Blog Articles

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

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
  • Langford Financial

How and When to Take Advantage of Market Turmoil

So far in 2018, the stock market has been on a wild ride. We have 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 I run for safety or. . .

Retirement Income Planning, Calgary
  • Mar 28, 2018
  • Langford Financial

Getting Your Financial House In Order

I remember it like it was yesterday. The credit card offers would come in the mail. “1. 9% for 6 months on balance transfers”. Nancy and I would quickly apply and then move our balance from our current Visa with higher interest over to the new. . .

langfordfinancial.ca
  • Mar 28, 2018
  • Langford Financial

Free Workshops

Check back soon for our next workshop! Using The Bank's $ to Build Your Wealth: Like UBER is to the Taxi industry, Manulife Bank is to traditional financial services.   The Manulife One solution offers you the  Ultimate Debt. . .

Retirement Income Planning, Calgary
  • Mar 18, 2018
  • Langford Financial

The 5 Ways You Can Deal With Debt: Pros and Cons

The average Canadian family spends 170% of what they make and many owe more than 4 times their household annual income. Dealing with debt is a challenge. It is stressful, frightening, and causes shame.   Misconceptions about debt: 1. ) I. . .

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

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. . .

Important 2018 Financial Numbers
  • Jan 19, 2018
  • Langford Financial

Important Financial Numbers for 2018

Thursday March 1, 2018 is the deadline for RRSP deductions for the 2017 tax year. The limit for 2017 deductions was $26,010. The new limit for RRSPs for 2018 is 18% of the previous year’s earned income or $26,230 whichever is lower less the. . .

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

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
  • Langford Financial

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. . .

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

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
  • Langford Financial

What You Need To Know About 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. . .

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

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

What will happen if you have 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. The. . .

Retirement Income Planning, Calgary
  • Aug 27, 2017
  • Langford Financial

Top 5 Priorities BEFORE You Retire

Probably many of 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. . .

Retirement Income Planning, Calgary
  • Aug 20, 2017
  • Langford Financial

Accessing The Cash In Your Life Insurance Policy

The year was 1993 we were in desperate need of new car. We were turned down for financing at the bank. Probably had something to do with my $230/week salary. A friend of Nancy’s parents had this really nice 1989 Pontiac 6000 with low milage. An. . .

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

Monthly contributions vs. Lump sum deposits

  Benefits of year-round RRSP Contributions For many Canadians, an RRSP is a last-minute scramble. The result? Many people end up contributing only a. . .

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

6 Steps You Must Take NOW if you want to Retire Within 5 Years

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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 23, 2017
  • Langford Financial

5 Key Elements To a Mortgage Pre-Approval

The 5 key elements of a mortgage pre-approval!  Guest post by Paul Traptow, Mortgage Agent Are you being declined by your banks, confused about mortgage guidelines, or feeling overwhelmed by the process?   We often receive calls that. . .

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

The 1 Thing You Cannot Buy 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 splurg and do all the extra little things. Rent the. . .

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

Do This and You Will Always Be Broke

Deep down inside we all want to do well financially and acheive 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
  • Langford Financial

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
  • Langford Financial

Our Recent 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 priviledge of spending 12 days in Colombia from. . .

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

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
  • Langford Financial

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
  • Langford Financial

Don't Let 'Running Out of Money' Keep 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
  • Langford Financial

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
  • Langford Financial

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 you options? You actually have 3 options when it comes to. . .

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

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
  • Langford Financial

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
  • Langford Financial

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 is. . .

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

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

Does it Makes Sense To Delay Collecting CPP?

In most cases, we recommend taking 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
  • Langford Financial

No Medical Life Insurance

No one wants to be a burden to someone else, especailly 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. . .

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

Where Does Most of Your Money Go? These 3 Will Surprise You...

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
  • Langford Financial

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
  • Langford Financial

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. . .

