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?

 

Investments

__ 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?

 

Insurance

__ 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?

 

 

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.

 

Schedule Appointment

 

Fee-Only Retirement Income Planning Exclusively for Those 55+

Willis J Langford BA, MA, CFP

Nancy Langford CRS 


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Partnering up with Willis & Nancy for our retirement goals has been the best decision we have ever made.

Previous agents or companies only seemed interested in obtaining funds from us with no further support or contact.

Willis & Nancy have worked with us at least twice a year to make sure we are set up for success. They have been able to provide us with a visual picture of where we currently stand financially in order to determine if we are ready to retire or need a few more years. It has alleviated the stress we were feeling about retiring and having no idea of what that would look like.

For the first time, we feel confident that when we make that final decision we will be able to continue on and be financially and mentally prepared.

Deb & Garry

Debbie & Garry
Long-term Clients

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