Fee-Only Retirement Income Planning

Fee-only Retirement Income Planning, Calgary

***We are open for business as usual and doing our meetings 

online via Facetime/Zoom for the month of July***

 

Our mission is to help our clients get their total financial house in order and retire    more confidently with purpose & peace of mind

 

You need a customized plan based on your values, goals and assets. We predominately work with individuals and couples who are 55+ and are transitioning to retirement within the next few years. 
 
Your plan will show you: 
  • How to structure taking income from your various sources in the most logical and tax-efficient manner. 
  • How to determine a sustainable amount of income to take each year to ensure your money lasts.
  • How to allocate your investible assets to generate the income you need.
  • How to protect and preserve your assets for the next generation.
  • How to ensure you are not a burden to other people.
  • How to live your life with dignity.

 

Fee-Only Retirement Income Plan

If you are nearly or newly retired there are numerous decisions that you have to make.  Having a comprehensive plan helps you make wise decisions by answering questions such as: 

  • Which account should I start drawing income from first?
  • When should I convert my RRSP to a RRIF?
  • Should I keep or sell my rental properties? If so, when and in what order?
  • Income splitting strategies, Stock options, RSUs, Retirement Allowances, CCPC retained earnings, corporate dividends and more.
  • How much money can I spend? 
  • When is the best time to take CPP & OAS?
  • How much money can I expect to receive in retirement?
  • What are the ways I can reduce my taxes?
  • How can I be sure I won’t run out of money?
  • Do I need insurance? If so, what kind and how much?
  • What other government benefits may I be able to qualify for?

 

Examples of How Our Comprehensive Planning Identifies Opportunities to Create More Income:

  • A wealthy widow was able to add over $45,000 to her lifetime income by simply deferring her OAS to age 70 and using our RRSP meltdown strategy first.
  • A 71 year old client just got a cheque for over $16,000 in retroactive GIS payments. Another client, in her late 60's, got over $7000 back. Both will continue to get GIS payments every month going forward.
  • We increased a client's CPP by over $100/month because we identified a key factor in her application process that she had missed. Over the next 20 years that is an extra $29,794 of income to her. 
  • We helped another couple make a slight change on how they manage their investment accounts which will save them over $5000/year in management fees.
  • One gentleman had been losing all of his OAS pension due to the clawback and we were able to restructure his income and restore all of his OAS. That will be $7,362 this year of indexed income now and every year going forward.
  • Another client was able to simply move some money from her TFSA to her RRSP and get all of the income tax back that she paid in 2019 (over $7000). 

There are so many planning techniques that the average Canadian will miss, mainly because they do not know they exist. Because we specialize in working with clients over age 55, we have been able to zone in on many unique planning opportunities, in fact, there are over 20 that we look to implement when creating your plan. 

Invest in your retirement peace of mind. You will be glad you did! The majority of the plans that we do range in cost between $1000-2500. Some are more, depending on complexity, the number of moving parts, and the hours needed to create your plan. 

By the end of our first meeting, we will have enough information to run specific retirement projections for you based on your situation and we will give you an exact price for your retirement income plan. 

Click Here to get started. 

OR

Click here to see how our process works.

 

Fee-Only Retirement Income & Investment Planners

Willis J Langford BA, MA, CFP

Certified Financial Planner® 

Nancy Langford CRS

The reason we got into this business was to help people retire with more money, clarity and confidence. We strongly believe that the reason people make so many mistakes with their money is that they are ill-informed from financial salespeople who are mainly interested in making a fast commission and do not take the time to understand a client's entire financial situation. The loser is the consumer and we want to help as many Canadians as possible retire with confidence and we are committed to a planning first philosophy and to providing expert and objective advice to everyone - regardless of their level of wealth. Our fees are reasonable and you will never be pressured to buy anything.

 

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