Retirement Income and Investment Planning Blog Articles

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Reverse Mortgages, Calgary
  • Sep 21, 2021
  • Willis Langford

Reverse Mortgages and Other Alternatives To Accessing Retirement Cash Flow

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

Retirement Income Planning, Calgary
  • Sep 18, 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 go out of their way to say that, "Retirement is all we do".   The truth is there is a difference between retirement planning and retirement income planning, but what. . .

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
  • 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 01, 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. . .

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. . .

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 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
  • 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 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. . . .

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 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. . .

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
  • 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. . .

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. . .

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. . .

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