Our Retirement Income Planning Process

Quality Retirement Planning, Calgary

Wouldn't it be nice to have a retirement income plan telling you where to take your income from and in what order so that you pay the least amount of tax?

Would you like to enjoy retirement knowing exactly how much you can spend while not having to worry that you may outlive your money?


To have this, you need to enlist the help of an advisor who "Thinks Outside the Portfolio"


We work with clients who are either in retirement or planning to retire soon. Perhaps you have done well growing your savings with the help of an advisor over the years, but you are not confident that he or she has the expertise or willingness to create a retirement income plan that answers these 6 questions:

1. How long will my money last?

2. How much can I spend so I don't run out of money?

3. When should I take government benefits? 

4. Which of my assets should I spend first?

5. Am I saving enough currently?

6. How much will be left for my children if I die?


You are not alone. 55% of pre-retirees will change advisors when they transition to retirement.


This is the stage of life when you need to consolidate your investments with one advisor that specializes in advanced retirement income planning strategies. You've worked hard all your life and saved as much as possible to get to this point so it is imperative that you seek out the right advisor to help you create your unique retirement income plan to avoid costly mistakes.

Most advisors only focus on portfolio management, however, this is only one piece of a comprehensive retirement income plan. Reducing taxes with the proper withdrawal strategies and strategic timing is by far the best way to ensure you keep more of your hard earned money out of CRA's hands and that you do not outlive your savings. 

It's your after-tax rate of return that matters most.

Some of Our Retirement Income Strategies:

  • The exact timing of starting government benefits like CPP & OAS
  • GIS strategy
  • Sharing of pension credits
  • Avoiding the OAS clawback and age-specific and means-tested benefits
  • RRSP meltdown strategy
  • Spousal RRSPs and other income splitting strategies
  • Age 65 tax credits
  • The use of non-registered assets
  • How to get $2000 of tax-free income from your RRSP each year from age 65-71
  • The effective use of cashable annuities to preserve income for your entire life
  • Dividend strategy
  • Taking advantage of lower tax brackets
  • Spousal tax rollover opportunities
  • Insure against the erosion of investment capital because of health care needs later in life
  • Passing on your estate in the most tax-efficient manner

We are a family owned and operated independent Alberta business. We work primarily with retired and soon to be retired couples or individuals. 


Step 1

Introductory Call: Book an introductory call to see if we may be a good fit to work together. If we determine that we are then we will book a complimentary first meeting to get to know each other better and give an overview of how we can help.


Step 2 

Initial Meeting Agenda:

  • Financial and lifestyle goals 
  • Net worth and income needs
  • Risk assessment 
  • Investment philosophy and risk profile
  • An overview of how we can help
  • Letter of Engagement for you to take home and sign to formalize your intention to work with us


Step 3 (can take several meetings over the first few months)

Complete a draft copy of your written retirement income plan

  • Present a written retirement income plan with a step-by-step roadmap for implementation
  • Specific strategies to create tax-efficient income
  • A layered cash flow plan with multi-year projections using additional tax saving strategies
  • Investment structure
  • Coordinating with any other professionals like banker, lawyer, accountant, mortgage broker 


Step 4

Continual Progress Updates and Refining

Every year we will meet at least annually for the purpose of review and refinement. We work with a limited number of ideal clients so that we can help you achieve your financial and life goals in a timely fashion.

Each year following we will regularly review:

  • Estate planning considerations
  • Alternate investment strategies
  • Managed portfolio options
  • Using leverage 
  • Advanced investment/income strategies
  • Tax-sheltering and tax efficiencies
  • Diversification strategies and proper asset allocation


Ready to get started?

CLICK HERE to book a time to meet with us and complete the intake form with as much detail as you can.


Retirement Income Planners,

Willis & Nancy Langford




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