Wolf Retirement Navigation - June 2020

RET IREMENT NAV IGAT ION

MONTHLY

4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224

4711 US Highway 17 Suite C-5 Fleming Island, FL 32003

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June 2020

TO CLIMB MOUNTAINS

The Purpose of Being a Dad

I want to start this month by giving a big shout-out to all the super dads out there. Father’s Day is coming up, and I want you to know that your efforts are very much appreciated and recognized. Becoming a dad is one of the best things that has ever happened to me, and I am so thankful that my own dad taught me the value of having a strong

Snowbasin in the Wasatch Mountains of Utah to participate in the 29029 Everesting Challenge. This event was partly a fitness and mental challenge for me and partly a fundraising opportunity to support JaxPAL here in Jacksonville. While we successfully raised $4,755 for JaxPAL, I was less than successful in the Everesting Challenge. I completed 10 miles out of the 29-mile, 29,000- foot elevation hike. Though I trained, I was not prepared for the incredible endeavor. Rather than feel discouraged, I turned around and signed up for two more Everesting Challenge hikes — one in June 2020 in Sun Valley, Idaho, and one in August 2020 in Snowbasin. COVID-19 knocked out Idaho until 2021. I will instead compete in a “virtual” hike on June 19 and will continue to focus on training for my return to Snowbasin. To help prepare this year, I purchased an incline treadmill that has up to a 40% incline. As luck would have it, the treadmill was delivered just three weeks before the COVID-19 stay-at- home order went into effect. Talk about timing! I have spent many hours during the shutdown training for the climb. I am focused this year. I know exactly what kind of challenge is before me, and I’m better prepared to conquer the mountains. 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.

Just like last year, my Everesting Challenge will double as a fundraiser for JaxPAL. We partner with and support JaxPAL for many different reasons. As a local business, I believe we have a responsibility to do our part to help build a stronger community, and that starts with supporting the kids. JaxPAL works with kids in our neighborhoods, many of whom are financially disadvantaged, are without fathers, and need as many opportunities as possible to increase their chances for success. I believe in the JaxPAL mission and am excited to be able to support this great organization once again. If you would like to help us by getting involved, then be sure to keep an eye on future monthly newsletters. We will be announcing more details in the coming months. While I won’t be climbing a mountain in Sun Valley this Father’s Day, I will keep everyone updated on my virtual hike status and results! I am looking forward to my future climb in August as well. Being a dad is about building a community in which our children can flourish and thrive. To do that, you have to be willing to climb mountains — sometimes literally. By partnering with JaxPAL for the 29029 Everesting Challenge, I am certainly able to do just that. -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.

While we successfully raised $4,755 for JaxPAL, I was less than successful in the Everesting Challenge.

work ethic and that he also showed me the positive side of being an optimist. I’m also grateful to my clients who are fathers who have taken the time to share wonderful stories and invaluable advice with me throughout the years. It has been a huge help. I hope you all enjoy memorable, meaningful Father’s Day celebrations. This Father’s Day weekend, my plan was to climb Mount Everest — or at least climb the equivalent of Mount Everest. You may remember that in August of last year, I flew out to 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

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