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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
904-232-8760
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June 2022
HAPPY FATHER’S DAY Embracing My Father’s Trust Throughout the Years
Growing up, my dad gave me the typical responsibilities geared towards childhood learning and thriving, such as working with him in the garden, cutting grass, and taking on daily chores. And, just like many fathers do, my dad tacked on more responsibility as I grew older. My list of chores got more extensive, the intensity of the expectations grew larger, and I spent more time getting them done. It wasn’t until I was an adult that I was really able to appreciate that behind all of this responsibility lay intangible trust. My dad was trusting me enough to increase the responsibility — and what a compliment this was, coming from such a successful, respectable, and inspiring man. I didn’t quite see this trust and the motive behind the responsibility back then, but as the years went by, I realized my dad trusted me, and that was the best feeling in the world. The trust my dad placed in me was particularly evident 22 years ago. I started my career working for a CPA firm in 2000, and my dad allowed me to prepare his tax return — what an honor it was!
of my clients, we developed a retirement plan, customized for him according to his short- and long-term goals. Over the years, I’ve seen just how much and how often retirement changes. Not only is every individual’s retirement different, it’s dynamic for everyone. My dad became bored six months after leaving his career, so we needed to alter and tweak his retirement plan as he started this new chapter, a practice that is common with many folks. He always had a fond interest in anything and everything having to do with food and wine, so he attended culinary school! From there, my dad secured jobs at restaurants, working behind the scenes in kitchens, his happy place. My dad’s experience is a constant and personal reminder that I must be available and readily accessible to discuss changes with my clients at any given time. We never know where life will take us. As for my dad, after 10 years in the kitchen, he now focuses largely on health and wellness, and he enjoys bicycling, walking, traveling, and admiring the splendors of life. It’s an honor and a privilege to walk side by side with my dad as he navigates his retirement years, knowing that I’ve prepared my dad well, just as it’s an honor and a privilege to walk alongside my clients. Families are centric in the Wolf Retirement Navigation business model, and I find so much value and gratification in always being accessible and present whenever my clients need me. To all fathers, father figures, and those in the parenting role, have a wonderful and memorable Father’s Day! From one father to another, may we take time to reflect on our own fathers, grandfathers, and others who have provided a fatherly role in our upbringing, and may we continue the tradition with our own children and grandchildren. Happy Father’s Day!
In the process, I was even able to find him some deductions to help him save money; and, from that day forward, my dad’s trust in me continued to grow. As a son, having the trust of your parents, especially your dad, is the greatest feeling. I continue to prepare my father’s tax returns annually, and it is still an honor. Thirteen years ago, my dad retired as an engineer for AT&T, and I was happy to assist him once again. Just as I do for all
-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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Things to Know Before Spending Your Golden Years Abroad SAY ‘CIAO!’ TO TRADITIONAL RETIREMENT
Retirement is what you make it, and the possibilities are endless. For many Americans, that has meant selling their possessions, packing up what they have left, and moving abroad. In some cases, an international retirement can be more affordable and provide better health care options. Plus, the opportunity to explore a new region is enticing. Others worry about being away from family, navigating foreign rules, and dealing with language and cultural barriers. If these obstacles don’t scare you away, an international retirement may work. Here’s how to prepare for it.
Review your wants versus your needs. Who doesn’t love a tropical vacation, but do you really want to live there permanently? Tropical spots also include hurricanes, bugs, humidity, and lots of sand and water. Rather than packing up and moving to a new country outright, spend a few months in the place you want to call your new home. If you can live with the good and the bad, it’s the spot for you! If not, try somewhere else until it feels right. Monitor your comfort level. It’s difficult to ask your neighbor for flour when you don’t speak the same language. While it’s true that many countries have
Consider the monetary challenges. In many cases, retiring abroad can be preferable due to lower costs of living and affordable health care. Plus, you can receive and deposit Social Security overseas. However, there are a few hurdles. For instance, you could end up paying taxes to the
numerous English speakers, you may run into situations where communication or customs are difficult. You should learn the basics of your new country’s language and be prepared to be more independent. Until you find a community in your locale, you may not have the same support you have back in the states. As with all your plans for retirement, consult with a professional to determine if an international retirement is right for you. And if it is, then bon voyage!
U.S. and your new country, which means a double tax. You will also have to transition to a completely digital banking system and understand how your new residence may impact your American-based assets.
How to Recognize the Early Signs of Alzheimer’s and Dementia ALZHEIMER’S AND BRAIN AWARENESS MONTH
June is Alzheimer’s and Brain Awareness Month, a time when we come together to raise awareness and show support for millions of people around the world living with different forms and stages of dementia. According to the Centers for Disease Control and Prevention (CDC), in 2020, roughly 5.8 million people in the United States were living with Alzheimer’s, the most common form of dementia. Alzheimer’s is a progressive disease in the part of the brain that controls thought, memory, and language that, in the beginning stages, presents itself as a mild case of memory loss that disrupts life, then evolves into more serious symptoms, including the inability to carry on conversations and respond to stimuli. Alzheimer’s greatly affects a person’s ability to carry out day-to-day responsibilities and activities. Some of the early signs and symptoms of Alzheimer’s include: Memory Loss • Easily forgetting information you just learned • Losing track of important names, events, and dates • Forgetting big events • Telling the same story over and over Trouble Problem Solving and Planning • Difficulty making plans and sticking to them • Trouble following a cooking recipe
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Difficulty concentrating on tasks
• Trouble tracking bills and balancing a checkbook Challenges With Daily Tasks • Challenges driving to a location or following directions • Forgetting tasks at work or home • Forgetting rules to games Confusion With Times • Feeling disoriented • Easily getting confused or lost over simple things • Forgetting where you are or how you got there Changes in Vision • Difficulty reading words on a page • Trouble perceiving distances • Trouble with vision when driving • Difficulty seeing certain colors The early signs of Alzheimer’s and dementia can be extremely subtle. If you or a loved one notices any concerning changes in you that may point to forgetfulness or confusion, don’t wait! See your doctor right away!
