4 Must Have Pre-Retirement Funds

Calgary Cash Flow Specialists

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 Funds that really make a difference in our lives. There are 4 that we cannot live without. If your'e not sure what you will do in retirement, why not start practicing now? 

A few years ago I bought a one way ticket to Seatle, WA. I stuffed the $7700 I had been saving up into my coat pocket. It was a little weird when the customs officer asked if I was traveling with more than $10,000 in cash. When I got there that Sunday afternoon I rented a car and booked myself into a cheap motel. I then started on the task of finding a second hand truck and motorcycle. The next day I bought a Mazda B2200 truck for $1800 and then the next day I bought a Vulcan 900 for $5500. With some help, I loaded the Motorcycle unto the truck and drove home. I not only enjoyed the vehicles, but I have an awesome story as well. I did this when the Canadian dollar was fetching an additional 10% of US dollars. I was able to take advantage of a window of opportunity.

1. Opportunity Fund - No, a 1/2 price sale at Value Village does not qualify! I'm thinking opportunities to make money, go on a trip or take advantage of those once in a lifetime experiences. Just think of how many opportunities you let pass by because you didn't have the time or the money or the guts to jump on it. Stop living life with so many regrets. 

2. Fun Fund - All work and no fun leads to constipation and constipation leads to more bran. Whatever you like doing, whether it's travelling, eating out or back packing around Saskatchewan create a fund for doing this and make sure you can access that money guilt-free.

3. Emergency Fund - It's not a matter of if, but when, an emergency is going to makes its un-welcomed presence known. Car problems, broken pipes or broken teeth. These emergencies can have a devastating effect on our finances and our peace of mind. Often, when we are helping clients restructure their debt it's usually the case that most of the debts are a result of unplanned emergencies. 

4. Generosity Fund - How many times have you not given your time or money because you didn't have any to give? "We make a living by what we earn, we make a life by what we give". That quote by someone has always stuck with me. Why not fill a jar with money for the purpose of giving it away...interesting, a man just came up to me asking for $2...he came at an opportune time.

We like the "Advantage Account" offered by Manulife Bank for any of these funds as it pays a 1% dailly interest.

It's your money and it's your life. Do what you want with it, not what someone else thinks you should do with it. Life comes with a 100% death rate - no one gets out alive. I want a memory book at my funeral with my friends, family, experiences, adventures, motorcycle trips, mission trips, golf tournaments, graduations, camping trips and fails in it, not some flowers. Life is for living and money is a tool for helping us live it to the fullest and helping others along the way.

Want to retire in the next few years? Find out why a Retirement Income Plan is necessary.

Retirement Income & Investment Advisors,

Willis & Nancy Langford

Everyone Needs and Deserves a Written Quality Retirement Plan

Your Trusted Advisors Newsletter - Subscribe now!

* indicates required
Age Category

Share This Post:

Related Posts

Latest Testimonial

My wife and I realized a long time ago the value of a financial planner over just a bank representative. We just felt like a number to the banks as every year it seemed we saw a different adviser with a different view. But finding a trusted, knowledgeable and personable financial planner took a lot of time and effort. It just seemed, so many large corporate Financial Planners were more concerned about what they could make off of us rather than what they could make for us.
What we wanted, was not just reasonable returns now, but good personal advice in our preparation for retirement and what happens when retirement actually arrives. We wanted someone who would be walking with us, guiding us on our way to retirement.
From the first time, we found the web site for Langford Financial Inc, we could see the knowledge of Willis and Nancy and a real effort to educate and pass on their knowledge through seminars, workshops and their personal service. Once I reached out through their web site for more information, Willis was quick to respond, offering and giving whatever information I was looking for and never was there pressure to commit to anything.
The feeling of comfort and ease when talking with Willis was inviting enough for us to want to meet with Willis and Nancy, just to see firsthand if there was a connection and what working with them would look like.
And when we did meet for the first time, that feeling of comfort and ease was very evident. It was a unique experience for us to be able to sit down and get to know a financial planner (or a team of both Willis and Nancy) and not have any sales pressure on us. Just getting to know Willis and Nancy was important for us. We needed to be comfortable with them and see their competence in the business, and it was obvious that Willis and Nancy wanted to know us better so they could know how best to help us.
Once we decided to move our accounts over to Langford Financial, we found their process was comforting and refreshing as Willis and Nancy first worked at evaluating our complete situation. They dug down to get a complete picture of where we were at, where we wanted to be and how to get there. This took some reflection on our part but once we saw how they put it all together in our “Financial House In Order” binder, we were confident we made the right decision to go with Langford Financial.
Since the time we started working with Willis and Nancy I have attended many of their seminars and can say the information they have been teaching has been amazing. Always relevant, and consistent with their desire to help those coming up to retirement, and covering so many different situations as everyone has a different life situation. I know more than one of the tax-saving strategies they taught at their seminars will work for my wife and I, so we are very happy about that.
We would definitely recommend Langford Financial, not just for all your retirement planning needs, but they have great ideas on savings for your grandchildren too!
Paul and Elaine Radder

Paul & Elaine Radder
Long-term Clients

Contact Us

Questions? Comments? Call us today at 587-755-0159 or fill out the form below:

Have Questions? Call Us Today At

Call Us

Join Our Newsletter