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Retirement Income Planning, Calgary
  • Sep 22, 2022
  • Willis Langford

Why Financial Decisions Are So Difficult

Why are financial decisions so difficult? Buying a first home. Upsizing. Downsizing. Taking a new job. Investing.   Here's what I think is the biggest challenge of our time. Headlines that grab our attention. Look at these from the past. . .

Retirement Income Planning, Calgary
  • Aug 23, 2022
  • Willis Langford

The Sequence of Returns and The Impact It Has On Running out of Money

What is Sequence of Return Risk? Oftentimes, investors are instructed to own a well-diversified portfolio in accordance with their risk tolerance and then maintain it through all market conditions until their situation changes or they are faced. . .

Retirement Income Planning, Calgary
  • Aug 03, 2022
  • Willis Langford

Guaranteed Income and Investment Ideas for 2022

The challenge for the retiree is creating sustainable, reliable, and tax-efficient sources of income. If I could offer you a guaranteed rate of return of 5% for the rest of your life, you would likely jump at the opportunity so that you could set it. . .

Retirement Income Planning, Calgary
  • Jun 17, 2022
  • Willis Langford

Tips For Staying Ahead of Inflation

Every day you are faced with another increase in the cost of living. Your natural reaction to inflation is to tighten and stop spending, but I don't think you have enough time to lose in life to always be waiting. Life is short. Retirement is. . .

Retirement Income Planning, Calgary
  • May 28, 2022
  • Willis Langford

What Does It Mean To Have Your Total Financial House In Order?

What Does It Mean To Have Your Total Financial House In Order? Most Canadians have many financial products spread from one institution to another. Life insurance, group health and dental benefits from work, group RRSPs, LIRAs and pension plans. . .

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

What Is The Difference Between Retirement Planning and Retirement Income Planning?

Every financial advisor's website says they offer retirement planning. Some will even say that "Retirement is all we do", but in reality, they are investment advisors disguised as planners. The truth is there is a difference between. . .

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

Retirement Checklist For Those 55+

Is Your Financial House In Order?     Self-Assessment For Pre-Retirement Income 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 As a Guaranteed Cash Flow 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. . .

Fee-only Retirement Income Planning, Calgary
  • Oct 06, 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. . .

Retirement Income Planning, Calgary
  • Sep 02, 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
  • Jun 20, 2020
  • Willis Langford

3 Options For Converting Your RRSP into Retirement Income

Remember that awesome tax refund you received because of your RRSP contributions?   The 2 main advantages of an RRSP are 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. . .

Retirement Projections, Calgary
  • Jun 14, 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 24, 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 18, 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. . .

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

The 7 Common Mistakes 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. . .

Fee-only Retirement Income Planner, Calgary
  • Oct 30, 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. . .

Calgary Retirement Income Planning
  • Jun 07, 2017
  • Willis Langford

The Problems With Rental Properties In Retirement?

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

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. . .

Annuities, Calgary
  • Nov 16, 2016
  • Willis Langford

What is a Prescribed Rate 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, Calgary
  • Aug 02, 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. . .

Retirement Income Planning, Calgary
  • May 10, 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. . .

Retirement Income Planning, Calgary
  • 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. . .

Retirement Income Planning, Calgary
  • 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. . .

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I contacted Langford Financial to see if they could help me with specific questions on retirement & estate planning, efficient tax strategies, CPP and OAS benefits, and income drawdown strategies. I was very nervous at first about whether they would be a good fit for my needs, but my concerns were quickly put to rest and Willis and his team made me feel at ease right from the very first meeting.

They are very easy to work with, are very knowledgeable and resourceful, are able to break down complex matters into an easy-to-understand manner, and are always quick to respond to any questions. They reviewed my situation and were able to tailor a plan to fit my specific needs, to my complete satisfaction.

The plan included amongst other things, the best way to utilize efficient income tax strategies. helped me to understand the correct drawdown of assets which would result in larger savings, and provided guidance on insurance products and efficient estate planning.

As a result, I have a much clearer picture of my financial situation now and feel very confident and satisfied with the plan that they have proposed for me, going forward. What I appreciated the most about Willis and his team was that, in addition to their friendly, personable and professional approach, at no time was there ever any pressure to purchase any products.


I am very happy with the service I received from Willis and his team and would recommend Langford Financial to anyone looking for advice on their retirement planning needs. You will not be disappointed!

Naila Jinnah

Naila Jinnah
Fee-Only Planning Client

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