904-232-8760 www.wolfretirement.com MONTHLY RET IREMENT NAV IGAT ION
WHERE ARE WE NOW? Mid-Year Update
Early in my career as a retirement advisor, I learned that retirees don’t have weekends or summer breaks. On Monday mornings, I used to ask clients how their weekends were, and they would laugh and say, “Every day is my weekend!” I have got to say that sounds pretty nice, although I do still enjoy the anticipation leading up to summer vacation. My daughter Isabella is super excited to be on summer break. She’s looking forward to starting kindergarten in the fall, but for now, she’s thrilled to spend the summer attending a local camp with kids her own age. Her attending day camp brings back great memories for me as well. My wife Danielle is keeping busy over the summer too. She’s working hard every day, bringing crisis prevention and bullying awareness training to local, state, and corporate entities. She’s great
with everything she does; and with the current state of affairs, she is helping many families and children. On the investment front, I recently attended the annual conference of our investment partner FormulaFolios in Austin, TX. I joined approximately 100 fiduciary independent financial advisors from across the country who have hired FormulaFolio Investments on behalf of their clients to meet their investment needs. As a collective of more than 200 advisors, we have been entrusted by our clients with approximately $3 billion. As of the writing of this article, interest rates have risen over 3 percent to a four-year high. Interest rates are rising due to great expectations for growth and an improving economy. Higher interest rates are long overdue. This means a bumpy ride for stocks and some bonds, but it’s great for conservative savers to park a portion of their portfolio in principally protected investments and strategies. Higher interest rates are great for insurance and annuity companies. This environment makes it more economical for these companies to increase rates and benefits for new and existing products and investments. We are becoming more efficient with our portfolio management. These efficiencies, mainly on the technological side, have allowed us to reduce costs. 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.
These reduced costs will lead to fee reductions for clients. Many clients will see fee reductions of 10–20 percent annually. We will be in contact with you, our clients, to discuss and implement this great news of value and to thank you for your partnership with us. We’ve reached the halfway point of the year. Can you believe it? Where does the time go? Around this point in time, I like to reflect on what we’ve accomplished to date and also look ahead at what we have left to do. There’s a lot to consider, and I have a great outlook for the future. We truly appreciate all of our clients who have been with us not just this year, but every year. The longevity we share means that our clients really do become like family. Retirement is about balancing what happens in your personal life with the ebb and flow of the market as a whole. It can be stressful to do alone, so we’re glad to be here for you, helping you with retirement planning, answering questions about the ever-shifting market, and helping you plan for your future. Happy summer, everyone! May the second half of 2018 be as bright as — or brighter than — the first. –Adam Wolf, CPA, CFP ® 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.
Retirement is about balancing what happens in your personal life with the ebb and flow of the market as a whole. “
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.
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