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Retirement Income Planning, Calgary
  • Mar 14, 2022
  • Willis Langford

Retirement Planning Amid Chaos

I remember a haunting scene from a movie about the Nazi Invasion and its attempt to wipe out the Jewish people. There’s a gripping scene where 3 children are being torn from their father and the father begs the Nazi soldier to let his children. . .

Retirement Income Planning, Calgary
  • Feb 05, 2022
  • Willis Langford

Tips On How To Navigate Volatile Markets In Retirement

Why are financial decisions so difficult? Buying a new 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.   "Home prices could slump. . .

Retirement Income Planning, Calgary
  • Sep 14, 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 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. . .

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 21, 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 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 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. . .

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. . .

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. . .

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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.


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Naila Jinnah
Fee-Only Planning Client

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