Retirement Planning Checklist

Retirement Income Planning, Calgary

Our job is to help you get and keep your total financial house in order so that you can confidently start living your ideal retirement lifestyle with total peace of mind. Here's a checklist of the items that we deal with in our planning process. Obviously, not every item applies to everyone. Go through the list and determine how many of these items you would like help with. If you checking a lot of the boxes then you would definitely benefit from our comprehensive planning process.


Retirement Planning

__ How much do I need to retire by a certain age?
__ How much do I need to save each month to achieve my goals?
__ How much can I afford to spend in retirement?
__ How can I maximize my government benefits like CPP and OAS?
__ What options should I choose for my defined benefit (DB) pension?
__ Should I take a lump-sum commuted value payout from my pension or a deferred monthly benefit?
__ Should I save using an RRSP or TFSA?
__ When should I start RRSP withdrawals or convert to a RRIF??
__ How do we split our income in retirement?
__ How do I create an income in retirement?

__ Should I get an annuity?



__ What types of investment accounts should I have?
__ How much should I contribute to different accounts?
__ Should I save in my name or my spouse’s name?
__ What types of accounts should I open for my kids?
__ Should my investment accounts be joint?
__ Should I pay down debt or invest?
__ What kind of investments can I have in a corporation?
__ Should I buy or sell a rental property?
__ What is my risk tolerance?
__ Is my asset allocation appropriate?
__ Has my investment performance beat the markets?
__ Are my investment fees reasonable?
__ Should I be a DIY investor?
__ Is my investment advisor a good one?


Tax Planning

__ How do I pay less tax today?
__ How do I pay less tax over my lifetime?
__ How do I split income with family members?
__ How do I pay less tax on my investments?
__ How do I fund my retirement in the most tax-efficient manner?
__ How do I reduce capital gains tax on my cottage?
__ Should I take a severance or salary continuation?
__ Should I set up a corporation?
__ Should I pay myself a salary or withdraw dividends from my corporation?
__ Should I set up a holding company?
__ Should I establish a family trust?
__ Should I issue shares of my company to my children?
__ Should I wind up my corporation?
__ How do I plan for the sale of my business?



__ Do I have enough life insurance?
__ Do I have the right kind of life insurance?
__ Do I need disability insurance?
__ Do I need critical illness insurance?
__ Should I buy health insurance?
__ Should I cancel my insurance policy?
__ What type of insurance do I need in retirement?
__ Should I buy insurance for my kids?


Estate Planning

__ Should I have a will?
__ What assets will pass through my will?

__ How can I reduce probate fees?
__ What beneficiaries should I name?
__ Should I own assets jointly?
__ Should I transfer assets to my children now or in the future?
__ How do I make a plan for the family cottage?
__ How do I make a plan for the family business?
__ Should I consider an estate freeze?
__ Should I add my name to a parent’s account?
__ How do I minimize probate fees?
__ Should I worry about U.S. estate tax?
__ What is a power attorney for property?
__ What is a power of attorney for personal care?
__ Should I establish a trust?
__ How do I maximize my charitable giving?


Click here to get a PDF copy of this list


How can we help?

We are a husband and wife team and we work exclusively with singles and couples over age 55 who want to get their total financial house in order, get on the same page, and start living the life they have always dreamed about. We want to help you - to move forward and retire with confidence.

Our job is to help you get and keep your total financial house in order so that you can confidently start living your ideal retirement lifestyle with total peace of mind.

Click Here to learn more about our fee-only process for creating your financial roadmap for retirement, getting your total financial house in order, and living a life that inspires you. If you would like to get started book an appointment now.


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Fee-Only Retirement Income Planning Exclusively for Those 55+

Willis J Langford BA, MA, CFP

Nancy Langford CRS 

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Latest Testimonial

If you are nearing retirement, newly retired, or well into that stage of life and need some honest, reliable financial advice and tax planning services, I highly recommend Willis and Nancy Langford at Langford Financial. I have been working with them since the fall of 2020 and am really happy I made the switch.

I needed much better advice than I was getting from my new bank rep as I was actively preparing for retirement. I found Langford Financial online and booked a review meeting. I was happy that I was sent a complete list of all the information that would be needed prior to my initial meeting so I arrived prepared.

From that initial meeting, I decided to have Willis prepare a retirement plan for me. After we reviewed everything he had prepared, I felt much more confident in what was to come financially during retirement and how I could manage it. That's when I decided to transfer my investment portfolio from my bank to Langford Financial so they could manage it with and for me. I felt they really had my best interests at heart.

It was a pleasant surprise that their approach combined both income planning for retirement and tax planning for both the immediate future and well into retirement. This has proven to be very helpful as it has ended up saving me a lot of money (a lot!) by using credits that had been missed by the company I previously used to prepare my taxes.

I really like working with Willis and Nancy. They are very quick to answer any questions I have and can accommodate virtual or in-person meetings based on what is needed. They also produce a regular newsletter that I really enjoy. It has lots of tips in it and some very good in-depth information that helps me make better decisions---or at least ask better questions!

Moving to Langford Financial was a great decision for me. It has lead to better financial planning and decision-making and much greater peace of mind for me at this time of life.
Sharon Stroick
Full Service Client Since 2020

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