The 3 Ingredients For A Better Retirement

Retirement Income & Tax Planning, Calgary

Maybe it's not possible to have the perfect retirement, but it is possible to aim for a better one, and it has 3 key ingredients - time, energy and money.

When you are young you have energy and time, but no money.

As an adult you have energy, maybe the money, but not enough time.

As a retiree, you can have all 3, time, energy, and money, but only if you retiree before you start running out of one of them.

If you are not careful, your time can be sabotaged as a retiree. Other people think you have nothing to do or perhaps you are bored, so they will find lots of stuff for you to do. Babysitting the grandkids. Volunteering. Helping someone with a project. Before you know it you have a full calendar and no time for the things you want to do.

Money. Well, most people have enough even though they spend most of the early years fretting about running out. They are too cautious and underspend. The fact of the matter is you don't want to be the richest person in the graveyard and at the same time, you don't want to be a burden to your family. The solution is to have a proper plan that provides you with a framework so you can spend confidently in the early years and still have enough for the latter years.

Energy. Other than a health crisis, this one is within your ability to control. You can eat well, and stay active and healthy; as this will provide the energy to do what you want to do. A key point to remember is that your energy levels will decrease over time, so you have to be intentional as to where you spend your energy. Whatever you do, don't be that old person with all kinds of money and time, but no energy left to do anything but sit around the house complaining and counting your beans.

My advice:

Retire early, stay healthy, and do stuff you love. 

You only have so much time, money, and energy so be careful to spend each of them on the right things and maybe, you will have mastered the recipe for the perfect retirement!

Life is Short. Retire. Be Happy!

Learn more about our fee-only planning process and how to book an appointment by clicking here.

 

Retirement income, investment, and tax planning,

Willis J Langford BA, MA, CFP

 


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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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