Law Offices of Prosper Shaked - June 2020

www.ProsperLaw.com (305) 690-0244

June 2020

Make Impactful Father’s Day Memories Activities for Bonding With Your Dad

Dads do a lot for the family, and given what we’ve all recently gone through, they deserve our appreciation nowmore than ever. A dad’s role includes providing, teaching, and even disciplining when they need to. To top it off, they act as a hero to their kids at the same time. So to make Father’s Day count this year, you need to think outside the box —or in this case, the home. Remember though, it’s not about the gift you give but about showing your appreciation and making memories. So here are some fun activities you two will cherish for years.

GRILL WITH YOUR DAD.

If your dad normally handles the grill whenever the family comes together, tell him to step aside this Father’s Day. Grilling your dad’s favorite meal is a fun way to enjoy each other’s company and bond over a shared passion for cooking. To ensure the meal is a success, in the weeks prior to the holiday, ask him what his favorite meal is and how he prepares it. Then, bring over all the necessary supplies so he doesn’t have to provide anything. After you’ve finished eating, ensure he can still relax by cleaning the grill and washing all the dishes yourself.

CHECK OUT HISTORICAL SITES.

a karaoke night or jam session might give him the best Father’s Day he’s ever had! Invite the entire family over (or bring everyone together over a video call) to do their best Steven Tyler impression. Organize all the music according to your dad’s favorites. To really impress him, do some prep work beforehand to have his favorites tracks queued up. The best part, though, is that since you’re hosting, he doesn’t have to worry about cleaning up afterward! If you have any great Father’s Day ideas, let me know the next time we talk. My dad and I are always looking for new ways to spend the day together.

If your dad loves history, then you’re in luck! Florida is steeped in culture and historical events, so there’s plenty for you to explore. For instance, St. Augustine is host to the oldest fort in the United States, Castillo de San Marcos. If you’re looking for an adventure, then you need to see Stiltsville. Rent a boat and view interesting structures that once hosted wealthy and influential tourists in the 1930s. If you’re looking to double up on your fishing and history knowledge, the Overseas Railroad in the Florida Keys was built in the early 1900s and still stands today.

TAKE HIM FISHING.

It doesn’t matter if either of you are expert fishermen or not; fishing is a great way to make quality memories. If your dad’s an expert, this is a perfect time to bond as he shares his techniques with you. If he’s a novice fisher, it will be an adventure you both cherish for years as you teach each other how to fish! Even if the fish aren’t biting on Father’s Day, this time will give you the opportunity to have heartfelt conversations you both will enjoy.

ROCK OUT TO HIS FAVORITE BANDS.

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If your dad is a long-standing member of the “KISS Army” or is an Iron Maiden fan, hosting

ABOUT TO RETIRE? CONSIDER THESE LOW-RISK, HIGH-RETURN INVESTMENTS

As you age, it’s wise to make some changes in order to stay healthy, like your diet or your workout routine. Likewise, your portfolio should be adjusted to reduce risk and protect your financial health. After a bad turn in the market, it can take up to a decade to make your money back. If you want to retire in the next five years, then can you really afford that risk? Reducing your risk doesn’t necessarily mean missing out on high-return investments, though. Here are some low-risk, high-return investments to consider adding to your portfolio as you approach retirement. PEER-TO-PEER LENDING Otherwise known as P2P lending, this investment takes place online. Borrowers are matched with investors for loans that benefit both parties — lending without the bank. Your risk and potential returns depend entirely on which loans you choose to invest in. The two most popular P2P lending platforms are Lending Club and Prosper, and you can start investing in either platform with as little as $25. REAL ESTATE INVESTMENT TRUSTS When you invest in real estate investment trusts (REIT), you’re investing in mortgages or direct equity positions in various properties. When the stock market is in decline, REITs are a good investment because they’re not corrected with stock exchanges. Plus, their yield is usually higher than the dividends investors get from stocks.

FIXED INDEXED ANNUITIES When it comes to low-risk, high-return investments, fixed indexed annuities (FIA) are the most attractive option for retirees. In 2018, renowned economist professor Roger Ibbotson conducted research into the return history of inflation, U.S. Treasury bills, government bonds, FIAs, and stocks. Unsurprisingly, stocks offered the highest returns historically, but Ibbotson was surprised to find FIAs came in second, beating out bonds and conventional wisdom. Historically, these investments have produced great returns for individuals who are in retirement or who are about to retire. However, remember that everyone’s circumstances are different. Before making any changes to your portfolio, talk to your financial planner about your options.

TIMES THE OLYMPICSWERE CANCELED And the Postponement of the 2020 Tokyo Games

WorldWar II caused the next two cancellations. The 1940 Olympics were initially scheduled to be held in Tokyo. It would have been the first time the games were hosted by a non-Western country, but Japan forfeited the right to host when they invaded China in 1937. The games were then rebooked for Helsinki, Finland, but after Nazi Germany invaded Poland in 1939 and startedWWII, those games were scrapped as well. Since the fighting hadn’t ceased by the time the games were supposed to happen in Cortina d’Ampezzo, Italy, in 1944, the Olympics were canceled again. Though the Olympics have happened on schedule since the end of WWII, the United States has not always participated. In 1980, when the U.S. boycotted the Olympics that were held in Moscow, Russia, in protest of the Soviet Union’s invasion of Afghanistan, 64 other nations followed suit. However, those games still went on as planned and 80 countries participated. The fact that major global conflicts are the only other events that have been catastrophic enough to affect the Olympics might be distressing and elevate anxiety about our current global health crisis. However, it’s important to keep in mind that the Olympics have only been postponed this time, not canceled. We’ll still get to cheer on our favorite Olympians next year.

