Wolf Retirement Navigation MARCH 2018

904-232-8760 www.wolfretirement.com MONTHLY RET IREMENT NAV IGAT ION

March 2018

MAKE YOUR OWN LUCK How to Tell the Future … Without a Crystal Ball

Be Prepared

There is a crystal ball in my conference room. I use it to peer into the future to determine exactly what the market will do when I help my clients plan for their retirement. I’m kidding, of course. If I knew what the market would do, we’d all be relaxing on our own private islands. Planning for retirement does demand foresight, though, and my crystal ball acts as a reminder that there’s only one way to know what your future will hold: You have to plan for it. A lot of people look at those who are living their dreams and say, “Wow, aren’t they lucky?” You can be lucky too! No one is predestined to be lucky or have a great retirement. I believe it’s a person’s attitude and life choices that create “lucky” outcomes. Here are a few ways to make your own luck.

Speaking of the market, since 2017 was such a great year, it’s a good idea to recalibrate your overall plan now. After years of record-breaking increases, do you know what you’d do if it all went south? Some people would only be able to curse their bad luck. However, other people might be able to remark on how lucky they were to have a plan that saved their accounts even as the market dropped. The best examples of luck often occur when we are prepared to take advantage of a great opportunity. If you want to be lucky, you have to make it a point to educate yourself, reach out to experts, and give yourself the resources to have the best chance of success. Lucky people never say, “I’m waiting for my ship to come in.” A lucky person does the hard work and builds their own ship. Retirement can be seen as a waiting game as you count the days until you can finally kick back and relax. But you can’t sit around doing nothing and expect there to be a pot of gold at the end of your retirement rainbow. You have to be proactive and ready to make decisions regarding your future. An expert is invaluable for making the best decisions Don’t Wait for the End of the Rainbow

possible. You can find a pot of gold, but it will only be a pot you built yourself.

Think Positive

Did you know lucky people believe they are lucky? Meanwhile, people who claim to be unlucky tend to experience more “bad luck.” This is because a person’s attitude often acts like a self-fulfilling prophecy. Lucky people don’t dwell on their bad luck, because spending time in regrets might cause you to miss the next opportunity to enjoy good luck. I don’t mean you have to be cheerful if the market takes a sudden downward turn and you’re worried about your retirement plans. You are free to respond reasonably to any unforeseen situation — though if you’d listened to step one and prepared, this kind of turn wouldn’t be cause for worry at all. We can’t rely on luck or four-leaf clovers to grant us our dream retirement. The only way to successfully read your future is by putting in the work and planning right. –Adam Wolf, CPA, CFP ®

The best examples of luck often occur when we are prepared to take advantage of a great opportunity.

www.wolfretirement.com | 1 a. 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. Pursuant to IRS Circular 230, 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 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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