Wolf Retirement Navigation - September 2020

Wolf Retirement Navigation - September 2020

RET IREMENT NAV IGAT ION

MONTHLY

4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224

4711 US Highway 17 Suite C-5 Fleming Island, FL 32003

As seen on:

September 2020

CELEBRATE ALL YOUR HARD WORK

Labor Day Is Meant for Anyone Who’s Earned It

While Labor Day often signifies the inevitable end of the summer season, the running joke in Florida is that it’s just a nice little break from work before getting back to basking in the extended summer weather we have down here! While Monday, September 7, 2020, may not be our last hurrah for summer fun, it’s still a day worth celebrating, and not just because it’s a great day for poolside relaxation and backyard grilling. Labor Day has become one of those holidays that everyone loves to celebrate, though they may not really understand why they’re celebrating it. It first appeared in 1882 when the Central Labor Union in New York City wanted to honor trade labor organizations, so they took a designated day off to celebrate their achievements. Over the years, several other states across the country began to follow suit. It wasn’t until 1894 that Congress passed an act to make the first Monday in September of each year a legal holiday, which was dubbed, “Labor

Day.” The holiday was created to honor and celebrate the social and economic achievements of all American workers and the hard work they did to help create a country with one of the highest standards of living and greatest opportunities in the world. It has since become a day that many workers, no matter what kind of job they do, look forward to celebrating. Labor Day stems from a history of appreciating the hard work the labor force does in this country. But if you’ve been one of the many people who loves to celebrate your extra Monday off, what does this holiday mean for you if you now get all your Mondays off? If you’re retired or approaching retirement, what does Labor Day mean now that you’re no longer laboring? Should you give up any excitement or traditions you’ve celebrated in years past? Does the holiday no longer apply to you? My outlook is this: When we really think about the true meaning behind Labor Day, it gives retirees just as much cause to

celebrate as anyone else. The history of the holiday is rooted in the sentiment that hard work deserves a day off; and if you think about it, retirement represents that exact same perspective. It’s something you work for. It involves putting time, effort, and dedication into a job you do, often for many years, until you reap the reward of the limitless days off you deserve. After working hard to take care of your family, retirement gives you the opportunity to focus more on yourself and what makes you happy. It’s the holiday that comes after the hard work; and if that doesn’t sound exactly like a Labor Day celebration, then I don’t know what does. Whether you’re still working or not, enjoy your time off this Labor Day. Enjoy a day of (safe) fun with family and/or friends and revel in the fact that you’ve earned this day of rest and relaxation. Even if you’re retired, you’re still supposed to celebrate this day, too, because it’s a testament to reaping the rewards of hard work. If you’ve planned for your retirement correctly, and worked hard every day to get to it, then Labor Day may, in fact, hold even more significance for you now than it might have when you were still a regular member of the workforce. So get out there and enjoy the Florida sunshine this Labor Day weekend. You’ve earned it. Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed Insurance and annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors. -Adam Wolf, CPA, CFP ®

When we really think about the true meaning behind Labor Day, it gives retirees just as much cause to celebrate as anyone else.

Investment Advisory Services offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Wolf Retirement Navigation LLC and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results.

Consult your financial professional before making any investment decision. This information is designed to provide general information on the subjects covered; it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Wolf Retirement Navigation LLC and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

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DO WHAT YOU LOVE AND KEEP YOUR BODY MOVING How HIIT Benefits People of All Ages

