Campbell Wealth Management - January 2022

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Strategizing to Achieve Your Goals in 2022 Checking All of the Boxes

Happy New Year!

learning and would like to share that virtue with them. You can consider setting up and funding a 529 plan, a tax- advantaged investment plan to save for education-related expenses, for each of your grandchildren. Or, maybe you’ve always been interested in owning some residential properties and becoming a landlord. This could be the year you’ll start up your own business and purchase your first property. You can chat with us at Campbell Wealth Management for some direction. Finally, when it comes to fulfillment, this can mean a number of different things for people, but what comes to mind for me is learning a new language or a new instrument. You can even learn to knit, pick up woodworking, or play chess. First, build your resolutions around a hobby or something that you enjoy doing. This makes the process much easier because you’re engaging in something that you actually want to do. Second, make sure that your goals are “SMAC certified.” Are your goals specific? Are they measurable? Achievable? And compatible with who you are as a person? Third, write your goals down. You can do this in two different ways. You can jot them down on a sheet of paper, but make a copy and keep it somewhere safe. You can also create a vision board. I’ve been goal setting for well over 40 years, and I’ve achieved many different things because I wrote them down and built a vision board.

On my vision board, I cut out a picture of the goal I want to achieve and I hang it up somewhere so I have to look at it every day. As an example, many years ago, I said that I wanted to live on the water

As you likely know, I’m a big goal setter. Every year around this time, I develop goal-setting ideas, and this year is not going to be any different. However, I did some research on goals and was intrigued to find a poll conducted by OnePoll and a company called Crispy Green that surveyed 2,000 Americans. It was found that it only takes 32 days for people to abandon their new year’s resolutions. So, we can either make Feb. 1 “Call It Quits Day” or we can buck the system. I choose to be different. To shake it up a bit, January is also National Hobby Month. Sometimes, it’s easier to achieve your goals when you frame them around something that you are passionate about. So, as you’re thinking about your resolutions, consider categorization first. Can you put your goals and resolutions into a category such as health, wealth, and fulfillment? By this, I mean what New Year’s goals and resolutions do you have that align with health, wealth, and fulfillment? When it comes to health, maybe you enjoy mountain biking, running, walking with your dog, hiking, dancing, or swimming. Maybe you really love to cook and can make some delicious and nutritious recipes to share with friends and family. These hobbies could be the focus of your new year’s resolutions for 2022.

and be able to water-ski in front of my house with my kids when I had them. Now, we live in Hallowing Point, which is a waterfront community, and we have a house on the water, and I truly believe that I would not have achieved this if I hadn’t had a picture of that house on the water on my vision board many years ago. Finally, build some accountability around your goals. You can add another person as an accountability partner, and on a weekly basis, you can check in to see what you’ve done to achieve your goals. Sometimes, we take just baby steps, and other times, we take large strides towards our goals. So, instead of “calling it quits” on Feb. 1, with these strategies in place, you’ll be checking all the boxes because you’ve achieved your goals on Dec. 31.

Good luck in 2022! Let’s make it an incredible year of great accomplishments!

Kelly Campbell

With respect to wealth, possibly you’re really fond of your grandkids and you really like

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The Importance of Having a Hobby Skills That Enrich Us

January is National Hobby Month, and since it falls at the beginning of the year, it’s the perfect time to try something new! Hobbies add variety to your life and ensure you aren’t just living to work, so to speak. The best way to find a hobby you enjoy is to be open to new things. Whether it’s gardening, reading, drawing, running, fishing, crafting, or even beekeeping, finding an activity you enjoy is important. Here’s why! Hobbies are stress relievers. Hobbies offer a healthy escape from your busy lifestyle by keeping you engaged in something you find pleasure in. Instead of just relaxing on the couch and turning off your mind for a bit (which is totally acceptable sometimes), hobbies allow you to remain mentally productive while winding down at the same time. Hobbies also provide eustress . Believe it or not, one type of stress is deemed beneficial: eustress. If you aren’t overly stressed and are feeling a little under-stimulated, a hobby can provide activity for both your mind and body to keep you feeling excited about life and ready to take on new challenges and adventures.

Hobbies offer a social outlet. Some hobbies involve group activities, such as bowling, sports teams, book clubs, and even wine tasting. Connecting with others offers the social support humans depend on to lead a healthy and fruitful life. Who knows? Maybe you’ll find some great friends who share the same passions as you! Hobbies develop patience. When you take on a new hobby, you are tasked with learning something new. Whether you’re practicing a new instrument, learning a different language, or figuring out how to make jewelry, a learning curve is involved. Building new skills takes patience, a very important attribute for success. Finding a hobby that suits you may take some exploration and trial and error, but it is all in good fun! Make it your goal to try something new or learn a new skill each month until you find something that sticks. Once you do, you’re sure to find that hobbies are both enjoyable and enriching!

