Blog Articles

Retirement Income Planning, Calgary
  • Sep 13, 2021
  • Willis Langford

Building a Retirement Portfolio That Can Last

The strategies you used during your growing years can't be the same strategies you use during your drawdown years. You have worked hard to build up your retirement savings and as you prepare to make the transition and start taking money out. . .

Retirement Income Planning, Calgary
  • Sep 10, 2021
  • Willis Langford

Retirement Transition - Why Your First Step should Be a Plan

Let me save you a lot of grief and a lot of money. Don't retire and start making a bunch of financial decisions willy-nilly. Start with some planning first. There are several decisions in retirement that cannot be undone and can result in you. . .

Retirement Income Planning, Calgary
  • Aug 23, 2021
  • Willis Langford

Inspiring Stories of Clients Living their Ideal Lifestyle

                    I have always admired those who attempt and achieve great things far beyond what the average person does. Paul is one of these people. He appears to be an ordinary person and he has done. . .

Retirement Income Planning, Calgary
  • Aug 19, 2021
  • Willis Langford

Cryptocurrency - Part I & II

Part I It seems these days you hear about Bitcoin everywhere you go. Well, I had hoped it would go away because I was not looking forward to having to explain it. Cryptocurrencies and blockchain are all the rage and I have yet to find anyone. . .

Retirement Income Planning, Calgary
  • Jul 27, 2021
  • Willis Langford

Growing The First Million

The first million is the hardest. Only a few people achieve this milestone because they lack the discipline to stick with a plan.   First, what do you need to get there and how long will it take? Let's assume you are starting at age 30. . . .

Retirement Income Planning, Calgary
  • Jul 20, 2021
  • Willis Langford

The 5 Essentials For Getting Started On Your Wealth-Building Journey

The 5 Essentials For Getting Started On Your Wealth-Building Journey "If you don't know where you are going any road will take you there" If you know where you want to go it's best to take the time to discover the most direct route. . . .

Retirement Income Planning, Calgary
  • Jul 17, 2021
  • Willis Langford

Top 5 Wealth Building Strategies

The Top 5 Wealth Building Strategies   There are 5 primary ways to build wealth. Depending on how much wealth you want to build you can choose to use one or more of these strategies: High Income-earning job. If you are highly skilled or. . .

Retirement Income Planning, Calgary
  • Jul 16, 2021
  • Willis Langford

The 5-Year GIS Strategy Starting At Age 65

The following is a multi-year GIS tax-free income strategy that anyone who doesn't have a DB pension can use. It requires some pre-planning and prep work in advance of turning 65. Although this strategy can be utilized by anyone, it is best. . .

Retirement Income Planning, Calgary
  • Jul 09, 2021
  • Willis Langford

Some Advantages To Owning Funds Instead of Individual Stocks

When it comes to investing you have many options available. The problem is understanding the tax implications of the investment vehicles you choose. Different types of income are taxed differently and will have an impact on your total. . .

Retirement Income Planning, Calgary
  • Jun 30, 2021
  • Willis Langford

Relax, Refresh, and Refocus

Three years ago I had a "wake-up call" and decided to make some serious changes in my life. I won't get into all of the details right now, but suffice it to say that I came to the conclusion that if I wanted to be helpful to others it required. . .

Retirement Income Planning, Calgary
  • Jun 12, 2021
  • Willis Langford

6 Self-Sabotaging Behaviours That Can Ruin Your Retirement

Shocking Stat If you track 20 people from age 50 onward, here's what will happen by age 70.   According to the Canadian critical illness table from 2008, 1. 5 will have died and 8. 5 will be dealing with a life-threatening illness. That. . .

Retirement Income Planning, Calgary
  • May 17, 2021
  • Willis Langford

8 Investment Behaviours That Can Derail Your Retirement Income

Everyone wants to make money from their investments and it's easier to do if you can follow a plan. Understanding your behavior is key to successful investing. Most of what we do each day is based on habits and mental shortcuts our brains have. . .

Retirement Income Planning, Calgary
  • May 07, 2021
  • Willis Langford

Post Pandemic Portfolio Positioning - Part 2

The biggest mistake to avoid right now is sitting on too much cash. We are staring down the barrel of the biggest increase in inflation that most of us have ever seen and cash is losing value. There is just so much money being thrown into the. . .

Flat-Fee Retirement Income Planning, Calgary
  • Apr 13, 2021
  • Willis Langford

Post Pandemic Portfolio Positioning - Part 1

The big story so far in 2021 is the third wave of rapidly climbing cases of COVID 19. We don't know how effective a vaccine is going to be or how fast it can be administered, so we are in the midst of this pandemic for a while yet. Please follow. . .

Fee-only Retirement Income Planning, Calgary
  • Mar 19, 2021
  • Willis Langford

Navigating Choppy Financial Markets

Navigating Choppy Financial Waters   The stock markets have had a rough start to 2021 and you may be wondering what's going on? The big story is interest rates and the threat of inflation.  The truth is there always is a crisis. . .

Retirement Income Planning, Calgary
  • Mar 15, 2021
  • Willis Langford

When Should Retirees Downsize Their Homes?

For most people, retirement comes with two concurrent events, more free time and an empty nest. The period of life when a lot of people are retiring from work coincides with when their youngest children are leaving home.   Consequently, most. . .