High-intensity interval training (HIIT) is one of the best ways to burn fat, build muscle, and give yourself a better chance at a longer, healthier life. HIIT workouts are characterized by brief periods (30 seconds to a few minutes) of high- intensity exercise, followed by periods of low- or moderate-intensity exercise. However, what makes these workouts truly remarkable is just how much they can benefit people in every age group. According to Mayo Clinic research, HIIT workouts provide unique benefits to the body on a cellular level. The brief, vigorous exercises actually increase your metabolism and improve the health of mitochondria, the powerhouses that create energy within the cells. By energizing your cells, you can actually reverse the decline in muscle health that occurs as people age. Energizing cells through HIIT benefits everyone, but these workouts can be of particular benefit to those over age 65. Seniors experience

equipment, and you can even see results from adding high-intensity intervals to daily walks. Those with health conditions, such as diabetes and heart disease, can still participate in HIIT. In fact, Healthline reports that HIIT workouts can reduce heart rate, blood pressure, and blood sugar. However, the biggest draw to HIIT exercises is just how much of a timesaver they are. A few minutes of high-intensity movement can be just as beneficial as roughly 45 minutes of moderate-intensity exercise. You can incorporate HIIT exercises into whatever activities you enjoy, such as walking, cardio exercises, and strength training. If you’re affected by weak joints, you can incorporate HIIT into lower impact exercises, such as swimming or cycling. If you want to feel energized while doing the things you love, then HIIT just might be something you want to try. Just remember to keep a steady pace and don’t overdo it!

diminishing returns on energy produced by their bodies at a cellular level, and HIIT has been shown to reverse that process even in advanced age. HIIT workouts also have many other advantages for people of all ages. The exercises don’t necessarily require any

The Beginning of Happily Ever After CONGRATULATIONS, ANDREA!

give up, so she rekindled the conversation. Four years later, she knows that was one of the best decisions she’s ever made. “We’re compatible because of both our similarities and our differences,” Andrea says, smiling. “We fit together and challenge each other, and it’s been so inspiring to watch Malcolm achieve the goals he set out to accomplish. In four years, he’s pushed himself through school and into a successful career and has also been an amazing dad to his two daughters. I’m so lucky I get to become a part of their family.” Their engagement story is another one Malcolm can add to his list of goals achieved. As an avid Disney fan, Andrea has missed going to Disney World during its closure, so when Disney Springs opened back up, she planned a weekend getaway for just the two of them. “We were settling into our resort room when there

was a knock at the door. It was my mom and sister! They told me they decided to take a road trip and wanted to stop off to see us, but the r eal reason they were there went right over my head at the time.” As the group walked through Disney Springs and across the bridge near the boathouse, Malcolm suggested he and Andrea take advantage of the serene location for a photo. “By that time, I was finally starting to get a little suspicious,” Andrea admits, smiling even bigger now. Sure enough, as they posed for the picture, Malcolm got down on one knee, and it really did turn out to be a “picture- perfect” kind of Kodak moment. Wedding bells will ring in early 2022, and they are already planning for a beautiful rustic countryside celebration. Congratulations, Andrea and Malcolm! We can’t wait to see what your future together holds!

For nearly four years now, Andrea has been the point person for all of our clients. She’s the one who answers their calls when they need us and greets them every time they walk through our doors. And around the same time she started with us, Andrea met Malcolm, who is now her fiancé. The two first connected when Andrea and her friends decided to brave the online dating scene together. She and Malcolm messaged each other for a while, but then there was a lull, as life got in the way. Andrea, however, has never been one to

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Medicare Open Enrollment Begins October 15 Review Your Plans and Options With Us

Medicare season is about to begin! The annual open enrollment period to apply for Medicare is October 15, 2020, through December 7, 2020, so make sure you mark your calendars accordingly.

coverage — whether it’s Original Medicare with supplemental drug

Use this time to review all your existing retiree health benefits, including your Medicare supplement plan and benefits like dental coverage. Wolf Retirement Navigation offers its clients a complimentary annual drug and policy plan review, so you can expect a personal call from Mike Harper during October to update your medical information and discuss your options going forward. If you have not had us review your plan in the past, please call us and talk with Mike. In addition, if you have not turned 65 yet but expect to soon, we are here to help navigate your plan options at any time. Finally, visit a trusted site like MedicareResources.org to learn more valuable information about your options.

coverage or Medicare Advantage — and make any changes to their plans that will go into effect starting January 1, 2021.