In late March, amid the global spread of COVID-19, the International Olympic Committee announced the postponement of the 2020 Olympic Games. They were slated to take place in Tokyo, Japan, this summer, but they will now happen in the summer of 2021. While this is an unprecedented decision, it’s not the first time that major global events have affected the Olympic Games or which countries participated. Since the inception of the modern Olympic Games in 1896, they have been outright canceled three times — 1916, 1940, and 1944. The first cancellation of the Olympic Games happened duringWorldWar I. The German Empire was supposed to host the games in Berlin, but by the time 1916 rolled around, Europe was deep in the trenches of WWI. Many nations had sent their athletes to fight in the war, so the games were canceled.

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TAKE A BREAK

TURN YOUR VACATION INTO A STAYCATION

3 Ways to Replace a Canceled Vacation

Vacations provide opportunities for families to spend time together in a relaxed environment, get away from the routines of everyday life, and create meaningful memories. If you’ve recently had to cancel a trip but still want to create the experience of a vacation for your family, then a staycation is just what you need. TRANSFORM YOUR BACKYARD When you’re trying to recreate a vacation, the outdoor areas of your home present a variety of possibilities. You can turn a sandbox into a relaxing beach, complete with a kiddie pool “ocean.” If you have trees, then set up a zip line or obstacle course. You can even stimulate summer brains with a scavenger hunt around the backyard with hidden clues in the dirt or bushes. The ultimate prize can be something you would have purchased on your original vacation, like a souvenir you can find online. CREATE A ‘FAMILY MUSEUM’ Many vacations include an educational aspect in order to enrich our understanding of the place we’re visiting, and museums are a great way to accomplish that. If you’re confined to the house, then teach your kids about your own knowledge and interests and encourage them to get creative and make their own contributions, too. Have everyone create art, take photos, or write about their prized possessions. Display these masterpieces around your home and let their creators take you on a tour. Learning more about one another builds meaningful bonds. BRING YOUR TRIP HOME You probably chose your original vacation destination in order to experience new and different cultures and activities. But just because you’re no longer traveling to that location doesn’t mean you can’t experience some of what it has to offer! Research popular local cuisine, activities, and history of the area, then create ways to experience them with your family. Cook a traditional meal, recreate a scenic location through photographs, or share a story about local lore and history. Your changed plans will no longer feel like a missed opportunity. Staying at home doesn’t mean your family can’t have the fun of a vacation. All it takes is a little creativity and innovation to build an experience that will bring your family closer together.

GRILLED BASIL CHICKEN AND TOMATOES

Inspired by TasteOfHome.com

You can’t go wrong with grilled chicken and tomatoes on a warm summer’s evening. It’s a simple recipe that packs a flavor punch.

Ingredients

1/4 cup tightly packed fresh basil leaves

2 tbsp olive oil

1 clove garlic

8 Roma tomatoes

1/2 tsp salt

4 boneless skinless chicken breast halves (4 oz each)

3/4 cup balsamic vinegar

Directions

1. For marinade: In blender, combine olive oil, garlic, salt, vinegar, and basil. Cut 2 tomatoes into quarters and add to mixture. Cover and process until blended. Halve remaining tomatoes for grilling.

2. In bowl, combine chicken and 2/3 cup marinade. Cover and refrigerate for 1 hour. Reserve remaining marinade.

3. Heat grill to about 350–400 F. Lightly oil grates. Grill chicken until internal temperature reads 165 F, about 4–6 minutes per side. Grill tomatoes until lightly browned, about 2–4 minutes per side. Discard remaining marinade.

4. Serve chicken and tomatoes with reserved marinade.

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(305) 690-0244 www.ProsperLaw.com Prosper@Prosperlaw.com 1160 Kane Concourse, Ste. 405 Bay Harbor Islands, FL 33154

INSIDE THIS ISSUE

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Make Impactful Father’s Day Memories

Best Investments for Retirees Have the Olympics Ever Been Postponed Before?

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Grilled Basil Chicken and Tomatoes 3 Enriching Staycation Ideas

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Help Local Nonprofits in Challenging Times

THE BEST WAYS TO HELP LOCAL NONPROFITS IN CHALLENGING TIMES

VOLUNTEER

Over the past several months, families, businesses, and nonprofits have had to navigate life in this challenging “new normal,” and it can be hard to support your favorite nonprofits when times are tough. Here are a few ways you can help these important entities, even when you don’t have resources to spare right now.

In a time of social distancing, volunteering may be discouraged, but nonprofits still need volunteers to operate. The good news is that many nonprofits need volunteers for positions that maintain social distance, such as driving. Food banks and kitchens need drivers to pick up donations or ingredients from donors and to deliver food to people in need, such as the elderly or those with disabilities.

DONATE

While many people donate generously during the holiday season, remember that nonprofits need donations throughout the year, and different nonprofits need different things. A monetary donation can often go a long way, but never feel obligated to give money, especially when your budget may be tight. Instead, consider cleaning out your closet. What clothes, shoes, or other accessories can you part with? What about dishware or small appliances? When you clean out your home and donate unused items, you benefit those in the community who need them most.

ADVOCATE

Even if you don’t have time or resources to give, you can become an advocate for important causes around your community. While it might not seem like much, sharing information about local nonprofits on social media can make a genuine difference. Nonprofits need exposure, which is greatly boosted through community support. Sharing useful information about nonprofits — or sharing their posts — increases their visibility so more people will take action.

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