Retirement Income Planning, Calgary
  • Feb 06, 2021
  • Willis Langford

3 Ways Couples Can Get On The Same Page Prior To Retirement

How can couples get on the same page prior to retirement? A couple of years ago, Nancy and I attended a marriage enrichment seminar. It was a Friday evening and Saturday morning event. I even think it was my idea and I signed us up and paid. . .

Flat-Fee Retirement Income Planning, Calgary
  • Jan 31, 2021
  • Willis Langford

Are You & Your Spouse On The Same Page With Retirement?

When you are married it's impossible to move forward into your ideal lifestyle if you and your spouse are not on the same page, especially with money and retirement. You have competing visions and at some point, you both have to get on the same. . .

Fee-only Retirement Income Planning, Calgary
  • Jan 20, 2021
  • Willis Langford

Live Your Ideal Lifestyle Now - Why Are You Waiting?

Most people never really live the life they imagined. For whatever reason, they settle for mediocrity, or they run out of time. As you look down the road and think about your future, what does that look like for you? Five years from now you will. . .

Retirement Income Planning, Calgary
  • Jan 16, 2021
  • Willis Langford

A Retirement Transition Guide For Men

Why do men struggle with retirement more than women? I know this is a generalization, but I do think it is a serious and prevalent concern. Based on our experience in talking with men and based on our reading and research there are many issues. . .

Retirement Income Planning, Calgary
  • Jan 03, 2021
  • Willis Langford

A Retirement Transition Guide Just For Women

The average age of a woman becoming a widow in Canada. . . is 56 - much younger than most of us would have thought. That's an interesting stat and one you need to be aware of if you are a married woman, as there is a high likelihood that at some. . .

Retirement Income Planners, Calgary
  • Jan 03, 2021
  • Willis Langford

10 Tips For Staying Upbeat in A Downbeat World

News from the storm cellar. . . The easiest thing to do right now is to succumb to the fear and panic that prevails in our world, but it will only lead to despair and hopelessness. Here are some practical strategies for staying positive during. . .

Fee-only Retirement Income Planning, Calgary
  • Dec 31, 2020
  • Willis Langford

Why You Need To Consider Other Strategies For Your Retirement Income Portfolio

Fixed Income Part of Your Retirement Portfolio   What happened to bonds? Governments all around the world have lowered their key lending rates to zero and in some cases sub-zero. Greg Taylor, chief investment officer at Purpose. . .

Fee-only Retirement Income Planning, Calgary
  • Dec 31, 2020
  • Willis Langford

Pre-Retirement Self-Assessment Financial Checklist

Is Your Financial House In Order?     Self-Assessment For Pre-Retirement Financial Planning  People retire for different reasons and at different ages. Some have a plan and have time to prepare and for others, it is forced upon them to no. . .

Spousal RRSP's, Calgary
  • Dec 26, 2020
  • Willis Langford

Understanding the Value of Spousal RRSPs

One of the challenges that retirees face is equalizing their retirement income as a way to share and reduce the income tax bill. One individual earning $80,000 a year will pay $18,260 in taxes, while 2 individuals earning $40,000 will pay only. . .

Retirement Income Planning, Calgary
  • Dec 14, 2020
  • Willis Langford

Using Annuities Instead of Bonds As a Fixed Income Strategy in Retirement

Fixed Income Part of a Retirement Plan     What happened to bonds?   The traditional model of creating a retirement portfolio using a 60/40 mix of equities and bonds is broken.  You end up with 40% of your portfolio adding little. . .

Retirement Income Planning, Calgary
  • Dec 14, 2020
  • Willis Langford

Who's Going To Look After You When You When You Get Old?

The loneliness is killing me. All I do is sit and cry all day long.  The words of a 86 year old widow. According to a 2016 stat, there were 2 women for every 1 man in the over 85 categories. Visit a long-term care facility and see the. . .

Retirement Income Planning, Calgary
  • Dec 13, 2020
  • Willis Langford

Everything You Need To Know About Your Government Benefits

Now Online Access For You   Our Entire Presentation is now online for free:    "Everything You Need To Know About CPP, OAS, GIS, PRBs, & More"   This is a 6 part presentation and you will receive 6 emails over the course of. . .

  • Dec 03, 2020
  • Willis Langford

In The Media and Around the Web

Globe and Mail Articles   Decluttering a tangled mix of stocks, bonds, and mutual funds is a must before retirement    Feel-good funds with positive returns draw legions of responsible investing fans - Toronto Star How much money. . .

Retirement Income Planning, Calgary
  • Nov 30, 2020
  • Willis Langford

A Financial Guide For Widows

I was shocked when I learned that the average age of a woman becoming a widow in Canada. . . is 56. It's not the picture most of us have. That's an interesting stat and one you need to be aware of if you are a married woman, as there is a. . .

Retirement Income Planning, Calgary
  • Nov 21, 2020
  • Willis Langford

Should You Take Your CPP Early? - Before You Do, Read This!

It's a question we get asked often: Should I take my CPP at age 60 or wait? The short answer is NO, the long answer is YES. Consider some of the following in making your decision. 1. ) If you are still working, will the additional income. . .