Important Ages for Your Retirement Key Milestones for Retirement Planning

Your retirement accounts all have different eligibility ages. If you have an IRA, 401(k), or other retirement accounts, you must pay attention to how your investments are doing, how much money you’re contributing, and what you are paying out in fees. There are also milestone ages to be aware of, too. But what are they?

retirement plan at the job you left. You would still owe income tax on the 401(k) withdrawal. However, if you roll over that 401(k) into an IRA, you must wait until age 59 1/2 to make withdrawals. Age 59 1/2 At age 59 1/2, you can officially withdraw from your IRA without penalty. If you are retired or have terminated employment and still have funds in your 401(k), you can access them at age 59 1/2 and not have to pay an early withdrawal penalty. Age 72 Required minimum distributions (RMDs) for retirement plans such as 401(k)s, 403(b)s, and IRAs begin at age 72. Keep in mind that if you forget to take an RMD, there is a 50% penalty based on the RMD you were supposed to take, on top of the tax you’ll owe. Understanding all of your options and your entire retirement timeline can help you plan for the future. Call us today for a complimentary review of your retirement plan and accounts.

Starting at age 50, let’s take a look.

Age 50 At age 50, if you are employed, you have the opportunity to make annual “catch-up” contributions in addition to your normal contributions. In 2022, those aged 50 and older can contribute an additional $6,500 to a 401(k), a 403(b), most 457 plans, and a government Thrift Savings Plan in 2022, totaling $26,000. Age 55 Starting at age 55, you may be able to withdraw from your 401(k) or other employer-sponsored retirement plans. If you leave your job after you turn 55, you can make penalty-free withdrawals from the

This is intended for informational purposes only and should not be construed as tax advice. Consult your tax advisor regarding your situation.

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Don’t Spend Another Year Lonely! 5 Ways to Make New Friends in Retirement

Friendship just might be the fourth secret to longevity, right behind eating well, exercising, and getting plenty of sleep. According to the Mayo Clinic, making friends can reduce stress, improve your self-confidence, and give you purpose in life! People with good friends are also more likely to exercise and less likely to drink to excess. But making friends is tough, especially in your golden years. To finally kick loneliness to the curb in 2022, try these five tips. 1. Get a dog. Adopting a dog (assuming you truly want one) will incentivize you to leave the house for walks, vet visits, and more. You’ll likely attract new friends in the neighborhood when they stop to pet your pup, and you can also meet people at the dog park or obedience classes. If nothing else, you’ll have your dogs in common!

pursue those interests. If you like to quilt, join a quilting group, and if you kayak, look for an outdoors club near you. Facebook is a great resource for finding online hobby groups, too! Just type your interest into the search bar and select “Groups” on the left- hand side of the screen. 3. Volunteer. Volunteering has similar benefits to joining a hobby group with the added benefit of giving back to the community! There’s likely a cause for whatever you’re interested in, whether that’s food, animals,

and they’re all over the U.S. If you want to find friends in your age group to swim and play tennis with, a local real estate agent can help you find them. 5. Become a mentor. Mentorship is a valuable way to form friendships across generations. You can sign up for an existing program in the field you retired from or reach out to a local college or high school career center and offer your services. They’ll likely have graduates who’d love to meet you!

or sports. Visit to find opportunities in your area sorted by organization type.

4. Move to a 55-plus community. Also called retirement communities or active adult communities, these neighborhoods are known for their low-maintenance housing, amenities, and group activity options —

2. Join a hobby group. The easiest way to find friends with similar interests is to

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How to Build New Habits in 2022 Tuesday, Jan. 11th at 3 p.m. 2022 State of the Market Tuesday, Feb. 8th at 3 p.m. To register, email us at

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700 S. Washington St. Suite 220 Alexandria, Virginia 22314 (703) 535-5300 (703) 535-5300 330 John Carlyle St., Suite 400 Alexandria, Virginia 22314









2022 Goal Setting


Why Hobbies Are Important

Key Ages and Milestones

How to Make 2021 Your Last Lonely Year


Upcoming Events

Why Do Your Ears Pop on Flights?


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.

Airplane Ears The Science Behind Your Ears Popping on Flights

eardrums. When you’re in flight on an airplane, air pressure is not equal. During both ascent and descent, your eardrums stretch to try to adapt to the changes. In order to equalize the pressure, your eustachian tube needs to open and close. When it does, your ears pop! Usually, the ear popping is irritating but nothing more. However, in rare cases, the pressure can lead to ear pain and even loss in hearing, especially if your ears don’t pop. In this case, you may need to make an effort to get your eustachian tube to open by yawning, talking, or swallowing. Sucking on

a piece of candy, swallowing some water, or chewing gum may also help! One of the best things you can do is make sure you are not sleeping as the airplane takes off or lands because your eustachian tube isn’t able to open and close normally. If you commonly struggle with congestion or sore ears on flights, taking a nasal decongestant before you board may ensure that your eustachian tube is not blocked. If your hearing and ears do not return to normal shortly after the flight, be sure to schedule an appointment to see your health care professional as soon as possible.

When it comes to flying on an airplane, you can avoid cramped legs by upgrading to first class or catch a view by picking the window seat. However, there’s no getting around your ears popping during takeoff and landing. Believe it or not, there is a scientific explanation behind this common annoyance. As you read this, you’re likely not on an airplane, and the air pressure on either side of your eardrums is equal. Air is currently passing right on through your eustachian tube, a narrow passage that leads from your middle ear cavity to your pharynx and allows for pressure to be equalized on each side of your

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