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HowWill You Feel Alive in 2021? All things considered, many good things came out of 2020. We can look back on the last year and think about all of the bad things that happened. Honestly, many unfortunate things did happen. But it’s easy to get wrapped up in the negative and to lose sight of the positive. Personally, I think it makes more sense to look at all the things we’re thankful for from 2020. As a realist, I prefer to live and work by taking action and consider what I have control over.
The other thing we can say about 2020 is that it took most of us by surprise. I know many of the new clients we brought on board in 2020 were in no way prepared for the pandemic. Early on, we had to deal with the sudden fall in the markets and the sudden increase in specific asset classes, all while facing a dismal return on many other types of investments. It was as close to a real roller-coaster ride as we could get. With 2020 firmly behind us, I want to talk about how I’m already working to make 2021 better. Better for you, our wonderful clients, better for our hardworking team, better for my incredible family, and better for myself. A lot of this comes down to one thing: taking control . You can take control of your retirement, financial future, portfolio, health, and fulfillment. First, we all need to commit to doing the things that keep us healthy. That includes healthy eating, consistent movement, and a great mindset and general attitude. Second, we all need a plan for our financial future that includes both income and investment management strategies. And third, to be fulfilled, we need to know what exactly fulfillment looks like. The reality is that this is different for every person. For some, fulfillment means spending more time with a spouse or family members. For others, it may be learning a new language or starting a new hobby. And then there are people who feel fulfilled when contributing to or volunteering with organizations that serve the less fortunate. Whatever fulfills you, it’s time to be more proactive and less reactive.
Of course, being proactive applies to all of the above — your health, finances, and fulfillment. With that in mind, let’s look at 2020 as a turning point and a catalyst as we take a hard look at our lives and determine if we’re on the path we really want to be on. It’s time to adjust our mindset and our actions so we can become the people we have the potential and desire to become. As I look inward, adjust my own mindset, and take action along these lines, my promise is to be more accountable to myself and everyone around me, from my family to my team to our clients. Life is a gift that should not be squandered but cherished. To cherish life, you have to be present and more attuned with and aware of everything that is going on around you. That is exactly the person I want to become in 2021. I want to be more ALIVE! Looking forward to the year ahead, here’s to being more alive — truly ALIVE — in 2021! Kelly Campbell
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Let That Fresh Air Fuel You
4 Tips to Make Getting Outside Easier
Hunkering down and waiting for the dark and chilly winter season to pass sounds pretty nice. But the reality is, if we deprive ourselves of time outside, we do ourselves a big disservice both mentally and physically. Staying indoors all day affects your energy and mood, which makes it hard to get anything done, so here are four easy tips to make it easier to get a little fresh air. 1. Make it a priority. Getting outside means making the conscious effort to do so. If you want to reap its benefits, you have to decide to make it a priority in your day-to-day schedule. If you make the act important to you, you have more motivation to actually do it.
studies have shown that natural light helps decrease your melatonin production, which means you feel ready to face the day sooner. So, set yourself a second alarm to head outside and take a quick walk around the block just after waking. Don’t even wash your face or grab coffee. Just get out there. 3. Take your work outside. If you’re working from home, take some work outdoors. Phone and virtual meetings are a great outdoor option, especially if you’ll just be an active listener and aren’t required to do any work simultaneously. Attach a note to your meeting reminders to get yourself set up outside five minutes before you start.
outside, but you easily get wrapped up in activities and overlook breaks, and these reminders are exactly what you need. Start with 10-minute blocks three times a day. If you stick to them, soon you won’t need a schedule to get outside anymore. Winter weather may be cold, but even when you’re bundled up under a jacket and scarf, just 5–10 minutes outside can do wonders for your mood and energy for hours.
2. Use mornings effectively. Waking up and getting the day started can be hard. But
4. Create a schedule. It might feel strange to set reminders throughout the day to step
HOWWILL YOU FIND FULFILLMENT IN 2021?
A New (or Old) Hobby May Hold the Answer
We talk a lot about health, wealth, and fulfillment. Going into the new year, this is the perfect time to think about how you want to be fulfilled in the coming months. January is also National Hobby Month. As people think about 2021 and setting goals, those goals often include trying new hobbies or getting back into old ones. Hobbies are not only fulfilling but also healthy, especially in retirement. They’re a way to have fun and a great way to spend time, whether by yourself, with your spouse, or even with the grandkids. There are many
studies that show hobbies extend your years and help you feel — you guessed it! — fulfilled. On top of that, new hobbies help keep your brain sharp as you learn and try new things. But here's one question that comes up from time to time: Can you, or should you, turn your hobby into an additional source of income? It could be as a post-retirement career (or part-time career), or as a simple extension of the hobby itself. Can you? Sure! Many hobbies translate well into part-time (or even full-time) work, depending on the hobby and what you want to get out of it. Should you? That’s entirely up to you. Some people find additional fulfillment in treating their hobby as a job. Others want to keep “job” out of the equation. Another thing to consider is that some hobbies are self-sustaining and, with a little work, pay for themselves and may put a little extra cash in your pocket along the way. One
common example is gardening. While most retirees don’t intend to turn gardening into a post-retirement career, you can get more than just fruits and vegetables from your efforts. For example, in retirement, people often expand their backyard gardens. They may turn their yard into a full garden space or they may invest in a greenhouse or two. When you have such a large garden, what do you do with all those fruits and vegetables? You can sell them at farmers markets or privately. Or you can also simply give back to the community. There are many options. Gardening is just one of many examples of hobbies turned into post-retirement careers. Other popular examples include photography, writing, teaching, baking, carpentry/woodworking, arts and crafts, pet care, antiquing, car restoration, and so on. If you’re thinking about jumping into a new hobby (or an old one), go for it! Even if you don’t turn it into a mini career, it’s a great way to find fulfillment in retirement!