Flat-Fee Retirement Income Planning, Calgary
  • Nov 18, 2020
  • Willis Langford

Everything You Need To Know About GIS

What you need to know about GIS - The Guaranteed Income Supplement   This program is to ensure that every senior has a minimal amount of income. Based on the level of reported taxable income for Canadians over age 65 and receiving. . .

Retirement Income Planning, Calgary
  • Oct 31, 2020
  • Willis Langford

3 Examples of When it Makes Sense To Delay Collecting CPP?

In many cases, it makes sense to take CPP at age 60. Remember, if you take your CPP at age 65 you get 100% of your entitlement. If you take it at age 60 your benefit is reduced by 36% (. 6% for each month) If you delay taking your CPP to age 70, you. . .

Retirement Income Planning, Calgary
  • Oct 29, 2020
  • Willis Langford

Over 65, Collecting CPP and Still Working? Why It Makes Sense To Keep Making Contributions

If you are between the age of 65 and 70 and still working you have an opportunity to continue to contribute to CPP and earn as much as 18% returns on those contributions as Post Retirement Benefits - guaranteed and indexed for the rest of your. . .

Retirement Income Planning, Calgary
  • Oct 19, 2020
  • Willis Langford

12 Keys To a Happy & Secure Retirement

12 KEYS TO A HAPPY, SECURE RETIREMENT • Start planning early. Time is your best friend. • Clearly define your retirement vision, values, priorities, and trade-offs. • Get expert help with financial planning. Use conservative. . .

Fee-only Retirement Income Planning, Calgary
  • Oct 07, 2020
  • Willis Langford

Revealing the Banker's Secret

How we bought our 1989 Pontiac 6000 It was 1993 and Nancy and I needed to get a new car. We didn't have any money and couldn't get a loan at the bank. Nancy's dad remembered that we could borrow some money from his life insurance. . .

Fee-only Retirement Income Planning, Calgary
  • Sep 30, 2020
  • Willis Langford

Should you Have Gold and Silver In Your Retirement Income Portfolio?

During the last financial crisis, I wanted to buy some Silver, as the prices were starting to soar. I asked Nancy to go to the Scotiabank that used to be located on 8th Avenue downtown, near where she worked. She came home, on the bus, with a large. . .

Retirement Income Planning, Calgary
  • Sep 22, 2020
  • Willis Langford

Are CPP Contributions Worth It for the Incorporated Business Owner?

Are CPP Contributions Worth It for the Incorporated Business Owner? A Case Study in the Cost/Benefits Analysis of business owners making CPP Contributions Current Situation with new 2021 numbers  The CPP program is a pension plan that was. . .

  • Sep 11, 2020
  • Willis Langford

Milestone 50/50

Update #4 on Milestone 50/50 - Sept. 27th   Thank you so much to those of you who partnered with us to reach our goal of giving $5000 to Opportunity International Canada. In fact, we will exceed our goal and raised $6000.   A gift of $25. . .

Retirement Income Planning, Calgary
  • Sep 03, 2020
  • Willis Langford

The Do's and Don't of Owning Rental Properties in Retirement

We love rental properties as much as anyone and believe that they can be a great source of income, especially for your retirement years, however, caution needs to be taken so that you don't end up losing other income benefits or pay unnecessary. . .

Retirement Income Planning, Calgary
  • Sep 02, 2020
  • Willis Langford

10 Ways To Generate Extra Cashflow in Retirement

It's impossible to get ahead financially if you are not maximizing your earning potential. So here are some ways you can make more money before and after retirement. 1. Work more. Pick up extra shifts at your job. If you get paid extra to. . .

Retirement Income Planning, Calgary
  • Aug 31, 2020
  • Willis Langford

What Happens To Your CPP & OAS if You Retire Outside Canada?

Many Canadians are choosing to live in another country during retirement. So what happens to your government pensions if you decide to move to a warmer climate outside of Canada? It depends on how long you lived and worked in Canada. . . .

Retirement Income Planning, Calgary
  • Aug 09, 2020
  • Willis Langford

All The Money In The World

Have you ever seen the movie, "All The Money In The World"? It's the true story of the Getty Oil empire. I'll try not to ruin the movie for you in case you have not seen it yet. But, I'm sure you know where this is going. Mr. . . .

Retirement Income Planning, Calgary
  • Jun 22, 2020
  • Willis Langford

3 Options For Converting Your RRSP into Retirement Income

Remember that awesome tax refund you received because of your RRSP contribution? The 2 main advantages of an RRSP is first, the immediate tax savings. The idea is to put money into an RRSP at a higher tax rate while you are working and take it out. . .

Retirement Projections, Calgary
  • Jun 16, 2020
  • Willis Langford

Creating Your Retirement Income Projections

Before heading out on vacation you'll take the time to plan where you are going, how you will get there, where you'll be staying and the activities you want to participate in. You may plan a wedding, plan for a new baby, plan out your. . .

Retirement Income Planning, Calgary
  • May 25, 2020
  • Willis Langford

A 3 Step Process For Creating Your Retirement Income Plan

Unfortunately, Canadians needlessly make a lot of mistakes with their retirement planning. With so many conflicting messages from various financial institutions all shouting for your attention, it's no wonder there's so much confusion. . . .

