Wolf Retirement Navigation July 2019

Wolf Retirement Navigation July 2019

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:

July 2019

The Next Summer Vacation Enjoying the Moment and Planning for the Future

T his month, I’m happy to report that my daughter Isabella has been having a great summer. She wrapped up kindergarten at the end of May. For the past few weeks, she’s been attending a summer day camp that she loves. Like most kids, she’s also really looking forward to celebrating the Fourth of July. We don’t leave town during the Fourth. The lines at the airport are long, and the traffic is too crazy. Instead, we spend the day on the beach and at the pool. There’s always a wonderful fireworks show; and afterwards, we light some sparklers. It’s a good time that always reminds me of what summer vacation felt like when I was a kid myself.

One thing no one ever tells you about being an adult is that summertime becomes less special. Once you’re out of school and in your career, there’s no more “summer” vacation. Sure, summer is a great time to go on vacation, but those long, lazy weeks of sleeping in or playing outside until the street lamps come on are gone forever. When you’re an adult, retirement becomes the new summer vacation. Part of what I enjoy about being a retirement planner is getting to hear about the plans my clients have for their retirement years. They travel all over, move closer to their families, or get active with the charitable causes they care about. It’s a privilege to be a part of helping those goals become a reality. The first part of 2019 has been pretty volatile in terms of the market, but reaching the midway point in the year gives us some energy and focus to take charge of the rest of the year. Going into the second half of 2019, I’ve been thinking about how we can better empower our clients to take control of their futures. I’m really excited to be launching new and complimentary workshops for our clients and their friends. These educational workshops 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.

will focus on presenting updated news and strategies to protect, grow, and save retirees’ money during their retirement years. Everyone has a vision for what his or her retirement life will look like. Knowing how to protect one’s finances is crucial to realizing those retirement dreams. an eye out for updates in upcoming editions of the newsletter, weekly email, or give our office a call and ask to be notified. Unlike when you were a kid, a great retirement takes a bit more planning than summer vacations. By working with so many great clients, I’ve learned that enjoying retirement isn’t always as difficult as people fear. It’s possible to work hard, plan and save for retirement, and still have time to watch fireworks on the beach with your family. If you are interested in attending one of our new educational workshops, keep

Part of what I enjoy about being a retirement planner is getting to hear about the plans my clients have for their retirement years. “

Here’s to a great summer, a strong close to 2019, and a happy Fourth of July!

-Adam Wolf, CPA, CFP ®

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

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.

2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

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BEWARE THESE RETIREMENT SPENDING MISTAKES COMMON FINANCIAL PITFALLS

T he bulk of retirement planning is spent discussing how you will save money in the years leading up to the end of your career, but that’s only half of the picture. Once you enter retirement, your focus shifts to the smartest way to divest your money for both your own enjoyment and your continued financial security. There are countless ways to wisely spend your nest egg, such as taking trips, providing for the education of your grandchildren, and more. However, this article isn’t about good ideas. Instead, let’s talk about some of the worst ways to spend your retirement funds.

vacationing options. In a world where you can book an Airbnb with just a few clicks, timeshares are poised to become a relic of a past age. Online Scams Hackers and cyberscammers love to prey on the elderly. As gross as it may sound, they know that older generations tend to be less tech savvy than their younger counterparts. You should be wary of online offers that look too good to be true. If you have even the slightest doubt, have a loved one take a look at the offer to ensure you’re not being scammed. Never provide your private financial >Page 1 Page 2 Page 3 Page 4

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