Retirement Transition, Calgary
  • Nov 02, 2016
  • Langford Financial

For Business Owners: 50 Reasons Why People Buy

We buy for myriad of reasons. Here's a list of 50: We make decisions for these and many other reasons: To make more money – even though it can’t buy happiness To become more comfortable – even if it's just a bit more To attract. . .

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

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
  • Langford Financial

What Smart Investors do that Most People Miss

Todays 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. . .

Retirement Readiness Assessment, Calgary
  • Oct 17, 2016
  • Langford Financial

What's Your Retirement Income Strategy?

Many retired Canadians end up back in the workforce within months of retiring because they were unprepared for the financial and non-financial realities of retirement. Some are just plain bored, while others are afraid they will run out of. . .

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

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

6 Retirement Risks - Do You Know Them?

Retirement poses a lot of questions. . . . Will my money last my whole life? How do I generate enough income from my retirement nest egg? How can I pass on an inheritance to my children? No one wants a nest with no eggs! Many. . .

Calgary Financial Advisors
  • Sep 03, 2016
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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. . .

Debt
  • May 19, 2016
  • Langford Financial

Has your Bank Imprisoned You?

The average Canadian family: Spends about 170% of what they earn Works long hours Pays way too much in taxes May never be debt-free in their lifetime Spends more than $500,000 in iterests during their lifetime Statistics tell us that. . .

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

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 historical 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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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. . .

TFSA, Calgary
  • Feb 24, 2016
  • Langford Financial

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
  • Langford Financial

2 MORE Simple Strategies For Making More Money

Here's a couple more simple strategies to make more moola. . . Strategy# 3: Find a need and meet it.  If you want to be successful in life you have to find a problem and solve it, find a hurt and heal it, find a need and meet it. There's. . .

Calgary Financial Advisor
  • Feb 18, 2016
  • Langford Financial

2 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 2. . .

Calgary Financial Advisor
  • Feb 16, 2016
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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 we're 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. . .

Calgary Financial Advisor
  • Dec 17, 2015
  • Langford Financial

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
  • Langford Financial

How to Choose the Right Advisor

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
  • Langford Financial

Can You Achieve 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 re-defined again and again because it doesn't have to be some far off, maybe, someday place and space in time. It’s not some. . .

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

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
  • Langford Financial

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
  • Langford Financial

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
  • Langford Financial

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 Insurance. Here's a couple of tips: 1. ) Check. . .

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

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. . .

  • Oct 13, 2015
  • Langford Financial

Managing the 2 Emotions in Investing

Managing the 2 EMOTIONS of investing:   FEAR: There's no fear like the fear of the unknown. When we're fearful we may have a tendency to stick our heads in the sand and simply hope for the best. We also tend to avoid what we do not. . .

calgary Life Insurance Quotes
  • Oct 13, 2015
  • Langford Financial

4 Reasons Why We Should Insure our Children?

This is a difficult conversation, but it is something that should be discussed.   Here are 4 reasons why you should consider insuring your children & grand children:   1. Guarantee insurability for the future. Just in case down the. . .

Retirement Transition, Calgary
  • Oct 13, 2015
  • Langford Financial

3 Truths about Mortgage Insurance from the Bank

If I took the mortgage insurance through my bank am I paying too much? Chances are, Yes! Most likely, you are paying smoker rates. But that's not the biggest problem. . .   1. ) You don’t control the policy. When you purchase. . .

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

Do You Really Need A Life Insurance Policy?

Here are some tips to help you decide   You need life insurance if: 1. Someone you support will still need your income when you’re no longer alive to earn it. 2. You’re likely to die, leaving a large debt and you want it paid without. . .

Calgary Financial Consulting
  • Sep 20, 2015
  • Langford Financial

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. . .

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I attended a session hosted by Willis and Nancy last night. Cost me nothing but an hour of my time. Was well worth it. Willis is one smart guy, so if you are even considering an info session, go hear his message .... I'd be surprised if you don't come away with something you didn't know about retirement planning.

Glenn Saunders
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