Retirement Income Planning, Calgary
  • May 19, 2020
  • Willis Langford

Fear of 'Running Out of Money' can be eliminated with Annuities

By far the biggest concern for Canadian retirees is running out of money. There is a way that you can eliminate this fear by using some of your savings to buy an annuity and have income for as long as you live. Retirement is a long time and. . .

Fee-only Retirement Income Planning, Calgary
  • Apr 29, 2020
  • Willis Langford

When Is A Good Time To Be Investing?

One of my favourite lines that I heard over the past year is, "I have never met a rich pessimist". In order to make money, there has to be a foundational belief that things will improve, and I believe they will. Napoleon Hill's famous book,. . .

Fee-only Retirement Income & Wealth Planning, Calgary
  • Apr 12, 2020
  • Willis Langford

Retirement Investing Basics 101

In the Spring of 2000, we received a letter from Sun Life Financial informing us that due to the demutualizing of the company we were entitled to 102 shares of the company. We did not understand it at the time so we tucked it away for a little while. . .

Fee-Only Retirement Income Planning, Calgary
  • Apr 02, 2020
  • Willis Langford

Guide to Investment Fees and Determining Value in Retirement

If all investments were the same then fees would be important. But, not all investments are the same. If you are looking to buy gasoline for your car you would naturally buy it from the station offering it at the lowest price, because you. . .

Fee-only Retirement Income Planning, Calgary
  • Mar 08, 2020
  • Willis Langford

5 Distractions That Can Ruin Your Retirement

I asked Anne, a recent retiree, what advice she would offer to other people who are getting ready to retire and I was surprised by her response. She said, "be leery of people who think you have all the time in the world to help them with their. . .

Fee-Only Retirement Income Planners, Calgary
  • Feb 26, 2020
  • Willis Langford

How To Tell The Difference Between A Professional Financial Planner & A Salesperson

Have you watched the Oscar-winning movie, Parasite? Interesting Korean movie if you don't mind reading subtitles for 2 hours. At a low point in the movie, when the dad and his son are sleeping on the floor of a gym because their half. . .

Retirement Income Planning, Calgary
  • Jan 15, 2020
  • Willis Langford

The 7 Deadly Sins of Retirement Income Planning

The 7 Deadly Sins of Retirement Income Planning      1.  Waiting Too Long to Start Planning “I wish I had met you guys when I was 60”. We hear it all the time. Retirees in their late 60’s and early 70’s realizing that they have run. . .

Retirement Income Planning, Calgary
  • Dec 10, 2019
  • Willis Langford

How to Choose the Right Financial Advisor for Retirement

What is the right type of financial advisor for you?   Most Canadians are leery of financial advisors. You want advice. You know you need some advice, but you don't want to be pitched on a bunch of investments or financial products that you. . .

Fee-only Retirement Income Planners, Calgary
  • Nov 13, 2019
  • Willis Langford

The Consequences of Bad Advice in Retirement

Age 65 is too old to be following bad advice. Based on the advice from their bank, this couple converted all of their respective RRSPs into RRIFs. They had rather large RRSPs and now that they were converted to RRIFs this meant that they were. . .

Fee-only Retirement Income Planner, Calgary
  • Oct 31, 2019
  • Willis Langford

Creating a Retirement Income Plan is Much Like Building a House

Where would you start if you wanted to build your dream home? Imagine heading over to Home Depot to pick out carpet and paint for your new home or to price out windows. The sales rep would need to see some plans before they could advise you on. . .

Retirement Income Planning, Calgary
  • Oct 08, 2019
  • Willis Langford

Creating A Good Retirement Investment Strategy

Do you have a retirement investment income strategy? Are you aware that it should be different than your accumulation strategy? Growing wealth is quite different than preserving wealth and taking an income at the same time. A couple of bad years. . .

  • Aug 12, 2019
  • Willis Langford

Don't Be a Deadbeat Dead Person

Everyone leaves a legacy - some good and some bad. This is what I remember when my Grand Father died - he didn't have enough money in his possession to 'bury his ass' in the ground. My dad was so annoyed that his father didn't. . .

Stocks or Bonds?
  • Aug 11, 2019
  • Willis Langford

What's The Difference Between Stocks to Bonds

Although stocks and bonds are both good investments there are big differences between the two. The old school rule of thumb was to have a percentage of bonds in your portfolio that corresponds with your age. If you are age 60 then you would have 60%. . .

  • Aug 10, 2019
  • Willis Langford

The 4 Keys to Successful Investing

Everyone wants to make money from their investments, but few do because they are constantly running in and out of the markets, however, it's easy to do if you follow these 4 keys: 1. Understanding your behaviour. Most of what we do each day. . .

Retirement Income Planning, Calgary
  • Jul 13, 2019
  • Willis Langford

6 Steps You Should Take NOW if you want to Retire Soon

The reality is most people will spend more time planning a 2-week vacation than they will be planning out the rest of their lives. According to a 2012 LIMRA study, nearly half of retirees said they did not get to choose when they retired rather they. . .

  • Jun 18, 2019
  • Willis Langford

5 Simple Estate Planning Ideas For Canadians

We all have heard a story of an estate gone terribly bad. Family members being left out. Wills being contested. Siblings being left out. Relatives coming out of the woodwork looking for a piece of the action. The fact is, no one gets out alive,. . .

