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THE 3 MOST IMPORTANT ASPECTS OF RETIREMENT
2019 is gone but not forgotten. We had many great accomplishments over the last year, and the doors are wide open for a great 2020. I’m excited about our team and for us to continue doing great things for
known person was Jeanne Calment, a French woman who lived to be 122 years old. She was born in 1875 and she died in 1997. Globally, people are living longer than ever before. With proper care, the body and mind can last well past 100. One day, it will probably be the norm. While that’s a ways off, you can still live a fit lifestyle to maximize your years and maximize your retirement. Finally, financially speaking, this is an area we have covered for our clients. As you know, we sit down with every person who becomes our client. We plan and we plan againmaking sure every financial angle is covered as you enjoy retirement. We’re looking to do more in-depth planning in 2020. When we were developing this three-topic workshop, the idea of fun and fitness really spoke to me. Finance is something already inmy blood, but fun and fitness are things that always tend to stick in the back of my head. That is to say, while I think about them frequently and they are important, they’re not always at the forefront. I say this because my personal focus on living a happy, healthy, and fulfilling life stems from a dad who died when he was 51. He didn’t get to live his future; there was no retirement, he didn’t get to see his family flourish, and he never met his grandkids. It’s remarkable that I get to help so many people achieve these dreams. Living a fulfilled, healthy life, while having a strong financial foundation are all near and dear to my heart—and I hope they’re dear to you as well. As we start a new year, I want to thank you all for being our clients. I’m looking forward to working with you in 2020 and as always, we’re committed to helping you live your best retirement and focus more on having fun, being fit, and having your finances taken care of! Kelly Campbell
our clients. In the New Year, we’ll be expanding our offices! We’ll be taking up the entire floor in our building and, most exciting of all, we’ll have our very own education center! It’s a large conference room designed to fit 50 people. We’ll be able to teach classes right in our offices. And I can’t wait to get rolling on those classes! Speaking of classes, we ended the year with a final
workshop in mid-December. The workshop was a little unusual for us because it wasn’t completely focused on financial topics. In fact, only a third of the workshop dealt with finance. The workshop was all about health, wealth, and fulfillment. We dubbed it “Maximizing the 3 Fs of Retirement: Fun, Fitness, and Finance.” When we were putting the class together, we asked clients about topics that mattered to them most in retirement. We heard all kinds of answers, but we found that, for the most part, they fit into three major categories: health, wealth, and fulfillment. So, these were the topics of our year-end workshop. Having fun is an important part of retirement. You should continue to do things that bring you joy or fulfillment. There’s a growing body of research that shows happy people live long and more fulfilled lives, but fun and fulfillment mean different things to different people. There are people who have their sights set on traveling the country or the world. Some just want to read every book they can get their hands on. Of course, health and fitness play a big role in that, too. Staying fit allows us to do more of what we want and we feel better for it. Many people believe that as they get older, they’ll become less healthy— that poor health is inevitable. I don’t believe that for a second. The world’s oldest
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Stay Active During Your Golden Years 3 Part-Time Jobs for Retirees
Share your passion for sports as a coach. Coaching can be a satisfying way to spend your retirement and support younger athletes. However, there are a few things to keep in mind if you want to be a coach. You might need to pass a background check, and you’ll probably need to know first aid as well. While the pay isn’t incredible, the time you’ll spend sharing your passion for sports with young people is more than worth it. Give back as a personal care aide. If you’re looking for an opportunity to stay active and have a more direct impact on people’s lives, you can try being a personal care aide. Personal care aides help elderly and disabled people with everyday tasks, such as shopping, doing laundry, and bathing. Many people who require this assistance prefer older aides who can empathize with their struggles, so it’s a great job for recent retirees. Just because you’ve retired doesn’t mean you can no longer bring value to your community. With all the time you have on your hands, you could become one of your town’s most valuable assets.
Whether you want to generate some extra income during your retirement or just keep yourself busy, getting a part-
time job can be a great way to spend your golden years. But why settle for just any
opportunity when you could stay mentally and physically active and give back to the community? If that sounds like your ideal way to spend retirement, here are a few options to consider. Pass along your knowledge as a teacher. Many community colleges and community centers offer part-time teaching opportunities for those who want to share their field of expertise with others. Many of these positions don’t require a teaching degree or certificate— just a wealth of knowledge from your years in the workforce. Alternatively, if you want to help younger students with their academics, you could also work as a tutor or a teacher’s assistant at a local school.
