Planning Before Age 55 Blog Articles
- Jul 14, 2024
- Willis Langford
The Difference Between Stocks and 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%. . .
- Jul 13, 2023
- Willis Langford
13 Money Leaks: Fix These and Have More Cash For What Matters Most
Imagine flushing $5 bills down the toilet. You just would not do it. Yet, you flush away money every day in other ways. Just think of energy costs in your home without weather stripping around the doors and windows. How old are your. . .
- Jun 04, 2022
- Willis Langford
Inflation and The Impact It Has On Your Portfolio
The big story of 2022 has been inflation. I recently checked the price of a hotel in Kalispell, MT for the month of July and the mid-week nightly rate at The Hampton Inn would set me back more than $500/night. A bag of avocados has more than. . .
- Sep 17, 2021
- Willis Langford
9 Questions Answered about RESPs
9 Questions Answered About RESPs One of the greatest gifts we can give our kids is to help them kick off the first phase of their adult lives not drowning in debt. That’s what an RESP is for. It might not cover everything, but it’s. . .
- 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. . . .
- Jul 14, 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. . .
- 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. . .
- 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. . .
- Apr 10, 2018
- Willis Langford
How To Rob A Bank
Some years ago (2012) we were celebrating being "debt-free" and contemplating our next financial move. We had a significant amount of equity in our house and were looking for opportunities to grow our wealth. We had already set up a "HELOC" (Home. . .
- Mar 26, 2018
- Willis Langford
The First Step to Getting Ahead Is Getting started
I remember it like it was yesterday. The credit card offers would come in the mail. “1. 9% for 6 months on balance transfers”. Nancy and I would quickly apply and then move our balance from our current Visa with higher interest over to the new. . .
- 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. . .
- Jun 15, 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. . .
- 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. . .
- 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). . .
- Sep 19, 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. . .
- Aug 31, 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,. . .
- Mar 26, 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 watch more than your words. Do you want your kids to have the same financial habits you currently have? Here are a few ideas on. . .
- 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. . .
- Oct 10, 2015
- Willis Langford
Do You Have The Right Kinds of Insurance?
We know the importance of life insurance. . . Over the past few years, we have delivered more than 3 Million dollars worth of cheques to clients. These cheques were the difference between which side of the poverty line some people would. . .
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