Retirement Planning Blog Articles

  • Home
  • Retirement Planning Blog Articles
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. . .

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? Well, it should be different, very different. Growing wealth is quite different than preserving. . .

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%. . .

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

Creating Retirement 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. . .

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. . .

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
  • Mar 13, 2018
  • Willis Langford

Why You Should Be More Concerned With TAXES then FEES

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. . .

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. . .

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
  • 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. . .

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. . .

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
  • 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. . .

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. . .

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. . .

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. . .

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 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. . .

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. . .

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. . .

Latest Testimonial

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.

Marcel & Lori Durand
Recent Fee-Only Client

Contact Us

Questions? Comments? Call us today at 587-755-0159 or fill out the form below:

Have Questions? Call Us Today At

Call Us

Join Our Newsletter