Calgary Financial Advisor
  • Apr 19, 2019
  • Willis Langford

3 Reasons Why You Need A Will and The Most Affordable Place to get one

We are not Lawyers, but we firmly believe that a Will is the foundation to a solid Financial Plan. We have been searching for sometime for a Lawyer that is willing to offer their service to the general public at a very reasonable cost. We have. . .

  • Apr 12, 2019
  • Willis Langford

Our Trip to Panama

Panama is hot! We spent 19 days traveling around the country in March of this year and noticed that Panama is a country of contrasts. Rich and poor. Modern and traditional. New and old. Clean and dirty.   For several years we have been reading. . .

Retirement Income Planning, Calgary
  • Mar 18, 2019
  • Willis Langford

Retirement Planning Checklist

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. . . .

Retirement Income Planning, Calgary
  • Jan 18, 2019
  • Willis Langford

5 Priorities for a Successful Retirement Transition

Perhaps you know the illustration of the physics teacher who gave his students a wide-mouth mason jar. He then gave them five big rocks, a handful of marbles, a container of sand, and a glass of water. He said, “You’ve got fifteen seconds to put. . .

Advantages of Charitable Giving
  • Dec 10, 2018
  • Willis Langford

Advantages of Charitable Giving

Well, It's beginning to look a lot like Christmas. . . . and Christmas is the season of giving! I want to provide you with some valuable information on the advantages of charitable giving. The first advantage is that it is good for your health. . . .

Retirement Income Planning, Calgary
  • Aug 14, 2018
  • Willis Langford

Should You Commute Your Company Pension When You Retire?

If you are one of the lucky Canadians that have a defined benefit pension plan from your employer and you have had the good sense to stay with one employer for a long time then you have some options to consider when it comes time to retire or if you. . .

  • Aug 11, 2018
  • Willis Langford

The 10 Mistakes To Avoid With Your Life Insurance

Talking about life insurance is as exciting as a trip to the Dentist. At least at the Dentist, you get to go home with a new toothbrush. Insurance isn't that important until you need it. If you don't have it when you need it, it is too late. . .

Retirement Income Planning, Calgary
  • Aug 01, 2018
  • Willis Langford

Creating An Effective Retirement Income & Investment Plan

The fact is most retirees want help with organizing their affairs as they approach retirement and help with understanding government benefits and when they should start taking them, help with deciding where and when to take income and how to do so. . .

Retirement Income Planning, Calgary
  • Jul 07, 2018
  • Willis Langford

Estate Planning Checklist

Estate Planning Checklist Taking Inventory Define your goals and objectives How important is it for you to leave an inheritance To whom will you leave an inheritance How much will you leave each person Evaluate your. . .

Retirement Income & Investment Planning, Calgary
  • Apr 11, 2018
  • Willis Langford

How To Rob A Bank

Seven years ago (2012) we were celebrating being "debt-free" and contemplating what our next financial move would be. We had a significant amount of equity built up in our house and were looking for opportunities to grow our wealth. We had already. . .

Retirement Income Planning, Calgary
  • Apr 09, 2018
  • Willis Langford

How and When to Take Advantage of Market Turmoil

In 2018, the stock market had been on a wild ride. We seen some significant pullbacks and seen some days where the markets have swung from the positive to the negative within hours. The question always becomes, "do you run for safety or do you. . .

Retirement Income Planning, Calgary
  • Mar 11, 2018
  • Willis Langford

Why You Should Be More Concerned With TAXES Not FEES

Every dollar you save in taxes is not only an extra dollar that you have available to enjoy your lifestyle, but it is also a dollar you do not have to take from your retirement savings and it can be another dollar you can use to grow your. . .

Fee-only Retirement Income Planners, Calgary
  • Feb 24, 2018
  • Willis Langford

You Will Not Retire 30% Richer With Questrade

As a Certified Financial Planner, I am shocked at how much of a doormat the financial services industry is in Canada. We've learned nothing from watching the slow-moving trainwreck within the Oil and Gas industry which waited too long and did. . .

Fee-only Retirement Income Planning, Calgary
  • Jan 13, 2018
  • Willis Langford

The 3 Keys to a Better Retirement

He told me the highlight of his day was "Happy hour"! We met at a dental office in Mazatlan, Mexico. He was waiting for his wife and Nancy and I was there to use a coupon we found on the beach for a 180 peso tooth cleaning. ($18 CAD). As we. . .

Retirement Income Planning, Calgary
  • Jan 12, 2018
  • Willis Langford

The Key Differences Between Mutual Funds and Segregated Funds

A mutual fund is simply a basket of individual stocks managed by either a manager or a team of managers. The team will select various investments to hold inside of the fund in order to create a return for their investors. Typically the mutual fund. . .

  • Dec 20, 2017
  • Willis Langford

Mazatlan, Mexico

Christmas 2017 was the first time that Nancy and I were somewhere other than Canada. We enjoyed a different Christmas at the ocean city of Mazatlan on the west coast of Mexico. The days were filled with sun and temperatures in the mid to high. . .

