Retirement Income Strategies Blog Articles

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

Looking to Retire Soon? Consider This 3 Step Process

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 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. . .

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. . .

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
  • Mar 28, 2017
  • Willis Langford

3 Ways 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. . .

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 Guaranteed Income Strategies to 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. . .

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 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. . .

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. . .

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
  • 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. . .

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We contacted Willis and Nancy for advice about our retirement planning. We were looking for answers to specific questions regarding when was the best time to take our CPP and OAS and in what order to draw down assets. Willis was able to answer these questions and provide us with an overall strategy for managing our retirement income. He was knowledgeable and we felt like his advice was specific to our needs, it wasn’t a cookie-cutter, one size fits all approach. We especially appreciated that this was a fee for service and there was no pressure to purchase a product. The fee was clearly explained upfront and there were no surprises. We felt that we received good value for money and feel more confident about our plans for our financial future.

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Recent Fee-Only Client

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