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2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island
SPOTLIGHT CLIENT
GET OUT AND EXPLORE Mike and Leila Share Their Passion in Life
Mike and Leila purchased their first RV in 2016 and never looked back. It was a small 14-foot travel trailer and had just enough room for a small bathroom, a tiny kitchen area, and a bed. At the time, Mike and Leila had two German shepherds, and you’d better believe they traveled with them from Florida all the way to California! When the dogs lay down at night, they took up all of the floor space. It was a small trailer, but it did the job. In 2020, Mike and Leila upgraded to a 24-foot fifth wheel RV, and, by this time, they had lost both of their dogs. “It’s big enough for the two of us,” Mike and Leila explain. “The layout is great, and we have a bedroom, closets for storage, and we even have a stove in the kitchen!” There’s plenty of sleeping space, as the dinette and couch convert into beds. “Our two primary destinations are either to Michigan or California. We both are from Michigan, and we visit often for reunions. With the exception of our very first trip to California from Florida in 2016, we’ve never taken a direct route. We make many stops along the way,” Mike and Leila tell us. They’ve developed lots of interests throughout their travels, stopping at airplane museums, car shows, and boat locks. They’ve visited many
national parks, toured the Grand Canyon, explored the Petrified Forest, and adventured in the Painted Desert. Mike and Leila also explored Eureka Springs, Meteor Crater National Landmark, and Bryce Canyon. Their adventures don’t stop here. RVing and touring the country continue to be passions of Mike and Leila. “Purchasing an RV isn’t an investment in money,” they explain. “It’s an investment in experience, as it affords you the opportunity to get out into the country and see things that you wouldn’t be able to access otherwise. Unfortunately, when you retire, your world sometimes can get smaller. While you’re young, healthy, and able, seize the opportunity to get out and travel and gain these experiences.” For anyone interested in purchasing an RV, Mike and Leila recommend that you rent one first to try it out and see if it’s for you. If you enjoy it as much as they do, it’ll forever change the way you view the world! If you have a hobby, experience, story, passion, or even pictures to share with other Wolf Retirement Navigation clients, please let us know! We’d love to feature you! Give Andrea or Robin a call at 904- 232-8760 to schedule a conversation. You do all the talking, and we do all the writing!
Take a
Break!
BROCCOLI AND GRAPE SALAD
Inspired by EatingWell.com
INGREDIENTS
• 3 1/2 cups small broccoli florets • 1/2 cup red onion, chopped • 1/4 cup plain Greek yogurt • 3 tbsp mayonnaise • 1 1/2 tbsp apple cider vinegar
• 1 1/2 tbsp honey • Salt and pepper, to taste • 1 cup seedless grapes, halved • 1/4 cup sliced almonds
DIRECTIONS
1. In a medium pot, bring water to a boil. Add broccoli and onion, cooking until the broccoli is tender. 2. Once broccoli is cooked, drain water and add the vegetables to a bowl filled with ice water. After 2 minutes, drain water and pat vegetables dry. 3. In a medium bowl, combine yogurt, mayonnaise, apple cider vinegar, honey, salt, and pepper. 4. Fold in the broccoli mixture, grapes, and almonds. Serve immediately.
Solution on Page 4
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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
Solution to puzzle from Page 3
INSIDE
Happy Father’s Day PAGE 1
Is an International Retirement Right for You? PAGE 2
Alzheimer’s and Brain Awareness Month PAGE 2
An RV Extravaganza PAGE 3
Broccoli and Grape Salad PAGE 3
Move Over, Wordle PAGE 4
5 Free Games to Exercise Your Brain BORED WITH WORDLE? TRY THIS
If you’re one of the 300,000 people who play the vocabulary-themed guessing game Wordle every day, we have good news: There are more online games just like it! Wordle went viral in October 2021. Although few people know it, the game actually started with romance. Software engineer Josh Wardle (yep, that’s where the name “Wordle” comes from) created it for his partner, Palak Shah. According to NPR, Palak loves word games — so to keep her entertained during COVID-19, Josh made her one! In January, he sold it to The New York Times for more than $1 million. Guessing the word of the day in six tries is addicting, and so is sharing your success on social media. But that spark might not last forever. To avoid total Wordle burnout and/or keep the fun going between daily puzzles, try these five other online games that also involve words, guessing games, or both. Quordle: Wordle masters love Quordle, which is the same basic game — except you have to guess four words at once on four different boards. You have just nine tries to solve the four daily puzzles, so bring your A game! Try it at Quordle.com.
Star Wordle: As you probably guessed, this is Wordle for “Star Wars” fans. The process is the
same as with normal Wordle, but all of the five-letter words come from the “Star Wars” books and movies. Test your knowledge at StarWordle.com.
Nerdle: Love words and math? This is the Wordle spinoff for you. Instead of guessing a word, players try to fill in a daily math equation and solution. Solve them at NerdleGame.com. Worldle: Leaving words behind entirely, in this game you guess the name of a country or territory from its outline! You have six chances, and each time you miss one, the game will give you more information about where the country is located relative to you. Play now at Worldle.teuteuf.fr. Words With Friends: This isn’t a Wordle spinoff, but if you’ve never played it, you’ll probably love it! Words With Friends is basically Scrabble for just two players, and you can play online or over the app. Like in Scrabble, you compete to score the most points. Spell those long words and win at WordsWithFriends.com.
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