What If You Were Forced To Retire?

Flat-Fee Retirement Income Planning, Calgary

Most of us, if we are honest, dream about the day we can retire and take it easy. Especially after a bad day at work. We fantasize about just walking away and not having to go back.

But, what if you had to retire sooner than planned due to health issues, job loss, caring for a loved one or worse, because you just can't find a job?

Do you have the available cash flow to allow you to retire now or to at least work a reduced workweek without too much impact on your present or future lifestyle?

If you are not in a position to retire now and you keep doing what you are currently doing will you be in a better position to retire in 5, 10, or 20 years from now?

We are all eternal optimists and believe our finances will be in better shape next year but when next year all too quickly arrives we again tell ourselves that we'll be in better shape "next year". That's why we put off saving and investing until a later date; we always believe that we will have more money then than we have now. That's the same logic we all use when we opt-in for the "don't pay for 12 months" scam at the furniture store.

If you're like most Canadians, your home is your biggest asset. If there is a lot of equity in your home how do you tap into it for making life more enjoyable today? You still need a place to live, after all. Downsizing may be a great option for freeing up cash. Government pensions will not start until age 60. 

In retirement the most important considerations are:

1. Having reliable sources of income

2. Receiving income in the most tax-efficient manner

3. Making sure that income is sustainable

4. Health expenses and possible long-term care

5. Caring for adult children or aging parents

If your current job is your only source of income you are putting yourself at risk. We live in a world that is offering us fewer and fewer guarantees. How reliable is the Government, Stock Market, Housing Market and Pensions?

Our philosophy at Langford Financial is to grow wealth, assets and income from more reliable sources. It's similar to investment diversification in that our income needs to be diversified as well and produced from multiple sources. We can't depend totally on the reliability of only one strategy at a time.

If your lifestyle, present or future, depends solely on your job, your home's value, or the stock market - anyone of these can disappear without notice.

Our business is all about helping clients declutter their lives by first getting their total financial house in order and providing the clarity and confidence to start enjoying their retirement lifestyle.

You can learn more about our flat-fee planning process by clicking here.


Fee-only Retirement Income, Investment, & Tax Planning

Willis J Langford BA, MA, CFP

Nancy Langford CRS

Everyone Needs and Deserves a Quality Retirement Plan


Share This Post:

Related Posts

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

Contact Us

Questions? Comments? Call us today at 587-755-0159 or fill out the form below:

Have Questions? Call Us Today At

Call Us

Join Our Newsletter