Inheritance Planning, Calgary
  • Dec 07, 2017
  • Willis Langford

How can you ruin a good inheritance?

The oldest book in the world has a proverb that says, “A good person leaves an inheritance for their children’s children”.   A few years ago my parents called one day to inform me that they had sold their home and was giving all 9 children. . .

Retirement Income Planning, Calgary
  • Sep 02, 2017
  • Willis Langford

Over 65 and Still Working? Are You Needlessly Paying CPP Contributions

What will happen if you have made the maximum CPP contributions are still working and decide to delay taking your CPP past age 65? Your CPP benefit is based on how much you contributed to the plan for the 47 years between the ages of 18 - 65. . . .

Investments and Insurance Planning, Calgary
  • Aug 06, 2017
  • Willis Langford

Monthly contributions vs. Lump sum deposits

    Retirement Income & Investment Advisors, Willis &. . .

Investment, Insurance & Planning, Calgary
  • Jul 12, 2017
  • Willis Langford

The Number 1 Strategy for Taking Control of Your Financial Future

I vividly remember our lunch date that day. We had just come from an appointment at our bank finalizing some re-financing on our home and afterward, Nancy and I decided to grab a bite to eat at Chianti's, one of our favorite restaurants. During. . .

Investments Insurance Planning, Calgary
  • Jul 11, 2017
  • Willis Langford

6 Simple strategies for reducing taxes before and during retirement

There's one often overlooked way to grow your wealth and create more guaranteed returns. Reducing taxes. Way too many Canadians needlessly pay too much in income taxes. Mostly due to a lack of understanding of how our system works and a lack of. . .

Investments and Insurance Planning, Calgary
  • Jun 16, 2017
  • Willis Langford

Financial Priorities For Your 30's and 40's

The financial habits you create early in life tend to follow you for the rest of your life. That's why it's important to establish priorities early in life and form good money habits that will serve you well in the later years of living when. . .

Calgary Retirement Income Planning
  • Jun 09, 2017
  • Willis Langford

Should You Sell Your Rental Properties Before Starting OAS?

Owning real estate has always been a great way to build wealth and create additional sources of income. There are 3 ways that you build wealth with a rental property. The first is in pure cash flow that is generated month to month. Secondly, is the. . .

Calgary Retirement Income Planning
  • May 14, 2017
  • Willis Langford

What You Cannot Buy In Retirement

I often think about this story from Daryl Diamond. Imagine you are going on a 2-week all-inclusive vacation. But, this time, you are going to do it all differently. You are actually going to splurge and do all the extra little things. Rent the. . .

Reverse Mortgages, Calgary
  • Apr 25, 2017
  • Willis Langford

What is a Reverse Mortgage? Are They a Good Idea? What Are The Alternatives?

Tired of being house-rich but cash-poor? You have options. The largest asset that you have in retirement is your home and for most people, it represents a large chunk of equity that you cannot access. It's like you have this piggy bank, but. . .

Calgary Retirement Income Planning
  • Apr 19, 2017
  • Willis Langford

Our Trip to Colombia

WOW. This is not the country we were exposed to in the 80's and 90's through movies and TV shows. What stood out the most to us is how modern and advanced the country is. Nancy and I had the privilege of spending 12 days in Colombia from. . .

Calgary Retirement Income Planning
  • Mar 27, 2017
  • Willis Langford

Creating a Retirement Investment Portfolio During Market Turmoil

Imagine with me for a moment. You are finally ready to let go of the job that has sustained you for many years and enter the wonderful world of your ideal retirement lifestyle and the Stock Market Crashes. It will probably be one of the. . .

Calgary Retirement Planning
  • Mar 08, 2017
  • Willis Langford

Are You Being Held Hostage by Bad Advice?

On August 23rd, 1973 two machine-gun carrying criminals entered a bank in Stockholm, Sweden. Blasting their guns, one prison escapee named Jan-Erik Olsson announced to the terrified bank employees “The party has just begun!” The two bank robbers. . .

Retirement Income Planning, Calgary
  • Feb 09, 2017
  • Willis Langford

5 Guaranteed Income Strategies to Avoid Outliving Your Money

5 Guaranteed Sources of Retirement Income  What I learned from Brian Costello at a seminar about 20 years ago - the key to financial independence is multiple streams of income. There are several ways to generate income, but only a few of those. . .

Retirement Income Planning, Calgary
  • Dec 28, 2016
  • Willis Langford

How Safe Is Your Company Pension?

It may seem like ancient history now, but it wasn't too long ago that Nortel Networks was a household name in Canada. The company was worth over $300 Billion and employed nearly 95,000 people. It declared bankruptcy protection in 2009 and it. . .

Annuities, Calgary
  • Nov 16, 2016
  • Willis Langford

What is a prescribed annuity?

One of the challenges for creating retirement income is that interest rate yields have dropped so much over the past 30 years and now taxes are increasing - it's what we call adding 'insult to injury'.  If you are over the age of 60 this. . .

Retirement Income Planning, Calgary
  • Nov 10, 2016
  • Willis Langford

Where Does Most of Your Money Go? 3 Pocket Thieves...

The 3 Pocket Thieves Interest Costs: The average Alberta family will lose about $500,000 in interest costs during their 40-year working life. How did we come up with that number? If you purchase a home for the average $478,000 that will be. . .