This is the time when Medicare plan enrollees can reevaluate their

During this annual enrollment period, you can:

• Switch from Original Medicare to Medicare Advantage, or vice versa

• Switch from one Medicare

Advantage plan to another or from one Medicare Part D (prescription drug) plan to another • Enroll in a Medicare Part D plan if you didn’t do so when you first became eligible, although a late penalty may apply

SUDOKU

Who says a loaded potato has to clog your arteries? In this healthy version that serves four, a sweet potato base is topped with fiber-rich bean salsa. Inspired by EatingWell.com

INGREDIENTS

• 4 medium sweet potatoes • 1 15-oz can black beans, drained and rinsed • 2 medium tomatoes, diced • 1 tbsp olive oil • 1 tsp cumin

• 1 tsp coriander • 3/4 tsp salt • 1/4 cup sour cream • 1/4 cup fresh cilantro, chopped

DIRECTIONS

1. With a fork, prick each sweet potato a few times. Microwave the potatoes on high 12–15 minutes, or until cooked through. 2. In a microwave-safe bowl, combine the beans, tomatoes, olive oil, cumin, coriander, and salt. When the potatoes

are done, microwave the mixture on high for 2–3 minutes. 3. Cool potatoes slightly, then cut each potato open lengthwise. Pull the halves apart to create space to spoon the warm bean salsa inside. 4. Add a scoop of sour cream to each potato, garnish with cilantro, and serve!

Solution on Page 4

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904-232-8760 www.wolfretirement.com 4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224

INSIDE

Solution to puzzle on Page 3

• Celebrate Labor Day to the Fullest PAGE 1

• How HIIT Benefits People of All Ages PAGE 2

• An Engagement to Celebrate PAGE 2

• Get Ready for Medicare Open Enrollment PAGE 3

• Easy Stuffed Sweet Potatoes PAGE 3

• Did You Know Lucille Ball Saved ‘Star Trek’? PAGE 4

BEAM ME UP, LUCY

How Lucille Ball Saved ‘Star Trek’ in the 1960s

Did you know that Lucille Ball — the iconic comedian best known for her 1950s show “I Love Lucy” — is the reason “Star Trek” exists today? Ball was a Hollywood force in the ’50s and ’60s, and she produced hit after hit with her production company. In fact, Desilu, co-founded by Ball and her then-husband, Desi Arnaz, was responsible for hits like “The Andy Griffith Show” and “The Dick Van Dyke Show.” The two were

in the industry. In 1963, one of Desilu’s biggest hits was coming to an end. “The Untouchables” was a crime drama starring Robert Stack. Ball needed a replacement, and two potential shows hit Ball’s desk: “Star Trek” and “Mission: Impossible.” In 1965, Ball took the pitches to her longtime network collaborator, CBS. They said no to “Star Trek” (but yes to “Mission: Impossible”), but Ball wasn’t about to give up on this new science

“The Cage,” was a disappointment. NBC executives weren’t about to put it on air, but they decided to order a second pilot after Ball agreed to help finance it. The second pilot starred William Shatner as Captain Kirk, and he was joined again by Leonard Nimoy as Spock. NBC executives liked what they saw. The new pilot, titled “Where No Man Has Gone Before,” was put on NBC’s fall schedule, though it wasn’t the first episode aired on NBC. That honor went to the episode titled “The Man Trap,” which aired on Sept. 8, 1966. While Gene Roddenberry’s original “Star Trek” only lasted three seasons, it went on to become a major TV and film franchise. One of its recent iterations, “Star Trek: Discovery,” is about to enter its third season on the streaming service CBS All Access — all because Lucille Ball saw potential in a little show back in 1965.

partners in the company until their divorce in 1960, and in 1962, Ball took over Arnaz’s share. In that moment, Ball became one of the most powerful women in Hollywood, and Desilu, one of the biggest independent production companies at the time, had a lot of pull

fiction show, so she took it to NBC. The

network was skeptical at first but ordered a pilot.

The pilot starred Jeffrey Hunter as Captain Pike and Leonard Nimoy as Mr. Spock. There was no James T. Kirk to be found — not yet, anyway. The pilot, titled

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