AREALWAYTOBOOSTYOUR BRAINPOWER One Activity That Will Improve the Way You Think
The marketplace is flooded with supplements claiming to boost brainpower, increase cognition, and reduce the effects of aging on your brain. The reality is that boosting your brainpower is actually much easier than that, and you don’t have to put any potentially harmful substances in your body to reap the rewards. How we live can have a huge impact on the way our brain ages, performs cognitive functions, and remembers things. A 2014 study published by researchers from University of Tübingen in Germany found that brain function may slow down as we age, but certain cognitive skills and abilities don’t automatically follow suit. Essentially, the brain has the ability to remain sharp under the right circumstances. What are those circumstances? That answer comes from another study published in Psychonomic Bulletin & Review. The study found aerobic exercise may be the best way to boost brainpower and cognitive function. Aerobic exercise, also known as cardiovascular exercise, includes walking, jogging, running, biking, swimming, and so on. Through these studies, we’re starting to put together a better picture of how we can get the most out of our cognitive abilities and memory as we age. One group of researchers with the Dana-Farber Cancer Institute and Harvard Medical School actually identified a molecule released into the bloodstream during aerobic exercise that
boosts cognition over time and may hinder neural degeneration. The Psychonomic Bulletin & Review study also noted that those who performed aerobic exercises had higher cognitive function over those who didn’t. Participants were able to perform better when it came to task switching, selective attention, and even
working memory capacity. This was reported across a variety of age groups, from children to older adults, and people who were already considered healthy. In older people, the effect of aerobic exercise may even reduce symptoms related to many neurological disorders, from depression to dementia. The study also found that cognitive functions tied to implicit memory (functions that occur without conscious awareness, such as riding a bike, brushing your teeth, driving a car, or other familiar or repetitive tasks) were markedly better in older people who kept up a regimen of aerobic activity, though improvements were found in all age groups. It’s something to think about as you put together your goals for the New Year!
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SOCIAL SECURITY IN 2020 Know What’s Changing
If you’re in the appropriate age bracket, Social Security may play a major role in your finances. So, it’s important to know how Social Security will be changing in 2020. Trust Fund Unless Congress takes some drastic actions in the coming months, the current excess trust fund revenue will be depleted by the year 2034. If that happens, Social Security will only be able to pay 79% of the promised benefits from ongoing payroll taxes. You may need to think about what your financial plan would be like with 21% less income. Retirement Age If you haven’t reached retirement yet, this one is important to consider. If you were born after 1959, the full retirement age is now 67 for you. You’ll still be able to start taking some benefits at age 62, but they’ll be at reduced monthly payments. Would you like to be a Campbell Wealth Management Ambassador? Would you like access to exclusive CWMAmbassador events?
Cost of Living Low inflation means that Social Security
benefits will only see a minor cost of living increase. This year, it’s expected to be around 1.6%. It’s not major, but if you’re living off Social Security alone, every penny is important. Maximum Benefits
Those near the top of the Social Security income scale in 2019 will see an increase in their maximum payout in 2020. The maximum payout for an individual will be capped at $2,861 per month. That translates to $34,332 per year, so consider how that may impact your finances. Taxes How much your benefits are taxed depends on your household income levels. For example, 50% of your benefits will be taxed if you make between $25,000–$34,000 individually or $32,000–$44,000 for married couples. If you’re above that income bracket, then 85% of your benefits will be taxable.
Inspiring Women Workshop Nannie J. Lee Center Thursday, Jan. 16 at 6:00 p.m. or Tuesday, Jan. 21 at 6:00 p.m. Taxes in Retirement Workshop Jane E. Lawton Center Wednesday, Jan. 29 at 1:00 p.m. or Tuesday, Feb. 4 at 6:00 p.m. Social Security Workshop Great Falls Library Wednesday, Jan. 29 at 6:00 p.m. or Wednesday, Feb. 5 at 6:00 p.m. Upcoming 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.
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CampbellWealth.com (703) 535-5300 330 John Carlyle St., Suite 400 Alexandria, Virginia 22314
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Here Are the 3 F's of Retirement Stay Active During Your Golden Years This Activity That Will Improve the Way YouThink Changes to Social Security in 2020 Upcoming Events Real Winter Wonderlands
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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.
The Dolomites, South Tyrol, Italy
ESCAPE TO A WINTER WONDERLAND CHILL OUT IN THESE FROSTY DESTINATIONS
Snow is magical and gorgeous—unless you have to commute in it. If you want to enjoy all the wonder that winter has to offer without the hassle, why not turn it into a vacation? Here are a few breathtaking, snow-covered destinations that any winter lover can enjoy. Bulguksa Temple, SouthKorea Above the city of Gyeongju, this ancient Buddhist temple has stood on the slopes of TohamsanMountain since the eighth century. Bulguksa, or “Temple of the Buddha Land,” is South Korea’s No. 1 UNESCO WorldHeritage Site, making it a popular attraction for domestic and international tourism. The crowds and school tours die down during the winter, however, which also happens to be when Bulguksa is at its most pristine. The iced-over lotus ponds and snow-dusted pagodas add to the
Italy, this stunning mountain range is home to some of the best skiing in Europe, as well as many historical sites. The secluded villages that dot the mountain valleys are an attraction in their own right, especially for the rustic cuisine you’ll find there. Don’t expect pasta though. This region is a melting pot of flavors fromAustria, northern Italy, and the local Ladin people. Ricotta and sauerkraut pancakes, anyone? The Antarctic This is the one entry on this list that is best enjoyed during the summer months, which is December–February in the SouthernHemisphere, because that’s when the freezing temperatures of the southernmost continent are at their most hospitable. The
Antarctic has become an increasingly popular tourist destination, with cruises taking adventure seekers through the vast, untouched beauty of this far-flung destination. Some tourists even enjoy kayaking or cross-country skiing through this icy paradise.
sense of tranquility this site naturally exudes. The Dolomites, South Tyrol, Italy
If you want the feel of a ski trip to the Alps without the packed slopes and ritzy resorts, the Dolomites are just for you. Located in northeastern
The Antarctic
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