Planning for Wealthy Couples"   The Winston Golf Club   Tuesday, April 21st at 6:30-8:00 pm    Suitable for couples over. . .

Retirement Income Planning, Calgary
  • Mar 09, 2020
  • Willis Langford

Cashable Annuities: The Perfect Fit for Market Turmoil

Cashable Annuities were built for times of uncertainty. It's currently April 2020 and we are in full crisis mode from a meltdown of the markets, the crash in oil prices and the Covid 19 outbreak. All of these events are bringing levels of. . .

  • Feb 03, 2020
  • Willis Langford

In The Media

Globe and Mail Articles   Decluttering a tangled mix of stocks, bonds, and mutual funds is a must before retirement    How much money should you have left when you die? Likely less than you think Collecting CPP while working goes. . .

Fee Only Retirement Income Planners, Calgary
  • Jan 15, 2020
  • Willis Langford

The 7 Deadly Sins of Retirement Income Planning

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Fee-only Retirement Income Planners, Calgary
  • Nov 13, 2019
  • Willis Langford

Unintended Consequences of Bad Advice

Age 65 is too old to be following bad advice. Based on the advice from their bank, they converted all of their respective RRSPs into RRIFs. They had large RRSPs and now that they were converted to RRIFs this meant that they were required to take. . .

Langford Financial Inc., Calgary
  • Nov 13, 2019
  • Willis Langford

Dear Dad, Thanks for the Sperm

This past week I returned to the scene. For the first time in over 25 years I walked through the doors of the Kentville hospital to visit my ailing father-in-law. My mind raced back to April 1993. April 6th to be exact, and it was the Kentville. . .

Fee-only Retirement Income Planner, Calgary
  • Nov 01, 2019
  • Willis Langford

Creating a Retirement Income Plan is Much Like Building a House

Where would you start if you wanted to build your dream home? Imagine heading over to Home Depot to pick out carpet and paint for your new home or to price out windows. The sales rep would need to see some plans before they could advise you on. . .

Retirement Income Planning, Calgary
  • Oct 10, 2019
  • Willis Langford

What Is Your Retirement Investment Strategy?

Do you know what your retirement investment strategy is? Do you even have one? Do you know that it should be different than your accumulation strategy? Growing wealth is quite different than preserving it and taking an income at the same time. A. . .

  • Aug 13, 2019
  • Willis Langford

Don't Be a Deadbeat Dead Person

Everyone leaves a legacy - some good and some bad. This is what I remember when my Grand Father died - he didn't have enough money in his possession to 'bury his ass' in the ground. My dad was so annoyed that his father didn't. . .

Stocks or Bonds?
  • Aug 13, 2019
  • Willis Langford

Is this the time to Be Moving from Stocks to Bonds?

Although stocks and bonds are both good investments there big differences between the two. The old school rule of thumb was to have a percentage of bonds in your portfolio that corresponds with your age. If you are age 60 then you would have 60%. . .

  • Aug 11, 2019
  • Willis Langford

The 4 Keys to Successful Investing

Everyone wants to make money from their investments, but few do because they are constantly running in and out of the markets, however, it's easy to do if you follow these 4 keys: 1. Understanding your behaviour. Most of what we do each day. . .

  • Jun 19, 2019
  • Willis Langford

5 Simple Estate Planning Ideas For Canadians

We all have heard a story of an estate gone terribly bad. Family members being left out. Wills being contested. Siblings being left out. Relatives coming out of the woodwork looking for a piece of the action. The fact is, no one gets out alive,. . .

Calgary Financial Advisor
  • Apr 20, 2019
  • Willis Langford

3 Reasons Why You Need A Will and The Most Affordable Place to get one

We are not Lawyers, but we firmly believe that a Will is the foundation to a solid Financial Plan. We have been searching for sometime for a Lawyer that is willing to offer their service to the general public at a very reasonable cost. We have. . .

  • 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 Projections, Calgary
  • Feb 19, 2019
  • Willis Langford

Creating Retirement Income Projections

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 Priorities for a Successful Retirement Transition

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
  • 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

The 10 Biggest Mistakes To Avoid With Your 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 late. . .

Fee Only 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

The fact is most retirees want help with organizing their affairs as they approach retirement and help with understanding government benefits and when they should start taking them, help with deciding where and when to take income and how to do so. . .

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. . .

Retirement Income & Investment Planning, Calgary
  • Apr 12, 2018
  • Willis Langford

How To Rob A Bank

Seven years ago (2012) we were celebrating being "debt-free" and contemplating what our next financial move would be. We had a significant amount of equity built up in our house and were looking for opportunities to grow our wealth. We had already. . .

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 Are You So Concerned With Fees But Not With TAXES?

Every dollar you save in taxes is 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. . .

Fee-only Retirement Income Planners, Calgary
  • Feb 24, 2018
  • Willis Langford

You Will Not Retire 30% Richer With Questrade

As a Certified Financial Planner, I am shocked at how much of a doormat the financial services industry is in Canada. We've learned nothing from watching the slow-moving trainwreck within the Oil and Gas industry which waited too long and did. . .

Fee-only Retirement Income Planning, Calgary
  • Jan 13, 2018
  • Willis Langford

The 3 Keys to a Better 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 the Incorporated Business Owner?

Are CPP Contributions Worth It for the Incorporated Business Owner? A Case Study in the Cost/Benefits Analysis of business owners making CPP Contributions Current Situation The CPP program is a pension plan that was created in 1966 as a. . .

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

You Cannot Buy 'More Time' In Retirement

I often think about this story from 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. The largest asset that you have in retirement is your home and for most people, it represents a large chunk of equity that you cannot access. It's like you have this piggy bank, but. . .

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

Creating a Retirement Investment Portfolio During Market Turmoil

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 and the Stock Market Crashes. It will probably be one of the. . .

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

Fear of 'Running Out of Money' can be eliminated with Annuities

By far the biggest concern for Canadian retirees is running out of money. There is a way that you can eliminate this fear by using some of your savings to buy an annuity and have income for as long as you live. Retirement is a long time and. . .

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

5 Guaranteed Income Strategies to Avoid Outliving Your Money

5 Guaranteed Sources of Retirement Income  What I learned from Brian Costello at a seminar about 20 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 Options For Converting Your RRSP into Retirement Income

Remember that awesome tax refund you received because of your RRSP contribution? Well, eventually CRA wants some of 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. . .

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 You Won’t Get as Much From CPP as You Expect

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 is. . .

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

What Happens To Your CPP & OAS if You Retire Outside 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 outside of Canada? It depends on how long you lived and worked in Canada. Let's. . .

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

When Does it Makes Sense To Delay Collecting CPP?

In many 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

Why Annuities Are Better Than GICs

One of the challenges for creating retirement income is that 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 may want to. . .

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. . . .

Fee-only Retirement Income Planning, Calgary
  • Sep 19, 2016
  • Willis Langford

6 Retirement Risks and How to Mitigate 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. . .

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 A Good Credit Rating

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 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 Ideas 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. . .

Fee-only retirement income planners, 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. . .

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

How to Choose the Right Financial Advisor if You are over 55

Have you ever wondered how financial advisors get paid?   Typically in Canada, Advisors get paid from trailers paid by fund companies or from the "Fee for Service" advice they provide.   For example, if you have $500,000 invested with your. . .

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 Mistakes 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 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 more than $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. . .

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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