RESP Information, Calgary
  • Nov 01, 2016
  • Willis Langford

RESP Guide to Get Gov. Grant Money for your Kid's & Grandkids!

One of the proudest moments occurred in 2016 as our son, Caleb, graduated from Mount Royal University with a 4-year degree in Business. This was a proud moment because if we had caved into the constant negativity that teachers had written in his. . .

Retirement Income Planning, Calgary
  • Oct 17, 2016
  • Willis Langford

What Wealthy People Do That Others Miss

Today's wealthy investors are usually very involved in their financial matters. There is a tremendous amount of information available today on wealth management. Russ Alan Prince published, Wealth management, (Wealth Management Press 2003). . .

Quality Retirement Planning, Calgary
  • Oct 12, 2016
  • Willis Langford

4 Major Pitfalls to Avoid in Retirement

Problem: Miss one of the four key numbers in your calculation, and you could be headed for disaster.   Four Major Pitfalls of Investing in Retirement  Investing in retirement can be tricky, as it requires that you consider several factors. . .

Retirement Income Planning, Calgary
  • Sep 27, 2016
  • Willis Langford

What Happens To Your Pension In a Divorce?

Divorce has many financial consequences, especially when it comes to your pensions. Here's a great article I found on Sunlife. ca    Who gets the pension in a divorce?   By Sheryl Smolkin Dividing up the family. . .

Quality Retirement Planning, Calgary
  • Sep 20, 2016
  • Willis Langford

6 Critical Conversations You Should be Having Before You Retire

The surveys and statistics are overwhelming. Most Canadians are entering Retirement with no plan. Maybe that's not entirely true. Because no plan is a plan - it's a plan to fail! The fact of the matter is that most Canadians do not plan. . .

Quality Retirement Planning, Calgary
  • Sep 19, 2016
  • Willis Langford

The #1 Secret To a More Inspired, Enjoyable & Productive Life

What is the secret to a more inspired, enjoyable, productive life? No, it's not working harder.  I tried that and failed. A few years ago I worked for 70 straight days without a day off. 14-16 hours a day, straight through. I was a real joy. . .

Fee-only Retirement Income Planning, Calgary
  • Sep 18, 2016
  • Willis Langford

6 Retirement Risks and How to Mitigate Them

No one wants a nest with no eggs! Many Canadian's retirement dreams quickly turn into sleepless nights as they worry about outliving their money. If you are 65 years old you have a 50% chance of reaching your 90th birthday. In fact, StatsCan. . .

Calgary Financial Advisors
  • Sep 02, 2016
  • Willis Langford

The best time to plant a tree is 20 years ago. The 2nd best time is....

TODAY! The best time to start planning your financial future was 20 years ago. The next best time is TODAY.   In fact, regardless of what planning you have done so far, there's still more to do. You may not know how long you will be here,. . .

Financial Advisor, Calgary
  • Aug 21, 2016
  • Willis Langford

Avoiding The 4 Barriers to Financial Success

Everywhere you go there are barriers. You can't get onto a golf course without the proper attire. Riding transit - you need a ticket. University? You need the right marks from High School. There are barriers to almost everything in life, most of. . .

retirement Income, Calgary
  • Aug 04, 2016
  • Willis Langford

Is It a Good Idea To Tap Into Your Home Equity During Retirement?

You would be crazy not to! If you retire and plan to live in your primary family dwelling, and it's completely paid for, then you should definitely consider setting up a home equity line of credit on it before you retire.   One reason to do. . .

Flat-Fee Retirement Income Planning, Calgary
  • Jun 03, 2016
  • Willis Langford

What If You Were Forced To Retire?

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. . .

Quality Retirement Planning, Calgary
  • May 30, 2016
  • Willis Langford

5 Simple Tips To Maintaining A Good Credit Rating

Canadians say their #1 Financial Priority is Reducing Debt. Did you know that one of the best ways to do that is by getting a better interest rate on your existing debt? This helps you pay more to principle and less to interest thereby helping you. . .

Quality Retirement Planning, Calgary
  • May 11, 2016
  • Willis Langford

How We Bought Our Vacation Property

We have a 2 bedroom, 1 bathroom condo in beautiful Scottsdale, AZ. It's located within walking distance of historic Old Town. It's in a lush and tropical gated community with 3 pools, 2 tennis courts, his and hers fully equipped gyms with. . .

  • May 11, 2016
  • Willis Langford

4 Cash Flow Basics You Should Be Reviewing Constantly

Your car needs to be maintained. So does your home.  Your Cash Flow Plan is no different and it requires ongoing maintenance. Here are 4 cash flow basics to review constantly: 1. ) Is my debt number decreasing each month? When we log into our bank. . .

Calgary Cash Flow Specialists
  • May 11, 2016
  • Willis Langford

4 Must Have Pre-Retirement Funds

This morning I am sitting in my usual seat at McDonald's enjoying my coffee and bran muffin with butter. Enjoying the coffee and the butter. Nancy is sleeping peacefully at home - she prefers sleep to bran muffins. I have been thinking about the. . .

