Wolf Retirement Navigation December 2017

Is Your Financial Plan Naughty or Nice?

To a kid, there’s nothing more magical than a visit from Santa Claus on Christmas Eve. Adults get that same sense of wonder when they picture retirement. Similar to how naughty or nice behavior determined what gifts Santa brought us as kids, the “good” or “bad” status of our retirement plan will determine whether we lounge on the beach or work until we’re 90. It’s time to look at the success of your retirement plan by checking the “Christmas Financial Naughty and Nice List.” ‘Naughty: Winging It’ vs. ‘Nice: Having a Plan’ Proactive planning is necessary for successful retirement. It’s not wise to wait until the proverbial “tomorrow” to determine if you have enough to maintain your ideal lifestyle in retirement. If you’re on the path

or her own. Ask if the individual is a financial fiduciary or one who operates under the suitability standard. There are financial professionals who follow the suitability standard, which means they are under no legal obligation to make sure the products they recommend offer the best solutions for your situation. While the industry is moving toward a fiduciary rule for retirement assets, the stricter requirements haven’t been implemented yet. ‘Naughty: Excessive Fees’ vs. ‘Nice: Reasonable Fees’ All mutual funds, managed investment accounts, and annuities have fees and expenses. Not all fees are bad. However, excessive fees are the fastest way to drain your savings and put your retirement plan on the “naughty” list. Variable annuities, which we do not recommend or use, are guilty of excessive fees. They are sold for “safety” and “lifetime income,” but they have the potential to lose principal and cost 2%-5% annually, which I believe is way too much! If you are unsure what kind of fees you’re paying or if those fees are reasonable, reach out to us. Is your retirement plan “naughty or nice?” Talk to the elves — which, in this case means the team at Wolf Retirement Navigation! Call 904-232-8760, and we can help you get on the right foot by checking your retirement list … twice!

to running out of money during retirement, you want to know today, not when you’ve already run out of money. ‘Naughty: Suitability’ vs. ‘Nice: Fiduciary Standard’ If you enlist the help of a professional, be sure he or she will provide

recommendations and planning that put your interests ahead of his


Scrambling to find something for the holiday potluck? This fondue is sure to impress!


• ¾ cup dry white wine • 1 tablespoon cornstarch • 1 (8-ounce) package sliced Swiss cheese

• 1 clove garlic • Salt to taste • Foods to dip (apple slices, bread cubes,

roasted vegetables, etc.)


1. In a large bowl, whisk together wine and cornstarch. 2. Chop cheese slices into small, uniform pieces. 3. Rub clove of garlic all over the sides and bottom of a heavy- bottomed pot, then discard. 4. Heat wine mixture over medium-low heat in the pot until thick and bubbling. Add some cheese and slowly whisk. When nearly smooth, add more cheese and whisk gently. Repeat until all cheese is melted. If mixture seems too tight, add 1 tablespoon wine. 5. Season with salt and serve immediately. Keep pot on low heat to keep the fondue dippable.


(Recipe inspired by PinchofYum.com.)

2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island.

www.wolfretirement.com | 3

Made with FlippingBook flipbook maker