Wolf Retirement Navigation - October 2021

Building Smarter Plans and Lifelong Partnerships

4230 Pablo Professional Court Suite 101 Jacksonville, FL 32224

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

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October 2021

Putting the ‘Golden’ in Golden Years

Plan Ahead to Make Life’s Goals Possible

strategies are unique to each individual or couple; and goals, needs, and risk assessments are all taken into account on an individual basis. Social Security benefits were never designed to be one’s sole source of income during retirement. Without a regular paycheck in retirement, it is necessary to create a consistent and sustainable income stream that is tax optimized. The goal is to continue to grow your savings while avoiding risks of all different types: market, credit, or investment. A successful plan is a plan that will avoid mistakes that could potentially penalize your savings from a tax perspective, which means more money in YOUR pockets, not Uncle Sam’s pockets. It is important to have a written plan in place to allow for flexibility and accountability in the event of a life-changing event such as death or divorce. No matter what life throws your way, we are here to keep you on track. We put together a concrete projection to help you achieve the ambitions of your golden years. The key to a relaxing and prosperous retirement is to plan ahead. Now is a specially good time to reach out to us (by year end 2021) if you have questions or concerns regarding required minimum distribution (RMD) calculations from tax-deferred retirement accounts or Roth conversions.

October is National Financial Planning Month and an opportune time to think about reviewing and planning your financial future. Here at Wolf Retirement Navigation, our wheelhouse is retirement planning, which covers a broad spectrum. It encompasses the time, usually five to seven years, prior to retirement and also the years during retirement, when plans need to be made, continually reviewed and updated. Planning for retirement starts much earlier than you may think. Beyond learning about proper saving techniques and a smart relationship with money, the true beginning is when folks are in their early 20s, working and earning a paycheck. That paycheck goes towards bills; and, hopefully, a portion goes into a savings account earmarked for retirement. This is the accumulation, or savings, phase. For many years, a person builds his or her retirement upon that nest egg. As a retirement-focused financial fiduciary, I concentrate heavily on the second phase — the distribution, or spending, phase — that takes place during retirement. After many years of compiling and contributing towards a variety of assets and future income stream sources, which can vary from person to person, it is time to decide how those funds should be spent and managed. At Wolf Retirement, we help our clients navigate the “how, when, and from where” to spend retirement funds, while keeping strategies in mind to reduce taxes. The first rule of retirement income planning is to never run out of money or sacrifice the lifestyle you created for yourself. The second rule is to never forget the first rule. Retirement distribution

Our doors are always open to review and/or update your retirement strategies so you can enjoy a happy and fruitful retirement.

-Adam Wolf, CPA, CFP ®

Investment Advisory Services offered through Coyle Capital, LLC, a Registered Investment Advisor. Wolf Retirement Navigation LLC and Coyle Capital, LLC 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.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any references to protection of benefits or lifetime income generally refer to fixed insurance products. They do not refer, in any way, to securities or investment advisory products or services. Fixed insurance and annuity product guarantees are subject to the claims‐ paying ability of the issuing company and not offered by Coyle Capital, LLC.

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Fresh Tips From the Laundry Room The Easiest Way to Clean Your Washing Machine

to maintenance. For example, front-loading machines have a rubber lip just inside the door where dirt and hair accumulate. Top-loading machines can collect the same amount of dirt in the softener dispenser. Regardless of the machine’s style, baking soda, vinegar, a rag, and hot water are the go-to tools for cleaning your washing machine. Start by running your machine on its hottest cycle for a few minutes, then pause the cycle. (With top-loading devices, you want a pool of water in the bottom of the machine after it’s paused.) Then, YouTube cleaning tutorialist Andrea Jean Cleaning recommends pouring 1/2 cup of baking soda and about 2–3 cups of white vinegar into the machine. (Bleach will work, too!) While the solution sits, scrub the door, detergent trays, and any lips where grime can hide. Then, simply close the lid, finish the cycle, and watch your machine clean itself!

Despite being designed to clean, your washing machine can be anything but. As water settles in the machine’s basin and detergent and grime cling to the edges, it can become a budding environment for mildew and gnarly smells. But with a few simple steps, your machine will mell and function like new. Why You Need to Clean Your Washing Machine The most common washing machines are top- and front-loading, and some do a better job of cleaning than others. However, the washing machine isn’t where germs and bacteria go to die. In fact, according to Reader’s Digest, many home washing machines don’t sanitize clothes, and numerous studies have found that these devices can transfer certain germs from one material to the next. However, by cleaning your washing machine, you can remove bacterial buildup, residue, and mildew buildup. (No more gross smell!) Furthermore, regular cleaning protects it from damage due to grime accumulation. How to Clean It Whether you have a front- or top-loading washing machine is a matter of preference, but it also matters when it comes

Get more washing machine cleaning tips from your device’s manufacturer.

DRUM ROLL, PLEASE!

INTRODUCING A NEW JAXPAL BOARD MEMBER: ADAM WOLF

through education, mental health support, athletics, leadership, and outreach programs. Through JaxPAL, the youth have opportunities to develop one-on-one relationships with the officers, ask questions they normally might not have the chance to ask, engage in meaningful conversations, and look up to positive role models. With sports programs, after-school groups, summer camp opportunities, leadership development, and outreach programs, JaxPAL provides a safe haven from the everyday realities of crime and violence for over 4,700 at-risk kids each year. When visiting the office, remember to congratulate Adam on this wonderful recognition and achievement as a JaxPAL board member, a role and position in which he is truly honored to serve!

are devoted to continuing to lend our full support to this amazing charitable organization. Through fundraising events, such as the recent two “29029” Everest Challenges, we raise awareness of the needs of these well-deserving children in our local communities. We have participated in mentoring and volunteering programs at the Westside Center year-round in addition to spearheading toy drives during the Christmas holiday season. We find happiness in bonding with these incredible children and reminding them just how very special they truly are. JaxPAL has five locations throughout the Jacksonville community, and all sites collaborate with the Jacksonville Sheriff’s Office. The organization enriches the lives of children by creating positive relationships between law enforcement officers and the youth of our community

Wolf Retirement Navigation is pleased to announce that our president, Adam Wolf, is now a proud member of the board of the Police Athletic League of Jacksonville, JaxPAL. For Adam Wolf, serving on the board means even more involvement with our favorite organization!