Calgary's Cash Flow Experts
  • May 11, 2016
  • Willis Langford

Travel Insurance

Travel Insurance (Call or email for a quote) Super Visa As of 2011, Citizen and Immigration Canada has developed a simple method for parents and grandparents to come visit their children living in Canada. The process involves applying for. . .

Calgary Financial Advisor
  • Apr 13, 2016
  • Willis Langford

What Is Your Next Financial Move?

What’s Your Next Financial Move?   Most of us are very “optimistic” when it comes to our financial future. We truly believe that we will be better off 3 months, 6 months, 1 year down the road than we are today. We definitely believe. . .

Calgary Financial Advisor
  • Mar 28, 2016
  • Willis Langford

What Financial Habits are You Teaching Your Children?

Whether you like it or not most of what you teach your children is caught more than taught. Your actions are what they   more than your words. Do you want your kids to have the same financial habits you currently have? Here's a few ideas on. . .

Flat-Fee Retirement Income Planning, Calgary
  • Mar 11, 2016
  • Willis Langford

7 Smart Ideas for Saving Money During an Economic Downturn

Tough times will not last forever - tough people will!   During the last downturn, which doesn't seem that long ago, there was a TV Ad by Toyota that said if, “If you can persevere when times are tough, you’ll be unstoppable when. . .

TFSA, Calgary
  • Feb 24, 2016
  • Willis Langford

4 Better Strategies For Your TFSA

The truth is, most Canadians still do not understand what a TFSA is, never mind, what to do with it. A Tax Free Savings Account (TFSA) is an account that you can set up through most financial institutions in Canada. The government allows you to. . .

Calgary Financial Advisor
  • Feb 18, 2016
  • Willis Langford

4 Simple Strategies For Making More Money

They say there is nothing new under the Sun. True, most people just do not know what's under the Sun. Just think of what you could do if you had more money. . . Finally, go on that family vacation. Go to more movies. Buy a new mattress. Here are 4. . .

Calgary Financial Advisor
  • Feb 16, 2016
  • Willis Langford

Have You Ever Committed Financial Infidelity?

What is Financial Infidelity? This is a common occurance when couples have shared finances and one spouse hides purchases from the other. It happens more frequently than you may realize.   Why does it happen? Usually because there is a. . .

Your Cash Flow Experts
  • Feb 13, 2016
  • Willis Langford

Is Your #1 Financial Frustration 1 of These?

Whether you like it or not, you need money to fund your lifestyle. If you don't earn enough money to fund your lifestyle then you either have to borrow money from somewhere or change your lifestyle to lower your expenses. If you don't want. . .

Retirement Income Planning, Calgary
  • Feb 05, 2016
  • Willis Langford

TFSA: Great Investment Tool or Waste of Time?

TFSA: Is it worth it for you? What is a TFSA, or a TSFA as my mother incorrectly calls it? It stands for Tax-Free Savings Account. If you are not careful this thing could end up costing you more than you'll ever gain. This savings vehicle was. . .

Retirement Transition, Calgary
  • Feb 03, 2016
  • Willis Langford

Should You Invest In Your RRSP or Your TFSA?

Should you be putting more money into your RRSP or should you contribute to your TFSA (which by-the-way has no deadline)?   Here's a couple of ideas to consider:   1. ) If you have made a significant amount of employment income in. . .

Calgary Retirement Income Planning
  • Dec 10, 2015
  • Willis Langford

Enjoying Financial Freedom In Retirement

You need to define what Financial Freedom means to you. Once it is defined it will probably need to be redefined again and again. Freedom doesn't have to be some far off, never-never land, or a constantly moving target that just seems to get. . .

  • Nov 29, 2015
  • Willis Langford

5 Obstacles That Prevent us from Improving our Financial Health Prior To Retirement

1. ) Overwhelmed - We can sink so deeply into a hole that we can no longer see the light of day. The burden of debt can be more than we can carry and we know that we nearing a breaking point, but don't know what to do about it. Have you ever had. . .

Retirement Income Planning, Calgary
  • Nov 25, 2015
  • Willis Langford

3 Mistakes To Avoid As You Transition Into Retirement

The grasshopper watches the ant working diligently all summer long, making a home and gathering food for the winter. Thinking the ant a fool, the grasshopper spends his summer days playing in the sun and consuming whatever food comes his way. When. . .

Retirement Income Planning, Calgary
  • Nov 24, 2015
  • Willis Langford

Heading South this Winter? - What you need to know about Travel Insurance

Just search the web and you will find some horror stories about travel insurance. If your traveling outside of Canada in the next little while make sure you understand what you have for Travel Medical Insurance. Here's a couple of tips: 1. ). . .

Retirement Income Planning, Calgary
  • Oct 12, 2015
  • Willis Langford

Do You Have The Right Kinds of Insurance?

We know the importance of life insurance. . . Over the past 3 years, we have delivered more than $3 Million dollars worth of cheques to our clients. These cheques were the difference between which side of the poverty line some people would end up. . .

Calgary Financial Consulting
  • Sep 18, 2015
  • Willis Langford

4 Common Retirement Mistakes Younger Couples Make

Many young couples are still clinging to their honeymoon days and not thinking too far into the future. Though many couples appear to have the same goals, sometimes this is not the case.  In the months following marriage, one of the first things a. . .

Latest Testimonial

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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