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New Tax Rules for Charitable Contributions in 2020 Don’t Forget the CARES Act’s Special Bonus!
Many people tackled deep-cleaning projects while spending more time at home last year. If your cleaning spree ended in donating items to a local charity, or if you donated funds to help local organizations supporting pandemic relief, you can look forward to some tax breaks! To feel confident in claiming them, here's what you need to know about filing your 2020 taxes, including some unique additions from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Itemized vs. Standard Deductions When filing your taxes, you’ll need to first decide whether you want to itemize your deductions or take the standard deduction set by the IRS. Even those who cannot claim other tax credits or breaks qualify for the standard deduction. However, if you do have qualifying deductions and they add up to more than the standard deduction, it’s smarter to itemize your deductions.
Take note that the standard deduction was increased in 2020 because of the CARES Act. In 2019, the standard deduction for a single person was $12,200; in 2020, it’s $12,400. For those who are married and filing jointly, the standard deduction was $24,400 in 2019 and $24,800 in 2020. And the standard deduction for heads of household in 2019 was $18,350 and it’s $18,650 in 2020. Deductible Contributions If you choose to itemize your deductions, almost any gift to a qualified charitable organization can be deducted against your taxable income. It’s very important to keep records of all your contributions. According to the IRS, when donating items to a local charity like the Red Cross or Goodwill, the deductible value equals the fair market value of your items.
If you made cash donations in 2020, there is a special rule to be aware of: Donations to public charities are now 100% deductible instead of 60%. However, this doesn’t apply to private foundations. An Additional Charitable Deduction If you choose to take the standard deduction rather than itemize deductions on your 2020 tax return, you may qualify for a new deduction courtesy of the CARES Act. If you donated to a qualified charity before Jan. 1, 2021, you can deduct up to $300, for single filers, or $600 per married couple. The CARES Act can save you hundreds of dollars on your 2020 tax return. Use this guide to navigate the upcoming tax season. Happy filing!
2021 Market Update With Open Q&A Tuesday, Jan. 12 at 3:00 p.m. Women's Retirement Planning Upcoming Webinars All are welcome to join!
Would you like to be a Campbell Wealth Management Ambassador? Would you like access to exclusive events?
All you have to do is refer a friend. Do you know someone who: • Wants to be better prepared for retirement? • Is looking for a second opinion regarding their portfolio? • Has gone through a major life event (death of a spouse, retirement, etc.)? Call us at ( 571) 800-6371 and let’s set up an introduction! If they are important to you, they are important to us.
Wednesday, Jan. 13 at 1:30 p.m. Your Taxes & Retirement Thursday, Jan. 27 at 11:00 a.m. Estate & Legacy Planning Tuesday, Feb. 2 at 1:30 p.m.
To register, visit our website or email us at Seminars@ CampbellWealth.com
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CampbellWealth.com (703) 535-5300 330 John Carlyle St., Suite 400 Alexandria, Virginia 22314
Bring New Energy to 2021
Give Yourself the Boost of Getting Outside
Find Fulfillment With a New Hobby
How to Deduct Charitable Contributions on Your 2020 Taxes
Become a Campbell Wealth Ambassador!
The Best Airports to Get Stuck In
Securities offered only by duly registered individuals through Madison Avenue Securities, LLC (MAS), member FINRA/SIPC. Advisory services offered only by duly registered individuals through Campbell Wealth Management, LLC (CWM), a Registered Investment Advisor. MAS and CWM are not affiliated entities.
3 Cool Airports That Will Leave You Begging for a Layover
W hile travel has been down over the past year, people still have places to be and things to do all over the world. Air travel is still very much alive, and many carriers have adapted to the global situation. While travel numbers may be down, one thing hasn’t changed: Countless travelers still find themselves trapped in airports for hours on end waiting for their next flight. But not every layover is something to bemoan. Take a look at these three airports worth getting stuck in.
layover, don’t worry. ICN brings Seoul to you! While you wait for your flight, you can immerse yourself in the local culture by attending a performance or K-pop concert or visiting a museum. If it’s physical activity you’re looking for, play a round of golf at the golf course or go ice skating at the rink!
Dubai International Airport (DXB)
Singapore Changi Airport (SIN)
This airport is one of the biggest and busiest in the world, but it is also one of the most spacious. Many travelers remark upon how open and airy DXB feels. But what really sets this airport apart are the amenities. In short, this place knows rest and relaxation, and they do it in utmost luxury. You’ll find spas, gyms, swimming pools, zen gardens, and more. It also boasts the fastest, most reliable Wi-Fi in the world.
This airport is packed with restaurants and shops. You’ll find something for every appetite, as SIN offers cuisines from all over the world in one place. But as impressive as the restaurant selection may be, the crown jewel of the airport is the indoor jungle. Here, you’ll find the world’s largest indoor waterfall surrounded by a lush forest. Behold and explore this unique site while you wait for your next flight.
Incheon International Airport (ICN)
About a 30-minute drive from Seoul, South Korea, ICN has become something of a cultural hub for the nation. If you’re on a long layover, it’s remarkably easy to hop over to Seoul, but if you have a short
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