For the past seven years, we have enjoyed partnering with JaxPAL, and we

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2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

7th Annual Tony’s Turkey Trot KICKING OFF THE DAY IN A HEALTHY WAY

up and join our team. If you are interested, please contact Robin in the office for more information at 904-232-8760. The link to register is listed below. If you would like to participate from afar, it is possible to register for the Run at Home 5K, in which you participate virtually and still raise money for a great cause on Turkey Day. This traditional holiday event brings friends and family together to walk, jog, and run for a morning of fun and camaraderie! Don’t miss out! Join us today by registering and get active before the big meal! For event details and the link to register, please visit: RunSignUp.com/Race/FL/ AtlanticBeach/TonysTurkeyTrot

This Thanksgiving, come join us in warming up your hearty appetite for a good cause. The 7th Annual Tony’s Turkey Trot 5K, hosted by UF Health Jacksonville, raises awareness for traumatic brain injury. The race takes place on Thanksgiving Day, November 25, 2021, in Atlantic Beach, Florida, at 7:00 a.m. EST. By participating in this fun holiday event, you have the opportunity to assist in advancing lifesaving care during the critical early stages of brain injury and to support the holistic care of traumatic brain injury (TBI) survivors within our community. We invite you to join our team, Wolf Retirement Navigation’s Wolfpack. We have been honored to sponsor and participate in Tony’s Turkey Trot 5K for the past six years, and we would love to have all our clients and friends waddle as a team alongside us!

Wolf Retirement Navigation’s Wolfpack

Call Robin at 904-232-8760 for more information and to join our team!

We have four complimentary registrations available for the first four people who sign

SUDOKU

INGREDIENTS

• 4 cups chicken broth • 1 tsp smoked paprika

• 1 tbsp vegetable oil • 4 Italian chicken sausages, sliced to bite-size pieces • 6 cloves garlic • 1 onion, chopped • 6–7 cups butternut squash, peeled and cubed • Salt and pepper, to taste

• 1 tsp Italian seasoning • 3 cups kale, chopped • 1 tbsp red wine vinegar

1. In a large pot, heat oil over medium heat. Add sausage and cook 4–5 minutes, stirring often, then remove from the pot and set aside. 2. Add garlic and onion to the pot. Sauté 4–5 minutes. Add squash, salt, and pepper. Sauté 8 minutes. 3. In a slow cooker, combine sautéed vegetables, sausage, chicken broth, and seasonings. Cook on low heat for 3 hours and 30 minutes. 4. Open the pot and add the kale. Cook another 20 minutes, then add the red wine vinegar and stir to combine. Cook 10 more minutes, then serve and enjoy! DIRECTIONS

Solution on Page 4

Inspired by SugarAndSoul.co

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PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

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

INSIDE

Solution to puzzle on Page 3

• Make Your Golden Years Shine PAGE 1

• Wash the Washer the Easy Way! PAGE 2

• New JaxPAL Board Member PAGE 2

• 7th Annual Tony’s Turkey Trot PAGE 3

• Slow Cooker Squash, Kale, and Sausage Soup PAGE 3 • 3 Haunted Destinations to Visit This October PAGE 4

GHOSTS ACROSS AMERICA 3 Haunted Spots Every Ghost Believer Will Love

hauntings at the town’s historical society, Museum at the Friends Home, including a little girl who moves toys and sits on the porch. The society leans into the local fascination and hosts regular walking ghost tours and ghost hunting classes. Stay a while at Hotel Monte Vista in Flagstaff, Arizona. Guests at Hotel Monte Vista have often enjoyed long stays at the downtown Flagstaff, Arizona, hotel, but not everyone leaves. Constructed in 1927, the hotel is host to a number of reported ghosts. The most well-known is an elderly woman who would spend hours rocking in the chair in her room. Today, her chair can be found moving on its own. Another popular visitor

is the ghost of a bellboy who knocks on doors and announces that room service has arrived — only, no one’s there. Is there a monster in Pine Barrens, New Jersey? This one’s for those who love mysterious creatures. Pine Barrens is a mass of forested land that spreads across seven counties in New Jersey — and its most famous resident isn’t human. The Jersey Devil has a long, storied history and is said to be a combination of many animals: Its body is shaped like a kangaroo with wings. It has the head of a dog but the face of a horse. The creature is believed to have had a sickly start to life in 1735 and has stayed to haunt the forest’s inhabitants and even those who visit the area today.

October is one of the best months for travel in the U.S. With mild temperatures and gorgeous, colorful leaves everywhere, there’s no better time for a cross-country road trip. Add some Halloween flair to your October vacation with these three ghostly attractions. Visit the most haunted town in the U.S. — Waynesville, Ohio. Sure, New Orleans may have a spooky past, but it doesn’t compare to Waynesville. Many residents and visitors think this Ohio town is rife with ghosts. You may hear cries to “hurry up” at The Hammel House Inn, where many tunnels for the underground railroad came through, or you could see the apparition of a businessman from the 1800s who “never checked out.” Other sources report

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